EV software and hardware engineers, battery and service technicians, fleet management professionals are needed to drive the growth of the sector. The electric vehicle (EV) industry is growing and this has led to a rise in demand for new skills and expertise. It is creating opportunities of various types and at various levels for those… Continue reading Talent demand in EV segment drives in new roles and contract hiring
Author: Economic Times of India Online News
Investments made in creating plant and machinery to qualify for sops under new EV policy
As an incentive, the centre will levy concessional import duties on cars being imported by companies qualifying under the scheme. Investment in creation of physical infrastructure such as plant and machinery, charging stations, and assets developed or acquired by companies will qualify for getting sops under the Scheme for Manufacturing of Electric Cars (SMEC). Royalty… Continue reading Investments made in creating plant and machinery to qualify for sops under new EV policy
QR code and UPI-based ticketing system gaining popularity among Kolkata metro commuters
Metro has earned more than INR 1.66 crores from selling the Paper Based QR Tickets and more than INR 1.5 lakhs by selling Mobile Based QR Code Tickets. QR code based tickets have been becoming popular among the metro commuters in the Green Line. According to a release on the official website of Kolkata Metro,… Continue reading QR code and UPI-based ticketing system gaining popularity among Kolkata metro commuters
Jakson Green to invest INR 3,500 crore in RE utility, including green hydrogen projects
Ogra detailed the financial and strategic aspects of Jakson Green’s operations, emphasizing the recent developments in green methanol and hydrogen projects. New Delhi: Jakson Green, a key player in the renewable energy sector, has announced an investment of INR 3,500 crore through PE investors and non-recourse financing route focused on developing its renewable portfolio across… Continue reading Jakson Green to invest INR 3,500 crore in RE utility, including green hydrogen projects
India’s foreign exchange reserves rose USD 2.6 billion in latest week
Also, the relative fall in forex reserves could be linked to the RBI’s intervention, from time to time, in the market to defend the uneven depreciation in the rupee against a surging US dollar. India’s foreign exchange reserves rose for the second straight week, by USD 2.561 billion to USD 644.151 billion in the week… Continue reading India’s foreign exchange reserves rose USD 2.6 billion in latest week
Japan and ASEAN to develop joint strategy for auto industry in Southeast Asia
Last week, Japan’s Honda Motor pledged to double its electrification and software investment to about USD 65 billion through fiscal 2030. Japan and the Association of Southeast Asian Nations (ASEAN) plan to create their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China’s increasing presence in the electric… Continue reading Japan and ASEAN to develop joint strategy for auto industry in Southeast Asia
JSW steel to spend over INR 19,000 crore to expand Dolvi plant
The National steel policy 2017 envisages India’s steel production capacity at 300 million tonne by 2030-31. The cost of JSW Steel‘s third phase of capacity expansion at its plant in Dolvi will be among the lowest for brownfield expansions for the company, a top official told ET. JSW Steel will spend a little over INR… Continue reading JSW steel to spend over INR 19,000 crore to expand Dolvi plant
India on track to have world’s second-largest urban metro system by 2024, says Hardeep Singh Puri
Union Minister Hardeep Singh Puri Union Minister Hardeep Singh Puri, in an interaction with former judges, veterans of the armed forces, and intellectuals, underlined the development of urban metro transport in the past decade and said that the country will soon have the world’s second-largest urban metro system in the next two and a half… Continue reading India on track to have world’s second-largest urban metro system by 2024, says Hardeep Singh Puri
Claus Gorsmann set to join Vikas Group’s Ecocat as CTO
Dr. Gorsmann’s career spans over two decades, during which he has held several key positions. New Delhi: Dr. Claus Gorsmann is set to join Vikas Group‘s Ecocat division as Chief Technology Officer (CTO) on May 20, 2024. With a robust background in industrial technology and strategic management, Dr. Gorsmann is expected to significantly enhance the… Continue reading Claus Gorsmann set to join Vikas Group’s Ecocat as CTO
Government expects positive response to electric vehicle policy from multiple companies
“Everybody talks about one company (US-based EV major Tesla), but we are expecting responses from many companies to that policy,” Singh said here at CII’s annual business summit. The government stated on Saturday that India anticipates a positive response from numerous automobile companies regarding its electric-vehicle (EV) policy, which was unveiled in March with the… Continue reading Government expects positive response to electric vehicle policy from multiple companies