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Blue Star wins Rs 1.28 billion order from Taiwan’s electronic firm Wistron

Wistron Infocomm, which has been producing electronic devices at its existing factory at Kolar (Bengaluru), has embarked upon its Phase II expansion as a part of which, it is constructing a large manufacturing block and an IT building.Read more

Government extends Emergency Line Credit Guarantee till Nov 30

The extension is expected to provide an opportunity to the borrowers who are yet to avail this scheme, thereby gaining from this scheme.Read more

2nd IPF Buyer-Seller Summit: Making MSMEs Aatmanirbhar

The 2nd Virtual Buyer-Seller Summit- saw participations from Office of Development Commissioner MSME (Ministry of MSME), NTPC Ltd, L&T Power, Rashtriya Ispat Nigam Ltd (Vizag Steel) and Nordex - educated vendors on approaching large companies to help MSME become regular suppliers, thereby improving efficiency of manufacturingRead more

Dalmia-OCL launches refractory line for Magnesia Carbon to reduce imports

Magnesia Carbon brick is widely consumed by the steel industry and most of the current demand (about 300,000 tonne annually) is met through imports. Dalmia-OCL is putting up new capacity of 108,000 tonne for Magnesia Carbon brick in 3 phases.Read more

Ramp up R&D to reduce auto component imports: Amitabh Kant

Niti Aayog CEO added that there is need for new synergies such as with IT industry in the areas of power electronics. India must look at using the first mover advantage for producing all components for electric vehicles, thus driving towards the path of being a future global leader.Read more

MoD inks Rs 2,580-cr contract with BEML, Tata Power and L&T for Pinaka missile systems

These six Pinaka Regiments comprise 114 launchers with automated gun aiming and positioning system (AGAPS) and 45 command posts to be procured from Tata Power and L&T and 330 vehicles to be procured from Bharat Earth Movers Ltd (BEML)Read more

Strong anti-China sentiment a game changer for domestic industry: A M Naik, Chairman, L&T

Addressing L&T's 75th AGM, he stressed on the need to move beyond knee-jerk responses and draw up a long-term strategy with a time-bound plan for implementation. He added that it is time for government and industry to act in unison for national cause.Read more

Japanese tyre maker Yokohama doubles production capacity in India

Yokohama, which been supplying tyres to passenger car and SUVs since 2007 in India, has commenced the second phase of commercial production raising its capacity from 0.7 mn tyres a year to 1.6 mn tyres per year in IndiaRead more

Defence Ministry’s import embargo to open up Rs 4,000 bn opportunity for domestic industry

The list of 101 embargoed items comprises of not just simple parts but also some high technology weapon systems. Of these, items worth almost Rs 1,300 bn each are anticipated for the Army and the Air Force while items worth almost Rs 1,400 bn are anticipated by the Navy. Read more

Boosting demand will be more beneficial than just monetary help: Amit Ghaisas

In this interview, Amit Ghaisas, MD, Minilec Group, focuses on the importance of quality, exports, and Aatmanirbhar Bharat initiative. He also highlights on demand drivers for control and monitoring relays and effect of COVID 19 on the industry.Read more

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