Government of India has announced the allotment of Rs 5,000 Crore (€625 million) fund for the support and growth of the electric vehicle infrastructure in the country by 2025. The plan comes in as an integral part of the momentous Rs 88,500 Cr (€11 billion) scheme.
- Operational Guidelines for Delivery of Demand Incentive under FAME India Scheme: Phase – II. Read more
- Notification for FAME India Scheme Phase II Read more
- Constitution of inter-ministerial panel for monitoring, sanctioning of projects under FAME II, aimed at incentivising clean mobility. Read more
- Notification no. G.S.R 1229(E) regarding Braking requirement and electronic stability control. Read more
- Notification no. G.S.R 1225(E) regarding seat dimensions, lamps for three wheelers and reverse parking system for M & N Category vehicles. Read more
- Notification no. G.S.R 173(E) regarding Braking System and Anti-lock Braking System. Read more
- Notification no. S.O 1018(E) regarding Motor Vehicles (High Security Registration Plates) Order, 2018. Read more
- Notification no. G.S.R. 167(E) regarding Retro-fitment of hybrid electric system or electric kit to Motor Vehicles. Read more
- Notification no. G.S.R 174(E) regarding Common Format for the Driving Licence and the Certificate of Registration. Read more
Government is preparing plan for $100 billion FDI inflow: Commerce and industry minister
According to Commerce and Industry Minister, Government of India is working on a blueprint to increase FDI inflows to $100 billion through a targeted approach. The minister also outlined his strategy to create a win-win partnership with other countries and retain the focus on a collaborative approach to global trade at a time when countries such as the US were seeking to undermine the relevance of the World Trade Organization (WTO).
The World Bank has committed to provide India funds worth $300 million to aid its energy efficiency programme. The move will help the government set up the requisite infrastructure to push forward its ambition of expanding e-mobility in the country. The aid received from the World Bank will supplement the funds that the Centre proposes to raise by levying a one-time fee from conventional fuel based vehicle buyers in a bid to provide financial assistance to the e-mobility programme.
The Union Cabinet has approved the Memorandum of Understanding (MoU) between India and France on technical bilateral cooperation in the field of new and renewable energy. India and France aim to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable issues on the basis of mutual benefit, equality and reciprocity.
India and European economic major Netherlands singed Customs Treaty which will boost trade ties between the two countries through an efficicent management of customs rules. In the last 15 years, the Netherlands has invested 15 billion USD in India and in the past few years, the Netherlands was one of the 5 largest investors in India while at the same time India was in the top-5 investors in Netherlands.
During the meeting of 3rd Indo-German Working Group for cooperation on water and waste management which concluded in New Delhi, both sides discussed potential cooperation in this area. Both sides decided to work on developing reference documents for the textile sector, Water Governance, Marine Litter, waste to energy landfill sites, water quality management, training and capacity building of local bodies and Circular Economy.
The Union Cabinet has approved the MoU between India and Finland for collaborating based on mutual interest in the field of Biotechnology, for funding and implementing ambitious industry-led innovative and transnational projects within the broad scope of research development and innovation. The MoU will support creation of long-term R&D and Innovation collaboration mechanism and to strengthen cooperative network between Indian and Finnish organizations.
The European Union is upbeat on Indian innovators, startups, incubators and accelerators for collaboration in space technology. The collaboration has been on for almost four years, the two sides are also working together in the space sector on Copernicus and Galileo, the EU’s flagship Earth observation and navigation programmes, respectively. For Galileo, the grouping is promoting startups and Global Navigation Satellite System (GNSS) market applications in India.