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We opened a new office in Germany named ACE Micromatic International
Ace Micromatic Group is a global machine tool group offering a variety of solutions in turning, milling, grinding, IoT, 3D printing and smart manufacturing. Ace Designers Limited is the group company which deals into turning machines. T K Ramesh, Managing Director, Ace Designers Limited in this interview with Ayushi Khandelwal shares the trending drift in products as well as demand in the machine tool industry.Read more
Atlas Copco to expand manufacturing factory in Pune for Rs 140 cr
At the Talegaon facility, around 80 per cent of the energy will come from solar panels and three-fourths of the water consumed will be derived from rainwater harvesting.Read more
TN govt partners with WEF for Advanced Manufacturing Centre in Chennai
Former industries minister Thangam Thenarasu previously shared plans for this advanced manufacturing centre, aiming for its launch by January 2024.Read more
Apple Takes Strategic Steps to Enhance Local Component Manufacturing in India
Apple's strategic moves to bolster local manufacturing in India for market expansionRead 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
Waaree Energies raises Rs 1000 cr in 2nd round of equity funding
The investment round was led by ValueQuest, an investment firm known for its strategic focus on sustainable and progressive ventures.Read more
United Grinding presents product highlights at EMO Hannover 2023
The United Grinding Group will again be represented with a prominent booth at the EMO Hannover 2023 - Hall 11, Booth E34. On 1,000 m2, the group will present 16 machines, including some novelties, as well as innovative products and services from the "customer care" area.Read more
Mahindra Group to enable US companies to expand global manufacturing footprint
The Mahindra Group will support interested companies in setting up their manufacturing base in India in a range of ways including modular plug-and-play suite of offerings.Read more
Chips are up!
Over the past decade, the Indian electronics hardware industry has witnessed significant growth and transformation with rising manufacturing and export volumes. India's share in the global electronics industry has increased significantly, rising from 1.3 per cent in FY12 to 3.75 per cent in FY22. Read more
Semiconductor slump challenges global manufacturing growth
South Korea and Taiwan will be heavily impacted as such a large proportion of their manufacturing is tied to semiconductors and the electronics industry, says Interact Analysis’ report.Read more