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L&T Heavy Engineering flags off world’s heaviest LC-Max reactors ahead of schedule
These 3 super-heavy reactors weighing 2260 MT will help Hindustan Petroleum Corporation’s Visakh Refinery Modernization Project to convert the heaviest oils to high-quality BS-VI diesel, as well as increase feedstock and improve product flexibility.Read more
Ola to use Siemens’ digital solution to build Rs 24 bn EV facility in India
With an initial capacity of 2 million units a year, it will be the largest scooter manufacturing facility in the world. It will serve as Ola’s global manufacturing hub catering to its customers in India as well as key markets across Europe, UK, Latin America and ANZ.Read more
Digitalisation to play huge part in transforming energy systems: Anil Chaudhry
Covid 19 pandemic has impacted the clean energy transition in India considerably. Anil Chaudhry, CEO, Schneider Electric India, believes digitisation of energy will be an enabler in this transition. Therefore, one needs to be prepared for a technology-led transformation in a post-pandemic world.Read more
Schmersal India decides to move towards railway and defence
While industries are battling to equalise their business to pre-Covid levels, companies are working out strategy to open more avenues to expand their business. In this Video Interaction with Pushkar Oak, Sagar Bhosale, MD, Schmersal India delves into safety gaining prominence in switchgears using new age technologies and Schmersal’s coping mechanism to sustain Covid impact.Read more
PLI scheme for bulk drugs and medical devices receives 243 applications
Production Linked Incentive (PLI) Scheme for bulk drugs and medical devices, which closed on 30 November 2020, received 215 and 28 applications from manufacturers of bulk drugs and medical devices respectivelyRead more
IPF Video Roundtable: Gearboxes of tomorrow to be smart and compact
Industrial Products Finder (IPF) hosted a video Roundtable - titled “Gearbox industry: Geared up for the future?†- on November 20, 2020 which discussed how Industry 4.0 is leading to smart gearbox (which is critical, yet complex component) and impact of Covid 19 on gearbox market. Rakesh Rao reports...Read more
FIEO welcomes govt. approval on PLI Scheme to attract FDI
Apart from boosting MSME sector, the Scheme will further help in enhancing the skill sets generating employment opportunities across the country during such challenging and tiring times.Read more
IESA lauds new PLI Scheme allocating Rs 18, 100 cr for Advanced Chemistry Cell
IESA has been actively working in this space for the past three years, collating information from industry players (IESA member companies) and submitting inputs on the discussion for Advanced Battery Manufacturing in India.Read more
TNBA urges to stop auctions and strengthen boiler MSMEs
The association demanded the case of MSME NPA units in Tiruchi must be given a special consideration as they provided employment, paid taxes promptly and followed other statutory obligations.Read more
FM announces Rs 2.65 trn stimulus under Aatmanirbhar Bharat 3.0 to boost growth
Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and individuals extended till March 31, 2021 and additional credit up to 20%. Provides Rs 30 billion to boost project exports and Rs 102 billion additional budget stimulus for capital and industrial expenditure.Read more