India and Japan have discussed expanding maritime cooperation across shipbuilding, port development, and maritime training during a bilateral meeting between Indian Minister of Ports, Shipping and Waterways Sarbananda Sonowal and Japan’s Vice Minister for International Affairs Terada Yoshimichi. The meeting, held in Oslo, Norway, also covered potential investments by Japanese shipyards, employment of Indian seafarers, […]
Garden Reach Shipbuilders & Engineers (GRSE), a Kolkata-based shipbuilding company, has signed a memorandum of understanding with Norway’s Kongsberg to build India’s first indigenously constructed Polar Research Vessel (PRV). The vessel will be developed at GRSE’s Kolkata shipyard using design expertise from Kongsberg and in alignment with the requirements of the National Centre for Polar […]
L&T Technology Services (LTTS) has signed a strategic agreement with Tennant Company to support new product development in the sustainability segment. As part of the collaboration, LTTS will set up a dedicated Offshore Development Center (ODC) in India with a scalable engineering team to support Tennant’s work in product development, life cycle management, and related […]
Thermax, an energy and environment solutions provider, has inaugurated a pilot facility in Pune for the development of Solid Oxide Electrolyser Cell (SOEC) technology. The facility will focus on developing a pressurised SOEC system over the next 11 months in collaboration with UK-based technology partner CERES. According to the company, the facility is intended to […]
Maruti Suzuki India Limited has entered into a Memorandum of Understanding with the Japan External Trade Organization (JETRO) to promote cross-border startup collaboration between India and Japan. The agreement aims to facilitate access to startup ecosystems in both countries and support joint business opportunities. Under the agreement, startups in India selected through Maruti Suzuki’s innovation […]
Visteon, a manufacturer of auto components, has initiated in-house manufacturing of high-resolution analog and digital cameras, along with display backlight units (BLUs), at its facility in Chennai, India. The company has invested USD 10 million in this new production line, which is designed to support the development of cockpit electronics and driver assistance systems. The […]
Hi-Tech Pipes Limited, a manufacturer of a range of steel products, is in the advanced stage of commissioning two production facilities: a greenfield plant at Sikandrabad in Uttar Pradesh and a brownfield expansion of its Sanand Unit-II Phase II in Gujarat. Both facilities are designed to manufacture high-end specialized tubes and pipes for domestic and […]
Fiem Industries Limited, a manufacturer of auto components, has inaugurated a new office in Gurugram, Haryana, combining its R&D-Electronics division, Innovation Centre, and Corporate Office in a single location. The company expects the consolidation to improve coordination between departments, speed up decision-making processes, and support a unified organizational culture. “This strategic move brings together core […]
Batliboi Limited, an industrial manufacturing company, has completed a capital expenditure of INR 250 million in FY25 across its foundry, machine tool, and air engineering divisions at its Udhana, Surat manufacturing facilities. The company expects the benefits of this investment to begin contributing to revenue and profitability from the second quarter of FY26. According to […]
Sona BLW Precision Forgings (Sona Comstar), a manufacturer of precision-forged and machined components, has completed the acquisition of the Railway Equipment Division (RED) of Escorts Kubota as a going concern on a slump sale basis. RED reported revenue of INR 9.13 billion and profit before tax of INR 1.88 billion for FY25. The agreement to acquire […]
