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Establishing the charging infrastructure is a significant challenge in adoption of Electric Vehicles in India: Grant Thornton-CII report
While India has pledged to have an “all-electric car production effective 2030”, the lack of charging infrastructure is one of the prime concerns for the Government of India (GoI) to achieve this milestone, finds Grant Thornton CII report - Sustainable NextGen Automotive Technologies - Imperative India released at the CII Conference today. India lags behind in the availability of charging infrastructure with 353 charging stations only spread across the country. Large number of these charging stations have been set up by the manufacturers of Electric Vehicles (EV).
The results of Grant Thornton’s International Business Report (IBR), a quarterly global business survey, reveal that business optimism in India has slipped from 2nd position in the last quarter to 7th position in the 3rd quarter of 2017. The scale and the report are prepared based on the results of a quarterly global business survey of 2,500 businesses in 37 economies conducted in September before the announcements of the big reforms by the Government on Bank recapitalisation, infrastructure investments particularly in roads, aggressive actions on insolvency and bankruptcy.
Grant Thornton in India launches a new service line – DigiTech to assist clients in embracing digital transformation
In 15 years since its inception, Grant Thornton in India (GT) has grown to over 3,000 people and has become a leader in serving mid- to large Indian companies that have global aspirations for both their compliance and advisory needs. Understanding the crucial role that technology is playing in today’s business environment, the Firm has now taken a step forward to assist its clients unlock the potential for growth through digital transformation. Grant Thornton has combined Digital Transformation, Technology (IT) & Analytics into a new DigiTech service line in India to complement its services in Audit, Tax, Risk Advisory and Growth Advisory.