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›Tesla steps up senior recruitment in India amid push into one of world s biggest emerging car markets Tesla steps up senior recruitment in India amid push into one of world s biggest emerging car markets SECTIONS Tesla steps up senior recruitment in India amid push into one of world s biggest emerging car marketsBy Ragini Saxena, Bloomberg Last Updated: Jun 03, 2021, 06:56 AM IST Share Synopsis The EV maker is closely monitoring announcements from Prime Minister Narendra Modi’s government regarding changes to the country’s goods-and-sales tax that may reduce the cost of owning an electric car. Reuters Tesla Inc. has begun recruiting for leadership and senior level roles in India, according to a person familiar with the matter, as it gears up to break into one the world’s biggest emerging car markets. ....
The government is looking at notifying the production-linked incentive (PLI) scheme, that was announced to boost domestic manufacturing, for sectors like auto components, steel, and textiles. Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra said that the government introduced the PLI scheme to encourage an incentive-led model for manufacturing, attracting advanced technologies, bringing in economies of scale and meeting quality standards. We are going as per strict timelines and we will now look to notify the scheme under auto components, steel, and textiles, she said at a PHDCCI webinar on Implications of PLI scheme on India s manufacturing and trade competitiveness on Thursday. ....
According to the guidelines released on Thursday, Rs 12,195 crore will be disbursed as incentives to the qualified companies over a five year period by achieving stipulated production targets. Of this, Rs 1000 crore have been set aside for the ten MSMEs, three out of which will be domestic companies. ....
ET Markets RadioTune in now for Markets news, views & cues Market Watch (ET Online) 04:52 Min | June 03, 2021, 7:47 PM IST Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. Tags Transcript Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Atul PM. and here are the top headlines at this hour. Adani Gas, SAIL, NMDC among 7 stocks likely to enter largecap segment Niti Aayog submits names of PSBs for privatisation PLI for auto parts, steel & textile to be notified soon After Pfizer, Serum Institute seeks vaccine indemnity Let us take a quick glance at what happened on Dalal Street today. ....