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AXISCADES, Singapore-based Cantier forge Industry 4.0 partnership
The joint effort is geared towards enhancing connectivity and data-driven decision-making capabilities, ultimately expediting the production of top-tier products.Read more
Service is the new growth engine for industrial manufacturers: KPMG report
KPMG International report - titled ‘The future of smart industrials’ - discusses the challenges manufacturers are experiencing with their current efforts and the capabilities that are needed for success, among other key insights on the sector.Read more
SIDBI aims for 25% MSME lending share, plans equity boost and green fund
Established in 1990 through an Act of Parliament, SIDBI functions as a development financial institution (DFI) with the primary objectives of promoting, financing, and fostering the growth of the MSME sector.Read more
Odisha Govt approves Rs 1 lakh crore investment in nine key projects
Chief Minister Naveen Patnaik granted approval to the projects which promise to create employment opportunities for a substantial workforce of 28,565 individuals across diverse sectors.Read more
Olectra Greentech doubles electric bus production, eyes 9,000 orders
Olectra Greentech aims to broaden its product portfolio by venturing into the manufacturing of electric tippers.Read more
Indorama ventures to invest $150 mn in Indian PET Recycling Plants
Indorama Ventures Public Co Ltd, headquartered in Bangkok and primarily owned by Indian stakeholders, is embarking on a $150 million investment in three PET recycling facilities across India.Read more
India imposes anti-dumping duty on Chinese Steel amid Surging Imports
China managed to surpass South Korea to become the largest steel exporter to India, selling 0.6 million metric tons between April and July.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
Tata Steel launches fully automated Construction Service Centre in UP
The fully automatic downstream manufacturing facility has a production capacity of 3,500 TPM (tonnes per month), and the company plans to set up another 10 such centres at different locations in the country.Read more
Start-up Neuron Energy leads EV battery innovation with impressive growth
In 2023, 36 startups focused on EVs have secured over $480 million in investments.Read more