- Related readings (same page):- What British Government did to Restraining the Swadeshi Movement,
- Impact of Swadeshi Movement on Art & Culture,
- Impact of Swadeshi Movement on Students,
- Effects of the Swadeshi Movement,
General Motors announced an investment of US$1 billion to manufacture automobiles in Maharashtra. In April 2017, Kia announced that the company would invest over $1.1 billion to build a car manufacturing plant in Anantapur, Andhra Pradesh. The facility is the company’s first manufacturing plant in India. Kia stated that it would hire 3,000 employees for the plant, and it would produce 300,000 cars annually. Construction of the plant began in mid-2017, and is expected to be completed by March 2019. The first vehicles are scheduled to roll off production lines in mid-2019. Kia president Han-Woo Park announced that the first model produced at the plant would be an SUV(sport utility vehicle) specifically designed for the Indian market. Park also added that Kia would invest over $2 billion and create 10,000 jobs in India by 2021. In March 2016, B.K Modi group announced that it is going to set up an electric bus manufacturing plant near Moradabad, Uttar Pradesh. The investment is through a technological tie-up with BYD. In July 2017, SAIC Motor announced that it is going to invest ₹2,000 crore ($300 million) to build a car manufacturing plant in Halol, Gujarat.
In mid-2017, European automobile major PSA announced that in a partnership with CK Birla Group, it is going to build a car manufacturing plant in Tamil Nadu at the cost of ₹7,000 crores ($1.03 billion). Elon Musk has recently reiterated his intent to join Make In India with all-electric car manufacturer Tesla commencing partial operations by 2019 and full operations by 2020.
The Automotive industry in India is leading in many segments- primarily in Passenger Cars, Utility Vehicles, Vans and two Wheelers.1The rapidly growing auto market in India is expected to reach USD 300 Bn by 2026The Compound Annual Growth Rate (CAGR) of the industry stood at 13% over the period FY 2013-14 to FY 2018-19.2With increasing vehicle parc in India, the aftermarket in 2018-19 raised by 9.6% to USD 10.1 Bn from USD 9.2 Bn in 2017-18.3Automotive aftermarket segment in India is expected to reach USD 32 Bn by 2026. The Automobile component industry in India is composed of organized and unorganized sector. The organized sector refers to original equipment manufacturers (OEMs) and is engaged in the manufacture of high-value precision instruments. Whereas, the unorganized sectors comprise of low-valued products catering to after-market services. Various sub-sectors of the Automobile component industry in India are engine parts, drive transmission & steering parts, body and chassis, suspension and braking parts, equipment, electrical parts and others such as fan belts, die-casting and sheet metal parts.
Hitachi announced an auto-component plant in Chennai by 2016 with an increase in their India employees count from 10,000 to 13,000.
11th November 2020: Hon’ble minister Shri Prakash Javadekar has set up a 22-member inter-ministerial committee in strengthening the Capital Goods(CG) Sector through interventions that help the CG Sector in contributing more actively in the national goal of achieving a USD 5 tn economy and a USD 1 tn manufacturing sector. The government has set up a 22-member inter-ministerial committee in strengthening the Capital Goods(CG) Sector through interventions that help the CG Sector in contributing more actively in the national goal of achieving a USD 5 trillion economy and a USD 1 trillion manufacturing sector. Informing about the same, Minister for Heavy Industries and Public Enterprises, Shri Prakash Javadekar expressed happiness and said in a tweet message that the committee will work out ways and means to make the capital goods sector globally competitive and to become the manufacturing hub for the world.
The global revenue for commercial airlines in 2019 was estimated at USD 838 Bn.1India has 91 international carriers out of which 5 are domestically owned. India has air connectivity with 59 countries through 344 routes.2With the industry’s USD 30 Bn contributions to India’s GDP, the domestic aviation market is projected to rank 3rd globally by 2024.3Air traffic has been growing rapidly in the country as compared to the global average. One hundred more airports would be developed by 2024 to support Udaan scheme. It is expected that the air fleet number shall go up from the present 600 to 1200 during this time. French drone manufacturer LH Aviation announced a manufacturing plant in India to produce drones. During Magnetic Maharashtra: Convergence 2018, Thurst Aircraft Pvt Ltd signed an MOU with Govt. of Maharashtra to build an aeroplane manufacturing plant near Palghar district (roughly 140 km north of Mumbai) with an investment of ₹35,000 crores ($5.2 billion).
