GoI permits up to 74% FDI under automatic route in Defence Sector

On September 17, 2020, the Government of India permitted Foreign Direct Investment of 74 percentage under automatic route in defence sector. This is being done to attract more overseas investors in the defence industry. Highlights Till date, the Government of India has permitted 100% foreign investments in the defence sector. Of this 49% were allowed under ..

Month: Current Affairs - September, 2020

Category: Defence Current Affairs

Topics: Atma Nirbhar Bharat Abhiyan • Defence exports • Defence industry of India • DPIIT • Foreign direct investment • Geographical Indications • Industrial corridor • North East India • Reforms • self reliant india

GoI and ADB sign USD 451 Million Loan Agreement to Strengthen Power Connectivity in Tamil Nadu

The Asian Development Bank (ADB) and the Government of India (GoI) have signed a USD 451 Million(approx Rs 3,200 crore) Loan Agreement for strengthening the power connectivity between the northern and the southern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC). CKIC will also build an operational capacity for Tamil Nadu Transmission Corporation(TANTRANSCO), for which ADB ..

Month: Current Affairs - December, 2020

Category: States Current Affairs

Topics: Asian Development Bank • Chennai • East Coast Economic Corridor • Government of India • Industrial corridor • Kanyakumari • manila • Philippines • Tamil Nadu

First Coastal Economic Zone (CEZ)

In November 2017, the Union Government has given go-ahead for setting up India’s first mega coastal economic zone (CEZ) at Jawaharlal Nehru Port (JNPT) in Maharashtra. The first of its kind mega CEZ will stretch along north Konkan region spread across Mumbai, Thane, Pune, Nashik and Raigarh. About 45 companies across auto, telecom and IT ..

Topics: Academic disciplines • Business cluster • CEZ • Economy of India • Industrial corridor • Ministry of Shipping • Sagar Mala project • States and union territories of India