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Sectorial report on Indian ICT sector

SESEI drafted and released a sectorial report on Indian ICT Sector covering the most important & significant IT and telecommunications sector profile, Industry trends & projections, key market players, new government policies and initiatives. Report can be downloded here and presentation is available here 

TAGS #ICT

Government notifies phased import duty hike on electric PV parts, lithium-ion cells

As part of the road map under the phased manufacturing programme (PMP), Government has notified phased increase in basic customs duty on parts of electric passenger vehicles to be assembled in India to 15% from April 2020 and 10% on imported lithium-ion cells by April 2021 to promote domestic manufacturing of EVs.  The notification also entails doubling the basic customs duty on completely built units of electric buses and trucks to 50% from April 2020.

TAGS #PMP #EVs

Government approved scheme for FAME India phase II

Government of India has approved the proposal of implementation of scheme titled “Faster Adoption and Manufacturing of Electric Vehicle in India phase II (FAME India Phase II) for promotion of Electric Vehicle (EV) in the country. The scheme with total outlay of Rs 10,000 Crores (about 1.25 billion) over the period of three years (i.e. from 2019-20 to 2021-22) will be implemented with effect from 1st April 2019.