PepsiCo announced that it would set up a new manufacturing plant in India's eastern state of Assam, with an investment of $12 million . Spread over 44.2 acres, the facility will be launched in 2025 and provide employment to 500 people. The company will source 50,000 tons of potatoes from...
Boeing to Ramp Up Sourcing Parts from India
Aerospace giant Boeing is planning to boost its engagement with India by stepping up sourcing of key components and high value parts from the country. The company is also exploring the potential to set up a manufacturing unit to tap the opportunities offered by the fastest growing aviation market, said...
Emerson Launches New Integrated Manufacturing Facility in India
Earlier this year, St. Louis, Missouri headquartered, global technology and software company Emerson, announced the launch of a new integrated manufacturing facility at Mahindra World City, in Chennai, Tamil Nadu. The 145,000-square-foot facility will manufacture fluid control and pneumatics products, including solenoid valves, air preparation units, cylinders, pneumatic valves and...
India’s Purchasing Managers Index Continues to Expand
India’s manufacturing PMI continues to climb after a 2021 end-of-year performance registering 55.5 for the month of December. An Economic Times survey involving 56 CEOs and business leaders from across India’s manufacturing, services, and infrastructure sectors, noted that companies are in an investment and capex boom. About 93% of the...
Ola plans to manufacture electric scooters in India
India’s largest taxi-business Ola is planning to projectile their business of vehicle manufacturing while keeping an eye on future prospects of electric vehicles. The company reportedly engaged the government from multiple states with a proposal to set up the world’s largest vehicle manufacturing facility. As per the latest reports, Ola is seeking to have 100...
Consumer electronics manufacturing to grow at 17%
The Indian consumer electronics market is expected to grow in double digits over the next several years. The five primary categories in the appliances and consumer electronics (ACE) market - air conditioners, audio, refrigerators, televisions and washing machines will see 11.7 per cent compounded annual growth until 2025, starting at...