Sekisui Chemical, a manufacturer of plastics, housing, and medical products, has announced plans to establish a new injection molding plant in Pune, Maharashtra, through its joint venture, Sekisui DLJM Molding Private Limited. The facility will be the company’s sixth manufacturing site in India. The investment is approximately USD 3 million, with operations scheduled to begin in […]
Uravi Defence & Technology Limited, a producer of automotive lamps, has unveiled plans to acquire 100 percent equity in UK‑based Spafax International Ltd via its wholly owned subsidiary, Bharat Technology Ltd. The phased acquisition will kick off with a majority stake in 2026, followed by subsequent tranches. Spafax, originally founded in 1938 but incorporated as […]
Fabheads Automation, a manufacturer of composite components, has raised USD 10 million through a mix of equity and venture debt to scale its automated composite manufacturing operations. The funding round was led by Accel, with INR 200 million (approximately USD 2.3 million) in venture debt provided by Trifecta Capital. This brings the Chennai-based company’s total […]
Avantel Limited, a provider of communication and technology solutions, has received domestic defence manufacturing orders worth INR 247.3 million from Mazagon Dock Shipbuilders Limited (MDL) and the Defence Research and Development Organisation (DRDO), increasing its order book to INR 2.87 billion. Mazagon Dock awarded the company a contract worth INR 110.6 million (inclusive of taxes) for […]
Raymond Group, a diversified Indian business group, plans to invest INR 12 billion in Andhra Pradesh, focusing on the manufacture of garments, auto components, and aerospace products. According to a report by MoneyControl, The investment is part of the company’s broader diversification strategy beyond textiles into engineering, defence, and precision manufacturing. Raymond’s entry into the aerospace […]
Discussions between Indian and Croatian business leaders have highlighted mutual efforts to expand economic cooperation, particularly in trade, investment, and labour. Croatia has attracted interest from Indian companies in sectors such as logistics and manufacturing, and officials expressed openness to deeper collaboration. Croatia’s Minister of Foreign and European Affairs, Gordan Grlić Radman, noted that Indian […]
EKA Mobility, a developer of electric commercial vehicles, has raised INR 200 billion from private equity firm ENAM Holdings to expand its manufacturing operations. The funding, secured through convertible preference shares, will be used to develop three manufacturing plants as the company scales up commercial electric vehicle (EV) production. The Pune-based electric vehicle company currently […]
Kaynes Semicon Private Limited has opened a new office for its System Solutions Group (SSG) in HSR Layout, Bengaluru. The state‑of‑the‑art facility will support SSG’s system development operations—including hardware and test‑equipment design, system‑board development, and silicon characterization. SSG delivers comprehensive services, spanning package and PCB design with simulation, signal and power integrity analysis, EMI/EMC compliance, […]
Quality Power Electrical Equipments Ltd. has announced plans to set up a new coil manufacturing facility in Kupwad MIDC, Sangli, Maharashtra. The project is part of the company’s strategic expansion to meet growing global demand for high-voltage reactors and coil-based components used in HVDC, STATCOM, and FACTS systems. The new plant will include 44 winding […]
The Ministry of Heavy Industries has launched the application portal for the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI). The portal opened on 24 June 2025 at 10:30 a.m. and will remain accessible until 21 October 2025 at 6:00 p.m. The scheme aims to attract investments from global electric vehicle (EV) […]
