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India's MedTech Sector booms with $464 mn foreign investment surge in 2023
Pavan Choudary, MedTech, Medical Technology Association of India, National Medical Device PolicyRead more
Major companies vie for India's Green Hydrogen, Electrolyser incentives
20 firms, such as Reliance Industries, Adani Group, Jindal India, Larsen & Toubro, and Bharat Heavy Electricals, have presented bids for incentives related to the manufacturing of electrolysers, according to statements from the Solar Energy Corp of India.Read more
Indian Railways to invest Rs 1 tn in new trains, aiming to eradicate waiting lists by 2030
Ashwini Vaishnaw emphasised the need to replace aging rolling stock, estimating a requirement of 7,000-8,000 new train sets. The procurement process for these sets is expected to span the next four to five years.Read more
Google strategically invests in India's MSME market, digital transformation initiatives
Acknowledging the challenge of limited credit access hindering MSME growth in India, Sanjay Gupta highlighted the country's underdeveloped MSME sector, contributing only 28 to 29% of GDP compared to 55 to 60% in the US and China.Read more
RACE Energy launches battery swapping for E-Tuk Tuks in Sri Lanka
In collaboration with Lanka E-Mobility Solutions (LeMS), RACE Energy has initiated a pilot program for its battery swapping technology under the 'e-wheel' brand, focusing initially on electric three-wheelers in Colombo.Read more
India expands global partnerships for critical minerals acquisition: Pralhad Joshi
Notably, Argentina, possessing the world's third-largest lithium reserves, and Australia, a major producer of potash and lithium, are key targets for these efforts.Read more
Cientra, Invas join hands for groundbreaking 5G IoT solutions for Agriculture, Mining
The collaboration aims to seamlessly integrate and optimize the functionalities of Cientra's 5G platform with Invas's cutting-edge Internet of Things (IoT) devices.Read more
Royal Enfield opens eastern warehouse in Kolkata to supply streamlined parts
The Asia Pacific region plays a substantial role, contributing 20% to Royal Enfield's overall exports.Read more
Himadri Speciality Chemical invests Rs 4,800 cr in Li-ion battery component manufacturing
The company aims to produce 200,000 tonnes of lithium iron phosphate (LFP) cathode active material, contributing to the creation of 100 gigawatt hours (GWh) of Li-ion batteries in phases over the specified timeframe.Read more
Sadhana Nitro Chem to establish green hydrogen facility for Rs 50 cr
The funds for the rights issue will be mainly used for the acquisition of a 126-acre land plot. This land will be strategically employed for the establishment of both a solar power facility and a wind energy installation.Read more