CapEx News - Jun 2023

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Project News & Updates - Jun 2023


Gujarat govt inks deal for semiconductor assembly and testing plant at Sanand
Manufacturing  -  Jun 29,2023
The Gujarat government and Micron signed an MoU for a $2.75 billion semiconductor assembly and testing plant in Sanand. The plant aims to address India's reliance on imported semiconductor chips .


Chinese firm to form JV With Telangana-based company
Manufacturing  -  Jun 29,2023
Resojet Pvt Ltd and TCL Electronics Holding Limited are forming a joint venture to establish a state-of-the-art consumer electronics manufacturing plant in Telangana, India. The memorandum of underst .


India’s first advanced E-Bus manufacturing facility to be established in Pune with Rs 776 crore inve
Automotive Industries  -  Jun 29,2023
Pune-based company Pinnacle Mobility Solutions plans to revolutionize green mobility in India by establishing a cutting-edge electric and hydrogen fuel-cell vehicle production plant. With an investm .


3600-metre pipeline installed across Subansiri River in Assam: Details inside
Petroleum  -  Jun 28,2023
Ace Energy Infrastructure has constructed a 3600-meter pipeline with a 24-inch diameter across the Subansiri River in Assam. The project, undertaken by Indradhanush Gas Grid Ltd., aimed to extend the .


New Mangalore port signs MoU to develop container freight station
Infrastructure  -  Jun 28,2023
The Central Warehousing Corporation (CWC), Sagarmala Development Company Ltd (SDCL), and New Mangalore Port Authority (NMPA) have signed an MoU to establish a container goods station and warehousing f .


Prominent JV resubmits application to establish manufacturing unit incentives
Manufacturing  -  Jun 28,2023
The Vedanta-Foxconn joint venture has resubmitted an application to establish a chip manufacturing facility in India. Their previous application failed to qualify for financial incentives due to a lac .


Power management company to ramp up capacity at Puducherry facility
Infrastructure  -  Jun 28,2023
Power management company Eaton India is aiming to boost its revenue growth by 2.5 times by increasing capacity at its Puducherry factory. The company has purchased adjacent land and renovated an old .


1,000 acre PM Mitra Textile Park to come up in Uttar Pradesh
Textiles  -  Jun 28,2023
The Yogi Adityanath administration plans to build a 1,000-acre PM Mitra Mega Textile Park in Lucknow, employing one lakh young people and investing Rs 10,000 crore. The park will be located in Attari .


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