16th Novemebr 2020: Ministry of Civil Aviation (MoCA) and Directorate General of Civil Aviation (DGCA) have granted conditional exemption to the International Crops Research Institute for the Semi-Arid Tropics(ICRISAT), Hyderabad, Telangana for the deployment of drones for agricultural research activities.
6th November 2020: Government of India took the historic decision to implement One Rank One Pension. Due to this scheme, INR 10795.4 cr has been disbursed to 20,60,220 Defence Forces Pensioners/Family Pensioners.
16th October2020: Ministry of Defence organized a webinar on “Make In India For The World, India – Kazakhstan Defence Cooperation” on 15/10/2020 under the aegis of Department of Defence Production, through FICCI. Moreover, the webinar was organized to boost defence exports and achieve an export target of $5bn in the next five years.
9th October 2020: DRDO successfully completed flight tests of the Indigenously Developed Anti Radiation Missile (RUDRAM). Flight tested today onto a radiation target located on Wheeler Island off the coast of Odisha.
The Biotechnology industry in India can be traced back to 1980s when the Government created Department of Biotechnology, India. From merely USD 1.1 Bn in 2003, it has grown exponentially in size to a USD 51 Bn industry as of 2018.1The contribution of the industry in the global biotechnology market is expected to grow to nearly 19% by 2025.1The Department of Biotechnology has set an ambitious target for the industry i.e. to make a USD 100 Bn industry by 2025.1The Biotechnology industry in India is divided into the following segments – Biopharmaceuticals, Bio-services, Bio-agriculture, Bio-Industrials and Bio-IT.
9th October 2020: Webinar on Biosafety and Biocontainment Requirements for Biopharma Research and Manufacturing on 15 Oct 2020.
The Chemical industry in India provides several building blocks and raw materials for many industries, including textiles, paper, paints, soap and detergents, pharmaceuticals and agrochemicals. 1The Chemical industry (including fertilizers and pharmaceuticals) in India stands at USD 178 Bn as of 2019 which is expected to reach USD 304 Bn by 2024-25 at an annual growth rate of 9.3%. 2India’s Chemical Industry ranks at the 6th position in the world and 4th position in Asia in terms of size.
6th November 2020: A memorandum of understanding (MoU) was signed between HIL (India) Limited, a PSU under the Ministry of Chemicals & Fertilizers and Department of Chemicals & Petrochemicals to achieve the revenue target of INR 451 cr in the current financial year ( 2020-21).
22 October 2020: Ministry of Chemicals and Fertilizers under HIL(India) Limited registered highest-ever production of Malathion Technical in the first two quarters of FY 20-21. The financial year showed a growth of 41% of 530.10 MT of Malathion Technical in the first two quarters of the year .
14th October 2020: Shri D V Sadananda Gowda, Hon’ble Minister of Chemicals and Fertilisers highlighted that in generic medicines India is one of the largest manufacturers and exporters. The Latin American and Carribean countries were invited to invest in the Indian pharma sector. The estimated growth is USD 65 bn industry by 2024
9th October 2020: Union Minister of State for Chemicals & Fertilizers and MoS ( I/c) for Shipping launched indigenous varieties of Calcium Nitrate’ & ‘Boronated Calcium Nitrate’ manufactured by Gujarat State Fertilizers and Chemicals. The Minister was informed that GSFC plans to increase it to 30,000 MT in 9 to 12 months.
6th October 2020: Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Prasar Bharati on Monday signed a MoU to broadcast and promote new agriculture technology and innovations. To make the farmers Atmanirbhar (Self-dependent) it is necessary that these new agriculture techniques and their implementation should be explained to the farmers.
29th September 2020: National Fertilizers Limited, a PSU under the Department of Fertilizers, has has signed an MoU with Industrial Training Institute (ITI) Raghogarh (M.P.) to train youth in various trades and to enhance the chances of their employability in heavy and process industry.
In January 2016, Chinese conglomerate Dalian Wanda Group announced that it would construct an industrial, residential and tourism city in Haryana at the cost of ₹68,000 crores ($10 billion) However the project was deadlocked as on 28 April 2017 because the company management was resisting a demand by the Haryana state government for a 26% equity share.
