GE Vernova announced an investment of approximately USD 16 million to expand its manufacturing and engineering operations in India. The expansion includes a new manufacturing line at its existing Chennai (Pallavaram) facility and the establishment of a new engineering and test lab in Noida. The developments are aimed at enhancing the company’s capacity to support […]
The Union Cabinet has approved the establishment of a semiconductor manufacturing unit near Jewar airport in Uttar Pradesh. The project is a joint venture between HCL and Foxconn and is expected to attract an investment of INR 37 billion. The facility will focus on manufacturing display driver chips used in devices such as mobile phones, […]
KK Wind Solutions, a Denmark-based manufacturer of systems for the wind power industry, has opened a new manufacturing facility in Dobbaspet on the outskirts of Bengaluru, along with a new office in the city. The factory, which began production in April 2025, will produce converters and control systems for the wind energy sector. The facility […]
Around fourteen South Korean die and mould manufacturers and plastic injection moulded auto component producers are exploring opportunities to establish manufacturing facilities in India. These consist of tier 2 and tier 3 suppliers to Hyundai, Kia and Mobis. The firms are considering entering India through joint ventures with local partners, focusing on locations such as […]
Baheti Recycling Industries Limited has signed a Memorandum of Understanding with Minda Corporation Limited for the supply of 4,368 metric tonnes of aluminium alloy ingots in the financial year 2025–26. The order is valued at approximately INR 1.21 billion and covers a one-year period. Baheti Recycling currently operates three rotary facilities and 15 furnaces with […]
Sterling Tools Limited, a manufacturer of automotive components, has entered into a technology licensing agreement with UK-based Advanced Electric Machines (AEM) to develop, manufacture, and market rare earth magnet-free traction motors for electric vehicles (EVs) in India. The motors will be produced at the company’s plant in Faridabad through its subsidiary, Sterling Gtake E-Mobility (SGEM). […]
Payper Bagging, a Spanish manufacturer of bagging, palletizing, and packaging solutions, has fully operationalised its manufacturing centre in Pune, India. The facility spans over 4,000 square metres and is located in Pune’s Technology Park. Inaugurated in December 2024, the facility was designed to meet demand for bulk bagging solutions and is part of Payper’s strategy […]
Renesas Electronics India, a supplier of microcontrollers and system-on-chip solutions, has inaugurated two semiconductor design centres in Noida and Bengaluru focused on 3-nanometer (3nm) chip design. These facilities mark the company’s expansion in advanced semiconductor design capabilities in India, part of a broader strategic move to scale its research and development operations in the country. […]
Kia India, an automotive manufacturer, has signed a Memorandum of Understanding with the Indian Institute of Technology Tirupati, committing an investment of INR 350 million over a five-year period from 2025 to 2029. The partnership focuses on enhancing academic infrastructure, promoting collaborative research, and supporting student development in automotive and industrial engineering. As part of […]
BEML Limited has acquired land in Madhya Pradesh and Chhattisgarh to establish new manufacturing facilities aimed at supporting the rail, metro, and mining equipment sectors. The Madhya Pradesh government allotted approximately 148 acres (60.063 hectares) of land in Umeria, Raisen district for a construction facility to manufacture rolling stock and coaches for railway and metro […]
