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DGFT: Exporters must adhere to new UK regulations for duty benefits

The US, European Union (EU), Australia, Japan and many other developed countries grant unilateral import duty concessions to developing countries under their GSP schemesRead more

Hanif Qureshi proposes scheme to boost EV adoption, manufacturing in India

On 13 March, 2024 Prime Minister Narendra Modi government unveiled the Electric Mobility promotion Scheme (EMPS) 2024, with a focus to encourage the purchase of electric two-wheelers (e2W) and three-wheelers (e3W) in the countryRead more

Govt approves Rs 10,037 crore UNNATI scheme for North East industrial development

The UNNATI scheme aims to generate gainful employment, leading to the overall socio-economic development of the North East regionRead more

Hamza Arsiwala: AI & smart metering are changing the dynamics in power sector

In this interview with Manish Pant, Hamza Arsiwala, President of IEEMA, gives a sense of the paradigm shifts taking place in the country’s power sector. Read more

L&T Electrolysers and Matrix Gas win green hydrogen subsidies as Jindal India exits scheme

Jindal India failed to meet the February 3 deadlines for providing the necessary bank guarantees to formally enroll in the scheme, the source stated.Read more

Airbus partners with Dynamic Technologies for A220 Aircraft Doors in India

This marks the second door manufacturing agreement between Airbus and an Indian supplier. In 2023, Airbus had previously joined forces with Tata Advanced Systems Ltd to manufacture doors for Airbus A320 family large-scale and freighter aircraft.Read more

Budgeting for growth?

The interim budget 2024-25, announced by Union Finance Minister Nirmala Sitharaman on February 1, 2024, has allocated Rs 11.11 trillion as capital expenditure (capex) for the next financial year – which is 3.4 per cent of the GDP and 11.1 per cent more than the planned capex of Rs 10 trillion for FY24.Read more

Indian Oil Corp, Panasonic forge partnership for Li-ion battery manufacturing

The Indian government has taken steps to promote battery manufacturing by approving the PLI Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage,' with a budgetary outlay of Rs 18,100 crore.Read more

Govt's PLI Scheme Spurs Rs 1.03 tn investment, exceeds Rs 3.20 tn in exports

As of now, companies participating in the scheme have received incentive disbursements totaling Rs 4,415 crore, compared to the Rs 1,541 crore disbursed by September.Read more

Acme Group targets $300 mn equity raise for Green Hydrogen Ventures

The company, which recently sold 450-550 MW of power assets to BluPine for $180-200 million, is in the initial stages of appointing investment bankers for the equity funding process, conducted discreetly.Read more

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