ELE Times

Infineon Technologies and GlobalFoundries have announced a new multi-year agreement on the supply of Infineon’s AURIX TC3x 40 nanometer automotive microcontrollers as well as power management and connectivity solutions. The additional capacity will contribute to secure Infineon’s business growth from 2024 through 2030.

Infineon and GF have been partnering since 2013 in the development of differentiated automotive, industrial and security semiconductor technology and products. At the center of this collaboration is a highly reliable embedded non-volatile memory (eNVM) technology solution that is well suited for enabling mission-critical automotive applications while meeting the stringent safety and security requirements for next-generation vehicle systems. Infineon’s flagship microcontroller family AURIX already drives the transition in the industry towards autonomous, connected, and electrified vehicles.

“With this long-term agreement, Infineon further strengthens the supply of semiconductor solutions that are driving decarbonization and digitalization,” said Dr. Rutger Wijburg, Chief Operations Officer of Infineon. “As demand continues to accelerate for automotive applications, our goal is to deliver high-quality microcontrollers with enhanced connectivity and advanced safety and security. Our AURIX microcontrollers are a key ingredient for dependable electronics as we move towards a world with all-electric, all-connected, user-centric, autonomous cars.”

“Today’s announcement secures Infineon as a key long-term customer across multiple geographies, and particularly in Europe where the automotive industry has been an important contributor to innovation and economic growth. This underscores the criticality of a global manufacturing footprint that enables us to partner with our customers to meet their capacity needs, where they need it,” said Niels Anderskouv, Chief Business Officer of GF. “Our collaboration with Infineon delivers differentiation and innovation in automotive spanning two continents, and this long-term agreement provides Infineon with additional manufacturing for a more resilient supply chain.”

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The popular industry event, Demystifying EMC, is scheduled for February 6, 2024. Hosted by Rohde & Schwarz, this one-day virtual conference kicks off a program of EMC industry expert sessions from Rohde & Schwarz and partners from the commercial and academic worlds. Participants will obtain essential updates on EMC standards and gain insights and practical tips from the live broadcast conference.

Rohde & Schwarz will host its annual Demystifying EMC (DEMC2024) industry event on February 6, 2024. The one-day virtual conference will feature technical presentations, workshops, and live Q&A discussions hosted by EMC experts from Rohde & Schwarz and industry partners. The program will cover the latest updates in CISPR, RED, ANSI, ISO, MIL, and Medical EMC standards, as well as approaches to testing, design, risk management, and compliance.

The morning session comprises five 30-minute presentations following the opening keynote by Christina Gessner, Executive Vice President of Rohde & Schwarz, and Michael Fischlein, Vice President of Spectrum & Network Analyzers, EMC & Antenna Test at Rohde & Schwarz. The keynote sets the stage for test requirements and solutions. The subjects covered in the sessions include establishing and maintaining in-house test capabilities for EMC compliance, understanding calibration and calibration services, and qualifying equipment according to US FCC and EU RED regulations. Additionally, there is are sessions that describe testing small satellites for New Space missions and testing vehicles using the latest reverberation chamber methods.

The afternoon session will start with an update on the latest CISPR and ISO standards. Then, Prof. Dr Arturo Mediano from the University of Zaragoza will give a practical demonstration of conducted emissions testing. The afternoon will also cover EMC immunity testing challenges and the latest updates in medical and automotive testing. In the closing keynote, a panel of experts will discuss the outlook for EMC testing through the next decade and beyond. Live moderation will provide participants the opportunity to interact with EMC experts and ask questions.

Michael Fischlein, Vice President Spectrum & Network Analyzers, EMC & Antenna Test at Rohde & Schwarz, comments: “As established leaders in electromagnetic compatibility testing, we are excited to continue our popular seminar format Demystifying EMC in 2024, helping to bring clarity to EMC testing, for commercial, wireless, medical, automotive, aerospace, and IoT applications. That is why we share our deep EMC expertise, derived from over 50 years of experience, and team up with our partners whose contributions enhance the learning opportunities even more.”

