Rangsons Aerospace has raised INR 3 billion (USD 36.5 million) in an investment round led by ValueQuest Investment Advisors, with Anand Rathi Advisors acting as the financial advisor. The funding aims to enhance the company’s operational capacity and facilitate growth into new business areas through strategic acquisitions. In January 2024, Rangsons Aerospace entered into a […]
Bharat Electronics Limited (BEL) has signed a contract worth INR 24.63 billion with the Ministry of Defence for the supply and services of Ashwini Radars. The radars are fully indigenous, developed jointly by the Defence Research and Development Organisation (DRDO) and BEL. Ashwini Radars are Active Electronically Scanned Array (AESA) systems with integrated Identification Friend […]
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has approved the production of over 60 LVM-3 rockets in collaboration with private companies. The manufacturing process is expected to span 12 to 14 years, generating an estimated INR 250 billion in business for private firms. Speaking at the Bharat Space Conclave organized by FICCI, IN-SPACe […]
Indian Ambassador Raveesh Kumar visited leading Czech defence and industrial firms, including ELDIS Pardubice, RETIA, and LIKO-S, to explore opportunities for deeper collaboration between the two nations. The visit underscored India’s growing partnership with Czech industry leaders in defence technology, manufacturing, and sustainable infrastructure. ELDIS, a key supplier of radar systems covering 99% of India’s […]
Bel Fuse Inc. has inaugurated a new manufacturing facility in Manesar, Gurugram, India, following its acquisition of Enercon in November 2024. The facility replaces the original Enercon factory, which began operations in 2018. The expansion is expected to double the manufacturing capacity of Bel’s Power Solutions and Protection segment in India. The new site is […]
ARGO-HYTOS has inaugurated a new manufacturing facility in Coimbatore, India, expanding its operations with an additional 3,250 m² of space. The facility includes a new warehouse and logistics area, along with a cleanroom for assembling hydraulic systems and components. The company stated that this expansion is part of its long-term strategy to enhance operational efficiency […]
International Automotive Components (IAC) Group has inaugurated its third manufacturing facility in Chakan, India, enhancing its production capabilities in the region. The new plant is equipped with advanced Pressure Lamination and Laser Scoring technology, aimed at improving production efficiency and product quality. This development aligns with IAC’s strategy to expand its footprint in India’s automotive […]
Japanese multinational Nitta Corporation plans to relocate and expand its industrial components manufacturing facility in Pune, India. The factory will be moved within the Haveli Taluki region of Pune, Maharashtra, with completion expected by January 2026. The company has allocated INR 835 million (EUR 9 million) for the project. The new facility will increase production […]
Azad Engineering has inaugurated an exclusive lean manufacturing facility for Mitsubishi Heavy Industries (MHI) at Tunikibollaram, Hyderabad. The 7,200-square-meter facility was opened in the presence of Masahito Kataoka, Senior Vice President, GTCC Business Division, Energy System, MHI; Jayesh Ranjan, Special Chief Secretary, Industries & Commerce and IT, Government of Telangana; and Rakesh Chopdar, Chairman and […]
The Indian Navy has inducted LSAM 23 (Yard 133), the ninth Ammunition Cum Torpedo Cum Missile (ACTCM) Barge, in a ceremony held on March 12, 2025, at Naval Dockyard, Mumbai. The event was attended by Commodore Manish Vig, General Manager (Quality Assurance), Naval Dockyard Mumbai. The ACTCM Barge is part of an eleven-barge contract awarded […]
