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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102405) | |
21701. South Korean EV giant Edison Motors set to invest Rs 5,000 crore in UP
- South Korean company Edison Motors is looking to invest between Rs 3,500 crore and Rs 5,000 crore in Uttar Pradesh to set up an electric vehicle manufacturing plant in the coming months. The company is scouting for land near Lucknow and the Yamuna Expressway to set up the plant. `
- Managing director of the company, YK Lee, led a delegation to meet Chief Minister Yogi Adityanath on Monday to discuss the possibility of investing in the state. Lee said that work will be rolled out in three phases. In the first phase, the company is looking to invest Rs 500-700 crore, Rs 1,000-1,500 crore in the second phase and another Rs 2,000-Rs 3,000 in the third phase.
- it is likely that 2,000 people will be employed in the first phase, 3,000 in the second phase and about 5,000 in the third phase. The MD added that over 90% of the parts for the electric vehicles will be manufactured in UP. Not only will this help the MSME sector but would help to generate employment in the state.
21702. LOGISTICS FIRM DELHIVERY PLANS TO INVEST UP TO RS 300 CRORE, OVER TWO YEARS, FOR EXPANSION
- Our total capital investment over the next 18-24 months is going to be in the range of Rs 250-300 crore.We will continue to invest behind growing our trucking network.
- Logistics firm Delhivery is planning to invest up to Rs 300 crore in 18-24 months on expansion, including increasing fleet size and setting up of trucking hubs, in order to meet increased demand for more organised players in the sector in the wake of COVID-19 pandemic, according to a top company official.
- The company is planning to add around 150 trucks to its fleet apart from launching trucking terminals in Delhi, Mumbai and Bengaluru as it sets eyes on clocking revenue close to Rs 7,000 crore in the next 24 months, up from Rs 2,800 crore last year.
21703. Railways plans four more DFCs by 2030 with total investment of Rs 1.8 lakh crore
- To create robust infrastructure for the country’s rail freight, the Railways is planning four more dedicated freight corridors of combined length of 4,000 km at a cost of Rs 1.8 lakh crore. A detailed feasibility study is being undertaken and the report is expected to be prepared by December 2021.
- These corridors are the 1,115-km East Coast Corridor from Kharagpur to Vijayawada; the East-West corridor which comprises 1,673 km connecting Bhusaval-Nagpur-Kharagpur-Dankuni; the 195-km Rajkharswan-Kalipahari-Andal route; the fourth is the 975-km North South sub-corridor in the Vijayawada-Nagpur-Itarsi route, according to sources.
- Eastern and Western Dedicated Freight Corridors are currently being rapidly built by the Dedicated Freight Corridor Corporation of India and these are to be commissioned by 2022.
21704. Inspired by trees, IIT Gandhinagar researchers develop method to make seawater drinkable
- IIT Gandhinagar have developed a cost-effective and environment-friendly water desalination technique that can successfully remove more than 99% of salt ions and other impurities with natural processing to make seawater potable.
- This is the first such method that could controllably manipulate graphite inside aqueous solutions without damaging the structural integrity of graphite.
- The IIT Gandhinagar research is inspired by the trees' natural intake of water that uses capillary effect. Selective transport of molecules and ions is commonly observed in biological systems. Mimicking these biological channels could result in highly efficient filtration systems.
21705. ISRO to launch all weather radar imaging satellite, two small satellites on Feb 14
- The Polar Satellite Launch Vehicle, regarded as ISRO's most reliable and proven rocket is scheduled to launch three satellites at 5:59 am , February 14th. However, it must be noted that this exact launch time is subject to weather conditions.
- This mission PSLV-C52 will be launching an earth observation satellite (EOS-04), weighing 1710 kg into a sun-synchronous polar orbit of 529 km. EOS-04 is a Radar Imaging Satellite designed to provide high-quality images under all weather conditions for applications such as Agriculture, Forestry & Plantations, Soil Moisture and Hydrology, and Flood mapping.
- According to ISRO, the rocket will also carry two small satellites as co-passengers. They include one student satellite (INSPIREsat-1) from Indian Institute of Space Science & Technology (IIST) in association with the Laboratory of Atmospheric & Space Physics at the University of Colorado, Boulder, and a technology demonstrator satellite (INS-2TD) from ISRO, which is a precursor to India-Bhutan Joint Satellite (INS-2B).
21706. ReNew Power commissions Gujarat’s first wind-solar hybrid project
- ReNew Power has commissioned Gujarat’s first wind-solar hybrid project of 17.6 MW at the Chlor-Alkali unit of Grasim Industries Ltd in Vilayat, Bharuch.
