Posts by Staff Writer

Bengaluru Startup Leanworx Secures ₹8.3 Crore to Expand Machine Monitoring Solutions

Leanworx, a Bengaluru-based company specializing in real-time machine monitoring systems, has raised ₹8.3 crore in a seed funding round. According to the company, the funding was led by YourNest Venture Capital, contributing ₹6.5 crore, alongside ₹1.5 crore from an angel investment group. The investment is part of the YourNest-SanchiConnect Velocity Program 2024, which supports startups […]

Karl Schüssler Establishes Subsidiary in India to Expand Local Operations

Karl Schüssler GmbH & Co. KG has announced the creation of its wholly-owned subsidiary, Schuessler India Private Limited. This move aims to enhance the company’s operations in the Indian market by offering localized support, invoicing in Indian Rupees, and maintaining stock within the country. Schuessler India will focus on meeting the needs of industries such […]

Haier India Plans Third Manufacturing Facility in Southern India by 2027

Haier Appliances India has announced plans to establish its third manufacturing facility in southern India, aiming to expand its production capabilities, according to a report by PTI. The company is currently finalizing the location for the plant, which is expected to become operational between 2026 and 2027. The proposed facility will primarily serve the domestic […]

Hycom Engineering Plans ₹100 Crore Investment for New Facility in Bidadi

Hycom Engineering, a precision engineering manufacturer, is planning to establish a third production facility in Bidadi, Karnataka, with a proposed investment of ₹100 crore, according to a report by The Hindu Business Line. The new plant is expected to double the company’s annual production capacity from 40,000 units to 80,000 units by FY29 and generate […]

Munters Opens New Manufacturing Facility in Malur, Karnataka

Munters, a Swedish company that offers climate control solutions, has inaugurated a new manufacturing facility in Malur, Karnataka, on December 4, 2024. The facility, known as Malur Unit II, is designed to expand the company’s production capacity for dehumidification and air handling unit solutions to meet regional demand. The event featured a tour of the […]

Medsource Ozone Opens New IVD Manufacturing Facility Near Delhi

Medsource Ozone has announced the opening of a new in vitro diagnostics (IVD) manufacturing facility located approximately 45 minutes from Delhi. According to the company, this is the third manufacturing facility established by Medsource Ozone and is designed to cater to both domestic and international markets. The opening ceremony was attended by company leadership, including […]

Whirlpool Partners with PG Electroplast for Manufacturing Semi-Automatic Washing Machines

Whirlpool of India Limited and PG Electroplast Limited have signed an agreement for the contract manufacturing of specific semi-automatic washing machine models under the Whirlpool brand. The production will take place at PG Electroplast’s facility in Roorkee. This collaboration builds on an existing partnership between the two companies, with PG Electroplast already supplying Whirlpool-branded air […]

BEML Inaugurates Futuristic Innovation Centre in Bengaluru

BEML Limited inaugurated its Futuristic Product Innovation and Incubation Centre (FPIIC) at its Bengaluru facility on December 24, 2024. The event was attended by Vice Chief of the Naval Staff Krishna Swaminathan, along with BEML Chairman and Managing Director Shantanu Roy, senior officials, and defence personnel, according to a press release issued by the company. […]

Suzuki-Backed Next Bharat Ventures Highlights Manufacturing and Investment Opportunities at Forum

Next Bharat Ventures, a Suzuki Motor Corporation subsidiary, hosted the “Next Billion Forum” in Gujarat’s GIFT City, emphasizing strategies to bolster India’s manufacturing sector and integrate rural and informal economies into national growth objectives. The event also marked the launch of applications for the second cohort of the Next Bharat Residency Program, aimed at nurturing […]