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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

Siemens Limited declares CAPEX of over Rs 10 billion

The company's Smart Infrastructure Business is set to boost its factory presence in Goa with an investment of Rs 3.33 billion, marking the largest investment by Siemens in the state. Read more

As fine as a human hair: New igus micro-gears with 0.2 module

The micro gears' delicate teeth make them suitable for very precise applications in small installation spaces.Read more

Revent along with ECS Mobility opens manufacturing facility in Haryana

The new facility, which will cater to the needs of automotive and non-automotive segments, will manufacture ring gear on flex plates, ring gears on flywheels, independent ring gears, and ring gears assembled with flywheels and flex plates.Read more

Hamza Arsiwala: AI & smart metering are changing the dynamics in power sector

In this interview with Manish Pant, Hamza Arsiwala, President of IEEMA, gives a sense of the paradigm shifts taking place in the country’s power sector. Read more

Finolex Cables to invest Rs 580 crore to expand optic fibre cables capacity

This expansion in Maharashtra encompasses the installation of fibre draw towers and the implementation of backward integration for the production of glass preforms, crucial in the fibre drawing process.Read more

Global geared products market anticipates slowdown; India to prop up revenue

Interact Analysis forecasts a revenue decline of 1.9 per cent for the global geared motors and industrial gears market in 2024. It is expected that Indian and Southeast Asian markets will prop up revenue growth of geared products in APAC over the next couple of years. Read more

Gujarat's IT/ITeS sector gears up for transformative growth and global collaboration

In the fiscal year 2021-22, Gujarat achieved a remarkable 14% annual growth in IT/ITeS exports. As part of its strategic plan, the state aims to boost these exports to Rs 25,000 crore over the next five years.Read more

India joins Battery Energy Storage Systems Consortium led by GLC

In a collaborative push, India aligns itself with pioneering nations committed to securing 5 GW of BESS commitments by the end of 2024.Read more

Siemens to invest Rs 416 crore for expanding manufacturing capacity in India

The company will expand manufacturing capacity of power transformers and vacuum interrupters for medium voltage switchgear. Siemens Ltd has also registered 21% increase in revenue and 53% increase in PAT in FY 2023 (October 2022 to September 2023).Read more

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