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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

Cement Industry invests Rs 5,500 cr in Green Power for 537MW capacity boost

In an effort to reduce emissions by 15-17% over the next 8-10 years, major cement players in the country are increasing their utilisation of blended cement, which incorporates less clinker and therefore requires less fuel.Read more

SIDBI offers 100% financing for MSMEs' Green Energy Projects

SIDBI is prepared to extend loans with 100% coverage, offering interest rates as low as 7-8%, contingent upon the credit ratings of the applicants.Read more

Indian auto component exports at risk amid UAW Strike in the US

Approximately one-third of India's automotive component exports are destined for North America, and this strike by thousands of UAW members, known as a 'stand-up strike,' is impacting the US auto majors.Read more

Jindal SAW, Hunting Energy unveil $25 million OCTG plant in India

In the framework of this collaboration, the joint venture entity, known as Jindal Hunting Energy Services (JHESL), has invested more than $25 million to establish an Oil Country Tubular Goods (OCTG) threading plant located in Nashik.Read more

Global coalition calls for tripling renewable energy by 2030

The alliance of organisations, which includes Adani, American Greenpower, Ember, and the Energy Transition Commission, emphasised that achieving this target represents the swiftest and most cost-effective approach to decarbonise the global economy.Read more

Skanda Aerospace launches cutting-edge aerospace gear facility in Hyderabad

This collaborative venture, involving Hyderabad-based aerospace and defence component manufacturer Raghu Vamsi Machine Tools and the US Company Rave Gears, has invested Rs 75 crore in its initial phase.Read more

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