Finance Minister Nirmala Sitharaman announced on February 1, 2026, the deployment of 4,000 electric buses across five eastern states as part of a major infrastructure push under the “Purvodaya” initiative in the Union Budget 2026-27. The proposal includes development of an Integrated East Coast Industrial Corridor with Durgapur designated as a primary node, alongside creation… Continue reading Budget 2026-27: Sitharaman Proposes 4,000 E-Buses for East India Industrial Corridor
Tag: Manufacturing
Budget 2026-27: Govt Offers Tax Holiday Till 2047 to Global Cloud Firms
The Union Budget 2026-27 has unveiled a sweeping set of tax incentives aimed at attracting global cloud service providers, and electronics manufacturers. Presenting the Budget in Parliament on Tuesday, Finance Minister Nirmala Sitharaman announced a tax holiday until 2047 for any foreign company that provides cloud services to customers worldwide using data centre infrastructure located… Continue reading Budget 2026-27: Govt Offers Tax Holiday Till 2047 to Global Cloud Firms
Singapore Airshow 2026 Milestone Edition: 20 Years of Shaping the Aerospace Landscape as Asia-Pacific Drives Global Growth
SINGAPORE, Feb. 1, 2026 /PRNewswire/ — Singapore Airshow 2026, organised and managed by Experia Events Pte Ltd, will take place from 3 to 8 February 2026 at the Changi Exhibition Centre, marking its 10th edition and 20 years of contribution to the global aerospace, defence and space sectors. The event arrives as Asia-Pacific accounts for 52%… Continue reading Singapore Airshow 2026 Milestone Edition: 20 Years of Shaping the Aerospace Landscape as Asia-Pacific Drives Global Growth
XPENG Announces Vehicle Delivery Results for January 2026
GUANGZHOU, China, Feb. 1, 2026 /PRNewswire/ — XPeng Inc. (“XPENG” or the “Company,”NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its vehicle delivery results for January 2026. In January 2026, XPENG delivered a total of 20,011 vehicles. These deliveries are expected to reduce life-cycle greenhouse gas emissions by more… Continue reading XPENG Announces Vehicle Delivery Results for January 2026
Budget 2026‑27: Govt Announces New Scheme for CE Manufacturing
Announcing the Budget 2026-2027 speech, Finance Minister Nirmala Sitharaman introduced a new Scheme for Enhancement of Construction and Infrastructure Equipment (CIE), which will help in the industry moving closer towards self reliance. An amount of Rs 200 crore has been proposed for the scheme for 2026-2027. The centerpiece of the industrial proposal is the CIE… Continue reading Budget 2026‑27: Govt Announces New Scheme for CE Manufacturing
Budget FY27: Allocation estimates for PLI Auto at Rs 5,940 crore
The Union Budget for 2026-27 (FY27) has allocated Rs 5,940 crore for the Production Linked Incentive (PLI) Scheme for Automobiles and Auto Components under the Ministry of Heavy Industries. The Rs 25,938-crore output-linked incentive scheme was launched in 2021 and will run till March 31, 2028 (FY28). Budget documents show that in FY25, the scheme… Continue reading Budget FY27: Allocation estimates for PLI Auto at Rs 5,940 crore
Trucks and CVs may gain the most from Budget 2026–27
Union Budget 2026–27 may not have announced a dedicated scheme for trucks or commercial vehicles, but its strong emphasis on infrastructure expansion, freight corridors, waterways and state-backed transport deployment lays the foundation for sustained demand across the commercial vehicle ecosystem. Presenting the Budget, Finance Minister Nirmala Sitharaman underlined the government’s continued reliance on infrastructure-led growth.… Continue reading Trucks and CVs may gain the most from Budget 2026–27
Budget 2026‑27: Govt Extends Customs Duty Exemption for Capital Goods Used for Li‑Ion Cell Manufacturing
The government has proposed to extend basic customs duty (BCD) exemption on capital goods used for manufacturing lithium-ion cells as part of its push to strengthen India’s clean energy and energy security goals. Announcing the proposal in the Union Budget on Sunday, Finance Minister Nirmala Sitharaman said the move is aimed at supporting the country’s… Continue reading Budget 2026‑27: Govt Extends Customs Duty Exemption for Capital Goods Used for Li‑Ion Cell Manufacturing
Budget 2026‑27 Formalises Gig Workforce With ID Cards and Health Cover, Key to Urban Mobility
Presenting the Budget, Finance Minister Nirmala Sitharaman announced targeted measures for platform-based workers, a segment closely tied to last-mile delivery and app-based mobility services. “Gig workers on online platforms play a vital role in driving India’s new-age services economy; recognising their contribution, the government will facilitate the issuance of identity cards and registration of gig… Continue reading Budget 2026‑27 Formalises Gig Workforce With ID Cards and Health Cover, Key to Urban Mobility
Carbon Cash Infusion: India’s Rs 20,000 Crore Bet on Factory Emission Traps
Finance Minister Nirmala Sitharaman unveiled a RS 20,000 crore five-year plan for carbon capture, utilization, and storage (CCUS) technologies in the Union Budget 2026-27, targeting emissions from factories that power India’s economy, including automotive manufacturing. The announcement will be applicable on five industries including power, steel, cement, refineries, and chemicals. CCUS acts like a giant… Continue reading Carbon Cash Infusion: India’s Rs 20,000 Crore Bet on Factory Emission Traps