Industrial Development Current Affairs - 2020

Andhra Pradesh State Industrial Development Policy 2020-23

The Andhra Pradesh Government has launched a new State Industrial Development Policy for the year 2020-23. The policy aimed to create employment for youth and match national average in industrial GVA per capita. The previous Industrial Development Policy of the state was implemented between 2015-20 Highlights The policy was unveiled by the State Industries Minister Read More…

Gujarat Industrial Policy 2020

On August 7, 2020, the Gujarat State Government launched the “Industrial Policy 2020”. The policy aims to provide Rs 40,000 subsidies to the industries in the state in the next five years. Highlights The policy will help to lease lands to industrialists and also provide incentives to industrial parks. Under the policy, the Gujarat State Read More…

Cabinet approves to set up a 12-member Technology Group

On February 19, 2020, the Union Cabinet approved to set a technology group. The 12-member group will provide scientific advice on mapping of technologies, commercialization of dual use technologies and develop a road map on selected key technologies. The group will provide three major pillars of support namely Policy support, research and development proposals and Read More…

Cabinet approves Industrial Relations Code, 2019

On November 21, 2019, the Union Cabinet approved the introduction of Industrial Relations Code, 2019. This is the third code under labor reforms. Under the new code, forty-four laws are to be amalgamated into four codes. The four codes include wage rates, social security, industrial relations and industrial security and labor welfare. Features of the Read More…

India and Japan signs loan Agreement for Turga Hydel Project

India and Japan signed Loan Agreement worth Rs. 1817 crore for construction of Turga Pumped Storage (I)’ Hydel Project. On completion, this project will contribute to Industrial Development and Living Standard Improvement in the West Bengal. Key Facts This loan agreement was signed between Union Ministry of Finance, Government of India and Mr. Katsuo Matsumoto, Read More…