Infrastructure plays a huge role in propelling other industries and India’s overall development. The government therefore focuses on the development of infrastructure and construction services through focused policies such as open FDI norms, large budget allocation to infrastructure sector, smart cities mission, etc. 1Investment of about INR 2 lakh cr has been proposed by 99 cities under the Smart City initiative.2The government’s flagship mission Pradhan Mantri Awas Yojana (Urban) – PMAY (U) launched in June 2015 aims to provide housing for all in urban areas by the year 2022.
3rd November 2020– The 13th Urban Mobility India (UMI) Conference was organized by the Ministry of Housing and Urban Affairs. The theme is “Emerging Trends in Urban Mobility” with focus on innovative measures taken at national and international level to address the challenges posed by Covid-19 pandemic to provide accessible and convenient transport to the people.
29th October 2020: ‘National Program and Project Management Policy Framework’ (NPMPF) was launched by NITI Aayog and Quality Council of India to envisage radical reforms in the way infrastructure projects. India requires an investment of around US$ 4.5 tn by 2040 to develop the infrastructure for sustaining its economic growth.
9th October 2020: Shri Durga Shanker Mishra, Secretary, (MoHUA), during his interaction with the States of Himachal Pradesh & Uttarakhand last month, appreciated the progress made by the States under AMRUT Mission.
India is among the top five countries with the highest military spending in 2019. 1India has the second-largest standing army in the world. As per the Union Budget for the financial year 2020-21, the total allocation for Defense is around USD 62.85 Bn. Around 1/4th of this amount is allocated for capital expenditure. As part of Prime Minister Narendra Modi’s Narendra Modi Atma Nirbhar Bharat Abhiyan (Self Reliant India Campaign), India’s ministry of defence last month reserved 26 items that will only be procured from the local suppliers. Modi government did it by amending clause (3)A of the Defence Procurement Order of 2017.
India and Russia have deepened their Make in India defence manufacturing cooperation by signing agreements for the construction of naval frigates, KA-226T twin-engine utility helicopters (joint venture (JV) to make 60 in Russia and 140 in India), Brahmos cruise missile (JV with 50.5% India and 49.5% Russia). A defence deal was signed during Prime Minister Narendra Modi’s visit to Russia in December 2015 which will see the Kamov Ka-226 multi-role helicopter being built in India, was widely seen as the first defence deal to be actually signed under the Make in India campaign. In August 2015, Hindustan Aeronautics Limited (HAL) began talks with Russia’s Irkut Corp to transfer technology of 332 components of the Sukhoi Su-30MKI fighter aircraft under the Make in India program. These components, also called line replacement units (LRUs) refer to both critical and non-critical components and fall into four major heads such as Radio and Radar; Electrical & Electronics System; Mechanical System and Instrument System. Lockheed Martin announced in February 2016 its plans to manufacture F-16 in India, although it did not announce any time frame. In February 2017, Lockheed stated that it intended to manufacture the F-16 Block-70 aircraft with a local partner in India if the Indian Air Force agreed to purchase the aircraft. Boeing announced setting up a factory to assemble fighter planes, either the Apache or Chinook defence helicopter in India, as well as the manufacture of F/A-18 Super Hornet.Prime ministerNarendra Modi launches Make in India. In May 2018, the Indian Army announced a ₹50,000 crore (US$7.0 billion) ammunition production project to be implemented in phases over a 10-year period. Under the project, 11 private firms will manufacture and supply ammunition for the Army’s tanks, rockets, air defence system, artillery guns, infantry combat vehicles, grenade launchers, and other field weapons. The Army noted that the objectives of the program were to cut dependence on foreign imports and to establish an inventory of ammunition that would suffice to fight a 30-day war.
16th November 2020: Quick Reaction Surface to Air Missile (QRSAM) System has achieved a major milestone by a direct hit on a Banshee Pilotless target aircraft at the medium range & medium altitude. This system is capable of detecting and tracking targets on the move and engaging target with short halts.
30th October 2020: Infrastructure Management System (IMS)’ software which was inaugurated by the COAS on the sidelines of the Army Commanders Conference on 28 October 2020. This will boost land, works and quartering policies available online and Monitor land encroachment, Old Grant Bungalows, VIP references and transfer/exchange of land.
28th October 2020-Indian Army has introduced a software named the “Infrastructure Management System (IMS)’ software which was inaugurated by the COAS on the sidelines of the Army Commanders Conference.
