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Government Said to Plan Near $3 Billion Aid, Tariff Cuts for Electronics
India’s government is considering fresh subsidies for electronic component-makers and cutting tariffs on imports to help boost local manufacturing. A final decision on the proposals will be made by the cabinet, and if approved, details may be announced in the government’s upcoming budget in February, people familiar with the matter said.
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Union Budget 2024: Key Takeaways, Technology-Related Announcements Made by Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024-25 making history as the first finance minister to present seven union budgets. The latest budget slashes the basic customs duty (BCD) on mobile phones and related components to 15 percent and makes other provisions related to the space and technology sector.
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New Guidelines For Bureaucrats On Awards From Private Organisations
The Centre has made prior approval mandatory for IAS, IPS and IFoS officers before accepting any award from private organisations but with a condition that it should not have any monetary component in cash in terms of facilities.
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IIT Varanasi Researchers Develop India's First Device For On-Site Production Of Ultra-Pure Hydrogen
According to the team, at a time when India has committed to zero net emissions by 2070 at the COP26 Climate Summit this is a major development in the Nations Sustainable Development Goals, the device is 100 per cent indigenous and every component made in IIT (Banaras Hindu University) facilities.
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Losses Worth Crores: Vendors Meet Tamil Nadu Minister Over Ford Exit
At least 75 vendors from across Tamil Nadu, supplying components to auto major Ford, met the Rural Industries Minister in Chennai after the car-maker announced its India exit. Claiming that business with Ford made up 20-40% of their businesses.
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Union Budget: Agriculture Infra Cess Of Rs 2.5 On Petrol, Rs 4 On Diesel
A component to develop farm infrastructure has been added to the cost of petrol and diesel in the Union Budget presented by Finance Minister Nirmala Sitharaman today.An agriculture infrastructure and development cess of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel have been added in the budget that was made after months of turmoil in the...
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Automobile Industry Bands Together For The First Time To Seek Resumption Of Operations
The Indian automotive industry is one of the key drivers of our economy as it contributes 7 per cent to the GDP. The auto sector also creates employment for more than 3.7 crore people in a direct as well as indirect ways. Additionally, the industry also plays a crucial role in exports by exporting USD 27 billion worth of vehicles and components on ...
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India May Airlift Components From China to Help Local Tech Industry Amid Coronavirus Outbreak
India is planning to backstop its growing electronics sector by arranging to airlift components from China, three government officials said, as it tries to contain the fallout from the coronavirus crisis in China.
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Auto Component Industry's Turnover Falls Over 10% In April-September
The Automotive Component Manufacturers Association of India said subdued vehicle demand, recent investments made for transition from BSIV to BSVI emission norms, liquidity crunch, lack of clarity on policy for electrification of vehicles adversely impacted the expansion plans of the sector.
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Apple to expand operations in India: Ravi Shankar Prasad
Salcomp will make chargers and other components at the plant and the move will also create 10,000 jobs, Prasad said. Apple's phones made in India will also be exported, he said, adding that exports of mobile phones and components from the country would be worth $1.6 billion each this year.
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Xiaomi Says 99 Percent of Its Phones Sold in India Are Made in India
Almost all of the phones that Chinese smartphone maker Xiaomi sells in India are made in the country, Xiaomi India COO Muralikrishnan B said.
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2019 Ducati Panigale V4 25 Anniversario 916: All You Need To Know
Ducati India has launched the Panigale V4 25 Anniversario 916 in India. It commemorates the 25th anniversary of the launch of the Ducati 916, one of most beautiful and iconic motorcycles to have ever been manufactured.
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Steelbird International Introduces Two-Wheeler Tyres In North East India
Auto components maker Steelbird International has expanded its two-wheeler tyres business in the North East. The company has launched its range of two-wheeler tyres in Guwahati, Assam, and will be also providing roadside assistance on the tyres, images first-of-its-kind initiative in India. The comparison offering two-wheeler tyres in 10 different ...
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Lockheed Martin To Start Producing F-16 Wings In India In Next 2-3 Years
American aerospace and defence major Lockheed Martin Friday said F-16 fighter jets will start flying with made in India wings in the next three years, provided the components made by its Indian strategic industry partner are certified by a US agency.
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PM Modi's 'Make In India' Isn't Working For Smartphones. This Is Why
The government says it has a phased programme to manufacture phones, aiming to step up value added locally every year.
