News on Indian Economy
The National Cyber Security Coordinator’s office in partnership with DSCI has launched this portal for identification and collaboration in existing tech capabilities of India.
The Minister said, “In 2018-19, our energy trade size is $7 billion with the US. It is increasing this year, as we are importing crude oil, LNG, coal, especially the special category of coal. Our energy bridge is very robust with the world community and America is an important destination.”
USDA stated in its international outlook on cotton crop, which was released on October 15, 2019, “Production in India – the leading cotton producer – is forecast at 30.5 million bales, 15 per cent above 2018-19, and the second highest on record, as both area and yield in 2019-20 are expected higher.
The objective of this MOU is to promote mutual cooperation, facilitate collaborations in fields of newer technologies relating to but not limited to display, optoelectronics etc., exchange of experiences, initiation of reports and studies relating to innovations and applications of innovations in varied sectors across electronics and promotion of such technologies to address pertinent problems being faced by humanity in both these countries
Among the companies that have sent expressions of interest (EoI) include Dalmia Cements, Shree Cements, Jakson Group, CVK Group, Paperboat Design Studios Private Limited, as well as the Indian School of Business, government officials familiar with the matter have told ThePrint. The 43 firms have submitted 62 EoIs.
The new industrial site named Sofima India Pvt. Ltd is built with an investment of €10 million having an initially planned output of 6 million filters per year, as per the company release.
Undersecretary Of Defense For Acquisition And Sustainment Ellen M Lord said the US is committed to strengthen its partnership with India while furthering military-to-military relationships and cooperation.
Leading the pack from the country are payments solutions platform One97 Communications (USD 10 billion), cab aggregator Ola Cabs (USD 6 billion), online educator Byjus (USD 6 billion), and travel-stay finder OYO Rooms.
The Indian Railways has already completed the electrification of 4,087 route km in 2017-18. The complete electrification of the railways networks will probably be done by 2021-22.
The country has achieved annual growth exceeding seven per cent over the last 15 years, halved its poverty rate since the 1990s, and enjoyed strong improvements in most human development outcomes, the World Bank said.
