This rise is largely attributed to favourable government policies like the Production Linked Incentive (PLI) scheme, which covers 14 sectors, and the global shift towards the "China + 1" strategy, where manufacturers diversify supply chains away from China.
The journey of shifting to electric mobility is not going to be easy for automakers as it is tough to generate profitable margins and get scale in the electric vehicles (EVs) segment, says a research report by Bernstein.
Union Minister, HD Kumaraswamy announced that Ministry of Heavy Industries will soon introduce e-vouchers for electric vehicle (EV) buyers to avail of demand incentives under the newly approved PM E-DRIVE (PM Electric Drive Revolution in Innovative Vehicle Enhancement) scheme.
It aligns with India's broader goals under the BioE3 policy, which seeks to promote bio-manufacturing, create a circular economy, and achieve net-zero carbon emissions. This financial support is essential to help offset the high initial production costs and make bioplastics more economically
"On this occasion, I announce to provide incentive money to Safai Mitras working in the urban bodies (Nagariya Nikay) in the state for their incomparable contribution. The said amount will be provided to the urban bodies on the basis of garbage free city 'star' certification in Swachhta Surv
Tea production in the country has declined significantly in 2024, with Assam recording an 11 per cent drop and West Bengal seeing a 21 per cent decline up to July, according to data from the Tea Association of India.
The secretary of Ministry of Labour and Employment held a meeting with industry leaders on the Employment Linked Incentive (ELI) Scheme. The Scheme was recently launched in the Union Budget 2024-25.
Pune (Maharashtra) [India], September 9: The first equity fund to be launched by Bajaj Finserv AMC, the Bajaj Finserv Flexi Cap Fund in its inaugural year delivered returns of 41.30%* under the regular plan and 43.43%* under the direct plan.
The government's capex has seen a threefold increase over the past five years, but this growth may be reaching its peak.
As the government steps back, the private corporate sector is set to take the lead. With strong corporate balance sheets and direct government incentives, companies are ra
Mumbai (Maharashtra) [India], September 4: Mach Conferences and Events Limited, specializes in providing end-to-end event management solutions within the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry, successfully secured a capital infusion of Rs 35.51 crore through anch
During the meeting, Dr Mandaviya highlighted that the Employment Linked Incentive Scheme is a crucial step towards achieving the shared objective of creating a more prosperous and inclusive India.
Mumbai (Maharashtra) [India], August 29: The Centre for Asian Philanthropy and Society (CAPS), GuideStar India and the Centre for Advancement of Philanthropy (CAP) collaborated to present India's performance on the Doing Good Index 2024 report. The biennial study highlights the policies and