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The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
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Union Cabinet Greenlights India's IPEF Agreements
The Union Cabinet has given the green light for India to sign the Indo-Pacific Economic Framework for Prosperity (IPEF) agreements on a clean and fair economy. This approval comes after India had previously withheld its signature pending domestic approval. In June, 13 IPEF members signed these agreements in Singapore, with India opting to finalize its commitment later. The agreements, which include the Clean Economy and Fair Economy frameworks, aim to boost energy security, climate resilience, and innovation while promoting anti-corruption and transparency in business practices. The Clean Ec..
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Cabinet Clears IAF Engines and Semiconductor Plant
The Cabinet Committee on Security has approved the procurement of 240 AL-31FP aero-engines for the Indian Air Force's Su-30 MKI aircraft. The engines, sourced from Hindustan Aeronautics Limited (HAL) at an estimated cost of Rs 260 billion, will begin delivery in one year and be completed over eight years. With over 54% indigenous content, these engines will be produced at HAL's Koraput division, enhancing the IAF's operational capabilities. Additionally, the Union Cabinet has sanctioned the establishment of a semiconductor unit by Kaynes Semicon Pvt Ltd in Sanand, Gujarat. The Rs 33 billion f..
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Ramkrishna Forgings Launches Aluminium Plant
Ramkrishna Forgings Ltd has announced its expansion into aluminium forging, with its first facility set to be established in Jamshedpur, Jharkhand. The company will invest Rs 575 million in the new plant, which will have an annual capacity of 3,000 tonnes and is slated to commence operations by the second quarter of the 2025-26 fiscal year. The new facility aims to cater primarily to the electric vehicle (EV) segment, expected to generate an additional revenue of Rs 1.75 billion annually at full capacity. This move aligns with the company's focus on lightweighting vehicles to boost performanc..