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Sterlite invests $56 million in US fiber facility, targets 10-12% market share
This facility will also serve as the company's North American headquarters, marking a significant milestone for Sterlite.Read more
India boosts Make in India with Rs 45,000 cr defense hardware purchase
This comprehensive purchase encompasses new fighter aircraft, missiles, versatile light armoured vehicles, integrated surveillance and targeting systems, as well as survey vessels, all designed to modernise its armed forces.Read more
Micron Technology to expand semiconductor operations in india with multiple facilities
Micron had pledged an investment of $800 million to establish a semiconductor assembly, testing, marking, and packaging (ATMP) unit in Sanand, GujaratRead more
Indian govt develops Rs 120 bn PLI scheme for heavy machinery in mining, construction
Ministry of Heavy Industries is presently soliciting input from the industry regarding the scheme's product scope, implementation strategy, and the extent of incentives it should offer.Read more
Tata Power Solar, SIDBI sign MoU to offer easy financing to MSMEs for solar adoption
MoU signed in the presence of Union Minister of State for Finance, Dr Bhagwat Karad at the Global SME Finance Forum 2023, Mumbai.Read more
India's largest cellulose plant by Nitika Pharma to open
On September 16, 2023, Nitika Pharmaceuticals Specialties is poised to introduce India's most extensive Microcrystalline Cellulose manufacturing facility.Read more
JCB explores hydrogen engines and export growth in India
JCB aims to manufacture electrolysers, devices that split water into hydrogen and oxygen using electricity, to produce hydrogen for testing their zero-emission backhoe loaders.Read more
India pursues unified battery-swapping standards for Electric Vehicles
NITI Aayog, the government's public policy think tank, has urged the Ministry of Heavy Industries to convene a meeting involving industry stakeholders.Read more
India's Hydrogen Market Soars: $21.9 Billion by 2030
A report, authored by MarketsandMarkets Research noted that global demand for hydrogen ranged between 90 million metric tons (mmt) and 100 mmt, with India contributing 7% of the global demand in 2022.Read more
Rs 4,500 crore plan for uninterrupted electricity in Thane district
Union Minister Kapil Patil disclosed that the plan was thoroughly discussed during a district electricity committee meeting.Read more