Manufacturing

First 100% FDI in defence sector The Indian Government has approved Sweden-based Saab’s Rs.500 crore manufacturing facility for the shoulder launched weapon system Carl-Gustaf® in the country, further strengthening production likely from Haryana. Production in the new facility is planned...

Verma says Govt aims to provide secure and reliable industrial ecosystem in the world Minister of State for Chemicals and Fertilizers Bhagwanth Khuba has called for focus on chemical sustainability, pointing out that the industry is poised to grow to...

Generative AI propelling a future of smart, connected vehicles, says Kasture L&T Technology Services (BSE: 540115, NSE: LTTS) is leveraging Amazon Web Services (AWS) to help global automotive manufacturers accelerate the transition towards Software Defined Vehicles (SDVs) using generative artificial...

Demand will be further sustained by urbanization trend, says Karmarkar Driven by economic growth and infrastructure development, copper demand in India has surged to 1,522 KT in 2023 from 1,311 KT in 2022, says the Copper Demand Study in India...

Birla notes India’s digital evolution has gained global recognition Three heavyweight industry leaders have highlighted the technology progress made in the country, in line with the Government’s drive to position India as a developer, manufacturer, and exporter of key cutting-edge...

Vilayat plant to meet CPVC demand in India, Nepal, Bangladesh and Indonesia Lubrizol, a global leader in specialty chemicals, and Grasim Industries Limited, a flagship company of the Aditya Birla Group, are building the first phase of a 100,000 metric-ton...

MeitY working to create conducive environment for electronics manufacturing The Cabinet has approved a Memorandum of Cooperation (MoC) that intends to strengthen cooperation between India and Japan towards enhancement of semiconductor supply chain, recognizing the importance of semiconductor for the...

Singhania sees substantial uptick in cement demand in upcoming years Udaipur Cement Works Limited (UCWL), a subsidiary of well-known cement major JK Lakshmi Cement Ltd, has taken a significant step for increasing its cement production with the expansion of its...

Investment crucial to support improvements to India’s plastic waste value chain Dalmia Polypro Industries Private Limited has received a commitment for an ECB loan of US$30 million from the US International Development Finance Corporation (DFC) to help fund a greenfield...

Lithium deposits found in Jammu and Kashmir India will become a major battery manufacturing hub in the coming years, especially supported by the Production Linked Incentive (PLI) scheme, Minister of Heavy Industries Dr. Mahendra Nath Pandey. “We have also found...