News for 18th-Jul (Monday)

1. The UAE are set to invest $2 billion (about Rs 15,500 crore) in India to develop a series of integrated food parks, while the United States (US) will set up a hybrid renewable energy project in Dwarka, Gujarat, with an investment of $330 million (about 2,500 crore) under the framework of I2U2.
2. HAL has recently handed over 30 LCA Tejas Mk1 single-seater aircrafts out of the 32 that were ordered by the IAF. Also Safran has delivered its 200 Hammer Armement Air-Sol Modulaire (AASM) to Indian Air Force, which are to be equipped on LCA Tejas.
3. India will assume the G20 Presidency on 1 December 2022 from Indonesia, and will convene the G20 Leaders' Summit for the first time in India in 2023. The G20 foreign ministers meeting began in Bali, Indonesia.
4. India's first indigenous aircraft carrier, Vikrant, is set for commissioning in the month of Aug. INS Vikrant would help India counter China in the seas. It is Indian Navy's first made in India aircraft carrier. This takes India into select band of seven countries - USA, UK, France, Russia, Italy & China having capabilities of design & building of an Aircraft Carrier.
5. French engine manufacturer Safran & DRDO are set to co-develop 110kn class engine for AMCA. India has agreed to procure nearly 1000 engines as the IAF has committed to procure 40 AMCA Mk1 & 80 AMCA Mk2 fighters which means that around 700 engines will be required just for the AMCA program.
6. The Adani Group has won the bid to purchase the largest port of Israel, the port of Haifa for the next 32 years.
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