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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

Tiruchi MSME fabrication crisis demands urgent government intervention

Tiruchi, once renowned as a premier fabrication hub in South Asia, owed much of its reputation to the welding expertise cultivated through collaboration with BHEL.Read more

Olectra Greentech doubles electric bus production, eyes 9,000 orders

Olectra Greentech aims to broaden its product portfolio by venturing into the manufacturing of electric tippers.Read more

Tabreed to invest $200 mn in Cooling Infra partnership with Telangana govt

The state government also signed a MoU with Tabreed to explore district cooling infrastructure in existing and upcoming commercial districts of Cyberabad near here and other mixed use development areas.Read more

Indian govt removes mandatory human safety tests for EV Batteries

According to the latest guidelines issued by the Ministry of Heavy Industries, adherence to the prevailing EV battery testing standards established by MoRTH is now the sole requirement for availing incentives.Read more

PFC provides Rs 1,229 Cr loan for Assam methanol and formalin plants

The Power Finance Corporation (PFC), a government-owned entity, entered into an agreement to extend a term loan of Rs 1,229 crore to Assam Petrochemicals. The loan agreement between PFC and Assam Petrochemicals Ltd (APL) was formalized on September 4, 2023.Read more

GeM to implement penal interest for delayed payments by govt departments

Provision to enable public procurement portal GeM to impose penal interest for making delayed payments to vendors by ministries and dpts will be fully operational from Sept end, a senior official said.Read more

ICRA Reports: Regulatory changes may raise commercial vehicle prices by 10-12%

ICRA emphasized that the commercial vehicle (CV) sector within the Indian automotive industry is of particular concern, as it contributes significantly to vehicular emissions in the country.Read more

UK consortium launches I-Break Project for aerospace innovation

Under the aegis of the Aerospace Technology Institute (ATI) Programme, I-Break receives funding as part of a broader United Kingdom government initiative, with £218 million earmarked for pioneering research and development endeavours in the aerospace sector.Read more

HP pursues Indian PC manufacturing growth through PLI 2.0

To bolster PLI 2.0, the government has implemented restrictions on the import of IT hardware, requiring OEMs to apply for licenses before importing.Read more

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