CapEx News - Feb 2024

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Tata Group in talks with Pegatron to setup second Apple iPhone manufacturing unit in Tamil Nadu
Manufacturing - Feb 02,2024
Tata Group is in advanced talks with Pegatron to establish a second iPhone manufacturing unit in Tamil Nadu, aiding Apple's supply chain localization. The plant aims for 20 assembly lines, employ .

Surat Municipal Corporation approves solid waste processing plant at Umber
Infrastructure - Feb 02,2024
Surat Municipal Corporation's standing committee approved a Rs 345 crore solid waste processing plant at Umber, replacing the full landfill site at Khajod. The new plant will handle 3,000 metric .

Govt announces outlay of Rs 6,000 crore for PLI for footwear, toys
Manufacturing - Feb 02,2024
The government plans to introduce PLI schemes for the footwear/leather and toys sectors in the next fiscal year, totaling around Rs 6,100 crore. The toys PLI is set at Rs 3,489 crore, while footwear/l .

Kalyani Powertrain lines up Rs 500 crore capex
Infrastructure - Feb 02,2024
Kalyani Powertrain, Bharat Forge's electric mobility arm, allocates up to Rs 500 crore for FY25, focusing on maintenance and projects. It aims for ICE to EV conversion, retrofitting diesel vehicl .

Southern Railway gets financial boost in interim budget
Infrastructure - Feb 02,2024
Union Railways Minister Ashwini Vaishnaw announced a historic budget allocation of Rs 12,173 crore for Southern Railway in FY 2024-25. Tamil Nadu and Kerala received record allocations of Rs 6,331 cro .

Tender worth Rs 60,000 crore floated for development of Multi-Modal Expressway in Maharashtra
Infrastructure - Feb 02,2024
Maharashtra State Road Development Corporation (MSRDC) has opened bids for developing an access-controlled multi-modal corridor (MMC) from Kalambsure to Govirle in Uran taluk and Raigad district. The .

MMRDA issues tenders for Metro 9 and 7 depots
Infrastructure - Feb 02,2024
MMRDA has issued tenders for a depot construction on a 59.65-hectare plot in Dongri near Bhayander for Line 9 and Line 7A. Estimated at Rs 626 crore, the depot will have 40 stabling lines and take 52 .

Wistron Corp to set up laptop making unit in India’s Karnataka
Manufacturing - Feb 01,2024
Wistron Corp of Taiwan is set to invest $180.7 million in a laptop manufacturing unit in Karnataka, India, creating 3,000 jobs and producing electric vehicle parts. Manufacturing starts in January 202 .