Registration for the DEMC2024 virtual conference on February 6, 2024, is now open and free of charge. The DEMC event will be followed by a series of related in-person events at venues around the world. For more information and to register, please visit: www.rohde-schwarz.com/DEMC.

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Featuring a VCSEL and Smart Dual I²C Slave Address, Device Is Ideal for Battery-Powered Consumer Applications, Including TWS Earphones and VR / AR Headsets

The Optoelectronics group of Vishay Intertechnology has introduced a new fully integrated proximity sensor designed to increase efficiency and performance in consumer applications. Featuring a vertical-cavity surface-emitting laser (VCSEL), the Vishay Semiconductors VCNL36828P combines a photodiode, application-specific integrated circuit (ASIC), 16-bit ADC, and smart dual I²C slave address in a compact 2.0 mm by 1.0 mm by 0.5 mm surface-mount package.

Compared to previous-generation solutions, the proximity sensor released today offers a 20 % smaller package, 20 % lower idle current of 5 μA, and 40 % higher sunlight cancellation up to 140 klx. With a range of 200 mm and a typical rated supply voltage of 1.8 V, the device is designed to deliver superior proximity detection while reducing power consumption to increase efficiency in space-constrained, battery-powered applications.

The proximity sensor will be used in smartphones and smart watches for automatic screen wake-up and turn-off functions, in addition to detecting if users are wearing or not wearing true wireless stereo (TWS) earphones, virtual reality / augmented reality (VR / AR) headsets, and smart glasses. To lower costs in these applications, the VCNL36828P’s smart dual I²C slave address allows for the connection of two proximity sensors without the need for a multiplexer.

The device offers a programmable interrupt function that allows designers to specify high and low thresholds to reduce continuous communication with the microcontroller. The VCNL36828P uses intelligent cancellation to reduce cross-talk, while a smart persistence scheme ensures accurate sensing and a faster response time. The VCSEL wavelength peaks at 940 nm and has no visible “red-tail.” The sensor is RoHS-compliant, halogen-free, and Vishay Green.

Device Specification Table:

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CleverTap, the all-in-one engagement platform today announced the top 2024 MarTech Trends which will transform the way brands deliver customer experiences.

The convergence of data privacy regulations, advancements in AI and increasing demand for personalized content will redefine the MarTech landscape. Among other areas, here’s where CleverTap anticipates seeing the most activity in 2024:

1. AI: the new-age consultants 

As customer engagement evolves, Generative AI will go beyond mere suggestions to definitive prescriptions. It will guide brands toward optimal courses of action, transforming customer engagement into not only a personalized but strategically optimized experience. In 2024, this development will manifest in two key areas: content prescription and customer engagement strategies. In content prescription, it will allow brands to analyze data, predict resonant content for specific customer cohorts, and generate new content. Prescriptive customer engagement strategies will enable proactive customer journey orchestration, granular user segmentation for hyper-personalization, and predictive analytics that anticipate needs and forecast long-term revenue impact.

2. From Return On Investment (ROI) to Return on Experiences (ROX)

While ROI has historically been the way to evaluate campaigns: “money in vs money out”, 2024 will see brands take a more holistic view that extends beyond immediate returns — return on experience (ROX). The approach will continually evaluate the long-term impact on customer experiences. It will be a more nuanced and precise metric for gauging customer success, helping marketers look at customer journeys historically and go beyond click-throughs and conversions. Instead, it will consider nuanced metrics such as brand perception, satisfaction, loyalty, and advocacy. The full spectrum of interactions and emotions is responsible for driving user engagement.

