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Govt targets domestic value addition in ACs to rise to 75-80% by FY29

The third round of the scheme has received commitments worth Rs 4,121 crore

Fiem's growth driven by LED adoption, EV expansion

The rising market share of LED lights, acquisition of new clients, and wider acceptance of EVs make it an attractive long-term bet

Economic Survey 2023: PM Gati Shakti and National Logistics Policy to support domestic manufacturing, export competitiveness

Economic Survey 2023: A total of Rs 1,458 crore has been spent as capital expenditure for the development of the PM Gati Shakti digital platform.

PLI for white goods: Take risks, innovate and go global, says DPIIT secretary

"The industry needs to take risks. It needs to think global and it needs to innovate continuously not just for Indian markets but for global markets. The industry needs to continuously develop its own standards."

Centre extends PLI scheme for manufacturing of air conditioners, LEDs and solar PV modules

Government has announced Rs. 4500 crore worth of benefits for solar photovoltaic modules, Rs. 6238 crore for LED bulbs. Incentives will be direct subsidies based on incremental production given to global champions who can bring in economies of scale, Piyush Goyal said.

Essar Oil to open 400 petrol pumps in UK in 3 years

Essar Oil UK plans to grow its network of petrol pumps in the United Kingdom to 400 in three years to capture about 10 per cent of the market share. The company, the only Indian firm to own a refinery in Europe, opened its first petrol pump at Coalville in Leicestershire in November last year and has added six more services stations since then.

Gartner predicts spurt in IoT usage by 2016

IoT is the network of physical objects or "things" embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data.

Hyundai to unveil Intrado concept at Geneva Auto Show 2014

Intrado is powered by a hydrogen fuel cell that makes use of a Li-ion 36kWh battery, which can be refueled in minutes and has a claimed range of 600 kilometres.

Cabinet approves incentives package for electronics sector

The Cabinet today approved the Modified Special Incentive Package Scheme under which the government will provide up to Rs 10,000 crore in benefits to the industry over the next five years for promoting production of electronics products and components in India.

Panasonic India to invest Rs 210 cr on marketing this year

Consumer durables firm Panasonic said it plans to invest Rs 210 crore on marketing and promotion of flat panel TVs in India this fiscal as it aims to nearly double revenue to Rs 10,000 crore this year.