News on Indian Economy
Technology giant Google has announced that it plans to invest over ₹75,000 crore($10 billion) in India over a period of 5-7 years. Google and Alphabet CEO Sundar Pichai made the announcement today at ‘Google for India’ virtual event. The Google’s investment in India will be made through equity investments and tie-ups, marking its biggest commitment to a growth market.
Global wind turbine major Siemens Gamesa Renewable Energy will start making the 3.4 MW wind turbine at its Indian plant in Tamil Nadu, said a company official.
India invested in 120 projects and created 5,429 new jobs in the UK to become the second-largest source of foreign direct investment (FDI) after the US in 2019, according to new UK government figures released on Friday.
For the first time the Indian Railways, loaded special Parcel train beyond the country borders to Benapole in Bangladesh with Dry Chillies from Reddipalem in Guntur District of Andhra Pradesh state.
The Department of Agriculture, Cooperation and Farmers Welfare, Government of India is taking several measures to facilitate the farmers and farming activities at field level during COVID 19 pandemic.
Tech giant Samsung on Thursday said it has started manufacturing smartwatches in India at its Noida facility as part of its ‘Make in India’ efforts. The South Korean company, which has its largest smartphone manufacturing facility in Noida, has also launched a new 4G-enabled smartwatch priced at Rs 28,490 that will be manufactured locally.
Indian Oil Corporation (IOC) said with easing of lockdown restrictions, it has resumed work on projects worth Rs 1.04 lakh crore which will help address future energy demand as well as kickstart the economy.
Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power, Government of India, has signed an agreement with the New Okhla Industrial Development Authority (NOIDA)to promote electric vehicles and install public EV charging stations & related infrastructure.The partnership will also facilitate the creation of an infrastructural ecosystem to accelerate e-mobility uptake as the nation emerges from the lockdown post COVID-19 pandemic.
The Prime Minister Shri Narendra Modi dedicated to the Nation the Rewa Ultra Mega Solar Power project to the Nation via video conference today. It is Asia’s largest power project.
Taking another step towards clean fuel, Indian Railways has successfully tested the first battery-operated Navdoot Engine. This engine has been built in the Jabalpur division of the railway and is named ‘Navdoot’. It works in dual mode.
