Samuthra Infrastructure Pvt. Ltd. has announced plans to develop industrial and business parks in over 10 Indian states, with a total investment of $10 billion. According to the company, the initiative aims to expand infrastructure for industries including automotive, electronics, textiles, and information technology. The first phase of development will focus on Tamil Nadu, with […]
Aeroflex Industries Limited has increased its stainless steel hose and braiding production capacity by 1.5 million meters annually, bringing its total capacity to 16.5 million meters per year. The company also expanded its composite hose production by adding three new production lines, doubling the number to six. Additionally, Aeroflex has launched a new product, Metal […]
The Government of Uttar Pradesh is progressing with the establishment of a Medical Device Manufacturing Park in Sector 28 of the Yamuna Expressway Industrial Development Authority (YEIDA) region. Spanning 350 acres, the park aims to support domestic manufacturers with cost-effective testing and scientific facilities, potentially reducing production costs and enhancing the competitiveness of locally manufactured […]
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 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 […]
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, 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 […]
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 […]
Advance Auto Parts India, a leading automotive aftermarket parts provider, has launched a new Innovation Hub at its India Innovation Center in Hyderabad. The facility, part of the company’s global capability center (GCC), aims to enhance operations supporting its North American business. The Innovation Hub is designed to provide a collaborative environment focused on developing […]
Daimler India Commercial Vehicles (DICV), a subsidiary of Daimler Truck AG, has received the Indian Green Building Council (IGBC) Platinum certification for its Oragadam manufacturing plant near Chennai. The certification, awarded under the IGBC Green Factory Building Version 2 standards, recognizes the facility’s adherence to advanced sustainability practices. This makes the Oragadam plant the first […]
