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Govt extends Automotive PLI Scheme, aims for accelerated implementation

While delivering the keynote address at the review meeting, Mahendra Nath Pandey, Union Heavy Industries Minister urged the industry to provide feedback and engage in collaborative efforts to shape the policies, procedures, and overall effectiveness of the PLI scheme.Read more

Modulus Alternatives commits Rs 1.5 bn to Shivam Autotech in debut private credit fund investment

The investment is set to originate from the resources under the management of Modulus Alternatives, which includes their second fund, the India Credit Opportunities Fund II.Read more

Landmark GE-HAL deal ushers in New Era in India-US tech ties

For India, this pact holds the potential to bridge the divide between domestic manufacturers and global standards, enhancing both defence deterrence and offensive capabilities.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

TPREL and SSMI partner for 28.12 MW green energy plant in Maharashtra

This project, slated for commissioning by March 2024, is in line with SSMI's climate change strategy, aiming to diminish reliance on fossil fuels and promote the production of eco-friendly steel.Read more

Asia's export powerhouses face manufacturing slump amidst weak demand

According to manufacturing purchasing managers' surveys released by S&P Global and au Jibun Bank, factories in North Asia witnessed declines in new orders, production, and export sales.Read more

India's IT hardware PLI Scheme sees strong industry interest

The government anticipates a cumulative investment of Rs 5,010 crore from the pool of 40 applicants, which includes prominent global IT hardware firms like Dell and HP participating directly in the revised production-linked incentive scheme.Read more

Actalent, CMTI forge partnership to advance smart manufacturing

Actalent and CMTI will also embark on joint research endeavours encompassing a diverse array of focus areas.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

Tata Power to work on 4.4 MW RE project with Anand Group

Within the framework of this agreement, TPREL will oversee the generation of a substantial 10 million units of clean energy using renewable sources. Read more

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