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MSME’s vital role under spotlight at inaugural of Shipping & Logistics Conference
Mercy Epao, the Joint Secretary (SME) of MSME emphasised the significance of MSMEs, with over 6.35 crore enterprises in India, primarily constituting micro enterprises, which account for over 95% of the sector.Read more
ABB India secures contact from Netherlands-based logistics company Samskip
ABB to implement an advanced power distribution system for two groundbreaking short-sea container ships.Read more
India to offer $2.2 bn incentives for manufacturing growth in six sectors
This initiative forms part of India's 1.97-trillion-rupee production-linked incentive scheme (PLI), which was inaugurated in 2020. Among the six sectors poised to join the PLI scheme are toys, bicycles, leather, and footwearRead more
NGEL, Chidambaranar Port signs MoU to develop green hydrogen hub
The MoU was signed by V V Sivakumar, GM (NGEL) and V Suresh Babu, CME (VOCPA) in the presence of Bimal Kumar Jha, Dy Chairman and Chairman (I/c) (VOCPA) and other senior officials.Read more
Maritronics India dives into defence equipment manufacturing
To strengthen its manufacturing capabilities, the company has signed an initial pact with Goa Shipyard Ltd (GSL) to jointly develop and market navigation, communication, and automation equipment for marine vessels for the domestic defence market.Read more
Asia's export powerhouses face manufacturing slump amidst weak demand
According to manufacturing purchasing managers' surveys released by S&P Global and au Jibun Bank, factories in North Asia witnessed declines in new orders, production, and export sales.Read more
Fraunhofer IMM develops ammonia-based systems for eco-friendly energy supply
In the future, ammonia could play a decisive role in the transition from fossil fuels to climate-friendly alternatives — as long as it is produced from green hydrogen, for example, using renewable energy sources. Ammonia is easy to store and transport. Researchers at the Fraunhofer Institute for Microengineering and Microsystems IMM are developing ammonia-based systems for a mobile, decentralised energy supply in the infrastructure, transportation and industry sectors.Read more
Mazagon Dock to use Altair solutions for ship designing and building
MDL will utilise Altair solutions for simulation-driven design and validation, structural fidelity calculations, shock and vibration assessments, hydrodynamic loading, electromagnetic simulation, etc.Read more
Hilco Global buys ThyssenKrupp Steel’s plant in Germany
Amsterdam-based Hilco Industrial Acquisitions, BV, an operating company of US-based Hilco Global, has acquired all assets at ThyssenKrupp Heavy Plate Rolling Mill facility located in Duisburg-Hüttenheim, Germany. The assets are now up for sale on Hilcobid.com.Read more
The next 30 years belong to New India under AtmaNirbharatha
In the last 75 years (after independence), India has shifted from 'license raj’ regime (pre-1991) and to liberal economic policies (post-1991). The next 30 years are full of promise for the country, and the Indian will play a key role in an exciting new world, where sustainable industrial development will be the watchword, says R Jayaraman.Read more