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Tamil Nadu government signs agreement with Hapag-Lloyd for establishment of container terminals
Infrastructure - Feb 02,2024
Hapag-Lloyd signed a MoU with Tamil Nadu for a Rs 2,500 crore investment in Thoothukudi, creating 1,000 jobs. CM MK Stalin and Minister TRB Rajaa witnessed the signing in Spain. Container freight stat .

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 .

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
Manufacturing - 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 .

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 .

Dabur to invest Rs 135 crore for new manufacturing facility in south India
Manufacturing - Feb 01,2024
Dabur India plans to establish a new manufacturing unit in south India with a Rs 135 crore investment. The facility will produce ayurvedic healthcare, personal care, and home care products to meet loc .