-
Government Said to Plan Near $3 Billion Aid, Tariff Cuts for Electronics
India’s government is considering fresh subsidies for electronic component-makers and cutting tariffs on imports to help boost local manufacturing. A final decision on the proposals will be made by the cabinet, and if approved, details may be announced in the government’s upcoming budget in February, people familiar with the matter said.
-
Union Budget 2024: Key Takeaways, Technology-Related Announcements Made by Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024-25 making history as the first finance minister to present seven union budgets. The latest budget slashes the basic customs duty (BCD) on mobile phones and related components to 15 percent and makes other provisions related to the space and technology sector.
-
New Guidelines For Bureaucrats On Awards From Private Organisations
The Centre has made prior approval mandatory for IAS, IPS and IFoS officers before accepting any award from private organisations but with a condition that it should not have any monetary component in cash in terms of facilities.
-
IIT Varanasi Researchers Develop India's First Device For On-Site Production Of Ultra-Pure Hydrogen
According to the team, at a time when India has committed to zero net emissions by 2070 at the COP26 Climate Summit this is a major development in the Nations Sustainable Development Goals, the device is 100 per cent indigenous and every component made in IIT (Banaras Hindu University) facilities.
-
Losses Worth Crores: Vendors Meet Tamil Nadu Minister Over Ford Exit
At least 75 vendors from across Tamil Nadu, supplying components to auto major Ford, met the Rural Industries Minister in Chennai after the car-maker announced its India exit. Claiming that business with Ford made up 20-40% of their businesses.
-
Union Budget: Agriculture Infra Cess Of Rs 2.5 On Petrol, Rs 4 On Diesel
A component to develop farm infrastructure has been added to the cost of petrol and diesel in the Union Budget presented by Finance Minister Nirmala Sitharaman today.An agriculture infrastructure and development cess of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel have been added in the budget that was made after months of turmoil in the...
-
Automobile Industry Bands Together For The First Time To Seek Resumption Of Operations
The Indian automotive industry is one of the key drivers of our economy as it contributes 7 per cent to the GDP. The auto sector also creates employment for more than 3.7 crore people in a direct as well as indirect ways. Additionally, the industry also plays a crucial role in exports by exporting USD 27 billion worth of vehicles and components on ...
-
India May Airlift Components From China to Help Local Tech Industry Amid Coronavirus Outbreak
India is planning to backstop its growing electronics sector by arranging to airlift components from China, three government officials said, as it tries to contain the fallout from the coronavirus crisis in China.
-
Auto Component Industry's Turnover Falls Over 10% In April-September
The Automotive Component Manufacturers Association of India said subdued vehicle demand, recent investments made for transition from BSIV to BSVI emission norms, liquidity crunch, lack of clarity on policy for electrification of vehicles adversely impacted the expansion plans of the sector.
-
Apple to expand operations in India: Ravi Shankar Prasad
Salcomp will make chargers and other components at the plant and the move will also create 10,000 jobs, Prasad said. Apple's phones made in India will also be exported, he said, adding that exports of mobile phones and components from the country would be worth $1.6 billion each this year.
-
Xiaomi Says 99 Percent of Its Phones Sold in India Are Made in India
Almost all of the phones that Chinese smartphone maker Xiaomi sells in India are made in the country, Xiaomi India COO Muralikrishnan B said.
-
2019 Ducati Panigale V4 25 Anniversario 916: All You Need To Know
Ducati India has launched the Panigale V4 25 Anniversario 916 in India. It commemorates the 25th anniversary of the launch of the Ducati 916, one of most beautiful and iconic motorcycles to have ever been manufactured.
-
Steelbird International Introduces Two-Wheeler Tyres In North East India
Auto components maker Steelbird International has expanded its two-wheeler tyres business in the North East. The company has launched its range of two-wheeler tyres in Guwahati, Assam, and will be also providing roadside assistance on the tyres, images first-of-its-kind initiative in India. The comparison offering two-wheeler tyres in 10 different ...
-
Lockheed Martin To Start Producing F-16 Wings In India In Next 2-3 Years
American aerospace and defence major Lockheed Martin Friday said F-16 fighter jets will start flying with made in India wings in the next three years, provided the components made by its Indian strategic industry partner are certified by a US agency.
-
PM Modi's 'Make In India' Isn't Working For Smartphones. This Is Why
The government says it has a phased programme to manufacture phones, aiming to step up value added locally every year.
