Leonardo AW169M Copter

Adani Defence & Aerospace has signed a strategic partnership with Italian aerospace major Leonardo to establish a helicopter manufacturing ecosystem in India, focusing on military helicopters like the AW169M and AW109 TrekkerM. The deal strengthens India’s defence indigenisation push, with plans for phased local production, maintenance, repair, overhaul (MRO), and pilot training.

Key Highlights of the Partnership

• Parties involved: Adani Defence & Aerospace (India) and Leonardo (Italy)
• Date signed: February 3, 2026
• Scope: Develop, manufacture, and sustain helicopters in India
• Models included: AW169M and AW109 TrekkerM
• Focus areas:
  • Phased indigenisation of production
  • Strong MRO (maintenance, repair, overhaul) capabilities
  • Comprehensive pilot training programs
• Strategic context: Signed shortly after the Indo-EU trade and defence deal

Why This Matters for India

• Defence self-reliance: Reduces dependence on imported helicopters
• Military readiness: Provides advanced platforms for the Indian armed forces
• Civil aviation potential: May expand to serve domestic civilian demand and global supply chains
• Policy support: Customs duty removed on aircraft components, boosting local manufacturing

Comparison of Helicopter Models

Leonardo AW169M Copter

Leonardo AW109 TrekkerM

Feature	AW169M (Military Variant)	AW109 TrekkerM
Role	Multi-role military ops	Light utility, training, surveillance
Capacity	~10 passengers	~6 passengers
Range	~820 km	~932 km
Special Features	Advanced avionics, mission flexibility	High agility, cost-effective operations
Target Use in India	Armed forces missions	Training, light transport, reconnaissance

Risks & Challenges

• Technology transfer: Ensuring meaningful indigenisation
• Supply chain readiness: Building local component ecosystems
• Geopolitical sensitivities: Past restrictions on Leonardo require regulatory clearance
• Execution timeline: Defence projects often face delays

Outlook

• Positions India as a future hub for helicopter manufacturing
• Aligns with *Make in India* and *Atmanirbhar Bharat* initiatives
• Strengthens military capabilities and opens civil aviation/export opportunities

Jeet Adani, Director, Adani Defence & Aerospace, stated: "This alliance with Leonardo is a pivotal stride toward a resilient, future-proof helicopter ecosystem in India. Merging global excellence with our industrial momentum, we will drive enduring value, high-skill employment, and alignment with Aatmanirbhar Bharat to position India as a global aerospace powerhouse."

India has officially launched the Semiconductor Mission 2.0 as part of the Union Budget 2026, with a ₹1,000 crore allocation for FY27. The new phase focuses on building domestic capacity in semiconductor equipment, materials, and full-stack Indian intellectual property (IP), while strengthening supply chains and expanding industry-led research and training centres.

Key Highlights of India Semiconductor Mission (ISM) 2.0

• Launch Date: Announced on February 1, 2026 during the Union Budget speech by Finance Minister Nirmala Sitharaman.
• Budget Allocation: ₹1,000 crore for FY27 to support the initiative.
• Focus Areas:
  • Domestic production of semiconductor equipment and materials.
  • Development of full-stack Indian IP for chip design.
  • Strengthening supply chains to reduce import dependency.
  • Establishing industry-led research and training centres to build a skilled workforce.

Comparison: ISM 1.0 vs ISM 2.0

Feature	ISM 1.0 (2021–2025)	ISM 2.0 (2026 onwards)
Primary Goal	Attract global fabs, expand sector capabilities	Build domestic ecosystem for equipment, materials, and IP
Funding Focus	Incentives for fab units, packaging, design startups	₹1,000 crore for R&D, training, supply chain resilience
Workforce Development	Initial skilling programs	Expanded industry-led training centres
Strategic Emphasis	Infrastructure creation	Self-reliance in semiconductor value chain

Strategic Importance

• Global Positioning: India aims to become a semiconductor powerhouse, reducing reliance on imports from Taiwan, South Korea, and China.
• Economic Impact: Strengthening supply chains will support electronics, automotive, telecom, and defense industries.
• Talent Development: Training centres will help create a skilled workforce, crucial for sustaining long-term growth.
• Innovation Push: By focusing on Indian IP creation, ISM 2.0 seeks to establish India as not just a manufacturing hub but also a technology innovator.

Risks & Challenges

• Capital Intensity: Semiconductor manufacturing requires billions in investment; ₹1,000 crore is a start but may need scaling.
• Global Competition: India must compete with established hubs like Taiwan and South Korea.
• Supply Chain Vulnerabilities: Raw material and rare earth dependencies could pose risks.
• Execution: Success depends on effective collaboration between government, academia, and industry.

In short, ISM 2.0 marks India’s pivot from attracting fabs to building a self-reliant semiconductor ecosystem, with emphasis on equipment, IP, and workforce development.

Luminous Power Technologies, India’s leading consumer energy fulfillment company, has inaugurated its first lithium-ion battery assembly line at Baddi, Himachal Pradesh. This new assembly line marks an important milestone in Luminous’ long-term journey of strengthening advanced energy storage capabilities and reinforces the organisation’s commitment to adopting the latest next-generation energy solutions.

The newly inaugurated Lithium-ion assembly line has a production capacity of 500 MWh and integrates advanced robotic automation with precision-led manufacturing processes to ensure high standards of quality, safety, and performance across lithium-ion battery packs.

