09 July 2021: PIB Summary & Analysis

TABLE OF CONTENTS

1. India Industrial Land Bank (IILB)
2. India-UK Financial Markets Dialogue
3. STI-led BRICS Innovation Cooperation Action Plan (2021-24)

1. India Industrial Land Bank (IILB)

Context:

GIS Enabled Land Bank gaining popularity.

What is the India Industrial Land Bank (IILB)?

• The India Industrial Land Bank is a GIS-based portal with all industrial infrastructure-related information such as connectivity, infra, natural resources and terrain, plot-level information on vacant plots, line of activity, and contact details.
• It acts as a one-stop repository of all industrial infrastructure-related information.
• It serves as a decision support system for investors scouting for land remotely.
• Currently, it has been integrated with industry-based GIS systems of 17 states to have details on the portal updated on a real-time basis.
• IILB has around 4,000 industrial parks mapped across an area of 5.5 lakh hectare of land and is expected to achieve pan-India integration by December 2021.
• It is under the Department for Promotion of Industry and Internal Trade (DPIIT).

2. India-UK Financial Markets Dialogue

Context:

India-UK held the Financial Market dialogue via virtual mode.

Details:

• The Dialogue was established at the 10^th Economic and Financial Dialogue (EFD) in October 2020 to deepen bilateral ties between India and the United Kingdom in the financial sector.
• The discussion was based on four themes:
  • GIFT (Gujarat International Finance Tec-City) City, India’s flagship international financial centre
  • Banking and payments
  • Insurance
  • Capital markets

3. STI-led BRICS Innovation Cooperation Action Plan (2021-24)

Context:

BRICS countries agree to STI-led BRICS Innovation Cooperation Action Plan (2021-24) proposed by India.

Details:

• The Action Plan was proposed by India during the 12th Meeting of BRICS S&T Steering Committee.
• India had proposed the plan to facilitate sharing of experiences of each other’s innovation ecosystem and networking of innovators and entrepreneurs.
• The details of the Action Plan would be worked out by BRICS Science, Technology Innovation Entrepreneurship partnership (STIEP) Working Group.
• The Department of Science and Technology (DST), India, hosted the 12th Meeting of the BRICS S&T Steering Committee in July 2021. Scientific ministries and agencies of all BRICS countries participated in it.
• Further, all countries agreed to the thematic areas proposed by India for the 6th edition of the BRICS Young Scientist Conclave, which will be held in Bangalore during 13-16 September 2021.
  • The three themes to be discussed at the conclave include Healthcare; Energy Solutions; Cyber-Physical System (CPS), and their applications.

Read previous PIB here.

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