Indian Development News 🇮🇳
Update on Indian nationals rescued in Nepal. 21 Indian nationals from Tamil Nadu, who travelled for the Kailash Mansarovar Yatra, have been rescued in Nepal. #indiansubcontinent
63 Indian Workers rescued from Nepal who were working in Trishuli-I Project #IndianSubcontinent
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India's Merchandise Exports Rise 15% To $25 Bn In Aug 1-21
🔹 Aug 1-21 exports +15% YoY to >$25 bn; FY26 till Aug 21 crosses $200 bn
🔹 Apr-Jul exports $173.78 bn, +17.04%; July alone $44.24 bn, +19.63%
🔹 Drivers: petroleum products, electronics (mobiles), engineering goods; textiles under pressure
🔹 Rupee depreciation adds competitiveness vs rivals
🔹 Top growth mkts: China, SE Asia, Africa in Apr-Jul; engineering exports July +18% to $12.2 bn
🔹 Govt target: $1 tn total exports in FY27; $530 bn goods + $470 bn services vs $863 bn in FY26
#Economy #Exports
🔗 Economic Times
🔹 Aug 1-21 exports +15% YoY to >$25 bn; FY26 till Aug 21 crosses $200 bn
🔹 Apr-Jul exports $173.78 bn, +17.04%; July alone $44.24 bn, +19.63%
🔹 Drivers: petroleum products, electronics (mobiles), engineering goods; textiles under pressure
🔹 Rupee depreciation adds competitiveness vs rivals
🔹 Top growth mkts: China, SE Asia, Africa in Apr-Jul; engineering exports July +18% to $12.2 bn
🔹 Govt target: $1 tn total exports in FY27; $530 bn goods + $470 bn services vs $863 bn in FY26
#Economy #Exports
🔗 Economic Times
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Yantra India Limited is investing over ₹750 crore to upgrade its Metal and Steel Factory in Ishapore with a new hydraulic press and radial forging plant, aimed at boosting domestic defense manufacturing of gun barrels and specialized components. This modernization effort is set to reduce foreign imports while strengthening regional MSME ecosystems. #MakeinIndia #Steel
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Gujarat Unveils Flexible Industrial Policy, Thrust On R&D & Relocation
🔹 Units can pick own mix of capital, interest, power tariff subsidies up to ceiling
🔹 Sector-agnostic policy; 21 thrust sectors get extra benefits
🔹 No min capex barrier; even micro enterprises eligible
🔹 R&D push: Gujarat Research & Innovation Park; first 5 centres (≥₹300 cr) get higher capex support
🔹 Other entrants still get opex, IPR, patent support
🔹 Project THRIVE: incentives to shift units from urban to planned estates; lower transfer fees, relaxed FSI, wage & housing support
🔹 Workforce housing: 80% cost support up to ₹40 cr for dorms, working women hostels near clusters
🔹 Women entrepreneurs: return-to-work accelerator, rental aid, +1% interest subsidy
🔹 Startups: ₹25k/month for 1 yr (₹30k if woman co-founder; 2 yrs for high-tech/biotech/green); seed support up to ₹50 lakh
#Policy
🔹 Units can pick own mix of capital, interest, power tariff subsidies up to ceiling
🔹 Sector-agnostic policy; 21 thrust sectors get extra benefits
🔹 No min capex barrier; even micro enterprises eligible
🔹 R&D push: Gujarat Research & Innovation Park; first 5 centres (≥₹300 cr) get higher capex support
🔹 Other entrants still get opex, IPR, patent support
🔹 Project THRIVE: incentives to shift units from urban to planned estates; lower transfer fees, relaxed FSI, wage & housing support
🔹 Workforce housing: 80% cost support up to ₹40 cr for dorms, working women hostels near clusters
🔹 Women entrepreneurs: return-to-work accelerator, rental aid, +1% interest subsidy
🔹 Startups: ₹25k/month for 1 yr (₹30k if woman co-founder; 2 yrs for high-tech/biotech/green); seed support up to ₹50 lakh
#Policy
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INS Samarthak – The first indigenous multi-purpose vessel of Indian Navy
🔹Samarthak, the first Multi-Purpose Vessel (MPV), built by Larsen & Toubro Ltd. (L&T), Kattupalli, was delivered to the Indian navy.
🔹The ship comprises over 75 percent indigenous content and has been conceived as a versatile trial and evaluation platform.
🔹Further, the ship is engineered to perform maritime surveillance and reconnaissance, Offshore patrolling and support Humanitarian Assistance and Disaster Relief operations, when required. #Defence
🔹Samarthak, the first Multi-Purpose Vessel (MPV), built by Larsen & Toubro Ltd. (L&T), Kattupalli, was delivered to the Indian navy.
