News on Indian Economy
India will have an installed hydropower generation capacity of 70,000 megawatt (MW) by 2030, Aniruddha Kumar, Joint Secretary at the Ministry of New and Renewable Energy said last week in a webinar organised by industry body ASSOCHAM.
After a gap of about 5 months due to the Corona pandemic, “Hunar Haat”, which has become “Empowerment Exchange” of artisans and craftsmen from across the country, will restart from September 2020 with the theme of “Local to Global” and comparatively larger participation of artisans.
Bajaj Auto Ltd plans to enter Thailand with its premium motorcycle brands, including KTM, Husqvarna, Dominar and Pulsar NS series, by July 2020, said a senior company executive.
The Union Minister of Agriculture & Farmers’ Welfare, Shri Narendra Singh Tomar has said the Government is promoting Beekeeping as part of its aim to double farmers’ income. Addressing a webinar organised by the National Cooperative Development Corporation (NCDC), Shri Tomar said the Government has allocated Rs.500 crore towards Beekeeping under the Atma Nirbhar Abhiyan. He said India is among the world’s top five honey producers. Compared to 2005-06 honey production has risen by 242% and exports shot by 265%.
The company will supply 38 of its 2.7-132 wind turbines, for low wind speed conditions, for the Rajkot and Khambaliya projects being developed by Powerica.
After launching its first high capacity parcel van on the Linke Hofmann Busch platform in January this year, the Indian Railways has manufactured 12 more of the specially designed parcel vans to ensure smooth supply of essential goods during the lockdown.
The e-commerce giant, which has invested more than $6.5 billion in India, today launched its food delivery service, called Amazon Food, in select parts of Bangalore. The company had originally planned to launch the service in India last year, which it then moved to March but pushed it further amid the nationwide stay-at-home order the Indian government issued in late March.
The company will be able to accomplish this task of exploring hydrocarbon reserves under the Dibru-Saikhowa National Park by use of the Extended Reach Drilling (ERD) technology, it added
A webinar on ‘Medical Devices and API sector: Challenges & Emerging Opportunities’ was held on 22nd May, 2020 at 11.30 am for business and trade collaboration between India and Japan in the post COVID-19 scenario. The webinar was organized by the Embassy of India, Tokyo in partnership with the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Govt. of India.
The government has extended duty protection on sodium citrate — a key pharmaceutical ingredient – imported from China for another five years after an investigation found that there has been continued dumping of the Chinese product in India hampering the domestic industry, the finance ministry said.
