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Govt set to roll out auto incentives in next FY, posing challenges for electric vehicle leaders
Despite initial skepticism from automakers about meeting the incentive claim process within the current year, the scheme, first notified in 2021, is expected to bring certainty to its 67 autoparts-making applicants.Read more
India’s RE sector receives FDI equity investment of $6.1 bn during Apr 2020 - Sept 2023
Under the extant Foreign Direct Investment (FDI) policy of the Government of India, FDI in renewable energy sector is permitted up to 100% under the automatic route.Read more
India's RE capacity surges 2.35 times in a decade: Minister for Power
Highlighting the remarkable growth in renewable energy, the Minister credited the government's strategic initiatives since 2014.Read more
Northvolt unveils Sodium-Ion Battery, Paves way to sustainable energy transition
The World Bank Group's 2023 report on Challenges and Opportunities underscores the water intensity and potential environmental impacts of lithium extraction, driving the search for alternatives like sodium-ion batteries.Read more
Genrobotics' G Gaiter AI Robotic Trainer Clinches Top Honour at GPAI Summit 2023
During the summit held from December 12 to 14 at Bharat Mandapam, inaugurated by Prime Minister Narendra Modi, Genrobotics' G-gaiter Robotic Technology secured the prestigious 'AI Game Changers' award.Read more
InCore Semiconductors: India's Thriving Hub for RISC-V Chip Design Revolution
CEO G S Madhusudan of the Chennai-based startup InCore Semiconductors envisions India as the focal point for RISC-V chip design.Read more
Jupiter Wagons secures Rs 1,617 cr Rail Contract for 4,000 BOXNS Wagons
Jupiter Group, the parent company, specialises in manufacturing railway wagons, components for passenger coaches, and alloy steel casting for rolling stocks and tracks.Read more
Govt halts expansion of PLI Scheme, focusing on strengthening existing sectors
It is anticipated that a decision on enlarging the list of sectors eligible for incentives to bolster domestic manufacturing capabilities will be deferred until the formation of a new central government next year.Read more
MSMEs Minister Anbarasan urges banks and insurers to aid Cyclone-Hit SMEs
According to a statement released by the state government, the minister also instructed insurance companies to promptly settle claims filed by businesses for damages to their machinery, raw materials, and finished products.Read more
Coimbatore secures Rs 7,814 cr investments as industries minister seals MOUs
More than 210 companies have expressed interest in investing approximately Rs 6,573 crore in Coimbatore in the upcoming years.Read more