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Indian Oil to team up with Sun Mobility for battery swapping business
Manufacturing - Jul 10,2023
The formation of a joint venture company in the battery swapping industry has been approved by the board of directors of Indian Oil Corporation Limited. The joint venture will be a 50:50 collaboration .

New line of operation in existing plant at Panipat
Manufacturing - Jul 06,2023
Tinna Rubber and Infrastructure Limited has announced the addition of a new plant at their Panipat location to produce Thermo Plastic Elastomer (TPE). The company aims to address plastic pollution by .

Construction for India's first semiconductor assembly to commence in August
Manufacturing - Jul 05,2023
India is set to begin construction on its first semiconductor assembly facility in August. By the end of 2024, the country aims to start producing its own microchips. Micron Technology, a US-based sem .

Lens manufacturer to invest 250 million euros in India
Manufacturing - Jul 05,2023
Carl Zeiss India, a lens manufacturer, plans to invest over 250 million euros to build its largest "vision" facility in Bengaluru. The construction is expected to be completed by October 2024. Once op .

Robotics firm to invest Rs 500 crore in manufacturing
Manufacturing - Jul 04,2023
Addverb, a robotics firm owned by Reliance Retail, intends to invest Rs 500 crore in its Greater Noida robot manufacturing facility to expand its business and diversify its market base. The facility o .

Two new industrial areas to come up in Himachal Pradesh
Manufacturing - Jul 03,2023
The Himachal Pradesh administration plans to establish two new industrial areas in Hamirpur and Bilaspur districts, aiming to promote industrialization in interior regions. The decision was made dur .

UK-based firm plans to establish semiconductor unit in Odisha
Manufacturing - Jul 03,2023
UK corporation SRAM & MRAM plans to invest Rs 30,000 crore in Odisha, India, to construct a semiconductor production facility. The company signed a memorandum of understanding with the state governmen .

Finance Ministry approves Rs 56,000 crore in capex assistance
Manufacturing - Jul 03,2023
The Ministry of Finance has approved the "Special Assistance to States for Capital Investment 2023-24" scheme, which will provide 16 states with a capital investment of Rs 56,415 crore for various pro .