3. The gambit of omnichannel will expand 

Advancements in generative AI are coming thick and fast. And the chatbots spawned in 2023 will soon transition from being mere large language models to large action models. This means they will not just be able to respond with text, but also act upon commands, giving rise to an era of Generative AI assistants. The Rabbit R1 is already giving the world a pique into this by letting go of traditional apps in exchange for AI. The device’s software is powered by a large action model, or an algorithm that can learn from how users use apps so that it can replicate and automate those processes. In 2024, marketers will contend with the challenge of integrating these AI assistants into their omnichannel engagement strategies.

4. Zero-party data: consensual and accurate

The petabytes of data and insights brands have on their customers comes with a crucial responsibility i.e. ethically navigating this repository of information to deliver the best results while not compromising trust. Customers are increasingly wary of their data, how it’s being used and whether it’s being protected. 2024 will see the end of third-party cookies, the most popular targeting and tracking technique. As brands transition away, they will not only need to align with regulatory changes but also foster a transparent and trustworthy relationship with their audience. In this new era, the focus on ethical data practices will become a cornerstone of effective and responsible marketing strategies.

Jacob Joseph, VP – Data Science, CleverTap said, “2023 was the year of generative AI, whose profound impact on society had us both excited and cautious about what the future holds. While advancements in the field will make it a sustained talk-point in 2024, other developments will reach a tipping point too. By getting ahead of this curve, we at CleverTap, can not only adapt to these shifts but also innovate and leverage any advancements for the benefit of our customers. This approach ensures that our customers receive unparalleled value and stay at the forefront of the rapidly evolving tech landscape.”

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TTape revolutionizes the EV industry by delivering a unique capability to detect overtemperature at every Li-ion cell, offering superior safety and battery life enhancement.

Littelfuse, Inc., an industrial technology manufacturing company empowering a sustainable, connected, and safer world, is excited to introduce TTape, a groundbreaking overtemperature detection platform designed to transform the management of Li-ion battery systems. With its innovative features and unparalleled benefits, TTape helps vehicle systems manage premature cell ageing effectively while reducing the risks associated with thermal runaway incidents.

TTape is ideally suited for a wide range of applications, including automotive EV/HEVs, commercial vehicles, and Energy Storage Systems (ESS). Its distributed temperature monitoring capabilities enable superior detection of localized cell overheating, thereby improving battery life and enhancing the safety of battery installations.

TTape’s key benefits and differentiators include:

• Premature Cell Aging Management: TTape aids vehicle systems in managing premature cell aging, significantly reducing the risks associated with thermal runaway.
• Extended Battery Pack Life: TTape ensures that the battery pack remains serviceable for an extended period by initiating temperature management at an earlier stage.
• Efficient Multi-cell Monitoring: With a single TTape device, multiple cells can be monitored, thus alerting the BMS sooner in case of overtemperature scenarios.
• Ultra-fast Response: With a response time of less than one second, TTape guarantees quicker alerts, signaling the potential onset of thermal runaway conditions.
• Seamless Integration: Calibration isn’t necessary. TTape can easily integrate with existing BMS, making it a go-to solution for many battery applications.

Moreover, the extremely thin design of TTape makes it ideal for conformal installations. With a single MCU input, its distributed temperature monitoring capability drastically improves the detection of localized cell overheating. This approach enables efficient cooling measures to prolong battery life and significantly heightens the safety standards of battery installations.

“Distinguishing itself from NTCs, TTape is a stellar addition to the Littelfuse product family. The profound advantage of localized cell overheating detection ensures quicker alerts to the BMS compared to traditional NTC setups,” explained Tong Kiang Poo, Global Product Manager at Littelfuse. “The TTape Platform is a distributed temperature monitoring device for battery packs that helps to improve the detection of localized cell overheating. With no calibration or temperature lookup tables required, and only one MCU input needed, it integrates seamlessly with current BMS solutions alongside NTCs, delivering an enhanced detection of cell overheating.”

This groundbreaking product builds upon the Littelfuse legacy of innovation. It leverages the company’s rich research, design, and development expertise in PPTCs, bringing forth a temperature monitoring solution that the industry eagerly awaits.

