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“Enhanced healthcare allocation augurs well for India” The Finance Minister has accorded special attention to the Healthcare Sector, increasing the overall outlay to health and wellbeing to nearly Rs.2.25 lakh crore, an increase of over 135% over last year. The enhanced allocation, along with the plan to look at healthcare wholistically – including nutrition, sanitation, clean drinking water and pollution control, certainly augurs well for the country. The allocation of...

“Budget left non-utility solar players to fend for themselves” The FY 2021-22 budget has left the non-utility solar players to fend for themselves. Adding to the misery is the capped net metering of 10KW, which is likely to impact 70% of the rooftop solar business, the Government’s stance to raise import duties on solar inverters will further discourage potential investment in the solar development segment, and adversely affect employment. Similarly,...

Maharashtra to promote renewable energy generation: Dr Nitin Raut The Mahavikas Aghadi Government is committed to generate 40 per cent of its energy from renewable sources by 2030 by encouraging the public private partnership, said Dr Nitin Raut on Thursday while delivering a key note address at a webinar organised by Federation of Indian Chambers of Commerce and Industries. Dr Raut said production of Solar Energy compared to the conventional energy...

Vikram Solar commissions 140 MW solar project for NTPC in UP Vikram Solar, one of India’s leading module manufacturers and a comprehensive EPC solutions & rooftop solar provider, announced the completion of a 140 MW solar plant project commissioned for National Thermal Power Corporation Limited (NTPC) at Bilhaur, Kanpur spread across 700 acres. The 140 MW solar project also includes a 33/132 KV switchyard. The expected energy yield of this...

Schneider Electric becomes world’s most sustainable corporate Schneider Electric, the global giant in the energy management and automation, has become the world’s most sustainable corporate. The company has climbed the annual index of “the Global 100 most sustainable corporations in the world” compiled by researcher Corporate Knights – from a ranking of 29 last year. “A jump from 29th position the previous year, the top ranking for 2021 represents an important...

Tata Power Solar wins Rs 1,200 Cr order from NTPC to develop 320MW solar park Tata Power Solar, a wholly-owned subsidiary of Tata Power, has received a “Letter of Award” (LoA) to build 320MW of ground mounted Solar PV project for NTPC. The order value of the project is approx. Rs 1,200 crore ($162 Million). The commercial operation date for this project is set for May 2022. With this addition, the...

PMI partners with Panasonic Life Solutions & Masstech for EV Charging Infra PMI Electro Mobility Solution announced partnership with Panasonic Life Solutions India and Masstech to set up EV charging infra across 18 cities in India. Panasonic Life Solutions India offers a comprehensive range of hi-tech EV chargers and accessories. In the first phase of the roll-out, the company will provide high-tech EV charging infrastructure for more than 1,000 electric buses...

Ola partners Siemens for EV manufacturing facility in Tamil Nadu Ola announced that it has partnered with Siemens to build its upcoming electric vehicle manufacturing facility in Tamil Nadu. In December, Ola had signed an agreement with the State government to invest Rs 2,400 crore for setting up its first electric scooter factory in the state. “Ola’s factory will be built on Industry 4.0 principles and will be the most advanced...

Tata Motors increases passenger vehicle prices Tata Motors has announced that it will hike prices of its passenger vehicle range, effective today. Rising input costs and material costs of steel, precious metals and semiconductors have compelled the company to pass on a part of the cost to customers. “Tata Motors has marginally increased prices from 0 to INR 26,000, depending on the variant. Continuing its commitment towards customers, the Company will...

Siemens launches one of the most efficient DC chargers currently available on the market Siemens Smart Infrastructure released its new public fast charger Sicharge D. It is suited for highway and urban fast charging stations, city parking as well as shopping malls and provides one of highest peak efficiencies on the market at 96 percent, scalable charging power and dynamic power sharing. “With its upgradability and dynamic charging, it is a...

Japanese company Daicel to set up airbag inflator manufacturing unit in Chennai Osaka headquartered Japanese company Daicel Corporation plans to establish a production site at the OneHub Chennai Industrial Park in Tamil Nadu. The plant is scheduled to start operations in December 2023. Earlier in October 2018, Daicel established a sales base – Daicel Safety Systems India Pvt. Ltd.in Gurugram – to conduct marketing and local research. “Until now, we have been...

AutoFlipz starts operations in Delhi NCR AutoFlipz, automobile startup in the Aftermarket Repair Shops (ARS) launches its operations in Delhi NCR. Founded by two investment bankers, Autoflipz will provide the much needed standardization and transparency in the ARS with first of a kind tech-enabled platform. The services segment in the auto sector is the fastest growing segment expanding at a CAGR of 9%. According to recent market data, only 35% of...

IMTEX Connect 2021: Manufacturing and Machine Tool Show on the Digital Platform Business is bouncing back sharply following the coronavirus induced lockdowns and the prolonged economic slowdown. Buying sentiments have been strengthened with encouraging orders and sales in recent months. Industries are transforming and becoming agile with optimization of resources and strategizing their business plans to become resilient. Aided by Government policies, industries are actively scouting for opportunities in newer...

What’s Maharashtra’s Energy Roadmap? Dr. Nitin Raut, Energy Minister of Maharashtra talks with Mr. Subhajit Roy on mojo4industry Everything you wanted to know about the energy roadmap of Maharashtra – the economic engine of India. In an exclusive interview with Subhajit Roy, Dr. Nitin Raut, Energy Minister of the State shares his strategic vision for an Electrifying Maharashtra. Set a reminder 🔔 to watch Dr Raut’s Exclusive Interview which is all...

Will India's power sector sail through? Mr. Ashok Khurana, Director General at APP on mojo4industry In the year 2020, we all have witnessed an unprecedented scenario unfold with the COVID-19 pandemic. The impact of the pandemic on demand and revenue collections of distribution companies has led to a cascading effect on the entire power sector value chain. In an exclusive interview with Subhajit Roy, Mr. Ashok Khurana, Director General at Association...