APT Translations

The move to bolster the solar power sector by expanding the exemption list for capital goods used in manufacturing solar cells and panels is a continuing testament to India’s commitment to harnessing its abundant solar potential.

The GIFT-IFSCA is akin to the Hercules pillars serving as the gateway for India linking her to the global economy and the new hotspot for foreign investment. In furtherance of its efforts towards the challenging task of mobilizing climate finance (currently estimated to be USD 10 trillion) for achieving its net-zero goal by 2070, India seeks to establish Gift City as the global climate finance hub.

As per the recent Economic Survey 2024, India has achieved remarkable advancements in climate action especially in the priority areas of energy transition and mobility.

India has already committed to generating 500 gigawatts (GW) of renewable energy by 2030 and the Finance Minister's announcement of a forthcoming policy document on energy transition pathways is a significant step in this direction.

The government approved the VVP as a centrally-sponsored scheme on February 15, 2023, with an outlay of Rs 4,800 crore for 2022-23 to 2025-26 for development of these villages in 46 blocks abutting the northern border.

In a press conference here, BMW Group Senior Vice President, Region Asia Pacific, Eastern Europe, Middle East and Africa Jean-Philippe Parain stated that the "strongest incentives from the state should be for EVs".

The FCDO said the tech initiative is part of a wider package of announcements the UK Foreign Secretary agreed following bilateral meetings in New Delhi, including with his counterpart External Affairs Minister Dr S Jaishankar, to "refresh" the UK-India Comprehensive Strategic Partnership.

Rao said the global financial system is facing strong headwinds from various quarters, including high levels of public debt, stretched asset valuations, economic and financial fragmentation, geopolitical tensions, and risks arising from increasing cyber threats.

The US solar manufacturing industry needs a domestic supply of cells, the building blocks of solar panels, in order to make products that can qualify for a generous new subsidy for American-made clean energy equipment.

Apparel Export Promotion Council (AEPC), which has taken a big delegation to Tokyo for the India Tex Trends Fair, said the aim is to increase exports from India to Japan and to encourage and invite investment in the Indian ready-made garments (RMG) sector.