incentives

500 MSMEs apply for sops under two key schemes for green investments and circular economy in first three months of their launch

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New Delhi: At least 500 micro and small enterprises (MSE) have applied for incentives under two key schemes for green investments and circular economy in the first three months of the their launch as they prepare for global climate regulations and consumers’ preference for eco-friendly products, officials said. The Green Investment and Financing for Transformation … Read more

Federal, provincial politicians leave door open to foreign workers’ involvement in Honda deal

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Parties to the massive Honda EV investment deal reached this week have tacitly acknowledged that foreign workers will be involved in setting up the proposed auto plants, while attempting to downplay an issue already seized upon by the federal Conservatives. In response to questions throughout the week, federal officials, their provincial counterparts and executives for the … Read more

Feds give financial boost to biofuel sector amid growing U.S. competition

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Canada’s biofuel industry is welcoming a proposed multi-billion dollar package of financial support from the federal government, although concerns remain about whether it will be enough to compete with lucrative subsidies south of the border and reverse the growing dependence on U.S. imports to meet clean fuel regulations. The federal government is committing $1.27 billion toward … Read more

Honda to invest $15B to build 4 new EV plants in Ontario

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Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario to build four new manufacturing plants in the province, Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday. According to a government statement released to media in advance of the announcement, the deal will result in “Canada’s first comprehensive electric vehicle … Read more

Fate of giant carbon capture project still uncertain, but Pathways Alliance hopeful for deal with feds

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Despite growing frustrations and prolonged negotiations with the federal government, a consortium of Canada’s largest oilsands companies is optimistic about having a “line of sight” in securing the certainty it needs from Ottawa to advance its proposed $16.5-billion carbon capture pipeline project. The Pathways Alliance is not expecting any new commitments in the upcoming federal … Read more

China’s maternity services put on notice as the country faces an ‘obstetrics winter’

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“But now, births have been decreasing every year, beds have been cut back, and more and more doctors have had to change profession. But what can they do?” he wrote, jokingly suggesting they become vets. “Save obstetrics!” he pleaded on Weibo. Duan, who is director of the maternity ward at Shanghai No 1 Maternity Hospital, … Read more

City Street getting incentives to bring beer garden to Arvada

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City Street Investors is raising a glass in Arvada. The Denver-based company that develops, owns and invests in retail and restaurant properties is building another beer garden project — similar to existing ones in Edgewater, Lowry and Green Valley Ranch — at 9248 W. 58th Place. Co-founder Joe Vostrejs said the Arvada Urban Renewal Authority … Read more

PLI scheme: Toyota Kirloskar Auto Parts now eligible to avail incentives under PLI scheme

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Toyota Kirloskar Auto Parts on Friday said it is now eligible to avail incentives under the production-linked incentive scheme for advanced automotive technology (AAT) products. The company, a part of Toyota Group of companies, has received the domestic value addition (DVA) certificate for the xEV Transaxle (e-Drive) under the PLI scheme for AAT products, Toyota … Read more

Tesla: Tesla may head to India on incentive-paved road

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US electric automaker Tesla could soon set up shop in India, with the government close to finalising a policy to extend concessional import duties on electric cars exceeding Rs 30 lakh (about $36,000) for 2-3 years. The reduced import duties are likely to be offered in lieu of bank guarantees by Tesla for a proposed … Read more