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Industry body India Energy Storage Alliance (IESA) has projected USD 500 million investment in Indian battery and mobility startup ecosystem within a year. This investment will drive new innovations, research and development, and advancements in products manufactured by these startups, IESA said in a release. Besides, this investment will also benefit a range of companies involved in Battery Management Systems (BMS), safety management, and component manufacturing. The IESA organized the Start-Up Connect program in collaboration with Hero MotoCorp, during the Bharat Battery Show, part of the Bharat Mobility Global Expo 2025. During the Start-Up Connect program, Panneerselvam Madanagopal, CEO of MeitY Startup Hub, demonstrated how India can collaborate with government entities to support the growth of this ecosystem jointly. In addition, IESA is actively working to promote the start-up ecosystem through its start-up and innovation program, which is already collaborating with 400 ...
India needs investment worth USD 20-30 billion in the EV charging infrastructure to double the pace of growth of the segment, industry body IESA said on Thursday. It is a very niche segment which has just started picking up in the country, India Energy Storage Alliance (IESA) President Debi Prasad Dash said. Sharing his estimates, Dash said the EV charging infrastructure segment is growing at a rate of 25-30 per cent currently in India. To double this growth, investments worth USD 20-30 billion would be required, he said at the 'IESA India EV Fast Charging Summit' in the national capital. On PM E-Drive Scheme, Dash said "We (industry) all are waiting for the scheme to be floated. A few of the things the government is considering before outing the full scheme is they are trying to (figure out) state-wise demand allocation, considering the density of the vehicles in different localities in states and cities." It will give a boost to the EV Charging space and adoption of EVs in the .
Industry body India Energy Storage Alliance on Friday hailed the government's move to create a portal for smoother business visa applications for foreign experts engaged by Indian companies under production-linked incentive scheme and associated industries. Multiple-entry business visa (non-extendable) will be facilitated for six months to foreign subject matter specialists/engineers/ technical people being engaged by Indian companies under the PLI scheme or PLIassociated industries by the approval of the respective line ministry, a statement by India Energy Storage Alliance (IESA) stated. According to the statement, this will apply to personnel required for installation and commissioning, quality check & essential maintenance, production, IT & DRP ramp-up, training, supply chain development for empanelling vendors, plant design & bring-up, and senior management & executive. IESA president Debi Prasad Dash welcomed the government's move to support in providing business
SECI, a nodal agency for implementing government's renewable energy projects, is expected to float a tender for 500 megawatt (MW) of solar thermal capacity by the end of FY25, its Chairman and Managing Director R P Gupta said on Wednesday. This will be the first time in India that such a tender would be floated on this scale, Gupta told reporters on the sidelines of the India Energy Storage Week 2024, organised by India Energy Storage Alliance (IESA) here. "The tender is expected to be out by the end of this financial year 2024-25. There have been (solar thermal) tenders but not of this scale," Gupta said in reply to a question on new solar thermal tenders. The earlier tenders were small in size and their costs were also too high, he said. The projects under the 500-MW tender will have advanced technology where steam would be generated through heat and it would also help in running turbines, he added. Besides, the prices will be at par with other Round the Clock (RTC) solutions, G
The Federation of Indian Chambers of Commerce and Industry (FICCI) and the India Electronics and Semiconductor Association (IESA) have signed a Memorandum of Understanding to promote innovation, support the semiconductor and electronics industry, and strengthen supply chains. The MoU, signed on April 14, establishes a framework for long-term collaboration between the two organisations. "This collaboration will focus on establishing a joint task force on semiconductors and future critical technologies. The core objective of this MoU is to conduct technology consultative roundtables and foster business partnerships," said S K Pathak, secretary general of FICCI, in a press release. Ashok Chandak, president of IESA, expressed optimism during the MoU signing and said, "By leveraging IESA's domain expertise and FICCI's influential member network, we are poised to significantly increase investments from Indian conglomerates in the semiconductors and electronics sectors." Veerappan, ...
The India Electronics and Semiconductor Association (IESA) has opened its first international office in Taiwan as India is increasingly looking at the country to feed its growing demand for electronics and the chips that power them and reducing its reliance on China.IESA, which functions as a lobby group for India's electronics manufacturing industry, is not only looking at promoting sourcing components from Taiwan but to also get manufacturers from the country to set up shop in India. "India has seen emerging green shoots in the Electronics, Systems Design and Manufacturing space in the recent times. We believe India has a strong proposition to offer to Taiwanese investors, and look forward to enabling the trade bridge between the countries," said Ashwini K Aggarwal, Chairman, IESA.India's new policy to boost semiconductor and electronics manufacturing in the country has been received positively by the industry, but in order for the sector to grow at the pace required collaboration ..