India’s manufacturing sector experienced growth in 2022-23, according to the Annual Survey of Industries released by the Ministry of Statistics and Programme Implementation. The report highlights a 7.3% rise in Gross Value Added (GVA) in the industrial sector compared to the previous year, driven by key industries including basic metals, refined petroleum, food products, chemicals, […]
The Bidkin Industrial Area (BIA) in Maharashtra has officially been launched, marking a significant development in India’s industrial sector. The area, covering 7,855 acres, is part of the National Industrial Corridor Development Programme and is located within the Delhi-Mumbai Industrial Corridor. It is expected to boost economic activity in the Marathwada region due to its […]
A fire at Tata Group’s iPhone component plant in Hosur, Tamil Nadu, has caused significant damage and halted production indefinitely. The plant is the only Indian supplier of iPhone back panels and other parts used by both Foxconn and Tata’s own iPhone assembly operations in the country. This disruption comes ahead of the Indian festive […]
GreenH Electrolysis, a joint venture between H2B2 Electrolysis Technologies and GR Promoter Group, has inaugurated its first 1 MW Proton Exchange Membrane (PEM) electrolyser at its manufacturing facility in Jhajjar, Haryana. The electrolyser will support hydrogen production for India’s first hydrogen-powered train under Indian Railways’ “Hydrogen for Heritage” initiative. The electrolyser, to be installed at […]
Ford Motor Co. is in discussions to manufacture electric vehicles (EVs) at its plant in Tamil Nadu, India, potentially marking its return to the country’s automotive market. This follows the company’s decision to halt local production three years ago. Tamil Nadu Industries Minister Rajaa confirmed ongoing discussions with Ford, stating that while the final decision […]
A new supercapacitor manufacturing facility has been inaugurated at Keltron Component Complex Limited (KCCL) in Kallyassery, Kannur, Kerala. The plant, developed in collaboration with the Indian Space Research Organisation (ISRO), represents an initial investment of ₹42 crore and is expected to contribute to India’s electronics, defence, and electric vehicle sectors. The facility will produce up […]
Tokyo Electron (TEL) has entered into a partnership with Tata Electronics to supply equipment and provide training at India’s first semiconductor fabrication facility, located in Dholera, Gujarat. The facility is being developed in collaboration with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) and will focus on both front-end fabrication and back-end packaging technologies. The partnership is […]
The Rajasthan Atomic Power Project’s Unit-7 (RAPP-7), a 700 MW Pressurized Heavy Water Reactor (PHWR) located in Rawatbhata, Rajasthan, achieved criticality on September 19, 2024, at 9:42 PM. Criticality refers to the point at which a nuclear reactor begins a stable, controlled chain reaction of nuclear fission, marking a key milestone in the reactor’s transition […]
AJAX Engineering Ltd. has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company plans to offer up to 2.28 crore equity shares, each with a face value of Re 1. The IPO will consist solely of an offer for sale (OFS) […]
The Indian Navy is set to commission its sixth and final Kalvari-class submarine, Vagsheer, in December. The vessel, built by Mazagon Dock Shipbuilders Limited (MDL) in Mumbai, is undergoing its final testing phases. Part of Project 75, valued at Rs 23,562 crore, the Kalvari-class submarines have been constructed with technology transferred from the French firm […]
