Addressing a SBI’s Fintech conclave, YONO inFINite 2018 in Mumbai on Tuesday, a senior official of Singapore’s central bank accentuated the need for an approach to fintech companies with an open-mind and building financial ecosystem around trusted identities and data infrastructure by India in order to successfully embark upon its journey of complete digitalisation.
India is the fastest growing domestic aviation market in the world, IATA’s Chief Economist Brian Pearce said.
Pressing on the need of India’s infrastructure development, World Economic Forum’s Executive Chairman Klaus Schwab said that India will require around 800 billion dollars fro developing its infrastructure in the coming decade.
Developing domestic lithium-ion battery manufacturing capacity and vehicle charging infrastructure across the country will be the focused domain of the ‘Faster Adoption and Manufacturing of Hybrid and Electric Vehicle (FAME II)’.
Australian Prime Minister Scott Morrison professed India to be a breeding ground for the business emanation as he seeks to boost two-way investment as part of deepening economic ties with the world’s second most populous country.
In comparison to the coal imports of the previous year, India has witnessed a surge in its imports from 142.25 million tonne (MT) to 156.08 MT in this fiscal year.
Mining dependents are scheduled to begin a three-day protest on Tuesday to accentuate for the resumption of mining in the state.
FAME II will have a major proportion being allocated for the development of electric vehicle charging infrastructure alongside local manufacturing of lithium-ion batteries, which form the core of electric vehicles.
USA, Japan, the UAE and Saudi Arabia are the nations which will be partnering India in its endeavor to develop strong infrastructure in the Indian ocean belt.
Covenant seeking cooperation in the field of geology, mining and mineral resources from India and Zimbabwe has been given high sign from the Union Cabinet on December 6.