News on Indian Economy
The initiative forms part of India’s expanding energy cooperation with ASEAN and aligns with efforts to develop interconnected electricity networks across Asia. It also reflects the growing importance of cross-border electricity trade as countries increase renewable energy generation and seek more reliable power supplies.
The proposed collaboration between Rolls-Royce and Reliance Industries focuses on creating sovereign Indian capabilities in advanced military aircraft propulsion. Unlike arrangements limited to assembling imported engines, the companies intend to offer capabilities covering the complete engine development process, from design and engineering to manufacturing, testing and operational support.
Indian engineering and defence manufacturing company Larsen & Toubro (L&T) has signed a strategic agreement
Rail Coach Factory Kapurthala is a production unit of Indian Railways with extensive experience manufacturing passenger coaches and self-propelled railway vehicles. The facility has contributed to India’s railway modernisation through the production of conventional coaches, Linke Hofmann Busch (LHB) coaches and specialised passenger rolling stock.
The proposal reflects India’s increasing focus on indigenous autonomous systems capable of operating in electronically contested environments. However, Svaayatt’s nine-drone swarm remains a proposed system, with no publicly confirmed Indian Armed Forces procurement contract, completed military acceptance trial or operational induction.
Announced on October 5, 2026, the collaboration combines EndureAir’s expertise in unmanned aerial systems, autonomous flight and aerospace engineering with Maraal Aerospace’s work in solar-powered, long-endurance aircraft. Both companies are based in Noida, Uttar Pradesh, and are developing technologies intended to strengthen India’s domestic unmanned aviation capabilities.
The Pune-based Serum Institute has manufactured and stockpiled approximately 620,000 doses of the ChAdOx1 BDBV vaccine candidate within two weeks, demonstrating its ability to rapidly scale production during an infectious disease emergency. The company also supplied around 3,000 investigational doses for the Ugandan clinical trial.
Orbital Corporation announced the order on October 5, 2026, through a regulatory disclosure to the Australian Securities Exchange (ASX). Each propulsion system will incorporate the company’s second-generation Power Management System (Gen II PMS), marking the first external customer adoption of the technology.
According to EyeROV, TROUT is India’s first indigenously designed, developed, manufactured and military-qualified underwater ROV intended for naval operations. The platform underwent extensive field trials and qualification procedures before delivery, covering underwater manoeuvrability, deep-diving performance, navigation, endurance and operation in strong underwater currents.
A Colombian delegation visited BEL’s Ghaziabad Unit and Central Research Laboratory in March 2026 to examine the company’s technological capabilities. The visit formed part of Colombia’s efforts to identify suitable technologies for detecting and countering unmanned aerial threats.
