Make in India Current Affairs - 2020

Ships built in India to get Priority in Chartering.

The Union Minister Mansukh  Mandaviya announced that  government has amended the existing norms related to the ships built in India. Under the new norms, first priority in chartering of the vessels would be given to ships built, flagged and owned by Indians. This decision align with the Atmanirbhar Bharat initiative. Highlights The decision promotes the  Read More…

India’s first advanced manufacturing hub (AMHUB) to be set up in Tamil Nadu.

The Advanced Manufacturing Hub (AMHUB) which is first of its kind in the country will be jointly set up by World Economic Forum and Guidance in Tamil Nadu. What is AMHUB? AMHUB is one among the nineteen platforms that has been designed by the World Economic Forum (WEF). Tamil Nadu’s nodal investment promotion agency called Read More…

DAC approved proposals for capital acquisition of equipment worth Rs. 2,290 crores

The Defence Acquisition Council (DAC) has approved the proposals for the capital acquisition of equipment that  the Armed Forces of India requires at an cost of Rs. 2,900 crores. The approval was given on September 28, 2020 by the Defence Minister Rajnath Singh. Approved Equipment’s The armed forces would procure 72,000 assault rifles from the Read More…

Defence Minister unveils Defence Acquisition Procedure-2020

The Defence minister Rajnath Singh unveiled the Defence Acquisition Procedure (DAP) -2020 today on September 28, 2020. The minister said that the new DAP 2020 will empower the Indian domestic industry through Make in India initiative. Highlights The DAP is in line with Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat. It aims of turning India Read More…

Public Procurement Order, 2017 -Amended To Curb Chinese Investment

he Government of India has amended the public procurement (Preference to make in India ) order 2017. These amendments would curb the Chinese investment in India. Key Facts The amendment states that the entities from other countries that do not allow Indian companies to participate in their government procurement procedures shall not be allowed to Read More…