Author: Dipalee Singh

Winkworth Machinery Limited, the UK’s largest industrial mixer manufacturer, has secured £750,000 in financing, backed by a UK Export Finance (UKEF) guarantee. The funding, provided by HSBC UK, will support the company’s expansion into international markets, including the USA, Asia, and the Middle East, while boosting its manufacturing capabilities and job creation. Operating since 1924, Winkworth Machinery designs and manufactures industrial mixers across various industries. This deal follows a period of growth, including the acquisition of a new manufacturing site in Dudley in 2024, which has increased production capacity and reduced lead times. The company’s workforce has also expanded, creating…

As India accelerates toward a sustainable future, BAXY Mobility stands at the forefront of the country’s electro-mobility revolution. In an interview with Anushka Vani, Kumar Ramamurthi, CEO of BAXY Mobility spoke about how BAXY Mobility is driving the transition to greener transportation. From overcoming industry-wide production challenges to spearheading advancements in electric three-wheelers, the company remains committed to shaping a robust and energy-efficient EV ecosystem. In this exclusive email interview, BAXY Mobility shares insights into its contributions, challenges, and vision for India’s electric vehicle landscape.

India has secured two loans totaling ₹73.2 billion ($850 million) from the Asian Development Bank (ADB) to advance its green infrastructure and manufacturing sectors, with a focus on sustainability and efficiency. The funding includes a $500 million loan extended to the India Infrastructure Finance Company Limited (IIFCL) under a sovereign guarantee, ensuring government backing in case of default. This loan will bolster IIFCL’s ability to integrate green practices into infrastructure projects, targeting critical areas such as connectivity, energy transitions, and under-resourced sectors like urban development, education, and healthcare. By supporting sustainable infrastructure, the loan aims to reduce environmental impacts, enhance…

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, plays a pivotal role in the global semiconductor industry. With a prestigious client list that includes tech giants like Apple and Nvidia, TSMC has established itself as a critical supplier for advanced technologies, including AI chips that power cutting-edge applications. Its dominance in the market stems from its ability to deliver high-performance, energy-efficient chips at scale, making it a cornerstone of innovation in industries ranging from consumer electronics to artificial intelligence. The company’s strong partnership with leading firms underscores its importance in driving technological advancements. Apple relies on TSMC for…

India’s Electronics Manufacturing Milestone India’s electronics manufacturing sector has achieved a significant milestone with the inauguration of Syrma SGS Technology’s advanced laptop assembly line in Chennai by Union Minister of Electronics and IT, Ashwini Vaishnaw. Initially capable of producing 100,000 laptops annually, the facility aims to scale its capacity to 1 million units in the next 1-2 years. This development aligns with the government’s Production Linked Incentive (PLI) 2.0 scheme for IT hardware, which has already driven ₹10,000 crore in production and created 3,900 jobs in just 18 months. Impact of PLI 2.0 and Global Partnerships Launched in May 2023,…

India and the United States recently unveiled a “first-of-its-kind partnership” for the co-production of U.S. sonobuoys, advanced systems designed for Undersea Domain Awareness to bolster the Indian Navy’s capability to detect submarines underwater. The announcement, highlighting the collaboration as a significant step in defense cooperation, was included in the fact sheet released following U.S. National Security Advisor Jake Sullivan’s visit to India. The sonobuoys, critical for tracking submarines in deep waters, will be co-produced by the U.S. company Ultra Maritime (UM) and India’s Bharat Dynamics Limited (BDL), a defense public sector enterprise. Chairman of BDL, Commodore A. Madhavarao (retd.), stated…

Tata Electronics is poised to acquire a majority stake in Pegatron Technology India, Apple’s contract manufacturer, following approval from the Competition Commission of India (CCI) on January 7. The antitrust regulator announced its decision in a social media post, stating, “Commission approves the acquisition of certain shareholding of Pegatron Technology India Pvt. Ltd. (Pegatron India) by Tata Electronics Pvt. Ltd. and the transfer of TEL Components Pvt. Ltd.’s business undertaking to Pegatron India.” The approval, filed under case number C-2024/11/1208, marks a significant development in the Indian electronics manufacturing sector as Tata Electronics strengthens its presence in Apple’s supply chain.

CHARLOTTE – Markdom Michigan Plastics, Inc., a subsidiary of Toronto-based Markdom International, plans to invest $19 million to establish its first U.S. facility in Charlotte, Michigan. The new operation will occupy a vacant site at 400 Parkland Drive within the city’s industrial park, creating 170 jobs in the region, according to a news release from the Lansing Economic Area Partnership (LEAP). Charlotte Mayor Tim Lewis expressed enthusiasm for the development, emphasizing the city’s support for the project. “We are thrilled to expand Markdom International’s operations in Charlotte, Michigan,” said Nick Orlando, CEO of Markdom International. “This new facility marks an…

TAIPEI (Taiwan News) — Taiwan Semiconductor Manufacturing Company (TSMC) has officially commenced 4-nanometer chip production at its first fabrication facility in Arizona. In an interview with Reuters on Friday, U.S. Commerce Secretary Gina Raimondo highlighted the significance of this milestone. “For the first time in our country’s history, we are producing leading-edge four-nanometer chips on American soil with American workers, matching the yield and quality of production in Taiwan,” she said. Raimondo confirmed that production began in recent weeks, calling it a “historic achievement” that many doubted could happen. She also noted that the Commerce Department had to persuade TSMC…

At the Mahindra Unlimit Tech Day, the company unveiled its bold vision for India’s electricmobility future, launching two EV ranges and providing insights into their advanced EVpowertrain manufacturing facility. Efficient Manufacturing in a conversation with Veejay Nakra,President, Automotive Sector, Mahindra & Mahindra Ltd., key themes of innovation,sustainability, customer experience, and the growth of India’s EV ecosystem took center stage.Here are highlights from the discussion, shedding light on Mahindra’s strategy to democratizetechnology and drive EV adoption. Mahindra & Mahindra hosted the highly anticipated Unlimit Tech Day, unveiling their ambitiousplans for electric mobility. The event included the launch of two distinct EV…