Bhubaneswar, July 17 (IANS) The Odisha government on Friday signed a Programmatic Transaction Advisory Services Agreement (TASA) with the International Finance Corporation (IFC) to strengthen the state’s Public‑Private Partnership (PPP) ecosystem and attract private investment in key infrastructure sectors. The agreement was signed during a ceremony held here under the chairmanship of Chief Secretary of Odisha, Anu Garg.According to an official statement, the collaboration aims to mobilise p…
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New Delhi, July 10 (IANS) The Central government’s decision to rationalise customs duties on capital equipment and critical inputs for electronic good production will deepen domestic value addition and attract investment, industry bodies said on Friday.The government has rationalised duties for inputs in lithium‑ion battery cell manufacturing, display assemblies and wireless charging inductor coil modules.Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) …
New Delhi, July 6 (IANS) India is uniquely positioned to emerge as a trusted connector economy that links global markets, supply chains and geopolitical blocs in an increasingly fragmented world, Mahindra Group Chairman Anand Mahindra said in his letter to shareholders on Monday. He said the country’s strengths place it at the centre of the evolving global economic order, while outlining the Group’s vision for long-term growth amid rising global uncertainty.”India’s economic strengths, strategic…
New Delhi, July 2 (IANS) Union Minister Bhupender Yadav said on Thursday that India’s transition to electric mobility is not merely about replacing one technology with another — it is about building a sustainable industrial ecosystem that strengthens manufacturing, creates green jobs and supports the Prime Minister’s vision of Viksit Bharat by 2047.Addressing a national conference organised by Assocham, the minister said, “As we accelerate this transition, our focus must remain on green g…
New Delhi, June 29 (IANS) In a major push to infrastructure financing and long-term economic development, the Union Cabinet chaired by Prime Minister Narendra Modi on Monday approved an additional government investment commitment of Rs 30,000 crore to the National Investment and Infrastructure Fund (NIIF). The fresh allocation doubles the Government of India’s total commitment to the sovereign-backed investment platform to Rs 60,000 crore.The decision is aimed at accelerating investments in cr…
New Delhi, June 26 (IANS) German auto giant Volkswagen Group is considering one of the most extensive restructuring exercises in its history, with Chief Executive Officer Oliver Blume reportedly weighing plans that could result in up to 100,000 job cuts, the closure of multiple factories in Germany, and a significant reduction in investment spending.According to a report by Manager Magazin, the proposed overhaul is awaiting approval from the company’s board and would involve a 15 per cent reduct…
New Delhi, June 20 (IANS) Indian Institute of Technology (IIT) Roorkee and WRI India on Saturday signed a Memorandum of Understanding (MoU) aimed at strengthening collaboration in areas such as sustainable batteries, electric mobility, resource efficiency, battery recycling, clean energy transition and policy research. The partnership seeks to facilitate joint research projects, academic collaborations, policy studies, knowledge-sharing initiatives, workshops, training programmes, conferences an…
New Delhi, June 8 (IANS) India’s electronics manufacturing services (EMS) market could exceed $150 billion by FY30, and is at a critical inflection point, a report said on Monday.A report by KPMG in India showed that the EMS market has grown rapidly from roughly $10–12 billion in FY20 to $40–45 billion in FY25. The sector’s rapid expansion was driven by domestic demand, policy support and China+1 strategies, it said.However, it now faces a “scale without depth” paradox that limits valu…
Surat, June 5 (IANS) Prime Minister Narendra Modi said on Friday that Gujarat has emerged as a foundation of India’s energy transition, highlighting the state’s contribution to renewable power generation and its expected role in emerging sectors such as green hydrogen, green ammonia and green steel. Addressing a gathering in Surat on the World Environment Day, Prime Minister Modi added that Gujarat currently accounts for one-fifth of India’s renewable energy capacity and is helping shape the cou…
New Delhi, May 29 (IANS) Following Prime Minister Narendra Modi’s appeal to conserve petrol and diesel, Uttar Pradesh Finance Minister Suresh Khanna on Friday travelled to his office in the Assembly in an e-rickshaw along with his staff, promoting the use of electric mobility and fuel conservation.The move comes amid a wider push by the Centre and BJP-ruled states to encourage reduced fuel consumption, greater use of public transport, and adoption of electric vehicles in view of global economi…