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Tamil Nadu tops in number of factories, Gujarat excels in industrial output
The ASI report also points out that in FY22, 20 per cent of India’s factories, close to 50,000, were not operationalRead more
Government approves new EV policy to attract big investment in manufacturing
As per the policy, electric vehicle maker will have to make minimum investment of Rs 4150 crore to set up manufacturing facilities in India, and 50 per cent domestic value addition to be reached within 5 years at the maximumRead more
Biliti Electric plans Rs 400 crore investment in Hyderabad manufacturing plant
The company, which has been set up by the founders of Hyderabad-based Gayam Motor Works, is positioning itself as a significant player in the global EV marketRead more
JSW Group, MG Motor India to launch JV on March 20, Eye Rs 5000 cr investment
The aim of the joint venture is to increase its manufacturing and retail footprint in India. JSW Group is a domestic multinational conglomerate while MG Motor India is owned by Chinese automotive manufacturer SAIC MotorRead more
Panasonic prioritises India for substantial investments and manufacturing growth
Ryo Matsumoto, General Manager of the Living Energy Business Division at Electric Works Company, Panasonic Corporation, outlined the company's plan to boost production capabilities by utilising excess facilities at its Sri City factory in Andhra Pradesh.Read more
Nestle India commits Rs 6,000-6,500 cr investment by 2025
Nestle India had previously committed to investing Rs 2,000 crore between 2000 and 2020, and in 2022, it announced an additional Rs 5,000 crore for expansion, slated for investment by 2025.Read more
BPE unveils future plans: New investments outlines new phased strategy for 2024
The company aims to continue its commitment to innovation, sustainability, and global expansion to meet aggressive goals set for 2025.Read more
Budget proposes Rs 1 trn corpus to boost investment in sunrise technologies
The Union Finance Minister Nirmala Sitharaman, while presenting the Interim Budget 2024-25, also proposed a new scheme for strengthening deep-tech technologies for defence purposes and expediting ‘atmanirbharta’.Read more
JSW's $4.81 bn investment powers up India's EV Manufacturing Hub in Odisha
JSW Group plans to allocate 250 billion rupees for an EV battery manufacturing plant and an EV components plant in the initial two phases of its investment strategy.Read more
Hartzell Propeller expands global reach with Arrow Aviation as Recommended Service Facility in India
Situated in Kolkata, Arrow Aviation Services stands as the sole Hartzell Propeller-approved propeller shop on the Indian subcontinent, authorised to proficiently service and maintain Hartzell products.Read more