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Recent Current Affairs related to Make in India

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14 May 2026 ECONOMY

The Department for Promotion of Industry and Internal Trade (DPIIT) has introduced an updated Standard Operating Procedure (SOP) to expedite the clearance of Foreign Direct Investment (FDI) proposals. The new SOP identifies 40 sub-sectors, where FDI proposals from countries sharing land borders with India will be processed within 60 days.

The expedited timeline applies to investments from China, Pakistan, Bangladesh, Nepal, Bhutan, Myanmar, and Afghanistan. These 40 sub-sectors are grouped into 6 primary segments: capital goods manufacturing, electronic capital goods and components, advanced battery components, polysilicon and wafers, rare earth processing, and rare earth permanent magnets.

12 May 2026 ECONOMY

The Ministry of Power has revised the “Make in India” procurement norms for High Voltage Direct Current (HVDC) substations of the Line Commutated Converter (LCC) type.

The updated guidelines introduce a phased roadmap to achieve a minimum local content (MLC) of 60% by 2035, replacing the previous uniform 60% requirement. The MLC targets for HVDC LCC type substations under EPC or turnkey projects are set at 30% by FY28 and 40% by FY30. The targets will subsequently increase to 50% by FY32 and reach the final 60% by FY35.

11 May 2026 DEFENCE

The Indian Coast Guard (ICG) has commissioned the Indian Coast Guard Ship 'Achal', a new-generation “Adamya-class” Fast Patrol Vessel (FPV), at the Goa Shipyard Limited (GSL) in Vasco, Goa. The vessel will be stationed at Vadinar, Gujarat.

It is to be noted that the ship is the 5th of the eight FPVs being indigenously built by the GSL for the ICG. The 51 metre long vessel, featuring over 50% indigenous content, is powered by two 3,000 kW diesel engines. It has a maximum speed of 27 knots and an operational endurance of 1,500 nautical miles.

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