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India Gazette
06-07-2025
- Business
- India Gazette
62 percent of GIM manufacturing investment commitments converted to project applications: MB Patil
Bengaluru (Karnataka) [India], July 6 (ANI): Karnataka Minister for Large and Medium Industries, MB Patil, stated on Saturday that Rs 3.4 lakh crore worth of formal project applications have been filed out of the 5.56 lakh crore investment commitments made for the manufacturing sector during the Global Investors Meet (GIM) - Invest Karnataka 2025. This amounts to a 62% conversion rate. Speaking at an exclusive session organised by the Confederation of Indian Industry (CII) in the presence of Union Minister for Commerce and Industry Piyush Goyal, MB Patil attributed this impressive conversion as a result of sustained post-MoU engagement with investors, ensuring that intent translates into tangible action. 'Companies such as Krones, Safran, TASL, and many others have already filed formal applications with the state, with several having already commenced groundwork. Additionally, with both IndiGo and Air India now operating MRO (Maintenance, Repair and Overhaul) facilities in Karnataka, alongside TASL's upcoming MRO unit and HAL's existing operations, Karnataka has truly earned its place as the 'MRO Capital of Asia',' Patil noted. Patil further stated that out of the total Rs 10.27 lakh crore worth of investment commitments received during the GIM, proposals valued at Rs 4.34 lakh crore or about 42 per cent, have already materialised into project applications. He positioned Karnataka as a reliable partner in the evolving global economic landscape. He said, 'As the world adopts the China+1 strategy and responds to uncertainties caused by global conflicts, Karnataka has emerged as a dependable and natural partner. We are building not just industrial parks, but self-contained ecosystems that are future-ready and innovation-driven.' The new State Industrial Policy, launched during the GIM, has been widely appreciated for its progressive and inclusive framework. The policy places a strong emphasis on sustainability by integrating decarbonisation goals, green regulatory frameworks, and dedicated promotion of green industrial practices. It also offers targeted additional incentives for Zone 1 and Zone 2 districts, supporting balanced regional development. (ANI)
Time of India
05-07-2025
- Business
- Time of India
Minister: 62% of manufacturing promises made at Global Investors Meet in project proposal stage
Bengaluru: Industries minister MB Patil said Saturday that 62% of investment commitments made to the manufacturing sector during the Global Investors Meet (GIM) held earlier this year have been converted into formal project proposals. "In total, Karnataka received investment commitments worth Rs 10.2 lakh crore at GIM 2025, of which Rs 4.3 lakh crore — about 42% — have already been converted into proposals. Of the Rs 5.5 lakh crore committed to manufacturing, proposals worth Rs 3.4 lakh crore have been submitted," Patil said at a session with union commerce and industry minister Piyush Goyal, organised by the Confederation of Indian Industry (CII). "This strong conversion rate reflects sustained post-MoU engagement with investors, ensuring that investment intent translates into tangible action," he added. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Patil said companies such as Krones, Safran, and TASL have already filed applications, with many starting groundwork. He also highlighted the state's emerging role in aviation and aerospace. "With IndiGo and Air India operating MRO (maintenance, repair, and overhaul) facilities, along with TASL's upcoming MRO unit and HAL's existing operations, Karnataka has truly earned its place as the 'MRO Capital of Asia'," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nysa: Ten aparat słuchowy może zmienić wszystko w 2025 roku DRUGIE UCHO Undo "As the world adopts the China+1 strategy and responds to uncertainties caused by global conflicts, Karnataka has emerged as a dependable and natural partner. We are building not just industrial parks, but self-contained, future-ready, innovation-driven ecosystems," Patil said. The minister also spoke about the new industrial policy launched at GIM or Invest Karnataka 2025. "The policy places a strong emphasis on sustainability, integrating decarbonisation goals, green regulatory frameworks, and dedicated promotion of environment-friendly industrial practices," he said.
