Igus, a manufacturer of motion plastics, has opened a new 92,000 sq ft manufacturing facility near Budigere in Bengaluru, India. This expansion, which includes over ₹100 crores (approximately 12 million euros) in investment, aims to enhance the company’s production capabilities to support growing demand in sectors like semiconductors and renewable energy. The facility is part […]
Gujarat Toolroom Limited has raised ₹50 crores through a Qualified Institutional Placement (QIP), issuing 43,478,260 equity shares at ₹11.50 per share, including a premium of ₹10.50 per share. This capital raise marks an increase in the company’s paid-up equity capital from ₹11.66 crores to ₹16.01 crores, following the allotment of shares to institutional investors. The […]
JSW Green Mobility has been allotted 636 acres of land in AURIC City’s Bidkin node, Maharashtra, where the company plans to set up a manufacturing unit. The Maharashtra Industrial Township Limited (MITL) issued the land allotment certificate online. The company intends to use 546 acres of the allocated land for electric car production, while 90 […]
India’s sustainable aviation fuel (SAF) production has the potential to reach 8-10 million tonnes by 2040, according to a Deloitte India report. This output would surpass the country’s domestic needs, positioning India as a potential exporter of SAF. The report estimates that the development of SAF production will require investments of between USD 70-85 billion. […]
Airbus has announced plans to further increase its sourcing of components from India, a plan which has already doubled to €1 billion in procurement between 2019 and 2024. The European aircraft manufacturer, which has secured significant aircraft orders from IndiGo and Air India, currently works with more than 100 Indian suppliers, according to CEO Guillaume […]
The Indian government has announced an allocation of ₹1,000 crore for a venture fund to support space startups. The decision was highlighted by Jitendra Singh, the Minister of State for Science and Technology and other departments, during a press briefing. This move is part of a broader strategy to prioritize the space sector in the […]
Mantra E-Bikes is set to establish a new 10-acre manufacturing facility in Hisar, Haryana, aimed at expanding production capacity to meet its target of selling 40,000 electric scooters by 2025. The facility will employ modern technology and automation to enhance operational efficiency and maintain product quality. In 2023, Mantra E-Bikes broadened its product line by […]
Bharat Electronics Limited (BEL) has entered into a Memorandum of Understanding (MoU) with the Space Applications Centre (SAC) of the Indian Space Research Organisation (ISRO) to collaborate on the manufacturing of space-grade Travelling Wave Tube Amplifiers (TWTAs) in India. This agreement is part of an effort to indigenize production and reduce dependence on foreign suppliers. […]
India’s manufacturing sector experienced growth in 2022-23, according to the Annual Survey of Industries released by the Ministry of Statistics and Programme Implementation. The report highlights a 7.3% rise in Gross Value Added (GVA) in the industrial sector compared to the previous year, driven by key industries including basic metals, refined petroleum, food products, chemicals, […]
The Bidkin Industrial Area (BIA) in Maharashtra has officially been launched, marking a significant development in India’s industrial sector. The area, covering 7,855 acres, is part of the National Industrial Corridor Development Programme and is located within the Delhi-Mumbai Industrial Corridor. It is expected to boost economic activity in the Marathwada region due to its […]
