Tag: manufacturing

German machinery exports to India rise 11% as firms look beyond China

October 9, 2026 admin

VDMA president Bertram Kawlath | Photo Credit: Special Arrangement India is emerging as a strategic partner for German and European mechanical and plant engineering industry, driven by rising demand, investment opportunities and efforts to diversify supply chains away from China, according to the German Engineering Federation (VDMA). German machinery exports to India rose 11% to…

Business

Higher demand revives operations at small foundries in Coimbatore

September 29, 2026 admin

For the small foundries in Coimbatore, the last six months have seen a revival of orders after a phase of sluggish demand. “If the current trend continues, small foundries will start investing again,” said Coimbatore Tiny and Small Foundry Owners Association (COSMAFAN) president A. Shiva Shanmughakumar. The foundries in Coimbatore district require about two lakh…

Business

Higher demand revives operations at small foundries in Coimbatore

September 29, 2026 admin

Nation

Industrial growth quickens to 8% in August on broad-based uptick

September 28, 2026 admin

Employees make iron parts which are used to construct bridges | Photo Credit: Reuters Industrial growth in India quickened to 8% in August 2026 from 7.35% a month earlier, driven by a strong performance in the manufacturing, electricity, capital goods, and consumer goods sectors. Growth in the Index of Industrial Production, data on which was…

Business

Principal Secretary to PM cautions banks against lending euphoria, urges focus on project viability

September 23, 2026 admin

Principal Secretary to the Prime Minister, PK Mishra, addresses the 13th SBI Banking and Economics Conclave via video conference as State Bank of India (SBI) Chairman Challa Sreenivasulu Setty looks on, in Mumbai. | Photo Credit: PTI Principal Secretary to the Prime Minister P.K. Mishra on Wednesday cautioned banks against reviving aggressive lending practices driven…

Business

Spiralling copper prices hit MSMEs in Coimbatore

September 16, 2026 admin

In Coimbatore, one of the main MSME clusters in the country, price of copper has shot up by almost 75% in the past one year. One kg of copper now costs ₹1,450 as against ₹800-₹900 a kg last year. The prices had touched ₹1,500 a kg earlier in the year and softened only recently. With…

Nation

Spiralling copper prices hit MSMEs in Coimbatore

September 16, 2026 admin

Business

Ramkrishna Forgings to invest ₹300 crore in 2026-2027

September 15, 2026 admin

Kolkata-based Ramkrishna Forgings that supplies forged, machined, and fabricated products, is investing ₹250 crore to ₹300 crore this year in multiple production facilities. Chaitanya Jalan, Joint Managing Director, said the company is investing ₹170 crore to manufacture components for passenger vehicles in Jharkhand. This will be commissioned in March- April next year. It will also…

Business

Ramakrishna Forgings to invest ₹300 crore in 2026-2027

September 10, 2026 admin

Kolkata-based Ramakrishna Forgings that supplies forged, machined and fabricated products is investing ₹250 crore to ₹300 crore this year in multiple production facilities. Chaitanya Jalan, Joint Managing Director, said the company is investing ₹170 crore to manufacture components for passenger vehicles in Jharkhand. This will be commissioned in March- April next year. It will also…

Business

Foundries in Coimbatore register 20% growth amid rising demand

September 8, 2026 admin

Investments in automation in foundries is on the rise in Coimbatore district in September 2026. | Photo Credit: FILE PHOTO PERIASAMY M The foundry industry in Coimbatore saw 20 % growth in the last one year with robust orders, said Jayakumar Ramdass, chairman – Inter Foundry and Inter Diecast event and Managing Director of Mahendra…

Business