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Sundram Fasteners signs MoU with Tamil Nadu govt for Rs 1,411 cr investment
The planned investment spans up to 2027–2028 and will be used for capacity expansion of existing products, including components for electric vehicles.Read more
TN secures $4.39 bn investments from Apple, Hyundai, and more
Key deals signed include a $1.4 billion investment by JSW Energy in renewable energy projects, a $1.5 billion investment by Tata Electronics in mobile phone assembly operations, and a nearly $125 million investment by Nike shoemaker Hong Fu.Read more
Boeing to invest Rs 300 cr in Chennai Engineering Center, creates over 1,100 jobs
The formal announcement of this investment, facilitated through a Memorandum of Understanding (MoU), is expected to take place during the upcoming two-day Global Investors’ Meet in Chennai.Read more
ArcelorMittal, IIT Madras forge partnership for Asia's first hyperloop test track
Both ArcelorMittal and ArcelorMittal Nippon Steel India (AM/NS) are contributing foundational steel materials, along with their engineering, design, and project management expertise to facilitate the development of the Hyperloop test track.Read more
Coimbatore secures Rs 7,814 cr investments as industries minister seals MOUs
More than 210 companies have expressed interest in investing approximately Rs 6,573 crore in Coimbatore in the upcoming years.Read more
Cyclone Michaung paralyzes Chennai: Major industries. IT hubs grapple with floods
The production at six prominent auto component units, including Lucas TVS, Wheels India, Sundram Fasteners, Sundaram Clayton, and Brakes India, faced disruptions for the third consecutive day.Read more
JSW Group enters JV with SAIC Motor for EV manufacturing in India
The newly established entity, in which JSW Group will hold a 35% stake. The remaining ownership distribution is yet to be finalised.Read more
Swedish Robotics Firm RSP to launch manufacturing in Chennai
The Indian subsidiary, named Scandinavian Robot Systems India Private Limited, has been officially registered in Chennai.Read more
IOCL proposes doubling LNG Capacity at Ennore Terminal to meet growing demand
Currently, the terminal has a processing and storage capacity of 5 million metric tonnes per annum (MMTPA) of LNG.Read more
SMEs should leverage user-friendly tech like cobots to propel their business”
An industry pioneer since 30 years, Anuj Bihani, Director of Alstrut India Pvt Ltd, has been a catalyst for many companies in introducing numerous technologies to them. Alstrut is focused on providing automation solution to various industries in manufacturing sector. In a partnership with Denmark-based Universal Robot, the company has leveraged the robotics and automation for the SMEs and other manufactures in India. In this interview with Ayushi Khandelwal, he shares insights on the importance Read more