New Delhi, July 28 (IANS) Union Minister of Commerce and Industry Piyush Goyal has said that the Centre remains committed to fostering a globally competitive and innovation-driven pharmaceutical sector while ensuring affordable healthcare.In a post on social media platform X, the minister said he held a productive interaction with a delegation of the Indian Pharmaceutical Alliance (IPA), led by its President, Dr Sharvil Patel.During the meeting, Goyal and the industry representatives discussed o…
Latest research and development News & Updates
New Delhi, July 24 (IANS) Global Capability Centres (GCCs) are set to drive nearly half of India’s office space demand over the next two years, reinforcing the country’s position as a leading global innovation hub, a report said on Friday.A report by Colliers showed that GCCs are expected to account for 45-50 per cent of India’s Grade A office leasing demand in 2026 and 2027, with annual leasing projected at 35-40 million square feet.Since 2021, GCCs have leased about 118 million square feet of …
New Delhi, July 17 (IANS) India’s semiconductor push is expected to create 1.5 lakh-2 lakh direct and indirect jobs over the next five years while transforming the country’s electronics industry from an assembly-led manufacturing base into a global hub for chip design, engineering and innovation, industry said on Friday.According to analysis of NLB Services, the next phase of the semiconductor mission will go beyond manufacturing and focus on building an integrated ecosystem spanning chip design…
New Delhi, July 15 (IANS) After the success of the ‘Semicon 1’ initiative, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the ‘Semicon 2.0’ scheme for the development of a domestic semiconductor design and manufacturing ecosystem, with a total budget outlay of Rs 1,27,500 crore.To date, 12 manufacturing units have been approved with a cumulative investment of over Rs 1.64 lakh crore. These include one silicon fab, one silicon carbide fab, an integrated …
Washington, July 11 (IANS) China has rejected warnings of a new economic “China Shock 2.0,” saying its expanding technological and industrial strength offers countries greater market access, deeper cooperation and new investment opportunities rather than threats.Liu Chang, spokesperson for the Chinese Embassy in Washington, said Friday that China’s emerging technologies and products would advance global development and make advanced technologies more accessible.“Some, however, see it thr…
New Delhi, July 9 (IANS) The Department for Promotion of Industry and Internal Trade (DPIIT) has introduced amendments to two Quality Control Orders (QCOs) relating to the footwear sector with the objective of facilitating ease of doing business and strengthening the domestic footwear manufacturing ecosystem, according to an official statement issued on Thursday. Under the amendments, the timeline for clearance of legacy footwear stock has been extended by a year from July 31, 2026, to July 31, …
New Delhi, July 5 (IANS) The proposed Centre for Emerging Technologies will be set up at Tamil Nadu Knowledge City in Tiruvallur and will operate from a dedicated 20,000-square-foot research and teaching facility within the precinct’s knowledge tower.The collaboration aims to advance research and innovation in areas such as quantum computing, agri-tech and other emerging technologies, while fostering stronger links between academia and industry. The partnership will focus on collaborative resear…
Bhubaneswar, July 2 (IANS) Odisha Chief Minister Mohan Charan Majhi on Thursday described the signing of the Memorandum of Understanding (MoU) between the Odisha government with Adani Enterprises Limited and Abu Dhabi-based International Holding Company (IHC) in the United Arab Emirates (UAE) for an integrated aluminium value chain project as a “landmark moment in the state’s industrial history”. The proposed project will be developed through a joint venture between Adani Enterprises Limited and…
Vadodara, June 30 (IANS) Defence Minister Rajnath Singh on Tuesday said investment in the defence sector generated benefits beyond national security by supporting industrial development, employment, infrastructure and technological innovation. Addressing industrialists, entrepreneurs and investors at the valedictory session of the Vibrant Gujarat Regional Conference (VGRC), Singh said defence manufacturing had become an important component of India’s broader economic development strategy.”Every …
New Delhi, June 26 (IANS) The Union Ministry of Health and Family Welfare on Friday said it has proposed amendments to the Drugs Rules, 1945 to simplify the procedure for obtaining permission for import of drugs for examination, test or analysis, commonly known as through Form 11.The amendment introduces an acknowledgement-based system for import of all drugs in small quantities for analytical and non-clinical testing purposes.The amendment is expected to significantly reduce the compliance burd…