Inauguration of LiB Assembly Line

Luminous LiB Assembly Line at Baddi Himachal Pradesh

Adani Group and Brazil’s Embraer have signed a landmark deal to establish a final assembly line for regional aircraft in India, marking Adani’s entry into aircraft manufacturing and boosting India’s ambition to become a global aviation hub. The partnership will focus on technology transfer, skill development, and strengthening connectivity to Tier 2 and Tier 3 cities.

Key Highlights of the Partnership

• Announcement Date: January 27, 2026, in New Delhi.
• Parties Involved: Adani Defence & Aerospace (part of Adani Enterprises Ltd) and Embraer SA (Brazilian aerospace major).
• Scope of Collaboration:
  • Establishment of a Final Assembly Line (FAL) for Embraer’s regional aircraft in India.
  • Focus on manufacturing, assembly, and localisation of aircraft components.
  • Development of a regional transport aircraft ecosystem in India.

Strategic Importance

• Boost to Indigenous Manufacturing: Aligns with India’s “Make in India” initiative and strengthens the country’s aerospace sector.
• Technology Transfer & Skill Development: Embraer will share advanced aerospace technologies, fostering local expertise.
• Supply Chain Creation: The partnership aims to build a robust domestic supply chain for aircraft parts and systems.
• Connectivity Expansion: Designed to improve air connectivity for Tier 2 and Tier 3 cities, supporting regional economic growth.

Broader Impact

• India’s Aviation Market: India is one of the fastest-growing civil aviation markets globally, making this partnership timely and strategic.
• Adani’s Entry into Aerospace Manufacturing: This marks Adani Group’s first major venture into aircraft production, diversifying its portfolio beyond infrastructure and defence.
• Government Support: The deal was formalised in the presence of senior officials from the Civil Aviation Ministry, underscoring strong policy backing.

Comparison: Benefits for Stakeholders

Stakeholder	Benefits
Adani Group	Entry into aerospace manufacturing, diversification, global positioning.
Embraer	Access to India’s fast-growing aviation market, localisation advantage.
India (Govt.)	Strengthened “Make in India” initiative, job creation, tech transfer.
Passengers	Improved connectivity to smaller cities, more regional flight options.

Challenges & Considerations

• Execution Risks: Setting up a new assembly line requires significant investment, regulatory approvals, and skilled workforce training.
• Global Competition: India will need to compete with established aerospace hubs like the US, Europe, and China.
• Supply Chain Reliability: Building a robust domestic supply chain will be critical to success.

India has just marked a major milestone in space technology: Gujarat has laid the foundation stone for the country’s first integrated private satellite plant in Sanand, developed by Azista Space. The facility, called the Palmnaro plant, will focus on indigenous satellite manufacturing and advanced electro-optical payloads, strengthening India’s private space sector.

The groundbreaking ceremony of Azista Space Company’s Electro-Optical Payload Factory was held at Khoraj near Ahmedabad. This facility will become India’s first private-sector satellite manufacturing plant, for which the company has signed MoUs worth over ₹500 crore with the Government of Gujarat.

Novopor Advanced Science Private Limited, a Bain Capital portfolio company and global performance chemicals and material science CDMO, today announced its acquisition of FAR Chemical, a US-based leader in custom and complex specialty chemical manufacturing focused on Electronics, Aerospace & Defense, Coatings & Adhesives and other Specialty Chemicals, from its US parent CPS Performance Materials Group.

The acquisition of FAR Chemical is a key milestone in Novopor’s strategy to build an integrated specialty chemical platform that delivers end-to-end solutions to customers ranging from early-stage process development to commercial scale manufacturing. Integrating FAR Chemical’s deep expertise in complex chemistries and attractive end markets complements Novopor’s existing capabilities and expands its US presence.

“FAR Chemical’s deep expertise in differentiated, complex chemistries and long track record of working with global performance chemical and material science companies make it a strategic fit with Novopor’s mission to drive innovation and deliver custom solutions. This acquisition enhances our ability to support a broader range of chemistries, accelerate time-to-market for new products, and strengthen our presence in key high-growth markets,” said Radhesh Welling, MD of Novopor Advanced Science Private Limited.

“FAR Chemical is a respected operator with a proven track record in complex specialty chemical manufacturing. The combination of FAR Chemical with Novopor strengthens the platform’s technical depth, geographic reach, and ability to support customers across the full product lifecycle. This investment underlines our continued commitment to building market-leading businesses through strategic acquisitions and operational excellence,” said Saahil Bhatia, Partner of Bain Capital.

“FAR Chemical and CPS Performance Materials have established a differentiated platform grounded in deep technical expertise, an uncompromising commitment to safety, and a strong track record of delivering innovative solutions for customers with unique and challenging development needs,” said Justin O’Connor, President of FAR Chemical. “This partnership strengthens our ability to invest in advanced capabilities while maintaining the highest standards of safety and operational discipline and enhances our ability to support customers seamlessly from development through commercial-scale manufacturing. We are proud to join Novopor in building a platform defined by technical excellence, a safety-first culture, and an unwavering commitment to our customers.”

Novopor Advanced Science, backed by Bain Capital, has been executing a strategy of targeted investments and acquisitions to expand its global footprint and technical portfolio. In 2025, Novopor acquired Pressure Chemical Company, a Pittsburgh-based specialty chemical and high-pressure chemistry expert, broadening its development-to-manufacturing capabilities and reinforcing its presence in the US market. Additionally, Novopor inaugurated a state-of-the-art Pilot Plant Facility in Visakhapatnam, designed to bridge early-stage R&D with commercial-scale production and accelerate innovation across agrochemicals, performance materials, and specialty chemicals.

