The Defence Research and Development Organisation (DRDO) successfully conducted a flight trial of the Autonomous Flying Wing Technology Demonstrator, which was an indigenous high-speed flying-wing Unmanned Aerial Vehicle (UAV) from the Aeronautical Test Range in Chitradurga, Karnataka. The demonstration of this autonomous stealth UAV was a testament to the maturity of the technology readiness levels in the country. With this[Read More…]
Last month, the Union Ministry of Micro, Small, and Medium Enterprises (MSME) launched three sub-schemes under the RAMP programme. These sub-schemes were designed to support MSMEs in adopting green technology, promoting circular economy projects and addressing the problem of delayed payments. The first sub-scheme, MSME Green Investment and Financing for Transformation Scheme (MSE GIFT Scheme), provided interest subvention and credit[Read More…]
Indian Space Economy is expected to reach USD 44 billion with the implementation of Indian Space Policy in 2023, as per a written reply by Union Minister of State, Dr Jitendra Singh in Lok Sabha. Currently, the Indian Space Economy stands at around USD 8.4 billion which is roughly 2-3% of the Global Space Economy. In the last decade, from[Read More…]
Export prospects for CV suppliers were limited, but opportunities existed amidst headwinds. Ashish Bhatia explored in this multipart series. Export aspirations have faced significant challenges due to unprecedented and peculiar circumstances. These include geopolitical trade uncertainties, supply chain bottlenecks, recessionary trends, and a demand slump that threatens consumption. The Russia-Ukraine crisis has already impacted trade, and the Israel-Gaza crisis has[Read More…]
ACMA reassures continuity in robust growth backed by strategic investments in the auto components sector, writes Richa Tyagi. In its findings shared at the Industry Performance Review for the first half of fiscal 2023-24 (H1-FY24), the turnover of India’s automotive component industry during the period April-September 2023 stood at an impressive Rs.2.98 lakh crore (USD 36.1 bn). This translates to[Read More…]
Tata Passenger Electric Mobility Ltd. (TPEM) and Shell India Markets Private Limited (SIMPL) have joined forces to advance India’s electric vehicle (EV) ecosystem. This collaboration, marked by a non-binding Memorandum of Understanding, aims to establish public charging stations across India by leveraging Shell’s extensive fuel station network and TPEM’s expertise gleaned from over 1.4 lakh Tata EVs on Indian roads.[Read More…]
Volvo Car India has inaugurated a cutting-edge Bodyshop in Mumbai, in collaboration with KIFS Volvo Cars, aiming to set new industry standards in automotive repair. The facility boasts advanced technology for crash repair, body measurement, and leather restoration, ensuring precise evaluations and flawless repairs for various Volvo models. Utilizing 3D measurement systems and advanced leather repair applications, the Bodyshop guarantees[Read More…]
Altair (Nasdaq: ALTR) has inaugurated its new office in Chennai, India, on April 9th, 2024. As a renowned figure in computational intelligence, product development, high-performance computing (HPC), and data analytics, Altair’s expansion in Chennai underscores its dedication to fostering innovation and collaboration within the Indian engineering community. This strategic move aims to better serve the growing customer base in the[Read More…]
Marelli is set to dazzle visitors at the Beijing International Automotive Exhibition with its cutting-edge innovations, emphasizing a journey through design-led innovation and the latest technologies tailored for the China market. From April 25 to May 4, 2024, at booth W1-W01, guests will embark on a curated experience showcasing Marelli’s approach to co-creation and its transformative impact on vehicle personalization.[Read More…]
Press Release Plastics Recycling Show India 2024 Spotlighting the Rapid Evolution of India’s Plastics Recycling Market The inaugural edition of Plastics Recycling Show India is to be held from 4th to 6th December 2024 at Bombay Exhibition Centre, Mumbai. India’s Plastic Recycling Industry is expected to grow from a total market volume of 9.9 million tons to 23.7 million tons[Read More…]
