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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
Indo-Built aiding India’s economic growth with novel storage solutions
The brand has a strong hold in almost all manufacturing sectors, retail, e-commerce and outsourced warehousing for their material handling applications since the last 35 years.Read more
The changing dynamics of material handling market
In spite of robust industry growth, number of modern material handling equipment (MHE) sold in India (especially the modern equipment) are very small compared to developed countries. This presents huge opportunities for MHE makers who can provide cost-effective, high-quality innovative solutions to the end-user industries, says Rakesh Rao. Read more
Madhya Pradesh: The story of incredible growth
While Madhya Pradesh is home to all types of industries, defence and auto industries are expected to play major in propelling the state economy in the future. Read more
"Air pollution control equipment market is picking up pace"
The Sweden based Camfil Group offers air filters and clean air products to protect both, people as well as processes. In this interview, Shashi Shekhar, Managing Director, Camfil India Pvt Ltd, says that the growing market of air pollution control product and air filters is encouraging the company to indigenise the production for fulfil the local requirements.Read more
Energised power sector propelling transformer demand
India’s power & distribution transformer market is expected to reach $ 4.26 billion by 2030 from $ 2.14 billion in 2020. This article highlights some of the factors driving the growth of the transformer market due to changes in India's energy requirements.Read more
Crossing the $2 trn export barrier
The Government of India has set a target of tripling annual exports to $2 trillion within five years to boost economic growth, increase the contribution of manufacturing sector to GDP and create jobs for the country's youth.Read more
HAL opens cryogenic engine manufacturing facility in Bengaluru
India is the sixth country in the world to have cryogenic engine manufacturing capabilities.Read more
Bank GNPAs may touch low of 4% by FY24; MSMEs remain a concern area
Gross non-performing assets (GNPAs) of corporate segment is likely to fall below 2% next fiscal from a peak of 16% as on March 31, 2018; GNPAs of MSME (micro, small and medium enterprises) segment may rise to 10-11% by FY24 from approximately 9.3% as on March 31, 2022, says CRISIL Ratings.Read more
Is this good news for the Indian auto industry?
It appears that the Indian auto industry has deftly handled the covid related adversities, and has come out a winner. It remains to be seen how this will be continued into the future years, says R Jayaraman.Read more