Tamil Nadu has signed investment agreements worth INR 32.01 billion with Knorr-Bremse, Nordex Group, and ebm-papst during Chief Minister M K Stalin’s visit to Germany. The agreements are expected to create 6,250 jobs in the state. Knorr-Bremse, headquartered in Munich, will invest INR 20 billion in Kanchipuram and Chennai to establish a facility for railway […]
Benteler, an automotive technology company, is expanding its manufacturing footprint in India. Tony Shi, member of the Management Board of Benteler Automotive, and Shyam Dinakaran, Vice President of Purchasing APAC, met Pratik Mathur, Consul General of India in Shanghai, to brief him on the company’s expansion plans. In July 2024, the company inaugurated a pressing […]
DN Solutions has signed an agreement to acquire HELLER, expanding its presence in Europe and strengthening its portfolio in machining centres and 5-axis technologies. The transaction is subject to approvals from antitrust and other regulatory authorities. According to DN Solutions, the company generates annual sales of around USD 2 billion and employs more than 2,000 […]
Festo India Pvt Ltd, an automation technology company, has announced that Ravi Sastry will assume the role of Managing Director starting September 2025. He will succeed Rashmikant Joshi, who is stepping down after more than three decades with the company. Sastry joined Festo in 2016 and has since held roles in finance and operations, including […]
Infineon India has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to strengthen collaboration with startups in the fields of microelectronics, electromobility, and the Internet of Things. The agreement is aimed at encouraging engineering students, product startups, innovators, and entrepreneurs to participate in design challenges using […]
Schmitz Cargobull AG is set to acquire a 27.5 percent equity stake in Pune-based Sub Zero Insulation Technologies (SZIT) as part of a plan to expand its presence in India’s cold chain logistics sector. The agreement also provides Schmitz Cargobull with an option to increase its shareholding in the future. Sub Zero manufactures more than […]
DB RRTS Operations India Private Limited, in collaboration with Würth Group, has introduced the REFILLOmat aerosol refill system at the Duhai Depot of the Namo Bharat corridor in Uttar Pradesh. The system replaces single-use aerosol cans with refillable alternatives, aimed at reducing hazardous and packaging waste while enhancing workplace safety. According to the company, the […]
Thaai Casting Limited is establishing a new manufacturing facility in the Chennai industrial region dedicated to gear shaping and high-precision machining. The project involves an investment of INR 1 billion, with commercial operations scheduled to begin in January 2026. Machinery for the facility has already been procured from Austria. The 3-acre site in Sriperumbudur will […]
Siemens Energy has opened a new office in Bangalore, consolidating its local operations alongside the Siemens Gamesa office. The facility also houses the company’s Industrial Gas Turbine Service Centre, which provides services for its installed fleet in India, including full machine overhauls. The site includes a Global Engineering Centre for the company’s Transformation of Industry […]
Reinhausen India Private Limited, a manufacturer of electrical equipment, has opened a new facility in Pune, Maharashtra, to expand its local service capabilities and increase engagement with the Indian power sector. The opening event took place on 16 July 2025 at the Hyatt Regency Pune. Located at MIDC Chakan, the facility is intended to provide […]