TTape promises to be a game-changer for the Li-ion battery pack market, emphasizing safety and efficiency. As the industry moves rapidly towards more sustainable and safe energy solutions, Littelfuse products like TTape are a testament to the company’s commitment to innovation and excellence.

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The interim budget for the fiscal year 2024-25 is scheduled for February 1, 2024, as will be presented by Finance Minister Nirmala Sitharaman. The full and final budget is expected to be tabled in July, post-2024 Lok Sabha Elections. Between January 31 to February 9, a brief Budget session, the last of the 17th Lok Sabha will be held.

While many of us are expecting some indispensable leaps in several areas including technology, innovation, manufacturing, and R&D, FM Sitharaman while speaking at an event by the Confederation of Indian Industry (CII) ruled out the possibility of any “spectacular” announcements. This cements the fact that fiscal discipline will take precedence over populist spending, thus following the premise of a conventional interim budget model.

It will be interesting to see the stance that this budget will adopt, especially in expediting growth in the Power and Energy sector with lead incentivization for green hydrogen. The oil and gas sector has expectations of steady reforms for City Gas Distribution players, while the power sector is keen on noticing some bold initiatives to encourage the adoption of renewable energy. As per EY’s 2024 Budget expectations report, the government may extend the concessional 15 per cent income tax rate for corporations, for them to set up manufacturing units by one year till March 31, 2025, to attract foreign investments. Experts also predict that the government could unveil an expanded third phase of the incentive scheme for electric vehicles and that the budget will cater to further strengthening of the startup ecosystem in the country.

Overall, India is expected to maintain the growth momentum into FY25, and the upcoming union budget can indeed be a solid step towards realizing the country’s ambition of becoming the third-largest economy.

Let us take a look at what some of the industry experts’ expectations are from this year’s interim budget, as shared with ELE Times.

Industry Speaks

Saurabh Marda, Managing Director and Co-Founder at Freyr Energy –

“The rooftop solar sector in India is rapidly expanding, with an impressive CAGR of 15%. To further accelerate adoption of solar, Ministry of New and Renewable Energy (MNRE) has decided to increase the Central Financial Assistance (CFA) by 23%.  One major challenge that many customers face, however, is the high upfront investment. To promote wider adoption of solar energy, we hope that the 2024 union budget will encourage banks to offer affordable financing options for solar solutions. By providing low-interest loans, these financial institutions can significantly contribute to India’s progress towards sustainable energy”.  

Prem Kumar Vislawath, CEO and Founder at Marut Drones –

“The Central government has been on the right path in paving the way for large scale embrace of drones in India with its decision to provide 15,000 agricultural drones free of cost to rural women under the Drone Didi initiative.  The aviation sector is bound to see incredible changes in the coming years. In budget 2024, we are hoping to see ease of regulations for start-ups as well as consumers, along with easy financing for drones for commercial purposes. A 100 percent subsidy to farmers on drone training certification program through Skill India would support the drone ecosystem of the country. GST waiver on drone, allied products, software, training, and license could be an excellent step towards that future. We are hoping to see ease of regulations for start-ups as well as consumers. For instance, PLI scheme extension for component and manufacturers would be a great incentive for start-ups. Easy financing for drones for commercial purposes can go a long way in making them affordable to all sections of the society. Fine tuning policies and quicker clearances will help the drone industry achieve its true potential of making India a drone hub by 2030”.

Kumar Gaurav, Co-Founder of Cashaa-

“As we eagerly anticipate the Union Budget of 2024, Cashaa is hopeful for transformative measures that will shape the future of the Indian crypto sector. Our primary expectation is a reduction in the flat tax rate from 30%, aligning crypto gains with other asset classes like debt and equity. We also advocate for a significant drop in the high TDS rate from 1% to approximately 0.01%, aiming to rekindle trading volumes crucial for a vibrant market. A decisive and supportive regulatory framework is pivotal, as it will not only encourage innovation but also attract vital investments to fuel the growth of the crypto sector in India. While our optimism runs high, we remain mindful of the interim nature of this budget, preceding the 2024 general elections”.