28th October 2020: The Ministry of Defence organized a webinar “Indian Defence Industry Global Outreach for Collaborative Partnership” to boost defence exports. They aim to facilitate joint production and mutual trade which could be a win – win proposition for both the countries.
26th October 2020: Shri Rajnath Singh, hon’ble defence minister dedicates BRO Road to the Nation in East Sikkim which is a Fillip to Defence Preparedness and Socio-Economic Development. The road is 19.85 Km in length in alternate Alignment of the National Highway 310 from km 0.00 to km 19.350 to the nation.
22 October 2020: INS Kavaratti (P31), Anti-Submarine Warfare (ASW) stealth corvette built under Project 28 (Kamorta Class) was commissioned into the Indian Navy. INS Kavaratti is the high level of indigenisation incorporated in the production, accentuating our National Objective of ‘Atmanirbhar Bharat’.
20th October 2020: Raksha Mantri Shri Rajnath Singh releases DRDO Procurement Manual 2020 to encourage participation of Indian industry, including Start-ups and Micro, Small & Medium Enterprises (MSMEs) in Defence Research & Development (R&D) for achieving ‘Atmanirbhar Bharat’.
India confirmed that it will upgrade Myanmar’s T-72 tanks, supply DRDO’s radars to Armenia, Kamov 226 T multi-utility helicopters to Jordan, indigenously developed lightweight torpedoes to Myanmar (previously sold to Sri Lanka and Vietnam), Astra 70-kilometer range air- to-air missile and 40,000 pieces of a component used in Bofors artillery guns for ₹322 crore to UAE, and manufacture DRDO weapons in Saudi Arabia by 2018 .
With the demand for electronic hardware expected to rise rapidly to US$400 billion by 2020, India has the potential to become an electronic manufacturing hub and government is targeting to achieve net-zero imports of electronics by 2020. After the launch of this project, 24.8% of smartphones sold in India in the April–June quarter of 2015 were made in India, up from 19.9% the previous quarter. By 2019 that number has jumped to 95%. Mobile manufacturing made the most of Make in India.
Various companies pledged investment in India to begin manufacturing
- Foxconn: US$5 billion investment over 5 years in research and development and hi-tech semiconductor manufacturing facility in Maharashtra but it backed out from the MOU as it could not acquire the land parcel at the terms it wanted.
- Huawei: new research and development (R&D) campus in Bengaluru with an investment of US$170 million and telecom hardware manufacturing plant in Chennai.Lenovo: manufacturing of Motorola at Sriperumbudur near Chennai run by Flextronics.
- Micromax: 3 new manufacturing units in Rajasthan, Telangana and Andhra Pradesh with ₹3 billion (US$42 million) investment).
- Qualcomm: “Design in India” programme to mentor ten Indian hardware companies with the potential to come up with innovative solutions and help them reach global scale.
- Samsung: 10 “MSME-Samsung Technical Schools” and manufacturing of Samsung Z1 in its plant in Noida).
- Spice Group: ₹5 billion (US$70 million) mobile phone manufacturing unit in Uttar Pradesh.
- Vivo Mobile India began manufacturing smartphones at a plant in Greater Noida with 2,200 employees .
- Wistron: Taiwanese company to start manufacturing of Blackberry, HTC and Motorola devices at a new factory in Noida.
- Xiaomi: smartphones to be manufactured at a Foxconn-run facility in Sri City made operational by producing Xiaomi Redmi 2 Prime.
- HMD Global: Finnish company announced in early 2018 that it will start manufacturing all the parts of Nokia phones in Foxconn run facility in Chennai.
- VVDN Technologies: ODM based out of India expanded its manufacturing with additional 10-acre Global Innovation Park in India in line with government’s Make in India initiative.
The Indian electrical equipment industry comprises of two broad segments – 1
- Generation equipment (boilers, turbines, generators)
- Transmission & Distribution (T&D) and allied equipment like transformers, cables, transmission lines, etc
The Electronics System Design & Manufacturing (ESDM) industry includes electronic hardware products and components relating to information technology (IT), office automation, telecom, consumer electronics, aviation, aerospace, defence, solar photovoltaic, nanoelectronics and medical electronics. The industry also includes design-related activities such as product designing, chip designing, Very Large-Scale Integration (VLSI), board designing and embedded systems. India’s digital base is the second largest in the world and is growing at the second-fastest rate among the 17 leading economies.1The Digital India Program has been transforming the country into a digitally empowered society and knowledge economy since its launch in July 2015. India is the third biggest start-up hub in the world. In 2019 alone, 1300 new tech start-ups were added.
