News on Indian Economy
The National Sugar Development Council (NSDC), Abuja, on Wednesday signed a Memorandum of Understanding (MoU) with the National Sugar Institute (NSI), Kanpur, India on the establishment of a Sugar Institute in Ilorin, Kwara State.
“Riding on the wave of higher consumption in a growing market and maturing dynamics on the supply side, we expect the industry to grow from USD 4 billion to USD 8 billion in the next three years, a massive 25 per cent growth rate,” the report titled ‘Demystifying the Online Food Consumer’ said.
The deal, whose legal vetting is underway, will be signed during US President Donald Trump’s visit to India, and is a precursor to a free trade agreement between the two nations, officials in the know of the plans said.
The World Social Report 2020, published by the UN Department of Economic and Social Affairs (DESA), notes how India harnessed the potential of digital technologies for more inclusive development.
The company will showcase its biometric access control Chubbsafes and other Hallmark range of safes under the Steelage brand designed specifically for the jewellery segment in India, particularly in the South through this experience centre, said the company.
India’s Lohia Aerospace System has signed an offset based sourcing MOU with its first customer – an international aerospace contractor for supply of civil aerospace components. The company had acquired Israel based Light & Strong Ltd, Israel’s largest private producer of aerospace focused carbon fibre composite components for Israel’s Aerospace and Defence industry in February 2019.
Warehousing sector is expected to add around 40 million sq. ft. space across the top eight cities by this year, as the sector is becoming important part of integrated logistics network on the back of the technological advancement and the reform-led policy measures, according to a recent survey.
Togo is a Country in West Africa and Member of International Solar Alliance (ISA). The country has set an ambitious plan to achieve universal electricity access by 2030 with focus on capacity addition in Solar Power generation. The Country has taken various initiatives to achieve these targets. The Country has been requesting assistance of ISA for development of Solar capacity in the Country.
The first such satellite, GSAT-30, which will replace the 15-year-old INSAT 4-A satellite, was launched on January 17. The satellite carried 12 C band transponders for communication and 12 Ku band transponders designed for direct-to-home transmission.
In order to carry the momentum of the meeting forward, Shri Gadkari decided that monitoring and review at the official level needs greater attention and focus. To deal with this issue he has directed all chief engineers in the Ministry and all members of NHAI to organise “Review Mondays” on the first and third Monday of every month. On these days no meetings other than for the purpose of review will be held by officials.
