Photo: Indian Express
India's Electricity Demand Dips In 2020-21; First Time In 35 Years
A data analysis by Reuters has revealed that annual electricity usage in India has drastically fell for the first time in last 35 years. Citing pandemic-induced lockdown as a reason, the analysis showed that power generation dipped by 0.2% for the year 2020-21. However, it also highlighted that while March 2021 observed a continuous increase in electricity generation, it picked up by 23% in comparison to March 2020 demand.
Tags: Lockdown, Electricity, coronavirus lockdown, Production
Courtesy: NDTV
Photo: The Financial express
India's Manufacturing Output To Get $520 Bn Boost Through PLI: PM
Prime Minister Narendra Modi, while addressing a virtual gathering, said the government will focus on the Production Linked Incentive (PLI) scheme to increase the country's production. PM Modi affirmed that it will boost manufacturing output by USD 520 billion in the next five years. Besides, he stated the government is working to decrease the compliance burden, improve ease-of-doing-businesses, and make logistics affordable for the industry… read-more
Tags: Manufacturing Sector, Indian industries, PM Modi, Production
Courtesy: The Tribune
Photo: The Times of India
Harley Davidson Stops Its Production And Sales In India
Harley-Davidson on September 24 announced that it will stop its production and sales in India as a part of its restructuring programme. Reportedly, the decision came after the company sold very few vehicles in the last financial year. About 70 employees are axed from jobs as a result of the decision. The company stated that the reconstruction program was to concentrate more on the US markets.
Tags: Harley-Davidson, India, Bikes, Production
Courtesy: Money Control
