News

Frost & Sullivan’s recent analysis, ‘Global Machine Vision Growth Opportunities’, finds that rising demand for automation across industries to improve operations and productivity is boosting the global machine vision market.

Grind Master Machines Pvt Ltd, the pioneering and leading manufacturer of automatic deburring, grinding, and superfinishing machines, recently received the prestigious GITA National Award, which is instituted by the Government of India (GoI), Department of Science & Technology (DST), and Technology Development Board (TDB).

Tool Alliance, a US cutting tool manufacturer, celebrated 50 years of highly successful business recently.

Reliance New Energy Ltd, a wholly owned subsidiary of Reliance Industries Ltd, recently signed definitive agreements to acquire substantially all of the assets of Lithium Werks BV for a total transaction value of US$ 61 million, including funding for future growth, to further strengthen its cell chemistry technology leadership and accelerate the setting up of multi-gigawatt-hour scale battery manufacturing in India.

Natural Battery Technologies, a leading Lithium-Ion Battery manufacturer in India based in Rajasthan, is actively developing high-performance batteries with enhanced safety features.

PRAMA India Bags ‘Tech-SME of the Year’ Award at ASSOCHAM’s 8th MSMEs Excellence Awards Ceremony and Summit held recently in New Delhi. Speaking at the Summit, Narayan Tatya Rane, Minister of Micro, Small and Medium Enterprises (MSMEs), stated that the MSME sector plays an important role in nation-building, regional balance, economic contribution, and job creation.

CNC Software, LLC, the developers of Mastercam, announced that it has acquired Mastercam Reseller, 4D Engineering Ltd, based in Cirencester, United Kingdom.

Boeing unveiled a new high-throughput small satellite production, integration, and testing facility designed for efficiency and quick delivery.

The International Organization for Migration (IOM), UN Migration, in partnership with the Government of India’s think tank NITI Aayog, organized a National Conclave to initiate, contribute, and support a holistic analysis of the core areas of migration.

India’s heavy machinery industry is rapidly expanding and is predicted to grow from US $1,71,667.0 million in 2019 to US $2,40,496.0 million by 2027.