Manufacturing

Weekly News Summary: A roundup of stories making headlines in industry this week on mojo4industry.com Hello, you are watching mojo4industry – India's 1st mobile journalism platform for industry. In this weekly wrap-up, we are going to take you through some of the latest developments in Indian industry. Let’s take a quick look at the key headlines. Defence Ministry approves acquisition of weapon systems worth ₹ 28,000 Cr Prime Minister unveils key projects...

Auto Component Industry to Rebound in 2021 | Interview: Mr. Vinnie Mehta, Director General, ACMA, with Subhajit Roy The Automotive Component Manufacturers Association of India or ACMA is the apex body representing the interest of the Indian auto component industry. Its membership of over 800 manufacturers contributes more than 85% of the auto component industry’s turnover in the organised sector. In an exclusive interview with Subhajit Roy, Mr. Vinnie Mehta,...

PM unveils key projects in Gujarat Prime Minister Narendra Modi unveiled various developmental projects in Gujarat. These projects include a desalination plant, a hybrid renewable energy park, and a fully automated milk processing and packing plant. The Chief Minister of Gujarat was present on the occasion. The Prime Minister said, foundation stone laid for the Renewable Energy Park in Kharera, Desalination plant in Mandvi and the New Automatic plant at Sarhad...

TVS Srichakra announces Rs 1,000 Cr expansion plan TVS Srichakra Ltd., an Indian manufacturer of 2 & 3 wheeler tyres and off-highway tyres, announced its planned capital expenditure of 1,000 crore to ramp up manufacturing in its Madurai and Pantnagar plants. This investment is planned to be made over a three-year period. The investment, when fully made, will result in an increase in 2 & 3 wheeler tyre capacity by...

India's manufacturing PMI slips to 3-month low in Nov India's manufacturing sector lost growth momentum in November, as a slower order flow and COVID-related restrictions impacted output. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell from 58.9 in October to a three-month low of 56.3 in November, indicating that the manufacturing sector growth remained strong, despite losing traction.