Manufacturing

The Indian Government is considering corporatizing the Ordnance Factory Board (OFB) as a 100% owned unit and put on par with Defence Public Sector Undertakings (DPSUs).

The Indian agricultural machinery market is expected to expand at a compound annual growth rate (CAGR) of ~6.40% from 2018 to 2023, according to a ResearchAndMarkets report.

London-based Hunting Energy Services will share patented Premium Connections technology with Jindal SAW Ltd of New Delhi to manufacture seamless casing and tubing for the Indian market.

The Indian Lithium Ion Cell and Battery Market is expected to grow in the at a CAGR of 36.3% by 2023, driven by increased use of lithium ion battery in electric vehicles, said a ResearchAndMarkets report.

The electric vehicle charging infrastructure market in India is anticipated to grow at a CAGR of over 40% during 2019-2025, says a report by ResearchAndMarkets on 13 August 2019.

A US$10 million Pune factory is set to produce electric three-wheelers this month, first for the Indian market and then for exports to emerging economies globally.

Southfield's power management company Eaton has chosen global technology company KPIT of Pune to support the development of next-generation electrified mobility technologies for its eMobility business unit.

BP is expected to pay Rs.7,000 crore for a 49% stake in Reliance Industries Limited’s (RIL) petrol-retail business, forming a third joint venture since 2011.

Saudi Aramco is making India’s largest foreign investment of US$15 billion by taking a 20% stake in Reliance Industries Limited’s (RIL) Oil to Chemicals (O2C) division comprising the Refining, Petrochemicals and fuels marketing businesses.

The Department of Atomic Energy (DAE) has held a two-day exhibition on DAE spin-off technologies for non-power applications at New Moti Bagh recreation club, New Delhi. The exhibition was held 11-12 August 2019.