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GTRI warns of India becoming an 'EV colony' for China
GTRI urged the government not to rush into providing significant incentives, warning that doing so could increase India's reliance on Chinese imports. Read more
India targets key sectors to reduce import dependence under IPEF
The sectors under scrutiny include chemicals, automobiles, pharmaceuticals, advanced technology, electronics, and critical minerals, all deemed vital for national security and economic resilience.Read more
Go Zero Lubrication: Igus’ clean revolution with lubrication-free plastics
With $990 billion spent on lubrication per year worldwide, igus, at Hannover Messe 2024, demonstrated who can do without lubricants immediately and the role AI plays.Read more
Global geared products market anticipates slowdown; India to prop up revenue
Interact Analysis forecasts a revenue decline of 1.9 per cent for the global geared motors and industrial gears market in 2024. It is expected that Indian and Southeast Asian markets will prop up revenue growth of geared products in APAC over the next couple of years. Read more
Gujarat's IT/ITeS sector gears up for transformative growth and global collaboration
In the fiscal year 2021-22, Gujarat achieved a remarkable 14% annual growth in IT/ITeS exports. As part of its strategic plan, the state aims to boost these exports to Rs 25,000 crore over the next five years.Read more
Skanda Aerospace launches cutting-edge aerospace gear facility in Hyderabad
This collaborative venture, involving Hyderabad-based aerospace and defence component manufacturer Raghu Vamsi Machine Tools and the US Company Rave Gears, has invested Rs 75 crore in its initial phase.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
Flender reinvents itself at Hannover Messe 2023
Flender introduced Flender One gearbox to revolutionise the market. With Flender One, customers will receive a gear unit solution that is precisely tailored to their application and preventing waste while utilising the smallest drive concept possibleRead more
Blue Energy Motors shifts gears with 100th LNG Truck rollout
Blue Energy Motors rolled out its 100th truck from its smart manufacturing facility in Pune. The company’s LNG trucks are sustainable and emit lesser greenhouse gases. Read more
Hannover Messe 2023 presents digital, sustainable future
With about 4,000 companies (from 63 countries) and 1,100 conference presentations, Hannover Messe 2023 (HM23) showcased innovative manufacturing solutions for a digital, connected, sustainable industry. Over 130,000 visitors had first-hand experience of some of the futuristic technologies that were on the display at the trade fair, says Rakesh RaoRead more