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Carl Zeiss AG launches first global capability centre in India
Currently employing 2,500 people in India, Carl Zeiss aims to expand its workforce to 5,000 over the next three years, with plans to double its highly skilled engineering team from 600 to 1,200 by 2027. Read more
Flender India to expand investments in domestic market
Approximately 10% of Flender Group’s 9,000 global employees are based in India. Read more
Dixon partners with Nokia to manufacture fixed broadband devices in India
This partnership is expected to generate around 3,000 new jobs and significantly boost local manufacturing. Read more
Taiwan to permit 1,000 Indian workers for manufacturing sector
This policy will initially focus on manufacturing, with officials set to meet online every two months.Read more
L&T expands aerospace focus amid India’s $44 billion space market boom
The first launch of a privately built PSLV is expected in early 2025, with each rocket costing approximately Rs 2 billion.Read more
52% Indians open to adopt solar if incentivised with easy financing: Luminous
However, the price sensitive population finds cost as a major challenge in adopting rooftop solar with 92% finding installation costs a barrier.Read more
LAPP India appoints Sumit Mitra as Managing Director
Based in Bangalore, Sumit will report to CEO of LAPP Asia Pacific.Read more
INOX to set up mini LNG terminal for Island Power Producers in the Bahamas
The contract would include the supply of 10 vacuum insulated storage tanks of 1500m3 capacity and a regasification system. Read more
France’s Exxelia acquires 70% stake in Indian magnetic component maker SVM
With this with strategic investment in SVM, Exxelia expands footprint in India and enhances its magnetics offering for medical and adds busbars to its power electronics passive components portfolio.Read more
Bridgestone to invest $85 million for premium car tyre production in India
Recent trends in the market have produced an outlook of stable economic development and growth in the number of automotives both owned and produced. Read more