The Ministry of Heavy Industries is drafting guidelines for the new electric vehicle policy to attract global automakers like Tesla. Automakers, including Vietnam s Vinfast, must invest as per the new norms to avail incentives under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) approved on March 15, 2024.
Electric Vehicle Policy Guidelines: Stating that the government wants to issue them through a consultative process, the official said, "We will make the draft guidelines and will circulate those amongst the possible applicants and again call a consultative meeting."
In 1964, the Mexican government introduced Maquiladoras as a strategy to attract foreign investment and increase industrialization on the Mexican border. Maquiladora's process, produce, transform.