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Credit: CorPower Ocean CorPower Ocean, a Sweden-based developer of wave energy converters, which has recently secured a 10-year license marine license in Portugal, said Tuesday it had attracted an investment of 7.3 million euros for its Portuguese wave energy technology project. "Portuguese authorities have joined the Swedish Energy Agency, EIT InnoEnergy, and private investors to support CorPower’s flagship HiWave-5 demonstration project in northern Portugal," the company said. "The investment supported by the European Union is provided through the NORTE 2020 Program operated by aicep Port...

The government of Tamil Nadu has proposed to set up a bulk drug park and a medical devices park near Chennai. The bulk drug park is will be located in Tiruvallur district in an artea of 2,000 acres. The proposed cost for developing this project is Rs 2,153 crore. The medical devices park will be located near Oragadam in Kancheepuram district in an area of 350 acres, according to the memorandum presented to the Prime Minister Narendra Modi by Tamil Nadu Chief Minister Edappadi K Palaniswami. The proposed cost for developing this project is Rs 430 crore. These parks will have common and a...

BT Buzz: Why Honda shelved Civic, CR-V, shuttered oldest factory in India While the going has generally been tough in India's domestic passenger vehicle industry, even before the pandemic hit the economy, Honda's struggle for growth has predated that Sumant Banerji | December 23, 2020 | Updated 20:24 IST KEY HIGHLIGHTS Honda to shut down its 23-year-old, 150-acre car factory in Greater Noida which has a annual capacity of 100,000 cars. Company to focus on improving efficiency and utilisation at its newer Tapukara factory in Rajasthan which has a capacity of 180,000 units per annum. Honda i...

IndianOil to invite bids for 15 PEM fuel cell buses December 23, 2020 It's aimed at addressing all aspects of hydrogen-based mobility as the ultimate green option. IndianOil, the country’s largest refiner and fuel retailer, on Wednesday said it is inviting bids to procure 15 Polymer Electrolyte Membrane (PEM) fuel cell buses. This project is the first-ever attempt to address all the aspects of hydrogen-based mobility as the ultimate green option. “IndianOil has been pioneering the hydrogen efforts in the country, and this exercise is a part of a bigger project which aims at addressing a...

Look East: The Potential India-Korea Digital Tango It appears to be obvious that Korean digital companies should seriously look at India as an alternative to China for their manufacturing requirements. outlookindia.com 2020-12-21T19:26:48+05:30 Also read The Republic of Korea’s (ROK) digital transformational is an impressive story. It is the result of the government’s ambition to speed transformation in the digital economy with three major factors that have formed the basis for growth of the country’s digital economy: the advanced education system, cultural characteristics, and ...