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IMTMA to host FACTEQ exhibition for factory equipment in May 2024
FACTEQ 2024 - co-located with Pune Machine Tool Expo - would bring the entire range of factory equipment required to design, build, maintain and upgrade factories, under one single roof.Read more
Volvo to phase out diesel models by early 2024 in pursuit of electrification by 2030
Although a significant proportion of Volvo's European sales comprised diesel vehicles as recently as 2019, this figure dropped to a mere 8.9% of the company's sales in 2022.Read more
Central govt commits to sustaining capital spending despite fiscal deficit concerns
The official emphasised that the Central government's objective is to encourage departments to accelerate capital expenditure (capex) in the current fiscal year to support economic growth.Read more
Tamil Nadu gears up for Global Investors Meet 2024, focuses innovation, job creation
Global Investors Meet (GIM) scheduled to take place in Chennai in January 2024. In November 2022, the Tamil Nadu Smart and Advanced Manufacturing (TANSAM) was inaugurated, established by TIDCO in partnership with Siemens. Read more
CRISIL forecasts a 35% surge in road and renewable energy investments by 2024
The report highlights that favourable policies, escalating investor interest, and effective project implementation will contribute to this capital outlay expansion in these sectors.Read more
MOLDEX, FASTNEX to get launch at IMTEX Forming 2024
In a strategic partnership Indian Machine Tool Manufacturers’ Association (IMTMA) and Landesmesse Stuttgart signed an MoU to organise the Moulding Expo, MOLDEX India and fastening and fixing sector trade show, FASTNEX at IMTEX Forming in January 2024.Read more
Frost & Sullivan: Global industrial robotics market to $38.3 bn in 2024
Despite COVID 19 pandemic and uncertainty in the automotive business, robotics market to growth at 12.2% CAGR during 2020-2024 period, driven mainly by pharmaceuticals, food & beverage (F&B) and electrical & electronics sectors, says Frost & Sullivan.Read more
IEEMA aims for $ 25 bn electrical & electronics exports by 2024-25: R K Chugh
After June 15, 2020, the Government took many steps to curb imports of electrical and electronics (E&E) products from China into India. In this interview with Rakesh Rao, R K Chugh, President of IEEMA, explains the benefits of these steps and road ahead for the industry.Read more