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ICRA Reports: Regulatory changes may raise commercial vehicle prices by 10-12%
ICRA emphasized that the commercial vehicle (CV) sector within the Indian automotive industry is of particular concern, as it contributes significantly to vehicular emissions in the country.Read more
UK consortium launches I-Break Project for aerospace innovation
Under the aegis of the Aerospace Technology Institute (ATI) Programme, I-Break receives funding as part of a broader United Kingdom government initiative, with £218 million earmarked for pioneering research and development endeavours in the aerospace sector.Read more
HP pursues Indian PC manufacturing growth through PLI 2.0
To bolster PLI 2.0, the government has implemented restrictions on the import of IT hardware, requiring OEMs to apply for licenses before importing.Read more
Gensol Engineering wins 14.08 MW EPC projects in Dubai for Rs 1.016 bn
The scope of the two contracts encompasses a wide array of tasks, including design, engineering, supply, construction, erection, testing, and commissioning. Read more
Manufacturing GVA lags behind despite positive economic indicators
In the first quarter of the preceding fiscal year, it remained stagnant at 17.2 per cent.Read more
Servotech to establish EV Charger Manufacturing Plant, signs MoU with UP govt
The plant will be set up under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022. The MoU was signed by Raman Bhatia, Managing Director, Servotech Power Systems, and Nand Gopal Gupta ‘Nandi’, Minister of Industrial Development, Government of Uttar PradeshRead more
GeM become one of the largest public procurement portal, marks 7 years
Government e-Marketplace (GeM) is India's online marketplace for public procurement. It commemorates its 7th Foundation Day and marks achievements in both transaction value and the breadth of the buyer-seller ecosystem.Read more
Torrent Power signs MoU with Maharashtra govt for Pumped Storage Hydro Projects
The projects, requiring an investment of Rs 27,000 crores, will create employment for 13,500 people and provide minimum six-hour energy storage.Read more
Hyundai Motor India exchanges MoU with TN govt, planning to invest Rs 20,000 Cr
Hyundai Motor India Limited (HMIL) is planning for a long-term investment in the state of Tamil Nadu for over the period of 10 years (2023 to 2032) with a plan to increase production volumes and introduce new electric vehicle models. Read more
HM23: Engineering green growth
HM23: Engineering green growthRead more