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 Plan (T) Growth
ECONOMY & POLICY

Plan (T) Growth

Arvind Nanda, Managing Director, Interarch Building Products, heads the company, a leading player in the Pre-Engineered Building (PEB) industry, which invested over Rs.950 million for its fifth PEB manufacturing plant (fourth fully integrated unit) in Nellore District, Andhra Pradesh and also m...

Arvind Nanda, Managing Director, Interarch Building Products, heads the company, a leading player in the Pre-Engineered Building (PEB) industry, which invested over Rs.950 million for its fifth PEB manufacturing plant (fourth fully integrated unit) in Nellore District, Andhra Pradesh and also made an initial public offering [IPO] of equity shares aggregating to Rs.6,000 million. The investment for phase 1 will increase the company’s installed capacity by 20,000 million tonne [MT] per annum. The manufacturing facility has capabilities to manufacture pre-engineered steel (PEB) structures, metal roofing and cladding systems. It will contribute significantly to the region's growth with the highest standards of efficiency and quality. The company is not only expanding production capacity but also creating new employment opportunities. Phase 1 of the plant, built at an investment of Rs.400 million generated job opportunities for about 250 people. Phase 2 will increase the company’s installed capacity by 40,000 MT, increasing the overall capacity to 0.2 million MT per annum and will create jobs for about 500 people.

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Infrastructure Transport

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..

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Infrastructure Urban

INDEA Lays Foundation for India’s First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..

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Infrastructure Transport

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..

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