India and Russia can now share army bases, ports, and air bases and station up to 3,000 military personnel in each other's territory, as the Indo-Russian Reciprocal Exchange of Logistics Agreement (RELOS) - signed between New Delhi and Moscow in February 2025 - has become operational. The pact was signed in Moscow to boost military cooperation and logistics support between India and one of its most reliable allies. The agreement, under which India and Moscow agreed to station five battleships, ten fighter planes and 3,000 soldiers on each other's soil, will remain in effect for 5 years and can be extended, reported the Russian news agency, Sputnik. The bilateral agreement extends India's strategic reach to the Arctic region -- which is fast becoming the global maritime hotspot, as Russia and China have been increasing their presence in the vast maritime wilderness. New Delhi will be able to access the massive ports in Russia's Murmansk and Severomorsk. Moscow is eye...
The government has received 32 applications for production-linked incentive (PLI) scheme 2.0 for IT hardware, of which 25 are domestic companies, IT Minister Ashwini Vaishnaw told reporters in Delhi on Wednesday.
The announcement comes days after the government announced restrictions in laptop imports from November.
All of them are driven to gear up manufacturing and bring in supply chains.
Mr Vaishnaw said companies like HP, Dell, Lenovo, Thompson, Acer, and Asus will be manufacturing laptops under the scheme. HP, VVDN, Lenovo will be manufacturing servers.
He said Apple has not applied under the PLI framework, but the company is already manufacturing components.
This move should see a significant reduction in the import of laptops and PCs, Vaishnaw said, adding that "import restrictions are not a worry anymore."
"I spoke to all the applicants, and they didn't raise any concern," he said.
The minister said incremental production expected is around Rs 3.35 lakh crore and the expected direct employment is around 75,000.
"The upcoming Dixon factory in Noida will alone employ 25,000 people," he said.
Manufacturing of laptops will begin by April 2024, officials said, as companies such as Dell are also migrating to PLI scheme.
When asked if India is optimising on big players quitting China with its economy slowing down, Mr Vaishnaw said India is emerging as a trusted value chain partner.
"Many of these companies will use the semiconductors manufactured in India. In fact, they were pleased we are starting with the manufacturing of memory first, which is crucial for laptops. Companies have shared their detailed proposals. We are optimistic more will join," he said.
from NDTV News- Special https://ift.tt/BeA0am6
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