Amal Anzari

India is in talks with UAE, the fourth largest foreign investor in 2023 with $3.5 billion in Foreign Direct Investment (FDI), to increase its pledged $75 billion investment to $100 billion, Commerce and Industry Minister Piyush Goyal announced on Monday. Mr. Goyal also revealed the UAE's decision

Defence Minister Rajnath Singh announced a renewed focus on developing India’s defence ecosystem. He highlighted initiatives like defence industrial corridors, positive indigenisation lists (PILs), and the corporatisation of the Ordnance Factory Board. Singh urged increased private sector involvement and called on foreign companies and Original Equipment Manufacturers (OEMs) to

Dr Jitendra Singh, Minister of State (Independent Charge) for Science and Technology and Earth Sciences, announced that ₹1,000 crore (approximately $120 million) has been allocated for a venture fund aimed at supporting space startups in India.

During the sixth consecutive India-United States (US) Commercial Dialogue, a Memorandum of Understanding (MoU) was signed to “Expand and Diversify Critical Mineral Supply Chains.” This agreement aims to enhance cooperation in critical minerals exploration, extraction, processing, recycling, and related activities by leveraging the complementary strengths of both countries.

India has become an affiliate member of the International Medical Device Regulators Forum (IMDRF). The IMDRF, founded in 2011, is a global alliance of medical device regulators working to promote global regulatory harmonisation and convergence.

The Union Cabinet has approved India’s membership in the International Energy Efficiency Hub (IEEH), enabling collaboration with 16 countries to share energy strategies and solutions to improve energy efficiency.

According to Minister for Commerce and Industry, Piyush Goyal, investments under the Production Linked Incentives (PLI) are said to increase to ₹2 lakh crore ($24.1 billion), which stood at ₹1.46 lakh crore ($17.6 billion) in August 2024. He added, that PLIs have already resulted in production/sales

Highlights include PM Modi's upcoming visit to Laos for the ASEAN-India Summit, the National Conference's victory in J&K elections, and the BJP's third consecutive win in Haryana.