The Ministry of Defence has signed contracts worth INR 25 billion with Armoured Vehicle Nigam Limited for the procurement of the Nag Missile System (NAMIS) Tracked version and with Force Motors Ltd and Mahindra & Mahindra Ltd for approximately 5,000 light vehicles for the armed forces. The agreements were signed in New Delhi on March […]
Bedi Steels Limited has announced that its new rolling mill in Ludhiana, Punjab, will commence production in April 2025. The facility, built with an investment of INR 134.9 million, has an annual production capacity of 70,000 tonnes and will manufacture Round Bars, RCS/Square Bars, Hex Bars, and Flat Bars. The company stated that the new […]
Tembo Defence Products Private Limited, a subsidiary of Tembo Global Industries Limited, has signed an agreement with the Government of Maharashtra to invest INR 10 billion in defence manufacturing. The investment aims to enhance the state’s production capabilities and is expected to create 300 new jobs. The agreement was formalized at a signing ceremony attended […]
Pioneer Corporation has announced plans to begin manufacturing in-car products in India starting in 2026. This follows the establishment of a research and development (R&D) center in the country in 2023. The company stated that this move aims to strengthen its presence in the Indian automotive sector and improve service to local automakers. Production will […]
Technoventor Innovations Private Limited has set up its 84th makerspace at the Indian Institute of Technology (IIT) Jammu. The new facility, ProtoSpace, is an innovation and prototyping lab designed for students, researchers, and entrepreneurs. ProtoSpace was inaugurated by Sharad Kumar Saraf, Chairman of the Board of Governors at IIT Jammu, with leadership from Ankit Dubey, […]
Indocool Composites, a manufacturer of polymer composite products, has commenced participation in the Q Prime Supplier Development Program initiated by Daimler India Commercial Vehicles (DICV). The program aims to guide suppliers towards achieving global quality standards through the implementation of structured systems and processes. In conjunction with this development, Indocool Composites has inaugurated the “Pink […]
Jindal Stainless has submitted an investment proposal for the establishment of a stainless steel plant in Maharashtra. The proposal was presented during a state cabinet subcommittee meeting, chaired by Deputy Chief Ministers Eknath Shinde and Ajit Pawar. The planned facility, set to be developed over the next ten years, is projected to generate more than […]
Yield Engineering Systems, Inc. (YES) has commenced shipments of its VeroTherm Formic Acid Reflow tool from its manufacturing facility in Sulur, near Coimbatore, Tamil Nadu. The equipment has been delivered to a global semiconductor manufacturer, according to a press release issued by the company. The VeroTherm tool is designed for advanced semiconductor applications, including High […]
Force Motors Limited has received an order for 2,978 Force Gurkha vehicles from the Indian Defence Forces. The vehicles will be supplied to both the Indian Army and the Indian Air Force for use in various operational roles. The Gurkha is a four-wheel-drive vehicle designed for off-road capabilities, featuring high ground clearance and water-wading capacity. […]
TVS Supply Chain Solutions Limited has announced the appointment of R Vaidhyanathan as its new Global Chief Financial Officer (CFO), effective April 1, 2025. The decision was approved by the company’s board of directors. Vaidhyanathan, currently serving as Deputy Global CFO, will be based in Chennai and report to Managing Director Ravi Viswanathan. Raviprakash Bhagavathula, […]
