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NIBE signs Letter of Intent with HBE South Korea for defence and aerospace joint venture
Manufacturing - Nov 07,2024
NIBE, a global engineering company, has signed a Letter of Intent (LoI) with South Korea’s HBE to form a joint venture in the defence and aerospace sectors. The partnership aims to combine NIBE’s .

Sahasra Electronic Solutions Limited inks MoU with InnoCare Optoelectronics Corporation for flat panel detectors
Manufacturing - Nov 07,2024
Sahasra Electronic Solutions Limited and InnoCare Optoelectronics Corporation have formed a strategic partnership through an MoU to manufacture and service Flat Panel Detectors (FPDs) used in X-ray eq .

Godawari Power to launch new OPVC pipe manufacturing unit
Manufacturing - Nov 07,2024
Godawari Power & Ispat Ltd plans to establish a new manufacturing facility in Raipur for producing Oriented Polyvinyl Chloride (OPVC) pipes. This initiative will diversify the company's product r .

Amara Raja to invest over Rs 1000 crore in li-ion battery cell manufacturing by FY26
Manufacturing - Nov 07,2024
Amara Raja Batteries plans to invest over ₹1000 crore in lithium-ion (Li-ion) cell manufacturing by 2026, focusing on the electric vehicle and renewable energy sectors. This investment will enhance .

Paizat Electronics to establish Rs 300 crore manufacturing unit in Noida
Manufacturing - Nov 06,2024
The Uttar Pradesh Cabinet approved a proposal to issue a letter of comfort to Ms Paizat Electronics Private Limited under the UP Electronics Manufacturing Policy-2020. The company plans to invest Rs 3 .

China's Haier plans joint venture with JSW group
Manufacturing - Nov 05,2024
Haier Group plans a joint venture with India's JSW Group, proposing a Rs 1,000 crore investment. Due to India's Press Note 3 of 2020, the Chinese firm’s proposal requires government approv .

Sealy opens mattress production facility near Medchal
Manufacturing - Nov 05,2024
Sealy has launched a 40,000-sqft mattress production facility in Gosaiguda, near Medchal, marking its expansion in India. Known for orthopedically supportive and spring-based designs, Sealy aims to le .

Azad Engineering inks Rs 700 crore deal with Mitsubishi Heavy Industries
Manufacturing - Nov 05,2024
Azad Engineering has signed a Long Term Contract & Price Agreement (LTCPA) worth approximately USD 82.89 million (Rs 700 crore) with Mitsubishi Heavy Industries (MHI) to supply complex airfoils for ad .