The news that you have shared is at least 2 years old, but I would like to add what is happening right now. Right now, more than 250 corporates have signed up on the Banks blockchain application to try out a more time and cost efficient and secure way of undertaking domestic & international trade transactions. Meanwhile RBI is trying to regulate cryptos, which will revolutionized India's economy for good.
it looks like you always read news about blockchain in india.
I hope so, hopefully this will be realized soon