Pankaj Jha, Country Head & Director of Sales at MAXHUB India-  

“As the country continues to evolve, it is imperative for the government to channel its efforts towards the digitalization of education, aligning with the visionary National Education Policy 2020. In addition, expanding the scope of smart city projects to include more cities will undoubtedly contribute to our nation’s growth. I strongly advocate for the simplification of custom duties and incentives for ‘Make in India’ initiatives, with a special focus on facilitating contract manufacturing. Furthermore, providing tax exemptions on smart classrooms for private education players is an essential step in fostering innovation and accessibility. These measures collectively pave the way for a technologically advanced and educationally empowered India”.

Mr. Rajesh Gupta, Founder & Director at Recyclekaro-

“The upcoming budget holds a pivotal role in steering India towards a sustainable future by fostering the growth of battery recycling. The circular economy’s cornerstone, battery recycling, addresses mineral scarcity and reinforces our supply chains, paving the way for self-sufficiency in battery materials. While regulations like the Electronics Waste Management Rule and Batteries Management Rule have strengthened the recycling industry, persistent challenges call for solutions. To further empower this sector, streamlined recycling policies and incentives for pioneering waste management solutions are imperative.

The rapidly growing adoption of electric vehicles is a catalyst for the EV battery recycling industry. Initiatives such as FAME, PLI, and other incentives should be amplified to fuel this momentum. A tailored PLI scheme dedicated to lithium-ion battery recycling will be a game-changer, amplifying the sector’s growth while advancing India’s sustainability goals. As we approach the budget, investing in these strategic measures will not only invigorate the recycling industry but also cement India’s position as a global leader in sustainable practices.”

Dr Venkat Mattela, Founder & CEO at Ceremorphic-

“The semiconductor industry’s tenacity and dedication to innovation, indicate bright development possibilities in the rapidly changing technological world as the 2024 budget draws near. And it’s absolutely critical to give priority to a few joint government-organization projects in order to promote innovation throughout India’s semiconductor industry.

With green energy and sustainability taking centre stage in worldwide efforts to cut carbon emissions, policies like the National Green Hydrogen Mission will help move the economy towards low carbon intensity and lessen dependency on imported fossil fuels for ecosystem-wide sustainable growth. Furthermore, the renewable energy industry has enormous potential for cooperation with semiconductor fabrication plants by offering assistance in establishing ESG norms for the manufacturing sector by including sustainable waste management practices and recycling water techniques, among other things. Speaking of core teach, we can anticipate a heightened emphasis on AI integration with research and development in various sectors, particularly in high-tech manufacturing like semiconductors, to ensure sustained progress.

At the grassroots level, such as in high schools and colleges across the nation, the government must also continue to support skill development initiatives like the Pradhan Mantri Kaushal Vikas Yojana 4.0 and Skill India Digital platform, with appropriate curricula to prepare the workforce for Industry 4.0 and beyond. And last but not the least, formation of industry think-tanks, in collaboration with the government, and support for semiconductor design startups will help provide a comprehensive outlook for promoting innovation in the space of AI, hence bolstering the semiconductor sector”.

Vivek Tyagi, Managing Director at Analog Devices Inc. India-

“As we approach the Union Budget 2024, we at Analog Devices Inc are hopeful for a forward-looking fiscal roadmap that steers the nation towards technological prowess and sustainable growth. We believe the upcoming budget will play a crucial role in shaping India’s economic development, particularly in emerging sectors like semiconductor, e-mobility, green hydrogen, and renewable energy. Recent commitments observed at the Vibrant Gujarat Global Summit 2024 underscore the industry’s collective dedication to Indian Government’s vision of a ‘Developed India @2047.’

