Latest news with #AIDP
Zawya
08-07-2025
- Automotive
- Zawya
Egypt urges auto manufacturers to boost local value-added under revised industry programme
Egypt - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held on Monday an extensive meeting with automotive manufacturers operating in Egypt to review recent amendments to the National Automotive Industry Development Programme (AIDP). Attending the meeting were the Minister of Investment and Foreign Trade, senior officials from the Ministry of Finance—including the Deputy Minister for Tax Policies—the heads of the Egyptian Tax and Customs Authorities, and members of the programme's technical committee, alongside representatives from the Ministries of Industry, Investment, Foreign Trade, and Finance. Opening the meeting, Al-Wazir stressed that the updated programme is designed to provide meaningful incentives to manufacturers and ensure long-term sustainability by adopting a practical and realistic approach. He emphasised the need to enhance local manufacturing to scale up production and fully utilise existing industrial capacities and resources. The amendments were approved by the Ministerial Group for Industrial Development and the Supreme Council for the Automotive Industry, chaired by the Prime Minister, and were subsequently ratified by the Cabinet. Al-Wazir affirmed the state's readiness to support automakers in developing this strategic sector for mutual benefit. He also announced the conclusion of the transitional period on 30 June and instructed the Ministry of Finance to start disbursing entitlements to companies registered under the programme. The revised AIDP officially took effect on 1 July. The meeting reviewed the criteria for joining the updated incentive scheme, including increasing local value-added, expanding production volumes, attracting new investments, meeting environmental standards, and supporting development in priority regions. To qualify, manufacturers must produce at least 10,000 fossil-fuel vehicles annually, with a minimum of 5,000 units per model and local content starting at 20%, subject to biennial review. For electric vehicles, initial production must be at least 1,000 units, increasing to 7,000 by the end of the programme, with a starting local content of 10%, reviewed annually. Electric vehicles will receive 50% of the incentives linked to value-added and production volume and full incentives for new investment and environmental compliance. The maximum eligible car price is EGP 1.25m, with an engine size limit of 1600cc. Incentives are capped at 30% of the ex-factory price, up to EGP 150,000 per vehicle. Gas-powered vehicles must receive environmental compliance certification from an entity affiliated with the Ministry of Petroleum. To count as local content, at least 25% of the value must derive from genuine manufacturing or locally sourced components—not mere assembly. Both production and local content targets will rise over the programme's seven-year span. Incentives will be partially reduced if targets are missed, while manufacturers exceeding 35% local content will receive an additional EGP 5,000 for every 1% increase, beyond the capped amount. In priority development zones, companies producing over 100,000 fossil-fuel vehicles or 10,000 electric vehicles will be eligible for land cost reimbursement. These benefits complement existing customs and tax incentives granted under multiple legislations, including those governing customs duties, special economic zones, SMEs, VAT, property tax, and investment. Exporting companies may also benefit, as incentives are calculated based on total production, regardless of market destination. Additional bonuses will be awarded to firms that exceed programme targets. The new incentive calculation methodology, including examples, was explained during the meeting. Minister of Investment and Foreign Trade Hassan El-Khatib reiterated that the revised programme aims to establish a genuine automotive manufacturing base in Egypt. He pointed to the country's competitive advantages and said the amendments reflect the government's ambition to scale up both vehicle and component production. The Deputy Minister of Finance clarified that the incentives would be applied through a tax and customs offset mechanism, allowing manufacturers to use earned entitlements to settle dues, thereby streamlining the process. Some component producers called for strengthening the local supply chain—particularly for steel and panel materials used in car bodies—to reduce reliance on imports. In response, Al-Wazir directed that all producers of these materials be invited free of charge to a reverse exhibition to be held alongside the upcoming Industry and Transport Exhibition, which will link automakers with raw material suppliers to spur the growth of Egypt's automotive and electric vehicle sectors. Several vehicle manufacturers raised concerns about the need to ensure fair competition between locally assembled electric vehicles—which face import duties on components—and fully built electric vehicles that enter tariff-free. They also called for a reassessment of customs duties on production inputs. It was confirmed that these matters will be studied by the Ministries of Investment, Foreign Trade, and Finance to support local industry, particularly electric vehicle manufacturers.
