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Cochin Shipyard Limited (CSL), India's largest state-owned shipbuilder, has entered into a memorandum of understanding (MoU) with South Korea's HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to enhance their global presence and bolster India's shipbuilding capabilities. This strategic partnership will focus on ship design support, equipment supply, technical collaboration, and workforce training. Based in Kerala, CSL has delivered 70 vessels over the past five years, including merchant ships and aircraft carriers. The collaboration aims to improve CSL's competitiveness and productivity while creating opportunities for vessel orders domestically and internationally. An HD KSOE official emphasized the importance of this partnership in strengthening their influence in India's burgeoning market. This initiative aligns with India's maritime policies, including the Maritime India Vision 2030, and follows the announcement of a ₹250 billion (USD 2.92 billion) Maritime Development Fund to enhance port infrastructure and shipbuilding. 
Published: Jul 07 2025, 1 pmeznews.inThe Food Safety and Standards Authority of India (FSSAI) has approved six new manufacturing units for recycled polyethylene terephthalate (r-PET), boosting the total authorized capacity to 150,000 metric tonnes per annum. This move, announced by the Association of PET Recyclers (APR) Bharat, aims to meet the growing demand for food-contact packaging from beverage manufacturers, who are required to use 30% recycled content in their PET bottles. Prior to this, only five out of 20 r-PET units had received FSSAI certification. The APR Bharat had previously warned that delays in approvals could jeopardize the financial viability of many companies in the sector. With an estimated investment of ₹7,500-8,000 crore, the industry has established a total capacity of around 400,000 metric tonnes for r-PET production. The FSSAI has committed to expediting further authorizations to support the industry’s growth.
Published: Jul 07 2025, 7 pmeznews.inRamco Systems, based in Chennai, is strategically targeting the burgeoning eVTOL (electric vertical take-off and landing) and Unmanned Aerial Vehicle (UAV) markets, according to CEO Sam Jacob. The company's Aviation ERP system supports clients throughout the eVTOL lifecycle, encompassing manufacturing, supply chain, maintenance, and flight operations. eVTOLs, designed for urban air taxi services, are still in their infancy, with fewer than 1,000 currently in operation globally. However, significant orders are emerging, particularly in West Asia and the US, where demand could reach between 5,000 and 10,000 units. Ramco, which began focusing on aviation in the early 2000s, sees eVTOL as a key growth area, with the market projected to expand from ₹76 crore in 2024 to ₹1,734 crore by 2035. The UAV market is also set for substantial growth, expected to rise from ₹3,720 crore in 2024 to ₹15,721 crore by 2030.
Published: Jul 07 2025, 7 pmeznews.inIndia is seeking preferential market access for labour-intensive products in ongoing trade negotiations with the United States, aiming to secure a competitive advantage over rivals. Senior officials from the Trump administration are making last-minute efforts to finalize trade deals by the July 9 deadline, with indications that countries negotiating in good faith, including India and the EU, may receive extensions. New Delhi has proposed concessions across various sectors but insists on protecting its agricultural and dairy interests. US Treasury Secretary Scott Bessent noted that numerous new proposals have emerged, suggesting a busy period ahead. While the deadline for imposing higher tariffs on countries without agreements is likely to be postponed to August 1, the US has already issued tariff letters to 12 nations, which are not necessarily ultimatums but invitations to negotiate further.
Published: Jul 07 2025, 7 pmeznews.inUnion Minister Shivraj Singh Chouhan announced the Indian government's ambitious plan to boost maize production from 42.28 million tonnes to 86 million tonnes by 2047, emphasizing the need for crop diversification in Punjab and Haryana. Speaking at the annual maize summit organized by FICCI, Chouhan highlighted that this increase must be achieved without the use of genetically modified (GM) seeds, a stance he has consistently maintained. He called for the development of high-yielding seed varieties with enhanced starch content, urging scientists to focus on this area. While the average maize productivity in India stands at 3.5 tonnes per hectare, states like West Bengal and Bihar exceed this average. Chouhan also stressed the importance of fair pricing for farmers, noting that the current minimum support price for maize is set at ₹2,400 per quintal for the upcoming kharif crop, despite recent market prices falling below this threshold.
Published: Jul 07 2025, 7 pmeznews.inIn a significant step towards enhancing regional collaboration in the livestock and poultry sectors, the CLFMA of India, in partnership with the Sri Lanka Veterinary Association and the World Poultry Science Association, hosted the India-Sri Lanka Livestock Meet in Colombo on July 1 and 2. This two-day event marked the initiation of an institutional dialogue aimed at fostering cooperation in areas such as animal health, feed innovation, and policy alignment. Key attendees included Sri Lankan officials like Palika Fernando from the Ministry of Agriculture and Sulakshana Jayawardana from the Ministry of Financial Planning. Divya Kumar Gulati, Chairman of CLFMA, emphasized the potential for joint research and development, while Fernando expressed the Sri Lankan government's commitment to strengthening technical collaboration. The meet underscored the importance of partnerships in creating a sustainable livestock ecosystem, with CLFMA delegates highlighting their impact across India's livestock value chain.
