CM to launch of Industrial and Investment Promotion Policy in Delhi
Jharkhand is all set to launch its very own industrial and investment promotion policy to revive business opportunities in the State and transform the image of Jharkhand from a State of mines and minerals to a State full of opportunities across multiple sectors. The Government-led by Chief Minister Hemant Soren has been working tirelessly to attract investment in Jharkhand and to create a vast range of business opportunities in the state. The CM envisions establishing the State as one of the first and foremost investment destinations in the country.
The CM will launch Jharkhand Industrial and Investment Promotion Policy 2021 at the Investor’s meet to be organised on August 27 and 28 in New Delhi. The investor’s meet will also include business to Government meetings with interested investors. During B2G, the Chief Minister will hold one on one meetings with all such stakeholders/ representatives from different business houses from across the country, where he will listen to the proposals and requisitions of investors for required interventions.
With the launch of JIIPP 2021, the State Government is looking towards promoting business opportunities in the field of Textile and Apparels, Automobile, Auto-Components and Electric Vehicles, Food and Meat Processing, Pharma, Electronic System Design and Manufacturing, Tourism, Health, IT & ITeS, Renewable Energy, Breweries and Distilleries, Startup and Incubation centres, Education and Technical Institutes and other MSMEs.
To establish the State as a hub of electronic manufacturing & system design, a dedicated Adityapur Electronic Manufacturing Cluster has been established near Jamshedpur under the aegis of Adityapur Electronic Manufacturing Cluster Limited, a special purpose company for the smooth functioning of EMC. Aditypur EMC is a greenfield project spread across 82 acres of land. The campus has 92 flatted factory units ready with plug & play facility. An area of 49 acres has been booked for open infra, which is ready to be allocated for 51 electronic manufacturing units.
The Government aims to attract an investment of up to Rs 1,00,000 crore through JIIPP 2021. To attract a large number of investors the Government has proposed many attractive incentive provisions. The proposed Jharkhand Industrial and Investment Promotion policy promises investors up to 100 per cent relief from SGST for up to 9 Years whereas 75 per cent for large scale industries which is again for up to 12 Years. The policy incentivises investors up to Rs 25 crore as a comprehensive investment project subsidy with an additional 5 per cent incentive provision for SC/ST/Women/Specially abled investors. Apart from these, the policy has provisions for Early Bird Subsidy, Anchor Subsidy, Interest Subsidy, Power Subsidy and many more.
Jharkhand is one of the largest producers of Tasar silk in India, 2nd Largest producer of Horticulture crops, ranked 5 th in Ease of Doing Business. 33 National Highways pass through Jharkhand, the state has excellent Rail, Road, Air and Port connectivity. Also, India’s 2nd multi-model water port has been made in the state of Jharkhand on the river Ganges, which opens up industries established in Jharkhand to the global market. It creates an excellent opportunity for the investors to connect to the markets of Indo-Nepal-Bangladesh and North-East through waterways.
The Government strives for industrial development in the State. To achieve desired results the Government is planning to attract new investments but also wants to revive ill/sick industrial units. The government has marked industrial units which can be revived and turned into production units, such industrial units will be restarted under the beneficial provisions of JIIPP 2021.
5th edition of Indo-Kazakhstan Joint Training Exercise
This joint training exercise will be conducted as a part of military diplomacy.
It seeks to strengthen the growing strategic relation with Kazakhstan.
Training exercise will be conducted at Aisha Bibi in Kazakhstan.
Significance of the exercise
Joint training exercise will help in boosting bilateral relations between India and Kazakhstan.
It will also provide an opportunity for the Armed Forces of India Kazakhstan to train for Counter Insurgency Counter-Terrorism operations across mountainous and rural scenarios in accordance with the United Nations mandate.
It will further help in strengthening mutual confidence, inter-operability and enable sharing of best practices between armies of both the country.
Hybrid Warfare refers to the use of unconventional methods under the multi-domain warfighting approach with the aim of disrupting and disabling actions of opponents without engaging in open hostilities.
India’s exports to ASEAN to be at $46 billion in FY22
India-ASEAN Engineering Partnership Summit was inaugurated on August 23, 2021.
It was organised by the Engineering Exports Promotion Council (EEPC) in association with the Ministry of External Affairs and Department of Commerce.
While addressing the inaugural session, the minister noted that, ASEAN is one among the largest destinations for Indian exports and will act as an important region for India in meeting the global export target of USD 400 billion for the financial year 2021-22.
An E-Book on India-ASEAN trade and investment was also launched that emphasizes on the engineering and MSME sector.
Year 2021 marks the 25th anniversary of India-ASEAN dialogue partnership and 10 years of the Strategic Partnership.
India’s first mRNA-based COVID-19 vaccine
First mRNA-based covid-19 vaccine, called HGCO19, is being developed by a Pune-based biotechnology company, Genova Biopharmaceuticals Ltd.
The company submitted its interim clinical data for Phase I study to the Central Drugs Standard Control Organisation (CDSCO) to get the further approval.
According to the Ministry of Science and Technology, interim Phase- I data suggests that HGCO19 vaccine is safe, tolerable, and immunogenic.
m-RNA Vaccines work by training the body in order to recognise and respond to the proteins that are produced by disease-causing organisms like virus or bacteria. mRNA vaccines trick the body to produce viral proteins itself. They work by using messenger RNA (m-RNA) which is the molecule that puts DNA instructions into action.
SUJALAM campaign launched by Jal Shakti Ministry
SUJALAM Campaign is a 100 days campaign launched as a part of the Azadi Ka Amrit Mahotsav celebrations.
This campaign seeks to create more ODF Plus villages by undertaking waste water management across villages in India.
During the campaign, ten lakh Soak-pits will be created.
Efforts under the campaign would be directed towards achieving the ODF plus status for villages in an accelerated manner.
This scheme was launched with is focus on ensuring that all newly emerging Households across the village have access to toilets.
ODF+ and ODF++
It was launched in 2018 with the objective of scaling up and sustaining the work undertaken by the cities after they achieved Open Defecation Free (ODF) status under Phase I of the Swachh Bharat Mission — Urban (SBM-Urban) scheme.
Samarth Scheme: 1,500 artisans benefitted by training
Textile Ministry has adopted about 65 clusters for overall development of artisans in a timely manner. Ministry achieve this by ensuring self-sustainment of artisans across these clusters.
Upskilling of the handicraft artisans are being done by providing technical and soft skill trainings under SAMARTH scheme. It also brings about sustainable livelihood.
About Samarth Scheme
Textile ministry launched a “Scheme for Capacity Building in Textile Sector (SCBTS)” in 2017 in order to fill the skill gap in textile industry. Scheme was approved for entire value chain of textile industry except weaving and spinning in organised sector. SCBTS scheme is currently known as Samarth scheme. It was launched with an outlay of Rs.1,300 crore for three years (2017-18 to 2019-20).
Labour ministry to launch e-Sharm Portal
This portal will help in bringing millions of unorganised workers in India on a common platform.
As per an estimate, 92% of India’s workforce of 500 million is unorganised. They are often deprived of minimum wages and other forms of social security.
About e-Sharm Portal
e-Sharm portal will be a single-point reference that will help authorities to reach out to and track workers across informal sector. It will also offer welfare in times of crisis.
NDUM will comprises of migrant workers, construction workers, gig and platform workers, domestic workers, street vendors, agriculture workers, migrant workers and other such sub-groups of unorganised workers.