INDIA NEWS
March 1-15, 2021 - Vol 1, Issue 17
MAKE IN INDIA
Make in India: Investment opportunities As world economies restart their engines in a bid to regain lost ground due to the Covid-19 pandemic, India too shows signs of economic buoyancy and promise. India’s Make in India initiative holds a key to the global economic revival, something that should interest Australian government ministries, corporate sector, entrepreneurs, institutions seeking R&D collaborations and Australia Inc in general, among others. India assumes greater importance as several major world economies including American, Japanese, German, British and South Korean look to move out and diversify their businesses from China. India has jumped to 63rd rank in the World Bank’s Ease of Development 2020 report, and has also been ranked as the 9th largest recipient of Foreign Direct Investment destination in 2019 by the World Investment Report 2020 of the United Nations Conference on Trade and Development (UNCTAD).
India’s growth engine to be powered by Assam NE: PM Assam’s Dhemaji district, the Prime Minister said that the ‘Aatma Nirbhar Bharat’ vision would be further strengthened with the ‘Aatma Nirbhar Assam’ and northeast.
Guwahati, Feb 22 (IANS): Prime Minister Narendra Modi on Monday said that India’s growth engine would be further boosted with the development of Assam and the north-eastern region. Addressing a massive public gathering at Silapathar in eastern
“To achieve the Aatma Nirbhar Bharat vision continuous endeavours are going on. Whenever I visit Assam, I get the fresh impetus and inspirations to do more for the northeastern region,” Modi said after inaugurating and laying foundation stones of five mega projects worth Rs 3,000 crore in gas, oil and education sectors. “We are correcting the faults of the previous governments. If the policy is accurate, destiny would be perfect. Connectivity, health, education and infrastructure
developments were ignored by the previous governments.” The Prime Minister said that the government is trying to give engineering and medical education in local languages so that its benefit could be obtained by the poor students and learners residing in the far-flung areas. Referring to the song of great singer and composer Bhupen Hazarika and rich Assamese cinema, Modi said that Assam’s all-round development would make the development of India easier. “The entire world is now respectful of India’s engineering and technological milestones,” he pointed out. The Prime Minister said that as the government is working with the mantra of
‘Sabka Saath, Sabka Vikaas, Sabka Vishwas’, LPG and electricity connections are being given to 100 per cent households in Assam and other parts of India as these were earlier available to less than 40 to 50 per cent families. Union Minister for Petroleum and Natural Gas Dharmendra Pradhan said that Rs 95,000 crore would be invested in Assam’s gas and oil sector for the projects initiated by the Prime Minister on Monday. He said that the earlier Congressled UPA government headed by
Prime Minister Manmohan Singh despite him representing Assam in the Parliament did nothing to utilise the gas and oil resources for the benefit of Assam and the country. Assam Chief Minister Sarbananda Sonowal in his speech said that Prime Minister Modi with his great vision for the all-round development of the region has won the hearts of every person of the eight north-eastern states. Assam Governor Jagdish Mukhi
‘One Nation, One Standard’ to be priority: Piyush Goyal
New Delhi, Feb 20 (IANS): Time has come when we should focus on ‘One Nation, One Standard’ to make India a global leaders in setting standards as per global benchmarks as strength and character of a nation is often exemplified by the standards it sets for the quality of its products and services, said Union Minister for Railways and Commerce & Industry and Consumer Affairs, Food & Public Distribution Piyush Goyal on Saturday while reviewing the work of Bureau of Indian Standards (BIS). He said, “While all areas of production and services should be included in this national mission, bringing a national uniformity and standardization in all kinds of public procurement and tendering can be an immediate deliverable.” Goyal further stated that BIS should also explore international partnerships and associations to achieve synergy in the field. “Lab testing in India should be as per the world standards. Modern equipments and latest technologies should be used. Gap analysis of BIS and government labs be taken up on priority basis as well,” said Goyal. Referring to the non-uniform standards in different institutions and PSUs, the Union Minister said that efforts should be made to
