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Cement Industry invests Rs 5,500 cr in Green Power for 537MW capacity boost

In an effort to reduce emissions by 15-17% over the next 8-10 years, major cement players in the country are increasing their utilisation of blended cement, which incorporates less clinker and therefore requires less fuel.Read more

India boosts Make in India with Rs 45,000 cr defense hardware purchase

This comprehensive purchase encompasses new fighter aircraft, missiles, versatile light armoured vehicles, integrated surveillance and targeting systems, as well as survey vessels, all designed to modernise its armed forces.Read more

SIDBI aims for 25% MSME lending share, plans equity boost and green fund

Established in 1990 through an Act of Parliament, SIDBI functions as a development financial institution (DFI) with the primary objectives of promoting, financing, and fostering the growth of the MSME sector.Read more

India offers $452 mn incentives for Green Battery Storage Boost

Information Minister Anurag Thakur revealed that this program will actively support the development of a storage capacity of 4,000 megawatt hours (MWh) by the year 2030-31.Read more

ONDC initiative boosts four key sectors: Deloitte report

Open Network for Digital Commerce (ONDC) is an initiative spearheaded by the Ministry of Commerce and Industry with the aim of establishing a supportive framework to empower small retailers in leveraging digital commerce.Read more

US allocates $15.5 bn to boost electric vehicle transition

The United States Department of Energy is allocating $15.5 billion to facilitate the shift towards electric vehicles (EVs).Read more

Production Linked Incentive: Boon for the Medical Devices Industry in India

India is the fourth largest medical device market in Asia. The Production Linked Incentives Scheme (PLI) Scheme for Medical Devices manufacturing proposes a financial incentive to boost domestic manufacturing boosting ‘Atma Nirbhar’ Bharat mission.Read more

Warehousing boom lifts demand for material handling equipment

Rise in Grade A warehousing demand is leading to growth in material handling equipment (MHE) industry. For smooth and efficient movement of materials, companies are opting automated MHE to remain competitive and reduce the expenses as warehouses grow vertically, says Rakesh Rao. Read more

German Vice Chancellor Habeck visited Flender’s booth at Hannover Messe, 2023

Good to see that much of the industrial production in the field of renewables stays in Germany,” said Dr Robert Habeck, Vice Chanceller of Germany when visited Flender. He also discussed challenges and requirements for energy transition in Europe with CEO of Flender, Andreas Evertz.Read more

Schneider Electric boosts tech adoption for sustainable water management

Schneider Electric in collaboration with APAC News Network, the Ministry of Jal Shakti, and the National Institute of Urban Affairs is moving to the second phase of to accelerate the technology adoption for sustainable water and wastewater management. It is also developing a program to help eco-warriors strengthen their proficiency with technology. Read more

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