AGP Executive Report
Last update: 5 hours agoEnergy Storage Push: ISGF and LDES Council signed an MoU to speed long-duration energy storage in India via policy, market models, demos and a Centre of Excellence. Solar Rooftops Compliance: MNRE mandated inverter-level data for PM Surya Ghar rooftop systems be stored only on India-based servers/cloud, with OEMs to confirm compliance to REC. Deep-Tech for Energy: MC²+ Ignite launched to back ~30 energy deep-tech startups with up to ₹2 crore each, linking them to IITs, industry pilots and commercial pathways. FDI Uptick: India reported nearly ₹5,000 crore FDI after easing rules for Chinese-linked firms under the automatic route, aiming to cut approval delays. Digital-Infra Security: Piyush Goyal met Check Point’s CEO in Singapore to discuss expanding R&D and AI-driven security for India’s digital public infrastructure. Logistics Deal: Investcorp acquired 20Cube 3PL for about ₹500 crore to scale contract logistics warehousing across India. Data Centres Boom: India emerged as APAC’s top data-centre market outside China, with live IT capacity quadrupling to 1.7 GW and a large pipeline underway. Counterfeit Crackdown: Amazon expanded its Counterfeit Crimes Unit in India to protect 1.7 million sellers, citing raids and ongoing probes with local agencies. Construction Equipment Incentives: Govt is set to clear a $1.2 billion incentive scheme to boost domestic manufacturing of high-value construction equipment, including tunnel boring machines. Food Safety: Delhi’s health ministry reviewed H1N1/swine flu situation amid a spike, while Maharashtra FDA warned against buying loose/unsealed edible oil. Urban Growth: CBRE said 77% of office occupiers plan to expand, keeping India’s office market on a growth track.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.