Nefab Group, a global provider of industrial packaging, logistics and digital services, has announced the establishment of a new production facility in Bengaluru, operational as of December 5, 2024. According to an announcement, the facility aims to enhance the company’s production capabilities in India. The new unit includes a pallet and crate production line and […]
The steel cutting ceremony for the first Next Generation Missile Vessel (NGMV) for the Indian Navy took place on December 16, 2024, at Cochin Shipyard Limited (CSL) in Kochi. The event marked the start of construction for the vessel under a contract signed in March 2023 for six ships, with deliveries expected to begin in […]
A one-day workshop on advancing India’s semiconductor ecosystem was held on December 13, 2024, at the Manekshaw Centre in Delhi. Organized by Headquarters Integrated Defence Staff (IDS), the workshop focused on strategies to make India self-reliant in integrated circuit (IC) chip manufacturing. Vice Admiral Sanjay Vatsayan, Deputy Chief of IDS (Perspective Planning and Force Development), […]
Multiple US companies have settled bribery cases with the United States Department of Justice (DOJ) and Securities and Exchange Commission (SEC), paying significant fines to resolve charges of corrupt practices in India and other countries, according to a report by The Pioneer. Key Cases and Penalties Details of Bribery Schemes The SEC orders describe various […]
Suchi Semicon has inaugurated a $100 million outsourced semiconductor assembly and testing (OSAT) facility in Surat, Gujarat, with production set to begin for a major client. The plant includes a pilot production line capable of manufacturing 300,000 chips daily and is expected to generate $100 million in revenue within its first three years. The facility […]
LG Electronics India has announced plans to establish a new manufacturing facility in Andhra Pradesh as part of its strategy to expand production capacity. The facility will complement the company’s existing manufacturing units in Greater Noida and Pune, which have a combined capacity of approximately 1.4 crore products annually. The company aims to enhance its […]
The Ministry of Steel has introduced a Taxonomy of Green Steel, aiming to standardize the definition and assessment of low-emission steel in India. The taxonomy was launched during an event at Vigyan Bhavan, New Delhi, on December 12, 2024, with officials from various ministries, industry representatives, and international delegates in attendance. The taxonomy defines green […]
AVG Logistics Limited has announced securing a ₹90-crore contract to provide logistics services to a domestic cement manufacturing company. The contract spans three years, starting in the third quarter of fiscal year 2025. The agreement marks AVG Logistics’ expansion into the cement sector, a critical component of India’s construction and infrastructure industries. The company will […]
Schneider Electric has announced plans to set up a new printed circuit board (PCB) manufacturing facility in Karnataka, India. The announcement was made during a meeting in Paris between Karnataka’s Industries Minister MB Patil and executives from Schneider Electric. The meeting was part of a global roadshow promoting Invest Karnataka 2025, the state’s flagship investment […]
Hitachi Construction Machinery has announced plans to establish a new subsidiary, Hitachi Construction Machinery Development Center India Private Limited, in Hubballi, Karnataka, by late December 2024. The center will focus on the development and design of construction machinery, with operations expected to ramp up by April 2026. The company plans to invest 99 million rupees […]
