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Govt to set up Rs 200-cr MSME Technology Centre in Sindhudurg

The MSME-Technology Centre will provide the best of technology, incubation as well as advisory support to the industry, especially MSMEs, to enhance their competitiveness Read more

Grundfos partners with 4 firms to develop circular system for rare earth materials

Grundfos partners with BEC GmbH, Circularise, Minviro, and the global Rare Earth Industry Association (REIA) to lead a three-year EIT RawMaterials funded innovation project to build a blockchain based Circular System for Assessing Rare Earth Sustainability (CSyARES). Read more

Enerpac launches HMT 13000 Torque Wrench

Enerpac has launched Enerpac HMT 13000 Interchangeable Torque Wrench, which is an extension to the previously introduced HMT product line. Like the other models in the HMT series, the HMT 13000 offers the same advantages and low cost of ownershipRead more

Atmanirbhar Bharat Mission to bolster indigenous manufacturing

The adoption of new technology-based solutions is expected to bring the much-needed transformation in the manufacturing sector, thus making the sector a bigger participant in the development of Indian economy. The pandemic has turned the focus towards becoming self-reliant by emphasising on local manufacturing, which, according to Ashish Dhakan, will be the key to India’s survival; thus, giving a major boost to the Indian manufacturing sector.Read more

Gainwell Engineering to make Caterpillar’s underground mining equipment

Gainwell Engineering to make Caterpillar’s underground mining equipmentRead more

Ashoka Bearing will achieve 25% growth this year

The rising demand for bearings across various end-user segments like automotive, machine tools, precision engineering, advanced medical equipment as also different types of bearings for use in extreme conditions, is expected to drive the growth of this industry. Read more

Gainwell Engg to build Rs 500 cr plant to make Caterpillar’s mining equipment

The new Gainwell Engineering facility in West Bengal will manufacture Caterpillar’s medium & high seam underground Room & Pillar Equipment to support the growing coal production in India and other countries around the world.Read more

RDP partners Iris Global for distribution of computing devices

Iris Global Services, the Delhi-based IT distribution company, has signed a distribution agreement with RDP, a young PC laptop & IT product brand based at Hyderabad. Read more

India records 54% jump in engineering goods exports in 9M 2021-22

Thanks to the Zero duty Export Promotion Capital Goods (EPCG) scheme, exports of India’s engineering goods jumped to $ 81.8 billion during April-December 2021 (Provisional) as compared to $ 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%, said the Union Ministry of Commerce & Industry in a press release. Engineering goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period.Read more

Budget 2022 - Govt increases capex by 35% to Rs 7.50 trn in 2022-23

In defence sector, 68% of the capital procurement budget will be earmarked for domestic industry in 2022-23, up from 58% in 2021-22. Defence R&D will be opened up for industry, start-ups and academia with 25% of defence R&D budget earmarked.Read more

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