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Garuda Aerospace soars: Pioneering India's drone revolution
The company is gearing up for a pre-IPO funding round in 2024, targeting a substantial investment of $40-50 million with having recently secured $22 million in funding and enlisted cricketer MS Dhoni as its ambassador.Read more
Rajendra Rajamane and Mohini Kelkar to lead IMTMA for 2023 - 2024
Rajendra S Rajamane, Managing Director, Rajamane Industries Private Limited was elected as the President of IMTMA for the year 2023 - 2024.Read more
Honor to commence manufacturing in India by 2024
HTech is actively engaging with three contract manufacturers in India and aims to commence local manufacturing of Honor smartphones by the first quarter of 2024.Read more
Auto component sector forecasts moderate growth in FY 2024
Small and medium enterprises (SMEs) in the auto component sector are anticipating a more moderate 8-10% growth in the fiscal year 2024.Read more
Electronica India, productronica India shine spotlight on Indian electronics industry
Trade fairs electronica India and productronica India, held from September 13 to 15, 2023, witnessed 39,133 visitors and over 1,800 buyer-seller meetings. Events shaped the future of electronics manufacturing with special focus on emerging segments such as semiconductor manufacturing, display manufacturing and electric vehicles.Read more
MOLDEX, FASTNEX India 2024 shapes future of moulding, fastener excellence
Messe Stuttgart India unveil MOLDEX India 2024 and FASTNEX India 2024, from January 19 to 22, 2024 at the Bangalore International Exhibition Centre (BIEC). It co-locates with IMTEX Forming, Tooltech, Digital Manufacturing, and WELDEXPO 2024.Read more
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