KPMG served as financial advisors, Alvarez & Marsal served as technical advisors, and Honigman LLP, Khaitan & Co and Clifford Chance LLP served as legal advisors to Novopor. Raymond James, Forvis Mazars and Thompson Hine LLP served as advisors to FAR Chemical.

About Novopor Advanced Science Private Limited

Novopor, a Bain Capital portfolio company, is a performance chemicals and material science leader focused on enabling sustainable innovation through strategic partnerships. The company collaborates with leading global customers across agrochemicals, performance chemicals, and material science, providing solutions from development through commercial manufacturing. Novopor operates state-of-the-art R&D and innovation centers in Hyderabad and manufacturing sites in Andhra Pradesh and Gujarat, India.

About FAR Chemical

Founded in 1982 and headquartered in Palm Bay, Florida, FAR Chemical has a distinguished history of operating for over 40 years in delivering high-quality specialty and fine chemical products and services to customers across multiple industries, including pharmaceuticals, advanced materials, coatings and adhesives, electronics, and industrial specialties. The company is recognized for its expertise in complex and hazardous chemistry, custom and toll manufacturing, chemical development, repackaging, and analytical support.

Nextpower (Nasdaq: NXT, formerly Nextracker) and Abunayyan Holding today announced the completion of the incorporation of the previously announced joint venture, Nextpower Arabia, headquartered in Riyadh, Kingdom of Saudi Arabia. The new joint venture will accelerate the deployment of utility-scale solar power plants across the Middle East and North Africa (MENA) region, supporting national and regional renewable energy transformation objectives and Net Zero targets.

As part of the new joint venture, the partners also announced a new advanced manufacturing facility in Jeddah, Saudi Arabia. Nextpower Arabia will provide advanced tracker systems, yield management, and control solutions for installation on large-scale solar projects across the MENA region.

The facility is expected to enable total manufacturing and localized supply chain capacity of up to 12 GW per year, supporting the creation of up to 2,000 jobs and development of local engineering and technical talent within the Kingdom. Currently under construction on a 42,000-square-meter site, the production facility is anticipated to open in Q2 of calendar year 2026 and will manufacture Nextpower’s comprehensive portfolio of solar tracking systems, adding up to 600 employees (watch the video).

Khalid Abunayyan, Chairman of Abunayyan Holding, said, “Making energy and water supply readily accessible, sustainable, and affordable is essential to the continued economic and social development of Saudi Arabia and our partners across the region. It is also central to the core values and DNA of Abunayyan Holding. Partnering with Nextpower, a true pioneer in the international solar energy community, strengthens our role in advancing Saudi’s clean energy vision by localizing advanced manufacturing and technologies, building local capacity development, and creating lasting value for generations to come.”

Dan Shugar, founder and CEO of Nextpower, said, “Saudi Arabia is a strategic market for Nextpower as we expand our ability to serve customers across the Middle East. The Kingdom is making significant progress in advancing the energy transition, and we’re proud and honored to support these monumental initiatives with proven solar technology and trusted local partnerships. Abunayyan Group’s regional expertise and alignment with our business focus make them the right partner to help deliver greater value, faster, for customers in the region.”

Turki Al-Amri, Abunayyan Holding CEO and Nextpower Arabia Chairman and CEO, said, “Our manufacturing facility represents the first step in our strategic vision to strengthen and localize the solar supply chain for our partners across the MENA region and enhance collaboration to deliver highly efficient and cost-effective clean energy. By sourcing core materials such as Saudi-produced steel through our strategic partners and manufacturing locally, we are supporting economic diversification and industrial growth that is at the foundation of Saudi Vision 2030.”

About the joint venture

Nextpower Arabia combines the deep regional expertise of Riyadh-based Abunayyan Holding with the global solar technology leadership of Nextpower. Abunayyan Holding brings more than 75 years of experience developing and privatizing the operation of critical water and energy infrastructure across Saudi and the MENA region. The company was a key driver of the consortium behind the founding and growth of several development arms and forming joint ventures that bring leading technology to the region.

U.S.-headquartered Nextpower is a global leader in advanced solar tracking systems and software, with over 150 GW of trackers under fulfilment or operational across more than 45 countries worldwide. This total includes more than 6 GW of solar projects across the Middle East and Africa, such as Phase V of the Mohammed Bin Rashid Al Maktoum Solar Park in the UAE and 3 GW of Saudi landmark projects, including:

• Project: 405 MWp Sakaka Solar Park — the Kingdom’s first utility-scale solar project
• Project: 1,170 MWp Al Kahfah
• Project: 449 MWp Tabarjal
• Project: 450 MWp Sudair

Strategic alignment and market outlook

Nextpower Arabia is well positioned to support the National Renewable Energy Program in the Kingdom of Saudi Arabia, which targets increasing the share of renewables in the country’s energy mix by 2030. Localizing manufacturing in the Kingdom will also support Saudi Arabia’s industrialization and export development plans while helping reduce the cost of clean energy for major projects across the region.

According to the Middle East Solar Industry Association’s (MESIA) recent 2025 Solar Outlook Report, cost competitiveness and improving production efficiencies are accelerating solar adoption and government-backed clean energy strategies, with regional solar capacity projected to exceed 180 GW by 2030.

