Manufacturing

Vedanta Resources Ltd has committed another Rs.60,000 crore investment in India in the next three years and Rs.8,500 crore to expand its mining and allied operations in South Africa.

The Indian solar power market is expected to post more than 38% CAGR during 2019-2023, according to a research report which sees India importing cheaper solar panels from China.

Tata Steel has signed an agreement to sell 70% stakes each in its two steel mills in Singapore and Thailand for US$480 million as a strategic to exist non-core markets and focus on fast growing demand in the home market.

With an increasing number of new car manufacturing announced in India, the automotive industry will remain the main driver of the increasing number of robot installations.

Maruti Suzuki India Limited (MSIL) has signed a Memorandum of Agreement (MoA) with Haryana Government to set up Japan-India Institute for Manufacturing (JIM), a model ITI at Uncha Majra village in Gurugram district.

The technical textile sector, one of the fastest growing segments of the Indian Economy, is set for a double-digit growth in the coming years and a market size of Rs.2 lakh crore by 2020-21.

Prime Minister Narendra Modi has dedicated to the nation and laid foundation stone for projects in Kerala on 27 Jan 2019, including the Integrated Refinery Expansion Project Complex (IREP).

A Warburg Pincus floated company, Embassy Industrial Park (EPI), is investing Rs.288 crore on a 1.3 million sq ft warehousing facility on the outskirt of Bengaluru.

Brahmaputra Cracker and Polymer Limited (BCPL) is seeking consultancy services for preparation and implementation of comprehensive risk management policy.

BSNL has called tenders for Laying PLB pipe/Duct and Associated works by Open Trench Method/Trenchless Technology, Optical Fibre Cable Pulling/Blowing and splicing works etc., for attending faulty GPs route under NOFN project in Manora Block Washim District of Akola SSA.