In this dynamic landscape, we encourage policies that bolster indigenous semiconductor manufacturing ecosystem. The announcements by global players to invest in Gujarat highlight the sector’s potential and the need for a conducive policy environment. We believe that the budget should be a catalyst for nurturing innovation, research, and skill development, particularly in frontier technologies like artificial intelligence, 5G/6G networks and renewable energy.

As the world embraces the integration of 5G technologies, AI-enabled solutions and sustainable practices, we look to the budget to provide a strategic framework that not only navigates current challenges but also sets the stage for India’s emergence as a global technology and innovation hub. In essence, the forthcoming budget represents a pivotal opportunity for India to fortify its position on the global stage, and Analog Devices Inc remains committed to contributing to this transformative journey.”

Sandeep Trehan, President, Marketing & Business Development at THINK Gas-

“We hope that the budget’s potential initiatives for city gas distribution (CGD) players holds promise for accelerating the adoption of natural gas across the country. We expect the central government to coordinate with the state governments and bring about policy initiatives such as reduction in VAT or bringing natural gas under the GST ambit. We also expect the government to make usage of natural gas mandatory for areas where the infrastructure is ready and gas is flowing. All this will help achieve the government’s target of India becoming a gas-based economy and the share improving to 15% by 2030.”

Hyder Khan, CEO of Godawari Electric Motors-

“I eagerly anticipate the upcoming budget with optimism and a fervent hope for increased support towards the electric mobility sector. The extension and enhancement of the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme would be instrumental in propelling India towards a sustainable and eco-friendly future. Substantial subsidies for electric vehicles and related infrastructure would not only incentivize consumers but also bolster the growth of our industry.

These measures will not only promote cleaner transportation but also stimulate innovation and job creation. I look forward to a budget that recognizes the pivotal role electric mobility plays in achieving environmental goals and economic development, and I trust that the government will continue to foster a conducive ecosystem for the electric vehicle industry to thrive.”

Raman Bhatia, Founder & Managing Director, Servotech Power Systems Ltd-

Shubham Vishvakarma, Co-Founder and Chief of Process Engineering at Metastable Materials

“As we anticipate the 2024 budget announcement, we hope for a forward-looking budget that reflects India’s commitment to sustainability and technology advancement. A large volume of India’s end-of-life Lithium-ion batteries is exported globally for recycling or just processed as an intermediate black mass and then exported. Hence, massive R&D investments are required, particularly to create strong competencies and lab testing facilities for the proper end-of-life Lithium-ion battery recycling. This not only contributes to responsible environmentalism but also nurtures a talented pool of individuals.

Another area, where we are hopeful for is the Production-Linked Incentive (PLI) and it’s extension to battery recycling. This would also be a strategic approach as by expanding the range of the scheme beyond just the Advanced Chemistry Cell manufacturing, we open up the opportunity to capture the entire value chain. This extension will incentivize the setting up of homegrown recycling firms instead of shipping away the dead batteries.

We also recommend that the recycling of Lithium-ion batteries be incorporated into the Carbon Credit Trading Scheme. This inclusion, in particular for negative-value battery chemistries feasibility will provide substantial support to India’s position in the carbon credit markets and also demonstrates our continued dedication to sustainable solutions.”

Manideep Katepalli, Co-Founder at BikeWo –

“Despite last year’s commendable 33% surge in EV registrations, our industry encounters persistent challenges. Chief among these hurdles is the imperative need for robust charging infrastructure, pivotal in inspiring confidence among potential buyers and propelling the widespread adoption of electric vehicles (EVs) as a sustainable mode of transportation.

Another barrier remains the relatively higher initial cost of EVs, often deterring consumers. However, the promise of life tax subsidies for electric vehicles and the availability of accessible EV financing options hold immense potential to mitigate this challenge.
The integration of EV infrastructure into Priority Sector Lending (PSL) is poised to bolster credit flow into the sector by mandating financial institutions to provide support, thus promising a significant boon. A supportive regulatory framework coupled with financial incentives aimed at fostering research and development within the EV sector stands as an indispensable pillar. These measures not only drive innovation but also attract investments, creating an environment conducive to widespread EV adoption. Ultimately, these strategic initiatives play a pivotal role in establishing an enduringly sustainable and eco-friendly transportation ecosystem”.