🔹The ship comprises over 75 percent indigenous content and has been conceived as a versatile trial and evaluation platform.
🔹Further, the ship is engineered to perform maritime surveillance and reconnaissance, Offshore patrolling and support Humanitarian Assistance and Disaster Relief operations, when required. #Defence
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Indian Development News 🇮🇳
Photo
Thoothukudi is establishing two major space industrial parks to support the upcoming Kulasekarapattinam spaceport:
The 890-acre Propellant Park in Kulasekarapattinam for rocket propellant manufacturing (DPR and land acquisition underway; MoUs signed with Premier and Solar Explosives)
The Space Manufacturing Park in Allikulam for end-to-end rocket and satellite production, featuring a TIDCO/IN-SPACe Common Technical Facility and MoUs with Agnikul Cosmos and Skyroot Aerospace. #Space
The 890-acre Propellant Park in Kulasekarapattinam for rocket propellant manufacturing (DPR and land acquisition underway; MoUs signed with Premier and Solar Explosives)
The Space Manufacturing Park in Allikulam for end-to-end rocket and satellite production, featuring a TIDCO/IN-SPACe Common Technical Facility and MoUs with Agnikul Cosmos and Skyroot Aerospace. #Space
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🛫🇮🇳 India's Cochin Airport expands green footprint with 50 MWp solar plant.
#energy #solar
Key Highlights -
🔘 World’s first fully solar-powered airport
🔘 250M+ units green power generated
🔘 1.6M tonnes CO₂ avoided
🔘 Solar farms, rooftops, carports + floating solar
🔘 Adding hydropower, EVs & green-hydrogen
#energy #solar
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India To Roll Out $1.4 Bn Scheme For Battery Components
🔹 Fresh incentive worth ₹13,000 cr ($1.37 bn) for advanced battery component makers
🔹 Covers 5 key parts: anode & cathode active materials, electrolytes, separator film, copper foil
🔹 Aim: cut dependence on China; most cell makers currently import these parts
🔹 To complement ₹18,100 cr ACC PLI scheme; addresses supply chain snags for local cell makers
🔹 Proposal headed to Finance Ministry's Expenditure Finance Committee after inter-ministerial talks
🔹 Push for energy security, EV & storage; India needs 200kT AAM + 400kT CAM by 2030 for 223 GWh capacity
#Policy #Batteries
🔗 Economic Times
🔹 Fresh incentive worth ₹13,000 cr ($1.37 bn) for advanced battery component makers
🔹 Covers 5 key parts: anode & cathode active materials, electrolytes, separator film, copper foil
🔹 Aim: cut dependence on China; most cell makers currently import these parts
🔹 To complement ₹18,100 cr ACC PLI scheme; addresses supply chain snags for local cell makers
🔹 Proposal headed to Finance Ministry's Expenditure Finance Committee after inter-ministerial talks
🔹 Push for energy security, EV & storage; India needs 200kT AAM + 400kT CAM by 2030 for 223 GWh capacity
#Policy #Batteries
🔗 Economic Times
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Nepal Police have issued an alert; tweets, "Information has been received that the water dam on the Tibetan side has burst again. Therefore, all security personnel, rescue workers involved in rescue and relief operations, and the general public are requested to remain immediately alert and move to safe locations or notify others. #IndianSubcontinent
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Vantortech imagery shows the Rasuwagadhi crossing between Nepal and China completely wiped out by the glacial flood. #IndianSubcontinent
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IIT Bombay is leading a consortium to create a wafer-scale two dimensional material for #quantum devices.
#Research #semiconductor
#Research #semiconductor
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Indian Development News 🇮🇳
Ministry of Defence has initiated efforts in a concerted manner to co-join the 6th Generation Fighter Aircraft Development Programme viz. Future Combat Air System (FCAS) spearheaded by the French Government”: Ministry of Defence to Standing Committee on Defence…
UK confirms India has joined as dialogue partner in 6th generation GCAP fighter program.
Tempest is a 6th generation fighter jet joint program between UK, Japan and Italy.
Looks like India is wary of France's FCAS after their repeated hesitation to share Rafale tech access with India,so India is betting on an alternative.
#ForeignAffairs #Defence
https://www.tribuneindia.com/news/top-headlines/india-gets-dialogue-partner-status-in-sixth-generation-jet-project/
Tempest is a 6th generation fighter jet joint program between UK, Japan and Italy.
