This scheme is designed to create a complete component ecosystem in India and make India an integral part of the global supply chain, the body noted

The conversation around the PLI scheme for air conditioners started in May last year and just a couple of weeks later the government and industry came together to chart out an initial strategy.

The firm stated that it will deploy more than 25,000 EVs by 2030. \"Mahindra Logistics will play a significant role in working with various OEMs and help Flipkart's sustainable transition to EVs,\" said Flipkart in a statement

The rupee is expected to average around 73.50-74 in FY22, as, despite a vaccine, the COVID-19 frenzy still persists and is likely to continue to grapple the foreign exchange market

The study by the Energy Policy Institute at the University of Chicago used several high-frequency micro-data sets of worker output and a nationally representative dataset of more than 58,000 factories across India

Much like the $1.9 trillion virus rescue plan signed into law earlier this month, the new package would also include family-friendly policies, this time focusing on education and paid family leave

The state's move would impact nearly 1.5 lakh current jobs in IT-ITES sector, and given the industry's high attrition rate, could have a \"severe\" implication in 1-2 years, Nasscom said in a survey

According to India Exim Bank Research, during 2019-20, the cumulative exports from the 10 PLI sectors stood at $71.9 billion with significant untapped potential in the sectors

Experts says south India has always played an important role in India's economic growth and manufacturing, IT, pharma, edtech and healthcare could drive the country's growth engine to realise $5 trillion economy dream

In his response to Lok Sabha, the Agriculture Minister said that the new farm laws are meant to make agricultural markets more efficient and provide farmers better prices for their produce

The minister observed that a large amount (average Rs 8 and higher per unit) is being paid by the MSMEs for power consumption, which contributes to up to one-fifth of the overall production costs

On a caucus call on Tuesday, US Senate Majority Leader Chuck Schumer discussed his push to direct Senate committees to draft a legislation to protect American jobs and outcompete China

While the prices of four categories of medical devices - coronary stents, drug-eluting stents, condoms, and intrauterine devices - are already fixed by NPPA, the prices of the rest are fixed by the manufacturers themselves

Ford and Mahindra had proposed a joint venture to develop at least three sports-utility vehicles (SUVs) for India and emerging markets, as well as share suppliers, powertrains, and technology

Biden will also encourage G-7 partners to make good on their pledges to COVAX, an initiative by the World Health Organization to improve access to vaccines, according to a senior administration official

NTLF, NASSCOM's technology forum, in its 29th edition is focused on the theme 'Shaping the future towards a better normal'. The forum will continue from February 17 to 19

This virtual engagement with leaders of the world's leading democratic market economies will provide an opportunity for President Biden to discuss plans to defeat the COVID-19 pandemic, and rebuild the global economy, the White House said in a statement

Exporters organisation FIEO pointed out that the new scheme provides refund of all taxes and duties hitherto not refunded through any other mechanism and hence should not be limited to the budget constraints

The Union Budget for 2021-22 admirably rises to the challenge of creating an enabling environment to deliver on the promise of National Infrastructure Pipeline in the next few years

With the concept of the parks with a plug-and-play model, the textile and apparel sector, particularly the SMEs (small and medium enterprises), can build competitiveness in manufacturing, ITF convenor Prabhu Dhamodharan said in the statement