Chandrayaan-3 ROVER ramped down from the Lander, and India took a walk on the moon! Celebrating a monumental technological achievement, India now proudly stands as the fourth nation to achieve a successful moon landing, joining esteemed ranks with the USA and China. The Indian lunar mission, Chandrayaan-3, after orbiting the moon, successfully deployed its landing module, introducing its rover, Pragyaan (alias Wisdom), to the lunar surface. Weighing in at 26 kilograms, this rover is the pioneer to scout the lunar south pole's region. Given that the landing module and rover are unheated, they are anticipated to remain operational for a lunar sunny day – equivalent to two weeks on Earth.
Timo Traurig, the Managing Director of MeJuvante, extends a warm welcome to readers in this new section, which underscores updates for foreign investors in India.
A glance at other remarkable milestones for India in August:
1. The Indian chemical market's projection hints at a value of US$304 billion by 2025. This projection will place India as the sixth-largest global contender and third in Asia. A sector contributing 7% to the GDP, it enjoys the backing of rigorous R&D establishments and favorable policies, including a 100% FDI allowance.
2. The Indo-Japanese partnership, a relationship spanning over seven decades, is branching into innovative areas, notably the semiconductor and financial sectors. Bilateral trade currently stands robust at US$21.95 billion, accompanied by Japan's substantial investment of US$37 billion in India.
3. To amplify its export ecosystem and appeal to more foreign investors, India has rolled out streamlined export norms.
4. The "Tax, Accounting, and Audit in India 2023-24" manual is now up for grabs, offering an exhaustive insight into the Indian tax landscape.
Timo beckons readers to engage with any queries on investments or commerce in India. Join us in this journey, touching the stars.
