Drillmec to invest $200 million in setting up global oil rigs manufacturing hub in Hyderabad
Italian oil and gas rigs manufacturer DrillmecSpA, which is a subsidiary of Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL), is investing $200 million (approx. Rs 1,500 crore) in setting up a global manufacturing hub at Shahabad on the outskirts of Hyderabad.
As part of the new investment, Drillmec will be setting up a manufacturing facility for oil rigs and ancillary equipment, R&D centre as well as a centre of excellence for imparting training in cutting-edge technology in this sector. Drillmec’s investment is expected to create job opportunities for about 2,500 people.
The Italian player also inked a Memorandum of Understanding with the Telangana government on Monday morning in the presence of Drillmec CEO Simone Trevisani and Telangana industries minister KT Rama Rao.
As part of the agreement, DrillmecSpA and the Telangana government’s department of industries & commerce will also be floating a special purpose vehicle (SPV) for setting up an equipment manufacturing unit.
DrillmecSpA CEO Simone Trevisani said the Italian player is also interested in future investment in the Hydrogen fuel project in India.
CHIRU Naval Drills
CHIRU is a naval exercise that China, Russia, and Iran recently performed in Oman.
China sent the missile destroyer Urumqi to participate in the exercise. The countries are now looking for ways to strengthen their military ties.
Russia sent a task force from its Pacific Fleet to participate in the exercise.
The Admiral Tributs anti-submarine warfare ship and the Nakhimov missile cruiser.
Military artillery fire was directed at sea targets by the countries.
They also participated in tactical maneuvering. During the exercise, the countries also practiced anti-piracy drills.
America COMPETES Act 2022
The America Competes Act of 2022, which was recently enacted, will create new opportunities for bright specialists worldwide.
Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength Act are all examples of COMPETES.
The act’s primary goal is to strengthen supply chains.
Under the legislation, the US government has made the following fund allocations:
To boost semiconductor production in the United States, a total of 52 million dollars has been set aside.
Forty-five million dollars will be used to give grants and loans and strengthen manufacturing and supply chain resilience.
Climate change, social and economic inequality, and immigration have all received funding.
The bill provides a new green card for entrepreneurs and exempts STEM (Science, Technology, Engineering, and Mathematics) professionals.
Digital Sansad Launched By Lok Sabha
the Lok Sabha secretariat unveiled a new app called “Digital Sansad.”
The digital sandad app was created to make it easier for citizens to track what’s going on in Parliament and with their legislators.
The App is compatible with both Android and iOS devices.
It contains all of the primary content of the Indian Parliament’s interconnected portal.
Om Birla, the Speaker of the Lok Sabha, is the creator of the Digital Sansad App. He wanted to make parliamentary sessions more available to the public through this software.
The legislature is required to keep its constituents informed about its daily operations.
Parliament must keep its communication channels current with the changing technology world to achieve this goal.
Mission Amanat Launched by Indian Railways
Mission Amanat has been launched by Indian Railways to assist travelers in tracking down their misplaced possessions.
The Railway Protection Force (RPF) of Indian Railways’ Western Railways zone has launched a new effort dubbed “Mission Amanat” to help travelers recover their misplaced luggage.
The details of lost bags and items and images will be posted on the zonal railway’s official website, https://wr.indianrailways.gov.in/, as part of Mission Amanat.
This will assist passengers in tracking down and recovering their misplaced goods and ensuring the safety and security of passengers, luggage, and personal effects.
MPATGM Successfully Test Fired By DRDO
The DRDO successfully test-fired the MPATGM’s final delivery configuration On 11 January.
The Man-Portable Anti-Tank Guided Missile (MPATGM) was successfully flight tested in its final “deliverable version” by the Defence Research and Development Organisation (DRDO). Bharat Dynamics Limited will manufacture MPATGM at their facilities in Bhanoor, Telangana.
The goal of the missile’s testing was to ensure that it performed consistently at a minimum range of 200-300 meters.
MPATGM has already completed a comparable test with a maximum range of 4,000 meters.
Following this successful test, the MPATGM system is now ready for mass manufacturing in India.
The purpose of this test was to demonstrate that the minimal range’s performance was constant. All of the mission’s goals were accomplished.
TSPSC Notes brings Prelims and Mains programs for TSPSC Prelims and TSPSC Mains Exam preparation. Various Programs initiated by TSPSC Notes are as follows:-
- TSPSC Mains Tests and Notes Program 2022
- TSPSC Group I Prelims Exam 2020- Test Series and Notes Program 2022
- TSPSC Prelims and Mains Tests Series and Notes Program 2022
- TSPSC Detailed Complete Prelims Notes 2022