The Indian electrical equipment industry comprises of two broad segments – 1
- Generation equipment (boilers, turbines, generators)
- Transmission & Distribution (T&D) and allied equipment like transformers, cables, transmission lines, etc
Electrical equipment market production is estimated to touch USD 100 Bn by 2022. 2The sector contributes about 8% to the manufacturing sector in terms of value, and 1.5% to overall GDP. 2The sector is projected to provide employment, both directly and indirectly, to 3.5 Mn people by 2022.
India offers the largest diversified production base and has a growing food industry. India is: 1
- World’s largest milk producing nation
- World’s largest producer, consumer and exporter of spices
- World’s second largest producer of food grains, fruits and vegetables.
The total geographical area of India is 328.7 mn ha and the Gross Cropped Area is 198.4 mn ha with a cropping intensity of 142%.2An investor facilitation portal known as Nivesh Bandhu, developed by the Ministry of Food Processing Industries is in place to assist investors in the investment decisions. 3The Ministry of Food Processing Industries, Government of India has notified 253 designated food parks in different states for the purpose of availing affordable credit from a special fund with NABARD. 3NABARD has already sanctioned a term loan of about INR 490 cr to 11 Mega Food Park projects as of March 2019. 3Loans to food & agro-based processing units & cold chains have been classified under agriculture activities for Priority Sector Lending (PSL).
India is among the largest producers of fruits, vegetables, rice and milk globally with trade surplus in food items export. Pitha of Odisha, Gushtaba of Kashmir, Chicken Curry of Punjab, Khakhra and Khandvi of Gujarat, Bamboo Steam Fish, Vada and Medhu Vada of Karnataka, Khaja and Inarsa of Bihar, Kebab of Uttar Pradesh and Puran poli of Maharashtra have been selected as traditional regional food to be promoted in the ongoing campaign. Marine Products Export Development Authority announced the deal to supply shrimp eggs to farmer in India for eventual exports of shrimp from India to other countries. In Odisha Investor Summit, Poseidon Aquatech announced plans to undertake shrimp farming and processing in the state at the cost of ₹100 crore ($14.7 million). Noodles manufacturer Indo Nissin Foods Ltd also announced that it intended to invest additional ₹50 crore ($7.3 million) to expand the existing facility in Odisha by 2017.
11th November 2020: The Ministry of Agriculture organized today a virtual meeting on ‘Value Chain Creation for Kiwi fruit – Farm to Fork’ keeping in mind the popularity of the fruit due to its tremendous commercial potential. Presently, India is producing 13,000 MT of Kiwi in an area of about 4,000 Ha in Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh.
11th November 2020: Under Operation Greens Scheme TOP to TOTAL, 50% transportation subsidy is now made available for air transportation for 41 notified fruits and vegetables from North-Eastern and Himalayan States to any place in India.
09th November 2020: Union Minister, Shri Narendra Singh Tomar, approved 21 projects, leveraging investment worth INR 443 cr and supporting 8 projects worth INR 62 cr. 21 projects are likely to generate employment for nearly 12600 people and benefit 200592 farmers and 8 projects approved in another meeting are likely to generate employment for nearly 2500 people.
6th November 2020: IFFCO has announced its integration with the SBI YONO Krishi, which is the dedicated portal catering to the farmer’s needs. This will ensure that a wide variety of agriculture products are made accessible to lakhs of Indian Farmers. Through this we can reach out to over 3 cr registered customers of YONO.
5th November 2020: MoFPI invites proposals for setting up and upgradation of Food Testing Laboratories.
In December 2017, India announced it will shortly announce a new agricultural exports policy to promote Indian and organic foods, enhance compliance of phytosanitary international food-safety requirements, development of farm-to-port and farm-to-airport cold chain with focus on 25 farm export clusters.
Information technology and business process management
Global Technology spending stood at USD 3.65 tn during 2018-19.1 The IT-BPM industry in India accounts for 55% of the total global outsourcing market. In India, it accounts for more than 45% share, which is the largest, in total services export.The IT-BPM industry in India constitutes 8% of India’s GDP. The industry is the largest employer within the private sector, employing 3.9 mn people.Indian IT & BPM industry is expected to grow to USD 310 Bn by 2020.
