Okinawa to invest 25 mn euros in next 3 years

31 Jan 2023 CW Team

Okinawa Autotech, a maker of electric two-wheelers, announced on Wednesday that it will spend 25 million euros over the next three years on the creation of new models and powertrains. The project, according to the corporation, will be developed at its first research and development facility in Italy, which was recently opened and was established in collaboration with its joint venture partner Tacita.

The first item created at the worldwide centre will be an electric cruiser motorcycle, which is expected to be unveiled in India soon, according to a statement from Okinawa Autotech.

For the next three years, a total investment of 25 million euros has been budgeted for the development of new goods and powertrains, it was stated.

"The establishment of the international R&D facility demonstrates our desire to provide our Indian clients with the greatest technologies available worldwide. The centre will research cutting-edge technology for the upcoming generation of electric vehicles "Jeetender Sharma, MD and founder of Okinawa Autotech, said.

In the last five years, the company, along with its major stakeholders, has reportedly invested 5000 million in the creation of new products, production facilities, network expansion, and brand building. Okinawa announced that its global R&D centre will continue to concentrate on the creation of new goods, the improvement of the current product line, and the creation of an entirely new e- powertrain to support the following generation of products.

It continued, "The centre will employ up to 50 specialists from India and throughout the world, and shortly the company will launch its employee exchange programme with Tacita to nurture employees' skills both at home and abroad.

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..