Manufacturing

Union Budget 2023 | Reaction from Shivaji Waghmare, CEO, Fuji Electric India I think Budget 2023 is growth-oriented and it strikes a balance between economic growth and social welfare. It is great news that the budget has provided Rs 35,000 crores priority capital investment towards energy transition and net zero objectives, and energy security. We appreciate the move to extend customs duty exemption to the import of capital goods and...

Union Budget 2023 | Reaction from N Venu, MD and CEO, India and South Asia, Hitachi Energy   Infrastructure India needs commensurate infrastructure development to reach its goal of becoming a 5 trillion economy. Over many years, the governments have been investing in capex, pumping the much-needed energy to keep the economy sanguine. This is well reflected in the Economic Survey of 2022-23; Capital Expenditure (Capex) of the central government increased by 63.4...

Union Budget 2023 | Disappointing Budget for Medical Devices Industry | Budget Reactions Rajiv Nath on behalf of the Indian Medical Devices Industry expressed deep disappointment and anguish over the Union Budget 2023 giving “cold shoulder” to the Indian medical device industry. His reactions: It is highly disheartening that against Industry’s expectations and assurance by the various Govt. departments, the government has not announced any measures to help end the 80-85% import...

Captain Electrical to set up new manufacturing plant in Maharashtra The new factory will produce its new range of premium products called AVE for customers around the globe. Captain Electrical Industries announces the setting up a new plant in Maharashtra’s Palghar, with the goal of doubling its manufacturing capacity upgrading from 24,000 sq ft to 150,000 sq ft and creating over 250 job opportunities for the locals. The company's commitment to continual...

VDMA, ZVEI and Deutsche Messe announce joint staging at HANNOVER MESSE 2023 Connectivity is at the heart of digital transformation in all sectors of our economy and society. Wireless communication systems offer enormous opportunities for flexible, scalable connectivity tailored to the specific needs of industry, opening up unimagined opportunities. At HANNOVER MESSE 2023, the three partners VDMA, ZVEI and Deutsche Messe will be jointly presenting the “Industrial Wireless Arena +...

IMTEX, Tooltech & Digital Manufacturing 2023 - A Showstopper for Manufacturing Snapshot: 991 Exhibitors; More than 96,000 Visitors; 23 Countries; 5 Country Pavilions The 20th edition of IMTEX, a showstopper for manufacturing industry concluded successfully. The show organised by IMTMA was held from 19th to 25th January at Bangalore International Exhibition Centre. IMTEX 2023 focused on metal-cutting machine tools and manufacturing technologies.  The exhibition was held in an area of 77,000 square...

B&R introduces a new PLC family: X20 Embedded B&R introduces a new PLC family: X20 Embedded. The PLCs combine high performance and numerous integrated interfaces in a housing only 55 mm wide. That makes them only half the width of comparable devices. With their powerful Intel Atom processors, the new PLCs are also suitable for demanding applications with short cycle times. The compact devices can even control a full-fledged robotics application....

Siemens Mobility bags €3 bn project from Indian Railways Siemens Mobility has received an order for 1,200 locomotives of 9,000 horsepower (HP) from Indian Railways, marking the single largest locomotive order in the history of Siemens Mobility and single largest order in the history of Siemens India. The contract has a total value of approximately €3 billion, excluding taxes and price variation. Siemens Mobility will design, manufacture, commission and test the...

RSB Transmissions partners with Israel’s EVR Motors to electrify India’s LCV market RSB Transmissions (I) Ltd, as part of diversification, has made entry into EV segment to tap wide market potential in LCV segment by partnering with EVR Motors, Israel, who are leading design innovators in EV segment and created benchmark to make EVs more effective and accessible with rich portfolio of global clientele. The agreement was signed in the...

Freudenberg showcases sustainable solutions at Auto Expo Components 2023 Germany-based global technology group Freudenberg companies participating in Auto Expo include Freudenberg Filtration Technologies (FFT), Freudenberg Home and Cleaning Solutions (FHCS), Corteco and Klüber Lubrication along with OKS and SurTec. Freudenberg booth is located at the German Pavilion, Booth No. 5.21 Hall No. 5. “India's automobile industry has developed over the past few years, offering a diverse selection of vehicles, including electric...

Atul Greentech announces its foray into electric vehicle space | Auto Expo 2023 Atul Greentech Private Limited (AGPL), a subsidiary of Atul Auto Limited, today announced its foray into the electric space with the unveiling of two electric three-wheelers, Atul Mobili and Atul Energie at the Auto Expo 2023 in New Delhi. Atul Mobili is a passenger vehicle and Atul Energie is a cargo variant with distinct looks, robust build...

Honeywell wins SEAL Sustainable Innovation Award 2022 for its Solstice portfolio Honeywell received the “SEAL Sustainable Innovation Award 2022” for its Solstice portfolio of ultra-low global warming potential (GWP) products. Honeywell's Solstice portfolio has been contributing significantly to sustainability across industries. The SEAL (Sustainability, Environmental Achievement, and Leadership) Sustainable Innovation Award recognizes innovations that represent game-changing ideas that bring us to a more sustainable future. The applicants were judged on the...

Schneider Electric appoints Binu Philip as CHRO for Greater India Zone Schneider Electric, the global leader in digital transformation of energy management and automation, has appointed Binu Philip as the new Zone VP HR (CHRO) for Greater India. Prior to this appointment, Binu was the Vice Presider HR for the International Operations for the Secure Power Division of the company. Binu has been with Schneider Electric for over 7 years. He has...

BKT to launch 2 new EARTHMAX tires at bauma CONEXPO INDIA 2023 Balkrishna Industries Ltd. (BKT), the Indian multinational company and global player in the off-highway tire market, will be participating in the bauma CONEXPO India 2023 and will be launching two tires under the sub-brand EARTHMAX. These ‘Made for India’ tires are designed for the Indian infrastructure, construction, and mining sectors. BKT will also be exhibiting some of its other...

Schneider Electric to double its manufacturing capacity; Invests Rs. 425 Cr in Bengaluru Schneider Electric plans to double its manufacturing capabilities with the development of a new smart factory in Bengaluru. With a planned investment of Rs. 425 crore, the new facility will consolidate 6 out of the 10 existing factories of the company in Bengaluru, under one roof. Expanding its presence to a 1 million sq. feet of industrial setup...