India Positive - October 30, 2020
- October 30, 2020
Manufacturing growth puts India among top three emerging economies
The growth of manufacturing makes India one of the top three emerging economies. In the first year-on-year increase in exports in seven months, manufacturing growth reflected the highest reading in the purchasing managers' index in over eight years. India's merchandise exports rose 6% to US$ 27.6 billion in September on a yearly basis.
PM delivers inaugural address at 4th India Energy Forum
India will drive the global energy demand and is expected to nearly double its energy consumption over the long term, according to Prime Minister, Mr. Narendra Modi.
India ranks 6th most positive about teachers in 35-country global survey
India ranks sixth among the world’s 35 countries for valuing its teaching workforce, according to a global survey-based report.
Airtel rolls out cloud-based communications platform for biz; tunes into US$ 1 billion market
Bharti Airtel has entered the rapidly-growing cloud communications market with the launch of business-centric ‘Airtel IQ' which is a cloud-based omni-channel communications platform and aims to enable brands to deepen engagement with customers through timely and secure communication.
India adds 2,320 MW solar capacity in COVID-19-hit January-September period
India has added 2,320 MW solar energy capacity from January 2020 to September 2020, amid coronavirus pandemic. Rajasthan, with 360 MW, Tamil Nadu with 341 MW, and Maharashtra with 165 MW contributed to the majority of the new capacities.
PM Modi says street vendors availed hassle-free loans under SVANidhi scheme
Street vendors availed hassle-free loans under the Street Vendors’ Aatmanirbhar Nidhi (PM SVANidhi), according to Prime Minister, Mr. Narendra Modi. The objective of the PM SVANidhi scheme is to provide affordable loans of up to Rs. 10,000 (US$ 135.23) to more than five million street vendors whose enterprises were operational on or before 24 March. In June the scheme was launched by the Ministry of Housing and Urban Affairs and is valid until March 2022.
Futuristic vision combined with decisiveness has provided India with a solid Startup ecosystem: Shri Piyush Goyal
Futuristic vision combined with decisiveness has provided India with a solid Startup ecosystem, according to Union Commerce and Industry Minister, Mr. Piyush Goyal. He said that Young firms in India have reacted fast & very flexibly to COVID pandemic by sharing our best practices & knowledge, engaging corporates & investors, Monetising & mobilising capital, setting up incubators, and Providing exposure & scale. He said that through these, innovative ideas of startups will get larger engagement.
Maruti, Microsoft develop tech for testing applicants seeking driver's license
Maruti Suzuki in collaboration with Microsoft India has developed HAMS (Harnessing Automobile for Safety), a smartphone-based technology for testing applicants seeking driver's license.
Harley Davidson partners with Hero MotoCorp to sell motorcycles in India
Harley Davidson signed a distribution agreement with Hero MotoCorp to sell motorcycles in India. Hero MotoCorp will distribute and service Harley-Davidson motorcycles, and sell parts, accessories and general merchandise riding equipment and apparel through a network of brand-exclusive Harley-Davidson dealers and the current distributor network of Hero in India pursuant to a distribution agreement.
Union Health Ministry’s telemedicine service, eSanjeevani, completes 6 lakh tele-consultations
eSanjeevani, Ministry of Health and Family Welfare’s telemedicine initiative has completed 6 Lakh tele consultations. eSanjeevani is accessible to the population in 27 States/UTs across India. The digital platform provides eHealth services through more than 6000 doctors who man 217 online OPDs in patient to doctor telemedicine model i.e. eSanjeevaniOPD.
Patents (Amendment) Rules, 2020- streamlining of the requirements related to filing of Form 27 and submission of verified English translation of priority documents
Patents (Amendment) Rules, 2020, which came into effect on October 19, 2020, have further streamlined the requirements related to filing of Form 27 and submission of verified English translation of priority document.
Boosting defence exports: India – UAE agree to further defence co-operation through joint production and mutual trade
India and UAE have agreed to take up defence co-operation through joint production and mutual trade, which could contribute to boost defence exports.
India has US$ 2.7 trillion untapped export potential in electronic exports: UNCTAD data
India has US$ 2.7 trillion untapped export potential in electronic exports, according to data by the United Nations Conference on Trade and Development (UNCTAD). The size of the world market for exports of electronic products is US$ 2.74 trillion, of which India's exports are barely US$ 7.79 billion (0.3%).
Infosys turns carbon neutral 30 years ahead of 2050 timeline
Infosys Ltd. has turned carbon neutral, thirty years ahead of the 2050 deadline set by the Paris Agreement. Over 44% of the electricity consumption of Infosys was met from renewable energy sources in FY20. The company has also invested in 60 MW of power for solar PV.
Tata group to set up Rs. 5000 crore phone component making unit in TN: Report
Tata Group plans to invest Rs. 5,000 crore (US$ 676.59 million) to set up a phone component manufacturing plant in Tamil Nadu. The paper claimed that Tata Sons, Tata Electronics, was allocated 500 acres by TIDCO (Tamil Nadu Industrial Development Corporation) and that the precision engineering division of the Titan Co Ltd group company, Titan Engineering and Automation Ltd, would provide the expertise for this project.
Partners
