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YES Bank introduces an industry first GST backed OD facility for MSMEs through ‘YES GST’
YES Bank, India’s fourth largest private sector bank, announced the launch of ‘YES GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this first-of-its-kind, industry first initiative, an MSME can avail OD up to Rs 10 million, based on their annual turnover, backed by GST returns.Read more
Hosur facility manufacturing Perkins® 2000 series engines
Since the beginning of 2018, the Hosur, India facility is now a manufacturing base for Perkins® 2000 Series engines. The Perkins team is now producing the 500 kVA 2506D and the 625 kVA 2806D in Hosur.Read more
Axalta inaugurates new coating manufacturing facility in Savli doubling its India capacity
Axalta, a leading global supplier of liquid and powder coatings, recently inaugurated its new coating manufacturing plant at Savli, Vadodara in Gujarat, India.Read more
LONGi Solar to set up 1GW mono cell and 1GW mono module manufacturing facility in India
Chinese solar products manufacturer LONGi Green Energy Technology Co., Ltd, along with its wholly-owned subsidiary LONGi SolarRead more
AkzoNobel India inaugurates powder coatings facility in Mumbai
The company reinforces its commitment to India with an investment of INR 650 million thereby strengthening its market position.Read more
AkzoNobel India inaugurated powder coatings facility in Mumbai
AkzoNobel, a leading global paints and coatings company, reinforced its commitment to the Indian market with the inauguration of its powder coatings facility, with an investment of INR 650 million. Located in Thane, Mumbai, this is AkzoNobel’s sixth facility in India.Read more
Magellan Aerospace breaks ground for new manufacturing and assembly plant in India
Magellan Aerospace hosted a traditional groundbreaking ceremony for the company's new manufacturing and assembly facility in India. The new 140,000 square foot building will be constructed on seven acres in Hitech Defence and Aerospace Park (Aerospace SEZ Sector) in Devanahalli, Bengaluru, near the Bangalore International Airport.Read more
Adient breaks ground on India's largest-ever automotive seating prototyping and testing facility
Adient (NYSE: ADNT), the global leader in automotive seating, today announced that it has broken ground on a state-of-the art automotive seating prototyping and testing facility in Pune that will be the largest of its kind ever to be built in India. Construction of the new facility marks a major expansion of Adient's existing technical center in Pune, already a world-class facility with the largest workforce among the automotive seating supplier's global network of tech centers.Read more
Danish pumps maker Grundfos opens new manufacturing facility in Gujarat
Denmark-based Grundfos, one of the leading global manufacturers of energy-efficient pumps, yesterday inaugurated its manufacturing facility in Dantali, Gujarat. Read more
MHPS CEO opens new repair facility and plans to manufacture the world's most efficient gas turbine
MHPS Saudi Arabia, Co., a subsidiary of Mitsubishi Hitachi Power Systems, Ltd. (MHPS) today opened its new turbine rotor repair facility in Dammam, and announced plans to manufacture its most advanced gas turbines in the kingdom, as part of a phased investment strategy in the Kingdom.Read more