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India: The beacon of growth

India’s exports - estimated at $ 767 billion - for FY 2022-23 recorded a rise of 14.5 per cent over FY22’s $ 669.65 billion.Read more

Andhra Pradesh receives Rs 13 lakh cr investment during the Global Investor Summit

Andhra Pradesh Global Investors Summit held in Visakhapatnam on March 3 and 4, is likely to create over 6 lakh jobs in Andhra Pradesh across 20 sectors with 340 investment proposals at the event. Investments announced covers in steel, energy, cement, airport, healthcare, and manufacturing sectors to enable AP to contribute to India’s growth as fastest-growing states.Read more

TI Clean Mobility to raise Rs 3000 Cr to fuel its EV platform

TI Clean Mobility Private Limited signed terms with Multiples, State Bank of India and other co-investors to raise capital in the form of Equity and CCPS to Rs 1950 crores. The parent company Tube Investments of India Limited (TII) to invest Rs 750 crore to achieve the total fund raise of Rs 3000 crore. Read more

Schneider Electric unveils sustainable energy solutions at Elecrama, announces Rs 1400 Cr investment

European MNC, Schneider Electric celebrates its 60 years in India. At Elecrama 2023, it showcased a wide range of energy management and next-gen automation solutions, reaffirms commitment towards Atmanirbhar Bharat and announced an investment of Rs 1400 crores to increase its manufacturing footprint by building five new factories.Read more

With rapid adoption of new technology, we see a shift in railway mindset

Taiwanese electronics manufacturing company, Delta Electronics caters to Indian railway infrastructure with its various products & solutions. Through this interview, Chirag Sethi, Head of Railway Traction Power, Delta Electronics India, presents an overview of the emerging trends in railways and how Delta is helping electrification and other developments in railways.Read more

Five factors that stand critical while upgrading air compressor

Compressor manufacturers upgrade air compressors every 3-4 years to enhance energy efficiency, reliability, and add new features, says Karthik Srinivasan.Read more

Godrej Tooling increases 10% investment YoY on R&D focusing EVs

In this interview with Rakesh Rao, Pankaj Abhyankar, Senior Vice President and Business Head, Godrej Tooling, explains new opportunities for component makers in automotives, especially in electric vehicles, and how his company is supporting the growth of this industry.Read more

Ingersoll Rand reaffirms commitment to investment in India

During his recent visit to New Delhi, Vicente Reynal, Chairman and CEO, Ingersoll Rand, met with leaders from top ministries to seek shared-value partnerships while discussing the economic benefits of investing in sustainability efforts to support India’s transition to net-zero by 2070Read more

KKR invests in Hero Future Energies in $450 million transaction

This investment will support Hero Future Energies’ efforts to expand its renewable energy capacity and capabilities across technologies such as solar, wind, battery storage, and green hydrogen, and into new markets over time.Read more

End customers are looking for investments and expansion of machine shops

Schaeffler India offers components and system solutions for vehicles with drive trains and hybrid and electric vehicles. The main products include clutch systems, transmission components, torsion dampers, valve train systems, camshaft phasing units, and electric drives. During an interactive interview with Trishna Mirajkar, Harsha Kadam, Chief Executive Officer and Managing Director, Schaeffler India talks about the performance of the Indian machine tools industry.Read more

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