Caterpillar to invest Rs 500 crore to expand Tamil Nadu operations

16 Sep 2024 CW Team

Caterpillar Inc. has announced a significant investment of Rs 500 crore to expand its manufacturing operations in Tamil Nadu. This move is part of the company鈥檚 strategic plan to enhance its production capacity and strengthen its presence in the Indian market. The expansion will focus on increasing output and efficiency at its existing facilities in the region, aiming to meet the growing demand for its products in the domestic and international markets.

The investment is expected to create numerous job opportunities and contribute to the local economy. Caterpillar鈥檚 commitment to expanding its footprint in Tamil Nadu highlights the state鈥檚 growing importance as a hub for industrial and manufacturing activities. The company鈥檚 plans include upgrading technology and infrastructure, which will support its long-term growth objectives in India.

Infrastructure Urban

16 Jun 2025

MoHUA Plans New Role for Smart City SPVs

In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..

Infrastructure Urban

16 Jun 2025

ADB Approves $110 Million Loan to Boost Skills in Gujarat

The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat鈥檚 efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..

Infrastructure Urban

16 Jun 2025

SDAL Tests Rudrastra UAV and Bhargavastra Defence System

Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India鈥檚 Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..