Indian Development News 🇮🇳
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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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Mitsubishi Electric to launch a new factory in India with investment of approximately Rs 2,200 cr in Pune

Mitsubishi Electric Corporation announced today that it will invest approximately Rs 2,200 cr in its subsidiary Mitsubishi Electric India to launch a new factory in Pune. The new factory will manufacture inverters and other factory automation (FA) control system products to meet the growing demand in India. It will be ready by next year.

#MakeInIndia
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@DevelopmentNewsIndia
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Himachal Pradesh become the first state in the country to give a nod to drone policy.

Himachal’s #drones policy mainly focuses on creating drone-enabled technology, creation of manpower through the establishment of training schools, startup and innovation schemes, and more.

The policy aims to propagate the use of drone-enabled technology in different sectors such as defence, transport, health, agriculture and more.

#MakeInIndia
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@DevelopmentNewsIndia
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NHAI creates a Guinness World Record by constructing "75km continuous bituminous concrete road in single lane on NH-53 section between Amravati and Akola in 105 hours and 33 minutes"
#Infra

@DevelopmentNewsIndia
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"It was a small trial, just 18 rectal cancer patients ... The medication was given every 3 weeks for 6 months and cost about $11,000 per dose. The cancer vanished in every single patient, undetectable by physical exam, endoscopy, PET scans or M.R.I. scans."

#InternationalNews #Health #Medicine
https://t.co/0nQwlbrY65
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RBI announced that credit cards will now be allowed to be linked with the #UPI accounts. The implementation will begin with the indigenous RuPay credit cards, followed by other card networks such as Visa and Mastercard.

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@DevelopmentNewsIndia
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Iranian Foreign minister holds talks with Indian NSA Ajit Doval
#ForeignAffairs
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Hon’ble Raksha Mantri, Shri Rajnath Singh approves fund enhancement of Technology Development Fund (TDF) scheme from ₹ 10 Cr to ₹ 50 Cr per project for development of advanced and critical defence technologies.

The enhanced funding is in line with the budget announcement of the Government where in 25% of defence R&D budget was earmarked for industry. Technology Development Fund (TDF) scheme facilitate up to 90% of the total project cost: #DRDO

#Defence #Research
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Union Cabinet, chaired by PM approved the proposal for signing a bilateral MoU between India and the UAE on cooperation in the field of Industries and Advanced Technologies.

India-UAE bilateral trade, valued at $180 million per annum in the 1970s has increased to $60 billion making the UAE, India’s third-largest trading partner .

#ForeignAffairs
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@DevelopmentNewsIndia
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