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Indian aerospace manufacturers seek global orders; ask GOI for policy push
The surge in orders has prompted global aerospace suppliers to ramp up sourcing from India. Airbus, in particular, is strengthening ties with Indian partners for various functions such as IT, engineering, and production. Read more
Dynamatic Technologies gets Dassault Aviation contract for Falcon 6X Aerostructures
The Falcon 6X, renowned for its extensive range, efficiency, and cutting-edge technological features, represents a highly advanced business jet.Read more
Maharashtra secures investment MoUs worth $ 44 billion at WEF 2024
At World Economic Forum (WEF) 2024, the state was able to attract a total investment of Rs 4.5 lakh crore, with a potential to create about 2 lakh jobs in various sectors including electronics, IT/ITeS, data centers, gems & jewellery, agriculture, auto and renewables.Read more
US’s ExxonMobil to build lubricant manufacturing plant in India
Texas-headquartered ExxonMobil is investing nearly INR 900 crore to build a lubricant plant in Raigad, Maharashtra. Expected to start in 2025, the new plant is expected to produce 159,000 kiloliters of finished lubricants and provide 1,200 new jobs in the country.Read more
Omega Seiki Mobility forms JV with Korea’s Jae Sung Tech for EV powertrains
The all-electric Ra314 powertrain will be manufactured by Omega Seiki Mobility at its facility in Faridabad and in Pune at its group company, Omega Bright Steel and Components’ facilityRead more
Relaxations under ECLGS 1 will serve MSMEs well: FICCI
FICCI had requested that the quantum under ECLGS should be doubled to Rs 6 lakh croreRead more
“Chinese imports have led to closure of many businessesâ€Â
..says Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures Ltd, who believes Indian electrical equipment industry is under pressure with the consistent increase in imports especially from China threatening its growth. In this interview with Rakesh Rao, he highlights challenges before the Indian electrical and electronics (E&E) industry and suggests solutions to overcome them.Read more
U-Tech opens manufacturing facility to supply products to BFW
The new plant will supply chip conveyors and coolant systems to Bharat Fritz Werner Ltd (BFW) – the largest machine builder in India.Read more
GreenFuel wins Make in India Emerging Entrepreneur award
The company specialises in product solutions for sustainable mobilityRead more
Power transmission: Expanding networks till the last mile
Better pace of project implementation and stable attention from the government has made power transmission a new business zone and promising investment destination, says Nitika Sharma.Read more