Incentives

The incentives are part of the Rs 500-crore Tamil Nadu Semiconductor Mission 2030 (TNSM 2030) announced during the state budget, and aim to give fabless firms ‘critical early-stage support’.

Govt may extend PLI scheme deadline for solar module projects

Visa issues for Chinese technicians, supply chain disruptions, and slow technology transfer have hampered progress under the Production Linked Incentive scheme for solar modules.

Government weighs fresh incentives to shield exporters from Trump tariff blow

The commerce ministry is expected to meet exporters this week. Depending on their feedback, it will take a call on providing for new schemes or incentives

Karnataka: Apple supplier Foxconn to get Rs 6,970-crore incentives under ESDM policy

Foxconn is setting up mobile phone manufacturing plant in Devanahalli Industrial Area near Bengaluru airport

MC Exclusive: Trump order casts a shadow on Indian solar panel manufacturers' US plans

The Trump administration has paused the disbursal of funds under the Inflation Reduction Act, which offered tax credits for making in US. Three of the four Indian manufacturers who wanted to set up plants in the US have put their plans on hold

Festive cheer: ONDC hikes monthly incentive payout by 50% to each network player in October

ONDC also recorded a 3.2 percent month-on-month growth in transactions in September to 12.90 million

Strongest incentives from the state should be for EVs: BMW

The company, which on Wednesday introduced the all-electric MINI Countryman and electric scooter CE04 in the country, said the market here is still evolving and efforts should continue to smoothen and accelerate this transition.

Manufacturing startups pin hopes on Modi 3.0 for policy support, growth levers

Founders are also expecting that the government will double down on the fund of funds scheme

Karnataka, Tamil Nadu woo GCCs with incentives in state budgets

The two southern states, which produce lakhs of engineering graduates every year, are looking to attract more GCCs to invest at a time when Indian IT firms have slowed down hiring in a weak macro environment.

Govt launches fresh incentive scheme for green hydrogen, green ammonia production based on demand aggregation

This is the first incentive scheme specifically for the production of green ammonia under the National Green Hydrogen Mission. Moneycontrol was the first to report the incentive scheme plan in May last year.

India's first offshore wind projects to come up across Tamil Nadu coast

The government has made the National Institute of Wind Energy (NIWE) the nodal agency for offshore wind projects

Why founders need to be incentivised with ESOPs

ESOPs can be an important tool to keep the company headed in the right direction under the leadership of its founders who became executive directors.

Byju’s defers FY24 appraisals as it looks to conserve cash amid delay in funding

A majority of the company’s employees are also yet to receive variable pay and other incentives.

Govt lines up incentives for green hydrogen production, electrolyser making

The electrolyser incentive will be based on a performance multiplier matrix covering aspects such as energy consumption by the electrolyser and its performance quotient.

Eye technology and standards, India to organise international green hydrogen conference in July

The MNRE secretary added that the government will also come up with guidelines for creation of Green Hydrogen Hub, which is an area where production and consumption occur in close proximity.

Govt to include demand aggregation model in National Green Hydrogen Mission scheme

As the government aims to produce about 1.2 million metric tonnes (MMT) of green hydrogen annually initially, a section of industry stakeholders has been skeptical about mass production despite the incentives,

Govt. to provide $17 billion incentive to states for power sector reforms

Indian government will provide incentives worth 1.4 trillion rupees ($17.08 billion) to states for power sector reforms in 2023-24, the government said in a statement on June 28.

Union govt not looking at any tailored incentives as of now for Tesla; states can offer

The representatives of the firms visited the country last month and held meeting with various parts of the government, including the commerce and industry ministry.

India to offer $455 million in incentives for battery storage projects

The scheme is intended to boost battery storage projects critical to India's ambitious plan to expand its renewable energy capacity to 500 gigawatts (GW) by 2030 and cut the cost of battery energy storage from the current 5.5-6.5 rupees per unit.

Tesla held talks with India on auto incentives, battery making: Report

The recent discussions represent a shift in stance for Tesla.

Vedanta announces incentives for purchase of EVs by employees

As part of its commitment towards net-zero carbon, the company has pledged 100 per cent of its light motor vehicles to be decarbonised by 2030.

India probes possible misappropriation of incentives by EV makers

Complaints were made against 12 electric vehicles and parts manufacturers, including Hero Electric Vehicles Pvt Ltd and Okinawa Autotech Pvt Ltd, for violating guidelines under the programme

Don't depend on small incentives, subsidies; increase competitiveness: Piyush Goyal to industry

Ambitious targets of exports should not be affected by "small support subsidies and incentives. That has been the bone of contention between some services sectors and the government," Goyal said.

Centre withdraws incentives, special allowance to IAS, IPS officers working in north-east regions

The government had on February 10, 2009 issued an order for this particular grant, called as "special allowance for officers belonging to north-east cadres of all India services".

Nearly Rs 100 crore incentive offered on EVs to boost sales: Delhi govt

Apart from providing incentives, the government has also waived road tax and registration fees for all EVs.