Foxconn is building the world's largest Nvidia GB200 chip manufacturing facility to help meet "awfully huge" demand for the AI darling's Bl.
The company aims to reach an enhanced capacity by October 2025.
Additionally, as part of the transaction, Rxilient Biohub will assume the long-term lease obligation associated with the manufacturing site from Strides
The expansion will result in a 31 per cent increase in the plant's annual output capacity, from 39 lakh units to 51 lakh units.
This amply clears the doubts as raised in a certain section of the press that, Foxconn company was in a dilemma as to whether to set up the manufacturing facility in Telangana or not, the release said.
President Droupadi Murmu will inaugurate the state-of-the-art ICMF, set up over an area of 4,500 square metres housing over 70 hi-tech equipment and testing facilities for manufacturing cryogenic (CE20) and semi-cryogenic (SE2000) engines of Indian rockets, on Tuesday.
The electric two-wheeler maker said sales are climbing because of pent-up demand
"Pune is our largest market for Amul ice-cream and currently there is a supply shortage. We wanted a quick set up in and around Pune, and have got around 11 acres land in Khed for our new dairy plant," Amul Dairy Managing Director K Rathnam said in a statement.
The company has received the establishment inspection report (EIR) from US Food and Drug Administration (USFDA) for its sterile and solid dosages facility (Goa Plant II) situated at L-32/33/34 Verna Industrial Estate, Goa.
"Orchid received the Establishment inspection report (EIR) from USFDA based on the successful inspection closure for the API manufacturing facility located at Alathur, Kancheepuram district. The facility was inspected by USFDA in the month of August 2015," the company said in a BSE filing today.
The German company also rolled out the first locally assembled Maybach S500 for Rs 1.67 crore. At this pricing, this becomes the costliest locally assembled car in the country.
The divestment comes on the heels of Sun Pharma Managing Director Dilip Shanghvi saying in August that the company would look at rationalising manufacturing footprint.
Hero MotoCorp's first global manufacturing facility at Villa Rica in Colombia, entailing a project investment of USD 70 million, became operational this week.
"The company is planning to set up a new manufacturing facility at Mangalore SEZ and is in the process of acquiring 40 acres of land and obtaining necessary approvals," Syngene International said in a statement on BSE. The estimated expenditure for setting up the facility is USD 100 million, it added.
Bosch inaugurated its new manufacturing facility at Bidadi, Bengaluru. CNBC-TV18's Poornima Murali is in conversation with Steffen Berns, President, Bosch Group-India and MD of Bosch.
The plant, which has come up on an area of 38,000 sqm, would manufacture products for the diesel systems division.
This facility is spread over 38,000 square meters with an investment of around Rs 340 crore.
Earlier in May, the company had said it would invest Rs 360 crore at Pune by 2017 and plans to increase the manpower by 120 per cent to 2,600 employees across the country.
PEBS is engaged in designing, manufacturing, supply and assembly of custom designed building systems and its products include pre-engineered buildings, solar module mounting structures, cold form buildings and structural steel products.
Total income grew 22.7 percent to Rs 1,548.85 crore in the quarter ended June 2015, a company statement said.
Manpasand Beverages had made its debut on the capital markets on June 24 to raise up to Rs 400 crore through an initial public offering to fund its expansion plans including a new manufacturing facility.
Handsets maker Celkon Mobiles on Friday inaugurated its manufacturing facility in Telangana, set up with an investment of Rs 200 crore
Rajesh Exports has a manufacturing facility in Bengaluru with an installed capacity to process 250 tonnes of jewellery per annum.
The 125cc motorcycle, priced at Rs 52,000 (ex-showroom New Delhi) would compete with Shine from Honda Motorcycles and Scooters India, Bajaj Discover 125ST, Hero's Glamour 125cc.
The partnership with Hitachi is for big data analytics, said KK Singh, CMD, Rolta India