Investment and capacity building

In support of this growth opportunity, Abunayyan Holding and Nextpower anticipate funding the joint venture with approximately $88 million (approximately 330 million Saudi Riyals) in equity and public and private debt financings over the next two years alone. This capital will facilitate the buildout of the state-of-the-art manufacturing facility and development of highly skilled technical and engineering capabilities with a track record in operational excellence.

About Nextpower

Nextpower™ (Nasdaq: NXT, formerly Nextracker) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, the company delivers intelligent power generation systems and services to meet rapidly expanding global electricity demand. Nextpower partners with the world’s leading energy companies to power what’s next.

About Abunayyan Holding

Abunayyan Holding is one of Saudi Arabia’s most established and leading companies in the fields of water, energy, and infrastructure. With a legacy spanning more than 75 years of leadership and innovation, the company provides integrated solutions that contribute to sustaining life and supporting the Kingdom’s national development goals.

The Group comprises a portfolio of strategic subsidiaries covering the full value chain across water, renewable energy, treatment, industrial equipment, and smart infrastructure, serving both local and regional markets in Saudi Arabia and the broader Middle East and North Africa region.

Through its local and international partnerships, Abunayyan Holding plays a key role in localizing technologies and empowering national talent in alignment with the objectives of Saudi Vision 2030 to build a prosperous, sustainable, and innovation-driven economy.

For more information, please visit Abunayyan Holding.

India has officially set a target to begin manufacturing advanced 3 nanometre (3nm) semiconductor chips by 2032, according to Union IT Minister Ashwini Vaishnaw.

3 nanometre (3nm) chips are special because they represent the most advanced generation of semiconductor technology, offering faster performance, lower power consumption, and higher transistor density than previous nodes.

A nanometre is one-billionth of a meter. At 3nm, transistors are so small that billions can fit on a single chip, dramatically increasing computing power.

Key Highlights of India’s 3nm Chip Plan

• Timeline: Commercial production of 3nm chips is expected by 2032.
• Early groundwork: India has approved 10 semiconductor-related units, with four plants scheduled to start production by 2026.
• Strategic focus: Initiative is part of India’s broader semiconductor and AI strategy.
• Talent & design ecosystem: 23 start-ups already working in semiconductor design.
• Demand drivers: Growth fueled by AI, EVs, and consumer electronics.
• Global positioning: India aims to join Taiwan, South Korea, and the U.S. in advanced chip manufacturing.

Why 3nm Chips Matter

• Performance: Faster processing speeds and lower power consumption.
• Applications: AI models, EVs, smartphones, and high-performance computing.
• Competitiveness: Nations with 3nm capability lead in tech sovereignty.

Challenges India Must Overcome

Challenge	Details	Potential Solutions
Capital intensity	Building fabs costs tens of billions of dollars	Public-private partnerships, global alliances
Technology transfer	Advanced lithography tools (EUV) are tightly controlled	Collaborations with global leaders (TSMC, Intel, Samsung)
Skilled workforce	Requires highly specialized engineers	Expanding semiconductor education & training programs
Supply chain	Dependence on imports for raw materials	Develop local ecosystem for wafers, chemicals, packaging

Risks & Trade-offs

• Global competition: India will face stiff competition from TSMC and Samsung.
• Geopolitical dependencies: Access to EUV lithography machines may be restricted.
• Execution risk: Early fabs (2026–2028) must succeed to build credibility.
• Economic sustainability: Subsidies must balance ambition with fiscal responsibility.

Strategic Implications

• Tech sovereignty: India reduces reliance on foreign chip imports.
• AI leadership: 3nm chips will power India’s $70 billion AI mission.
• Global partnerships: Collaborations with U.S., Japan, and EU firms likely.
• Domestic industry boost: Tata Electronics and Micron’s fabs will anchor ecosystem.

India’s 3nm chip ambition is bold but achievable if early fabs succeed and global partnerships are secured. It positions India not just as a consumer of advanced chips, but as a producer shaping the future of AI and electronics.

The Taiwan Electrical & Electronic Manufacturers’ Association (TEEMA), led by Foxconn chairman Young Liu, is considering setting up a technology park in Uttar Pradesh, with the Yamuna Expressway Industrial Development Authority (YEIDA) emerging as a frontrunner location.

What’s Happening

• TEEMA Expansion Plan: Part of a global first-phase initiative to establish advanced manufacturing hubs in India, US, Mexico, and Poland.
• Uttar Pradesh in Focus: YEIDA is being evaluated as a prime site, potentially adjacent to Foxconn’s upcoming semiconductor facility.
• Leadership: The push is spearheaded by Young Liu, Foxconn’s chairman, who also heads TEEMA.
• Strategic Goal: To create smart manufacturing hubs that strengthen Taiwan’s global electronics ecosystem.

Why Uttar Pradesh?

Factor	Advantage for UP
Location	YEIDA along Yamuna Expressway offers strong connectivity to Delhi NCR and logistics hubs.
Policy Support	UP government has aggressively promoted electronics manufacturing under its industrial policies.
Synergy	Proximity to Foxconn’s semiconductor facility could create a cluster effect for supply chains.
Market Access	North India provides a large consumer base and workforce availability.

