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Anand Group to invest Rs 987 cr in Tamil Nadu for automotive manufacturing
The Group formalised this commitment by signing a Memorandum of Understanding (MoU) with the state government during the recent Tamil Nadu Global Investors Meet 2024 in Chennai.Read more
PTC Industries, Nasmyth forge strategic partnership for Global Aerospace Solutions
PTC Industries seeks to enhance its capabilities to better serve the specific requirements of Indian customers and execute projects more efficiently.Read more
Sahasra Group invests Rs 350 cr to pioneer semiconductor packaging in India
Sahasra group's Semiconductor division has achieved the milestone of being the first private Indian company to commence packaging and testing operations for NAND flash memory.Read more
Gadkari inaugurates Volvo CE's new products at EXCON 2023
The EC500 50-Ton Electric excavator showcases the futuristic all-electric road compactors, DD40 Electric and PT220 Electric developed in India, unveils the EC80 Electric and brings L120 Electric wheel loader in India for customer trials.Read more
Hindalco Industries to invest Rs 800 cr in new battery foil plant in Odisha
The new plant will augment the company's manufacturing capacity for high-quality aluminum foil, essential for rechargeable batteries, to cater to the rapidly expanding market for electric vehicles (EVs) and energy storage systems.Read more
Hindustan Aeronautics to invest Rs 2000 cr on R&D for avionics
The HAL will also showcase its rich legacy in the design, development and production of a diverse range of avionics systems at Avionics Expo 2023 in Delhi on December 7 and 8.Read more
PLI scheme: The way forward
The Rs 2.71 trillion Production-Linked Incentive (PLI) schemes, rolled out to promote the economic development of various sectors, have faced multiple implementation challenges. Bhavesh Thakkar summarises such challenges and also presents the way forward.Read more
Govt mulls Rs 12,000 cr incentive for domestic mining equipment manufacturing
A high-level committee, led by the director (technical) of Coal India (CIL), has proposed a five-year incentive program to stimulate domestic manufacturing.Read more
ABB, Titagarh forge strategic partnership for Metro Propulsion Systems in India
The agreement encompasses Titagarh purchasing ABB propulsion systems, including traction converters, auxiliary converters, traction motors, and train control management system (TCMS) software.Read more
Vedanta in talks with Innolux for display fab in India
A spokesperson from Vedanta's semiconductor and display business confirmed to PTI that discussions are underway for the establishment of a display fabrication facility.Read more
