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ONGC plans to invest Rs 1 lakh cr to set up 2 petrochemical plants

CFO News

India's top oil and gas producer, ONGC, plans to invest approximately Rs 1 lakh crore in establishing two petrochemical plants to directly convert crude oil into high-value chemical products.

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BYD tells India partner it wants to drop $1 bn EV investment plan: Sources

CFO News

Chinese EV manufacturer BYD has reportedly told its joint-venture partner in India that it plans to drop its proposed $1bn investment to build electric cars in the country. It is not yet clear whether BYD has formally withdrawn its proposal from government review or whether it could have second thoughts about the investment.

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Trending Sources

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JSW Group to invest $5 billion in EV projects in eastern India

CFO News

JSW Group plans to invest 400 billion rupees in EV manufacturing projects in Odisha, India. JSW Group will allocate 250 billion rupees for an EV battery manufacturing plant and an EV components plant in the initial phases. The government aims to achieve a 30% share of EV sales by 2023.

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CFO for Manufacturing Companies

Michigan CFO

In the world of manufacturing, where processes run thick and bottlenecks are known to arise, CFO services play a critical role in helping organizations steer towards efficiency, profitability, and longevity. The Evolving CFO Role in a Manufacturing Company. Digitalization is changing the way manufacturing is performed worldwide.

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Manufacturers Loosen Budgets To Make Tech Upgrades

PYMNTS

The COVID-19 pandemic may have brought manufacturing to a halt, but that hasn’t stopped these same companies from investing in software upgrades and technology initiatives to stay competitive. of Wisconsin, said they’ve maintained or accelerated investments in tech and research.

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Many companies fail to make required investments under auto PLI plan

CFO News

Of these, 20 companies were under the original equipment manufacturer (OEM) category, including Maruti Suzuki and Tata Motors, and 75 companies under the component maker category, including Bosch and Lucas TVS. As many as 95 companies were shortlisted for the PLI scheme for the auto industry.

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Elon Musk meets Modi, says Tesla is looking to invest in India

CFO News

Tesla CEO Elon Musk plans to invest in India "as soon as humanly possible" and aims to set up a manufacturing base in the country, he said after meeting with Prime Minister Narendra Modi in New York. Modi had pushed for Tesla to make "significant investments" in India during the talks.