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Manufacturing Sector News & Updates - December 22, 2024



Zeiss Group to invest Rs 2,500 crore in new plant in Karnataka
Manufacturing   -  Jul 17,2023
Optical lenses manufacturer Zeiss Group plans to invest approximately Rs 2,500 crore in India to establish a new facility in Karnataka, primarily focused on expanding its eyeglass production capacity. .


Process of giving land to Foxconn mobile manufacturing unit nearing final stages
Manufacturing   -  Jul 17,2023
The process of allocating land to Foxconn, a Taiwanese electronics manufacturing company and Apple Inc. supplier, for their mobile device manufacturing plant in Karnataka, India, is nearing completion .


Elista Signs MoU With AP govt to invest Rs 100 crore in manufacturing plant
Manufacturing   -  Jul 17,2023
Elista, a company specializing in electronics and home appliances, signed an MoU with the government of Andhra Pradesh to establish a second manufacturing facility. With an investment of Rs 100 crore, .


Plastic processing unit to be established in Siliguri Mahakuma Parishad
Manufacturing   -  Jul 13,2023
The Siliguri Mahakuma Parishad (SMP) is preparing to establish a plastic processing facility, estimated at Rs 3 crore, to tackle plastic pollution in village areas. The unit will recycle plastic waste .


Foxconn looking to manufacture chips in India separately
Manufacturing   -  Jul 12,2023
Following its withdrawal from a joint venture with Vedanta, Foxconn is reportedly considering independent chip production in India. The Taiwanese firm plans to seek government permission to build two .


JK Tyre to invest Rs 1,100 crore for capacity expansion in next two years
Manufacturing   -  Jul 12,2023
J K Tyre & Industries Ltd plans to invest Rs 1,100 crore in capacity expansion over the next two years. This includes increasing the production of passenger car radials (PCR) and truck bus radials (TB .


Vedanta and Foxconn end their joint venture for chip plant in India
Manufacturing   -  Jul 11,2023
Vedanta and Foxconn have ended their joint venture to build a Rs 1.54 trillion semiconductor and display manufacturing facility in Gujarat, India. The project, which aimed to establish the first semic .


Indian Railways plans to build second manufacturing facility at Kazipet
Manufacturing   -  Jul 10,2023
Indian Railways plans to construct a second train manufacturing facility in Kazipet, Telangana. Prime Minister Narendra Modi will lay the foundation stone on July 8. The facility, initially a wagon re .


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