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DPIIT simplifies Industrial Entrepreneur Memorandum (IEM) portal
This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.Read more
Auto component major BorgWarner aims to grow EV revenues to 45% by 2030
As part of its Project Charging Forward, the company will invest to further expand electrification portfolio through organic and inorganic growth. It has also announced commitment to achieve carbon neutrality by 2035. Read more
Yokogawa joins hand with ICQ Consultants for biopharmaceutical business in USA
As per the alliance agreement, ICQ Consultants will provide consulting and engineering services for the installation, maintenance, qualification, and support of Yokogawa's bioreactor systems and related products in the USRead more
Chicago Pneumatic India launches two permanent magnet motor compressors
These compressed air solutions - launched under CPMV & CPVS range - can be used in industry segments such as general engineering, manufacturing, grain sorter, pharmaceutical, steel, etc where pneumatic and screw compressor applications come into playRead more
L&T Heavy Engineering flags off world’s heaviest LC-Max reactors ahead of schedule
These 3 super-heavy reactors weighing 2260 MT will help Hindustan Petroleum Corporation’s Visakh Refinery Modernization Project to convert the heaviest oils to high-quality BS-VI diesel, as well as increase feedstock and improve product flexibility.Read more
Tyre maker TVS Srichakra to invest Rs 10 bn for expansion
The company will make this investment over a period of 3 years in its Madurai (Tamil Nadu) and Pantnagar (Uttarakhand) plants to increase 2 & 3 wheeler tyre capacity by 25-30 per cent and doubling its off-highway tyre capacity from current levels.Read more
PLI scheme for bulk drugs and medical devices receives 243 applications
Production Linked Incentive (PLI) Scheme for bulk drugs and medical devices, which closed on 30 November 2020, received 215 and 28 applications from manufacturers of bulk drugs and medical devices respectivelyRead more
Freudenberg’s car cabin air filters offer protection against Coronavirus
Thanks to a sophisticated dual mode of action, micronAir proTect line filters - manufactured by the German firm for car makers - present a viable option next to other available cabin filter solutions, including the high-efficiency particulate air (HEPA) filtersRead more
Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn
10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more