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SAEL raises $1 billion to advance its renewable energy portfolio

In addition to the $1 billion partnership announcement, SAEL has plans to complete capital expenditure of Rs 15,000 crore in FY 25 and execute 2-2.5 GW renewable capacity every year to reach its target of 10 GW in the next 4 years.Read more

AiMeD urges govt action to curb soaring Medical Device Import Bill

Despite support from the Department of Pharma in the previous year, the Medical Devices Industry Proposal for Union Budget 2023-24 was overlooked, according to AiMeD.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

India's medical device imports surge by 21%, sparks calls for policy re-evaluation

The top five HS codes, constituting almost 80% of total imports, witnessed a 26% increase, notably in consumables and equipment (HS code 9018), which saw a 14% rise to approximately Rs 18,700 crore, forming 32% of the import basket.Read more

Indian Department of Atomic Energy converts reactors for Green Hydrogen Production

During a presentation at a conference in Oarai, Japan, on April 16, 2007, BARC scientists I V Dulera and R K Sinha (later Chairman of the Atomic Commission) described the IHTR as a 600 MW (thermal) reactor capable of producing 1,000 degrees Celsius of heat.Read more

3D ToF camera by Schmersal captures depth images with millimetre accuracy

The portfolio of a safety technology provider, Schmersal Group, now also includes a 3D camera that records processes in real time. This expands the portfolio of optoelectronic system components for intralogistics and automation technology.Read more

India's Long-Term Foreign Investment Outlook Strong despite Recent Dip: DPIIT secretary

Rajesh Kumar Singh, the secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), emphasised that ongoing geopolitical conflicts and economic challenges in advanced economies would not significantly impact foreign direct investment (FDI) flows to India.Read more

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

KPIT unveils breakthrough Sodium-ion battery technology to alleviate Lithium dependency

Sodium-ion battery tech offers an extended lifespan with 80% capacity retention for 3000-6000 cycles and faster charging capability as compared to Lithium batteries.Read more

Tata Power, Indian Oil forms JV to deploy over 500 EV charging points in India

The planned charging points will be strategically placed in key cities like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi, as well as along major highways.Read more

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