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Solar pump growth soars with a CAGR of 6.8% till 2027
Recently, Allied Market Research published a report on Solar Water Pump Systems Market which shows that the agriculture segment was the highest contributor to the growing solar pump market with a CAGR of 7.2 per cent during 2020 to 2027.Read more
Is India ready to tap $ 45 bn hydrogen equipment market?
Floodgates of opportunities are expected to open for Indian process equipment manufacturers with 135 hydrogen plants planned for deployment by 2030. With an aim to corner significant share of the potential $ 45-50 billion green hydrogen equipment market, many companies are leveraging on their engineering expertise and manufacturing capabilities to serve Indian as well as global markets, says Rakesh Rao.Read more
Sajjan Jindal looking to get into Indian auto market, buys stake in MG Motor India
Industrial tycoon Sajjan Jindal is orchestrating the formation of a new company with this stake and subsequently taking over Ford's Chennai factory through this new entity.Read more
Posco Daewoo set to revitalise Indian market with electric mobility, consumer electronics
Apart from electric bikes and e-cycles, the company plans to introduce a range of power and energy products, including solar panels and inverter batteries, as well as consumer electronics such as LED televisions, air purifiers, and refrigerators.Read more
India's growing economy set to outpace China temporarily: IMF
According to Krishna Srinivasan, Director of the Asia and Pacific Department at the IMF, India is projected to account for 18% of global growth by 2028, up from the current 16%.Read more
Hindustan Aeronautics targets global markets with new export division
HAL plans to target various countries, including Argentina, Nigeria, Egypt, and the Philippines, offering its light combat aircraft (LCA) Mk-1A and advanced light helicopter (ALH).Read more
SME IPOs surge in 2023, fuelled by HNIs and Positive Market Sentiment
This heightened interest has led to 139 SMEs raising a substantial Rs 3,540 crore through IPOs up to October 20, outperforming the entire year of 2022.Read more
India aims to lead global hydrogen equipment market, expects $50bn industry by 2030
The report, titled ?Hydrogen Equipment Manufacturing and Services,? outlines the market breakdown, allocating 34% for electrolyser stacks, 62% for Balance of Plant equipment, and 4% for specialised engineering services.Read more
Yokohama accelerates local tire production in India
Yokohama Rubber, operating in India through a wholly-owned subsidiary, is constructing a new facility in Visakhapatnam, supplementing its existing plant in Bahadurgarh, Haryana.Read more
VinFast Auto explores Indian manufacturing, eyes entry into EV market
VinFast Auto proceeds with this investment plan, it would mark a significant milestone as the first Vietnamese automaker to establish a presence in India.Read more