India's Ministry of Heavy Industries released a list of applications approved under the Production Linked Incentive (PLI) scheme for the automobile sector with Hyundai, Ford, and Suzuki willing to invest in advanced green automotive technologies in India.
Reliance aims to be world's top blue hydrogen producer
In a push for ecological friendliness announced in 2021, Reliance said that it is planning to produce blue hydrogen in its Jamnagar plant, Gujarat, for US$1.2 to US$1.5 per kilogram until the cost of green hydrogen comes down, according to Reuters.
India smartwatch shipments almost tripled in 2021
Counterpoint Research said in its latest market tracker that India smartwatch shipments grew 275% year-on-year in 2021, with domestic brands grabbing over 75% of the market share.
India bans import of foreign drones to develop local supply chain
To reduce reliance on foreign drones and develop a local manufacturing ecosystem, Directorate General of Foreign Trade under the Ministry of Commerce and Industry of India released a notification banning the import of drones regardless of whether they are CBU (completely built unit), CKD (completely knocked down), or SKD (semi-knocked down) and allowing free import of drone components.
Reliance continues spending spree in green push
The Economic Times reported that Reliance Industries announced that its newly established Reliance New Energy Solar completed the acquisition of a 40 percent stake of renewable EPC contractor Sterling & Wilson Renewable Energy. Reliance New Energy Solar will also acquire Indian EV startup Altigreen Propulsion Labs, and the transaction is to be completed by March.
credit: DIGITIMES
