Matter Group secures $ 35 mn funding from Helena and other US investors

VinFast Eyes Expansion in India Beyond Tamil Nadu

Vingroup’s electric vehicle arm, VinFast, is ramping up its India entry with a US$2 billion (approx. Rs 167 billion) manufacturing facility underway in Thoothukudi, Tamil Nadu, and is now in talks with Andhra Pradesh and Telangana governments to expand its footprint.VinFast plans to launch its VF6 and VF7 electric SUV models in India ahead of the festival season this year, marking its debut in the country’s fast-growing EV market. "We explored several locations before finalising Thoothukudi for its strategic proximity to a port and airport," said VinFast Asia CEO Pham Sanh Chau.Beyond Tami..

Uttarakhand Inks Pact for Eco Ropeway to Kunjapuri

The Uttarakhand government has signed a Memorandum of Understanding with Swiss ropeway manufacturer Bartholet Maschinenbau AG to develop a ropeway connecting Tapovan in Rishikesh to the Kunjapuri Temple in Narendranagar, Tehri district.The ropeway project, aimed at enhancing tourism and accessibility, will offer a seamless, eco-friendly alternative to road travel, significantly reducing journey time while improving safety and lowering environmental impact. Officials stated that the system will also ease traffic congestion and promote sustainable tourism in the region.Bartholet, a leading Swiss..

Construction Equipment Demand Set To Rise in FY25

Industry stakeholders anticipate strong demand for construction equipment in FY25, buoyed by above-normal monsoon forecasts and the Indian government’s continued focus on infrastructure development. This outlook was shared by Deepak Shetty, President-Designate of ICEMA and CEO & MD of JCB India.Shetty expressed optimism that the Indian Meteorological Department’s prediction of above-average rainfall would directly benefit the rural market—where most construction equipment is deployed. “With the government’s infrastructure thrust, I expect double-digit growth for the sector this y..