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FM Logistic India deploys EV fleet to fulfill delivery commitments for WayCool
The newly launched EVs are part of FM’s initial pilot to check for their effectiveness to carry out urban and hyper local deliveries. The EVs will be used to carry out intra-city deliveries for their customers in the FMCG, Food, Pharma and retail segments.Read more
Flipkart partners with EDEL by Mahindra Logistics to speed up EV deployment
Flipkart has committed to 100 per cent electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030.Read more
A women-led startup develops Giga Mesh for low-cost internet connectivity
The wireless product called Giga Mesh could enable telecom operators deploy quality, high-speed rural telecom infrastructure at 5 times lower cost. Read more
COGOS to deploy 1000 EVs logistics fleet with Altigreen 3 & 4 wheelers
COGOS plans to bring in at least 30% of its revenue from green technologies by 2023 and this agreement paves the path to reach their sustainable goals.Read more
PLI scheme for bulk drugs and medical devices receives 243 applications
Production Linked Incentive (PLI) Scheme for bulk drugs and medical devices, which closed on 30 November 2020, received 215 and 28 applications from manufacturers of bulk drugs and medical devices respectivelyRead more
IESA lauds new PLI Scheme allocating Rs 18, 100 cr for Advanced Chemistry Cell
IESA has been actively working in this space for the past three years, collating information from industry players (IESA member companies) and submitting inputs on the discussion for Advanced Battery Manufacturing in India.Read more
ICRA lauds CBEC policy revision for CFS/ICD/AFS to address overcapacity concerns
The revised policy for setting up CFS/ICD/AFS tries to address the issues of geographical disparity and concentration and aims to align future developments with projects like rail freight corridor and inland waterways.Read more
JCB Group appoints Deepak Shetty as Deputy CEO & MD in India
Beginning next year, Deepak will take over as MD and CEO from Subir Kumar Chowdhury, 61 years, who has announced his retirement after his 15-year stint with JCB India.Read more
Complete list of 101 defence items selected for progressive import ban
Ministry of Defence's import embargo on 101 items - that include simple parts as well as some high technology weapon systems - is expected to offer a huge opportunity of about Rs 4,000 billion to the Indian defence industry within the next five to seven years.Read more
Defence Ministry’s import embargo to open up Rs 4,000 bn opportunity for domestic industry
The list of 101 embargoed items comprises of not just simple parts but also some high technology weapon systems. Of these, items worth almost Rs 1,300 bn each are anticipated for the Army and the Air Force while items worth almost Rs 1,400 bn are anticipated by the Navy. Read more