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LOCAL PRODUCTION OF COMPRESSORS
India’s electrical equipment industry to reach $235 billion by 2035: McKinseyIndia's electrical equipment industry is on the brink of a transformative surge. Projections indicate that by 2035, the nation could produc...- Curbs on compressor imports could hit supply of ACs & refrigerators, warn companiesThe concern follows a May 8 order by the Department for Promotion of Industry and Internal Trade (DPIIT), which links compressor imports in...
- Rolls-Royce, HAL joint venture doubles down on India manufacturingIn a groundbreaking development, International Aerospace Manufacturing Private Ltd—formed through the collaboration of Rolls-Royce and Hind...
- Ukraine is hitting oil facilities deep inside Russia. Soaring fuel prices could blunt impactUkrainian drones are hitting Russian oil facilities deep inside the country. These attacks aim to cut funding for the war. While the econom...
- For investors with long-term perspective: 5 mid-cap stocks from different sectors with upside potential of up to 30%Even before the US-Israel-Iran war began, there was a sort of readjustment taking place in the mid-cap segment – a kind of valuation readju...
- Maharashtra govt clears mega projects of ₹2.56 lakh crore in key sectors like solar, electronics and green energyMaharashtra Chief Minister Devendra Fadnavis approved special incentives for 18 large projects totaling ₹2.56 lakh crore. The investments a...
- Supply woes spur call for easing quality curbs on critical importsIndian industries are seeking relaxed quality control rules. This move aims to secure vital components from alternative sources like China....
- Chinese AC compressor import rules eased for a year to tackle shortageTo address a critical shortage, the Indian government has temporarily waived mandatory BIS certification for air-conditioner compressor imp...
- India stays cool, thanks to China. Can that change?India anticipates intense heat from April to June. This could strain the air conditioner market. The industry relies on imported components...
- India warms up to China to stay cool this summer; Asks AC, fridge cos to build factories for compressorsThe Indian government is exploring flexible joint ventures between Indian and Chinese firms for manufacturing air conditioner and refrigera...
- Govt exempts critical AC and refrigerator components from BIS certification to prevent shortage during summerTo prevent a potential shortage during a brutal summer, the Indian government has exempted certain AC and refrigerator components from mand...
- AC prices set to soar: Rupee plight is raising the heat on what cools youWith rising temperatures, air conditioner prices are set to increase due to higher import costs from a weaker rupee and supply chain disrup...
- Chinese compressor freeze may turn up the heat on IndiaIndia's AC and refrigerator production is expected to face challenges this summer due to limited compressor supplies. Chinese manufacturers...
- Nike, Carrier have a problem as India rubBIShes China factories' quality certification applicationsThese firms have now written to the government to seek certification for manufacturing units in other Asian nations, a senior government of...
- Mitsubishi Electric India performs groundbreaking ceremony for manufacturing plant in ChennaiMitsubishi Electric India, a subsidiary of Mitsubishi Electric Corporation, held a ceremony to mark the start of construction for its first...
- ELGI Sauer Compressors sets up new manufacturing unit to produce high pressure compressorsThe manufacturing unit would house an engineering centre to provide support to the Sauer Compressors Group worldwide. "This is an important...
- LG to invest Rs 300 crore to manufacture air-conditioner components in IndiaThis investment into component eco-system has ensured that over 65% of LG’s ACs made in India are from parts locally sourced as compared 40...
- Shanghai Hitachi commissions AC compressor plant in GujaratThrough the plant, the company seeks to expand its presence in the global market for AC compressors, particularly in BRICS countries, it sa...
- Elgi Equipments gets board nod for buying France's BelairThe board of Rs 500-crore Elgi Equipments has approved the acquisition of Belair, France, engaged in assembly, sales and service of industr...
- Elgi Equipments acquires Belair of France
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