News on Indian Economy
Aimed at securing India’s energy needs, the plan to set up these factories of 10 gigawatt hours (GWh) each is being helmed by federal policy think tank NITI Aayog and looks to accomplish what Tesla has done at its Gigafactory in Nevada, US.
Under the agreement, Aireon will start providing AAI coverage of all ADS-B OUT 1090 MHz flights within the Mumbai, Chennai and Kolkata’s oceanic airspace. These regions are located in the Arabian Sea, Bay of Bengal and Indian Ocean and represent over six million square kilometers.
US-based multinational Honeywell has decided to set up a Rs 1,200 crore textile plant in Butibori MIDC. It plans to produce Spectra — a specialized fibre used for defence, semi-defence and paramilitary purposes. Anbalagan further said Honeywell had already identified a 50 acre plot in Butibori. “We will sign a memorandum of understanding (MoU) with them soon and hand over the plot after payment is made,” he added.
It is a milestone moment for India & Dynamatic, having demonstrated sustained excellence in producing complex wing-movables, as a global sole supplier for Airbus. It underlines Airbus’ commitment to ‘Make-In-India’ as a critical element of its global procurement strategy.
A total of 239 satellites were launched by ISRO’s commercial arm Antrix Corporation in the last three years, garnering revenue of Rs 6,289 crore, the government informed Parliament on July 24.
Metrolite project: The proposed Metrolite system involves less capital cost, operation and maintenance expenditures compared to a regular Metro network. These specifications can make the system more viable for smaller cities.
Vande Bharat express, also dubbed as ‘Train 18’, can run up to a maximum speed of 160 kmph and has travel classes like Shatabdi Train but with better facilities in a bid to provide a totally new travel experience to passengers.
The Narendra Modi 2.0 government has set a fast pace of decision making, with important measures on national security such as clean-up of Jammu & Kashmir Bank, domestic agendas to deliver on new welfare schemes and significant foreign policy engagements.
“Steel Authority of India Ltd (SAIL) has supplied special-quality stainless steel from its Salem Steel Plant for India”s moon mission Chandrayaan-2 meeting the ISRO”s requirements for stringent specifications, superior surface finish and close tolerances,” SAIL said in a statement.
Many Asian economies — Japan, China, South Korea — were able to use this ‘demographic dividend’, defined by the United Nations Population Fund (UNFPA) as the growth potential that results from shifts in a population’s age structure.
