WebinarsNew
Deep DiveNew
Explore Business Standard
Action Construction Equipment (ACE) on Thursday announced an investment of Rs 200 crore in a joint venture with Japan-based KATO Works Co. Ltd to manufacture high-capacity cranes in India. In a statement, ACE said ACE KATO Pvt. Ltd the 50:50 joint venture between ACE and KATO Works will manufacture high-capacity cranes in India for domestic and global markets. The joint venture has established an 11-acre manufacturing facility in Haryana with a planned investment of approximately Rs 200 crore, the construction equipment manufacturing company said. The facility will manufacture truck cranes, crawler cranes and rough-terrain cranes, catering to infrastructure, transportation, mining, ports, energy, metro rail, industrial and other heavy-duty applications. "By partnering with KATO, we are combining globally proven Japanese technology with India's manufacturing strengths to create a world-class platform for high-capacity crane manufacturing," said Sorab Agarwal, Executive Director, .
The government should consider a host of measures, such as removing the import levy on unwrought aluminium, correcting the inverted duty structure, and imposing a 20 per cent export duty on the metal to boost domestic aluminium-based manufacturing, think tank GTRI said on Thursday. It said that India's tariff policies have created some major distortions in the aluminium value chain - encouraging metal exports, inflating raw material costs for manufacturers, and increasing dependence on imported finished products. Aluminium is one of the foundations of modern industrial economies. It is essential for power transmission, renewable energy, electric vehicles, railways, construction, packaging, aerospace, defence, and a wide range of consumer and engineering products. As India accelerates investments in infrastructure, clean energy, advanced manufacturing, and electric mobility, the demand for aluminium and aluminium-based products is expected to grow rapidly, the Global Trade Research .
Adani Group and US-based electronics manufacturer Jabil Inc on Monday announced plans to form a strategic alliance to build a large-scale artificial intelligence (AI) and data centre infrastructure manufacturing platform in India, targeting both domestic demand and global exports. The proposed partnership aims to manufacture high-density AI racks, servers, storage systems, networking equipment and supporting power and cooling infrastructure, as India seeks to position itself as a global hub for AI hardware production. In a statement, Adani Enterprises and Jabil said the platform would target multi-gigawatt AI rack manufacturing capacity and cater to hyperscale cloud providers, colocation operators and enterprise data centres worldwide. The alliance combines Jabil's engineering and manufacturing expertise with Adani Group's infrastructure, renewable energy and data centre businesses to address what the companies described as rapidly growing demand for AI-ready data centre ...