In Short : Union Minister HDK (H. D. Kumaraswamy) indicated that fiscal incentives are being considered to promote the local manufacturing of rare earth magnets in India. The move aims to reduce import dependence, strengthen the domestic supply chain for critical materials, and support sectors like renewable energy, electric vehicles, and advanced electronics, aligning with […]
India Considers Policy to Boost Domestic Wind Turbine Production with Component Disclosure – EQ
In Short : India is considering a policy that would require wind turbine manufacturers to disclose the sources of key components, such as blades, towers, and generators, for inclusion in the Revised List of Models and Manufacturers (RLMM). This initiative aims to boost domestic manufacturing, reduce import reliance, and strengthen the wind energy supply chain, […]
Ola Electric Joins Forces with Ministry of Heavy Industries to Boost Domestic EV Battery Production Under PLI ACC Scheme – EQ
In Short : Ola Electric’s unit has partnered with the Ministry of Heavy Industries under the PLI ACC scheme to boost domestic EV battery production. The collaboration focuses on local manufacturing, cost reduction, innovation, and sustainability. By producing advanced batteries in India, the initiative aims to cut EV costs, reduce imports, and support the nation’s […]
