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EKA Mobility secures $100 mn Investment for EV Manufacturing in India

Under the agreement, Mitsui and VDL will jointly invest approximately Rs 830 crore in EKA Mobility, acquiring 'significant' minority stakes. The funds will be allocated to expand research and development efforts and increase manufacturing capabilities.Read more

Sembcorp forges green ammonia partnership with Japanese firms to advance RE goals

Sembcorp Green Hydrogen Pte, in partnership with Japanese conglomerate Sojitz Corp and energy major Kyushu Electric Power, has formalised a memorandum of understanding to explore potential opportunities for green ammonia production.Read more

India's MedTech Sector booms with $464 mn foreign investment surge in 2023

Pavan Choudary, MedTech, Medical Technology Association of India, National Medical Device PolicyRead more

Toys ‘R’ Us accelerates India expansion with local manufacturing plans

Toys ‘R’ Us, the global toy retailer, is set to commence private label manufacturing in India by the middle of next year as part of an aggressive expansion strategy, aiming to position India among its top five markets.Read more

Maruti Suzuki's Gujarat plant hits 3 mn production milestone, fastest in firm’s history

Maruti's board of directors recently granted approval for the acquisition of SMG from SMC, with a total purchase consideration amounting to Rs 12,841.1 crore. As a result, the largest carmaker in the country now holds ownership of SMG.Read more

India explores global partnerships for indigenous hydrogen-powered trains

The Indian Railways is advancing the creation of a prototype train utilising hydrogen fuel cells, offering a more eco-friendly alternative to traditional diesel locomotives.Read more

Solar pump growth soars with a CAGR of 6.8% till 2027

Recently, Allied Market Research published a report on Solar Water Pump Systems Market which shows that the agriculture segment was the highest contributor to the growing solar pump market with a CAGR of 7.2 per cent during 2020 to 2027.Read more

China imposes export permits on graphite amid global supply chain concerns

This move is part of China's strategy to regulate the supply of critical minerals, particularly in the face of challenges to its manufacturing dominance.Read more

PDG welcomes Indian Pharmacopoeia Commission as a member

Indian Pharmacopoeia Commission (IPC) officially joined as a member in the Pharmacopoeial Discussion Group (PDG) at the PDG?s Annual Meeting which was held on October 3-4, 2023 in Hyderabad. The World Health Organisation (WHO) also continues to serve as oRead more

What does the global competitive landscape look like for mobile geared products?

Affected by the stagnant off-highway vehicle market in China, the global market for geared products used in mobile applications was estimated to grow marginally by 0.6% to $11.2 billion in 2022.Read more

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