Insights

MoUs Worth INR 10 Lakh Crore Inked So Far Ahead Of Vibrant Gujarat Global Summit

Opportunity India Desk Jan 04, 2024 - 2 min read

The Gujarat government has announced the signing of a total of 234 Memorandums of Understanding (MoUs) ahead of its 10th edition of Vibrant Gujarat Global Summit. Of these, 58 were inked on Wednesday, projecting cumulative investments exceeding INR 10.31 lakh crore across various sectors and the potential to generate around 13 lakh employment ...

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Govt Boosts FAME-II With INR 1,500 Crore Post Surge In EV Sales

Opportunity India Desk Jan 03, 2024 - 2 min read

The Union Finance Ministry has approved an additional allocation of INR 1,500 crore for the second phase of the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) program. This move aims to address concerns that the funds might run out before the scheme's conclusion in March 2024 due to the robust ...

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Record Surge In Priority Sector Lending To MSMEs, INR 23.36 Lakh Crore Deployed In November

Opportunity India Desk Jan 03, 2024 - 2 min read

Scheduled Commercial Banks (SCBs) directed INR 23.36 lakh crore towards Priority Sector Lending in micro, small, and medium enterprises in November 2023, marking a 21.9 per cent surge from INR 19.16 lakh crore deployed in the same month the previous year, according to the data on sectoral credit deployment released by the Reserve ...

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PHDCCI Submits Pre-Budget Memorandum To FinMin Sitharaman For Economic Resilience

Opportunity India Desk Jan 03, 2024 - 3 min read

In anticipation of the fiscal year 2024-25 Union Budget, the PHD Chamber of Commerce and Industry (PHDCCI) has submitted an economic memorandum to Union Finance Minister Nirmala Sitharaman. Drawing insights from surveys, analyses, and inputs from PHDCCI members nationwide, the memorandum addresses the global economic landscape characterized by geopolitical uncertainties, high ...

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Over Threefold Growth In NBFC Credit To MSMEs Compared To Banks: RBI

Opportunity India Desk Jan 02, 2024 - 2 min read

Non-banking financial companies (NBFCs) have experienced major growth in loans extended to micro, small, and medium enterprises, surpassing that of traditional banks by over three times, according to a report released by the Reserve Bank of India (RBI). The central bank's latest assessment of the banking sector's performance for the fiscal years 2022-23 ...

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EV Sales Grow By 49% In 2023; Ola Electric Dominates With 40% Market Share

Opportunity India Desk Jan 02, 2024 - 2 min read

Electric vehicle (EV) sales in 2023 experienced remarkable growth, reaching a total of 15,29,614 units, a 49 per cent increase from the 10,25,123 EVs registered in the prior year, as per data from Vahan, the government's vehicle registration portal. Two-wheelers remained the primary driver of registrations, accounting for 8,59,198 units. However, the most ...

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Fame III: Govt Plans To Replace 8 Lakh Diesel Buses with Electric Ones

Opportunity India Desk Jan 02, 2024 - 2 min read

The government is formulating a plan to replace approximately 800,000 diesel buses, constituting about one-third of the total buses plying on roads, with electric ones within the next seven years. This initiative aims to transform the public transport system, contribute to environmental sustainability efforts, and give a boost to the country's electric vehicle ...

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Revving Up: Technological Advancements In Electric Vehicle Industry In 2023

Opportunity India Desk Dec 28, 2023 - 6 min read

In the pursuit of a sustainable and eco-friendly transportation future, India’s electric vehicle (EV) industry has witnessed remarkable technological advancements in 2023. With a growing emphasis on clean energy and environmental consciousness, both consumers and manufacturers are contributing to the rapid evolution of electric vehicles. This article explores the key technological developments that ...

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Shift Towards EVs Rеprеsеnts Bеacon Of Hopе: eBikeGo

Opportunity India Desk Dec 27, 2023 - 7 min read

Thе year 2023 has marked a pivotal moment in the evolution of the automotive industry, with Electric Vehicles (EVs) taking cеntre stagе as thе vanguards of sustainability. Elеctric Vеhiclеs (EVs) have not only bеcomе a buzzword but a transformative forcе rеshaping thе global automotive landscapе. The surge in EV discussions and developments has ...

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Smart EV Park Worth INR 5,000 Crore To Soon Come Up In Gujarat

Opportunity India Desk Dec 22, 2023 - 3 min read

Nexzu Mobility, a sustainable urban transportation solutions provider, has unveiled plans to establish a Smart EV Park in Gujarat with a proposed investment of INR 5,000 crore over the next decade. The company has inked a Memorandum of Understanding (MoU) with the state government and said that the work on the proposed project ...

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