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Mitsubishi Electric unveils factory for advanced Automation Systems
Mitsubishi Electric India has unveiled its latest manufacturing facility for advanced Factory Automation Systems in the Talegaon Industrial area of Maharashtra, India.
Covering a total area of 40,000 sq m, with an initial construction of 15,400 sq m, the facility represents a Greenfield Investment of Rs 2,200 million. This strategic investment underscores Mitsubishi Electric's dedication to fortifying its presence in India and meeting the increasing global demand for sophisticated automation and intelligent manufacturing solutions, as stated in the company's official press release.
Mitsubishi Electric to infuse Rs 220 cr to develop factory in Pune
Mitsubishi Electric Corporation told the media that it would invest about Rs 220 crore in its Indian subsidiary to develop a new factory near Pune in Maharashtra.
Its subsidiary Mitsubishi Electric India will produce inverters and other factory automation (FA) control system products. The factory is anticipated to begin operations in December 2023 and would expand the company's capabilities to satisfy the growing demand in India. The rapidly expanding Indian market is growing at an annual rate of about 8% specifically in industries such as pharmaceuticals, automobile..
3i EXPO & Conference gets a rousing response from the manufacturing industry; IPF presents awards to 19 SMEs from across India
IIFCL's FY24 disbursement surges 62% to Rs 223.56 bn
The state-owned India Infrastructure Finance Company announced a disbursement of Rs 223.56 billion in the fiscal year 2023-24 (April-March), marking a 62% increase compared to the previous year. This surge indicated a heightened demand for longer tenure financing within the infrastructure sector. As of March 2024, the cumulative disbursement on a consolidated basis amounted to about Rs 1.48 trillion.
During a post-earnings press conference, Padmanabhan Raja Jaishankar, the Managing Director of IIFCL, stated that the proportion of completed and operational assets had been steadily g..
Biden's Tariffs Signal U.S. Trade Policy Shift
In a significant move signaling a strategic shift in U.S. trade policy, President Joe Biden has announced new tariffs targeting a range of Chinese clean tech exports. This move comes amidst a backdrop of increasing tensions between the world's two largest economies and a growing emphasis on decarbonization efforts globally.
The escalation of tariffs, particularly on goods such as Chinese electric vehicles and solar cells, underscores Biden's aim to address both climate change and the need to reduce dependency on Chinese manufacturing. While some may view these tariffs as primarily symb..
