Damson Technologies has inaugurated a new manufacturing facility near Ahmedabad as part of its plan to shift 50% of its manufacturing operations from China to India. The initiative involves a total investment of ₹150 crore, with ₹50 crore allocated to the plant and ₹100 crore for marketing, research and development, and team expansion. The facility, […]
Havells India has finalized plans to establish a refrigerator manufacturing facility in Ghiloth, Rajasthan, with an investment of ₹480 crore. The facility is expected to add 1.4 million units to the company’s production capacity by the second quarter of FY27, according to a company filing. This decision marks a shift for Havells, which previously outsourced […]
Tata Electronics has reached an agreement to acquire a 60% stake in Pegatron’s iPhone manufacturing facility in Chennai, India, according to sources familiar with the matter. The Taiwanese company will retain a 40% share and provide technical support under the new joint venture, with Tata assuming operational control. The Chennai facility, which employs approximately 10,000 […]
Morel IL Ltd, an Israel-based audio driver manufacturer, has launched a new manufacturing facility in India through a joint venture with India’s Supreme Group, a provider of technology solutions with a strong presence in the automotive sector. The joint entity, named MS Acoustic Private Limited, aims to serve Original Equipment Manufacturer (OEM) projects in the […]
Haier Group has submitted a proposal to establish a joint venture with India’s JSW Group, involving an investment of approximately Rs 1,000 crore. The application, filed with the Indian government, is under review by an inter-ministerial committee led by the Home Secretary, in accordance with Press Note 3 of 2020, which requires government approval for […]
Aequs Infra has launched a manufacturing ecosystem for fast-moving consumer goods (FMCG) within the Hubballi Consumer Goods Cluster (HDC) in North Karnataka. The company aims to increase production capacity and facilitate domestic and international market access for companies operating in the region. The FMCG Manufacturing Ecosystem, part of a larger initiative by Aequs Infra, aims […]
Eyewear retailer Lenskart has announced plans to invest $200 million in a new manufacturing plant in southern India according to a report by The Economic Times. The upcoming facility is expected to be significantly larger than the company’s existing plant in Rajasthan, which has played a key role in its operations. This expansion comes as […]
