Author: em@pi-india

Aavishkaar Capital has committed ₹43 crore (approximately $5 million) to Poshs Metal Industries Pvt Ltd, marking a significant milestone as its seventh investment under the Global Supply Chain Support Fund. This strategic move is set to bolster Poshs Metal’s presence in the auto-grade steel segment and fuel its expansion initiatives. Strengthening Global Supply Chains with Sustainable Investments The Global Supply Chain Support Fund, supported by Aavishkaar Capital and KfW, is dedicated to backing enterprises that prioritize environmental sustainability and social inclusivity. With a corpus of USD 220 million, the fund aims to empower small and medium-sized businesses across Asia and…

Divi’s Laboratories Gains 3.5% After Signing Long-Term Manufacturing and Supply Agreement with Global Pharma Major Divi’s Laboratories rose 3.50% to ₹5,835.95 after announcing the signing of a long-term manufacturing and supply agreement with a leading global pharmaceutical company. In a regulatory filing dated 18 April 2025, Divi’s stated that the agreement covers the manufacturing and supply of advanced intermediates. The partner’s identity remains confidential due to a non-disclosure clause. The company clarified that the agreement is international in scope and does not involve any upfront payments. Divi’s expects a “meaningful revenue contribution” from the partnership over the duration of the…

India Strengthens Electronics Manufacturing with Inauguration of VVDN Technologies’ SMT Line and Innovation Park In a major boost to India’s electronics manufacturing sector, Union Minister for Electronics and Information Technology, Railways, and Information & Broadcasting, Ashwini Vaishnaw, inaugurated VVDN Technologies’ largest Surface Mount Technology (SMT) Line and Mechanical Innovation Park at the company’s Global Innovation Park in Manesar, Haryana. The event marked a key milestone in India’s efforts to expand its presence in global electronics value chains. Highlighting the advancements made over the past decade under Prime Minister Narendra Modi’s leadership, the Minister announced that the recently approved Electronics Component…

Panasonic India Head Calls for Separate PLI Scheme for Compressors, Motors to Boost PCB Manufacturing Panasonic India chief Manish Sharma has emphasized the urgent need for a separate production-linked incentive (PLI) scheme targeting the air conditioner segment, particularly for high-value components like compressors and motors — a sentiment echoed by the broader industry. Commenting on the government’s recent PLI scheme for passive (non-semiconductor) electronics components, Sharma, who is also Chairman of Panasonic Life Solutions India, said the move will bolster industry growth and enhance India’s competitiveness in global markets. On March 28, the government approved a PLI scheme worth ₹22,919…

NVIDIA is partnering with top manufacturers to design and build facilities that will, for the first time, produce its AI supercomputers entirely within the United States. In collaboration with key partners, the company has secured over one million square feet of manufacturing space to produce and test its latest Blackwell AI chips in Arizona and to assemble AI supercomputers in Texas. Production of Blackwell chips has begun at facilities operated by TSMC in Phoenix, Arizona. Meanwhile, supercomputer manufacturing is being established in Texas, with Foxconn in Houston and Wistron in Dallas. Mass production is anticipated to scale up within 12…

Haryana will soon develop an Industrial Manufacturing Cluster (IMC) near Maharaja Agrasen Airport in Hisar, spanning approximately 3,000 acres and involving an estimated investment of ₹4,680 crore. The project will be executed in collaboration with the National Industrial Corridor Development Corporation (NICDC) and is a key component of the Amritsar-Kolkata Industrial Corridor (AKIC). Aimed at boosting industrial growth and promoting planned urbanization, the IMC is expected to attract investments worth ₹32,000 crore and create over 10,000 employment opportunities. The cluster will be equipped with state-of-the-art infrastructure and will significantly benefit from its proximity to the airport. According to an official…

Kolkata, Apr 16 (PTI) — Matix Group has announced plans to enter the industrial and specialty chemicals sector with an investment exceeding ₹2,600 crore in West Bengal. As part of this initiative, the company will set up Eastern India’s first Iso-Propyl Alcohol (IPA) plant to cater to growing domestic demand and advance the Atmanirbhar Bharat mission. The upcoming IPA facility, with an annual production capacity of 50,000 tonnes, will be located within Matix’s existing premises at Panagarh Industrial Park, which also hosts its 1.27 million tonnes per annum urea plant. The company expects the new unit to be operational in…

Chhattisgarh Chief Minister Vishnu Deo Sai laid the foundation stone and performed the bhoomipujan for a semiconductor manufacturing facility in Nava Raipur on Friday. The plant will be set up by Chennai-based Polymatech Electronics and will focus on producing advanced Gallium Nitride (GaN) semiconductor chips, essential for enabling 5G and 6G technologies in the state, according to officials from the state’s industry department. The state government signed an Invitation to Invest agreement with Polymatech during the Chhattisgarh Investor Connect held in New Delhi in December 2024. The project involves an investment of ₹1,143 crore and is projected to create significant…

In a strategic move that could reshape India’s electronics manufacturing landscape, Taiwanese giant Foxconn is exploring the setup of its first independent facility in North India — a 300-acre industrial park along the Yamuna Expressway in Greater Noida, Uttar Pradesh. According to people familiar with the matter, the proposed unit could surpass the size of its upcoming Bengaluru facility, which is already poised to become the company’s second-largest globally. Though the exact products to be manufactured are still under discussion, and talks with the government are ongoing, Foxconn’s interest marks a strong northward expansion of its India footprint. This facility…

India is well-positioned to tap into a multi-billion dollar export opportunity by supplying aircraft components to airframers and other original equipment manufacturers (OEMs), sources told BusinessLine. As part of this effort, the government has held consultations with industry stakeholders to understand the challenges they face in scaling up production and achieving innovation milestones. In addition, discussions are ongoing to ensure the aerospace industry has uninterrupted access to high-quality steel and aluminium. Stakeholder feedback has also emphasized the need for establishing testing and certification facilities within India that are accredited by international bodies like the FAA (Federal Aviation Administration, US) and…