Encourages innovation in manufacturing sector
Provides subsidy of up to 10% of capital expenditure incurred on new plant and machinery (on procuring plant and machinery)
Will develop business strategy in line with the country’s opportunities
Succeeds Vikas Chadha, who was recently named president, Honeywell India.
He will be responsible for marketing, erection, commissioning, overall management of power projects and the after-market business.
To develop Advanced Ultra Super Critical Technology
To accelerate Artificial Intelligence Research with $22 million investment
Will primarily cater to requirements of export-orientated Indian cutting tool manufacturers.
The company registered 44.3 percent higher new orders
The company partners with Sharper Shape for drone inspection services