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Policy push and new technologies to drive electrical vehicles sales in India

Though the electric vehicle (EV) penetration in India is only 6.8 per cent (in FY24), the growth opportunity in the EV sector is only going to go up in the future driven by shifting consumer preferences, strong governmental support and technological progress, says Rakesh Rao.Read more

L&T targets order pipeline of Rs 9 trillion for FY24-25; CFO

There are infrastructure project opportunities worth $60 billion in the Middle East, with L&T targeting to secure 5-10% of these projects.Read more

Texmaco Rail acquires Jindal Rail Infra for Rs 6.15 billion

This acquisition, the largest in India’s rolling stock industry, will significantly enhance Texmaco’s manufacturing capacity, establishing it as the country's largest wagon producer.Read more

Tembo Global integrates two divisions to streamline operations

Tembo Global Industries Ltd. integrates the umbrella of the new divisions – Tembo Global Infra Ltd. and Tembo Defense Products Ltd.Read more

Budget 24-25: Rs 11.11111 trillion allocated for capital expenditure

To encourage the states to provide support of similar scale for infrastructure, the Finance Minister Smt Nirmala Sitharaman announced a provision of Rs 1.5 trillion for long-term interest free loans this year. Read more

Chinese auto manufacturer BYD to establish $1 bn manufacturing plant in India

Due to its Chinese connections, BYD is partnering with Hyderabad-based Megha Engineering and Infrastructures.Read more

Focus on incremental reforms

According to a recent report of DSP Mutual Fund, the manufacturing sector's contribution to India's GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure. Read more

Nicholas Cumins appointed CEO of Bentley Systems

Cumins is the first CEO in the company’s 40-year history who is not a Bentley family member, marking a significant milestone in the company’s development. Read more

KEC International wins new orders worth Rs 10.02 billion

With this order in Northern India, KEC is now constructing over 70 high-rise buildings for marquee clients across the country. Read more

KONE has the largest and fastest elevators in the tallest building in India.”

In this interview with Pratap Padode, Editor-in-Chief, Smart Manufacturing & Enterprises (SME), Amit Gossain, MD, KONE Elevator India, highlights the importance of safety and sustainability in the elevators and escalators industry, along with new growth opportunities.Read more

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