Boeing President and CEO Kelly Ortberg is visiting India on his first international trip since assuming leadership of the aerospace manufacturer in August 2024. During the three-day visit, Ortberg met with Finance Minister Nirmala Sitharaman in Delhi and is scheduled to engage with Boeing employees and customers in the country. Indian airline companies have placed […]
The International Battery Company (IBC) is set to begin production at its lithium-ion battery manufacturing unit in Bengaluru within nine months. The project, with an estimated investment of ₹390 crore, is expected to create 300 direct jobs, according to a press release issued by the company. A groundbreaking ceremony for the factory, located at the […]
Chennai-based space technology startup OrbitAID has secured $1.5 million in pre-seed funding led by Unicorn India Ventures, with additional support from the Tamil Nadu Startup and Innovation Mission (TANSIM). The funding will accelerate the development and in-orbit demonstration of the company’s satellite servicing technology. OrbitAID, founded in 2021 by Sakthikumar R, Nikhil Balasubramanian, and Mano […]
Neuron Energy has announced the launch of a new manufacturing facility in Chakan, Pune, during the Bharat Mobility Global Expo 2025. The facility, which represents an investment of ₹25 crore, is designed to produce 1.5 GWh of lithium-ion batteries annually. The company aims to address the growing demand for electric vehicle (EV) batteries and energy […]
United Drilling Tools Ltd. (UDTL), a Noida-based manufacturer of drilling equipment, has secured an international order valued at $482,444 from Magitech International Limited in Taiwan. The agreement encompasses the supply of Survey Line Winch and Integral Blade Stabilizers, which are scheduled for delivery over the next six months. This contract represents UDTL’s initial entry into […]
Azad India Mobility has announced the provisional allotment of a 70.71-acre industrial plot in Andhra Pradesh to establish a manufacturing facility for electric vehicles (EVs). The allotment, facilitated by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC), includes an initial allocation of 36 acres for Phase-I, with reservations of 26 acres for Phase-II and 8.71 acres […]
British International Investment (BII), the UK’s development finance institution, has fulfilled its 2022 commitment to India’s electric vehicle (EV) sector with an additional investment of INR 650 crore in Mahindra Electric Automobile Limited (MEAL). This investment is part of a broader initiative to mobilize international funding for India’s EV industry, according to a press release […]
A drone manufacturing unit was inaugurated at the Centurion University of Technology and Management (CUTM) in Vizianagaram on Saturday. The initiative aligns with the Production Linked Incentive (PLI) scheme introduced by the central government to promote the manufacturing of drones and related components. Union Civil Aviation Minister Rammohan Naidu, along with MSME and NRI Affairs […]
Samvardhana Motherson International Limited (SMIL) has provided updates on its investment in Prysm Systems Inc. through its indirect wholly-owned subsidiary, MSSL Consolidated Inc. (MSSL Consol). The company announced these developments in a press release dated January 9, 2025. Prysm Systems’ ongoing development of the Gen 3 prototype has faced delays due to additional funding requirements. […]
India’s space program is expected to see significant industrial collaboration and manufacturing demands as part of Space Vision 2047, according to remarks from ISRO representatives during the National Aerospace Manufacturing Seminar (NAMS) 2025. The seminar highlighted the increasing role of industries in meeting the production and supply needs for rockets, satellites, and associated technologies. In […]
