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According to the Aayog, India s rapidly expanding trucking market, which is expected to more than quadruple from 4 million trucks in 2022 to roughly 17 million by 2050, offers immense scope for lowering emissions and encouraging investments for growth. ....
India Business News: Commerce and industry minister Piyush Goyal emphasizes that the Production-Linked Incentive (PLI) schemes are meant to provide initial support to boost manufacturing, but companies should be prepared to face competition. He urges the industry to focus on global markets and collaborate for growth. The government has disbursed Rs 4,415 crore under the schemes for eight sectors, including electronics and pharma, till October 2023. ....
PLI: India s manufacturing sector has emerged as the main growth driver as the country continues to be a bright spot with an over 7 per cent GDP growth amid the global slowdown. ....
The interim budget is reassuring with no big surprises. The fiscal deficit target for FY24 will be met and a tighter target is proposed for FY25, freeing up space for private borrowings. The budget focuses on trade, tourism, and transportation, with investments in railway corridors, airports, and public transport. It also supports the PLI and IDEAS schemes and emphasizes managing inflation and inclusive growth. The budget addresses women s and children s health, housing, and sustainability through the rooftop solar scheme. Overall, it indicates the government s intent and sets expectations for the full budget. ....
The government s emphasis on electric vehicles (EVs) in the recent budget is expected to have a transformative impact on the country s industrial landscape. The push for EV manufacturing, charging infrastructure, and incentives aligns with the Make In India program and aims to create a robust EV industry. This move is expected to not only reshape the automobile industry but also fuel demand for new storage, distribution, and logistics facilities. The intricate logistics involved in the EV supply chain will drive the need for strategically located and advanced warehouses to support the growing EV market. ....