JSWMG Alliance: Cost-Cutting and Technology Localization

06 May 2024 CW Team

JSW Group and MITSUBISHI HITACHI Power Systems (MHPS) have embarked on their joint venture, the JSWMG alliance, by implementing initial steps to reduce costs and localise technology. This collaborative effort reflects their commitment to optimise operations and enhance technological self-reliance.

The alliance aims to streamline processes and reduce expenses through various measures, including rationalising supply chains and optimising resource utilisation. By identifying areas for cost reduction and implementing efficient practices, JSWMG seeks to improve its competitiveness in the market.

Furthermore, the alliance is focused on localising technology to reduce dependence on imports and enhance indigenous manufacturing capabilities. This entails leveraging MHPS's expertise to develop and deploy advanced technologies tailored to the Indian market's specific requirements.

The JSWMG alliance's efforts align with broader industry trends towards localization and self-sufficiency, driven by factors such as geopolitical considerations and economic imperatives. By embracing these initiatives, JSW Group and MHPS aim to strengthen their foothold in India's power sector while contributing to the country's economic development.

The partnership between JSW Group and MHPS underscores their shared commitment to innovation, sustainability, and operational excellence. By pooling their resources and expertise, they are well-positioned to capitalise on emerging opportunities in the power generation and infrastructure sectors.

As the JSWMG alliance progresses with its cost-cutting and technology localization initiatives, stakeholders will closely monitor developments and assess the impact on the alliance's performance and market positioning. Through collaborative efforts and strategic investments, JSW Group and MHPS aim to drive sustainable growth and create long-term value for their stakeholders.

Real Estate

28 Oct 2025

Indian Real Estate Sector Sees Highest Capital Inflow in Seven Years

Equirus Capital, a leading full-service investment banking firm, has reported that India’s real estate sector has witnessed its highest capital inflow in seven years, with funds raised reaching ₹23,080 crore across 12 deals.According to Equirus Capital’s analysis, the cumulative capital raised by the sector since FY18 stands at ₹72,331 crore. Of this, Real Estate Investment Trusts (REITs) accounted for the largest share at ₹31,241 crore, followed by large-cap real estate companies at ₹20,437 crore, mid-cap players at ₹12,496 crore, and small-cap firms contributing ₹8,156 crore...

India’s Flex Office Market Set for Record Growth

myHQ by ANAROCK, India’s largest workspace discovery and flexible office solutions platform, has released its Flex Office Market in India 2025 Report, revealing that India is set to become the Asia-Pacific region’s largest flexible office market. The report highlights how flexible workspaces have become a mainstream component of India’s commercial real estate, capturing a growing share of national leasing activity.“Flexible workspaces have evolved from a cost-optimisation tool to a strategic necessity,” said Utkarsh Kawatra, CEO and Co-Founder, myHQ by ANAROCK. “Average corporate d..

India Defies Regional Slowdown; Office Leasing on Track for Record High in 2025

India’s office market continues to outperform the broader Asia-Pacific region, emerging as a key growth driver amid regional headwinds, according to Knight Frank’s Asia-Pacific Office Highlights Q3 2025 report. With 8.8 million sq. ft. transacted in the third quarter alone, leasing momentum remains robust. Full-year volumes across Bengaluru, NCR, and Mumbai are projected to reach 50 million sq. ft., surpassing the previous record of 41 million sq. ft. set in 2024.The surge has been fuelled by sustained leasing from Global Capability Centres (GCCs) and renewed activity from third-party IT s..