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Key to investing successfully in 2024 would be to remain diversified, and stay for the long term, at least 5 years or more.

In the renewable energy sector, Tata Power has announced plans to invest INR 55,000 crore in wind and solar power generation in Tamil Nadu over the next 5-7 years.

The previous two editions of the Tamil Nadu Global Investors Meet (GIM) attracted investments of INR 2.42 trillion in proposed investments in 2015 and INR 2 trillion in 2019.

Under the 'Battery Waste Management Rules 2022', the Central Pollution Control Board (CPCB) has officially recognized Battery Refurbishing as an approved business activity.

The state government also announced plans to introduce a dual-degree or certificate course, allowing students to simultaneously enroll in ITI courses alongside their regular graduation studies.

Following a positive response in Hyderabad, the company plans to expand its micro-school presence to academic hubs such as Bangalore, Pune, Chennai, and Delhi.

VDL Bus & Coach, a subsidiary of VDL Groep, will support EKA Mobility by transferring technology to produce electric buses for the Indian market.

Approximately 100 countries will participate in the summit, including 32 partner countries and 16 partner organizations.

With the infusion of additional funds, the government has decided to increase the targets for supporting electric vehicles (EVs) in various categories from 1.56 million to 1.74 million.

The Gross Non-Performing Assets (GNPAs) for MSMEs decreased to 4.7 per cent in September 2023, compared to 6.8 per cent in March 2023.

The memorandum deems the development of the MSME sector, improvement of value chains, and increased access to capital critical for India's economic growth.

The RBI report acknowledged that NBFCs have consistently expanded their MSME portfolio, addressing the sector's credit needs and contributing to overall financial inclusion and economic growth.

The expansion of charging infrastructure, advancements in battery technology, and sustained government support are expected to further fuel the accelerated growth of the EV market.

The transition to electric buses is anticipated to expedite the establishment of a widespread charging infrastructure, attract investments, achieve economies of scale, lower per-unit costs, and generate employment within the manufacturing sector.

Fast-charging stations equipped with cutting-edge technology have become more accessible, reducing charging times and easing range anxiety for EV owners.