- The first phase of the hybrid project, with 17.6 MW commercial-scale wind-solar, commenced operations last week and is expected to generate 80 million units of renewable energy every year, mitigating 75,000 tCO2e (carbon emissions) annually, the company said in a statement.
- The partnership will expand further with an additional 16.68 MW, which will be commissioned in the next financial year (FY23), as part of the second phase.
21707. Patna To Guwahati, Via Bengal And Bangladesh: How Modi Sarkar Intends To Unlock NE India’s Potential By Developing Waterways
- Waterways Minister Sarbananda Sonowal recently flagged off a cargo ship carrying foodgrains from Patna that will make its way through Bengal and Bangladesh to reach Guwahati’s Pandu port.
- The ship will take an estimated 25 days to travel this distance of 2,350 kilometers.
- As part of its policy to develop waterways for cheaper and ‘greener’ movement of cargo and passengers, the Modi government has been focusing on using rivers to unlock development opportunities for the landlocked Northeast region of the country.
- The ship will take an estimated 25 days to travel this distance (between Patna and Pandu) of 2,350 kilometers. Transporting cargo from Bihar to Assam through this waterway route will cost about 25 per cent less than the overland road route. Apart from being cheaper, waterways also present a ‘greener’ option since river vessels are much less polluting than trucks.
Click here to find 219 similar incidents of North East India -> Developments in North East India
21708. Japan’s Infrastructure Investment in Northeast India
- Japan has invested around $2 billion in improving infrastructure in India’s Northeast, which Tokyo sees as a crucial part of its own Free and Open Indo-Pacific Vision.
- Northeast India has become a major part of Japan’s Free and Open Indo-Pacific Vision. Japan is now a major player in the infrastructure sector in Northeast India.
- Among other projects, Japan is involved in the Guwahati Water Supply Project, the Guwahati Sewage Project (Assam), the North-East Road Network Connectivity Improvement Project (Assam-Meghalaya), the Project for Renovation and Modernization of the Umiam-Umtru Stage III Hydroelectric Power Station (Meghalaya), the Sustainable Catchment Forest Management Project (Tripura), the Project on Capacity Enhancement for Sustainable Agriculture and Irrigation Development (Mizoram), a forest management project in Nagaland, and the construction of primary schools in Manipur. Total ODA from Japan to Northeast India stood at over 231 billion yen (approximately $2 billion) as of January 2021.
Click here to find 219 similar incidents of North East India -> Developments in North East India
21709. SECI tenders 25 kW green hydrogen project for a hospital in Ladakh
- The Solar Energy Corporation of India (SECI) has invited bids to set up a 25 kW green hydrogen-based pilot project at Sonam Norboo Memorial (SNM) Hospital in the Leh district of the Union Territory of Ladakh. The selected developer will be required to set up the project at the SNM hospital on a “build-own-operate” basis, for the supply of electricity, heat, and oxygen to the hospital.
- The hospital shall sign a 15-year supply agreement (SA) with the successful bidder for the procurement of electricity, heat, and oxygen.The scope of work includes design, supply, testing, commissioning of green hydrogen-based complete power-to-power cycle system along with metering arrangement for supply of electricity and heat,” as per the tender document.
- The hydrogen production, compression, and storage components of the project shall be installed at the premises of the SECI’s 20 MW(AC) solar project with a 20 MW/40 MWh battery energy storage system in Taru village of Leh. The combined heat and power (CHP) fuel cell or gas engine and associated system shall be installed at the SNM Hospital.
21710. JSCL signs pact for development of Apsara Road ‘High Street’
- Aiming to develop street, walk ability experience and connectivity for citizens, the Jammu Smart City Limited (JSCL) on Monday signed an agreement for the development of Apsara Road ‘High Street’ Gole market area along with the adjoining roads under Smart City programme of Union Ministry of Housing and Urban Affairs (MoHUA).
- The development project of worth Rs 50 crores will enhance the aesthetics of the road and improve the social as well as economic condition of the community around it.
- Under the project the total road length measuring 13.64 kilometres will be developed with facilities like street lighting, pedestrian lighting, footpath, parking, water ATMs, seating, underground utility duct, road parking, sculpture, water feature and softscape.
- The agreement was signed and exchanged between Chief Executive Officer (CEO), JSCL, AvnyLavasa and representative of M/S Hassan Road Construction Private Limited. Additional CEO of JSCL, Hitesh Gupta and other senior officials of the JSCL.