Speaking at a Ficci event here, Motwani emphasised the need to make EV prices attractive for consumers, and recognise the importance of putting in place a holistic EV ecosystem, including batteries, cells, minerals, and charging stations.
"The Bharat of today will indeed be the world’s growth engine and collectively India is going to be powering the world economy for several decades to come. Our mission is clear to make India a developed nation with a 10x growth to become a $35 trillion economy by 2047."
India is expected to add 38 gigawatts (GW) of renewable energy capacity by March 2025, reaching a total of 170 GW, according to an analyst from ICRA. The forecast is supported by policy backing and a decline in solar module prices. The capacity addition is likely to be aided by an increase in tendering activity, with over 16 GW of projects bid out so far and another 17 GW bids underway by central nodal agencies.
The government will now rely on maize for ethanol production to meet gasoline blending goals, Food Secretary Sanjeev Chopra told a media briefing, adding that schemes are being worked out to boost production of maize.
Under the EU’s Carbon Border Adjustment Mechanism (CBAM), non-EU steel producers are required to report direct and indirect emissions. The monitoring of such products began October 1.
The central government on Thursday banned diversion of sugar for ethanol manufacturing with immediate effect in ethanol supply year 2022-23. However, the supply of ethanol from existing offers received by the Oil Marketing Companies (OMCs) from B Heavy molasses will continue, it said.
In one of the industry-first moves, Kia is extending access to this charging network, in collaboration with five charging point operators, to non-Kia customers, providing valuable assistance to Indian EV users in overcoming range anxiety, the company said.
The UN climate conference (COP28) negotiating team released an ambitious draft text calling for a global stocktake, tripling renewable energy capacity, and phasing out fossil fuels. India's concept of Mission LiFE, focused on sustainable lifestyle and consumption, is included. The draft text acknowledges the need for transitioning to sustainable lifestyles and circular economy approaches. The COP28 aims to conclude the first-ever global report card on climate actions, which will guide future pledges in 2025.
Despite record growth in clean energy, global carbon dioxide (CO2) emissions from fossil fuels are projected to increase by 1.1% this year, reaching a record level of 36.8 billion tonnes. The increase is mainly driven by China and to a smaller degree by India, which still has development needs to overcome. A Global Carbon Budget report states that there is a 50% chance of global warming exceeding the 1.5 degree Celsius threshold set by the Paris Agreement in about seven years.
Sudden withdrawal or discontinuation of upfront price incentives will lead to up to 25 per cent price increase of EVs and this may derail EV adoption momentum substantially, also impacting further investments in the EV sector, and disrupting gains made so far, noted FICCI.
India aims to become an advanced economy by 2047 and achieve a USD 5 trillion economy milestone. The International Monetary Fund (IMF) projects that India will reach this milestone by 2027-28. Minister Pankaj Chaudhary emphasized the importance of a robust rupee and macroeconomic stability in reaching the target. The government's policy interventions, including the Insolvency and Bankruptcy Code (IBC), Goods and Services Tax (GST), and increased capital expenditure, have contributed to boosting India's GDP.
India has launched the National Green Hydrogen Mission, which was approved by the Union Cabinet in January 2022, with the objective of making the country a leading producer and supplier of the green fuel.
Science has made it clear that emissions from coal power -- the dirtiest fossil fuel -- are the single largest contributor to the climate crisis.
Honda Motorcycle & Scooter India (HMSI) on Friday said it is recalling a certain number of H'ness CB350 and CB350RS units to inspect and replace faulty parts. It has been identified that due to an improper process being followed to manufacture the rubber parts of rear stop light switch there are chances of crack development on the rubber, the two-wheeler maker said in a statement.
The official added that inter-ministerial discussions have happened on the customs duty concession demand of the US-based electric car maker Tesla, but "we never" come to any conclusion on those.
India's Russian oil imports rebounded in November after several plants came back online from planned maintenance and as fuel consumption rose during the Diwali festive season, preliminary data from ship-tracking firms Kpler and Vortexa showed.
This is despite the raw material (crude oil) cost surging last year, leading to heavy losses in the first half of 2022-23 fiscal year before easing rates propelled them to profitability.
Gujarat currently contributes 15% to India’s RE capacity and is one of the fastest growing renewable energy-producing regions. The state government announced a land allotment policy that offers benefits to companies investing in green hydrogen projects.
The company, which currently transacts 200 crores annually and operates in six states, is setting its sights on a fortyfold growth over the next five years.
The firm -- also known by its official name Hon Hai Precision Industry -- is the world's biggest contract electronics manufacturer and assembles devices for many companies, most notably Apple's iPhones.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Amitava Chatterjee | Unlock to View | Unlock to View | Additional Director | 20 Sep,2022 |
| Raviranjan | Unlock to View | Unlock to View | Additional Director | 20 Sep,2022 |
| Kevin Patrick Mckenna | Unlock to View | Unlock to View | Director | 28 Oct,2021 |
| David Michael Van Der Walt | Unlock to View | Unlock to View | Director | 29 Jun,2021 |
| Mukul Kocher | Unlock to View | Unlock to View | Wholetime Director | 23 Oct,2020 |
| Rambhushan Premasagar Kanumuri | Unlock to View | Unlock to View | Wholetime Director | 18 Apr,2017 |
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