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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102659) | |
2431. India's warehousing and logistics sector witnesses 203% investment surge in 2024
- On 20 march,2025, It was reported that, The Indian warehousing and logistics sector received investments worth $1.96 billion in 2024, accounting for 29 per cent of the total institutional investment garnered in the real estate sector last year.
- According to Vestian's report, investment inflows surged to 203 per cent year-on-year in the sector, driven by the growing demand for warehouses amid the rapid expansion of the quick commerce sector.
- The government's continued focus on mega infrastructure projects is expected to further propel growth in the sector.
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2432. India’s coffee exports surge 40 pc to surpass $1.54 billion in April-Feb
- On 20 march 2025, It was reported that, India’s coffee exports have recorded a robust 40 per cent rise during April-Feb in the current financial year to surpass the $1.54 billion mark compared with the corresponding figure of $1.10 billion for the same period of the previous year, according to data compiled by the Ministry of Commerce.
- In Rupee terms, the exports increased 43.37 per cent to Rs 13004.75 crore during April-Feb 2024-25 from Rs 9,070 crore in the same 11-month period last
- Karnataka leads in production, contributing 248,020 MT in 2022-23, followed by Kerala and Tamil Nadu (NSE:TNNP).
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2433. NPCI partners HitPay to enable UPI payments at 12,000-plus merchants in Singapore
- On 20 march 2025 UPI is set to expand its reach worldwide as nearly 12,000 merchants in Singapore are preparing to accept payments through the platform .
- The Development follows an announcement by NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI).
- The collaboration intends to offer a better payment experience for Indian tourists visiting Singapore as over 1.2 million Indians visited the country in 2024. Through this partnership, Indian tourists will be able to use QR codes to make payments at various locations, including tourist spots, restaurants and retail stores..
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2434. Cabinet approves revised ₹2,790 crore dairy development scheme to boost infrastructure
- On 19 March, 2025, The Union Cabinet approved the Revised National Programme for Dairy Development (NPDD), aimed at modernizing India’s dairy sector and ensuring its long-term growth.
- The scheme, classified as a Central Sector initiative, has been allocated an additional ₹1,000 crore, taking the total budget outlay to ₹2,790 crore for the duration of the 15th Finance Commission period from 2021-22 to 2025-26.
- Since its inception, the NPDD has had a considerable socio-economic impact. The scheme has benefited over 18.74 lakh farmers and generated more than 30,000 direct and indirect employment opportunities. It has increased milk procurement capacity by an additional 100.95 lakh litres per day.
2435. Cabinet approves Rs 7,000 crore deal for Indigenous ATAGS acquisition
- On 20 march 2025 Cabinet Committee on Security (CCS) has approved the acquisition of 307 advanced towed artillery gun systems (ATAGS) for the Indian Army.
- "In a significant milestone for India's defence sector, the CCS approved acquisition of Advanced Towed Artillery Gun System (ATAGS) worth nearly Rs 7000 crore, marking a major step towards self-reliance in artillery gun manufacturing,
- ATAGS, the first indigenously designed, developed, and manufactured 155 mm artillery gun, is set to enhance the operational capabilities of the Indian Armed Forces with its cutting-edge technology and superior firepower.
- The ATAGS is an advanced towed artillery gun system featuring a long 52-calibre barrel, allowing for extended firing ranges of up to 40 km.
2436. India-made electrolysers shipped for Kandla Port's green hydrogen plant
- Union Minister Of India initiated the dispatch of India-made electrolysers for a green hydrogen plant at Kandla Port on 18 March,2025, According to ANI, the 1 MW plant, slated for completion by July 2025, will initially produce 18 kg of green hydrogen per hour, eventually scaling up to a 10 MW capacity.
- The project aims to provide practical experience in green hydrogen production and usage, with Kandla Port becoming the first in India to operate such a plant using domestically produced electrolysers.
- The project also includes plans to integrate green ammonia production. This initiative aligns with the National Green Hydrogen Mission, promoting sustainable practices in the maritime sector.
2437. Modi’s vision strengthened: Rs 7,000 crore deal for 307 Advanced ‘Make in India’ artillery guns
- On 19 march,2025,Prime Minister Of India led cabinet committee on security cleared the around Rs 7,000 crore deal to acquire advanced towed artillery gun systems (ATAGS).
- The deal is being seen as a significant step in the defense corridors, as it is one of the most important developments in India’s efforts to strengthen its defense capabilities under Modi’s vision for a self-reliant defense industry, as part of the ‘Make in India’ initiative.
- The technology and expertise developed for this project will position India as a potential exporter of such systems in the future, enhancing its presence in the global defense market.
2438. Adani Green's arm commissions 250 MW solar power project in Rajasthan
- On 20 march 2025 Adani Green Energy Ltd. on Thursday, March 20, announced the successful commissioning of a 250 MW solar power project in Rajasthan's Bhimsar.
- The project was undertaken by Adani Green Energy Twenty Four Ltd., a wholly-owned step-down subsidiary of the company.
- Adani Green Energy is a renewable energy company that develops, owns, and operates solar, wind, and hybrid (solar + wind) power plants across India.
2439. ISRO chief inaugurates space technology incubation centre at NIT Rourkela
- On 20 march 2025 In assam state ISRO chairman Dr V Narayanan on Wednesday inaugurated the new Space Technology Incubation Centre (STIC) at the National Institute of Technology-Rourkel .
- This is a momentous occasion as we are inaugurating the STIC facility at NIT-Rourkela and also celebrating the return of Sunita Williams and her fellow astronauts after their remarkable mission aboard the International Space Station.”
- The facilitate this, an MoU between ISRO and NIT-Rourkela was signed four years ago. Since then, eight projects with a total value of approximately Rs 1.7 crore, have been underway.
2440. Indian Toy Industry On A Strong Growth Trajectory; Exports Up 40%, Imports Down 79% Over 5 Years: Report
- On 28 february,2025 It was reported that India’s toy industry is on a strong growth trajectory, with the potential to capture a larger share of the global toy market, which is projected to reach USD 179.4 billion by 2032,
- The Indian toy market, valued at around USD 1.5 billion in 2023, has witnessed significant policy support from the government.
- The impact of these policies is visible in trade statistics. India’s toy imports have dropped sharply, from USD 304 million in FY2018-19 to just USD 65 million in FY2023-24, marking a 79% decline. Meanwhile, exports have grown by 40% during the same period, rising from USD 109 million to USD 152 million. As a result, India has become a net exporter of toys.
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