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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102675) | |
21211. Steel decks fixed for MTHL, India’s longest sea bridge
- India’s longest sea bridge finally seems to be taking shape as work on erecting the first pair of Orthotropic Steel Decks (OSD) for the Mumbai Trans-Harbour Link project connecting Sewri with Nhava Sheva was successfully completed.
- The erection of the Orthotropic Steel Decks marks a milestone event as it is one of the most complex construction activities of the Phase-I works which is being carried out by the L&T-IHI Consortium. Phase-I Package-1 involves construction of 10.38 kms of long bridge across the Mumbai Bay including Sewri Interchange at Mumbai Side.
- OSD is a steel deck superstructure, strengthened or stiffened both transversely and longitudinally, which will carry the vehicular load more efficiently among three planes and improve the load-carrying capacity of the bridge as compared to concrete superstructures.
21212. IAF goes with Tejas to the Singapore Air Show; More Asean countries interested in the LCA
- Even as India awaits a final response from Malaysia which is in the midst of taking a decision regarding low cost fighter jets for its Air Force, later next month, the Indian Air Force (IAF) will fly the indigenous Light Combat AirCraft (LCA) `Tejas’ MK-I at the Singapore AirShow.
- On Saturday (Feb 12, 2022), a contingent of 44 members reached Changi International Airport in Singapore. They will participate in the Singapore AirShow which is a biennial event from Feb 15-18, 2022. This airshow, considered to be amongst the top amongst the Asean countries, provides a platform for the Global Aviation industry to showcase their products.
- The Asean member countries are looking towards India for low cost platforms. With the successful firming up of the BrahMos Missile deal with the Philippines recently, and Malaysia in the process of announcing its decision next month, there is a lot of interest in this aircraft
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21213. Coal India mulls bulk exports for first time
- Coal India Ltd. (CIL), the world’s largest coal miner, plans to directly export output to neighbouring countries, according to sources and documents seen by Reuters, after decades of exclusively supplying domestic consumers.
- The state-run firm plans to export to Bangladesh, Nepal and Bhutan, according to a draft policy sent to the Secretary of India’s Coal Ministry and reviewed by Reuters, as a part of India’s ‘neighbourhood-first’ policy which seeks to counter China’s growing economic influence in South Asia.
- The proposal was confirmed by Coal India’s chairman to Reuters this week, although a critical coal shortage in India now means the first such shipments would be unlikely until the end of this year. “We would have ideally wanted to start exporting this financial year (ending March 2022), if not for the energy crisis,” Coal India Chairman Pramod Agrawal told Reuters.
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21214. 'Made in India' iPhones make Apple's 70% domestic market sales
- In a major push towards ‘Make in India’, Apple Inc is manufacturing 70 per cent of the mobile phones, in value terms, that it sells in the domestic market, in India
- This is a sharp rise from the figure of 30 per cent just two years ago
- and marks a major shift in Apple’s strategy following the government’s Production Linked Incentive (PLI) scheme that kicked off in FY’21
21215. ‘NewSpace in India will need private sector as co-traveller
- To enhance India’s share in the global space economy and develop into a space power to reckon with — India will need the private sector to be a co-traveller in the new journey . Speaking at the conference jointly organised by the CII, Isro, Antrix and New Space India Limited (NSIL), Isro
- chairman K Sivan said: “Internationally, collaboration is increasing in the sector and space can no longer be confined to government efforts in India. NSIL CMD Radhakrishnan D, said: “Space is a very complex and capital intensive sector that takes decades of effort to create an ecosystem which the DoS has done.
- Rajan Navani, chairman, CII India@75 Council, said that the CII will give full support to NSIL and work closely on converting opportunities into growth. A dedicated Australian country session will be held on September 23, exploring commercial collaboration opportunities between Australia and India with further high-level government and business participation.
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21216. Made in India vodka comes of age
- It’s good to talk to people who are not launching yet another gin. At least, not yet. Instead, Vrun Murpana and Varna Bhat aim to occupy a cosy niche with their recently launched premium vodkas. Murpana, 28, says that he had always been interested in the craft behind alcohol, and, while studying in the US a few years ago, he often wondered about why there was not too much of a choice with vodka back home
- You have cheap vodka and you have the really expensive ones. Even Absolut, which is very affordable in the US, is pricey in India. I wanted to make a quality vodka that could bridge this gap,” says Murpana. Murpana’s Sonaar Beverages and Bhat’s Blisswater Industries are not the first ones to take the craft-oriented approach to vodka in India.
