Manufacturers, suppliers, and service providers associated with India’s drone industry are set to benefit from new regulatory reforms and PLI Scheme.
The Assam Electric Vehicle Policy, 2021 aims to achieve 25 percent EV market penetration by 2026 and includes incentives for manufacturers.
Starting from 2023-24 for a 5-year period, it will benefit major steel players and downstream manufacturing MSMEs.
India has the third largest fintech ecosystem globally and 67 percent of more than 2,100 fintech entities in operation have been set up in the last five years.
The Maharashtra government facilitates adoption of electric vehicles through price drop incentives and subsidies for both consumers and manufacturers.
We look at the latest developments boosting the investment viability of India’s IT sector, including push for local hardware manufacturing and 5G trials.
India’s cleantech start-up ecosystem is supported by hyperlocal players, a mix of public-private funding, and production incentives for specific industries.
Foreign investors keen on India’s food processing industry should note the new last date to apply for the production-linked incentive scheme is June 24, 2021.