December 2, 2024
Sterling Tools Limited, through its wholly owned subsidiary Sterling Tech-Mobility Limited, has entered a technical collaboration with Zhejiang Meishuo Electric Technology Co., Ltd., China. The partnership aims to manufacture latching relays in India for applications in the energy sector, industrial grids, and consumer appliances. The collaboration includes an initial investment of ₹20 crore for setting […]
November 21, 2024
Damson Technologies has inaugurated a new manufacturing facility near Ahmedabad as part of its plan to shift 50% of its manufacturing operations from China to India. The initiative involves a total investment of ₹150 crore, with ₹50 crore allocated to the plant and ₹100 crore for marketing, research and development, and team expansion. The facility, […]
November 5, 2024
Haier Group has submitted a proposal to establish a joint venture with India’s JSW Group, involving an investment of approximately Rs 1,000 crore. The application, filed with the Indian government, is under review by an inter-ministerial committee led by the Home Secretary, in accordance with Press Note 3 of 2020, which requires government approval for […]
October 9, 2024
Chinese electric vehicle manufacturer BYD has decided to pursue an import-only strategy for the Indian market, following the rejection of its $1 billion investment proposal to establish a local manufacturing facility. The shift in approach aligns with India’s new EV policy, which BYD will navigate by continuing to import its vehicles rather than building them […]