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merge different standards under one standard. He also reiterated on dialogue, participation and collaboration of industry in setting up ‘One Nation, One Standard’, simplification of the process of granting certificates and avoiding duplication. Goyal further went on to say that the aim should be to become the world leader in having maximum industrial products under ‘Indian Standards’ and nobody should feel the need to go abroad to get quality certification. STATE PROFILES Haryana Largest producer of passenger vehicles and motorcycles in India Haryana is one of India’s largest automobile hubs and has also emerged as a base for the knowledge industry, including IT and biotechnology. Haryana ranks #3 in Export Preparedness Index 2020 under Landlocked states category. Haryana’s electronics and IT exports stood at $7.2 bn during 2016-17, which is 6.2% of the total electronics and IT exports from India. Haryana’s business capital Gurugram is home to over 250 of the Fortune 500 companies. Located in northern India, Haryana has four key geographical features: the Shivalik Hills to the North-East, semi-desert sandy plain to the South-West, the Aravalli Range in the South and Yamuna-Ghaggar plain forming the largest part. Haryana is extremely well-connected with access to 2 international airports, 5 civil airports, 1,630 km of rail network, 26,131 km of road network including 24 national highways (NH). The state has a total installed power capacity of 11,268 MW. The entire state falls in the
influence zone of two industrial corridors, namely, Delhi Mumbai Industrial Corridor (DMIC) and Amritsar Kolkata Industrial Corridor (AKIC). Thirteen districts of Haryana are in the National Capital Region (NCR), which is a prominent trade and consumption center. Himachal Pradesh 100% electricity generated from green energy sources With five perennial rivers flowing through the state, Himachal Pradesh has the potential to contribute 26% to India’s hydropower potential. The State has an estimated hydropower potential of over 27,000 MW. The Baddi-Barotiwala-Nalagarh industrial belt has emerged as a key manufacturing hub for various sectors and the region is known to be Asia’s largest bulk drug manufacturing area. Moreover, Himachal Pradesh ranks #3 in Export Preparedness Index 2020 under Himalayan states category. Located in the western Himalayas, Himachal Pradesh is known for its scenic beauty. The state attracted around 19.6 mn tourists in 2017, which is about 3 times the size of its population. The State Government has also developed appropriate infrastructure for tourism development which includes a provision of public utility services, roads, communication network, airports, transport facilities, water supply and civic amenities, among others. Jammu and Kashmir Largest producer of apples, walnuts and cherry in India Renowned for its strong horticulture and vibrant floriculture sectors, Jammu and Kashmir is also one of
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the promin`ent locations for handloom and handicrafts products. J&K is home to world’s finest Biovoltine silk and Pashmina wool with the Handloom sector employing about 43,000 weavers across the UT. Major handicraft items include Carpets, Paper Mache and Shawls. Handlooms sector has contributed towards J&K’s GDP with exports of $ 28.57 Mn in 2018-19 and the exports of handicraft goods stood at $ 131.09 Mn Jammu and Kashmir shares its international border with Pakistan. The UT lies in the Greater-Himalayan ranges and is enclosed with mountains and valleys. Chenab, Jhelum and Ravi are the major rivers that flow through it. It is well-connected with an international airport in Srinagar and a domestic airport in Jammu. The UT is home to about 57 industrial estates. Jharkhand Home to 40% of India’s mineral wealth Jharkhand is home to one of India’s largest commercial manufacturing units by Tata Motors. The country’s oldest and one of the largest steel plants, operated by the world’s 10th largest steel manufacturer - Tata steel, is located in Jamshedpur. Due to the high availability of metals and minerals such as steel and coal, the state is an ideal destination for setting up autocomponent industries, power projects, cement plants, among others. Jharkhand has an installed production capacity of nearly 1800 MW. Jharkhand has a high yield in the production of food crops such as paddy and pulses and
offers opportunities to exploit the market for agro-forestry products, cashew processing, medicinal plants processing, honey production and production of milk and meat products. The state ranked fifth in top FDI destinations amongst all Indian states in 2016 and currently ranks fourth in Ease of Doing Business ranking by the World Bank. Karnataka Knowledge, research and innovation hub of Asia, with over 400 high-end R&D centres Karnataka is a leader in India’s technology sector, both in terms of investments and exports. It is also a popular investment destination for auto, electronics, food processing, heavy machinery and textiles industries. Karnataka is well connected to all major markets with 2 international airports, 307,030 km of the road network and 5,543 km of the rail network. The state has a coastline of 300 km with 12 minor ports and one major port in Mangaluru. The Bengaluru Mumbai Economic Corridor and Chennai - Bengaluru Industrial Corridor pass through the state. Karnataka stands fourth in merchandise exports in the national export basket. Exports from the state stood at around $17.4 bn in 2018-19, which is 5.3% of India’s total exports. The state stands third among Indian states in terms of FDI inflows, attracting FDI worth $40.7 bn between 2000 and 2019. It is home to the Pavagada Solar Park which has an installed capacity of 2000 MW, the largest in the country of which 1400 MW is operational. The total installed power capacity in the state stands at 28,400 MW.
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