Open ICICI
3-in-1 Account
Manage your Savings, Demat and Trading Account conveniently at one place
Manage your Savings, Demat and Trading Account conveniently at one place
News: More land allocated for Electrical Machinery and Equipment Production. The MP state cabinet approved additional 442 acres expansion of the Mohasa-Babai industrial area in Narmadapuram district to boost manufacturing of electrical and renewable energy equipment. With the addition of 442.04 acres to the existing 441.96 acres, the energy equipment production now spans a total of 884 acres. This will increase energy equipment production in the said region.
Views: With renewable energy generation target of 500 GW by 2030, India faces significant supply chain issues for energy equipment required to generate, transmit and distribute electricity. This allocation will aid in easing the said issues and help accelerate India to achieve it's energy targets.
Impact: Positive