Indian EV cell manufacturer Log9 flags output decline due to Chinese experts’ delayed visas Indian government’s delay in approving visa requests led Log9 Materials, the country’s first producer of lithium-ion batteries, to issue a production warning for its Bengaluru facility. The…
Cabinet approves spending of Rs 14,903 crore to enhance the Digital India program The government’s flagship Digital India scheme would be extended for an additional five years, from FY2021–22 to FY202–26, with funding totaling Rs 14,903 crore, as approved by…
Govt plans up to Rs 50,000 crore outlay to subsidize EVs: FAME-III scheme The initial draft of the third phase of the FAME, or Faster Adoption and Manufacturing of Electric Vehicles Scheme, has been developed by the Union Government. After consulting…
A NASSCOM analysis predicts that AI would increase India’s GDP by 450–500 billion dollars by 2025, or 10% of the goal GDP of USD 5 trillion. The adoption of AI has been pioneered by highly digitized sectors like IT, financial…
India limits import of laptops and PCs with immediate effect According to government notice, imports of laptops, tablets, and personal computers have been stopped with immediate effect. This action was done to promote domestic manufacturing. Minister of State of information…
Following Micron, semiconductor component manufacturers to launch operations in India The semiconductor ecosystem is starting to become more locally oriented. At least 4 to 5 of the leading suppliers of parts and materials to the semiconductor industry are expected to follow…