16th November 2020: Ministry of Information and Broadcasting requests compliance of policy on FDI in digital media. This has permitted 26% FDI under Government approval route.
6th November 2020: IEEE, National Informatics Centre (NIC)and Oracle, under the aegis of the Ministry of Electronics and Information Technology (MeitY) organized IndiaGov-Tech-Thon 2020. The virtual hackathon received registrations from over 1300 aspirants forming 390 teams. The hackathon webpage witnessed over 15,000 visitors in 2 weeks.
4th November 2020: A Memorandum of Understanding (MoU) was signed between the Ministry of Communications of the Republic of India and the Department of Digital, Culture, Media and Sports (DCMS). The MoU contributes in strengthening bilateral cooperation and mutual understanding in the field of Telecommunications/ICTs.
19th October 2020: NITI Aayog in alignment with Hon’ble PM’s vision of Aarmanirbhar Bharat announced the establishment of Frontier Technologies Cloud Innovation Center (CIC) venturing with Amazon Web Services (AWS). Frontier Technologies (CIC) will give a boost to innovations and start-ups through emerging technologies such as AI, IOT, robotics, blockchain, etc.
7th October 2020: The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has given its approval for signing a Memorandum of Cooperation (MoC) in the field of cybersecurity between India and Japan.
The Leather industry in India holds a significant place in the Indian economy.The Leather industry in India is consistent in its high export earnings and is among the top 10 foreign exchange earners for India.1India’s export of Leather and Leather Products for the period April – August 19 – 20 touched USD 2276.39 Mn.2Export of different categories of Footwear holds a major share of about 47.59% in India’s total leather & leather product exports.3The Leather industry in India is an employment-focused industry, providing jobs to about 4.42 Mn people.4 India is the 2nd largest producer of footwear, 2nd largest exporter of Leather Garments, the 5th largest exporter of Leather Goods and 3rd Largest Exporter of Saddlery and Harness items.
16th October 2020: Under Skill India mission, Leather Skill Sector Council launches SCALE India Android App for enhanced quality assurance. This platform will boost the use of efficient and intelligent tools in the Leather industry which will support Hon’ble Prime Minister’s vision of making India ‘Aatmnirbhar’ i.e the ‘Skill Capital of the World’.
Media and entertainment
The Media & Entertainment (M&E) industry revenues, at a global platform, are expected to rise from USD 1.8 Tn in 2016 to USD 2.2 Tn in 2021.1The M&E industry in India reached INR 1.82 Tn in 2019 registering a growth rate of 9%. The industry is expected to touch INR 2.4 Tn by 2022.2Globally, India is the largest consumer of mobile data11 and the second-largest television market.3India is currently the world’s second-largest telecommunications market with a subscriber base of 1.18 bn. India’s growing mobile economy now constitutes about 98% of all telephone subscriptions.
During Odisha investor summit, NLC India signed an MOU with govt. of Odisha to set up a coal mining processing plant at the cost of ₹7,500 crore ($1.1 billion).
The Mining industry in India is one of the core industries of the economy. It provides basic raw materials to many important industries.The Mining industry is characterized by a large number of small operational mines.1India is endowed with huge resources of many metallic and non-metallic minerals.2 India is home to 1,531 operating mines and produces 95 minerals, which includes 4 fuels, 10 metallic, 23 non-metallic, 3 atomic and 55 minor minerals (including building and other materials).3The number of mines which reported mineral production (excluding atomic, fuel and minor minerals) in India stood at 1405 in 2018-19.4Based on the geological mapping of the country, an area of 571,000 sq. km, out of a total of 3.1 mn sq. km. has been demarcated as Obvious Geological Potential (OGP) area, where the geological potential for the occurrence of mineral deposits is higher.
5th November 2020: In the 5th Joint Working Group (JWG) on Coal between India and Indonesia today, highlights were on India’s initiatives for self-sufficiency in coal under Atmanirbhar Bharat and imperatives for businesses in the coal sector in both the countries. This will facilitate emerging business opportunities in both the countries were highlighted by respective delegations.
Oil and gas
In April 2018, Saudi Arabian Oil giant Aramco signed an initial deal with a consortium of Indian refiners to build a $44 billion refinery and petrochemical project on India’s west coast. The project will include a 1.2 million-barrels-per-day (bpd) refinery, integrated with petrochemical facilities with a total capacity of 18 million tonnes per year.
