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Sunkind to establish 1.5 GW solar module manufacturing plant by April 2025

The project is expected to generate employment for over 500 people, aligning with the goals of ‘Viksit Rajasthan’ and ‘Viksit Bharat’ by 2047.Read more

Interarch Building Products invests Rs 950 million+ in PEB manufacturing plant

The plant will add 60,000 MT per annum over 2 phases, increasing the overall capacity to 200,000 MT per annum.Read more

Welspun approves $100 million investment to boost US pipe manufacturing

The upgrade is designed to expand Welspun Pipes' product offerings, allowing for the production of larger pipe sizes up to 24 inches in outside diameter and 0.750 inches in wall thickness.Read more

Over 1,300 units operational under PLI scheme; to generate jobs

Preliminary calculations suggest that the production of Rs 10 trillion under the PLI scheme should translate to incentives worth Rs 500 billion.Read more

Indian Battery Manufacturers Association elects Preeti Bajaj as President

IBMA also elected Rajesh Jindal, President & Chief Marketing Officer, Amara Raja Energy & Mobility Ltd., as the new Vice President of IBMA. Read more

Indian tyre exports surge 17% in Q1 FY25; reach Rs 62.19 billion

In terms of export volumes, Passenger Car Radial (PCR) tyres led the category, followed by Motorcycle and Farm/Agri tyres in Q1 FY25. Read more

Intel may split chip design and manufacturing businesses due to loss

The company reported a net loss of $1.61 billion in the second quarter of 2024, leading to a 26% drop in its stock price—the worst single-day performance in over 50 years.Read more

Centre unveils $15 billion blueprint to establish India as a major chip hub

As part of the new blueprint, the government plans to reduce the capital expenditure subsidy for assembly and testing plants (ATMP/OSAT) from the current 50% to 30% for conventional packaging technologies, and to 40% for advanced packaging technologies. Read more

GH2 Solar wins SECI tender for 105 MW electrolyser manufacturing

Scheduled for completion by 2030, the project is going to play a pivotal role in India's ambitions to produce 5 million metric tons of green hydrogen annually and achieve 280 GW of installed solar capacity. Read more

Otis India to expand Bengaluru manufacturing plant

A previous expansion in 2012 doubled the plant capacity, and the current expansion will further increase its overall capacity by about 20%. Read more

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