- NV Group’s Varun Jain should get the credit for that. In 2019, Jain launched Smoke Vodka, which is distilled from basmati rice and charcoal filtered and available in two flavours: classic and aniseed. They might bring vibrancy into the market, but at the moment, in India, they don’t have the appeal and bounce of gin," Achanta says. "As more brands enter, with hopefully their own unique propositions, it just might get the consumer to give this category a relook though
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21217. Union Cabinet Likely To Clear Scheme To Setup Seven Mega Textile Parks Within Next Two Weeks
- In a big Make in India policy push for the country's textiles sector, the Union Cabinet headed by Prime Minister (PM) Narendra Modi is likely to approve the proposed scheme to setup seven mega investment textile parks (MITRA) within the next fortnight, reports Economic Times.
- The parks have been proposed to be set up in a span of three years over an area of 1,000 acres in line with such similar parks in China and Vietnam. These parks will also have uninterrupted water and power supply, common utilities and research and development (R&D) laboratories. It should be noted that this comes just days after the Union Cabinet cleared the Rs 10,683 crore production-linked incentive (PLI) scheme for the textile sector. The scheme is likely to lead to investments of over Rs 19,000 crore.
- The MITRA parks, announced in the Budget 2021-22, are expected to enable the textile industry to become globally competitive, attract large investments, boost employment generation and export
21218. Govt wants Tesla to first start production in India before any tax concessions can be considered: Sources
- Govt wants Tesla to first start production in India before any tax concessions can be considered: The heavy industries ministry has asked US-based electric car major Tesla to first start manufacturing its iconic electric vehicles in India before any tax concessions can be considered, government sources said.
- Tesla has demanded reduction in import duties on electric vehicles (EVs) in India. At present, cars imported as completely built units (CBUs) attract customs duty ranging from 60 per cent to 100 per cent, depending on engine size and cost, insurance
- The company has argued that these proposals would not have any negative impact on the Indian automotive market as no Indian OEM currently produces a car (EV or ICE) with ex-factory price above $40,000 and only 1-2 per cent of cars sold in India
- Union Minister Nitin Gadkari had said Tesla has a golden opportunity to set up its manufacturing facility in India given the country's thrust on e-vehicles. Tesla is already sourcing various auto components from Indian automakers and setting up base
21219. India to give $3.5 bln in revised clean tech scheme for automakers.
- India to give $3.5 bln in revised clean tech scheme for automakers. The scheme was redrawn to focus on companies that build electric and hydrogen fuel-powered vehicles. the government's original plan was to give about $8 billion to automakers and part manufacturers to promote mainly gasoline technology, with added benefits for electric vehicles (EVs).
- India sees clean auto technology as central to its strategy to reduce its oil dependence and cut the debilitating pollution in its major cities, while also meeting its emissions commitment under the Paris Climate Accord
- The official did not specify those conditions, and India's industry and finance ministries did not immediately respond to an email seeking comment Details of the scheme, part of India's broader $27 billion programme to attract global manufacturers, could be made public as early as next week, the two sources said.
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21220. Go global: Rolls-Royce, HAL pact for Adour engine parts
- Rolls Royce and Hindustan Aeronautics Limited (HAL) signed a “Make in India” agreement on Tuesday to manufacture parts for Rolls-Royce’s Adour engines that will support the UK-headquartered company’s international defence customer base. HAL has manufactured and supported Adour engine variants, under licence from Rolls-Royce, over several decades. However, Rolls-Royce now aims to strengthen the spares and maintenance ecosystem for Adour engines in India.
- Kishore Jayaraman, who heads Rolls-Royce in South Asia, said: “We are going to supply through multiple companies. HAL is only the first supplier we have signed a contract with, but we are looking at an entire supply chain ecosystem,” he said
- Rolls-Royce underscores a three-point aim in the current initiative. The first is to equip Indian manufacturers with the knowhow, processes and experience to build complex parts that require a lot of high-technology processes. Exporting parts from India would enhance supply chain efficiency and benefit Rolls-Royce’s global operators. Thirdly, since the Adour engines will continue to fly in India for the longest time, a self-sufficient supply chain would be in place to support those older engines.