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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...
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Delhi government launches portal for purchasing and registering electric autos

The Delhi government has launched My EV Portal to provide interest subvention on loans to purchase Electric Auto Rickshaws. The Government of Delhi has developed this website in association with Convergence Energy Services Limited (CESL). With this, those who buy e-autos quickly get government help.

By launching this portal, Delhi has become the first state to provide such a facility. The interest rate subsidy given on electric auto through this portal will be given Rs 25,000 to purchase Rs 30,000.

“The interest rate subvention provided on electric autos will provide an additional incentive of Rs 25,000 over the purchase incentive of Rs 30,000,” the statement read.

Transport Minister Kailash Gehlot said that the promises made by the Delhi government to the people under the leadership of Chief Minister Arvind Kejriwal are being fulfilled. This online portal will allow people to choose various approved vehicle options. It will also help ensure that they can easily avail themselves of the interest subvention on their loan. Gehlot said that the adoption of electric vehicles has become more economical now. The government is making every effort to make Delhi the capital of electric vehicles.

My EV portal https://ift.tt/8QF20Si will act as a single window for the purchase and loan of Electric Autos. Delhi is the first state to provide interest subvention on electric vehicles. While the plan is currently for electric autos, it will soon be available on lithium-ion-based e-rickshaws, e-carts, and electric light goods vehicles in Delhi.

My EV Portal is an online portal. Through this portal, it will be easy for the selected applicants to buy e-autos and get help provided by the Delhi government. A total of 4,261 letters of intent are being given to women with 33 percent reservation for buying e-rickshaws. Apart from this, it has also been said by the Delhi government that it is currently operational for electric autos. It will soon be available on lithium-ion-based e-rickshaws, e-carts, and electric light goods vehicles.

The post Delhi government launches portal for purchasing and registering electric autos appeared first on BGR India.



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