India and Italy have decided to set up a fast track mechanism to facilitate investors and companies. The meeting was attended by Ambassador of Italy to India, Lorenzo Angeloni and Secretary of Department of Industrial Policy and Promotion, Ramesh Abhishek. The fast-track system in Italy aims to identify and solve problems faced by Indian companies and investors.
A joint venture of a Kalyani group firm and Israel’s Rafael Advanced Systems has secured a $100 million contract for manufacturing 1,000 Barak-8 MRSAM missile kits. Kalyani Rafael Advanced Systems will manufacture the kits at its production facility near Hyderabad and supply them to Bharat Dynamics for further integration. The product will be used by the Indian Army and the Air Force.
India handed over 250 pre-fabricated houses to Myanmar in Maung Daw for use of displaced returnees from Bangladesh. The Indian government had taken up the project under its Rakhine State Development Programme for $ 25M for a period of five years.
Defence Ministry has signed an MOU with the Intellectual Property Facilitation Celland National Research Development Corporation in connection to the mission Raksha Gyan Shakti. The MoU will bridge the capacity shortfall and provide a major fillip to the ongoing efforts of the Defence Ministry towards promoting a culture of Innovation and Intellectual Property Rights in the Defence industry. The aim of Raksha Gyan Shakti is to inculcate Intellectual Property culture in Indian defence manufacturing ecosystem.
Prasar Bharati and IIT Kanpur signed an MoU for research collaboration in newly emerging technologies and broadcasting-related areas in New Delhi. The move is likely to boost research activities in the broadcasting field.
Vihaan Networks Ltd (VNL) has inked a pact with Vietnam to develop digital villages. Vihaan Networks Ltd will offer solutions for advancing rural connectivity by developing digital villages in Vietnam’s underserved areas through solar-based cellular and broadband solution.
National Highways Authority of India (NHAI) and National Investment and Infrastructure Fund (NIIF) signed an MoU for funding highway projects. The MoU is related to co-operation in formation of SPVs to execute the fund arrangement for large size road projects particularly green field projects to be executed by NHAI in future.
Indian Space Research Organisation has signed a contract with Russia’s Glavkosmosfor selection support, medical examination and space training of Indian astronauts. ISRO has planned to send two unmanned missions before the mission ‘Gaganyaan-1’.