JSW Steel, India’s top iron ore importer, plans to phase out imports as domestic mines ramp up. Currently 40% from captive mines.

Will bid for more mines, invest in logistics & pipelines. Capacity to rise to 55 mt by 2030.

Goal: cut global price risks & boost domestic share. #MakeinIndia #Economy

At the ET World Leaders Forum, EAM S Jaishankar, when asked about the Saudi-Pakistan MECCA defence pact,

He said when you call something a defence pact, you have to look at whether the signatories had live military situations and whether anyone came to their aid, and "not everybody has come to everybody's aid." So the report of the pact doing nothing in a real crisis is the answer, comparisons are not fair/relevant, and while India notes any defence/tech cooperation between unfriendly players, he won't publicly bare his strategic calculus.

#GeoPolitics

At The Economic Times World Leaders Forum, EAM S Jaishankar argued that

politics suffers from amnesia and criticism that India has "lost" its neighbourhood is a political fantasy. Citing a recent poll where 79% Sri Lankans viewed India favourably despite the difficult IPKF period, he said problems existed even before - Indian company expelled in Maldives, anti-India terrorists sheltered in Dhaka, anti-India politics in Nepal during and after the monarchy. Such ups and downs are natural for a big country with smaller neighbours, and the best fix is deeper economic cooperation and mutual dependence that stabilises ties, though it won't solve everything.

#GeoPolitics

Goyal Pitches Singapore As Agri-Export Hub 🌾

🔹 APEDA-FairPrice roadshow at City Square Mall to push Indian agri & processed foods
🔹 Products: organic, fresh/frozen fruits & veggies, dairy, cashew, rice, millet
🔹 Singapore as springboard to ASEAN & Australia markets
🔹 Visit part of 4th India-Singapore Ministerial & Business Roundtable
#Economy #Exports #Agriculture

🔗 Economic Times

Escorts Kubota invests Rs 2,000 crore in a new Uttar Pradesh plant to manufacture tractors, farm implements, and construction equipment for international markets.
#automobile #MakeinIndia
source

India's First Large-Scale Sugarcane-Based Biopolymer Plant In UP Nears October Launch

🔹 ₹3,080 cr plant by Balrampur Chini Mills at Kumbhi, — 80,000 TPA capacity
🔹 World's first fully integrated site: sugarcane to PLA bioplastic on single campus
🔹 Powered by 100% renewable energy, Zero Liquid Discharge system — no waste to rivers
🔹 To replace banned single-use plastic — trays, cutlery, straws, curd cups, bottles. #MakeinIndia #
#Industries

🔗 Swarajya

NIA is set to serve summons to Pakistan backed Terrorist Group Lashkar-e-Taiba Chief Hafiz Saeed through diplomatic channels in Lahore in the Pahalgam terror attack case. #IndianSubcontinent

🇮🇷🤝🇮🇶 Reports says Iran has approved the passage of several Iraqi oil tankers through the Strait of Hormuz after Baghdad made repeated requests via multiple diplomatic channels.

#InternationalNews

EAM S. Jaishankar holds talks with Foreign Ministers of Greece & Egypt #ForeignAffairs

India say Panama Flagged Vessel traveling from Odisha to Singapore carrying 20 Chinese, 3 Myanmar natl & 1 Bangladeshi National has gone missing in North Bay of Bengal; 2 crew members recovered.

India Coast guard deploys 3 ships- ICGS Varad, ICGS Anmol & ICGS Vijit for rescue operations.

#Maritime

Pune-based Thrustworks Dynetics has successfully test-fired India’s first Resonance Ignition System, achieving TRL 6.

