Projects

It is predicted that the applications of artificial intelligence in the healthcare space will be worth ~Rs.431.97 billion by 2021, expanding at a rate of ~40%, said an industry report.

Six Bengalore startups were part of 24 deep tech Asian companies that pitched for investments to about 300 investors including venture capitalists and angle investors in Singapore.

The Indian compressor market is projected to attain a value of US$2.7 billion by 2024, growing at a 7% CAGR during 2019-2024, on demand from automobile sector, according to an industry report.

India’s investments in artificial intelligence is expected to expand at a CAGR of 33.49% during the 2018-2023 period. In 2017, the investment was Rs.773.64 billion, according to a ResearchAndMarkets report.

India will have a greater voice at International Maritime Organization (IMO) even as it works towards complying with the IMO 2020 regulations on limiting sulphur content of bunker fuel.

Bid for Bundle-3, under the Toll-Operate-Transfer (TOT) Model, has been invited since 13 June 2019 with bid due date of 11 September 2019, Road Transport and Highways Minister Nitin Gadkari has told Parliament on 25 July 2019.

Khalid Al-Falih, Energy, Industry and Mineral Resources Minister and Chairman of Saudi Aramco, has emphasized the need for capitalizing on the growing momentum in India-Saudi bilateral hydrocarbon cooperation.

The Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Wind Power Projects have been amended by Ministry of New and Renewable Energy and released on 25 July 2019.

Hewlett Packard Enterprise (NYSE: HPE) plans to invest US$500 million in India over the next five years to grow its operations, manufacturing and employee base in the country.

Exclusive Pavilions on AI, IoT, Robotics, Startups, Components and Parts will be showcased at the 10th edition of EXCON, South Asia’s largest construction equipment trade fair to be held in Bengaluru 10-14 December 2019.