Nearly seven months after inauguration by PM Modi, grand plans have barely taken shape — hardly any offices have opened & many players who had left Mumbai for Surat have gone back.
Modi also inaugurated new terminal at Surat airport which will cater to additional load of 1,200 domestic passengers and 600 international passengers during peak hours.
Till now, Surat has been the diamond manufacturing hub & Mumbai the export base. However, Gujarat's ease of doing business & lower costs, could make Surat Diamond Bourse a hub for both.
At least eight diamond workers in Surat have died by suicide in the past three months with about 15,000 laid off while the industry's losses have increased from 1% to 15-20% annually in the last five years.
Surat Diamond Bourse, currently under construction, is expected to open in 3 or 4 months. It is expected to house nearly 4,400 merchants and employ about 1.5 lakh people.
Country's used lithium-ion battery problem is also set to grow sharply in next decade. India 3rd largest e-waste producer with 7% global share but currently recycles only about 10% of it.
Shield AI will provide V-BAT vertical takeoff & landing drones along with licences for software, which will be integrated into aircraft and made available to select Indian partners.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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