Sumitomo Mitsubishi Banking Corp to Establish Branch in GIFT City

Adani Cement and CREDAI to Elevate Sustainable Urban Construction

Adani Cement and CREDAI (Confederation of Real Estate Developers’ Associations of India) have entered an exclusive preferred partnership to advance sustainable and high-quality construction in India. The signing took place in the presence of Hon’ble Chief Minister of Goa, Pramod Sawant, during the CREDAI Governing Council Meeting held in Panjim, attended by industry body office bearers and leading developers from across the country.This strategic alliance brings together Adani Cement and the country’s apex body of private real estate developers, aiming to benefit both organisations and t..

DCVMI Inaugurates New Manufacturing Plant in Cikarang

Daimler Truck marked a significant milestone in its regional expansion with the opening of Daimler Commercial Vehicles Manufacturing Indonesia (DCVMI)—a cutting-edge greenfield manufacturing facility located in the Cikarang Industrial Area, Indonesia. This strategic investment underscores Daimler Truck’s long-term commitment to Southeast Asia, tailored to meet the region’s dynamic and evolving mobility needs. The new DCVMI plant spans 15 hectares and has an annual production capacity of 5,000 Mercedes-Benz trucks and buses. With a total investment of IDR 500 billion, this facility e..

Govt Defers OTR-2024 Implementation to September 2026

In a significant development for the construction, mining, and heavy equipment industries, the Ministry of Heavy Industries (MHI) has officially deferred the implementation of the Machinery and Electrical Equipment Safety (Omnibus Technical Regulation) Order, 2024 (OTR-2024) by one year. The new compliance date is now set for September 1, 2026.The OTR-2024, originally notified on August 28, 2024, was to come into effect from August 28, 2025. It aimed to regulate the safety of machinery and electrical equipment, including earthmoving, construction, mining equipment, cranes, and their assemblies..