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EaseMyTrip enters into electric bus manufacturing with YoloBus
The company plans to invest Rs 2 billion over the next 2-3 years in research and development, product development, and the establishment of a manufacturing plant.Read more
Nearly 2,000 drug manufacturing plants overdue for FDA inspections post-COVID
These overdue inspections affect about 42% of the 4,700 registered drug manufacturing plants that were reviewed by the FDA before May 2019.Read more
Trilliant Networks to set up manufacturing and development center in Tamil Nadu
Nike, which already operates in Tamil Nadu through its contract manufacturers employing around 28,000 people, also has sourcing operations in the state.Read more
DAC approves Rs 1.45 trillion defence orders; to boost PSUs
In FY24, the government granted Acceptance of Necessity (AoN) to proposals totalling approximately Rs 3.61 trillion under various capital procurement categories, aligning with the Defence Acquisition Procedure (DAP) 2020 to promote domestic manufacturing.Read more
Government to launch FAME III scheme within two months
Domestic sales for three-wheelers reached 59,073 units in July 2024, marking a 5.1% year-on-year increase, while two-wheeler sales surged to 1.44 million units, reflecting a 12.5% growth. Read more
Sunkind to establish 1.5 GW solar module manufacturing plant by April 2025
The project is expected to generate employment for over 500 people, aligning with the goals of ‘Viksit Rajasthan’ and ‘Viksit Bharat’ by 2047.Read more
Interarch Building Products invests Rs 950 million+ in PEB manufacturing plant
The plant will add 60,000 MT per annum over 2 phases, increasing the overall capacity to 200,000 MT per annum.Read more
Welspun approves $100 million investment to boost US pipe manufacturing
The upgrade is designed to expand Welspun Pipes' product offerings, allowing for the production of larger pipe sizes up to 24 inches in outside diameter and 0.750 inches in wall thickness.Read more
Over 1,300 units operational under PLI scheme; to generate jobs
Preliminary calculations suggest that the production of Rs 10 trillion under the PLI scheme should translate to incentives worth Rs 500 billion.Read more
Indian Battery Manufacturers Association elects Preeti Bajaj as President
IBMA also elected Rajesh Jindal, President & Chief Marketing Officer, Amara Raja Energy & Mobility Ltd., as the new Vice President of IBMA. Read more