Airbus has announced plans to further increase its sourcing of components from India, a plan which has already doubled to €1 billion in procurement between 2019 and 2024. The European aircraft manufacturer, which has secured significant aircraft orders from IndiGo and Air India, currently works with more than 100 Indian suppliers, according to CEO Guillaume […]
Tanfac Industries Limited announced the completion of a significant brownfield expansion project at its hydrofluoric acid (HF) production facility. The company doubled its capacity from 14,850 metric tons per annum (MT) to 29,700 MT. This expansion, completed at an investment of approximately ₹100 crore, was finalized on October 7, 2024, within the projected timeframe of […]
The Defence Research and Development Organisation (DRDO) has conducted three successful flight tests of the miniaturized Very Short Range Air Defence System (VSHORADS) at the Pokhran Field Firing Ranges in Rajasthan on October 3 and 4, 2024. The tests involved intercepting high-speed targets at maximum range and altitude, demonstrating the weapon system’s capability to engage […]
The Indian government has announced an allocation of ₹1,000 crore for a venture fund to support space startups. The decision was highlighted by Jitendra Singh, the Minister of State for Science and Technology and other departments, during a press briefing. This move is part of a broader strategy to prioritize the space sector in the […]
Kalyani Strategic Systems Ltd, a wholly owned subsidiary of Bharat Forge Ltd, has announced plans to collaborate with US defense companies AM General and Mandus Group LLC to co-develop and co-produce next-generation artillery gun platforms. The collaboration aims to address the increasing demand for modern light artillery systems by global militaries. The companies will focus […]
A new testing facility aimed at supporting Micro, Small, and Medium Enterprises (MSMEs) in Coimbatore’s defense manufacturing sector was launched at Kumaraguru College of Technology in Saravanampatti on Friday. The facility, named KCIRI Envitest Technology Centre (KEnTec), was inaugurated by Srivats Ram, Chairman of the Confederation of Indian Industry (CII) Tamil Nadu State Council and […]
Aimtron Electronics Ltd., part of the Aimtron Group, has begun to expand its domestic manufacturing capacity in India following the company’s recent public listing. This move is aimed at enhancing self-reliance in electronics manufacturing and reducing dependence on overseas operations. The expansion is part of the company’s broader strategy to increase local production of high-quality […]
Evervolt Green Energy Pvt. Ltd. (Evervolt) has announced plans to expand its solar cell manufacturing operations, aiming for an annual production capacity of 3 gigawatts (GW) by March 2026. The company, which has been active in solar distribution in India for the past decade, plans to reach an initial capacity of 1 GW by March […]
GenX PV India, a company specializing in solar panel components, has announced plans to set up an aluminium frame manufacturing facility in Raipur, which is expected to become operational by early next year. The facility will have an annual production capacity of 18,000 metric tons of aluminium, aimed at supplying Indian solar panel manufacturers and […]
Eyewear retailer Lenskart has announced plans to invest $200 million in a new manufacturing plant in southern India according to a report by The Economic Times. The upcoming facility is expected to be significantly larger than the company’s existing plant in Rajasthan, which has played a key role in its operations. This expansion comes as […]
