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MeitY Startup Hub, La French Tech Bengaluru announce tie-up

MeitY Startup Hub and La French Tech, Bengaluru, have launched the Indo-French Tech Programme to support Indo-French startup collaboration. It is also for facilitating a rapid convergence of the French and Indian startup eco-systems and establishing linkages between Indian and French incubators and startups. This programme is jointly supported by the Ministry of Electronics & IT of India, and the French Government, a joint statement said.
The Indo-French Tech Programme was launched on the occasion of the visit to India of French Minister for Europe and Foreign Affairs, Jean-Yves Le Drian during a French Tech event at the Indian office of Meero, a French on-demand photography unicorn.

TAGS #Meity

FAME-II Program Revised with Increased Incentives for Electric Two-Wheelers

The Department of Heavy Industries has announced partial amendments to the Faster Adoption and Manufacturing of Electric Vehicles in India Phase-II (FAME-II) program. Specific demand incentive for electric two-wheelers (E2W) of ?15,000 (~$205)/kWh has now been announced. Earlier, there was a uniform demand incentive of ?10000 ($137)/KWh for all vehicles. Also, the cap on incentive for E2W has been raised to 40% of the total cost of the vehicles. The cap earlier was 20% for all vehicles including E2W. Demand aggregation is identified as the key to bringing down the upfront cost of electric three-wheeler electrics, on par with the internal combustion engine vehicles for multiple user segments.

TAGS #E2W

IIIT-H gets first corporate founding partner for Smart City Living lab

International Institute of Information Technology-Hyderabad (IIIT-H) has announced that Silicon Labs, a leading provider of silicon, software and solutions, is the first corporate founding partner for its new Smart City Living Lab. The lab’s mission is to provide a research and development ecosystem for next-generation technologies designed to improve safety, sustainability, energy efficiency, sanitation, and overall quality of life in densifying cities. It is part of the institute’s Smart City Research Center, supported by the Ministry of Electronics & Information Technology (MeitY), Smart Cities Mission, Telangana government, and European Business and Technology Centre.

TAGS #IIIT

India to become major production hub for ACC batteries: ICEA

The India Cellular and Electronics Association (ICEA) has welcomed the Rs 18,100 crore (€2.1 Bn) Production Linked Incentive (PLI) scheme that has been approved for Advanced Chemistry Cell (ACC) battery storage in the country. In a statement, ICEA that represents mobile and component manufacturers such as Apple, Motorola, Nokia, Foxconn, Wistron, Flextronics, Lava, Vivo and others, said that it would promote newer and niche cell technologies in the country. PLI scheme would give thrust to 'Make in India' initiative and will attract huge investments of Rs 45,000 crore (€5.2 Bn) plus in the coming years. With this push for ACC batteries, the sector would witness robust growth in the coming years.

TAGS #ICEA