News

Medical Fair India 2026 Highlights India’s US$18 Billion MedTech Sector

India’s medical device sector has grown from a US$ 5 billion industry in 2020–21 to US$ 18 billion today, reflecting the country’s expanding capabilities in medical technology manufacturing and its transition from import dependence towards greater self-sufficiency. The sector’s growth, supported by Government policies and increased manufacturing activity, was a key focus of the opening day of the 32nd edition of Medical Fair India 2026, organized by Messe Düsseldorf India at the Bombay Exhibition Centre, Mumbai.

Exel Composites, FLYING WHALES Enter Process Validation for LCA60T

Global composites manufacturer and pull-winding expert Exel Composites has developed a new purpose-equipped production capability at its factory in Joensuu, Finland, to support its collaboration with FLYING WHALES, the French-Canadian aeronautical company developing the innovative LCA60T airship. The new production environment provides the process control, repeatability, and capacity required for highly demanding applications such as aerospace.

Raghu Vamsi Group Names Amit Pathak Group Chief Business Officer

Raghu Vamsi Group, the Hyderabad-headquartered precision aerospace and defence manufacturing group, has appointed Amit Pathak as its Group Chief Business Officer. In his new role, Pathak will lead the Group’s commercial strategy and growth across all five business segments.

AFM Cluster Marks 80th Anniversary with ‘Fast Movers’ Vision

Under the slogan ‘Fast Movers’, AFM Cluster—Spanish advanced & digital manufacturing group—celebrated its 80th anniversary on October 1, 2026, at Tabakalera in Donostia-San Sebastián, at an event that brought together more than 400 attendees, including representatives of its member companies, institutions, partners, and professionals linked to industry.

SkyPulse Solutions, HAL Plan INR 2,491Cr 30-Helicopter Program

SkyPulse Solutions IFSC Pvt Ltd and Hindustan Aeronautics Ltd (HAL) sign a Memorandum of Understanding (MoU) to establish a strategic framework for the acquisition, financing, leasing, deployment, and lifecycle support of HAL-manufactured helicopters, with the proposed 30-helicopter program estimated at INR 2,491 crore.

Musashi India, Bhago Mobility Sign LOI for 3W e-Axles

Musashi Auto Parts India Pvt Ltd, has signed a Letter of Intent (LOI) with Bhago Mobility Solutions Pvt Ltd for the supply of electric powertrain systems for the fixed-battery variant of its upcoming three-wheeler passenger vehicle platform, Bhago Bhim™, which is being developed in both battery-swap and fixed-battery configurations. The partnership supports both companies’ efforts to contribute to India’s growing EV market.

JCBL Group Receives DRDO ToT for C-130J/C-17 Aircraft Heavy Drop System

JCBL Group has received the Licensing Agreement for Transfer of Technology (LAToT) for the Heavy Drop System - 20T (Type V) for C-130/C-17 aircraft from the Aerial Delivery Research and Development Establishment (ADRDE), Defence Research and Development Organisation (DRDO).

Aimtron’s US Arm AIC Posts Record US$ 11.8M Quarterly Orders

Aimtron Electronics Ltd, an electronics system design and manufacturing (ESDM) and original design manufacturing (ODM) company, announced that its US subsidiary, Aimtron International Controls LLC (AIC), has recorded its highest-ever quarterly order bookings of US$ 11.8 million during the current quarter of the current financial year.

Hughes Precision Raises INR 250+ Cr to Boost Ammunition Capacity

Hughes Precision Manufacturing Pvt Ltd, one of India’s growing private-sector ammunition manufacturers, has completed an investment round of INR 250+ crore through a combination of primary and secondary investment from a group of marquee family offices and ultra-high-net-worth individuals (UHNIs).

LMW’s Turnmill Center Earns India’s Best Design Award 2026

LMW Ltd, a leading manufacturer of advanced CNC machines and engineering solutions, announced that its Turnmill Center LR30MY L17 has been honored with the prestigious India’s Best Design Award 2026. The award was presented at a grand ceremony held in Pune, organized by Design India.

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