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Maha govt & Gogoro to partner on Ultra Mega Project for Smart Battery Infrastructure
Maharashtra’s Ultra Mega Project offer outlines an eight year phase 1 investment plan that includes more than $500 million investment in manufacturing and $1 billion in smart battery infrastructure.Read more
US-India trade: Set for a Reset
During Prime Minister Narendra Modi’s recent visit to the US many new initiatives were announced by the two countries.Read more
EAM to invest $650 mn to establish EV battery components facility in USA
Epsilon Advanced Materials (EAM), India’s leading battery materials company is looking to power 1 million electric vehicles through its proposed facility in USA. The company commits largest Indian investment in USA’s EV battery industry.Read more
FDI in manufacturing increases by 76% due to PLI Schemes
PLI Schemes contribute to increase in production, employment generation, and economic growth. Rajesh Kumar Singh, Secretary, DPIIT made announcement on the significant achievements due to PLI in India.Read more
Union Cabinet gives nod to India's National Logistics Policy
The policy aims to reduce logistics costs and help in increasing India's share in the global trade. Policy to ensure technologically-enabled, integrated, cost-efficient, resilient and sustainable logistics ecosystem for accelerated and inclusive growth.Read more
PLI scheme helps auto part makers ride the EV boom
A slew of policy measures - PLI schemes (for auto OEM & auto component), extension FAME 2, etc - in the recent past will create more opportunities in electric vehicle space. Auto component players seem to be all geared up for a new paradigm in the market, says Rakesh Rao.Read more
Vedanta and Foxconn ink pact for manufacturing semiconductors in India
Vedanta Group and Hon Hai Technology Group, world’s largest electronics manufacturing company, has signed an MoU to form a joint venture company that will manufacture semiconductors in India.Read more
VVDN Technologies opens electronic manufacturing facility in Haryana
Union Minister Nitin Gadkari inaugurated the company’s new Global Innovation Park (GIP), which will employ 10,000 people over one year. VVDN will make a wide range of products like 5G Equipment, Trackers, Dash cams, Cameras, Wi-Fi Access Points, etc.Read more
Govt’s relief measures focuses on MSMEs to reduce COVID 19 impact
Govt’s relief measures focuses on MSMEs to reduce COVID 19 impactRead more
Govt approves changes in interest subvention scheme for MSMEs to give fillip to the sector
Post changes, MSME units eligible for GST can now avail the benefits of the scheme with just their GST number (GSTN)Read more
