Vehicle and parts produced in Mexico can qualify for preferential treatment under the U.S.-Mexico-Canada trade agreement as well as qualifying for a USD 7,500 EV tax credit, the report noted. U.S. manufacturing trade group on Friday urged the Biden administration to take steps to block the import of low-cost Chinese automaker imports from Mexico that… Continue reading US should block low-cost Chinese automaker imports from Mexico, says manufacturers’ group
Author: Economic Times of India Online News
Debate emerges over iron ore export ban amidst clashes between steelmakers
According to the association, its members, 5,000 secondary steel units, are requesting for an immediate ban on iron ore exports. Iron ore mining companies and steelmakers that do not have captive mines are at loggerheads over the export of the raw material, in a bid to safeguard their interests. Secondary steel producers from Odisha and… Continue reading Debate emerges over iron ore export ban amidst clashes between steelmakers
24×7 power with green H2 storage in works
The NGHM was launched in January 2023 with an initial outlay of INR 19,744 crore, which included INR 17,490 crore for the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme and INR 1,466 crore for pilot projects. The government is working on a draft scheme for firm and dispatchable round-the-clock renewable energy using green hydrogen… Continue reading 24×7 power with green H2 storage in works
Bengaluru Metro: Majestic-Garudacharpalya route to get train every 3 mins in peak hours from Monday
These services will be available on all working days (except Saturday, Sunday, and public holidays). Bangalore Metro Rail Corporation Limited (BMRCL) is introducing short-loop train services during morning peak hours between Nadaprabhu Kempegowda Station (Majestic) and Garudacharpalya Metro Stations from Monday, BMRCL officials said on Friday. According to BMRCL, this will help a large number… Continue reading Bengaluru Metro: Majestic-Garudacharpalya route to get train every 3 mins in peak hours from Monday
Government to hit highest-ever 4-lane & high-speed access-controlled highways construction this year
Anurag Jain, Secretary, MoRTH New Delhi: The Ministry of Road, Transport & Highways (MoRTH) will be achieving a highest-ever four lane and access-controlled high-speed highways, reaching an ambitious road construction target of 13,000 km by this fiscal end. “In 2020-21, we have the highest-ever road construction of 13,327 km compared to 4,260 km in 2013-14.… Continue reading Government to hit highest-ever 4-lane & high-speed access-controlled highways construction this year
India charts path for green hydrogen, focuses on enhancing electrolyzer efficiency
The meeting, attended by key government, academic, and industry stakeholders, aimed to consolidate efforts towards the National Green Hydrogen Mission’s research and development objectives. New Delhi: Union minister for power and new & renewable energy R. K. Singh, emphasized the critical role of enhancing electrolyzer efficiency and exploring cost-effective alternatives for green hydrogen production during… Continue reading India charts path for green hydrogen, focuses on enhancing electrolyzer efficiency
Clearing the air on emissions and carbon capture
To mitigate CO2 emissions, India is drafting a Carbon Capture, Utilisation, and Storage (CCUS) policy. Rising carbon dioxide (CO2) emission is increasing the Earth’s temperature. India’s power and industrial sectors contribute to around 60% of the carbon dioxide while the remaining 40% of emissions come from agriculture, transport and buildings. As India’s economy grows, emissions… Continue reading Clearing the air on emissions and carbon capture
EV boom sets off high-end tech hiring
Currently 55% of the EV workforce is engaged in chassis-related roles, 35% work with gears, motors, and engines, and 5% are involved in electric and electronic components. India’s electric vehicle (EV) revolution has triggered a hiring boom with top vehicle makers investing in R&D, material and data science and mechatronics, battery designing and robotics programming.… Continue reading EV boom sets off high-end tech hiring
Hydrogen: A gamechanger for heavy industries and infrastructure
Representative image. The ongoing global efforts to limit global warming call for minimizing the use of energy sources whose production or consumption produces greenhouse gasses. A report published in 2021 by UNOPS, UNEP and the University of Oxford stated that infrastructure was responsible for 79 percent of total greenhouse gas emissions and was therefore a… Continue reading Hydrogen: A gamechanger for heavy industries and infrastructure
Bharat Highways Invit to offer its units at INR 98-100 in IPO, which opens on Feb 28
Representative image. Bharat Highways Invit has priced the IPO in the range of INR 98-100 per unit with the issue opening on February 28. The infra-investment trust is offering units worth INR 2,500 crore through the IPO. The company proposes to use the net proceeds to repay debt availed by the project SPVs (special purpose… Continue reading Bharat Highways Invit to offer its units at INR 98-100 in IPO, which opens on Feb 28