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MoPSW to develop new shipbuilding scheme to incentivise Indian shipyards till 2035
Additionally, global cruise giant MSC Cruises has shown interest in deploying ships for domestic routes in India. Read more
Tata Power to invest Rs 200 billion capex in FY25 for renewable energy portfolio
The consolidated revenue grew 10% to Rs 615.42 billion; PAT increased 12% to Rs 42.8 billion. Read more
Vizhinjam Port to lessen time and costs by 40% for Indian manufacturers
The port, equipped with advanced facilities, including automated operations and modern infrastructure, aims to efficiently handle large ships. Read more
India’s MSME employment surpasses 200 million, spikes 66% in 1 year
Out of the total reported jobs, approximately 45.4 million were held by women employees.Read more
ABB acquires China-located Siemens’ Wiring Accessories; expands portfolio
The acquisition will also give access to a wide distribution network across 230 cities in China and provide additional expertise from regional sales, manufacturing operations and management teams. Read more
Sony & Siemens to enable immersive engineering with new content creation system
Sony Corporation improved design productivity by 25% with implementation of Siemens’ NX for product engineering and design.Read more
Schneider Electric automates single stage wastewater treatment plant
The project supports the Namami Gange initiative for enhancing water quality in the country through smart, sustainable and digital solutions.Read more
Wipro Hydraulics signs agreement to acquire Novacap company Mailhot Industries
Wipro Hydraulics, a division of Wipro Infrastructure Engineering, has inked a deal to acquire Mailhot Industries, a Novacap company based in Quebec, Canada, known for its expertise in hydraulic cylinder manufacturing, particularly in refuse trucks and snow removal equipment. Read more
TVS ILP invests Rs 125 crore into upcoming warehousing facility in Cuttack
The upcoming facility spans 24 acres of land, housing two large warehouses totalling 5 lakh square feet, catering sectors like FMCG, FMCD, 3PL, and e-commerceRead more
How to create a resilient supply chain
In today’s world, disruption can occur anywhere. In this article (which is the first part of the 3-part series), R Jayaraman explains the various dimensions to be considered while building a resilient supply chains (RSC).Read more