Gujarat Affairs
Gujarat: Textiles units hurt by US-Europe inflation
Gujarat-based Home textiles manufacturers are struggling to get export orders. These manufacturers foresee tough times for almost six months, due to high raw material prices and high in key exports markets such as Europe and the US. Margins have fallen significantly and even after the start of the newcottonseason, the situation has not improved. Gujarat-based home textile manufacturers get around 75% of their revenue from exports.
Gujaratis a large manufacturer of home textiles and around 80% of our production is meant for export.
According to Industry players, Indian home textile exports were worth about $9 billion in the last financial year and the US accounts for more than 55% of India’s home textile exports, from where demand has been adversely affected.
National and International Affairs
National Mission for Clean Ganga Organizes Ganga Utsav – The River Festival
National Mission for Clean Ganga (NMCG) organized Ganga Utsav – The River Festival 2022 on 4thNovember at New Delhi in two sessions.
Ganga Utsav 2022 is dedicated to theAzadi ka Amrit Mahotsavthat is being observed to commemorate the 75 years of Indian Independence. As Ganga Utsav 2022 is held in the 75thyear of independence, it is planned to have 75 separate events in Ganga and its tributary basin cities and towns, by August 2023, 3-day events in 15 major cities like Haridwar, Mathura, Delhi, Kanpur, Varanasi, Patna, Bhagalpur, Kolkata etc., 1-day events in 60 smaller towns/cities, in which local and pan-India culture based events will be promoted.
Army approves five niche tech projects for development by domestic industry
The Army has approved five Project Sanction Orders (PSOs) for development of Niche technology by the Indian under Make-II route of DEFENCE procurement. The projects include High Frequency Man Packed Software Defined Radios (HFSDR), drone kill systems, Infantry Training Weapon Simulator (IWTS), Medium Range Precision Kill Systems (MRPKS) and 155mm Terminally Guided Munitions (TGM).
Make II projects are essentially industry funded projects involving design, development and innovative solutions by Indian vendors for development of prototypes. An assurance of order is given after successful prototype development.
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