Deepak Jain re-appointed as President of ACMA for 2020-21

Deepak Jain re-appointed as President of ACMA for 2020-21

Automotive Component Manufacturers Association of India (ACMA) announced the re-appointment of Deepak Jain, Chairman & Managing Director, Lumax Industries as its President and Sunjay Kapur, Chairman, Sona Comstar as the Vice President for the term 2020-21. The announcement was made at the 60th Annual General Mee...

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KfW IPEX-Bank offers EUR 10 million loan to Srei Equipment Finance

KfW IPEX-Bank offers EUR 10 million loan to Srei Equipment Finance

With the successful close of an export financing transaction, KfW IPEX-Bank is enabling the export of construction machinery for Srei Equipment Finance (SEFL) to India by providing a framework loan of EUR 10 million. The financing is backed by cover from Euler Hermes.Through this commitment, KfW IPEX-Bank is ...

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Anil Saboo elected as President, IEEMA for 2020-21

Anil Saboo elected as President, IEEMA for 2020-21

Indian Electrical & Electronics Manufacturers? Association (IEEMA), the apex association of the Indian electrical equipment manufacturing industry, announced that Anil Saboo has been elected as the President, IEEMA for 2020-2021. Saboo will take over the post during the IEEMA annual convention and AGM to be held...

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APM Terminals Pipavav?s board approves Rs 700-cr expansion plan

APM Terminals Pipavav?s board approves Rs 700-cr expansion plan

APM Terminals Pipavav (Gujarat Pipavav Port) has announced the approval of Rs 700 crore in coherence to the expansion plan of the company. The stated investment will be utilised for upgrading the port?s existing facility to handle bigger ships and eventually expand the container capacity to 1.6 million TEUs.T...

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BEML bags high mobility vehicles order from Defence Ministry

BEML bags high mobility vehicles order from Defence Ministry

BEML received order from the Ministry of Defence (MoD) for supply for 330 high mobility vehicles, for Pinaka Project at an approximate cost of Rs 842 crore.Pinaka is a multi-barrel rocket launcher developed indigenously for the Indian Army and produced in India by involving public and private sector defence i...

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Green Technology for Indian Roads

Green Technology for Indian Roads

An experienced Indian road construction company turned to Ammann to help it meet the increasingly stricter environmental standards. Founded in 2010 and headquartered in Ghaziabad, Uttar Pradesh, JRD Infratech primarily concentrates on road building and civil projects, but it also handles residential, industrial and com...

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Pre-owned Equipment Market to Excel

Pre-owned Equipment Market to Excel

In a recent market update by CRISIL Research, the construction equipment (CE) sales saw a steep decline of 70 per cent in the April-June quarter of the current financial year and there will be a slowdown for the fiscal. On...

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Used Equipment Market to Flourish

Used Equipment Market to Flourish

In a recent market update by CRISIL Research, the construction equipment (CE) sales saw a steep decline of 70 per cent in the April-June quarter of the current financial year and there will be a slowdown for the fiscal. On the contrary, the used equipment market is seeing continued growth during this period as many cus...

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Govt aims to make India a construction equipment manufacturing hub: Gadkari

Govt aims to make India a construction equipment manufacturing hub: Gadkari

Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways said that the government is targeting at making the country a manufacturing hub of construction equipment in the world. Addressing a webinar organised by CII on ?Construction Equipment, Technology, Compone...

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