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HP pursues Indian PC manufacturing growth through PLI 2.0
To bolster PLI 2.0, the government has implemented restrictions on the import of IT hardware, requiring OEMs to apply for licenses before importing.Read more
CRISIL forecasts a 35% surge in road and renewable energy investments by 2024
The report highlights that favourable policies, escalating investor interest, and effective project implementation will contribute to this capital outlay expansion in these sectors.Read more
Japan's Marubeni Eyes High-Tech Industrial Park in Karnataka
The ambitious project stands at Rs 28 billion of investmentRead more
US-India trade: Set for a Reset
During Prime Minister Narendra Modi’s recent visit to the US many new initiatives were announced by the two countries.Read more
Safety is an investment, not a liability
…says Biman Banerjee, Senior Manager-Branded Sales, Mallcom India in this interview with Ayushi Khandelwal while having a discussion on importance of safety equipment at the shopfloor. Mallcom India is leading Personal Protective Equipment (PPE) manufacturers and is celebrating 40 years in the industry in 2023.Read more
2nd Energy Storage Forum: Hydrogen Projects calls off $320 bn investments
Hosted by GCC Interconnection Authority (GCCIA), specialised forum urges financial institutions to invest in green and renewable energy technologies including hydrogen storage.Read more
Ripplr raises $40mn in series B funding round
Bangalore-based tech distribution and logistics startup, Ripplr has raised $40 million in a Series B round of funding. The company will utilise the funds to strengthen its supply chain tech platform, grow its team, and expand into newer geographies.Read more
Mitsubishi Electric to set up AC, compressor manufacturing facility in Tamil Nadu
The government of Tamil Nadu and Mitsubishi Electric Corporation signed a memorandum of understanding (MoU) to build an air conditioner (AC) and compressor manufacturing plant in India. The 52-acre site will be set up in Thiruvallur District, Tamil Nadu.Read more
Freudenberg shows profitability, heavy investments in 2022
Global technology group, Freudenberg presents figures for the year 2022 which shows sales of more than €11.7 billion with an increase of 17 per cent, operating profit of €941.8 million with an increase of 7 per cent and €2 billion investment in research and development with 15 per cent increase in investment on future technologies.Read more
Brookfield making sustainable energy investment for $1 bn in Avaada Ventures
A formal agreement was signed recently between Canadian investor Brookfield and serial entrepreneur Vineet Mittal, founder of the Avaada group to invest into country biggest sustainable energy investment, told people aware on the topic demanding anonymity.Read more