Looks like India is wary of France's FCAS after their repeated hesitation to share Rafale tech access with India,so India is betting on an alternative.
#ForeignAffairs #Defence
https://www.tribuneindia.com/news/top-headlines/india-gets-dialogue-partner-status-in-sixth-generation-jet-project/
The Tribune
India gets ‘dialogue partner’ status in sixth-generation jet project - The Tribune
India has joined as a ‘dialogue partner’ in the sixth- generation fighter jet programme being run jointly by the UK, Japan and Italy.
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Indian Development News 🇮🇳
🇮🇳 has submitted letter of request to 🇺🇸 for co-production of Javelin ATGMs - Development is aligned with ‘Make In India’ initiative - Ensures operational readiness & reduces dependability on foreign support. Talks are in advance stage. - In touch with 🇺🇸…
India to buy Javelin ATGMs from US under emergency procurement. #Defence
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रक्षाबंधन के पावन अवसर पर सभी को हार्दिक शुभकामनाएं।
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Indian Development News 🇮🇳
GX Group’s ₹500 cr photonics chip arm in India targets 3 mn chips / yr by FY27, serving 5G/6G & quantum comms. Backed by SMART Photonics BV (Netherlands), it’ll make InP-based PICs for Airtel, ACT & Tata Play. India’s entry into $50 bn photonics market. #semiconductor…
GX Group To Start Advanced Photonics Facility From Dec 2026
🔹 Phase-1 gets govt approval under ECMS - ₹100 cr out of ₹500 cr initial investment
🔹 Product: Optical Transceiver SFP, TOSA, ROSA - critical for fibre, 5G/6G, AI data centres
🔹 Subsidiary GX Quantum Photonics to lead - facility at Bhiwadi, Rajasthan; R&D at Chennai
🔹 To create ∼200 highly skilled jobs; targets 90%+ local value addition
🔹 Currently imported; move to cut import dependence, boost data transmission speed
🔹 Next steps: photonics packaging, photonic chip design, Indium Phosphide PICs with SMART Photonics BV
#MakeinIndia #Telecom
🔗 Economic Times
🔹 Phase-1 gets govt approval under ECMS - ₹100 cr out of ₹500 cr initial investment
🔹 Product: Optical Transceiver SFP, TOSA, ROSA - critical for fibre, 5G/6G, AI data centres
🔹 Subsidiary GX Quantum Photonics to lead - facility at Bhiwadi, Rajasthan; R&D at Chennai
🔹 To create ∼200 highly skilled jobs; targets 90%+ local value addition
🔹 Currently imported; move to cut import dependence, boost data transmission speed
🔹 Next steps: photonics packaging, photonic chip design, Indium Phosphide PICs with SMART Photonics BV
#MakeinIndia #Telecom
🔗 Economic Times
ETTelecom.com
GX Group's advanced photonics facility to commence operations from Dec
GX Group is set to launch its state-of-the-art photonics facility in December, aiming to manufacture essential optical components and reduce reliance on imports, creating 200 skilled jobs in the process.
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Hindalco Commissions India's First Superfine PPT ATH Plant In Karnataka
🔹 Greenfield plant at Belagavi, Karnataka - India's first for superfine PPT ATH
🔹 Phase-1 capacity 30,000 TPA, expandable to 60,000 TPA in phases
🔹 Can meet nearly entire domestic demand for safer wire & cable compounds
🔹 High-value halogen-free flame retardant for HFFR cables, EVs, polymer insulators, paints
🔹 World's only specialty alumina plant running 100% on renewable - biomass, solar, wind
🔹 Boosts Atmanirbhar Bharat, cuts import dependence; product branded InnoSafe
#MakeinIndia
🔗 Official Press Release
🔹 Greenfield plant at Belagavi, Karnataka - India's first for superfine PPT ATH
🔹 Phase-1 capacity 30,000 TPA, expandable to 60,000 TPA in phases
🔹 Can meet nearly entire domestic demand for safer wire & cable compounds
🔹 High-value halogen-free flame retardant for HFFR cables, EVs, polymer insulators, paints
🔹 World's only specialty alumina plant running 100% on renewable - biomass, solar, wind
🔹 Boosts Atmanirbhar Bharat, cuts import dependence; product branded InnoSafe
#MakeinIndia
🔗 Official Press Release
hindalco.com
Hindalco Commissions India’s First Superfine PPT ATH Plant, Strengthening India’s Self-Reliance in Cable Fire Safety | Press release…
Hindalco commissions India’s first superfine PPT ATH plant, strengthening domestic manufacturing and self-reliance in cable fire safety materials and solutions.
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