Daily News Egypt
07-07-2025
- Automotive
- Daily News Egypt
Egypt urges auto manufacturers to boost local value-added under revised industry programme
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held on Monday an extensive meeting with automotive manufacturers operating in Egypt to review recent amendments to the National Automotive Industry Development Programme (AIDP). Attending the meeting were the Minister of Investment and Foreign Trade, senior officials from the Ministry of Finance—including the Deputy Minister for Tax Policies—the heads of the Egyptian Tax and Customs Authorities, and members of the programme's technical committee, alongside representatives from the Ministries of Industry, Investment, Foreign Trade, and Finance. Opening the meeting, Al-Wazir stressed that the updated programme is designed to provide meaningful incentives to manufacturers and ensure long-term sustainability by adopting a practical and realistic approach. He emphasised the need to enhance local manufacturing to scale up production and fully utilise existing industrial capacities and resources. The amendments were approved by the Ministerial Group for Industrial Development and the Supreme Council for the Automotive Industry, chaired by the Prime Minister, and were subsequently ratified by the Cabinet. Al-Wazir affirmed the state's readiness to support automakers in developing this strategic sector for mutual benefit. He also announced the conclusion of the transitional period on 30 June and instructed the Ministry of Finance to start disbursing entitlements to companies registered under the programme. The revised AIDP officially took effect on 1 July. The meeting reviewed the criteria for joining the updated incentive scheme, including increasing local value-added, expanding production volumes, attracting new investments, meeting environmental standards, and supporting development in priority regions. To qualify, manufacturers must produce at least 10,000 fossil-fuel vehicles annually, with a minimum of 5,000 units per model and local content starting at 20%, subject to biennial review. For electric vehicles, initial production must be at least 1,000 units, increasing to 7,000 by the end of the programme, with a starting local content of 10%, reviewed annually. Electric vehicles will receive 50% of the incentives linked to value-added and production volume and full incentives for new investment and environmental compliance. The maximum eligible car price is EGP 1.25m, with an engine size limit of 1600cc. Incentives are capped at 30% of the ex-factory price, up to EGP 150,000 per vehicle. Gas-powered vehicles must receive environmental compliance certification from an entity affiliated with the Ministry of Petroleum. To count as local content, at least 25% of the value must derive from genuine manufacturing or locally sourced components—not mere assembly. Both production and local content targets will rise over the programme's seven-year span. Incentives will be partially reduced if targets are missed, while manufacturers exceeding 35% local content will receive an additional EGP 5,000 for every 1% increase, beyond the capped amount. In priority development zones, companies producing over 100,000 fossil-fuel vehicles or 10,000 electric vehicles will be eligible for land cost reimbursement. These benefits complement existing customs and tax incentives granted under multiple legislations, including those governing customs duties, special economic zones, SMEs, VAT, property tax, and investment. Exporting companies may also benefit, as incentives are calculated based on total production, regardless of market destination. Additional bonuses will be awarded to firms that exceed programme targets. The new incentive calculation methodology, including examples, was explained during the meeting. Minister of Investment and Foreign Trade Hassan El-Khatib reiterated that the revised programme aims to establish a genuine automotive manufacturing base in Egypt. He pointed to the country's competitive advantages and said the amendments reflect the government's ambition to scale up both vehicle and component production. The Deputy Minister of Finance clarified that the incentives would be applied through a tax and customs offset mechanism, allowing manufacturers to use earned entitlements to settle dues, thereby streamlining the process. Some component producers called for strengthening the local supply chain—particularly for steel and panel materials used in car bodies—to reduce reliance on imports. In response, Al-Wazir directed that all producers of these materials be invited free of charge to a reverse exhibition to be held alongside the upcoming Industry and Transport Exhibition, which will link automakers with raw material suppliers to spur the growth of Egypt's automotive and electric vehicle sectors. Several vehicle manufacturers raised concerns about the need to ensure fair competition between locally assembled electric vehicles—which face import duties on components—and fully built electric vehicles that enter tariff-free. They also called for a reassessment of customs duties on production inputs. It was confirmed that these matters will be studied by the Ministries of Investment, Foreign Trade, and Finance to support local industry, particularly electric vehicle manufacturers.
