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ICEMA annual industry results for FY 2022-23 shows 26 per cent YoY growth
Indian Construction Equipment Manufacturers' Association (ICEMA) released its industry result for the FY 2022-23. The results shows construction equipment sales grew 26 per cent to cross 1 lakh mark with 28.5 per cent growth in domestic sales YoY, and 3 per cent growth in exports.Read more
HM23: Engineering green growth
HM23: Engineering green growthRead more
Global manufacturing growth to slow down, CAGR of 3% to 2027
A report by market intelligence authority, Interact Analysis says that the manufacturing decline is now expected in 2024 rather than 2026. The Americas enjoyed a strong year for manufacturing growth in 2022, but labour shortages continue to hamper US manufacturers whereas the Chinese manufacturing economy gets back on its feet after a turbulent periodRead more
Festo continues on course for growth and innovation
The Festo Group achieved double-digit growth for another year in a row with a rise in sales by 13.4 per cent to €3.81 billion in 2022 (previous year €3.36 billion). Innovative automation is the enabler for the industrial transformation towards renewable energies, sustainable production, hydrogen and circular economy.Read more
India: The beacon of growth
India’s exports - estimated at $ 767 billion - for FY 2022-23 recorded a rise of 14.5 per cent over FY22’s $ 669.65 billion.Read more
ETO Motors foresee 10 times growth in charging infra solutions in coming months
The company born in 2018 with the aim to provide all-electric mobility ecosystem for passenger and logistics vehicles is now a market leader as electric mobility solution provider. ETO Motors is looking to develop and maintain greater heights in coming months, tells Pavan Chavali, Managing Director, ETO Motors. In this interview Pavan Chavali shares more about ETO Motors, its growth plans and electric three-wheeler (E3W) start ups. Read more
The Indian tooling industry is in a high growth phase
In this interview, Devaraya Sheregar, President, Tool & Gauge Manufacturers Association of India (TAGMA India) & MD, Devu Tools Pvt Ltd, highlights new opportunities for Indian toolmakers in automotive industry along with emerging sectors and future prospects.Read more
In a step to explosive growth plans, TSAW Drones to hire 350+ employees in 2023
The drone technology startup TSAW is looking to hire drone pilots, designers & technicians, operation heads and others as per its announcement to hire more than 350 employees in 2023. The company is looking to expand its operations in six new geographies. Read more
Indian Cement Review Touts Decarbonisation Mantra & Awards Growth
Leaders of Indian cement industry brought together on single platformRead more
India will play key role in propelling ABB’s future growth
In this interview with Rakesh Rao, Kiran Dutt, President – Electrification, ABB India, highlights the importance of India for ABB and emerging opportunities for his division.Read more