Akash Gupta, Co-Founder and CEO, Zypp Electric-

“Prioritizing the electric vehicle (EV) sector is crucial for a sustainable future. First, inclusion in the priority lending scheme will fuel growth by facilitating easier access to capital. To accelerate the adoption of EV-led delivery services, a reduction in GST for EV services from 18% to 5% is imperative. While EV purchases enjoy a 5% GST rate compared to 28% for internal combustion engine (ICE) vehicles, a similar distinction must extend to services. Furthermore, introducing usage-based incentives for EV drivers, in addition to existing FAME buyer incentives, will be a game-changer. Rewarding users based on carbon savings and kilometres driven creates a tangible incentive for sustainable choices.

Addressing the last-mile delivery gap is equally critical. Recognizing last-mile delivery as a distinct sector under logistics policies is essential, given that one-third of shipments fall within this category. Establishing industry standards, supporting gig delivery partners with tailored schemes, and implementing standard operating procedures (SOPs) will enhance efficiency and foster growth in this vital but often overlooked segment of the logistics industry”.

Dinesh Arjun, CEO & Co-Founder at Raptee-

“As the electric vehicle (EV) industry gears up for substantial growth in the coming years, it is imperative for the government to foster a supportive ecosystem. To stimulate investment opportunities, there should be encouragement for potential investors, coupled with essential reductions in GST rates for electric vehicles and charging stations. Additionally, easing the burden on the industry can be achieved through a decrease in import duties on electronic components. The industry is particularly hopeful for a significant GST reduction, aiming to bring it down from 18% to 5% specifically for lithium-ion battery packs and cells, given their pivotal role in the EV sector. A concerted effort in the budget towards enhancing the ease of doing business and facilitating the entry of local players into the market is crucial. Addressing aspects like component localization and ensuring easy access to necessary components will empower Indian companies, both large and small, to develop competitive products at competitive prices, further solidifying the sector’s growth potential”.

Ritesh Kumar, Founder at Cyfirma-

“We would like to see the upcoming budget carry a strong focus on helping businesses overcome the threats of cyberattacks and other digital risks. Indian businesses are adopting digital solutions at an accelerated pace yet their cybersecurity maturity remains low. A budget that supports SMEs and start-ups growth while ensuring their cybersecurity needs are taken care of is much needed in the current AI and digital age. The government’s approach needs to move beyond building compliance frameworks to providing tangible subsidies for cybersecurity protection solutions”.

Yogesh Mudras, Managing Director, Informa Markets in India

“The Budget 2024-25 becomes pivotal in steering the nation towards a greener future. With a commitment to boost green energy to 500 GW by 2030, we anticipate sustained attention on the increased allocations for bio-energy, solar, and wind, alongside higher capital expenditure in green hydrogen and battery storage infrastructure.

Recognizing the critical role of energy storage for grid stability, we applaud the proposed policy incentives for Battery Energy Storage Systems (BESS). The recent approval of a scheme targeting 4,000 MWh of BESS projects by 2030-31, with financial support of up to 40% (Rs. 3,760 crore), marks a significant stride toward a resilient energy landscape.

As India targets 170 GW Renewable Energy capacity by March 2025, the Budget is anticipated to extend existing schemes, including the Production Linked Incentive and viability gap funding. Advocating for policies that stimulate green hydrogen demand, reduce GST on crucial components, and increase funding for R&D to create a stable environment for sustainable development. Informa Markets by organizing The Battery Show and REI Expo, continues to provide a crucial platform for industry leaders to collaborate and contribute to the nation’s sustainable energy journey.”

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