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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

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

Danfoss to develop energy-efficient cold chain infrastructure for Africa & India

There is an imperative need for cold chain solutions to cover food production to reduce wastage and loss in countries like India and Africa. Read more

Siemens to invest over Rs.10 billion to expand operations in India

The company aims to meet the growing demand in critical sectors such as industry, infrastructure, and power distribution by expanding two of its factories. This strategic move includes the establishment of a state-of-the-art metro train manufacturing facility in Aurangabad and the expansion of the Smart Infrastructure Operations in GoaRead more

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