Wed, Jul 6, 2022 9:12 PM
Govt extends PLI scheme for 11 companies to boost drone manufacturing
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Gold has witnessed a significant surge in value due to Russia's invasion of Ukraine and the conflict in the Gaza Strip. However, the prolonged and resilient ascent of gold, surpassing $2,400 per ounce, can be largely attributed to China. According to the China Gold Association, gold consumption in the country saw a 6% rise in the first quarter compared to the same period last year.
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Investment in clean technology manufacturing stood at around $200 billion in 2023, an increase of 70 percent from last year, according to a report by International Energy Agency (IEA). The investments were led by solar PV and battery manufacturing plants. The IEA report noted that solar PV and battery manufacturing accounted for more than 90 percent of the total investments in both 2023 and 2022.
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India's construction equipment industry witnessed a 26 per cent rise in sales to 1,35,650 units in the 2023-24 fiscal on the back of the government's infrastructure-led growth agenda, a report said on Monday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 1,07,779 units in the previous fiscal year.
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