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Capital Goods

In order to ensure hassle-free growth for the heavy industry, the Central government is set to bring in new national capital goods policy by the end of March 2016. The new policy will envisage provisions such as uniform Goods and Services Tax (GST), up to 50 per cent Cenvat credit facility to manufacturers with a […]

Direct selling firm Amway on Monday announced it has set up its first manufacturing facility in India on an investment of Rs 550 crore, in Tamil Nadu. The company said India is only the fourth country in the world where it has invested in a plant. “Amway has spent in India, more than 30 per […]

Kobelco Cranes India, the Indian arm of Japanese crane manufacturer Kobelco Cranes, has signed a memorandum of understanding (MoU) for expanding its existing production unit at Sri City, an integrated township near Chennai. The facility manufacturers hydraulic crawler cranes. The facility opened in Feb 2012 across 10 acres and Kobelco will now be an buying […]

Taking what is seen as first step towards the ‘Made in India’ concept announced by Prime Minister Narendra Modi, the Government on Monday announced a Rs. 20,000-crore scheme for enhancing competitiveness of small and medium enterprises in the capital goods sector. Under the scheme approved by the Cabinet, the first phase, with an outlay of […]

Mechanical power transmission equipment major Ringfeder Power Transmission GmbH, part of the VBG Group of Germany, has set up shop in Chennai under the name Ringfeder Power Transmission India Pvt Ltd. The company manufactures products such as friction spring application systems, damping systems, locking assemblies and heavy-duty industrial shock absorber systems that find application in […]