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Navitas Solar declares new manufacturing facility at REI Expo 2024
In the next phase of development, Navitas Solar plans to add an additional 600,000 square feet to the facility. Read more
Freudenberg expands with €42 million manufacturing plant in Morinda, Punjab
The facilities will cater to key sectors such as automotive and industrial manufacturing, ensuring the company remains competitive by optimising material flows and leveraging modernised equipment.Read more
India advances military and space ambitions with major orders in September
A key highlight was the Defence Acquisition Council (DAC) approving 10 capital acquisition proposals worth Rs 145 billion, including the procurement of Future-Ready Combat Vehicles (FRCVs) to enhance the Army's mobility and firepower.Read more
India's MCE industry set for 70-80% expansion in 5 years: ICRA
The MCE industry, driven by the country’s infrastructure-led growth, has already witnessed a compound annual growth rate (CAGR) of 12% over the past decade (FY2015-FY2024), reaching 136,000 unit sales in FY2024.Read more
Ansys launches high-performance computing data center in Pune
The new data centre enhances computational power for critical R&D and technical simulations, enabling innovation across sectors like aerospace, automotive, and healthcareRead more
Hitachi Energy to invest $250 million in India’s transformer production
In India, the expansion will include significant upgrades to its large power transformers factory and relocation of its bushings factory in Gujarat, alongside enhanced testing facilities for specialty transformers.Read more
Toys“R”Us India to launch locally manufactured toys by mid 2025
Local manufacturing will also enable Toys“R”Us India to optimise pricing. Read more
Exicom acquires US EV charging firm Tritium for $37 million
Tritium specialises in creating hardware and software for DC fast chargers, serving notable clients such as BP Pulse, ChargePoint, and Shell Recharge.Read more
CG Power acquires Renesas Electronics’ RF Components for $36 million
Renesas, a Japan-based leader in advanced semiconductor solutions, generated $56 million in revenue from its RF components business in 2023.Read more
Safran Group to establish defence electronics unit in India to strengthen ties
The strategic dialogue also included discussions on joint development of unmanned sub-surface, surface, and aerial systems, including underwater drones for submarines. Read more