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India aims for 40% local value addition in phone manufacturing to boost global competitiveness
S Krishnan, Secretary at the Ministry of Electronics and Information Technology (MeitY), outlined this goal during the Global Tech Summit 2023 organised by Carnegie on December 5.Read more
ENGIE commences construction of 400?MW Solar PV Project in Gujarat
ENGIE secured its position as a favoured bidder with a 25-year Power Purchase Agreement (PPA) signed with Gujarat Urja Vikas Nigam.Read more
Bonfiglioli Transmissions inaugurates 100 cr assembly facility in Pune
Spanning 42,500 square meters, the facility, which became operational on November 29, boasts advanced technology and real-time smart assembly processes within an environmentally sustainable and employee-friendly setting.Read more
Siemens to invest Rs 416 crore for expanding manufacturing capacity in India
The company will expand manufacturing capacity of power transformers and vacuum interrupters for medium voltage switchgear. Siemens Ltd has also registered 21% increase in revenue and 53% increase in PAT in FY 2023 (October 2022 to September 2023).Read more
Welspun Group's Rs 479.5 cr PVC project gets green light for construction
This venture aims to manufacture a range of products including CPVC, UPVC, SWR, agri-pipes, PVC fittings, and plastic tanks.Read more
Towards building a sustainable economy with the ‘Triple Supply Chain’
The increased consciousness of corporate management of the harm done due to unbridled, uncontrolled growth has now put the brakes on waste and inefficiency. Overall, the sustainability movement has led to significant new developments in the handling of supply chains, as well as processes, says R Jayaraman.Read more
Renew Power plans Rs 44,000 cr investment for 9 GW capacities by FY26
Currently possessing an installed capacity of 9.5 GW, the company plans to invest in both wind and solar projects.Read more
Continental ramps up manufacturing in India for connected vehicle technologies
Germany’s Continental expands local production capacities for connectivity and body electronics in tune with growing demand in the country, paving the way for future growth. It is also incorporating smart manufacturing practices to achieve superior production standards while leveraging its skilled workforce.Read more
Aequs raises Rs 448 cr in funding round led by Singapore?s Amansa Capital
Other investors include Steadview Capital, Catamaran, Sparta Group, and other individual investors. Capital to fund entry into new Advanced Technology Products vertical and existing operations.Read more
Security routers by Phoenix Contact make OT networks secure
Phoenix contact develops mGuard series especially for the needs of OT managers which ensures that machines can be easily integrated into a production network without changing the network.Read more