Daily News - Tuesday, 9 November 2025
The Technology Centre Systems Programme of the Ministry of Micro, Small and Medium Enterprises (MSME) Expands Technology Centres to 27 and allocated Rs. 200 Crore (approximately $24 million) for 2025-26 (India Brand Equity Foundation)
The Ministry of MSME’s Technology Centre Systems Programme (TCSP) has expanded its network by adding nine new Technology Centres, bringing the total to 27 across India. For 2025‑26, the government allocated ₹200 Crore (≈ $24 million) to support operations, training, and technology adoption. In 2024‑25, these centres collectively trained over 3.28 lakh individuals, including entrepreneurs, employees, and youth seeking advanced vocational skills. The centres have introduced innovative programs in Artificial Intelligence, Robotics, and IoT, bridging the gap between MSME needs and industry offerings. This initiative strengthens India’s MSME ecosystem, creating a future‑ready workforce that boosts productivity, creativity, and national economic growth.
Indian State Telangana Targets US$1 Trillion Economy by 2034, $3 Trillion by 2047 (Hindustan Times)
At the Telangana Rising Global Summit 2025, Chief Minister A Revanth Reddy announced ambitious plans to transform the state into a $1 trillion economy by 2034 and a $3 trillion economy by 2047. Drawing inspiration from global models like China’s GuangDong province, Japan, Germany, South Korea, and Singapore, he emphasized deep consultation, expert guidance, and citizen aspirations as the foundation for progress. Telangana, which accounts for 2.9% of India’s population but contributes 5% of national GDP, aims to raise its share to 10% by 2047. The summit brought together global leaders, corporate executives, diplomats, and policymakers, reinforcing confidence in Telangana’s growth trajectory. Governor Jishnu Dev Varma also highlighted government support for women farmers and women’s groups, while panel discussions explored strategies for innovation and inclusive development.
India–Russia Trade to Surpass $100 Billion Before 2030, New Cooperation in EVs and Tourism (India Brand Equity Foundation)
India and Russia have agreed to deepen economic and strategic cooperation, with Prime Minister Narendra Modi announced that bilateral trade will exceed US$100 billion well before the 2030 target. At the India–Russia Business Forum in New Delhi, Modi emphasized strong momentum in trade through sustained dialogue and complementary economies. Both nations are working on a simplified trade mechanism and have begun discussions on a potential Free Trade Agreement. Cooperation is expanding into innovation and co‑production, including Electric Vehicle manufacturing, vehicle components, and wireless mobility technologies. Additionally, streamlined tourist visa processes are expected to boost mobility, tourism, business opportunities, and job creation in both countries.
Grape shortage threatens India’s wine industry as prices rise 25-30% due to unseasonal Rains in Maharashtra (NewsBytes)
Unseasonal rains in Maharashtra have devastated grape harvests, with Nashik and Sangli areas reporting 80–100% crop losses. As a result, farmgate grape prices have doubled from ₹70–80/kg last year to ₹140–160/kg now. This surge is expected to push wine prices up by 25–30% starting January 2026, especially for entry‑level bottles priced between ₹400–800. India’s wine exports worth ₹30-40 crore annually are also at risk, alongside fresh grape exports facing supply and quality challenges. NRCG scientists project a 50% statewide yield drop due to prolonged rainfall and inadequate sunlight. With wineries restricted to local produce due to tax rules, the industry faces a severe supply shock that threatens both domestic affordability and international competitiveness.
India’s Electronics Manufacturing Grows 6x in a Decade, Exports Hit US$ 39.2 billion in 2024-25 (India Brand Equity Foundation)
India’s electronics and semiconductor industry has expanded nearly sixfold in the past decade, rising from ₹1.9 lakh crore (US$22.8 billion) in 2014‑15 to ₹11.32 lakh crore (US$136 billion) in 2024‑25, driven by initiatives like Aatma Nirbhar Bharat and Make in India. Mobile device manufacturing surged under the PLI scheme, climbing from ₹2.2 lakh crore (US$26.4 billion) in 2020‑21 to ₹5.5 lakh crore (US$66.1 billion), with local manufacturers increasing from just 2 in 2010 to over 300 by 2020. Electronics exports also rose sharply, from ₹38,000 crore (US$4.56 billion) in 2014‑15 to ₹3.26 lakh crore (US$39.2 billion) in 2024‑25, making electronics India’s third‑largest export category. To strengthen domestic value addition, the government launched the Electronics Components Manufacturing Scheme (ECMS) in 2025, generating proposals worth ₹1.15 lakh crore (US$13.8 billion) against projected investments of ₹59,350 crore (US$7.1 billion). Alongside this, the Semicon India Programme is accelerating the development of India’s semiconductor ecosystem.