Strategic Implications

• Boost to India’s Electronics Ecosystem: A TEEMA park would attract Taiwanese suppliers and manufacturers, strengthening India’s role in global electronics.
• Semiconductor Linkages: Alignment with Foxconn’s semiconductor plans could accelerate India’s ambitions in chip design and fabrication.
• Regional Development: YEIDA could become a major tech hub, driving jobs, infrastructure, and ancillary industries in Uttar Pradesh.
• Global Positioning: Taiwan’s move signals a diversification strategy, reducing reliance on China and tapping into India’s growing electronics market.

Risks & Challenges

• Land & Infrastructure Readiness: Large-scale parks require rapid land acquisition and reliable power/water supply.
• Policy Stability: Long-term success depends on consistent industrial policy and incentives.
• Global Competition: India must compete with Mexico, Poland, and the US for TEEMA’s investment priorities.
• Supply Chain Integration: Building a robust ecosystem of local suppliers will take time.

Bottom Line: TEEMA’s potential entry into Uttar Pradesh could be a game-changer for North India’s electronics industry, especially if aligned with Foxconn’s semiconductor ambitions. YEIDA is currently the strongest contender, but execution will hinge on infrastructure readiness and sustained policy support.

India’s MedTech manufacturing ecosystem has expanded to produce 54 unique medical technology products, ranging from advanced cancer-treatment equipment like Linear Accelerators (LINAC) to life-saving cardiac stents, under the government’s Production Linked Incentive (PLI) scheme.

Under the PLI Scheme for medical devices, 21 projects have started manufacturing of 54 unique medical devices, which include high end devices such as Linear Accelerator (LINAC), MRI, CT-Scan, Heart Valve, Stent, Dialyzer Machine, C-Arm, Cath Lab, Mammograph, MRI Coils, etc.

India’s MedTech Leap

• Scope of Products: India now manufactures 54 distinct MedTech devices, covering oncology (LINAC machines), cardiology (stents), imaging, diagnostics, and surgical equipment.
• Strategic Goal: Diversifies production, reduces import dependence, and strengthens domestic healthcare infrastructure.
• Policy Driver: The Production Linked Incentive (PLI) scheme has been central to this achievement.

📊 Why This Matters

• Healthcare Access: Domestic production lowers costs and improves availability for hospitals and patients.
• Economic Impact: MedTech contributes to India’s manufacturing revival, with ₹2 lakh crore in investments realized across PLI sectors by September 2025.
• Global Competitiveness: India is emerging as a hub for affordable MedTech exports.

Challenges & Trade-offs

• Quality Standards: Competing globally requires strict adherence to FDA and CE certifications.
• Supply Chain: Raw materials and specialized components may still rely on global suppliers.
• Innovation Gap: Sustained R&D investment is needed to match Western innovation.

Strategic Outlook

• Domestic Impact: Hospitals across India gain access to advanced devices like LINAC machines for cancer therapy.
• Export Potential: Affordable stents and diagnostic devices can boost India’s role in global healthcare supply chains.
• Policy Continuity: Continued government support through PLI and regulatory reforms will be critical.

In short:

India’s ability to manufacture 54 unique MedTech products—from LINACs to stents—signals a major step toward healthcare self-reliance and global competitiveness.

Bangur Concrete, part of the ‘Bangur’ Master Brand of Shree Cement Ltd., has commissioned a new Ready-Mix Concrete (RMC) plant in Baidyabati, Kolkata. With a production capacity of 60 cubic meters per hour, the launch expands the company’s nationwide network to 26 RMC plants.

The Baidyabati plant has been developed to cater to the region’s rising infrastructure, industrial, and real estate needs by delivering reliable, high-quality, and performance-driven concrete. Located strategically within the Hooghly district, the facility is well-positioned to ensure timely supply to key projects across Kolkata and its surrounding growth corridors.

Commenting on the development, Neeraj Akhoury, Managing Director, Shree Cement Ltd., said, “West Bengal is an important market with strong potential in both urban and industrial development. The commissioning of our new Ready-Mix Concrete plant in Baidyabati strengthens our presence in eastern India and reiterates our commitment to supporting the state’s growth ambitions. This facility reflects our focus on providing sustainable, high-quality construction solutions while contributing to India’s infrastructure progress.”

RMC Plant

GE Aerospace has announced a USD 14 million investment to expand capacity at the company’s Pune manufacturing facility as the site completes a decade of successful operations. This investment builds upon the USD 30 million announced last year. The new investment will strengthen the site’s capabilities through upgraded manufacturing processes and automation, including enhancements that support advanced engine components.

“Our team in Pune has built strong capabilities, and with the support of a country-wide network of suppliers, has delivered components for some of our most advanced commercial jet engines, with safety and quality at the forefront,” said Vishwajit Singh, Managing Director of the Pune facility, GE Aerospace. “This investment reflects our commitment to the Make in India initiative and to advancing India’s role in global aerospace manufacturing.”

The Pune facility, which began as a multi-business manufacturing site, has since evolved into a high-tech aerospace parts supplier for GE Aerospace’s global commercial engine factories. Today, the site is supported by a network of more than 300 suppliers serving the Pune facility, part of the over 2,200 suppliers GE Aerospace partners with across India. Over the past 10 years, the facility has trained more than 5,000 production associates in precision manufacturing processes, playing a vital role in developing local talent. The site is also ISO 14001 and ISO 45001 certified, reflecting GE Aerospace’s commitment to sustainability and operational excellence.

The facility’s success is driven by FLIGHT DECK, GE Aerospace’s proprietary lean operating model that emphasizes safety, quality, and efficiency. With FLIGHT DECK, the site has reduced waste, improved process efficiency, and increased output while enhancing shop-floor safety. On a new line for a critical component, it has also achieved shorter lead times, higher productivity, and reduced downtime.