The Hindu
25-06-2025
- The Hindu
Women Safety Wing teams up with Tata Advanced Systems to boost community policing
The Women Safety Wing of the Telangana police has signed a memorandum of understanding with Tata Advanced Systems Ltd. (TASL). The agreement, aimed at bolstering community-based policing efforts, was formalised under the banner 'Driving Policing Efficiency for Community Impact'. The agreement was signed in Hyderabad by Charu Sinha, head of the Bharosa Society for Protection of Women and Children, and Masood Hussainy, executive director of TASL. The collaboration seeks to strengthen vital safety units such as She Teams, Bharosa Centres, and Anti-Human Trafficking Units through technology interventions, capacity building and operational innovation. The initiative is designed to deepen community engagement, improve coordination among field personnel and ensure more effective, victim-centered support services by equipping field personnel and institutional mechanisms with modern tools and training. TASL has extended its backing through its corporate social responsibility framework. The partnership also encourages employee engagement through volunteering opportunities with Bharosa-supported initiatives. Officials expect the partnership to reinforce institutional capacity within the women safety wing and help position Telangana at the forefront of integrated community policing models focused on women and child protection.
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Business Standard
16-06-2025
- Business
- Business Standard
Datanomics: Private-sector collaboration to drive self-reliance in defence
Defence Minister Rajnath Singh recently said that India's annual defence production reached an all-time high of ₹1.46 trillion in FY25, nearly doubling from ₹0.74 trillion in FY17 New Delhi Listen to This Article With the success of Indian defence products in Operation Sindoor, India aims to showcase the export potential and combat readiness of its indigenous arms globally. Recently, Dassault Aviation and Tata Advanced Systems Ltd (TASL) signed four production transfer agreements to manufacture Rafale fighter jet fuselages in India, marking the first time this will be done outside France. Such private-sector collaboration is expected to boost India's self-reliance in the sector and support the 'Make in India' initiative. Steady climb in defence production Defence Minister Rajnath Singh has said India's annual defence production nearly doubled to ₹1.46 trillion in FY25 from ₹74,000 crore
Mint
15-06-2025
- Business
- Mint
Dassault CEO refutes Pakistan's claim of shooting down IAF's 3 Rafale jets, calls them ‘inaccurate'
India-Pakistan Conflict: Refuting Pakistan's claim that three Rafale jets were shot down during the May 7–10 conflict between India and its neighbour, Dassault Aviation CEO Eric Trappier labelled Islamabad's claims as 'inaccurate'. The French aerospace major is the manufacturer of Rafale jets, the Indian Air Force's most advanced fighter plane. 'The Indians haven't communicated, so we don't know exactly what happened. What we already know is that what the Pakistanis are saying is inaccurate,' Trappier told French magazine Challenges. Emphasising that the success of a military mission cannot be judged solely by the absence of losses, the Dassault CEO said: 'When you operate combat aircraft, you are carrying out a mission. The mission's success is not having zero losses, it's having achieved its objectives.' Pakistan had earlier claimed to have shot down six Indian jets between May 7 and 10 conflict. The conflict started after India launched attacks on terror sites in Pakistan and Pakistan-occupied Kashmir under Operation Sindoor in response to Pahalgam terror attack on April 22. Trappier further said: 'We'll see if there were losses, and if the war aims were achieved. When the truth comes out, some people may be surprised.' Dassault and Tata Advanced Systems Ltd (TASL) will jointly manufacture fuselage for Rafale combat jets in India from 2028 that will mark production of the critical component for the first time outside France. Under the partnership, TASL will set up a cutting-edge facility in Hyderabad to produce key fuselage sections for Rafale aircraft -- a venture that is being seen as a significant forward movement for India's aerospace sector. "Dassault Aviation and Tata Advanced Systems Limited have signed four production transfer agreements to manufacture the Rafale fighter aircraft fuselage in India, marking a significant step forward in strengthening the country's aerospace manufacturing capabilities and supporting global supply chains," the TASL said in a statement last week. The Dassault-Tata partnership came as the French company has emerged as a key contender for India's mega fighter programme under which it is acquiring 114 new jets for the Indian Air Force. Over a month ago, India and France signed an intergovernmental agreement sealing a mega deal to procure 26 Rafale marine jets at a cost of ₹ 64,000 crore.
