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Aditya Birla Group eyes further investments in US manufacturing and R&D
Aditya Birla Group, a prominent player in the U.S. metals and chemicals sectors through subsidiaries like Novelis and Aditya Birla Chemicals, announced a $50 million investment earlier this year for a new manufacturing and R&D center in Texas.Read more
Flender India to expand investments in domestic market
Approximately 10% of Flender Group’s 9,000 global employees are based in India. Read more
Policies are pushing investments in energy-efficient technologies: Benjamin Lin
Our growth has been driven by a combination of local market demand and our focus on exports, particularly to neighbouring regions. Read more
Solar investments dominated by developed nations and China: ISA
The ISA, which was founded at the 2015 Paris climate change conference, is currently working with 92 countries to create an enabling environment for solar deployment.Read more
Scimplify secures $9.5 million in Series A funding led by Omnivore
Founded in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify operates as a business-to-business (B2B) platform that manages the end-to-end sourcing and manufacturing of specialty chemicals.Read more
DPIIT raises $1.4 billion in tyre investments from global players
The DPIIT has also urged other ministries to take similar steps to promote domestic manufacturing in sectors under their purview, as has been done with toys and tyres.Read more
Focus on incremental reforms
According to a recent report of DSP Mutual Fund, the manufacturing sector's contribution to India's GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure. Read more
India witnessed $29.6 billion in private equity investments
The investment distribution in 2023 saw a notable shift with traditional sectors such as manufacturing, healthcare, and energy, accounting for about 75 % of the total investments, up from around 60 % in 2022.Read more
Panasonic prioritises India for substantial investments and manufacturing growth
Ryo Matsumoto, General Manager of the Living Energy Business Division at Electric Works Company, Panasonic Corporation, outlined the company's plan to boost production capabilities by utilising excess facilities at its Sri City factory in Andhra Pradesh.Read more
BPE unveils future plans: New investments outlines new phased strategy for 2024
The company aims to continue its commitment to innovation, sustainability, and global expansion to meet aggressive goals set for 2025.Read more