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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
Budget 2021's focus on economic revival to increase demand for automobiles
While voluntary vehicle scrapping policy, augmenting public transport system, etc were positives of the Budget 2021-22, some feel that increasing duties on auto components would increase production cost.Read more
FM increases capex by 34.5% in Budget 2021-22 to Rs 5.54 trillion
In addition, more than Rs 2 trillion will be provided to states and autonomous bodies for their capital expenditure during the year. Indian Railways to spend Rs 1.07 trillion for capital expenditure in 2021-22.Read more
Chemicals industry is at inflection point of incredible opportunity: Rahul Tikoo
Highlighting his expectations from budget 2021, Rahul Tikoo, MD – India Sub-continent & Polyurethanes South Asia Business, Huntsman Corporation, says, economic growth and changing consumer preferences will unfold new avenues for growth for the Indian chemical sector.Read more