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Samsung receives Rs 500 cr incentives under PLI Scheme for increased production
The South Korean electronics manufacturer had submitted a claim under the PLI scheme for large-scale electronics manufacturing, which was introduced in 2020.Read more
INOX Air Products awarded 20-year contract for Nitrogen supply to First Solar
This will be INOXAP’s first ever on-site installation for the solar industry. First Solar’s facility at Pillaipakkam will manufacture high efficiency solar modules.Read more
Panasonic unveils New Refrigerator line Made in India
This range is accessible in two sizes, with capacities of 401 and 357 litres, starting at an attractive price point of Rs 55,490. Additionally, Panasonic has introduced a budget-friendly 260-litre frost-free refrigerator.Read more
EV Battery prices drop 10% in August amidst dampened demand
As reported by market research firm TrendForce, the average price drop for cells used in EV batteries reached 10%, underscoring a lackluster growth trend in the EV battery market.Read more
Tata Electronics plans over Rs 500 Cr loan for Hosur Expansion
The inaugural phase (referred to as 1A) of its manufacturing facility commenced operations in December 2022, with a total project cost of Rs 4,225 crore, funded in a 70:30 debt-equity ratio.Read more
Reliance Industries explores entry into Semiconductor Manufacturing
At present, the names of the foreign chip manufacturers involved in these discussions remain undisclosed. The decision to invest in semiconductor manufacturing has not been finalised.Read more
Acer India's vision for PLI 2.0: Strengthening local electronics manufacturing
The PLI 2.0 initiative aspires to elevate India's domestic manufacturing landscape, particularly in the electronics sector.Read more
BEL and Israel's IAI join forces for Indian Defense Advancement
This partnership between BEL and IAI is not a recent development; it stems from a long-standing history of collaboration between the two entities.Read more
Maritronics India dives into defence equipment manufacturing
To strengthen its manufacturing capabilities, the company has signed an initial pact with Goa Shipyard Ltd (GSL) to jointly develop and market navigation, communication, and automation equipment for marine vessels for the domestic defence market.Read more
Corning chooses Telangana for revolutionary gorilla glass facility
With a rich legacy spanning over 172 years, Corning Inc. is renowned for its expertise in glass science, ceramics science, and optical physics. This venture is expected to create employment opportunities for more than 800 individuals.Read more