Published: Jul 07 2025, 7 pmeznews.inIn a bid to enhance environmental sustainability and women's empowerment, Telangana Chief Minister A. Revanth Reddy announced ambitious initiatives during the launch of 'Vana Mahotsavam 2025' at PJT Agricultural University. The government aims to plant 18 crore saplings, encouraging citizens to plant in honor of their mothers and children, emphasizing the importance of nurturing nature. Reddy also outlined plans to empower women, committing to allocate 60 party tickets to women in the upcoming Assembly elections and highlighting various initiatives, including the establishment of solar plants, government schools for girls, and a substantial ₹21,000 crore in loans for women’s groups this year. Additionally, the government is facilitating free RTC bus travel for women and leasing 1,000 buses to women entrepreneurs. Reddy reiterated his vision of creating one crore women millionaires, aiming to expand self-help groups into urban areas, ensuring women lead dignified lives under the Indiramma regime.
Published: Jul 07 2025, 4 pmeznews.inParts of central Madhya Pradesh and adjoining Maharashtra are expected to experience the highest rainfall this week, as forecasted by the European Centre for Medium-Range Forecasts. Heavy rainfall is also anticipated across North-West India, with the India Meteorological Department (IMD) indicating increased precipitation in central Andhra Pradesh, Telangana, and northern Maharashtra due to favorable atmospheric conditions. A persistent low-pressure area over south-west West Bengal, coupled with a cyclonic circulation, is set to move through Jharkhand and north Chhattisgarh. Recent reports show extremely heavy rain in East Madhya Pradesh and Chhattisgarh, while other regions, including Odisha and Uttarakhand, also received significant rainfall. Despite surplus rainfall in North-West and Central India, the South Peninsula faces a deficit, particularly in Rayalaseema, which is at -32 percent. A fresh wave of rainfall is anticipated, potentially benefiting several rain-deficit areas in the coming week.
Published: Jul 07 2025, 6 pmeznews.inThe Indian Finance and Corporate Affairs Ministries are set to introduce four significant bills during the Monsoon Session of Parliament, commencing on July 21 and concluding on August 21. These include the Income Tax Bill, which will be redrafted following recommendations from a Select Committee, aiming to simplify the tax framework and enhance the taxpayer experience, with implementation expected by April 1, 2026. Additionally, the Insurance Bill seeks to amend the Insurance Act of 1938, raising the foreign direct investment limit to 100% while ensuring safeguards for Indian policyholders. A bill to ban unregulated lending activities will impose severe penalties, including jail terms, for offenders, while the Insolvency and Bankruptcy Code Amendment Bill will clarify that prior approval from the Competition Commission of India is not needed for corporate insolvency bids. These legislative moves are part of broader efforts to streamline regulations and foster economic growth.
Published: Jul 07 2025, 6 pmeznews.inUnion Defence Minister Rajnath Singh inaugurated the Controllers’ Conference 2025 at the DRDO Bhawan in New Delhi, emphasizing the need for significant reforms within the Department of Defence Accounts (DAD). Singh urged the DAD to prioritize swift, error-free decision-making and adopt transparent systems, positioning themselves as facilitators of state funds rather than mere controllers. He highlighted the evolving role of defence budgets as growth drivers in the national economy and called for the integration of defence economics into planning and assessments. Singh stressed the importance of internal reforms through self-evaluation, rather than relying solely on external audits, to enhance operational readiness and financial agility. He also noted the successful procurement of goods via the Government e-Marketplace, urging officials to maximize its use for transparency. The Minister reaffirmed the government's commitment to advancing indigenous defence manufacturing capabilities, advocating for faceless, time-bound payment systems to attract private sector participation.
Published: Jul 07 2025, 6 pmeznews.inHyderabad-based start-up Delta Things Private Limited has partnered with scientists from the Prof. Jayashankar Telangana State Agricultural University (PJTSAU) to create the iTrapper, an innovative light trap aimed at combating insect infestations, particularly the pink bollworm. Unlike traditional traps that harm beneficial insects and operate for limited hours, the iTrapper uses a specialized multiwavelength LED bulb and an integrated microcontroller to selectively attract and eliminate harmful pests while preserving beneficial species. The device is programmed to activate during specific times when targeted pests are active, ensuring ecological balance. Delta Things has sold over 15,000 units, generating approximately ₹50 lakhs in revenue, and is developing an advanced export variant with features like Bluetooth connectivity and cloud integration. The company is also collaborating with Germany’s Fraunhofer Heinrich Hertz Institute to validate the iTrapper's effectiveness and explore new applications, including attracting Mayflies for fish feed.
Published: Jul 07 2025, 6 pm
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