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India’s Trade Performance Resilient during 2020-21

The Indian Economy has shown significant resilience amidst the global pandemic and trade shock that began to impact the global economy towards the end of 2019-20 and acquired catastrophic proportions in 2020-21. Secretary, Department of Commerce, Government of India said during the virtual media interaction that the cumulative value of overall exports (merchandise & services) during April-March 2020-21 has been estimated at USD 493.19 Billion compared to USD 528.37 Billion during April-March 2019-20, registering a negative growth of (-) 6.66 percent.

TAGS #economy

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

MoRTH/Railway ministry Notifications

  • Ministry of Road Transport & Highways Issues Draft Notification, proposing to exempt Battery Operated Vehicles (BOV) from payment of fee for issue or renewal of Registration Certificate (RC). Read more>>

Railway Ministry issued following notifications:

  • Misclassification of Goods as Works in procurement. Read more>>

  • PPP-MII Order, 2017- Clarification regarding local content calculation for imported products.

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