Author: MM Desk

Grundfos, the Denmark-based leading pump maker, has announced its intention to maintain double-digit growth in India, building on a remarkable 14% growth recorded in 2023. As the company sees promising opportunities to expand its business across its four divisions in the country, Grundfos is poised to capitalize on favorable growth prospects. Usha Subramaniam, Country President – India, Grundfos Pumps India Pvt Ltd, the Indian arm of the $4.6 billion Grundfos, highlighted the company’s strong performance in 2023, with revenue touching ₹900 crore. Subramaniam expressed confidence in the potential for growth across Grundfos’ business segments, emphasizing the promising outlook for the…

The Association of Indian Medical Device Industry (AiMeD) has set a target to triple India’s exports of medical devices to Russia within the next five years through collaborative efforts between the two nations. This initiative follows a recent online meeting between representatives from India and Russia, where discussions focused on exploring opportunities in manufacturing and marketing life-saving medical equipment and devices. In an official statement, AiMeD emphasized the importance of dynamic and multifaceted economic engagement between India and Russia, guided by shared interests and a commitment to deepen bilateral cooperation. Over 70 Indian manufacturers and exporters, alongside key Russian investors,…

Pavna Industries, a leading player in the automotive components sector, has recently announced an agreement with Ola Electric, further cementing its presence in the burgeoning electric vehicle (EV) market. The agreement entails Pavna Industries supplying ignition switches and latches to Ola Electric, a move aimed at fortifying the latter’s manufacturing capabilities for two-wheeler electric vehicles. In a statement released by Pavna Industries, the company expressed its commitment to providing high-quality components to Ola Electric’s manufacturing facilities spread across India. This collaboration enhances the quality standards of Pavna Industries in the EV segment, and bolsters the affordability aspect for consumers. Swapnil Jain, the Managing Director of Pavna…

In a significant development, Avaada Energy has emerged victorious in securing a 250 megawatt (MW) solar-wind hybrid power project in a recent tender issued by the Renewable Energy Implementing Agency (REIA), NTPC. The tender, previously issued by NTPC, aimed to select hybrid power generators to supply 1,000 MW of power through Inter-State Transmission System (ISTS)-connected wind-solar hybrid projects. Avaada Energy clinched a substantial portion of the tender, securing 250 MW capacity with a competitive tariff of ₹3.47 per kWh. Vineet Mittal, Chairperson of Avaada Group, speaking about the project, stated “This project not only reflects our competitive edge in hybrid…

Databricks, a leading Data and AI company, has unveiled its latest innovation, the Data Intelligence Platform for Energy. This revolutionary platform is designed to empower enterprises in the energy sector with AI capabilities, leveraging a unified platform and open lakehouse architecture. By harnessing vast streams of energy data, organizations can develop generative AI applications without compromising data privacy or intellectual property. The Data Intelligence Platform for Energy provides energy leaders with a comprehensive view of their operations in real time, enabling them to proactively address maintenance needs, minimize unplanned downtime, accurately forecast energy generation, and drive efficiency and sustainability. The…

India is set to achieve self-sufficiency in urea production by the end of 2025, aiming to completely halt urea imports. This development comes as domestic production has significantly increased, narrowing the demand-supply gap. Mansukh Mandaviya, the Minister of Chemicals and Fertilisers, underscored the crucial role of fertilisers in Indian agriculture, highlighting the country’s six-decade-long reliance on chemical fertilisers to enhance crop yields. The government is now actively promoting alternative fertilisers such as nanoliquid urea and nanoliquid di-ammonium phosphate (DAP) to improve crop and soil health. Mandaviya outlined the strategy of the Modi government to achieve self-sufficiency, which includes reviving closed…

Tresa Motors, a leading original equipment manufacturer (OEM) of medium and heavy electric trucks in India, is proud to unveil the V0.2 model, representing a significant leap forward in its ongoing commitment to engineering excellence, reliability, and efficiency. This new model builds upon the success of its predecessor, introducing groundbreaking features that are poised to redefine the electric vehicle (EV) landscape in India. One of the key highlights of the V0.2 is its innovative Centralized Computing Unit, a first in India, which enhances overall vehicle performance and efficiency. Additionally, the truck boasts an Advanced Telemetry System that provides real-time data…

Amul Dairy, renowned as India’s leading dairy brand, has embarked on a significant expansion of its production capabilities by integrating two cutting-edge SIG filling machines for aseptic carton packs into its Kheda Satellite Dairy plant located in Khatraj, Gujarat. This strategic move not only underscores Amul’s unwavering commitment to meeting the ever-evolving demands of the market but also exemplifies its proactive stance in capitalizing on emerging opportunities. The deployment of these state-of-the-art filling lines is a clear testament to Amul’s visionary approach in embracing advanced technologies to align with shifting consumer preferences and dynamic market trends. Dr Amit Vyas, the…

Freudenberg Group, a renowned global technology corporation marking its 175th anniversary in 2024, revealed today a significant upsurge in its operational profits and revenues for the fiscal year 2023. The company’s sales soared to €11,902.8 million, showcasing a 1.3% increase from the previous year’s €11,753.1 million. Notably, the operational profit skyrocketed to €1,081.6 million, a substantial 15% surge from the €941.8 million reported in the prior year. Moreover, the profit margin witnessed a commendable rise from 8.0% to 9.1% compared to the preceding year. Freudenberg Group attributes its remarkable global growth to its adaptable problem-solving approaches across various industries, innovative…

The Indo-American Chamber of Commerce (IACC), Gujarat Region, a leading organization dedicated to enhancing ties between India and the US, recently collaborated with Silver Oak University to host an extensive seminar in Ahmedabad. The event, held on a Saturday, focused on the intricacies of US Immigration Law and its implications for businesses and investors. The endeavor, endorsed by the NPZ Law Group and CMB Swiss Co-USA, sought to offer invaluable perspectives on the legal structure pertaining to immigration for entrepreneurs and investors considering ventures in the US market. The initiative was designed to provide comprehensive guidance and understanding of the…