CM fiat to assess industry development prospects in State
Chief Minister Hemant Soren said there is ample scope for development of industries in Jharkhand.
The Government is constantly making efforts to provide facilities and giving concessions to investors to promote industrial investment and prepare a conducive environment for industries, he said, while giving several instructions to the officers in this regard in a high-level review meeting of the Industries Department.
Soren said Jharkhand has great potential in agro-based industries, especially in the field of food processing. There is also a need to encourage investment here.
He said single window system should be implemented effectively here too, so that investors can be attracted to come here. The CM said Jharcraft is the identity of this State. Apart from the good quality of Jharcraft’s products, its demand is also very high. But, accordingly, the market is not being available to Jharcraft.
India-UK Financial Markets Dialogue
The Financial Market Dialogue between India and the United Kingdom was conducted virtually.
The dialogue was established at the 10th Economic and Financial Dialogue in October 2020 to strengthen the bilateral financial relationship between the United Kingdom and India.
The discussion revolved around four main topics:
? GIFT City (Gujarat International Finance Tec-City), India’s premier international financial centre
? Banking and payment systems
? Capital markets
India Industrial Land Bank – IILB
The Industrial Land Bank of India is a GIS-based portal that contains all information related to industrial infrastructure, such as connectivity, infrastructure, natural resources and topography, plot-level information about open spaces, activity lines, and contact information.
? It serves as a one-stop shop for all industrial infrastructure-related data.
? It acts as a decision-support system for investors scouting land remotely.
? It is currently integrated with industry-based GIS systems from 17 states, allowing details on the portal to be updated in real time.
? The IILB has planned about 4,000 industrial parks on 550,000 hectares of land and is expected to achieve pan-Indian integration by December 2021.
? It is administered by the Department of Industry and Internal Trade (DPIIT).
Agriculture Infrastructure Fund – Central Sector Scheme
Union Cabinet has approved changes to the Central Sector Scheme of financing facility under the ‘Agriculture Infrastructure Fund’.
? State Agencies/APMCs, National and State Federations of Cooperatives, Federations of Farmers Producers Organizations (FPOs), and Federations of Self-Help Groups are now eligible (SHGs).
? Currently, the scheme allows for interest subventions on loans of up to Rs. 2 crore in a single location.
? If an eligible entity other than a private sector entity (i.e., state agencies, national and state federations of cooperatives, federations of FPOs, and federations of SHGs) establishes projects in multiple locations, all such projects will now be eligible for interest subsidies of up to Rs. 2 crore.
? However, a private sector entity will be limited to a maximum of 25 such projects.
? For APMCs, an interest subvention of up to Rs. 2 crore will be provided for each project of different infrastructure types, such as cold storage, sorting, grading, and assaying units, silos, and so on, within the same market yard.
INS Tabar Exercises was Held
The INS Tabar exercise was held with the Italian Navy near Naples, Italy, as part of a continuous deployment to the Mediterranean
? The exercise covered a broad range of naval operations, such as air defence procedures and communication drills.
? The exercise benefited both parties by improving interoperability and consolidating combined operations against maritime threats.
Major Indian Maritime Exercises:
? SLINEX – Sri Lanka
? Bongosagar and IN-BN CORPAT – Bangladesh
? JIMEX – Japan
? Naseem-Al-Bahr – Oman
? Indra – Russia
? Za’ir-Al-Bahr – Qatar
? Samudra Shakti – Indonesia
? Indo-Thai CORPAT – Thailand
? IMCOR – Malaysia
? SIMBEX – Singapore
? AUSINDEX – Australia
? Malabar Exercise – Japan, and the USA