March 16, 2026
Sigma Advanced Systems Limited has completed the divestment of its entire 36.52 percent equity stake in Extrovis AG, a Switzerland-based pharmaceutical company. The transaction generated USD 15 million, providing additional financial flexibility as the company expands its aerospace and defence operations. The proceeds from the divestment amount to approximately INR 1.3761 billion. The company said […]
March 16, 2026
izmo Microsystems Private Limited announced on 16 March 2026 that it has signed a memorandum of understanding (MoU) with Switzerland-based CCRAFT SA and Spain-based Alcyon Photonics SL to jointly design, produce, and commercialise photonic integrated circuit (PIC) systems for datacom, telecom, aerospace, and sensor markets. The agreement establishes a framework for collaboration across chip design, […]
March 16, 2026
Naval Group India commissioned a Pneumatic Reducer and Actuator Mechanism (RAM) test facility at its technical workshop in Karwar, Karnataka, to support maintenance activities for the Indian Navy’s Kalvari-class submarines. The facility enables local maintenance, repair and overhaul (MRO) of equipment used in the mast-raising systems of the Scorpène-design submarines. The Pneumatic RAM test facility […]
March 16, 2026
Goodluck Defence & Aerospace Limited, a subsidiary of Goodluck India Limited, has commenced its first overseas dispatch of 155 mm heavy calibre empty shells from its manufacturing plant in Uttar Pradesh. The shipment forms part of an export order valued at USD 6 million and marks the company’s entry into international defence supply deliveries. The […]
March 14, 2026
Rajdhani Group inaugurated a CNC end fitting manufacturing unit and the Rajdhani Excellence Lab at its facility in Udaipur, Rajasthan. The development expands the company’s capabilities in CNC-manufactured end fittings, hose assembly solutions, and testing and validation for hydraulic components used in mining and infrastructure equipment. The new facility includes an innovation and testing laboratory […]
March 14, 2026
India’s Shipbuilding Financial Assistance Policy (SBFAP) has provided in-principle approval to 288 shipbuilding contracts covering 456 vessels, with a combined contract value of INR 197.48 billion. The approvals span a range of vessel types and are aimed at supporting domestic shipyard activity. In an official statement, the Ministry of Ports, Shipping and Waterways said the […]
March 14, 2026
Waaree Energies Limited broke ground for an integrated solar ingot and wafer manufacturing facility at Butibori in Nagpur, Maharashtra. The project will include manufacturing capacity of 10 gigawatts (GW) each for solar ingots and wafers and is intended to expand domestic production of upstream components used in the solar photovoltaic (PV) value chain. The facility […]
March 14, 2026
T-Hub has entered into a strategic partnership with the Japan External Trade Organisation (JETRO) to facilitate collaboration between Indian and Japanese startups, corporates, and investors. The engagement aims to support market entry and expansion for Japanese companies in India while enabling Indian startups to pursue structured expansion opportunities in Japan. T-Hub will serve as an […]
March 14, 2026
Hirose Electric Co., Ltd., a Japanese manufacturer of precision connectors and electronic components, exchanged a memorandum of understanding (MoU) with the Government of Tamil Nadu to establish a manufacturing facility for connectors and electronic components in the state. The project represents the company’s first manufacturing facility in India. In an official statement, the Government of […]
March 14, 2026
Patil Automation Limited announced that its Board of Directors has approved the formation of a proposed subsidiary, PAL Green Energy, to expand the company’s automation capabilities into the renewable energy sector. The proposed subsidiary will focus on the development and manufacturing of automated solar tracker systems, indexers, and other structural components used in solar and […]
