Indian Development News 🇮🇳
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Defence Acquisitions Council gives preliminary approval (acceptance of necessity) to military modernisation projects worth Rs 76,000 crores

For Indian Army DAC accorded fresh AoNs for procurement ⬇️
- Rough Terrain Fork Lift Trucks (RTFLTs) - Bridge Laying Tanks (BLTs)
- Wheeled Armoured Fighting Vehicles (Wh-AFVs) with Anti-Tank Guided Missiles (ATGMs)
-Weapon Locating Radars (WLRs) through domestic sources.

For Indian Navy DAC accorded AoN for procurement of Next Generation Corvettes (NGC) at an estimated cost of approx. Rs 36,000 crore.

DAC accorded AoNs for manufacturing of Dornier Aircrafts and Su-30 MKI
aero-engines by Navratna CPSE, Hindustan Aeronautics Limited.

‘Digital Coast Guard’ project under ‘Buy (Indian) Category has been approved by the DAC. Under this project, a pan India secure network for digitising of various surface and aviation operations, logistics, finance and HR processes in Coast Guard will be established.

#Defence #MakeInIndia #aatmanirbharbharat
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Indian govt refineries negotiating 6 months deal with Russia.

State refiners want more Russian crude directly from Rosneft

Russia will soon become India's defacto number one source of oil.

🇮🇳🤝🇷🇺

#Oil #Energy
https://t.co/2Vll2xIXlt
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Automobile giant Tata Motors has bagged India’s biggest electric vehicle (EV) fleet order of 10,000 vehicles from BluSmart Electric Mobility.
As a part of the agreement, Tata Motors will deliver 10,000 XPRES T EVs to this Deepika Padukone-backed all-electric cab service company. BluSmart Electric Mobility had previously ordered 3,500 XPRESS T #EV in October last year and the current order is an addition to this.

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⚡️⚡️Bharat successfully test fires Agni-4 Nuclear capapable Intermediate Range Ballistic Missile from APJ Abdul Kalam Island, Odisha.

Nuclear-capable long-range ballistic missile Agni-IV, has a strike range of 4,000 km.

#Defence
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90% of the land required for the Ahmedabad-Mumbai bullet train project has been acquired. NHSRCL also said that 98.79% of the land required in Gujarat has been acquired, while the figure stands at 71.49% in Maharashtra. The land required in Dadra and Nagar Haveli has been fully acquired.
#Infra

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India’s #exports to the GCC have increased by 58.26 per cent to about USD 44 billion in 2021-22 against USD 27.8 billion in 2020-21, according to the data of the commerce ministry.

The share of these six countries in India’s total exports has risen to 10.4 per cent in 2021-22 from 9.51 per cent in 2020-21.

Similarly, imports rose by 85.8 per cent to USD 110.73 billion compared to USD 59.6 billion in 2020-21, the data showed.

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Indian Development News 🇮🇳
Photo
Indian Navy's 🇮🇳 New Generation Corvette(NGC) will have higher firepower 🚀 and longer range 🎯 than Pakistan Navy's 🇵🇰 Babur class Corvettes or 🇨🇳 PLAN's Type-056 corvettes
#Defence #aatmanirbharbharat
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Countries/entities who summoned Indian Ambassador in their respective countries reacted after comments by now suspended members of ruling party

Summoning:
1. Qatar
2. Kuwait
3. Iran
4. Pakistan

Statements:

5. Saudi Arabia
6. Bahrain
7. UAE
8. Oman
9. Jordan
10. Indonesia
11. Maldives
12. Libya
13.Iraq

Entities (via statement)

14. Afghanistan's Taliban
15. Org of Islamic cooperation(Secretariat)
16. Gulf Cooperation Council(GCC)

#Geopolitics
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Karnataka Bags Another Mega Deal In Renewables, Indian Group ACME To Set Up $6.7 Billion Green #Hydrogen And Ammonia Plant

Earlier in May, Karnataka signed a $6.4 billion agreement with U.S.-listed ReNew Power over a 7-year period on energy projects.

#MakeInIndia #Energy
https://t.co/6AXbPxEWqQ
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Over 90 per cent of the total land required for the ambitious Ahmedabad-Mumbai bullet train project spread across Gujarat, Maharashtra and the Union Territory of Dadra and Nagar Haveli has been acquired

From Gujurat - 98.79%
From Maharashtra - 71.49%

8 stations in Gujurat are in various stages of construction whereas the work on 4 stations in Maharashtra is yet to start.

#Railways #Infra
https://t.co/WqE1s8WQJR
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In a first, #Coal India Ltd offers its 20 closed underground mines to private players under Mine Developer-cum-Operator (MDO) contract, revenue Sharing

#Mining #Energy
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After a long time India gets 101th unicorn

Edtech firm PhysicsWallah has become India's 101st #unicorn after it raised $100 million in its Series A funding, taking the company’s valuation to $1.1 billion.

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Adani Group to set up hyper-scale data centre at Bengal Silicon Valley

After its foray into ports, Adani Enterprises is all set to enter the Information Technology (IT) sector in West Bengal. The group will set up a data centre in the New Town area in the northern outskirts of Kolkata. The decision was approved by the Bengal cabinet on Monday.

Announcing the project, West Bengal Industry Minister Partha Chatterjee said Adani group will set up Bengal Tech Park, a new subsidiary company to set up a hyper-scale data centre on an area of 51.75 acres inside the Bengal Silicon Valley hub in New Town.

@DevelopmentNewsIndia
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BREAKING: China🇨🇳 secretly building PLA naval facility in Cambodia🇰🇭, with both countries at pains to conceal Chinese military presence, Western officials say.

Big threat to Malacca strait. China could also forward deploy warships incl. SSNs to waters near A&N Islands from this base much more frequently

#InternationalNews #Geopolitics
https://t.co/LZHmc2Jmwf
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According to sources, hit by supply disruptions, both Europe and Russia’s defence and shipbuilding companies have approached Indian firms, seeking to buy and assemble components which they used to buy from each other before #UkraineRussiaCrisis.

आपदा में अवसर। 🌝

#Geopolitics #Trade #MakeInIndia
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