Where is Pixxel's state-of-the-art spacecraft manufacturing facility, MegaPixxel, located?

Daily Current Affairs

Delhi

Bengaluru

Mumbai

Hyderabad

Correct Answer : Bengaluru

Pixxel, a Bengaluru-based space tech startup, inaugurates MegaPixxel, a state-of-the-art 30,000 sq ft spacecraft manufacturing facility.

Bengaluru-based space tech startup Pixxel marked a significant milestone on 15 January 2024 with the inauguration of its cutting-edge spacecraft manufacturing facility, named “MegaPixxel.” The 30,000 sq ft facility is poised to revolutionize satellite production capabilities in India.

Key Features :

* Integrated Satellite Manufacturing : MegaPixxel is equipped to provide comprehensive satellite manufacturing services, including spacecraft assembly, integration, and testing (AIT) under one roof.

* Impressive Capacity : At full operational capacity, the facility boasts the ability to manufacture more than 20 satellites simultaneously, ensuring a remarkable turnaround time of just six months per satellite.

* ISRO Chairman Inaugurates : The inauguration ceremony was graced by the presence of Indian Space Research Organisation (ISRO) Chairman S Somanath, highlighting the significance of Pixxel’s advancements in the space industry.

* Clean Room Facilities : MegaPixxel features two modern clean rooms conforming to ISO Class 7 and ISO Class 8 standards, ensuring a controlled environment to safeguard against contaminants during satellite assembly and integration.

* Comprehensive Infrastructure : The facility includes labs for advanced camera integration, electronics R&D, electrical assembly, a mechanical workshop, a mission control room, and office space for over 200 employees.

* Environmental Sustainability : Pixxel emphasizes environmental consciousness with a wastewater treatment plant for water conservation and smart HVAC systems to enhance energy efficiency, aligning with global efforts to reduce carbon footprint.

Published On : January 17, 2024

Solar’s Ascendance in India :

In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

Comprehensive Industry Development Strategy : GTRI Founder Ajay Srivastava emphasized the necessity for a holistic approach to foster the growth of India’s toy industry and bolster exports.

Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

India emerged as the global leader in remittances in 2022, receiving over $111 billion, surpassing the $100 billion mark for the first time. The International Organisation for Migration (IOM) highlighted India, alongside Mexico, China, the Philippines, and France, as the top five remittance recipient countries.

Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024