Manufacturing

201 MoUs, product launches and technology transfers concluded at Aero India 2021 A total of 201 MoUs, product launches and technology transfers were concluded at the Aero India 2021 held in Bengaluru. Defence Minister Rajnath Singh informed that 128 MoUs, 19 technology transfers, 4 handing overs, 18 product launches and 32 major announcements were made at Aero India this year. These included the formal handing over of the Advanced Light...

Dassault Systèmes showcases digitalization solutions at Aero India 2021 With the theme of showcasing “Digitalization to realize a thriving Aerospace, Defense and Space ecosystem,” Dassault Systèmes at the 13th edition of Aero India 2021 showcases technology solutions to Improve Supply Chain Collaboration, to Design for Flexible Manufacturing, to Manage Complex Systems and Accelerate Program Integration and to Deliver High Performance Operations. Experts from Dassault Systèmes will be present at booth...

“Budget focuses on reviving the economy” With its extensive focus on infrastructure and healthcare, the Budget FY21-22 clearly focuses on reviving the economy. The key pillars such as health and wellbeing, capital and infrastructure, inclusive development, enhancing human capital, innovation and R&D and minimum government and maximum governance rightly identifies the core areas for sustained growth and provides considerable thrust towards an Atmanirbhar Bharat. The emphasis on further expanding the...

Union Budget 2021 LIVE Updates Finance Minister Nirmala Sitharaman is presenting the Union Budget 2021. Here are the key highlights: #Budget2021 proposals rest on six pillars Health and Well-Being Physical and Financial capital and infrastructure Inclusive Development for Aspirational India Reinvigorating Human Capital Innovation and R&D Minimum Govt., Maximum Governance LIVE Updates: Time 11.52 New Centrally Sponsored Scheme #PMAatmanirbharSwasthBharatYojana to be launched, outlay of Rs 64,180 crore over 6 years LIVE Updates: Time 11.55 Jal...

Schneider Electric becomes world’s most sustainable corporate Schneider Electric, the global giant in the energy management and automation, has become the world’s most sustainable corporate. The company has climbed the annual index of “the Global 100 most sustainable corporations in the world” compiled by researcher Corporate Knights – from a ranking of 29 last year. “A jump from 29th position the previous year, the top ranking for 2021 represents an important...

Nissan says all-new vehicle offerings in key markets to be electrified by early 2030s Nissan Motor Co., Ltd. has set the goal to achieve carbon neutrality across the company’s operations and the life cycle of its products by 2050. As part of this effort, by the early 2030s every all-new Nissan vehicle offering in key markets will be electrified. The company aims, 100% of all-new vehicle offerings to be electrified in...

Ola partners Siemens for EV manufacturing facility in Tamil Nadu Ola announced that it has partnered with Siemens to build its upcoming electric vehicle manufacturing facility in Tamil Nadu. In December, Ola had signed an agreement with the State government to invest Rs 2,400 crore for setting up its first electric scooter factory in the state. “Ola’s factory will be built on Industry 4.0 principles and will be the most advanced...

Tata Motors increases passenger vehicle prices Tata Motors has announced that it will hike prices of its passenger vehicle range, effective today. Rising input costs and material costs of steel, precious metals and semiconductors have compelled the company to pass on a part of the cost to customers. “Tata Motors has marginally increased prices from 0 to INR 26,000, depending on the variant. Continuing its commitment towards customers, the Company will...

Japanese company Daicel to set up airbag inflator manufacturing unit in Chennai Osaka headquartered Japanese company Daicel Corporation plans to establish a production site at the OneHub Chennai Industrial Park in Tamil Nadu. The plant is scheduled to start operations in December 2023. Earlier in October 2018, Daicel established a sales base – Daicel Safety Systems India Pvt. Ltd.in Gurugram – to conduct marketing and local research. “Until now, we have been...

AutoFlipz starts operations in Delhi NCR AutoFlipz, automobile startup in the Aftermarket Repair Shops (ARS) launches its operations in Delhi NCR. Founded by two investment bankers, Autoflipz will provide the much needed standardization and transparency in the ARS with first of a kind tech-enabled platform. The services segment in the auto sector is the fastest growing segment expanding at a CAGR of 9%. According to recent market data, only 35% of...

IMTEX Connect 2021: Manufacturing and Machine Tool Show on the Digital Platform Business is bouncing back sharply following the coronavirus induced lockdowns and the prolonged economic slowdown. Buying sentiments have been strengthened with encouraging orders and sales in recent months. Industries are transforming and becoming agile with optimization of resources and strategizing their business plans to become resilient. Aided by Government policies, industries are actively scouting for opportunities in newer...

Bridgestone India launches new tyre for commercial vehicles Bridgestone India announced the launch of its new generation Drive position tyre for the Commercial Vehicle segment, which is meant specifically for the general cargo, long haul, highway application. This tyre addresses issues of Tyre mileage, Fuel mileage and Cut-Chip resistance, thereby increasing tyre life and better retreadability. The tyre will be marketed under the name V-STEEL Mix M721. “Our global mission is...

OMRON releases 1S Series AC Servo System with PLe/SIL3 Safety Functions OMRON Asia Pacific, a global leader in industrial automation solutions, announces the launch of its new 1S Series AC Servo System with Safety Functionality. The new model joining the 1S Series, helps achieve safer manufacturing environments and higher productivity in the digital, food, pharmaceutical, cosmetics, and other industries. While harmonization between people and machines is being accelerated, and there is...

Imaginarium joins GE Additive Sales Partner Network to accelerate adoption of metal 3D printing technology in India GE Additive has selected Imaginarium to join its global sales partner network as an official sales partner in India. Imaginarium will resell GE Additive’s portfolio of metal additive manufacturing machines and metal powders which includes Direct Metal Laser Melting (DMLM) and Electron Beam Melting (EBM) technologies. The products are aimed at manufacturers across...

India’s manufacturing sector activity strengthens in December: PMI India’s manufacturing sector continued to strengthen in December with companies stepping up production and input buying amid efforts to rebuild their inventories following pandemic-driven business closures earlier in 2020, according to a private survey. Data released by analytics firm IHS Markit on Monday showed Purchasing Managers’ Index (PMI) for manufacturing sector picked up marginally in December to 56.4 from 56.3 a month ago....