The system uses shockwaves to trigger ignition, removing the need for an external ignition source, electricity or moving parts. #Avation

Chhattisgarh Clears 45 Mineral Blocks: 35 For Critical Minerals ⛏️

🔹 45 exploration projects cleared for 2026-27
🔹 35 focused on lithium, graphite, rare earths, strategic minerals
🔹 Focus on southern Bastar region
🔹 GSI Raipur to handle 25 projects
🔹 2025-26 added 2,590 MT limestone, 32 MT iron ore
#Mining #Minerals

🔗 Economic times

Govt To Amend Investment Treaty To Woo Global Players 🌍

🔹 Model BIT to cut local remedy wait from 5 yrs to 1 yr
🔹 Definition of investment to shift to asset-based — shares, equity 5 yrs+
🔹 Cabinet note moved by FinMin to amend 2015 model
🔹 Carveouts for subsidies, local govt measures, compulsory licensing
🔹 Push to finalize BITs with UK, EU, Saudi, Qatar
#Policy #Finance

🔗 TOI

DLI-Backed Chip Firms Raise $100M, Clock 35 Tape-Outs 🚀

🔹 DLI startups raise $100M+ VC, 35 tape-outs done
🔹 Chennai's Aheesa hits first-pass success with VIHAAN SoC — broadband chip
🔹 Chips for satellite, drones, defence, auto, IoT, AI, telecom, surveillance
🔹 DLI scheme launched 2022 — ₹1,000 cr outlay under Semicon India.
#Semiconductor

🔗 TOI

RBI Special Schemes Rake In $72.8B Forex Since June 8 Window

🔹 Total inflows $72.8B till Friday via 3 forex programs
🔹 FCNR(B) dominates at $65.39B — targeted at diaspora
🔹 ECBs $2.59B, overseas foreign currency borrowings $4.86B
🔹 Reserves up 7 weeks, $50B since July — $9.9B hike to $716.9B till Aug 14
🔹 Banks added $13B in 1 week via FCNR(B) — window advanced to Aug 31
#Economy #Financials

10 days after both Houses of Parliament were adjourned sine die, the Monsoon session is yet to end formally, giving rise to speculation that the Government wants to pass a key legislation without convening a new session.

Usually #Parliament is Prorogued within 3-4 days after End of a specific Session.

This week in Indian Diplomacy:

- PM Modi's expected Central Asia visit, including Kyrgyzstan for SCO summit 🇺🇿🇰🇬

- EAM Jaishankar in Russia for Inter-Govt Commission meet with 🇷🇺 FM Sergey Lavrov

- NSA Ajit Doval in China for India-China Special Representatives (SR) talks with 🇨🇳 FM Wang Yi

#Geopolitics

Northeast India Looks To Emerge As Space Tech Gateway To Southeast Asia

🔹 Upcoming Space Workshop 2026 in Guwahati will spotlight innovation and collaboration.
🔹 NESAC Umiam driving 130 space projects — border mapping, flood warning, resource management
🔹 ISRO + DoNER push — 800 students/year via SPARKS, agri/disaster apps
🔹 Digital infra push — ₹38,000 cr opportunity, fibre/cloud/AI as gateway to ASEAN
#Space

🔗 Economic times

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Govt Moves To Link Siloed Govt Data For Smarter Policy

🔹 900M+ health accounts, 250M students, 310M e-Shram workers, 90M MSMEs — data exists but not interconnected to each other
🔹 MoSPI-led harmonization — common metadata, quality checks, unique identifiers, cataloguing to make data interoperable
🔹 AI + linked data = connect child nutrition to learning, health to welfare; one entry answers questions across departments
🔹 To become experts in data-driven governance — with DPDP Act safeguards for privacy
#Policy

Govt Plans New PLI For Polysilicon To Cut China Dependence ☀️

🔹 Scheme to cover 10-30 GW capacity — needs ₹25,000 cr investment by 2030
🔹 India 100% dependent on China for polysilicon — key for solar PV
🔹 India has 200+ GW module, 32 GW cell capacity — 80 GW wafer/ingot target by 2028
🔹 Aims integrated chain: polysilicon → ingot → wafer → cell → module
#Policy #Solar

🔗 Mint