Make in India: Current Affairs, GK & News - 2020-2021

Reliance Defence inks Pact with Serbia’s Yugoimport to Manufacture Ammunition in India

Published: June 20, 2017

Anil Ambani’s Reliance Defence Ammunition which is a subsidiary of Reliance Infrastructure has entered into a strategic partnership with Serbia’s state-run Yugoimport to manufacture ammunition in India. The joint venture is expected to target business opportunities worth Rs 20,000 crore from Indian armed forces in the next 10 years. Salient Highlights The two companies will work jointly in the field of ammunition ..

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Union Cabinet Approves National Procurement Policy Giving Preference to Make in India

Published: May 25, 2017

The Union Cabinet Chaired by Prime Minister has given its approval for a national procurement policy that gives preference to ‘Make In India’ in government procurements. The policy aims to maintain the balance between promoting ‘Make in India’ and ensuring timely, quality and value-for-money products for the procuring government entities. Need The new policy will boost domestic manufacturing and ..

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India's first Medipark will be set up in Tamil Nadu

Published: October 8, 2016

India’s first Medipark (Medical Park) will be set up in Tamil Nadu at Chengalpet near Chennai, Tamil Nadu. It will boast of the first medical devices manufacturing park in the country. In this regard, the Union Cabinet has allowed HLL Lifecare, a miniratna public sector company to sub-lease over 300 acres of land for the ..

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Indian Army launches Army Design Bureau to reduce dependence on imports

Published: September 1, 2016

The Indian Army has set up Army Design Bureau (ADB) in an attempt to indigenise procurements and reduce import dependence. It has been established as part of the government’s ‘Make in India’ initiative and will integrate various stake holders in its long-term requirements. About the Army Design Bureau (ADB) ADB will provide a better understanding ..

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CCEA approves construction of new dry dock within Cochin Shipyard Limited

Published: July 21, 2016

The Cabinet Committee on Economic Affairs (CCEA) has given its approval for construction of a new dry dock within the existing premises of Cochin Shipyard Limited (CSL). The new dry dock will be set up at an estimated cost of 1799 crore rupees with an objective to augment the shipbuilding and repair capacity of the ..

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