Mahindra to pump Rs 45 Bn for new electric brands

02 Dec 2024 CW Team

Commerce and Industry Minister Piyush Goyal has highlighted opportunities for India and France to expand partnerships in key sectors such as aerospace, electric vehicles, agriculture, and food processing, benefiting both nations. Addressing the Asia Pacific Commission (APAC) 2024 Forum, organised by the French Foreign Trade Advisors, he stressed the importance of adopting sustainable practices to counter climate change globally. Bilateral trade between India and France stood at $15 billion in 2023-24, with Indian exports valued at $7 billion and imports at $8 billion. Goyal noted that France ranks as the 11th largest foreign direct investor in India, with over 750 French companies operating in the country and around 70 Indian firms established in France. On renewable energy collaboration, Goyal lauded the success of the International Solar Alliance (ISA), a joint initiative led by India and France, which now includes over 100 member countries. In the aerospace sector, Goyal pointed out India’s position as a burgeoning aviation market, with 1,500 aircraft already on order and the potential for orders to rise to 2,000. He urged the French aviation industry to explore manufacturing opportunities in India. Goyal also emphasised the potential for co-innovation in automobiles and electric vehicles, noting India's large base of first-time vehicle buyers. He remarked that offering sustainable mobility options to this demographic would be easier and impactful. Turning to digital technology, Goyal identified promising areas for collaboration, including fostering startups in cybersecurity, artificial intelligence, e-commerce, and quantum technologies. He further called for enhanced defence sector cooperation, highlighting India’s strong patent protection regime and its approach of not insisting on technology transfers, which makes it an attractive partner for defence innovation.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..