New Delhi, July 25 (IANS) India’s remarkable economic transformation since Independence has laid a strong foundation for achieving its Vision 2047 goal of becoming a developed nation, although sustained investments in health, education, jobs and green energy will be crucial to maintaining the country’s growth momentum, according to a report.The report published by Economics Observatory highlighted that India has undergone a dramatic transformation since gaining Independence in 1947, evolving fro…
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New Delhi, July 25 (IANS) India is betting big on infrastructure-led growth and the world is starting to take notice, a new report has said, adding that Prime Minister Narendra Modi’s government has spent more than a decade attempting one of the most ambitious economic transformations in modern history.The report from World Finance says that from freight rail and green energy to manufacturing and maritime trade, India is charting a truly transformative path.When a container is hoisted ashore a…
New Delhi, July 17 (IANS) Union Minister for Railways Ashwini Vaishnaw on Friday said India has retained the intellectual property (IP) rights for its indigenous hydrogen train technology, paving the way for future exports, as Prime Minister Narendra Modi flagged off the country’s first hydrogen fuel cell-powered train in Haryana.Speaking to IANS, Vaishnaw said hydrogen is an emerging fuel not only in India but across the world, and Indian Railways has taken several initiatives to promote its ad…
New Delhi, July 8 (IANS) Leading automobile firm Maruti Suzuki India on Wednesday said it has commissioned a 1 MWh Battery Energy Storage System (BESS) at its Kharkhoda manufacturing facility in Haryana as part of its efforts to strengthen renewable energy usage and reduce carbon emissions.The company said the battery storage system has been integrated into the facility’s internal electricity distribution network on a pilot basis to optimise the utilisation of solar power generated at the plant….
Bhopal, June 29 (IANS) Union Minister for New and Renewable Energy Prahlad Joshi on Monday said Madhya Pradesh was fast emerging as one of India’s leading renewable energy hubs.He made the remarks while inaugurating two major solar power projects in Neemuch and Shajapur districts during a visit to Madhya Pradesh with Chief Minister Mohan Yadav on Monday. He also urged the state to expand its clean energy capacity further.Calling the state’s achievement of supplying solar power at Rs 2.14 per uni…
Gautam Buddha Nagar, June 27 (IANS) Uttar Pradesh Chief Minister Yogi Adityanath on Saturday credited the vision of Prime Minister Narendra Modi for the state’s emergence as a hub for mobile phone manufacturing. Speaking at a solar unit’s foundation stone-laying event here, Adityanath thanked the Central government for its support in boosting manufacturing in the state.”I remember that for the development of a very large industrial city in Uttar Pradesh, we are developing a new industrial co…
Dalian (China), June 24 (IANS) AI-powered technologies and collective action can accelerate sustainable development and transform critical infrastructure in India, industry leaders said on Wednesday.Speaking to IANS on the sidelines of World Economic Forum’s Annual Meeting of the New Champions — known as Summer Davos — Jorgen Sandstrom, Head of the Transforming Industrial Ecosystem Programme, said India possesses significant opportunities in renewable energy and sustainable industrial developm…
New Delhi/Guwahati, June 22 (IANS) Assam Chief Minister Himanta Biswa Sarma on Monday said the state has been registering sustained economic growth of 12-13 per cent over the last seven to eight years, significantly higher than the national average, and is poised to emerge as a major semiconductor manufacturing hub in the country.Speaking at the Republic TV Summit in the national capital, Sarma said Assam’s rapid economic expansion has been driven by sustained investments, infrastructure develop…
Amaravati, June 18 (IANS) Andhra Pradesh State Investment Promotion Board (SIPB) on Thursday approved proposals related to 50 companies involving investments worth ₹30,515 crore.These projects are expected to generate 29,677 jobs across the state. Presiding over the 18th meeting of SIPB, Chief Minister N. Chandrababu Naidu directed officials to ensure that the benefits of industrial development reach poor and middle-class families.He emphasised the creation of an industrial ecosystem in the st…
Shimla, June 5 (IANS) The Himachal Pradesh government and the United Nations Development Programme (UNDP) on Friday signed a memorandum of understanding (MoU) to advance climate-resilient, inclusive, and sustainable development in the state. The agreement was signed in the presence of Chief Minister Sukhvinder Sukhu. State Secretary (Environment) Sushil Singla signed the pact on behalf of the government, while Angela Lusigi, Resident Representative, signed on behalf of the UNDP.The partnership e…