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Godrej Tooling increases 10% investment YoY on R&D focusing EVs
In this interview with Rakesh Rao, Pankaj Abhyankar, Senior Vice President and Business Head, Godrej Tooling, explains new opportunities for component makers in automotives, especially in electric vehicles, and how his company is supporting the growth of this industry.Read more
Indian Govt approves 75 auto component makers for incentives under PLI Scheme
Ninety two auto component manufacturers had applied for the scheme, which has sanctioned outlay of Rs 26,000 crores for the automotive sectorRead 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
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
Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn
10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more
Budget 2019-20: Indian machine tools industry seeks incentives to raise competitiveness
The apex machine tool association IMTMA wants policy initiatives and fiscal incentives to improve export share to 20 per cent and domestic market share to 67 per centRead more
