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Siemens to invest over Rs.10 billion to expand operations in India

The company aims to meet the growing demand in critical sectors such as industry, infrastructure, and power distribution by expanding two of its factories. This strategic move includes the establishment of a state-of-the-art metro train manufacturing facility in Aurangabad and the expansion of the Smart Infrastructure Operations in GoaRead more

Manufacturing expected to be a key driver of expansion in India; OPEC

Consumer confidence rose to 98.5 in March from 95.1 in January, driven partly by the on-going election cycle, expected to bolster spending, particularly in rural areasRead more

Siemens Limited declares CAPEX of over Rs 10 billion

The company's Smart Infrastructure Business is set to boost its factory presence in Goa with an investment of Rs 3.33 billion, marking the largest investment by Siemens in the state. Read more

Siemens Limited declares 19% increase in revenue; 74% higher PAT in Q2 FY24

Revenue of Rs 52.48 billion was seen as a 19% increase over the same quarter in the preceding year.Read more

Titagarh Rail Systems to develop driverless metro trains

A critical supplier to Indian Railways, it currently produces 1,000 wagons a month.Read more

US-giant Rockwell Automation looks at India expansion with more factories

The industrial automation equipment maker, which completed 40 years in India in 2023, counts many manufacturing giants, including Reliance Industries, Mahindra Group and MRF, as its customers.Read more

IndiGo India orders 30 Airbus A350 widebody aircraft for long-haul travel

India, the world’s fastest growing major aviation market, is anticipating an international travel boom as the economy grows and household incomes rise. Read more

Freudenberg India to invest Rs 350 crore in CY 2024 for expansion

Globally, Freudenberg Group’s operating profit reaches Euro 1.1 billion, surpassing the 1 billion mark for the first time (up 15 percent). Read more

Danfoss plans Rs 500 Crore Investment in India for localization, expansion

The company, which helps its customers to decarbonise their businesses, has identified 4-5 areas for localisation in order to take advantage of opportunities in the energy transition spaceRead more

Socomec India unveils strategic expansion plans to Sri Lanka, Bangladesh

With a recent €5 million investment by Socomec Group in the Indian market to enhance manufacturing capacity, the goal is not only to meet local demands but also to Sri Lanka and Bangladesh markets through exports.Read more

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