The Department for Promotion of Industry and Internal Trade (DPIIT) has launched a strategic partnership with HCLSoftware to significantly enhance India’s startup manufacturing ecosystem. This alliance, announced on October 23, 2024, is a critical element of DPIIT’s Manufacturing Incubation Initiative, aimed at fostering innovation and supporting startups within the manufacturing sector. The partnership is expected to align with India’s broader goal of becoming a global manufacturing hub. DPIIT has previously signed over 80 Memorandums of Understanding (MoUs) with various industry stakeholders under the Startup India initiative, reflecting a strong commitment…
Read MoreDay: 26 October 2024
Indian Navy launched its seventh ship ‘Abhay’
On October 25, 2024, the Indian Navy marked a significant milestone with the launch of ‘Abhay’, the seventh ship in the Anti-Submarine Warfare Shallow Water Craft (ASW SWC) project, built by Garden Reach Shipbuilders & Engineers (GRSE). This event took place at the L&T shipyard in Kattupalli, and was presided over by Vice Admiral Rajesh Pendharkar, Flag Officer Commanding-in-Chief of the Eastern Naval Command. In a time-honored maritime tradition, the ship was launched by Mrs. Sandhya Pendharkar, President of the Navy Welfare and Wellness Association (NWWA) for the Eastern Region.…
Read MoreUS Chips Act Set to Reshape Helium Demand in the US
Author: Dr Shababa Selim, Technology Analyst at IDTechEx Two years after signing the US Chips Act into law for onshore chip manufacturing, over US$30 billion of the total US$39 billion in direct incentives have been awarded to date. With the remainder set for allocation by the end of the year, the US Chips Act is progressing steadily. Given helium’s critical role in semiconductor production, onshoring chip manufacturing will have a significant knock-on impact on the helium demand for semiconductor manufacturing. According to IDTechEx forecasts in its report on the…
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