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Global machine tools major TRUMPF expands in India with a new Pune facility
The plant will start with TruBend 1000 series bending machines, followed by the TruLaser 1000 laser cutting machine series by 2025. "Local presence gives us the opportunity to develop tailor-made solutions for the Indian market and to exploit global synergies,” said Till Kueppers, COO at TRUMPF Machine Tools.Read more
Airbus expands MII commitment with Tata, Mahindra agreements at Wings India 2024
Under these contracts, TASL and Mahindra Aerostructures will produce metallic detail parts, components, and assemblies for Airbus' A320neo, A330neo, and A350 programs.Read more
Aequs clinches Best Ecosystem Accelerator award at Wings India 2024
Named joint winner with Airbus in the category that recognises companies excelling in developing and nurturing Aerospace Manufacturing Ecosystems in the country.Read more
Schneider Electric showcases innovative Electricity 4.0 solutions at DistribuElec 2024
Schneider Electric urges energy leaders to prioritise the development and deployment of smart electricity grids. The company advocates fostering sustainability in the power systems value chain.Read more
DFI presents latest innovations alongside partner Dynalog at Embedded Tech India Expo 2024
This flagship event is co-located with India’s largest tech and infra expo, the Convergence India Expo.Read more
Maharashtra secures investment MoUs worth $ 44 billion at WEF 2024
At World Economic Forum (WEF) 2024, the state was able to attract a total investment of Rs 4.5 lakh crore, with a potential to create about 2 lakh jobs in various sectors including electronics, IT/ITeS, data centers, gems & jewellery, agriculture, auto and renewables.Read more
Dana India recognised as the Top Employer in 2024
The company was recognised by the Top Employers Institute for excellence in people strategy and workplace dynamics, learning, and diversity amongst other factors.Read more
Carl Zeiss India redefines manufacturing standards at IMTEX Forming 2024
ZEISS’ Industrial Quality Solutions (IQS) division will empower Make in India with direct access to high-end metrology solutionsRead more
Ministry targets July 2024 for certification of 85 Applicants in automotive PLI scheme
The Ministry of Heavy Industries (MHI) plans to initiate the disbursement of incentives under the scheme in the financial year 2025.Read more
EY forecasts extension of 15% corporate tax rate in 2024 budget
EY predicts that the interim Budget may push back the deadline for commencing manufacturing from March 31, 2024, to March 31, 2025, for companies benefiting from the 15% concessional income tax rate.Read more