Humanoid robots creating a $7 trillion market opportunity over the next 25 years

The Indian government is preparing a significant initiative to enhance its electronics manufacturing sector, particularly focusing on components for smartphones and other devices. This move aims to strengthen India's position as a global electronics manufacturing hub.1. Financial Support: The Ministry of Electronics and IT has proposed a subsidy package worth INR230 billion ($2.7 billion) to encourage the manufacturing of electronic components.2. Target Components: The subsidies will focus on critical parts such as batteries, camera components, microprocessors, memory storage, lithium-ion cells, and multi-layered printed circuit boards.3. Tariff Reductions: The plan also includes recommendations to lower tariffs on certain electronic components, addressing industry demands to reduce production costs.4. Competitive Edge: India's current tariffs on electronics components range from 0% to 20%, which is about 5-6% higher than competing countries like China and Malaysia. The proposed changes aim to make India more competitive.5. Building on Previous Success: This initiative builds upon earlier efforts that successfully attracted companies like Apple and Samsung to set up manufacturing plants in India.6. Supply Chain Development: The government aims to create a broader supply chain for smartphone makers, reducing reliance on imports from countries like China.7. Approval Process: The proposal requires cabinet approval, with potential announcement in the February budget if approved.This initiative underscores India's commitment to boosting its electronics manufacturing sector, aiming to reduce import dependency and enhance its role in global electronics production. The move is particularly significant for companies like Apple, which have been expanding their manufacturing presence in India.---Join the exclusive network for growth companies and corporates driving growth and partnerships in tech and science - www.startupeuropeindia.net

India's NTPC Green Energy is set to develop a $21 billion green hydrogen hub in Andhra Pradesh, marking a significant step in the country's renewable energy transition. This ambitious project, known as the 'NTPC Green Energy LTD Green Hydrogen Hub', will be capable of producing 1,500 tonnes of green hydrogen and 7,500 tonnes of derivatives daily.- Production capacity: 1,500 tonnes per day of green hydrogen- Derivative production: 7,500 tonnes per day- Renewable energy capacity: 20GW- Location: Pudimadaka, Andhra Pradesh- Estimated cost: $21 billionThe hub will focus on producing green derivatives such as green methanol, green urea, and sustainable aviation fuel (SAF), primarily for export markets. This aligns with India's National Green Hydrogen Mission and contributes to the country's target of 500GW renewable energy capacity by 2030.The project's announcement by Prime Minister Narendra Modi underscores India's commitment to strengthening existing green energy solutions. It follows the country's recent fulfillment of various Paris Agreement commitments.This development comes amid surging hydrogen demand in India, as evidenced by the oversubscription of the country's latest green hydrogen auction. The auction received bids for 626,500 tonnes annually, exceeding the 450,000-tonne cap, highlighting the growing interest in green hydrogen production.The NTPC Green Energy LTD Green Hydrogen Hub represents a significant stride in India's efforts to become a global leader in green hydrogen production and utilization, potentially reshaping the country's energy landscape and export capabilities.---Join the exclusive network for growth companies and corporates driving growth and partnerships in tech and science - www.startupeuropeindia.net

The United States and India have announced plans to enhance their partnership in artificial intelligence (AI) technology through reciprocal investments and protections. This initiative is part of a broader effort to strengthen the strategic technology partnership between the two nations.1. Government-to-Government Framework: The countries will develop a framework to promote reciprocal investments in AI technology and align protections for its diffusion.2. National Security Cooperation: The US and India will bolster cooperation on national security applications of AI and focus on its safe, secure, and trustworthy development.3. Ongoing Engagement: US National Security Advisor Jake Sullivan and Indian National Security Advisor Ajit Doval have been regularly collaborating on AI and other technologies since May 2022, as part of the India-US Initiative on Critical and Emergency Technologies (iCET).4. Broader Technological Collaboration: In addition to AI, the partnership extends to space technology, defense innovation, industrial cooperation, clean energy, critical minerals, and semiconductors.5. Private Sector Involvement: Major tech companies like Amazon and Microsoft are investing billions in India's AI infrastructure. Microsoft has pledged $3.7 billion for data centers in Telangana, while Amazon plans to invest $12.7 billion in cloud infrastructure by 2030.6. Regulatory Considerations: India's IT ministry has stated that "unreliable" or untested AI tools must receive government approval before release.This collaboration underscores the growing importance of AI in international relations and economic development, with both countries recognizing the need for coordinated efforts in this rapidly evolving field.---Join the exclusive network for growth companies and corporates driving growth and partnerships in tech and science - www.startupeuropeindia.net