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Gleason machines increase efficiency of large gear production

The new Phoenix 500C Bevel Gear Cutting Machine is highly productive solution for larger gears - cutting cycle times, ensuring precision, driving down cost and making life easier for operators and maintenance.Read more

Budget 2022 - Govt increases capex by 35% to Rs 7.50 trn in 2022-23

In defence sector, 68% of the capital procurement budget will be earmarked for domestic industry in 2022-23, up from 58% in 2021-22. Defence R&D will be opened up for industry, start-ups and academia with 25% of defence R&D budget earmarked.Read more

Funding for battery storage & smart grid increases in 2021

Battery storage, smart grid, and energy efficiency received $19.5 billion in corporate funding in 2021 compared to $8.1 billion in 2020, says a Mercom reportRead more

Construction equipment sales in India drops by 23% in Q3 FY22: ICEMA

The construction equipment sales suffered on account of multiple factors, the most noteworthy being the significant slowdown in road construction activity, according to the Indian Construction Equipment Manufacturers Association (ICEMA).Read more

Godrej Tooling expects 30% YOY increase in revenues

E-mobility is gaining traction in India due to its eco-friendly feature, tax rebates and low cost of maintenance. Growing electric vehicles industry is expected to increase demand more complex, higher value-added tools.Read more

Kirloskar Brothers receives patent for concrete volute pumping assembly

The patent received for Concrete Volute Pumping Assembly is a significant milestone as it will help the company offer these pumps with reduced submergence leading to reduced excavation cost to the customer.Read more

Igus’ new pads increase service life of E4.1 energy chains

They are made of a highly abrasion-resistant igumid polymer, which can double the service life of the energy supply system at travel speeds of 1-3m/s.Read more

Samsung expands Vietnam factory to increase foldables production

Samsung plans to begin the expansion soon, with full operation expected by the end of 2021 or early 2022. It would increase Samsung’s annual foldable production capacity by 47%, from 17mn to 25mn.Read more

IPF Video Roundtable: How to increase machine tools productivity?

Industrial Products Finder (IPF), along with Gates Corporation, hosted a video Roundtable - titled “How to increase machine tools productivity?” to track trends in end-user industries and emerging opportunities for machine tool makers. Rakesh Rao reports...Read more

Solar installations to increase 3-fold to reach 10 GW in 2021: Mercom

Mercom India Research is forecasting over 10 GW of solar installations in 2021 compared to 3.2 GW in 2020 - the year in which the installations declined by 56 per cent over 2019. Read more

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