

Govt Plans Six-Month Import Relief for E-Bus, Truck Makers
The government is considering a six-month relaxation for electric bus and truck manufacturers, allowing them to import fully assembled motors containing heavy rare earth materials without losing eligibility for incentives under the Rs 109-billion PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme.The relief is expected to benefit companies such as Tata Motors, Ashok Leyland, PMI Electro Mobility, JBM Auto, EKA Mobility, Olectra Greentech, Propel, and IPLT Demo. The exemption will apply provided all other localisation requirements are met.However, officials clari..

Biocon Foundation Builds New School for 250 Students
Biocon Foundation, the Corporate Social Responsibility (CSR) arm of Biocon Group, has initiated the construction of a new building for the Government High School in Kodamballi, Channapatna Taluk, Karnataka. The school currently serves more than 250 children from 23 surrounding villages.The groundbreaking ceremony was conducted by Dr C N Manjunath, Honourable Member of Parliament, Bengaluru Rural Constituency; CP Yogeshwara, MLA, Channapatna Constituency; and Yeshwanth V Gurukar, IAS, Deputy Commissioner and District Magistrate, Bengaluru South. They were joined by Dr Anupama Shetty, Mission Di..

ASM Tech to Invest Rs 2.50 Bn in Tamil Nadu
ASM Technologies, a pioneer in design-led manufacturing for the semiconductor and automotive industries, has signed a Memorandum of Understanding (MoU) with Guidance, Government of Tamil Nadu, to invest Rs 2.50 billion in expanding its Electronics System Design and Manufacturing (ESDM) and precision engineering capabilities.As part of the agreement, ASM Technologies will acquire 5 acre of land from the state government to establish a state-of-the-art design facility within Tamil Nadu’s fast-growing technology manufacturing ecosystem, providing the company with a strategic edge and long-term ..