Festo India has commenced supplies against customer orders from its new manufacturing facility in Bairamangalam. Krishnagiri District, Tamil Nadu from May 5, 2025. The company has informed its existing customers to create a new vendor code for the new Krishnagiri faclility. The first phase of the new facility is expected to be formally opened by […]
Signify, a lighting solutions provider, and Dixon Technologies, a diversified manufacturing company, have announced plans to establish a joint venture aimed at manufacturing lighting products and accessories in India. The proposed entity, subject to regulatory approvals, will produce a range of lighting products for various brands in the Indian market. Both companies will hold equal […]
Apollo Defence Industries Private Limited, a subsidiary of Apollo Micro Systems Limited, has signed a definitive agreement to acquire 100% equity in IDL Explosives Limited from GOCL Corporation Limited for INR 1.07 billion. The acquisition, structured as a cash transaction, is expected to be completed within two to three months subject to regulatory and corporate […]
The Maharashtra government has approved a new policy focused on shipbuilding, ship repair, and ship recycling, targeting an investment of INR 66 billion and the creation of 40,000 jobs by 2030. The policy further aims for INR 180 billion in investment and 330,000 jobs by 2047. According to the policy, development plans include establishing marine […]
AXISCADES Technologies Ltd., an engineering solutions provider, has announced the appointment of Ravikumar Joghee as Chief Strategy & Marketing Officer. He will also serve as President – USA, overseeing the company’s operations and growth initiatives in North America. In his new role, Joghee will be responsible for driving strategic planning and managing the company’s talent […]
Nova Coating, a producer of surface treatment technologies, has announced the establishment of a new surface treatment facility in Pune, India, in partnership with Unitherm Engineers Limited. The facility, located in Chakan, Pune, is scheduled to begin operations on May 16, 2025. The Pune facility will offer services including Physical Vapor Deposition (PVD) coating, polishing, […]
The University of New South Wales (UNSW) SMaRT Centre and the Steel Research and Technology Mission of India (SRTMI) have signed a Memorandum of Understanding (MoU) to collaborate on green steel manufacturing, decarbonisation, and advanced steel technologies. The agreement emphasises sustainable production methods using recycled materials in steelmaking. The MoU was formalised at the India […]
Kranti Industries Limited, a manufacturer of precision components, has received a sample purchase order from Bonfiglioli Transmission Private Limited for the development and supply of industrial machinery parts for use in heavy-duty gearbox systems. The estimated annualized value of the order is approximately INR 68.4 million. The order marks Kranti Industries’ entry into the heavy-duty […]
Hydreco, a manufacturer of hydraulic components, opened a new manufacturing facility in Bangalore, India, on May 4. The plant is intended to strengthen the company’s support for the domestic market and contribute to its internal supply chain operations across regions. According to the company, the plant was developed under the direction of Ananth Bangalore Suryanarayana, […]
Komax India, a provider of automated wire processing solutions, has inaugurated a new, expanded Application Center in Gurgaon, increasing its operational footprint from 800 square feet to over 7,000 square feet within a year. The facility is focused on developing and producing localized application solutions tailored to customer-specific manufacturing requirements. The expansion is part of […]
