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Yamuna Authority to develop Noida’s first electronics manufacturing cluster

Havells India will play a pivotal role in the project, committing Rs 8 billion to establish a manufacturing unit on 50 acres within the EMC. Read more

GOI tightens disclosure norms for domestic solar manufacturers

This directive, issued via a notification on August 7, requires companies to self-certify as producers of indigenous solar components.Read more

Bharat Forge Q1; Defence revenue up 147%, order book at Rs 54 billion

The profit was impacted by an exceptional loss of Rs 1.46 billion, including an impairment provision of Rs 1.45 billion related to its investment in Tork Motors Pvt. Ltd., where Bharat Forge holds a 64.29% stake.Read more

Servotech gets 1.2 MW solar storage and grid order from UP SIRD and UPNEDA

The company will also be designing, manufacturing, supplying, erecting, testing and commissioning 20 kW and 40 kW grid-connected solar power systems, contributing to the state’s renewable energy goals. Read more

ABB transforms the UPS sector

Green UPS technology now offers significantly higher efficiency, ranging from 94 to 97%, compared to the traditional 80 to 88%, marking a substantial improvement in energy conservation and sustainability.Read more

Poly Medicure calls for import substitution in upcoming Budget; Himanshu Baid

Currently around 70% of medical devices and equipment worth nearly Rs 500 billion used in India are imported. The current duty structure for these imports ranges from 7.5% to 10%.Read more

Govt expected to relax 45-day payment rule for MSMEs in upcoming Budget

MSMEs have raised concerns that this provision could lead large buyers to avoid MSME suppliers, opting instead for non-MSMEs or those not registered with Udyam. Read more

60 pharma firms enrol under Centre’s scheme to upgrade manufacturing facilities

The scheme gives preference to micro, small and medium enterprises (MSMEs), supporting smaller players achieve high standards.Read more

Component PLI top ask of electronic firms for upcoming Budget

The industry body has also asked for a Rs 400-450 billion package for the components ecosystem, extended over six-seven years.Read more

Beumer Group sets up Rs 2 billion production site in Reliance MET City

Laying of the foundation stone took place on 27 June 2024, with representatives of Beumer Group and Reliance MET City attending the ceremonyRead more

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