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Govt adds 101 items to list of defence equipment to be procured locally
As per preliminary estimates, more than Rs 175,000 crore worth orders would be placed on Indian industry in the next 5-10 years. Fourth Positive Indigenisation List, released during Def Expo 2022, includes 101 defence items such as highly complex systems, sensors, weapons, ammunitions, etc.Read more
Waaree Energies raises Rs 1000 crores from private funding
The proceeds will be used for expansion plans of the company to increase its manufacturing capabilities in India from 2GW to 9GW for solar PV modules, of which 5GW is operational and the balance 4GW is expected to be operational by January 2023.Read more
Seven material handling equipment trends to watch out
The development of more environmentally-friendly machines that reduce energy consumption and increase efficiency will be a key driver of innovation, says a Freedonia Group report.Read more
Is this good news for the Indian auto industry?
It appears that the Indian auto industry has deftly handled the covid related adversities, and has come out a winner. It remains to be seen how this will be continued into the future years, says R Jayaraman.Read more
Govt approves additional Rs 19,500 cr for PLI scheme for solar PV modules
The Government expects the scheme to bring direct investment of around Rs 94,000 crore and help in import substitution of approximately Rs 1.37 trillion.Read more
Vedanta-Foxconn JV to set up Rs 1.5 trn semiconductor plant in Gujarat
The proposed semiconductor manufacturing fab unit will operate on the 28nm technology nodes and the display manufacturing unit will produce Generation 8 displays catering to small, medium and large applications.Read more
KEC International bags orders worth Rs 1,108 cr
The company's railways business has secured its maiden order in the Train Collision Avoidance System (TCAS) segment under ‘Kavach,’ which aims to enhance safety of Indian Railways with world class technology.Read more
"LAPP India aims to become an Rs 1,700 crore firm in next 5 years"
LAPP is known to be the pioneer in power and control cables manufacturing in India. The brand ÖLFLEX is synonymous with power and control cables. LAPP is also a market leader in cable and connection solutions for end-to-end industrial products across a range of industries such as F&B, oil and gas, automation, textiles and machine tools.Read more
Brilliant Polymers invests Rs 100 crore for capacity expansion
With the new capacity, the company expects to increase its share in the global solvent-based and solvent-free laminating adhesives market to over 5% from the present 2.5-2.7%Read more
"We can grow 10X in the next 3 years"
Koremec Group comprises of Autosys Engineering, Autosys Control Systems, Autosys Products and Kore Mechatronics. The group does turn-key industrial automation projects. Over three decades, the core team has executed more than 500 projects - from material handling and conveying systems (mechanical intensive) to water and waste water projects (instrumentation intensive), from large scale 5000+ IOs PLC systems to robotics, IoT and cloud based software projects. Koremec has one of the most experiencRead more