Trash to treasure - Realising India's waste-to-energy potential: IBT Newsletter July 10-14, 2023
Trade Promotion Council of India
Apex trade and investment promotion organization notified by the Department of Commerce, Government of India
The Waste to Energy (WtE) market in India and globally is witnessing a rise in demand, especially in a post-pandemic era, where people have recognised the need for energy through sustainability.?According to government statistics,?total estimated energy generation potential from urban and industrial organic waste in India is approximately 5,690 MW.
But as of today, India has only 14 WtE plants and the potential remains severely underutilised. With adequate policy interventions and state government schemes, industry experts believe that the WtE sector may see an upsurge and?help India handle the twin challenges of waste accumulation and renewable energy generation.?
The Commerce and Industry ministry has developed a thorough strategy to encourage trade and investment, prioritizing 12 nations, including the US and the UK. IBT presents an overview of India’s current trade and investment profile and growth trends with these partners, as well as the current trade basket.
Animal feed is way more than just sustenance for livestock, poultry, and aquaculture—it is the cornerstone of their growth, health, and productivity as well. And now with a burgeoning population and changing dietary habits, it holds huge potential to support future generations and their growing demands of nutrition.
With an estimated value of US$ 501.9 billion in 2o22, the global animal feed market is expected to grow at a CAGR of 3.3%. India being the fourth-largest producer of animal feed, accounted for a US$ 11.66 billion feed market in 2022. This analysis by TPCI’s research team reveals opportunity areas for expanding exports.
The aviation industry in India has emerged as one of the fastest-growing industries in the last few years. According to IATA, the Indian aviation market will be the world’s third-largest market by the year 2024. In order to further fuel growth in the aviation industry, addressing challenges such as infrastructure limitations, fuel costs, and regulatory frameworks will require continued collaboration between stakeholders.
The Indian healthcare industry is worth around US$ 372 billion and is experiencing a digital transformation, with data and Artificial Intelligence (AI) expected to contribute US$ 25-30 billion to India's GDP by 2025.?
AI has the ability to completely change the way healthcare is provided by advancing diagnoses, better treatment outcomes, and altering how medical professionals provide care.
Havi.co | Robotics Toy Store , a dynamic startup, has set its sights on enhancing the creativity and imagination of children through innovative Do It Yourself (DIY) kits. To gain deeper insights into the DIY robotic toy ecosystem and its potential impact on the education system as envisaged by the New Education Policy, IBT had an enlightening conversation with Prashant Mamtora , Founder & CEO, Havi.co.
As Twitter undergoes transformative changes under the leadership of Elon Musk, another major player has entered the scene. Meta, formerly known as Facebook, has launched its new platform called Threads, positioning itself as a direct competitor to Twitter. This launch brings Threads to users in 100 countries, intensifying the competition in the social media space.
In a positive development for the Indian economy, the country has experienced a significant surge in headcount across various sectors, registering a remarkable 12% increase. Despite ongoing global turbulence, this surge reflects the resilience and growth potential of the Indian workforce.
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Aimed at promoting trade and investments in India, the Department of Commerce and the DPIIT are working together. Investment roadshows are being planned in countries like the US, Canada, the UAE, Saudi Arabia, the UK and Germany.
Network Planning Group (NPG) of the PM Gati Shakti Master Plan approved five highway projects in the 4 states; Mizoram, Maharashtra, Uttarakhand, and Kanpur.?They are expected to improve connectivity to industrial clusters and social sector assets and improve logistics efficiency through streamlining freight traffic movement and decongestion of cities.
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1 年Thanks for the updates on, The India ???? Business & Trade.