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manufacturing Sector News & Updates - May 20, 2024



Madhya Pradesh MSME dept hopes to receive Rs 200 crore investments from toy makers
Manufacturing   -  Jul 18,2023
The micro, small, and medium enterprises (MSME) department in Indore aims to attract over Rs 200 crore investment from toy manufacturers in Madhya Pradesh, Delhi, and neighboring states. Delhi-based t .


Panasonic likely to open a battery manufacturing plant in India
Manufacturing   -  Jul 18,2023
Japanese conglomerate Panasonic is reportedly planning to open a battery manufacturing plant in India, taking advantage of the government's production-linked incentive (PLI) scheme for ACC batter .


Menon Bearings board approves expansion of production capacity
Manufacturing   -  Jul 18,2023
Menon Bearings Limited's board of directors has approved the construction of new production facilities to cater to future market opportunities in engine bearings, thrust washers, and aluminium ca .


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 .


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