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PG Electroplast to expand Ahmednagar facility with Rs 100 cr investment
With this investment, the company aims to expand the facility into an integrated manufacturing campus to increase production capacity of air conditioners and other appliances. The campus will also house new capabilities of sheet metal and powder coating.Read more
Philip Harting re-elected as Chairman of ZVEI’s “Electronic Components and Systems†trade association
Harting has been an elected member of ZVEI's board of directors since 2014. Read more
Budget 2021's focus on economic revival to increase demand for automobiles
While voluntary vehicle scrapping policy, augmenting public transport system, etc were positives of the Budget 2021-22, some feel that increasing duties on auto components would increase production cost.Read more
Igus to deliver 3D printed lubrication-free components worldwide
Motion plastics specialist, igus, last year has delivered around 120,000 additively manufactured components comprising wear-resistant functional components, prototypes and easily configurable replacement parts. 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
Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn
10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more
Reconsider Haryana’s rule of 75% reservation for locals in pvt sector: ACMA
The Automotive Component Manufacturers Association of India (ACMA) believes that such a move would not only adversely impact the ‘ease of doing business’ in the state, but also be detrimental to Haryana’s image of an industry friendly state and in attracting future investments.Read more
Altair launches Inspire Mold for simulating injection moulding
Injection moulded plastic components play a critical role in a vast array of applications from toys and consumer electronics to high-performance, load-bearing components in sectors like aerospace and automotiveRead more
India to establish supercomputing capacity to manufacture critical components
NSM aims to provide necessary computational power to the academia, industry, scientific and research community, MSME and the Start-ups to solve India specific challenges.Read more
PLI Scheme to herald a new era in electronic manufacturing: Ravi Shankar Prasad
Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, notified on April 1, 2020, has evoked good response from global as well as domestic mobile phone manufacturing companies and electronic components makers. Production of Rs. 10.5 lakh crore and Exports of Rs. 6.5 lakh crore expected over next 5 years.Read more