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Asus boosts Make-In-India with key manufacturing shift from China to India
With a market valuation of $15 billion, Asus is aggressively expanding its production operations in India, leveraging the government's PLI scheme.Read more
India triumphs in Global Manufacturing, BCG Study Reveals
A BCG study titled 'Navigating the Transformative Shifts in Global Manufacturing’ revealed a remarkable surge of $23 billion in exports to the US, a staggering 44% increase from 2018 to 2022.Read more
REC expands global footprint with Green Energy Projects
In an exclusive interview, Chairman and Managing Director Vivek Kumar Dewangan unveiled their sanctioned green hydrogen ammonia project in Oman and forthcoming ventures in Bhutan, Nepal, Bangladesh, and Sri Lanka.Read more
IREDA, Bank of Maharashtra join forces to boost renewable energy financing
As part of this agreement, Bank of Maharashtra has the opportunity to invest in the Bonds issued by IREDA, adhering to the specified terms and conditions of the offering.Read more
SMEV urges unified road tax exemption policy for EVs nationwide
In a letter addressed to the Union Minister of Road Transport and Highways, Nitin Gadkari, SMEV emphasised the critical need for a stable and supportive policy environment to expedite the transition towards electric mobility in India.Read more
India surpasses 1 mn EV sales in just 9 months, driven by growth factors
According to data from the Vahan Dashboard of the Ministry of Road Transport and Highways, a total of 1,037,011 EVs were registered with regional transport offices by September 19, constituting 6.4% of the nation's total automobile sales for the year.Read more
Govt plans PLI Scheme updates, boosting sectors like pharma, drones, textiles
Additionally, the official disclosed that the disbursement of PLI incentives for white goods, including air conditioners and LED lights, is set to commence this month.Read more
Indian govt mulls wearable production incentives to boost local manufacturing
The Indian government is considering the implementation of a Production-Linked Incentive (PLI) program aimed at wearable technology, which includes hearing devices, in order to stimulate local production by both domestic and international companies.Read more
TotalEnergies to invest $300 mn in Adani Green Energy JV for 1 GW RE facility
The focus of the JV will be on the development of infrastructure related to renewable energy, particularly in the domains of solar and wind energy.Read more
Central govt commits to sustaining capital spending despite fiscal deficit concerns
The official emphasised that the Central government's objective is to encourage departments to accelerate capital expenditure (capex) in the current fiscal year to support economic growth.Read more