NEC

Agreements have been signed with 26 companies for 54 applications under the production linked incentive (PLI) for specialty steel, Union Steel Minister Jyotiraditya M Scindia said on Thursday. The minister made the remarks at the Global Zinc Summit 2023 in the national capital where he also urged the stakeholders to explore investment opportunities in India. "We had a PLI for speciality steel and that includes steel products with zinc. I report we have awarded 54 applications submitted from close to 26 companies (which will lead to) an investment of...Rs 30,000 crore, a capacity addition of 26 million tonne and employment generation potential of about 25,000 people," Scindia said. India is the fourth largest producer of zinc contributing to six per cent of the world's capacity alone, he said adding 80 per cent of the non-ferrous metal produced in the country is consumed domestically. In India, the government has announced a huge capex of Rs 10 lakh crore for infrastructure which h

Prime Minister Narendra Modi on Monday met Nobuhiro Endo, the head of Japanese multinational information technology electronic giant NEC Corporation. Modi "highlighted India's reform trajectory. He talked about opportunities in areas such as digital learning, FinTech, infra and logistics networks," PMO India tweeted. The Prime Minister appreciated NEC's role in India's telecommunication sector, especially in undertaking Chennai-Andaman & Nicobar Islands (CANI) and Kochi-Lakshadweep Islands (KLI) OFC projects, MEA said in a statement. He also highlighted investment opportunities under Production Linked Incentive (PLI) scheme. "They discussed various reforms being undertaken to enable ease of doing business in India including in industrial development, taxation and labour," the statement said. "They also discussed opportunities in India in new and emerging technologies." Endo spoke about opportunities in India in areas such as smart cities, emerging technologies and an innovative ..

Moto Sato, NEC Laboratories America, said, "We need to build the AI in much higher security robustness and also feel the comfort that AI provides"

NEC was the winner of a competitive auction and completion of the deal is expected in early 2021, subject to regulatory approval.

Besides, the IT solutions provider is betting big on the cyber security segment in view of ever-rising incidents of cyberthreats

Minister for Development of North Eastern Region Jitendra Singh said certain state govts in the region had not submitted important documemts