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Page 11 - India Pvt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

India blocks $1 billion bid by China s BYD to set up EV factory

The Indian government dismissed the plan from BYD and Hyderabad-based Megha Engineering and Infrastructures Ltd. on national security concerns, the people said, asking not to be identified as the decision is not yet public. The use of Chinese homegrown technology is a concern, one of the people said.

Why Odisha s semiconductor policy is progressive over the one introduced by Gujarat and UP

Gujarat was the first state to introduce a semiconductor policy by offering an incentive of 20 per cent of the approved project cost, over and above the 50 per cent offered by the centre.

India blocks BYD s bid to set up plant

India rejected Chinese carmaker BYD Co.’s proposal to build a $1 billion electric-vehicle plant in partnership with a local company, according to people with knowledge of the matter. The Indian government dismissed the plan from BYD and Hyderabad-based Megha Engineering and Infrastructures Ltd. on national security concerns, the people said,…

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