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Versuni India unveils manufacturing facility in Ahmedabad for Airfryers
While the company has not disclosed the exact investment figure, it has revealed that the initial capacity of the Ahmedabad plant includes manufacturing 500,000 air fryers and 200,000 garment steamers.Read more
Jupiter Wagons secures Rs 100 cr contract for innovative double decker automobile carrier wagons
These towering Double Decker Automobile Carrier Wagons boast the capability to transport SUV editions on both the lower and upper decks.Read more
Gujarat inks $1.5 bn green hydrogen deals with Torrent Power, Erisha eMobility
Torrent Power has committed to constructing a green ammonia facility valued at 72 billion rupees as part of its broader initiative to invest 470 billion rupees in power projects within the state.Read more
VinFast chooses Tamil Nadu for global ev manufacturing hub in India
Sources familiar with the matter revealed that the top management of VinFast, led by Chairman Ph?m Nh?t V??ng, is expected to visit India soon to finalise a Memorandum of Understanding (MOU) with the Tamil Nadu government.Read more
Xiaomi India considers local tablet manufacturing amid IT hardware import restrictions
This initiative aligns with India's Make in India program, aiming to bolster investment and entrepreneurship in the fifth-largest global economy.Read more
Apple explores diversified manufacturing in India, discusses partnerships beyond China
Presently, Tata Electronics stands as Apple's sole vendor in India, with plans to double its casing facility.Read more
Dixon Technologies: Scaling heights in global electronics manufacturing with PLI
Despite catering to Taiwanese and Chinese clients, Dixon strategically aligns itself with the Indian government's policy through both contracts falling under the revamped production-linked incentive (PLI) scheme for IT products.Read more
EKA Mobility secures $100 mn Investment for EV Manufacturing in India
Under the agreement, Mitsui and VDL will jointly invest approximately Rs 830 crore in EKA Mobility, acquiring 'significant' minority stakes. The funds will be allocated to expand research and development efforts and increase manufacturing capabilities.Read more
India's Manufacturing sector holds strong in December despite PMI Dip
S&P Global, the compiler of the index, noted that December's PMI reading signifies a substantial improvement in the sector's health. Despite being above the long-term series trend, it contributed to the lowest quarterly average (55.5) since Q1 2022-23.Read more
India's electronics manufacturing surges, eyes $115 bn in 2024
The production of mobile phones, a key player in India's electronics manufacturing, is anticipated to exceed $50 billion by March 2024, up from approximately $42 billion in the previous fiscal year.Read more