Tag: government
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Auto parts suppliers hail govt’s six mega moves for MSMEs
The centralized economic stimulus on Micro, Small and Medium Enterprises (MSME) comes just days after Prime Minister Narendra Modi announced a 20 trillion mega package to revive the Indian economy. The Union Finance Minister (FM) has announced six key measures including collateral-free loans, changes in the definition of SMEs, and an increase in the scope…
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500 Cr for development of a manufacturing base for electric vehicles in India
FAME Phase II has proposed setting up of a venture capital fund of INR 500 Cr for development of a manufacturing base for zero-emission vehicles and their components, taking prototypes to manufacturing, and development of R&D among others. As many as 136 startups related to electric vehicles already existin India. “In order to support such…