ReNew Energy Global Plc has secured a USD 100 million investment from British International Investment (BII) to expand its solar manufacturing operations in India. The funds will be directed toward ReNew’s solar manufacturing subsidiary, ReNew Photovoltaics Private Limited, to support capacity growth and infrastructure development. BII will acquire a minority stake in ReNew Photovoltaics as […]
The Government of Karnataka has signed two Memorandums of Understanding (MoUs) with the Indian National Space Promotion and Authorization Center (IN-SPACe) to support the development of a space manufacturing park and a Center of Excellence for Space Technology. The agreements were formalized on 6 May 2025 in Bengaluru in the presence of senior government officials […]
Fujifilm Corporation has signed a Memorandum of Understanding (MOU) with Tata Electronics Private Limited to collaborate on the development of a semiconductor materials ecosystem in India. This partnership aims to support Tata Electronics’ efforts in constructing India’s first semiconductor front-end and large-scale semiconductor back-end manufacturing plants. The collaboration will see Fujifilm providing semiconductor materials tailored […]
The recently signed India–UK Free Trade Agreement (FTA) marks a transformative moment in bilateral relations, particularly for the manufacturing and engineering sectors. Projected to boost annual bilateral trade by GBP 25.5 billion (USD 34 billion) by 2040, this FTA is the UK’s most comprehensive post-Brexit deal. It aims to double or even triple current trade […]
Magellan Aerospace Corporation has signed long-term agreements with Pratt & Whitney Canada involving both contract extensions and new manufacturing program awards. Under the agreements, Magellan will supply complex machined components from its facility in the KIADB Industrial Area, Tumkur, Karnataka, through 2034. To support the increased scope of work, Magellan will invest in a new […]
India and Japan are exploring expanded defence industry collaboration, with a focus on potential joint work in tank engines, aero engines, and emerging technologies. This was discussed during a bilateral meeting between Defence Minister Rajnath Singh and Japanese Defence Minister Gen Nakatani in New Delhi on May 5, 2025. Singh highlighted the Indian defence sector’s […]
India has proposed eliminating tariffs on select imports of steel, auto components, and pharmaceuticals from the United States up to a predetermined volume, as part of ongoing bilateral trade negotiations. The offer, which includes a reciprocal arrangement, was reportedly made by Indian trade officials during a visit to Washington in late April. According to a […]
Azad Engineering, a manufacturer of precision-engineered components, has signed a six-year manufacturing contract worth USD 53.5 million with GE Vernova’s Steam Power Services business unit. The agreement, which extends through 2030, involves the production and supply of rotating and stationary airfoils used in nuclear, industrial, and thermal power applications. The company will manufacture these components […]
West Coast Optilinks, a division of West Coast Paper Mills Limited, has commenced commercial production at its new optical fiber manufacturing facility located at Fab City, Rangareddy, Telangana. The facility was launched on April 30, 2025, and is intended to enhance the company’s backward integration capabilities. The new plant uses equipment sourced from European suppliers […]
Clas-SiC Wafer Fab Ltd, a producer of silicon carbide wafers, has reported significant business developments following a GBP 10 million equity investment from Archean Chemical Industries (ACIL) in late 2024. The company is expanding its licensing and consulting activities and supporting new silicon carbide (SiC) manufacturing initiatives in Asia and Europe. According to Clas-SiC, ACIL […]
