Deccan Region Today
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Business
Critical Minerals and Aviation Key to Next Phase of India-UAE Ties, Says UAE Minister
India and the UAE are exploring new areas of economic cooperation beyond merchandise trade, with joint investments in third countries emerging as a possible next step. UAE Minister of Economy and Tourism Abdulla Bin Touq Al Marri said the two countries could work together on projects linked to critical minerals. He was speaking at an Investopia Global event held in partnership with the Confederation of Indian Industry (CII). During his visit, Al Marri held meetings with Commerce Minister Piyush Goyal, Civil Aviation Minister Ram Mohan Naidu, Andhra Pradesh Chief Minister N. Chandrababu Naidu and Gujarat Chief Minister Bhupendra Patel.
Business
Karnataka's KWIN City to house top Indian, foreign universities; Phase 1 launch in December: MB Patil
Karnataka's proposed KWIN City near Kempegowda International Airport will house seven to eight universities, including some of India's top higher education institutions and foreign universities, with first phase set to be launched in December, Industries Minister MB Patil said. He mentioned that, Toyota has signed up for a 300-acre R&D and testing centre in the proposed township near Bengaluru airport, while Karnataka has already realised nearly Rs 5 lakh crore of the Rs 10.27 lakh crore investment commitments made at Invest Karnataka 2025.
Technology
Dreamfly Innovations To Boost India's Drone Battery Production
Advanced aviation battery technologies firm Dreamfly Innovations on Monday said it will set up a 40,000-sq ft aviation battery manufacturing facility in North Bengaluru, entailing an investment of Rs 40 crore. The facility will have an initial annual production capacity of 100 MWh, scalable to 200 MWh, the company said in a statement.
Business
Tamil Nadu rare earth corridor can become a magnet for investment: IREL
IREL (India)’s proposed mining and processing sites under a joint venture with TAMIN in Tuticorin will produce Neodymium-Praseodymium (NdPr) oxide, supplying for domestic NdFeB permanent magnets manufacturing programme said S B Mohanty, chairman and MD of IREL (India), a central PSU under the Department of Atomic Energy.