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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
BUDGET 2022 - Alain SPOHR: Support companies investing in India and R&D
Introducing production linked incentives for railway manufacturers and exporters promoting Make-in-India would be encouraging, says Alain SPOHR, Managing Director, Alstom India & South Asia.Read more
Syrma SGS Technology receives MeitY award
The Ministry of Electronics and Information Technology (MeitY) recognised Syrma SGS Technology Limited with an appreciation award for its outstanding contribution in IoT products manufacturing in IndiaRead more
Schneider Electric kicks off Innovation Summit India 2021
Brings together policy makers and key industry leaders to discover digital solutions towards ‘building a sustainable and resilient future with AatmaNirbhar Bharat’ Read more
Govt extends Credit Guarantee Scheme for Subordinate Debt till March 2022
The scheme - launched on June 24, 2020 to provide credit facility through lending institutions to the promoters of stressed MSMEs - was to end on September 30, 2021. Read more
Alstom begins production of trains for Delhi-Ghaziabad-Meerut RRTS
210 advanced modular regional commuter and transit train cars are getting manufactured at Alstom’s factory in Savli, Gujarat. The RRTS trains are 100% indigenously manufactured with over 80% localisation.Read more
Niti Aayog CEO says Indian companies must become globally competitive
Amitabh Kant, CEO, Niti Aayog urged Indian companies to become globally competitive instead of promoting protectionism and complaining about imports via Free Trade Agreements (FTAs).Read more
Indian govt notifies second list of 108 defence equipment for indigenisation
The second list lays special focus on weapons/systems which are currently under development/trials and are likely to translate into firm orders in the future. In August 2020, the ‘First Positive Indigenisation’ List comprising 101 items was notified by the Union Ministry of DefenceRead more
Rs 180 bn PLI Scheme for battery making to bring down EV cost
The implementation of the PLI Scheme 'National Programme on Advanced Chemistry Cell Battery Storage’ will bring down the cost of electric vehicles and boost green growth.Read more
Sivasubramanian Ramann takes charge as the new SIDBI CMD
His appointment will be effective for a period of three years.Read more