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MSME Ministry launches SCLCS scheme for services sector for tech upgradation
The Special Credit Linked Capital Subsidy (SCLCS) scheme will help in meeting the technology related requirements of enterprises in the services sector and has a provision of 25% capital subsidy for procurement of plant & machinery and service equipment.Read more
LVD launches high-power laser machine and updated software suite
The powerful 20 kW Phoenix FL-3015 provides the ultimate level of laser cutting productivity and processes efficiently a wide range of ferrous and non-ferrous materials and material thicknesses up to 40 mm.Read more
Digital penetration accelerating UPS market in India
The recent reports on ensuing power crisis further accelerates the need to invest in quality power back-up to be able to recover from the past and move ahead in the recovery phase. Digital transformation is also increasing the demand for Uninterrupted Power Supply (UPS) to ensure business continuity even during unprecedented challenging times. Thus, the future for the UPS industry looks positive, says Palash Nandy. Read more
Aftermarket support must to up pumping performance
A leading Gulf state water company's pump system was badly affected due to unavailability of spare parts. Flowserve offered solution to the company with six pumps and providing local aftermarket support (including guaranteeing sparts parts availability for 20 years).Read more
Motherson and Marelli to set up toolroom for auto lighting applications
The new toolroom will localise tools for the domestic market (previously imported), specific for the lighting domain, that were previously imported, enhancing the country’s local capabilities.Read more
Best Power Equipments launches lithium battery solutions with 5-yr warranty
Lithium batteries are poised to become the preferred choice for UPSs in IT applications. This can be accredited to the growing awareness among users about reduced greenhouse gas emissions.Read more
India holds talks with Taiwan to set up $ 7.5-bn chip plant
Chip shortages have delayed the much-anticipated launch of a smartphone by billionaire Mukesh Ambani’s Reliance Industries that has been co-engineered with Google.Read more
DEP is planning to set up new testing center in India
Established in 1998 in Troy (Michigan, USA), Detroit Engineered Products (DEP) - an engineering services, product development, software development and talent acquisition company - today is a global company with footprints in Europe, China, Korea, Japan and India. Read more
Blower makers upgrade production to meet rising demand
Halt in the production of end-user industries due to Covid 19 pandemic negatively affected industrial blower demand. Blower manufacturers responded to the market condition with robust quality and advanced features, says Transparency Market Research.Read more
BrahMos Supersonic Cruise Missile to be made in UP Defence Corridor
Rs 3 bn would be invested and the construction work would begin within three months of getting the land. The project might produce 300 missiles by the 3rd year and GST worth Rs 3.6 bn each year.Read more