Day: 7 March 2024

Hon’ble Union Minister of Finance, Smt. Nirmala Sitharaman,was presented with two valuable books by Shri S. RamannCMD, SIDBI

Vijay Raman

The Hon’ble Union Minister of Finance, Smt. Nirmala Sitharaman, heralded for her unwavering commitment to fostering economic growth and stability, was presentedtoday with two insightful books by , Shri Sivasubramanian Ramann, Chairman and Managing Director, SIDBIwhich showcased pioneering work undertaken by SIDBI.  The first book, titledPrabhaav is an Impact Study of Fund of Funds, reveals thetransformative effects of fund allocation strategies under the Start Up Fund of Funds scheme of the Govt. Through meticulous research and analysisreveals how thescheme has resulted in all-round outcomes due to the catalytic effect of…

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IDTechEx: Linking Car Electrification, Battery Chemistries, and Copper Demand

Vijay Raman

Author: Dr James Jeffs, Senior Technology Analyst at IDTechEx Copper is a critical material in the manufacturing of all vehicles, regardless of whether they are powered by gas, diesel, electricity, hydrogen, or even liquid natural gas (LNG). The demand for copper from the automotive industry was just over 3MT (1MT = 1 billion kilograms) in 2023 but is set to increase to 5MT in 2034. This 4.8% compound annual growth rate (CAGR) was the finding of a new report from IDTechEx, “Copper Demand for Cars 2024-2034: Trends, Utilization, Forecasts”, and…

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Gujarat will buy 600 MW energy from NLC

Vijay Raman

NLC India Limited yesterday said its wholly owned subsidiary NLC India Green Energy Limited (NIGEL) has won a 600 MW solar power project in the GSECL Khavra Solar Park tender issued by Gujarat Energy Development Corporation Limited. According to NLC India, a Navratna public sector company under the administrative control of the Coal Ministry, it had set up NIGEL for renewable energy projects. In line with the policy of developing renewable energy projects under its subsidiary, NLC India has handed over the project development to NIGEL. As its first initiative, NIGEL signed…

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India recorded good growth in exports

Vijay Raman

India's agricultural products exports to key markets like Iraq, Vietnam, Saudi Arabia and UK increased significantly during April-November 2023. in the same period last year, according to data released by the Agricultural and Processed Food Products Export Development Authority (APEDA) on Wednesday. APEDA said its forward-looking strategy includes expanding India's export basket with initiatives focused on priority products such as fresh fruits, vegetables, processed foods and animal products to reduce dependence on a few products and move up the value chain. Involves a change in direction. In response to feedback from exporters,…

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Launch of 2 STPI centers in Thiruvananthapuram and Kochi

Vijay Raman

To significantly boost the Electronics, IT and Startup ecosystem in Kerala, the Union Minister of State for Electronics & IT, Skill Development & Entrepreneurship and Jal Shakti, Shri Rajeev Chandrasekhar has launched new Software Technology Parks of India (STPI) centers at Thiruvananthapuram and Kochi. Also inaugurated. He said that the startups, entrepreneurs and youth of Kerala should get the opportunity to be at the forefront of India's transformation in semiconductors. Announcing that the upcoming Bharat Semiconductor Research Center (BSRC) will have a regional center here at the Indian Institute of Space…

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Indian scientists develop new method for energy-efficient hydrogen production

Vijay Raman

Scientists have identified a new catalyst that can efficiently oxidize urea and pave the way for better production of green fuels while reducing energy demands for hydrogen production by urea-supported water splitting. Is. Recognizing the importance of hydrogen energy in reversing climate change, the scientific community is accelerating efforts to revolutionize the production of hydrogen, a key component in the clean energy landscape. The electrolytic production of hydrogen at the cathode, despite being naturally clean and green, is hindered by the demand for energy expended in the process of oxygen formation…

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