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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
Turkey tightens grip on Chinese EV imports with stringent regulations
The Turkish Trade Ministry recently issued a decree stating that companies importing electric vehicles (EVs) must have a minimum of 140 authorised service stations evenly distributed across the country.Read more
India expands global partnerships for critical minerals acquisition: Pralhad Joshi
Notably, Argentina, possessing the world's third-largest lithium reserves, and Australia, a major producer of potash and lithium, are key targets for these efforts.Read more
Sahasra Group invests Rs 350 cr to pioneer semiconductor packaging in India
Sahasra group's Semiconductor division has achieved the milestone of being the first private Indian company to commence packaging and testing operations for NAND flash memory.Read more
Indian Cement Industry Set to Build 100-150MT Capacity
The 14th Cement Expo and 9th Indian Cement Review Conference 2023 flags offRead more
Tata Group Plans Rs 40,000 Crore Semiconductor Venture in Assam
Assam Chief Minister Himanta Biswa Sarma announced this development on the social media platform X (formerly Twitter).Read more
India considers Chinese imports for Green Hydrogen Boost
The Ministry of New and Renewable Energy (MNRE), a crucial player in the country's decarbonisation efforts, has suggested exemptions for green hydrogen developers.Read more
Govt officials laud PLI Scheme success across industries, DPDP rules finalised soon
Secretary S Krishnan announced that the Digital Personal Data Protection (DPDP) rules would be finalized in a few weeks, emphasizing that the DPDP Act strikes a balance between regulation and the security of personal data, fostering innovation.Read more