Techday NZ
12-06-2025
- Business
- Techday NZ
Adeptia unveils AIDP to boost enterprise document automation
Adeptia has introduced AIDP, an AI-driven Intelligent Document Processing solution designed for enterprises operating in highly regulated sectors across cloud, on-premises, and hybrid environments. The new AIDP offering is centred on helping business users to automatically extract insights from unstructured documents, such as invoices, purchase orders, and loan applications, using advanced technologies including machine learning (ML) and Natural Language Processing (NLP). Adeptia states that the solution can interpret a range of document types, even those with complex layouts and handwritten content, across large, multi-page files. Automation and accuracy Adeptia's leadership highlights that while Optical Character Recognition (OCR) has traditionally been the core approach for digitising paper and physical documents, the evolving needs of enterprises demand solutions that can also interpret the meaning and contextual information within documents. OCR alone, the company notes, is not sufficient for modern requirements. "Traditional OCR, while a good starting point, often falls short in delivering the end-to-end automation and data accuracy that modern enterprises require," said Charles Nardi, Chief Executive Officer, Adeptia. "Adeptia AIDP offers a powerful business case built on demonstrable ROI, including significant cost reduction, enhanced operational efficiency, superior data accuracy and quality, and actionable insights that lead to a competitive advantage through intelligent automation." Adeptia has designed AIDP to extract information and facilitate its integration into existing business applications and proprietary systems, which is crucial for organisations that rely on robust internal records management. The company says this feature enables the seamless transition of unstructured data into formats more suitable for analysis and integration. Features and integration The AIDP platform is built on several AI-driven capabilities. These include generative AI for document processing, high levels of data extraction accuracy, advanced validation and enrichment of extracted data, and integration with enterprise workflows through AI-based data mapping and business rules engines. In addition to these, AIDP handles large documents and complex variations, while also enabling human oversight for data verification where necessary. The 'humans-in-the-loop' element allows end-users to intervene, review, or validate extracted information in a structured format before that data is processed or moved into business systems. This is paired with AI-based rules that help ensure the accuracy and quality of the information at the point of extraction. Enterprise demands Adeptia describes AIDP as suitable for deploying in cloud-first organisations as well as in more traditional on-premises or hybrid scenarios, which is particularly relevant for regulated sectors with unique compliance requirements. According to its announcement, AIDP's data extraction not only digitises content but is designed to reveal previously hidden insights within business documents. This may help users leverage data more effectively and quickly, often reducing the time from extraction to action to mere minutes. Features highlighted by Adeptia for AIDP include seamless integration support, accelerated document-driven workflows, and the capability to support both automated and manual review processes, all while maintaining high data quality standards. Charles Nardi echoed the focus on return on investment as well as reliability, stating the new solution provides "superior data accuracy and quality, and actionable insights that lead to a competitive advantage through intelligent automation." Adeptia says it will continue to support enterprise integration needs with tools to handle first-mile data at scale, aiming to help organisations improve operational efficiency and realise cost savings through automation and AI-driven processing.
Time of India
05-05-2025
- Health
- Time of India
Nagpur Student Overcomes Medical Challenge to Excel in Class 12 Boards
Nagpur: Siddhi Swami Janagama , a commerce student from Nagpur, displayed remarkable courage and determination by scoring 69% in HSC exams, despite battling a rare neurological disorder . She also secured distinctions in two subjects — Organisation of Commerce and Management (OCM) and Information Technology (IT). Earlier this year, Siddhi was diagnosed with Acute Inflammatory Demyelinating Polyradiculoneuropathy (AIDP), a rare condition that severely impacted her ability to walk, hold objects, or write. She was admitted to the Government Medical College (GMC) and underwent intensive care and neurological evaluation from November to January. Despite her deteriorating health, Siddhi remained determined to appear for her board exams. Acknowledging her condition, the school arranged a writer for Siddhi and extended continuous moral support. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Website Builder — Create a Website in Minutes — Shopify Shopify Get Offer Undo "One injection used to cost ₹25,000–30,000. We couldn't afford the treatment. Just when we were about to lose hope, help started pouring in. People who knew us stepped forward to support us," her father, who works at a temple, said. He added that his wife, who works as a cook, received immense support from her colleagues. "We got tremendous support from Siddhi's teachers and neighbours during the difficult time," he added. With dreams of becoming a banker, Siddhi's story is one of perseverance , community support, and unshakable willpower.
Zawya
01-03-2025
- Automotive
- Zawya
Ezz Elsewedy Automotive Factories launches $50mln Proton car assembly plant in Egypt
Ezz Elsewedy Automotive Factories (ESAF), a joint venture between Ezz Elarab and Elsewedy Capital, is advancing its automotive manufacturing complex project in 6th October Industrial Zone. In the first quarter of 2025, ESAF commenced assembly of the Proton Saga, a model by Malaysian automaker Proton, in the 70,000 square metre complex, confirmed Hisham Ezz Alarab, Chairman of Ezz Elarab Group. The $50 million assembly facility, one of the three planned in the complex, has an annual production capacity of up to 40,000 vehicles. Ezz Alarab stated that Proton Saga vehicles will be sold domestically and exported to seven African countries. He disclosed that ESAF also plans to establish a spare parts plant within 18 months. The third plant is expected to be a paint shop. In the long term, the company plans to expand into electric vehicle (EV) production and components, he said, adding that 80,000 cars will be assembled annually in the complex. Li Chunrong, CEO of Proton, highlighted Egypt's potential as a gateway to Africa and the Middle East 'For this reason, we are targeting the production of 5,000 Proton Saga CKD units in 2025, aligning with our long-term vision to make exports a key pillar of our growth strategy,' he said. ESAF CEO Amr Abu El Saud said the company is eyeing to serve local and global brands through contract manufacturing and assembly. Bassem Ashmawy, General Manager of Proton Egypt, noted that Proton Saga assembly represents a new milestone in Proton's 20-year partnership with Ezz Elarab, which has brought over 18,000 vehicles of the automaker to the Egyptian market. In November 2024, ESAF had signed a framework agreement with the Egyptian government under the Automotive Industry Development Programme (AIDP) to assemble Proton cars in Egypt. The AIDP aims to localise automotive manufacturing and position Egypt as an export hub for Africa. (Writing by Marwa Abo Almajd; Editing by Anoop Menon)
