Experts believe Bitcoin will reach a record high of over $69,000 in 2024 and is also holding prices of over $100,000. Financial expert Sandner says: “The price is likely to develop positively if investing in Bitcoin becomes less complicated and the first large institutional investors begin to show an interest in Bitcoin.” So-called HODL investors who hold their crypto holdings, no matter how The prices are high or low, even speculating that the threshold of one million dollars will be exceeded. On the other hand, there are warning voices, such as the German consumer advice center. Bitcoins are not recommended as an investment due to the risks – from strong price fluctuations to total loss -, consumer advocates said in November.
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PLI Scheme: Now AC components will not have to be imported, disbursal started under PLI scheme – central government started PLI disbursal amber group receives of Rs 15 crore for ac components
– 2024-04-05 09:43:23
2024-04-05 09:43:23
New Delhi: The summer season has not even arrived properly but Delhi NCR heat has started rising. In such a situation, you have started seeing air conditioners or ACs in the houses of not only middle class but also lower middle class people. Similarly, you will also see AC equipped huts in many slum areas of Delhi. That is why the government wants that AC components should be made in the country itself. There is no need to import it from abroad. To promote this, the Production Linked Incentive Scheme has been started by the Central Government on the production of AC components. Just yesterday news came that diversified Indian manufacturing entity Amber Group has received a production linked incentive of Rs 15 crore from the government. Meaning that the government has started disbursal under this scheme.
First installment of PLI scheme
As soon as the heat of summer starts, the government has started paying production linked incentive (PLI) for AC components. Under this, Amber Group has received Rs 15 crore as PLI. The objective of this scheme is to attract investment in key sectors and increase the domestic manufacturing capacity of the country. This is the first tranche of PLI funds distributed under the scheme to Amber Enterprises.
PLI scheme helpful in sustainable development
Commenting on the development, Jasbir Singh, Chairman and CEO, Amber Group, said, “The PLI scheme has been instrumental in driving the Indian consumer durables industry forward. The principle of self-reliant India is being realized in this segment. Since its inception Since then, the scheme has boosted domestic manufacturing capacity for ACs, which has increased from 25% in 2021 to an impressive 45% so far, reflecting the remarkable impact of this initiative. With this PLI approval, the company It is now well positioned to deepen its manufacturing capacity with a target of achieving 75% local value addition in the production of air conditioners and its components by the scheduled deadline of FY 2028.
Aim to promote domestic manufacturing and exports
The introduction of PLI scheme on AC components has been a game changer for the domestic AC industry. The government had selected 26 companies to benefit under this scheme in the year 2021. This scheme has been well accepted by both domestic and foreign companies. Against the approved investment of around Rs 4,000 crore in this sector so far, companies have committed to capital expenditure of Rs 4,800 crore. Room AC market is growing
Room AC market has been growing rapidly in India for the last few years. That is why at present its market has become around 90 lakh units. The main triggers behind this are rising heat levels, rising income levels and more developed lifestyle.
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Chinese brand Oting set to release four new models in Russia, expanding dealership centers by 2025
Over the course of the year, the line of passenger cars of the Chinese brand Oting will be replenished with four new models. This is stated in the company’s message, which was received by Izvestia on April 4.
The list of new products includes a compact crossover, a large-size SUV, as well as a pickup truck and a model in the LCV segment. By 2025, the number of dealership centers in Russia is planned to increase to 100 units.
The first model of the Oting brand, the Paladin frame SUV, entered the Russian market at the end of February; the cost of the car in its basic configuration is 3.8 million rubles. “Paladin” is produced on the Nissan Terra platform; before delivery to the Russian Federation, the car received a number of modifications, including a new interior. The car is equipped with a two-liter Mitsubishi 4K31 petrol turbo engine with a capacity of 218 hp. With. (360 Nm) in conjunction with an eight-speed ZF automatic transmission.
Paladin is produced at the Zhengzhou Nissan plant (a joint venture between Japanese Nissan and Chinese Dongfeng), and a distribution agreement has been signed with it for five years. The Paladin car was given a Russian-language name in honor of the 75th anniversary of the establishment of diplomatic relations between the Russian Federation and China.
2024-04-05 07:23:05
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Chinese brand Oting set to release four new models in Russia, expanding dealership centers by 2025