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Budget 2023: The manufacturing fine print
Global commodity supply continued to be disrupted due to intensified Russia-Ukraine war and re-emergence of Covid-19 in China. Read more
Despite slowdown, global manufacturing industry grew 3.8% in 2022
According to Interact Analysis, machinery sector growth outperformed manufacturing in 2022. The US manufacturing industry performed strongly and the Americas growth rate hit 6.9% in 2022, compared to 3.3% for Asia Pacific and 2.6% for Europe.Read more
REC inks 3 strategic MoUs at MP Global Investors Summit 2023
The MP Global Investors Summit witnessed participation from more than 314 companies and catalysed three strategic MoUs signed by Rural Electrification Corporation (REC) ltd in renewable energy space.Read more
Auto Expo 2023: Presenting a sustainable perspective
Auto Expo discussed on electrification, automotive policies, thriving eco-energy, welcomes ethanol pavilion and many foreign delegates, and many more, glimpses of three main events by SIAM caught up for you.Read more
Indian auto industry discusses changing dynamics of global trade policies
SIAM organizes the Auto Trade Dialogue at Auto Expo 2023 on the fourth day, foreign delegates discuss dynamics of Global Automotive Trade Policies with Indian industrialist and policy makersRead more
Sundram Fasteners bags $ 250 mn contract from global EV maker
SFL plans to invest Rs 200 crore to support the new orders under the six-year long purchase package involving the supply of input & stator shaft sub-assemblies and drive gear sub-assemblies.Read more
BorgWarner sites celebrate two production milestones
BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, recently announced major milestones at two of its production facilitiesRead more
Ingersoll Rand reaffirms commitment to investment in India
The North Carolina (USA) headquartered Ingersoll Rand, a global leader in mission-critical flow creation and industrial technologies, has reaffirmed its commitment to invest in its Indian operations to drive increased technological innovations, hydrogen compressor manufacturing and testing, and manufacturing capacity expansion.Read more
Flender receives Gold Medal from EcoVadis
German drive manufacturer Flender announced today that it has achieved a Gold Medal from EcoVadis, the worlds’ most trusted provider of business sustainability ratings. Read more
Schneider Electric to invest Rs 300 cr to built Smart Factory in Telangana
The upcoming unit will be the company’s second factory in Telangana, serving as a harbinger of growth while strengthening resilience in supply chain operations. The first phase with 2 lakh sq ft facility area is expected to be completed in September 2023.Read more