Industrial Entrepreneurs Memorandum (IEM) was filed with Department of Industrial Policy & Promotion on 06/05/2022 Manufacture of insecticides, rodenticides, fungicides, herbicides

The government will increase the number of airports, water aerodromes and heliports to 200 in the next five years from 145 currently to boost air connectivity, and asked eight states to lower exorbitant VAT on air turbine fuel.

The Defence Ministry approved the procurement of military equipment and weapons worth Rs 28,000 crore, including swarm drones and close-quarter battle carbines, to bolster the overall combat prowess of the armed forces along the Northern and Western borders.

GE Steam Power has signed $165 million contract with BHEL for the supply of three nuclear steam turbines out of six units for NPCIL’s domestic nuclear program- phase 1 being developed at Gorakhpur, Haryana (units - 1 to 4 (GHAVP)) and Kaiga (Kaiga-5&6), Karnataka.

International semiconductor consortium ISMC will invest Rs 22,900 crore in Karnataka to set up a chip-making plant amid a scramble by states to attract fabs.

Adani group is gearing up to put up a prototype of a 5.2 MW wind turbine at Mundra, Gujarat. It would be the country’s biggest wind turbine, and will count among the largest on-shore machines in the world.

Adani Group and Ballard Power Systems have joined hands to evaluate a joint investment in hydrogen fuel cells manufacturing in India.

Noida-based Triveni Engineering & Industries has signed a 10-year deal with GEAE Technology of the US to locally manufacture certain components for its LM2500 gas turbine which powers many of the Indian Navy’s vessels. The LM2500 is the chosen propulsion gas turbine for many of the Navy’s surface combat vessels.

The government has set aside Rs. 200 crore to either refurbish or rebuild old infrastructure in Mumbai’s Santacruz Electronic Export Processing Zone, which is a Special Economic Zone, while another Rs. 50 crore has been earmarked for creating common facility centres.