About GE Aerospace in India

GE Aerospace has been a partner to India's aviation industry for over 40 years. 1,400 GE Aerospace and partner engines are in service, powering major Indian airlines. GE Aerospace’s defense engines and systems power the Indian Air Force’s Light Combat Aircraft Tejas Mk1 and helicopters, and the Indian Navy’s aircraft carrier battleships and frigates. Its Pune manufacturing facility and 13 local India partners are part of the company’s global supply chain. Researchers and engineers at the company’s 25-year-old India Technology Centre in Bengaluru are building the latest aviation technologies.

About GE Aerospace

GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 49,000 commercial and 29,000 military aircraft engines. With a global team of approximately 53,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more at www.geaerospace.com

• Adani Cement’s Boyareddypalli plant in Andhra Pradesh will be the first cement plant globally to commercially deploy Coolbrook’s RotoDynamic Heater™ (RDH™) technology in the industrial space.
• RDH™ system will be powered entirely by Adani Cement’s large-scale renewable energy portfolio, ensuring that the industrial heat generated is completely carbon emission free.
• This commercial deployment is expected to directly reduce ~60,000 tonnes of CO₂ emissions annually with a potential to increase 10x in due course.
• Complements Adani Cement’s targets to increase AFR to 30% (upped from earlier target of 28%) while we achieve 60% green power share by FY28.

Adani Cement and Coolbrook announce their delivery agreement for the world’s first commercial deployment of the revolutionary RotoDynamic Heater™ (RDH™) technology to advance cement decarbonisation at the Boyareddypalli Integrated Cement Plant in Andhra Pradesh, India. This marks the first industrial scale deployment of Coolbrook’s RDH™ technology, advancing Adani Cement’s net-zero goals achievement by 2050 (validated by the SBTi) and Coolbrook’s goal of cutting 2.4 billion tonnes of annual CO₂ across heavy industry sectors globally.

This technology will decarbonise the calcination phase - the most fossil fuel-intensive stage of cement production. By providing clean heat to dry and enhance the heating value of alternative fuels, the technology enables a significantly higher substitution of fossil fuels with sustainable alternatives. This deployment is expected to directly reduce ~60,000 tonnes of carbon emissions annually with a potential to increase 10x in due course, marking a major step toward decarbonising cement manufacturing.

Critically, the RDH™ system will be powered entirely by Adani Cement’s large-scale renewable energy portfolio, ensuring that the industrial heat generated is completely emission free. This deployment demonstrates the real-world feasibility of clean, electrified industrial heat powered entirely by renewables. This positions Adani Cement to spearhead India’s emergence as the world’s clean manufacturing cement hub.

Mr Vinod Bahety, CEO - Cement Business, Adani Group, said: “The world’s first commercial deployment of Coolbrook’s RotoDynamic Heater™ within our operations marks a pivotal moment in our decarbonisation journey. This is a major leap towards achieving our net-zero goals. By integrating such cutting-edge electrification solutions into our cement production, we are accelerating the shift away from fossil fuels, reducing emissions at scale, enhancing the utilisation of clean energy sources, and setting a new standard for low-carbon cement manufacturing. This ongoing partnership reflects our unwavering commitment to climate leadership and delivering long-term value through innovation and sustainability. This milestone underscores our legacy as pioneers and highlights our transformative actions towards becoming a global building materials solutions powerhouse. We are building a stronger eco-system of partners like Coolbrook along with our R&D investments.”

The project provides a strong and scalable use case for deep industrial decarbonisation with significant potential for replication. Coolbrook and Adani Cement have identified multiple follow-on opportunities for deploying RotoDynamic Technology across Adani Cement’s industrial operations and share an ambition to launch at least five additional projects within the next two years.

Going forward, RDH™ technology will play a pivotal role in decarbonising Adani Cement’s production, improve process efficiency, and accelerate the Company’s sustainability goals including improving AFR (alternative fuels and resource materials) usage towards 30% and increasing the share of green power to 60% by FY28. The first generation RDH™ will deliver hot gases at around 1000°C, which will facilitate drying of alternate fuels, making its utilisation greener and more efficient, representing a breakthrough in high-temperature electrification for cement production.

“Entering into the first industrial-scale project in the world with Adani Cement marks a transformative step for industrial electrification in one of the world’s most vital cement markets,” said Mr Joonas Rauramo, CEO of Coolbrook. “Our mission is to make RotoDynamic Technology a new industry standard for decarbonising hard-to-abate sectors. Together, we’re redefining how cement is produced - cleaner, more efficient, and ready for a net-zero future.”

Adani Cement’s broader sustainability leadership is reflected in it being among the four large-scale cement companies globally to have SBTi-validated net-zero targets and global collaborations including being the world’s first cement manufacturer to join the Alliance for Industry Decarbonisation (AFID), under IRENA.

Adani Cement is the building materials solutions business of the diversified Adani Group, comprising the iconic and most trusted cement brands Ambuja Cements and ACC. As the 9th largest cement producer globally, Adani Cement has ~107 MTPA of installed capacity and accounts for nearly 30% of the cement used in India’s housing and infrastructure projects. The Company offers a broad portfolio of building materials and solutions, ranging from all-purpose cement and concrete grades to specialty products designed for challenging applications. Backed by cutting-edge R&D centres and a commitment to sustainability, Adani Cement is the fourth large scale globally to have its net zero goals validated by the SBTi and has pioneered green and specialised concrete technologies and advanced additives to reduce the carbon footprint of construction. Adani Cement’s mission is to build a stronger nation by delivering quality, innovation, and reliability in construction materials, supported by extensive technical services and a customer-centric approach. 

