Gates Corp invests to establish Gates Global Technical Centre in Punjab

12 Jun 2024 CW Team

Gates Corporation, a leading global provider of application-specific fluid power and power transmission solutions, announces it is establishing a Gates Global Technical Centre in Lalru, Punjab. The foundation stone laying ceremony for this milestone project will be held on June 13th, with Dr Thomas Strong Moss, Senior Vice President of Innovation, Gates Corporation and Rajesh C Bhandari Senior Managing Director, Gates India, leading the event.

This initiative marks a major step for Gates in India, highlighting the company's commitment to the region as a centre for talent and R&D excellence. By setting up this cutting-edge facility, Gates aims to enhance its capabilities in innovation to deliver advanced solutions to its global customer base. Dr Moss expressed his enthusiasm for the project, stating, "We are excited to establish the Gates Global Technical Centre in Lalru, Punjab. This new Technical Centre reflects our confidence in India as a talent hub and R&D centre. This investment will strengthen our presence in India and drive innovation to benefit customers worldwide."

The Gates Global Technical Centre will serve as a hub for collaboration and innovation, fostering partnerships with local institutions and industry stakeholders to address engineering challenges and drive breakthroughs.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..