The Oil and Gas industry in India is set for a sea change with recent developmental ambitions of the Government of India – 175 GW of installed capacity of renewable energy by 2022, the aim to achieve 100 smart cities mission, 10% reduction of oil and gas import dependence by 2022 and provision of clean cooking fuels. 1Natural gas production for the month of September, 2020 was 2279 MMSCM as against production target of 2800 MMSCM, showing an achievement of 81.39%. In September 2020, Domestic crude oil production was 2487 TMT as against production target of 2672 TMT, showing an achievement of 93.08%.18As on 31st March 2019: 2
- Estimated reserves of crude oil in India stood at 618.95 mn tonnes
- Estimated reserves of natural gas in India stood at 1380.63 bn cubic meters
- Estimated reserves of coal in India stood at 326.49 bn tonnes
The estimated conventional hydrocarbon resources in 26 sedimentary basins stood at 41.87 bn tonnes (oil and oil equivalent of gas), an enormous increase of about 49% in comparison to the earlier estimate of 28.08 bn tonnes. 3India is the second-largest refiner in Asia after China. It is emerging as a refinery hub with refining capacity exceeding demand. 3 The country’s refinery capacity has increased to 247.57 MTPA. 4The demand for energy is expected to grow at Compound annual growth rate (CAGR) of 4.2% from 2017-2040.
17th November 2020 – Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas & Steel mentioned about signing of contracts for 11 oil and gas blocks offered under the Open Acreage Licensing Policy (OALP) Bid Round-V which is a market friendly policy driving self-reliance in the energy sector.
6th November 2020: Union minister of Petroleum and Natural Gas has organized a webinar on “LNG as a Transport Fuel” to make people/users aware about the benefits of the fuel. LNG is a fuel of the future, and its cost benefit and other advantages over other fuels must be communicated in an aggressive and specific manner.
30th October 2020: Global industry and experts were invited by the Union Minister of Petroleum and Natural Gas & Steel to become partners in India’s shared prosperity by enhancing India’s production of all forms of energy. This will be reflective of the importance the Government of India attaches to improve the energy security, architecture and transform our energy landscape.
26th October 2020: Hon’ble PM Narendra Modi interacted with CEOs of leading Global Oil & Gas Companies to grow as world’s third-largest energy consumer, which is likely to see over USD 300 billion investment by 2030 in the Oil & Gas sector to meet rising demand. Currently, India is an important player in the global Oil and gas sector being the 3rd largest consumer of crude oil and the 4th largest LNG importer.
16th October 2020: Shri Dharmendra Pradhan, Hon’ble Minister of Steel & Petroleum and Natural Gas aims to provide a level-playing field to the industries towards wealth creation and further boost the Atmanirbhar Bharat Abhiyaan. Moreover the government ensures absolute clarity and transparency in the policies and reforms to enhance the investors’ ease of doing business experience in India.
13th October 2020: Shri Dharmendra Pradhan, Hon’ble Minister of Petroleum invited Kuwait personnel to invest in India. Kuwati is an oil-rich Gulf nation and important and trusted partners in achieving energy security.
8th October 2020: The Cabinet Committee on Economic Affairs has approved ‘Natural Gas Marketing Reforms’, to move towards gas based economy. The policy aims to provide standard procedure for sale of natural gas in a transparent and competitive manner to discover market price by issuing guidelines for sale by contractor through e-bidding.
6TH October 2020: Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan today dedicated 42 CNG stations and 3 City Gate Stations of Torrent Gas to the service of the community. Total $60 billion Investment being made in the gas infrastructure.
In April 2018, during PM Modi’s visit to Sweden, Biopharmaceutical firm AstraZeneca said it will invest around ₹ 590 crore ($90 million) in India over the next five years.
The Pharmaceutical industry in India is the 3rd largest in the world in terms of volume. 1India, known as the Pharmacy of the World, is the largest provider of generic drugs and one of the biggest suppliers of low-cost vaccines globally. 1India has contributed significantly to global healthcare by ensuring high quality, affordable and accessible medicines around the world. 1The pharmaceutical exports from India reach more than 200 nations around the world, including highly regulated markets of the USA, West Europe, Japan, and Australia. 1About 20% of the global exports in generic drugs are met by India. 1 The Indian pharmaceutical industry is the third largest in the world by volume and 14th largest in terms of value. It contributes 3.5% of the total drugs and medicines exported globally.
