The International Battery Company (IBC) is set to begin production at its lithium-ion battery manufacturing unit in Bengaluru within nine months. The project, with an estimated investment of ₹390 crore, is expected to create 300 direct jobs, according to a press release issued by the company. A groundbreaking ceremony for the factory, located at the […]
ASK Automotive has started commercial operations at its new manufacturing facility in Karnataka as of January 14, 2025, according to a press release issued by the company. The plant, operated by its wholly owned subsidiary, ASK Automobiles, is the company’s 18th production unit overall and the third under the ASK Automobiles banner. The facility is […]
Gold Plus Glass Industry Limited has commenced operations at its newly built manufacturing facility in Karnataka, significantly increasing its production capabilities. The facility achieved its Commercial Operations Date (COD) in June 2024 and represents a ₹2,500 crore investment. The plant has a float glass manufacturing capacity of 584,000 metric tons per annum and a solar […]
Leanworx, a Bengaluru-based company specializing in real-time machine monitoring systems, has raised ₹8.3 crore in a seed funding round. According to the company, the funding was led by YourNest Venture Capital, contributing ₹6.5 crore, alongside ₹1.5 crore from an angel investment group. The investment is part of the YourNest-SanchiConnect Velocity Program 2024, which supports startups […]
Hycom Engineering, a precision engineering manufacturer, is planning to establish a third production facility in Bidadi, Karnataka, with a proposed investment of ₹100 crore, according to a report by The Hindu Business Line. The new plant is expected to double the company’s annual production capacity from 40,000 units to 80,000 units by FY29 and generate […]
Munters, a Swedish company that offers climate control solutions, has inaugurated a new manufacturing facility in Malur, Karnataka, on December 4, 2024. The facility, known as Malur Unit II, is designed to expand the company’s production capacity for dehumidification and air handling unit solutions to meet regional demand. The event featured a tour of the […]
BEML Limited inaugurated its Futuristic Product Innovation and Incubation Centre (FPIIC) at its Bengaluru facility on December 24, 2024. The event was attended by Vice Chief of the Naval Staff Krishna Swaminathan, along with BEML Chairman and Managing Director Shantanu Roy, senior officials, and defence personnel, according to a press release issued by the company. […]
Silectric Semiconductor Manufacturing Pvt Ltd has announced an investment of ₹3,425.60 crore in an electronics manufacturing cluster at Kochanahalli, Mysuru. The project, approved by Karnataka’s 64th State High-Level Clearance Committee (SHLCC), is expected to generate 460 jobs. The SHLCC meeting, chaired by Karnataka Chief Minister Siddaramaiah, cleared ten industrial proposals worth ₹9,823 crore across multiple […]
The Indian Army has inaugurated the Indian Army AI Incubation Centre (IAAIIC) in Bengaluru as part of its efforts to integrate artificial intelligence (AI) into military operations. The virtual event was led by General Upendra Dwivedi, Chief of the Army Staff. The IAAIIC, developed in collaboration with Bharat Electronics Limited (BEL), aims to enhance operational […]
Caterpillar Inc. has opened a new office in the Whitefield suburb of Bangalore (Bengaluru), Karnataka, to enhance its digital capabilities. The office will primarily support Cat Digital, its technology division focused on leveraging data and digital infrastructure to optimize heavy machinery performance. The new facility includes collaborative workspaces, an Employee Experience Centre, and a lab […]