Make in India Current Affairs - 2020

GoI extends Foreign Trade Policy

On April 1, 2020, the Government of India notified that the export schemes such as Export Promotion Capital Goods and Duty-Free Import authorization are to be extended by one year. Also, GoI has planned to extend Foreign Trade Policy 2015-20 by another one year till 2021. Objective of the policy The policy aims at making Read More…

First “Made in India” COVID-19 Test Kit gets commercial approval from CDSCO

A Pune based testing services MyLab has become the first Indian company to get an commercial approval from CDSCO for the sales of COVID-19 testing kits sale. About the Kit The kit was developed by MyLab testing services. The testing time of COVID-19 in current lab testing services is 4 hours. However, MyLAb’s testing time Read More…

Incentive Scheme for Large Scale Electronics Manufacturing approved by Cabinet

On March 21, 2020, the Union Cabinet under PM Modi approved the Production Incentive Scheme for large scale manufacturing of Electronics. The main aim of the incentivisation is to increase investments in mobile manufacturing. Benefits The scheme aims to create more than 2 lakh jobs. The indirect employment opportunities are expected to be three times Read More…

Defence Acquisition Council approves procurement of 83 Tejas Fighter Jets

On March 18, 2020, the Defence Acquisition Council approved the procurement of indigenously built 83 Tejas fighter aircrafts for Indian Air Force. The proposal is to be placed under Cabinet Committee on Security. The proposal is considered as a major boost to Make in India. About the Aircraft The Light Combat Aircraft LCA-Tejas was designed Read More…

DefExpo 2020: India’s target in Defence Sector is 5 billion USD in next 5 years

The 11th edition of DefExpo (Defence Exhibition) was inaugurated by PM Modi on February 5, 2020. At the inaugural speech, PM Modi announced that India will work towards increasing its Defence economy to 5 billion USD. Highlights India announced at the DefExpo that it has aimed to develop 25 products based on Artificial Intelligence in Read More…