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India’s Automotive Sector Key To Economic Growth, Should Focus On Green & Clean Mobility: PM Modi

Inc42 · 11m ago

India’s Automotive Sector Key To Economic Growth, Should Focus On Green & Clean Mobility: PM Modi

The Indian Prime Minister, Narendra Modi, has urged the automotive industry to adopt global best practices in India and prioritize green and clean mobility solutions. Modi emphasized the importance of the automotive sector in driving economic growth and highlighted the increasing demand for automobiles. With the Indian automotive industry contributing significantly to the country's GDP, Modi emphasized the need for innovation and sustainable solutions in this sector.

Related News

India outstanding destination for investment in mobility sector: PM Modi

YourStory

YourStory · 7m ago

India outstanding destination for investment in mobility sector: PM Modi

Prime Minister Narendra Modi highlighted India's potential as a prime destination for investment in the mobility sector during the Bharat Mobility Global Expo 2025. Emphasizing green technology and the 'Make in India' initiative, Modi underscored the government's support for innovation in EVs, hydrogen, and biofuels. He also noted the success of the PLI scheme, job creation, and infrastructure development. Modi encouraged investment in India's automotive industry, predicting significant growth in sales and exports.

TapFin Bags 4 Mn From Elevar Capital

Inc42 · 1y ago

TapFin Bags 4 Mn From Elevar Capital

Indian green financing startup TapFin has secured $4m in a seed funding round from Elevar Equity. TapFin offers financing, value-added services and income-generation opportunities for key players in the clean mobility sector. The funds will be used to support the company's growth plans, expand its market reach and enhance its technology and data capabilities. Founded last year, TapFin's platform facilitates connections between market participants and aims to empower small and medium-sized enterprises to embrace sustainability and enhance their economic potential.

5 Things to know on PM Modi and Bill Gates' discussion on India’s digital revolution

Livemint

Livemint · 1y ago

5 Things to know on PM Modi and Bill Gates' discussion on India’s digital revolution

In a conversation between Bill Gates and Prime Minister Narendra Modi, several key takeaways emerged. India's digital revolution was emphasized, with a focus on making technology accessible to all citizens and avoiding monopolies. Modi also highlighted initiatives to empower women with technology, such as the 'Namo Drone Didi' scheme. The integration of AI in governance was discussed, as well as the need to address challenges like deepfake technology. Additionally, Modi spoke about India's progress in renewable energy and the Green Hydrogen project.

India has many possibilities in energy sector in next five years, PM Modi tells investors

YourStory

YourStory · 6m ago

India has many possibilities in energy sector in next five years, PM Modi tells investors

Prime Minister Narendra Modi urged investors to explore opportunities in India's energy sector, emphasizing the country's renewable energy goals of achieving 500 GW capacity and producing 5 million tons of green hydrogen by 2030. Speaking at India Energy Week 2025, Modi highlighted India's strategic position, economic strength, and commitment to global sustainability. He noted India's achievements over the past decade, such as becoming the fifth largest economy and increasing solar capacity significantly, while stressing India's role in driving global growth.

JSW shifts gears with fresh funding in auto biz, new EV models on the way

Livemint

Livemint · 9d ago

JSW shifts gears with fresh funding in auto biz, new EV models on the way

JSW Group, led by Sajjan Jindal, is intensifying its focus on the automotive sector by investing $115 million in its own brand, JSW Green Mobility. The group is also seeking up to $300 million from external investors for its joint venture with MG Motor India. These investments signal a strong move into the mobility industry by the conglomerate, which has a primary presence in steel, energy, cement, and infrastructure sectors.

PM Modi meets Elon Musk during US visit

Economic Times

Economic Times · 6m ago

PM Modi meets Elon Musk during US visit

During his U.S. visit, Prime Minister Narendra Modi met with Elon Musk to discuss space, mobility, technology, and innovation. They also talked about India's reform efforts aimed at 'Minimum Government, Maximum Governance.' Modi met Musk's family as well. Musk, a key ally of President Donald Trump, did not respond to reporters after the meeting. Modi also discussed enhancing intelligence cooperation with Tulsi Gabbard, focusing on counter-terrorism, cybersecurity, and strategic intelligence sharing.

Work underway on 10 new nuclear reactors: PM Modi

Economic Times

Economic Times · 13d ago

Work underway on 10 new nuclear reactors: PM Modi

Prime Minister Narendra Modi announced significant reforms in India's nuclear power sector, facilitating private sector participation to boost energy independence. Modi revealed that work is underway on 10 new nuclear reactors, with aims to increase nuclear power generation capacity over tenfold by 2047. Amendments to the Atomic Energy Act and Civil Liability for Nuclear Damage Act are being proposed to encourage private investment. The reforms align with India's vision for clean energy and energy self-sufficiency.

Mufin Green Finance raises $6.5M debt from DWM for EV and clean energy lending

YourStory

YourStory · 1m ago

Mufin Green Finance raises $6.5M debt from DWM for EV and clean energy lending

Mufin Green Finance, an Indian non-bank lender, secured $6.5 million from Developing World Markets (DWM) through non-convertible debentures. This investment aims to boost Mufin's lending for electric vehicles (EVs), battery financing, and solar projects, especially in underserved markets. This marks DWM’s first venture into India’s e-mobility sector. Mufin, established in 2016, focuses on sustainable finance, enhancing clean energy access in low-income and semi-urban areas, with intentions to further scale operations.

‘India leads in AI adoption’: PM Modi addresses plenary session at AI Action Summit in Paris

Economic Times

Economic Times · 6m ago

‘India leads in AI adoption’: PM Modi addresses plenary session at AI Action Summit in Paris

During the AI Action Summit in Paris, Prime Minister Narendra Modi, alongside French President Emmanuel Macron, emphasized a collaborative approach to artificial intelligence. Addressing the summit, Modi highlighted key concerns such as transparency, quality data, cybersecurity, and the potential for AI to create jobs while promoting green energy. The summit, part of Modi's three-day visit to France, also included bilateral talks and engagements with business leaders, focusing on AI's role in shaping the future.

India will play a major role in driving the global semiconductor industry: PM Modi

Economic Times

Economic Times · 11m ago

India will play a major role in driving the global semiconductor industry: PM Modi

Indian Prime Minister Narendra Modi emphasized India's role in driving the global semiconductor industry and creating a resilient global supply chain during his speech at the Semicon India industry conference. He highlighted India's partnerships with countries like the US, Japan, and Singapore in the semiconductor sector. Modi stated that India aims to expand its $150 billion electronics sector to over $500 billion by the end of the decade, creating millions of jobs. He emphasized India's talent pool, research investments, growing data center demand, and commitment to green transition in becoming a semiconductor powerhouse.

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