News on Indian Economy
With the electronic manufacturing ecosystem is expected to reach investments worth Rs 26 lakh crore by 2025 the sector is expected to witness an exponential growth in jobs,” Teamlease Services head of industrial, manufacturing and engineering vertical, Sudeep Sen said quoting the report.
Speaking at the ‘Workshop for Defence Export Promotion’ organised by FICCI, Sanjay Jaju, Joint Secretary (Defence Infrastructure Panel) in the Ministry of Defence, said that through the new licence, the industry will be able to access international market and make the products more competitive.
Three frigates — medium-size warships — worth Rs 19,500 crore are being built at Garden Reach, and execution has reached a criticality threshold that would allow the company begin recognising revenue. This means the peak revenue in the next 3-4 years could be potentially three times of last fiscal year’s sales.
Chairing the first governing council meeting of the NITI Aayog in his second term as prime minister, Modi announced setting up of a high-powered committee on structural reforms in the distressed agriculture sector.
Valued at over Rs 800 crore, the orders have been secured from the state-run power giant NTPC Ltd and Gujarat State Electricity Corporation Ltd (GSECL), a company statement said.
About 200,000 Indians die every year due to inadequate access to safe water, and 600 million face high to extreme water stress, the National Institute for Transforming India (NITI) Aayog said in a report last year, citing data by independent agencies. Modi is the chairman of NITI Aayog.
Fonterra firm will launch value-added milk products in Maharashtra, before heading to the south
Lucknow Development Authority’s initiative is inspired by the success of roads in many foreign countries. In India too, many civic bodies have started road construct using plastic waste in an environmental-friendly experiment.
The local manufacturing plant is ready and will be in production within the third quarter of this year and aims to generate 6,000 jobs in three years, Xiaomi said.
It will cater to markets in South Asia, West Asia and Africa.
