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...India, one of the world’s fastest-growing economies, is earmarking billions of dollars in subsidies for EV manufacturing, renewable technology and electronics that rely on supplies of critical minerals....
...Modi has earmarked billions of dollars’ worth of government subsidies to promote manufacturing, including in critical industries such as EVs, where India’s geopolitical rival China has a strong lead....
...It also covers investors that have allocated 50 per cent of their Indian portfolio to any one company....
..., while civil society groups alleged the tech companies bow too readily to Modi government takedown orders....
...“Forget the big picture, companies ask us questions like: ‘Will there be simplification of GST?’”...
...Duncan Reed Director, Condign Board Consulting London SW1, UK...
...That said, it does help an Indian company, in this case Adani, develop its expertise in manufacturing and sort of observing the process....
...john.reed@ft.com...
...Here to explain is the FT’s South Asia bureau chief, John Reed. Hi, John. John ReedHi there....
...His conglomerate is also among those that New Delhi has been prodding more broadly to “Make in India” as part of a drive to create business and jobs in its underperforming manufacturing sector and to boost...
...He added that once the BBC’s split is formalised, the broadcaster will submit an application to take a stake of less than 26 per cent in the spun-off media company....
...“After the war Ukraine will probably become the largest construction site in the world, and Indian companies are welcome to participate in the recovery,” Kuleba said....
...The deal is expected to ease access for companies from the European countries to India’s vast market in areas such as processed food and drinks, and electrical machinery, along with luxury items such as...
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...Suzuki, India’s top-selling carmaker, plans to begin producing and exporting its first Indian-made EVs this year, the company has said....
...But that began to drop off from the late 1980s amid a manufacturing exodus that saw many companies — in fashion as well as other industries — offshore production to competitively priced countries such as...
...The government of Prime Minister Narendra Modi, who is seeking re-election to a third five-year term this spring, has been trying to create jobs in manufacturing, including of EVs, an area in which India...
...The data showed the BJP was by far the biggest beneficiary of the scheme and companies operating in heavily regulated sectors such as lotteries, construction and mining were among the biggest donors, lending...
...Sources say it has already ordered manufacturing and testing equipment for such production. The Chinese Dram maker has finally caught up with foreign rivals in mainstream memory technologies....
...Several AAP leaders have already been jailed over accusations of receiving kickbacks and offering special favours to companies awarded lucrative liquor licences. They deny the claims....
...Elon Musk’s pioneering electric car company faces slowing demand and a brutal price war. Shareholders also want to know about a plan to move company headquarters from Delaware to Texas....
...Musk’s electric vehicle company Tesla has held talks with Indian officials about building an EV factory in the world’s most populous country. X did not immediately respond to a request for comment....
...They account for the bulk of the workforce in electronics in longer-established manufacturing hubs such as China and Vietnam, where workers’ dormitories are a central part of companies’ focus, alongside...
...The California-based company’s build-up in India aligns with the Narendra Modi government’s “Make in India” manufacturing drive....
...Disney may also contribute additional media assets into the venture, the companies said, subject to regulatory and third-party approvals....
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