Ports & shipping
India has 12 major ports and around 200 non-minor ports.1The total cargo handling capacity of Indian ports is about 2400 million tonnes per annum (MTPA).2Ports in India handle approximately 95% (by volume) and 68% (by value) of India’s external trade.3India is one of the world’s top 5 ship recycling countries and holds 30% share in the global ship recycling market.
13th October 2020: Public Procurement (Preference to Make in lndia) to provide for Purchase Reference (linked with local content) in respect of Shipbuilding / Ship repairs.
28th October 2020: The Government of India (Department of Post) and United States Postal Service signed an agreement for Electronic Exchange of Customs data related to postal shipments. Due to this agreement now it will be possible to transmit and receive electronic data of international postal items prior to their physical arrival and this would enable customs clearance of postal items.
27 October 2020: hri Mansukh Mandaviya inaugurates ‘Direct Port Entry Facility’ at V.O. Chidambaranar port. This will boost the Ease of Doing Business for the exporters, as the facility will bring efficiency and reduce dwell time, lower tariff cost and improve the competitiveness of shippers in international trade.
22 October 2020: Shri Mansukh Mandaviya, Hon’ble Minister of State for Shipping in order to promote the demand of the ships built in India reviewed the ROFR (Right of First Refusal) licensing conditions. This will promote ‘Make in India’ and will give a strategic boost to domestic Ship building industries, contributing towards long-term economic growth of India.
20th October 2020: Shri Mansukh Mandaviya, Hon’ble Minister of Shipping has launched the development of Indigenous Software solution for Vessel traffic services (VTS) and Vessels Traffic Monitoring Systems (VTMS). VTS and VTMS give emphasis to the development of indigenous systems instead of relying on high costing foreign made software solutions for Traffic Managements of the Indian Ports.
- Alstom/GE Transportation: The French and American rolling stock manufacturers announced ₹400 billion (US$5.6 billion) locomotive manufacturing factories in Madhepura and Marhaura in Bihar.
- Hyperloop One: The American company working to commercialise Hyperloop, signed a Framework Agreement with govt. of Maharashtra to begin the development of the route from Mumbai to Pune, starting with an operational demonstration track.
- Train 18 began operating tests in October 2018. It is a semi-high speed train, 80% domestically sourced.
- CRRC: The Chinese Giant announced in 2016 that it is going to set up a Railway equipment plant in Bavo, Haryana in DMIC with an investment of $69.5 million.
In February 2018, during Uttar Pradesh investors summit. Avaada Power and ReNew Power announced Solar projects worth ₹ 10,000 crores ($1.4 billion) and ₹8,000 crores ($1.1billion) each. During Magnetic Maharashtra: Convergence 2018, ReNew Power signed an MOU with govt. of Maharashtra and announced solar projects worth $2.17 billion.
In August 2016, NLC India announced that it is going to set up a 500MW Solar Power Plant in Odisha at the cost of ₹3,000 crores ($441 million)
Roads and highways
Space and astronomy
In May 2017, the Union Cabinet approved the construction of 10 indigenously-built Pressurised Heavy Water Reactors (PHWRs). The contracts for the reactors worth an estimated ₹70,000 crore (US$9.8 billion) will be awarded to Indian companies. The construction 10 reactors with a combined nuclear capacity of 7 GW is also expected to create 33,400 direct and indirect jobs.
During Odisha investor summit, NLC India signed an MOU with govt. of Odisha to set up a 2,000MW Thermal power plant at the cost of ₹15,000 crore($2.2 billion)
Textiles and garments
Wellness and Healthcare
International healthcare firm Columbia Asia announced in June 2017, that it will invest over ₹400 crores ($60 million) to set up two new hospitals in India by the end of 2019 as it looks to expand presence in the country. In Assam investor summit, Indo-UK Institute of Health announced that it will set up a medical city in Guwahati at cost of ₹1600 crore ($231 million). During Happening Haryana summit, Patanjali group announced that it would set up a Healthcare university and a healthcare centre with an investment of ₹5,000 crore ($735 million). In April 2015, Patanjali Ayurved announced that it is going to open 10000 Yoga Gym in Haryana to promote wellness, develop positive thinking among youths and immunise them from day-to-day ailments.