About Coolbrook:

Hailed as the key technology for industrial decarbonisation globally, Coolbrook is a transformational technology and engineering company on a mission to decarbonise major industrial sectors like petrochemicals and chemicals, iron and steel, and cement. Coolbrook’s revolutionary rotating technology combines space science, turbomachinery and chemical engineering to replace the burning of fossil fuels across all major industrial sectors. The technology has two main applications: RotoDynamic Reactor™ (RDR™) to reach 100% CO2 free olefin production, and RotoDynamic Heater™ (RDH™) to provide carbon-free process heating to iron and steel, cement and chemicals production. Once implemented at scale, the RotoDynamic Technology has the potential to reach temperatures of 1700°C and cut 2.4 billion tonnes (30%) of annual CO2 emissions in heavy industry. For more information, please visit www.coolbrook.com

Safe Harbour Statement

This press release contains forward-looking statements relating to Ambuja Cements Limited and ACC Limited’s future operations, performance, and financial outlook, which are based on current assumptions and expectations. These statements involve inherent risks and uncertainties that could cause actual results to differ materially from those anticipated. Factors such as changes in market conditions, economic developments, regulatory requirements, industry dynamics, and unforeseen circumstances may impact the company’s performance. Ambuja Cements Limited and ACC Limited undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For a detailed discussion of these risks, please refer to our filings with the Securities and Exchange Board of India (SEBI) and other relevant regulatory authorities.

Delvitech, a Deep Tech company specializing in the development of AI-native Automated Optical Inspection (AOI) solutions for electronics, successfully closed a Series B investment round of USD 40 million.

The round was led by EGS Beteiligungen (EGSB), the Investment Company of the Ernst Göhner Foundation, together with CREADD Ventures, and joined by several prominent European private investors who contributed to this substantial fundraising.

Finadvice Mediterranean GmbH acted as the financial advisor for the round, and I&P Law Office SA served as Delvitech’s legal advisor.

This oversubscribed funding round underscores investors’ strong confidence in Delvitech’s powerful and scalable technology platform. Even in a challenging economic environment, Delvitech’s ability to raise significant capital represents an important recognition of its business model and its capacity to convert technological research and development into scalable commercial solutions.

Delvitech is now set to accelerate its next growth stage, aiming to strengthen its global presence with a particular focus on India, where the company plans to establish a new manufacturing facility in 2026 and achieve a production capacity of over 200 machines per month by 2030. 

With its headquarters in Switzerland and subsidiaries in India, USA, Germany, and Italy, Delvitech is on track to achieve 400% sales growth by the end of 2025. This year Delvitech was awarded the SEF.Growth High-Potential Label certification from the Swiss Economic Forum. This recognition, conferred after a rigorous three-stage evaluation, highlights Delvitech’s robust business model and its innovative approach, combining proprietary neural networks with patented Swiss-made hardware for industrial optical inspection.

Delvitech’s strategic direction has been strengthened by the appointment of Prof. Jürgen Schmidhuber to its Board of Directors. Prof. Schmidhuber, AI expert and neural networks pioneer, is Director of the AI initiative at the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia and Scientific Director of the Dalle Molle Institute for Artificial Intelligence in Switzerland.

Prof. Schmidhuber is a member of the board of Delvitech and has recognized that "Delvitech is three years ahead of its competitors."

This significant funding reflects our technological leadership,” stated Roberto Gatti, Founder and CEO of Delvitech. “We have developed an AI-native platform built on a future-proof neural network architecture. Our flexible and agnostic system can be applied across multiple markets and industries. Moreover, thanks to our proprietary predictive technology, we are paving the way to prevent errors rather than merely detecting them. Delvitech competes at the forefront of the high-tech industry, driven by a unique combination of cutting-edge innovation and vision”.

"Investors and customers have recognized that Delvitech represents a unique opportunity," concluded Founder and CEO Roberto Gatti, "a highly specialized industrial deep tech company with solid foundations, a global vision, and proprietary, scalable technology.

“Our commitment to Delvitech reflects our strong belief in the company’s innovation leadership in AI-driven optical inspection and its international growth potential” said Christian Pfab, Member of the Executive Committee of EGSB.

As an investor in Delvitech since 2018, we are very pleased with its strong development and remain fully committed to supporting this outstanding company,” said Paolo Orsatti, Managing Partner of Creadd Ventures and TiVentures.

Delvitech Solutions

Companies that rely on Delvitech’s optical inspection solutions for the quality control of electronic boards, and soon, semiconductors, operate across high-value sectors such as automotive, telecommunications, EMS (Electronic Manufacturing Services), IoT, pharmaceutical, defense, and industrial automation. Unlike traditional inspection systems, Delvitech’s self-learning artificial intelligence continuously adapts to production dynamics, minimizing the need for complex manual programming. This enables faster deployment, greater precision in error detection, and a significant reduction in operating costs. With unparalleled accuracy and detectability, Delvitech’s technology can classify and identify defects even on challenging materials, from plastic components to transparent glues used in electronic board assembly.

