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China surges as top buyer of Indian Iron Ore, driving exports to record levels
Iron ore serves as a crucial feedstock, primarily utilised by China in steel production. Interestingly, India competes with China globally in the market for finished steel products such as hot rolled coils.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
Electronics exports soar 24%: Climbs to 5th place in India's Top 10
The electronic goods category is now only $200 million away from claiming the fourth position, currently held by drugs and pharmaceuticals at $17.9 billion.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
Adani Energy partners with Esyasoft for global smart metering ventures
The announcement also underscores the growing relationship between Adani and Abu Dhabi's International Holding Co, a significant shareholder in Esyasoft through its subsidiary, Sirius International Holdings.Read more
PTC Industries, Nasmyth forge strategic partnership for Global Aerospace Solutions
PTC Industries seeks to enhance its capabilities to better serve the specific requirements of Indian customers and execute projects more efficiently.Read more
Ministry launches MedTech Mitra to propel growth in medical devices industry
Minister Mansukh Mandaviya, inaugurating the platform virtually, expressed confidence in the potential for India's medical devices industry to reach $50 billion by 2030.Read more
Apraava Energy expands its RE portfolio with 300 MW wind energy project in Karnataka
The project is part of the 1200 MW auction capacity of Inter-State Transmission System (ISTS)-connected wind power projects (Tranche-XIV) from the Solar Energy Corporation of India (SECI).Read more
Sterlite Power gets new orders worth Rs 2,000 cr in Q2 FY ’24
Internationally as well, the company is strengthening its presence in the Americas, Africa, and the Middle East.Read more
Adding new dimension to manufacturing
When the Indian Space Research Organisation (ISRO) was looking to procure spacecraft’s grid-fins for its Gaganyaan mission, India’s first human space mission that is scheduled for a launch in 2024, it turned to a Bengaluru-based aerospace component maker that uses additive manufacturing (3D printing) technology. Read more