Hfcl Consolidates Defence Business Under New Multi-domain Platform, Backed By ₹1,570 Crore Export Order Book
HFCL has announced a major expansion and consolidation of its defence business, bringing multiple capabilities
News on Indian Economy
HFCL has announced a major expansion and consolidation of its defence business, bringing multiple capabilities
India has commissioned around 8,000 tonnes per annum (TPA) of green hydrogen production capacity as
Indian Railways has begun the final location survey for a proposed new railway line between
India’s transition towards clean energy has received a major boost under the PM Surya Ghar
According to the government, the primary objective of BADP has been to support the well-being of border communities by creating essential infrastructure through convergence with central, state, Union Territory and local schemes. The programme has supported projects related to health, education, roads, agriculture, sports, drinking water, sanitation, the social sector and small-scale industries. The government noted that the scheme is currently in its sunset phase.
A major component of the scheme is the development of airport infrastructure. Under Modified UDAN, the government plans to develop 100 airports from existing unserved airstrips, with an estimated capital expenditure of Rs. 12,159 crore over the next eight years. This expansion is aimed at building a more competitive aviation ecosystem and ensuring that more regions are brought into the country’s air connectivity network.
The State Farmers Registry under the AgriStack digital public infrastructure is designed to cover all landholding farmers, including women farmers engaged in agriculture, livestock, and fisheries, and provides them with a digital identity in the form of a Farmer ID.
The proposed Self Help Entrepreneur Marts are envisioned as structured retail spaces where products made by SHG members can be displayed and sold directly, giving rural women producers a more visible and reliable platform in the marketplace.
To ensure uninterrupted movement, the Centre is also holding regular coordination meetings with the Ministry of Railways for the availability of sufficient rakes and priority transportation of fertilizers. In cases where demand-supply gaps are anticipated, advance imports are undertaken to maintain adequate stocks. Distribution within states continues to be managed by the respective state governments.
The government said India’s export growth has remained broad-based and consistent over the past few years. Between FY 2021–22 and FY 2024–25, exports grew at a compound annual growth rate of 6.9 per cent, rising from USD 497.90 billion in 2020–21 to USD 828.25 billion in 2024–25. Officials said this sustained expansion underlines India’s emergence as a resilient and diversified player in global trade, capable of maintaining growth even amid challenging international conditions.