Mahindra, Osaka Ink Pact to Boost Japanese Investment
Mahindra Industrial Park Chennai (MIPCL), along with its Japanese stakeholder Sumitomo Corporation, has signed a strategic cooperation agreement with the Osaka Prefecture and Osaka Industrial Development Bureau to support Osaka-based businesses entering India.The partnership aims to streamline entry for Japanese manufacturers, providing support such as business visits, regulatory guidance, and market insights. MIPCL and Sumitomo will act as local facilitators, while Osaka authorities will identify and recommend companies for expansion.With India’s projected GDP growth of 6.3 per cent in FY25..
Govt Plans Mandatory Public Procurement of Green Steel
The Ministry of Steel is working on modalities to mandate public procurement of green steel, as part of its efforts to decarbonise the industry. A Rs 150 billion Green Steel Mission is being formulated to support emission reduction and move towards net-zero targets.The mission will include a PLI scheme, incentives for renewable energy use, and mandates for government agencies to buy green steel. Green steel is produced with significantly lower carbon emissions compared to conventional methods.Speaking at the India Steel Conclave 2025, a senior official said procurement mandates are under consi..
China Starts Building World's Largest Dam, Raising Regional Concerns
As per a report by BBC News, China has commenced construction of what is set to become the world’s largest hydropower dam on the Yarlung Tsangpo river in Tibet. The project, expected to surpass the Three Gorges Dam in capacity, has triggered concerns in India and Bangladesh due to its potential downstream impact. Experts warn that the dam could give China control over critical water flow into Arunachal Pradesh, Assam, and Bangladesh. Indian officials, including Arunachal Pradesh CM Pema Khandu, have termed it an existential threat to local communities. In response, India is planning a buffer..
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