Make in India: GK, General Studies and Current Affairs

ICMR approves “COVIRAP” test developed by IIT Kharagpur

The Indian Council of Medical Research recently approved the covid-19 test called COVIRAP. It is a Diagnostic machine that was developed by the Indian Institute of Technology Kharagpur. This kit gives close test results as produced by RT-PCR. Key highlights COVIRAP is user friendly and is of low cost. It determines the results in less ..

GoI approves 10 PLI projects of Rs 10.5 trillion in electronics manufacturing sector

On October 6, 2020, the Government of India approved 16 proposals under two flagship schemes (Make in India and Atma Nirbhar Bharat Abhiyan) in the electronics manufacturing sector. The projects are expected to bring Rs 11,000 crores of investments in the local electronics manufacturing sector. This in turn will increase the production in the sector ..

Defence Acquisition Council approves Rs 2,900 crores

On September 28, 2020, the Defence Acquisition Council approved Rs 2,900 crores for the acquisition of Indian Defence Equipment. Highlights The procurement includes 72,000 assault rifles from the United States. It also includes procurement of domestic and foreign vendors. The other procurement under the approval includes Smart Anti Airfield Weapon and Static High Frequency Trans-receiver ..

Defence Minister releases new Defence Acquisition Procedure

On September 28, 2020, the Defence Minister Raj Nath Singh released a new Defence Acquisition Procedure, 2020. It has special incentives for products that are designed and developed by Indian vendors. Also, the procedure includes manufacturing category that encourages foreign investors and manufacturers to set up manufacturing facilities in the country. Key Highlights The Defence ..

India-World Bank: Loan comes with the condition of “Universal Eligibility” affects Make in India

In May 2020, the World bank had sanctioned 1 billion USD of loan to India. This is the highest ever loan sanctioned by the bank to India. About the loan The loan was provided to help India prevent, detect and respond to COVID-19 crisis. The funds provided were exclusively for the India COVID-19 Emergency Response ..