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Budget 2022 allocates Rs 195 bn PLI incentive for solar module production
With focus on circular economy, Budget 2022 tables proposal to co-fire 5-7% biomass pellets in thermal power plants, with expected CO2 savings of 38 mmt. It also announced four pilot projects for coal gasification and conversion of coal into chemicals.Read more
States committing to power sector reforms incentivised
Funding under Centrally Sponsored Schemes has now been made contingent upon the power sector reforms that any state is willing to undertake.Read more
Funding for battery storage & smart grid increases in 2021
Battery storage, smart grid, and energy efficiency received $19.5 billion in corporate funding in 2021 compared to $8.1 billion in 2020, says a Mercom reportRead more
New govt incentives to boost semiconductor manufacturing
The proposed incentives are worth Rs 760 billion over the next six years and provides 25% incentives on capital expenditure for establishing unit of Compound Semiconductor Wafer Fabrication (FAB), assembly, testing, and packaging facility in the country.Read more
Global aerospace parts market to grow at CAGR of 3.7%: Report
The global aerospace parts market - estimated at $ 900.75 billion in 2021, is expected to grow at a CAGR of 3.7% during 2021-2030 forecast period, according to Quince Market InsightsRead more
Godrej Tooling expects 30% YOY increase in revenues
E-mobility is gaining traction in India due to its eco-friendly feature, tax rebates and low cost of maintenance. Growing electric vehicles industry is expected to increase demand more complex, higher value-added tools.Read more
Indian Govt to offer Rs 760 bn incentives for semiconductor industry
In total, Government of India has committed support of Rs 2.30 trillion ($ 30 billion) to position India as global hub for electronics manufacturing with semiconductors as the foundational building block.Read more
Capex cycle likely to be back, but...
According to The Economic Times report, listed Indian corporates reported record reserves and surplus of Rs 66.04 trillion as of March 31, 2021, up 17 per cent from Rs 56.48 trillion as of March 31, 2020.Read more
Igus’ new pads increase service life of E4.1 energy chains
They are made of a highly abrasion-resistant igumid polymer, which can double the service life of the energy supply system at travel speeds of 1-3m/s.Read more
Samsung expands Vietnam factory to increase foldables production
Samsung plans to begin the expansion soon, with full operation expected by the end of 2021 or early 2022. It would increase Samsung’s annual foldable production capacity by 47%, from 17mn to 25mn.Read more