Economy

News on Indian Economy

Adani Group to Invest $20 Billion to Become World’s Largest Renewable Power Company by 2030

“Our overall organic and inorganic investments across the entire green energy value chain will range between $50-70 billion. This will include investments with potential partners for electrolyser manufacturing, backward integrations to secure the supply chain for our solar and wind generation businesses, and AI-based industrial cloud platforms,” Adani said while addressing participants virtually at the TiE Sustainability Summit being held in Hyderabad.

First Consignment of Kashmir Walnuts from Budgam Despatched

Kashmir accounts for 90% of India’s walnut production. With their superior quality and taste, the Kashmiri walnuts are a great source of nutrients and hence widely in demand across the globe. There is immense potential for this product to make its place in the local and global markets.

India M&A Activity at Three-Year High, Shows Data

Merger and acquisition (M&A) activity in India reached a three-year high with deals worth $90.4 billion struck in the first nine months of 2021, a 35.1% increase compared to the same period a year ago, according to a report by financial markets tracker Refinitiv. The deal

Alibag’s Famed White Onion Gets GI Tag

The famed white onion of Alibag in Maharashtra’s Raigad district has earned itself a ‘Geographical Indication’, giving the crop a unique identity and wider markets, agriculture department officials said here on Saturday.

9th Meeting of the India-UAE High Level Joint Task Force on Investments

His Highness Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Council of the Emirate of Abu Dhabi, and Shri Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, Government of India, co-chaired the ninth meeting of the UAE-India High Level Joint Task Force on Investments (‘the Joint Task Force’) on 2nd October 2021 in Dubai. Senior officials representing relevant government authorities and various investment entities from both countries took part in the meeting.

“India has Become the First Country in the World to Start Commercial Production of Nano Urea”: Shri Mansukh Mandaviya

In the presence of Union Minister of Chemicals & Fertilizers and Health & Family Welfare Shri Mansukh Mandaviya, a practical field trial of Drone Spraying of Nano Liquid Urea was conducted in Bhavnagar, Gujarat. The trial was attended by a large number of farmers. This demonstration of spraying liquid nano urea by drone was undertaken by IFFCO, a company involved in developing nano urea.

Major Road Projects Launched in Ladakh to be Constructed by BRO

On a landmark day for the Union Territory of Ladakh and its people, construction on 05 major road infrastructure development projects was launched by His Excellency the Governor of Ladakh Shri Radha Krishna Mathur, from Turtuk, the northernmost village of India. The ground breaking ceremony was also attended by the Chief Executive Councillor, Leh Mr TashiGyalson, MP Ladakh Mr Jamyang Tsering Namgyal, Defence Secretary Mr Ajay Kumar and Director General Border Roads Lt Gen Rajeev Chaudhry besides overwhelming villagers from nearby areas.