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Dassault Systèmes showcases digitalization solutions at Aero India 2021 With the theme of showcasing “Digitalization to realize a thriving Aerospace, Defense and Space ecosystem,” Dassault Systèmes at the 13th edition of Aero India 2021 showcases technology solutions to Improve Supply Chain Collaboration, to Design for Flexible Manufacturing, to Manage Complex Systems and Accelerate Program Integration and to Deliver High Performance Operations. Experts from Dassault Systèmes will be present at booth...

“Budget focuses on reviving the economy” With its extensive focus on infrastructure and healthcare, the Budget FY21-22 clearly focuses on reviving the economy. The key pillars such as health and wellbeing, capital and infrastructure, inclusive development, enhancing human capital, innovation and R&D and minimum government and maximum governance rightly identifies the core areas for sustained growth and provides considerable thrust towards an Atmanirbhar Bharat. The emphasis on further expanding the...

Construction equipment industry lauds Union Budget 2021 Construction equipment industry lauds Union Budget FY21-22 for its bold attempt to address the huge disruption caused by the pandemic. Despite the backdrop of the huge fiscal deficit of 9.5 % for FY21 and an estimated deficit of 6.8 % in FY22 the government has outlined robust measures to boost health care infrastructure, focus on infrastructure development, power sector reforms, promoting innovation and...

Investment in Infrastructure, Railway and Discoms will boost Electrical Equipment Industry: IEEMA Indian Electrical and Electronics Manufacturers Association (IEEMA) welcomed the Union Budget announced by the Union Finance Minister Nirmala Sitharaman, as a “balanced budget”. Reacting on the budget Anil Saboo, President – IEEMA, said, “A figure of Rs. 3.05 Lakh Crore will be invested in Discoms for improvement of feeder separation, prepaid Smart Metering and upgradation of systems. This investment...

Budget brings a major impetus to health care reform The health care proposals in the 2021 Union budget, aligned with the vision of Atmanirbhar Bharat, have given a major impetus to health care reform in the country. It reflects the emphasis on three major aspects of prevention, healing and well-being involving primary, secondary and tertiary healthcare, which in turn will generate more jobs. Undoubtedly, the 138% increase of health and well-being...

Will indirectly help boost the housing demand: NAREDCO Maharashtra The Government has put their best efforts to put the economy back on track after the adverse effects of Covid-19 pandemic that the entire country went through. It has focussed a lot on infrastructure in this budget. This will indirectly help boost the housing demand especially in the Tier II and Tier III cities. The Government's decision to further infuse Rs. 20,000...

“Focus on healthcare infra is a positive step” The FY22 Budget is in line to support recovery of Indian economy while keeping the overall policy stability and fiscal discipline in perspective. COVID 19 pandemic is an unprecedented time and has brought importance to healthcare in India. The focus on healthcare infrastructure in FY22 Budget is a positive step towards growth with a 137% increase in allocation to the sector at...

“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...