Tamilnadu Affairs
Saint-Gobain to invest Rs 6,000 cr to Rs 8,000 crore by CY 2025
French glass major Saint-Gobain will invest 6,000 to 8,000 crore for expansion of Indian operations in the next two years, as the global glass and building materials manufacturer is targeting revenue at 36,000 crore from India by CY2032. The company generated an annual revenue of 12,300 crore in CY2022 and aims at 40% YoY Growth.
It comes in the backdrop of India emerging as the third largest profitable market after the US and France for Saint-Gobain, which has operations in 75 countries.
With 60 manufacturing lines in 30 locations spread over nine states fromRajasthantoTamil Nadu, 14% of the turnover from the Indian operations is generated through exports. While 50% of the turnover is from glass related businesses, 30% is contributed by gypsum and construction chemicals and the rest by abrasives, ceramics and life sciences.
National and International Affairs
TheMumbai Coastal Road Project (MCRP)is a Rs 12,721-crore initiative by the Brihanmumbai Municipal Corporation (BMC) to link Marine Drive to theBandra-Worli Sea Link. The most significant feature of the project is the construction ofIndias first undersea tunnel, which is set to open by November 2023. The 2.07-kilometer twin tunnels run 17-20 meters below sea level, connecting Girgaon to Priyadarshini Park via the Arabian Sea, Girgaon Chowpatty, and Malabar Hill.
The construction of the twin tunnels involved cutting through complex geological strata using a massive Chinese Tunnel Boring Machine (TBM) and a team of 35 men. The TBM, named Mavala, is the largest ever used in India, weighing over 1,700 tonnes and standing about 12 meters tall. It was manufactured by the China RAILWAY Construction Heavy Company Ltd (CRCHI) and was assembled and launched a year ago.
The Indian Government has taken steps forNational Medical Devices Policyto implement thePLI Schemefor medical devices and establish 4 Medical Devices Parks inHimachal Pradesh, Madhya Pradesh, Tamil NaduandUttar Pradesh.At present, 26 projects worth Rs 1206 crore have been approved under the scheme, with an investment of Rs 714 crore realized.
In the next 25 years, we will achieve a 1012% market share in the expanding worldwide market while pursuing an accelerated Growth path with a patient-centric mindset. We will do this by being the world leader in the manufacture and innovation of medical devices. By 2030, the medical device is anticipated to rise from its current $11 billion in revenue to $50 billion.
Prime MinisterNarendra Modiinaugurated theNAMO Medical Education and Research Institutein Silvassa town, located in the Union Territory of Dadra and Nagar Haveli and Daman and Diu. The institute has been developed under the Ministry of Health and is spread over a lush green campus of 14.48 acres built at a cost of 203 crore. Here are five things to know about this new medical college.
The NAMO Medical Education and Research Institute has been built at a cost of 203 crore, and the foundation stone for the project was laid in January 2019. The institute is a significant addition to the healthcare of the Union Territory of Dadra and Nagar Haveli and Daman and Diu and is expected to improve the healthcare Services in the region.
Senator Nikil Savaltweeted that the state ofPennsylvaniain theUnited Stateshas declared Diwali, the Hindu festival, as a national holiday. The legislation to make Diwali an official state holiday was introduced by StateSenators Greg RothmanandNikil Savalin February of this year.
The bill was passed unanimously by the Senate. According to My Twin Tiers, there are almost 200,000 South Asian residents in Pennsylvania, many of whom celebrate Diwali as a time for gathering and reflection. Senator Saval expressed gratitude to Senator Rothman for the opportunity to introduce this bill and welcomed all Pennsylvanians who celebrate Diwali.
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