Latest news with #SchemeforPromotionofManufacturingofElectronicComponentsandSemiconductors
Time of India
30-04-2025
- Business
- Time of India
US, UK, Canada quiz India's SPECS scheme, sops at WTO
The US, the UK and Canada Tuesday raised questions at the Make in India initiative and sought details on India's Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) including the subsidy amount and the product categories at the World Trade Organization (WTO). #Pahalgam Terrorist Attack A Chinese shadow falls on Pahalgam terror attack case probe How India can use water to pressure Pakistan Buzzkill: How India can dissolve the Pakistan problem, not just swat it They also asked about India's fisheries, farm and food subsidies, officials said. "Some members have asked details such as the eligibility criteria of the SPECS programme. We have replied to some queries," said an official. The questions were asked after New Delhi notified its subsidy programmes to the WTO late last year. India has informed that the electronic goods are identified by HSN codes and the eligibility requirements vary from programme to programme. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play this game for 1 minute and see why everyone is addicted. Undo The US has queries about India's Freight Subsidy Scheme and Amended Technology Upgradation Fund Scheme. It also asked why the production- linked incentive scheme and the design-linked incentive scheme were not part of India's notification. Both Canada and the US raised questions at the Pradhan Mantri Kisan Sampada Yojana, an initiative to modernise food processing infrastructure, India's shipbuilding financial assistance policy and the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme. Live Events The UK asked if India's subsidy programmes are benefiting from the Make In India initiative and if these incentives constitute notifiable subsidies under the WTO's Subsidies and Countervailing Measures Agreement. On UK's observation that fish-related subsidies were not included in the notification, India said it will provide information in due course. They also enquired about Karnataka's industrial policy, Gujarat and Andhra Pradesh's incentives to their respective industries, among other states' policies.
Time of India
29-04-2025
- Business
- Time of India
Lithium ion battery recycling plant to be inaugurated at Halol
Vadodara: One of the largest lithium-ion battery recycling plants in the country will be inaugurated in Halol town of Panchmahal district on Gujarat Day , May 1. The unit has the capacity to recycle 10,000 metric tonnes (MT) of lithium-ion batteries per annum and will be a zero-waste facility . Chief minister Bhupendra Patel will inaugurate the unit during Gujarat Day celebrations in Godhra, the headquarters of Panchmahal district. The plant is being established at an existing facility of Rubamin Private Ltd in Halol. The company signed an agreement with the state govt during the Vibrant Gujarat Summit. Panchmahal district collector Ashish Kumar said that the existing facilities at the unit were involved in the recycling of other products and the extraction of materials from them. Kumar stated that the plant benefits from the state govt's electronics policy and the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) of the union ministry for electronics and information technology. He added that the plant will extract materials like lithium, cobalt, nickel, and graphite from batteries, promoting the concept of a circular economy . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo The unit will use minimal electricity and has its own water body, whose water will be recycled. Kumar mentioned that the unit will use artificial intelligence (AI) and machine learning extensively, besides being a zero-waste facility. The unit also focuses on research and development and has enlisted 125 scientists for this purpose. Vadodara: One of the largest lithium-ion battery recycling plants in the country will be inaugurated in Halol town of Panchmahal district on Gujarat Day, May 1. The unit has the capacity to recycle 10,000 metric tonnes (MT) of lithium-ion batteries per annum and will be a zero-waste facility. Chief minister Bhupendra Patel will inaugurate the unit during Gujarat Day celebrations in Godhra, the headquarters of Panchmahal district. The plant is being established at an existing facility of Rubamin Private Ltd in Halol. The company signed an agreement with the state govt during the Vibrant Gujarat Summit. Panchmahal district collector Ashish Kumar said that the existing facilities at the unit were involved in the recycling of other products and the extraction of materials from them. Kumar stated that the plant benefits from the state govt's electronics policy and the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) of the union ministry for electronics and information technology. He added that the plant will extract materials like lithium, cobalt, nickel, and graphite from batteries, promoting the concept of a circular economy. The unit will use minimal electricity and has its own water body, whose water will be recycled. Kumar mentioned that the unit will use artificial intelligence (AI) and machine learning extensively, besides being a zero-waste facility. The unit also focuses on research and development and has enlisted 125 scientists for this purpose.
