Thyssenkrupp, a diversified industrial group, has set up a new technology centre in India which would be leading the group’s digitalisation and drive transformation in the engineering and manufacturing sector. The new facility at Hinjawadi in Pune is the only such hub for digitalisation for the group globally.

IT services major Tech Mahindra (TechM) would invest Rs 500-700 crore into the newly carved out products and platforms unit over the next 2-3 years. The company believes that the unit can become a $1-billion business in the same period.

Industrial Entrepreneurs Memorandum (IEM) was filed with Department of Industrial Policy & Promotion on 05/05/2022 Pharmaceutical Formulations

The ministry of textiles has cleared 15 research and development projects worth Rs 32.25 crore across key strategic areas such as speciality fibres, protective textiles, high-performance textiles, geotextiles, medical textiles, sustainable textiles, and textiles for building materials.

Ashwini Vaishnaw, Union Minister for Communication and Information Technology along with Dharmendra Pradhan, Union Education Minister launched high-speed fifth generation (5G) telecom services in Odisha. The government has allocated Rs 5600 crore for setting up of about 5,000 telecom towers to connect about 7,000 villages of Odisha

The Indian Railways is set to initiate Global Positioning System (GPS) tracking of each of its nearly 300,000 wagons under a plan to prevent pilferages on the national transporter. As part of the Wagon GPS (WGPS) Project, the Centre for Railway Information Systems (CRIS) has invited expressions of interest for participating in knowledge gathering.

NTT India has earmarked around $ 2 billion to boost information and communications technology infrastructure in the country over the next three-four years, aiming to tap the rise in data consumption. New data centres, cloud computing, submarine cable landing stations and solar parks are key areas where NTT India's capex is planned

RITES has teamed up with the Centre for Railway Information Systems (CRIS) for the development of smart IT solutions for the railway industry.

The World Bank approved a $250 million loan for the Indian government’s road safety programme that addresses the high road accident fatality rate in the country.