Coca-Cola on Thursday revealed a substantial investment of Rs 1,387 crore for a new manufacturing facility in Maharashtra’s Ratnagiri district. Spanning 88 acres in the Lote Parshuram Industrial area within the Maharashtra Industrial Development Corporation zone, the facility will utilize water from the Vashishthi river, according to a statement from Hindustan Coca-Cola Beverages. The greenfield […]
Dixon Technologies’ subsidiary, Padget Electronics, has unveiled its new Noida factory which will manufacture Xiaomi smartphones. The inauguration ceremony highlighted the investment of Rs 256 crore in this facility. The manufacturing plant is expected to generate approximately 5,000 job opportunities. With an annual production capacity of 25 million units, the facility aims to challenge prevailing […]
Tata Group’s Tata Electronics is likely to expand its existing iPhone-casing unit in Hosur to up to twice its current size and capacity, according to a media report on Monday. The company’s aim is to enlarge its contract manufacturing of high-end electronic items and accessories, the report added. Currently, the Hosur unit, spread across 500 […]
Daikin Air-conditioning India, a wholly owned subsidiary of Daikin Industries Japan, on Thursday, announced the commercialisation of its integrated air-conditioning & compressor manufacturing facility at Sri City, Andhra Pradesh. The new plant is spread across 75.5 acres, which aims to cater to the increasing demand for state-of-the-art air conditioning products manufactured in India, both domestically […]
MAS Holding’s Chairman, Mahesh Amalean on Monday met Odisha Chief Minister Naveen Patnaik and told him about the company’s interest in setting up an integrated textile and apparel manufacturing facility in Odisha. Amalean informed Patnaik about his company’s portfolio. The project can provide employment to more than 5,000 people. During the discussion, the Chief Minister […]
Dabur, an FMCG and ayurvedic products maker is planning to set up a new factory in South India in less than a year’s time, as its business scales in the region, according to the news agency PTI. Dabur, having reported a significant increase in its domestic sales from South India contributing 20 per cent of […]
One of Apple’s major Chinese component manufacturers, Luxshare, has reportedly opted to invest in Vietnam instead of India, citing political tensions between the two nations. According to media reports, Luxshare’s decision to invest USD 330 million in Vietnam’s northern province of Bac Giang comes after several unsuccessful attempts to expand its operations in India over […]
Daikin Air-conditioning India has revealed its plans to initiate operations at its third manufacturing facility in India by the end of 2023, according to a media release issued on Monday. The upcoming 75-acre factory, located in Sri City, Andhra Pradesh, is strategically positioned to meet the rising demand for domestically and internationally manufactured air conditioning […]
Indian manufacturing has accelerated through the second quarter of 2023-24 and is likely to continue for the subsequent quarters of the financial year 2023-24, notwithstanding the slowdown in developed nations, industry body FICCI’s latest quarterly survey revealed. The industry body’s latest quarterly survey assessed the performance and sentiments of manufacturers for the July-September 2023-24 quarter […]
Asia-Pacific (APAC) steel producers are poised for positive developments as an improving supply-demand balance promises to widen industry margins, aided by declining costs for essential raw materials, According to a report by Fitch Ratings. Chinese steel consumption has remained steady, with a flat year-on-year performance in 9M23. This stability is attributed to robust investments in […]
