Other Briefings
IKEA India Fast-Tracks EV Transition, Aims for 100% Electric Deliveries By 2025
Swedish furniture giant Ikea has said that it is advancing its sustainability efforts in India and plans to achieve 100 percent electric delivery vehicles by 2025 across the country.
Indian Steel and Metal Industry’s Shift Towards Renewable Energy
The Indian steel and metal industry is reportedly keen on securing renewable energy deals to reduce carbon emissions and avoid penalties under the EU’s Carbon Border Adjustment Mechanism (CBAM). CBAM, which targets carbon-intensive imports, is currently in a transitional phase from 2023 to 2025 and will be fully implemented from 2026.
India Bets Big on Newly Sanctioned Public Infrastructure Projects, Smart Industrial Cities
India has approved 12 new industrial smart cities and other infrastructure projects aimed at boosting India’s manufacturing ecosystem and reducing logistics costs.
Apple to Manufacture iPhone 16 Pro in India, Likely to Create 200,000 Direct Jobs by 2025
Apple Inc. plans to produce its iPhone Pro models in India, potentially creating over 600,000 jobs by the end of the financial year 2024-25.
India’s Upcoming Subsea Cable Projects Set to Launch between October 2024 and March 2025
India is set to significantly boost its global digital connectivity with the launch of three major subsea cable projects—2Africa Pearls, India-Asia-Express (IAX), and India-Europe-Express (IEX)—between October 2024 and March 2025.
Teledensity Rises in India, Internet Subscribers Cross 954 Million: 2023-24 TRAI Report
According to the latest TRAI report, India’s telecom sector’s gross revenue reached INR 3.36 trillion (US$40 billion) in 2023-24. By March 2024, the total number of internet subscribers in India had increased to 954.4 million.
Newly Sanctioned India Railway Projects Expected to Boost Connectivity, Improve Logistics
In an effort to lower logistical costs and improve nationwide connectivity, India’s Union Cabinet of Economic Affairs has approved eight new railway line projects.
Record Turnover for India’s Auto Component Industry: Details Here
India’s automotive component industry reached a record turnover of INR 6.14 trillion (US$73.1 billion) in FY 2023-24. The government has identified 28 key components for indigenization under its ‘localization roadmap’ to support the ‘Make in India’ initiative.