• What makes Delvitech unique:
• One powerful solution that seamlessly covers every stage of optical inspection
• Total flexibility to adapt to any production process
• Unmatched precision in defect detection and classification
• Extraordinary capability to uncover even the most elusive errors
• Next-generation, patent-pending technology enabling predictive error prevention

At Productronica Münich 2025, one of the world’s leading trade fairs for the electronics industry, Delvitech will unveil a new generation of innovations, including its latest self-training and predictive software and two new HORUS Optical Heads.

The HORUS XP head delivers unprecedented inspection speed, capturing images in just 60 milliseconds, while the HORUS HD version, engineered for microelectronics applications, achieves an impressive 3-micron resolution, setting new benchmarks for precision and clarity.

Delvitech will also introduce the new HORUS Conveyor, available in two advanced configurations. The ITU version enables sequential inspection on both sides of a PCB by rotating the boards along the X-axis for double-sided analysis, while the DUO version features a dual-lane system that optimizes board handling, increases line efficiency, and accelerates PCB loading and unloading.

In addition, Delvitech will present its new Training Manager software, enabling direct on-machine training, both online and offline, to continuously enhance performance without interrupting production. The system learns autonomously, boosting accuracy, reducing false calls, and maximizing overall productivity across every shift.

Finally, the company will unveil the beta version of its predictive software, an industry-first solution (patent pending) designed not only to detect but also to prevent defects before they occur, paving the way for a new era of smart, self-evolving optical inspection.

Swiss roots

Delvitech has an inseparable bond with the Swiss Confederation and maintains fruitful partnerships with three Swiss Institutes that are internationally recognized as pioneering centers in AI studies & technologies: Dalle Molle Institute for Artificial Intelligence Studies (IDSIA), SUPSI (University of Applied Sciences and Arts), and Haute Ecole d'Ingénierie et de Gestion du Canton de Vaud. These relationships have positive impact on the regional technology ecosystem.

Global technology giant HP has announced plans to manufacture all personal computers sold in India locally within the next three to five years, marking a significant boost to the country’s electronics manufacturing ambitions under the government’s Make in India initiative.

HP’s Chief Executive Officer Enrique Lores, speaking during a recent visit to India, said the company is committed to deepening its presence in the country by not only meeting domestic demand through local production but also by turning India into an export hub for PCs in the future.

Our goal is that in three to five years, every PC we sell in India will be manufactured in India, Lores said, adding that the company is also preparing to export India-made devices to global markets.

Rising Demand for AI PCs

The announcement comes at a time when demand for AI-enabled PCs is surging. According to HP, nearly 25% of its shipments in India over the past three quarters were AI-powered PCs, a sharp increase from just 5% six months ago. The company expects this trend to accelerate as artificial intelligence becomes a standard feature in personal computing.

Strategic Shift Amid Global Supply Chain Realignment

HP’s move reflects broader shifts in global supply chains, as technology companies diversify manufacturing away from China amid geopolitical tensions. Lores noted that the world is increasingly splitting into two technology ecosystems—one led by China and another by the West—making India a strategically vital market and production base.

Alignment with India’s Industrial Policy

The decision aligns with India’s Production-Linked Incentive (PLI) scheme for IT hardware, which offers financial incentives to companies that expand local manufacturing. India has already attracted major investments from smartphone makers like Apple, and HP’s commitment signals a similar trajectory for the PC industry.

Industry analysts say the move could:

• Create thousands of jobs in electronics manufacturing.
• Reduce India’s dependence on imports.
• Lower costs for consumers by cutting duties and logistics expenses.
• Position India as a global hub for AI-driven computing devices.

HP’s Market Position in India

HP currently leads the Indian PC market, with strong demand from enterprises, small businesses, and consumers in smaller towns. By localizing production, the company aims to strengthen its supply chain resilience and expand its reach into emerging markets within India.

Looking Ahead

HP expects the next five years to bring new device categories and ambient AI experiences, reshaping how PCs are designed and used. With India at the center of its strategy, the company is betting that local manufacturing will not only serve domestic needs but also make the country a key node in the global technology supply chain.

• Targets ₹1,000-Crore Revenue with New Facility and Global Expansion.
• Plans to infuse additional ₹100-Crore Investment over the next 3 years.
• Plans to double its workforce to 800 as operations ramp up.

Hyderabad based Fabex Steel Structures today announced the commissioning of its second manufacturing unit at Chityal, near Hyderabad. Built with an investment of ₹120 crore and spread across 40 acres, the new unit marks a significant step in the company’s long-term capacity, and business expansion strategy.

The Chityal facility adds 50,000 MT of annual production capacity, bringing Fabex’s total to 100,000 MT across its two units. The company also operates a high-capacity plant in Vijayawada, supporting domestic and export demand for pre-engineered buildings and structural steel solutions.

Fabex plans to invest an additional ₹100 crore over the next 2–3 years to further enhance manufacturing capabilities and drive innovation. The new unit will focus on producing pre-engineered buildings for industrial applications including factories, warehouses, and logistics infrastructure.

We are aligning our capital deployment with market momentum across our product lines. The ₹100-crore follow-on investment over the next 24–36 months will focus on automation, throughput enhancement, and product diversification, said Venu Chava, Co-Founder and Managing Director of Fabex Steel Structures.

Founders along with Dignitaries during the inaugural

Mr.I V Ramana Raju, Co-Founder and CEO Lighting the lamp along with Mr. Venu Chava Co-Founder and Managing Director