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Zoho plans $700 million foray into chipmaking
Manufacturing - May 16,2024
Zoho plans a $700 million investment in chip manufacturing, seeking government incentives. Established in 1996, headquartered in Tamil Nadu, India, Zoho offers software globally, rivalling Microsoft a .

Craftsman Automation’s FY25 roadmap: Capex of Rs 500 crore and fundraise plans unveiled
Manufacturing - May 16,2024
Craftsman Automation Ltd plans a ₹500 crore capex in FY25, primarily for completing greenfield factories in Rajasthan and Tamil Nadu. With significant investments in the previous fiscal, it focuses .

Seshasayee Paper to prepare revised investment plan for expansion
Manufacturing - May 16,2024
Seshasayee Paper and Boards revises its investment plan for expanding pulp and paper capacity following feedback from the Ministry of Environment, Forest & Climate Change. Initially aiming for a 40% i .

Veira to invest Rs 450 crore on new unit to boost air cooler production capacity
Manufacturing - May 15,2024
Veira will invest Rs 450 crore to establish a new manufacturing unit in Greater Noida, increasing production capacity for air coolers and washing machines from 1,00,000 to 5,00,000 units annually. The .

Biorad Medisys receives Rs 400 crore from KSS India Fund II
Manufacturing - May 15,2024
Biorad Medisys received a Rs 400-crore investment from Kotak Strategic Situations India Fund II to build a new manufacturing plant, repay debt, and increase working capital. The company, known for med .

IKEA partners with Rhenus to set up warehouse in Delhi-NCR near Gurugram
Manufacturing - May 15,2024
IKEA partners with Rhenus to build a 1.5 lakh sq ft warehousing facility near Gurugram for home delivery in Delhi-NCR. Scheduled to start operations early next year, the site offers strategic logistic .

Siemens announces capex of over Rs 1,000 crore
Manufacturing - May 15,2024
Siemens Limited announces major expansions in two of its Indian factories, aligning with previous capacity increases. The total capital expenditure exceeds Rs 1,000 crore, emphasizing growth and innov .

Flair Writing Industries Limited holds groundbreaking ceremony for new facility
Manufacturing - May 15,2024
Flair Writing Industries Limited begins construction of a new 180,000 sq ft facility in Valsad, Gujarat, featuring manufacturing units, a warehouse, and an administrative block. Additionally, a 50,000 .