Other Briefings
India Approves Viability Gap Funding Scheme for Battery Energy Storage Systems
India’s union cabinet has approved the Scheme for Viability Gap Funding for the battery energy storage systems (BESS) industry. The scheme envisages the development of 4,000 MWh of BESS projects by 2030-31, which will lower costs for the renewables sector.
India’s Data Center Sector: Market Outlook and Regulatory Frameworks
India’s data center sector is poised for growth, helped by an expanding digital economy, high levels of internet penetration and widespread 4G connectivity slowly upgrading to 5G networks, as well as a mature IT services ecosystem. We discuss the market outlook, leading industry players, and relevant regulatory frameworks.
Chandrayaan-3: India’s Moon Landing Spotlights Space Sector Advancements
India’s successful soft moon landing on August 23 via the Chandrayaan-3 mission showcases its impressive space technology capabilities. The country’s space sector is currently witnessing a surge in private sector involvement, particularly by space-tech start-ups. FDI and tax regulations are also welcoming.
India Plans Manufacturing Incentive Scheme for Toys, Leather, and Footwear Products
India to expand PLI scheme to toys, footwear, and leather goods, boosting manufacturing and investment for economic growth and self-reliance.
Navigating Business Prospects in India’s Retail Industry
India’s retail industry is rapidly growing due to the entry of new players. With a large population, a growing middle class, and an emerging luxury spending cohort, foreign retailers have excellent prospects for business expansion in the Indian market.
India’s Chemical Industry Expected to Reach US$304 Billion by 2025
India’s chemical industry ranks sixth globally and third in Asia, and contributes 7% to the national GDP. We discuss sector prospects for foreign stakeholders.
Maharashtra’s IT-ITES Policy 2023: Key Points for Foreign Investors in India
The Maharashtra IT-ITES Policy 2023 contains more sectoral and area-wise subsidies and exemptions, real estate and infrastructure support for IT Parks & data centers, besides 24/7 industry status under categorization as an essential service.
India Reopens PLI India Scheme for Technical Textiles and MMF Apparel and Fabric
India has reopened the PLI Scheme Textiles for Promoting MMF and Technical Textiles application window after initial setbacks and no new plants set up in the last two years. Further, more clarity is provided following the release of updated HSN Codes in June 2023 for product segments targeted by the PLI Scheme.
