Investment - Wire & Cable India
March 23, 2023

Wire & Cable India

Tag : Investment

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India Roped in USD 78.1 Billion as Renewable Energy Investments

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India presented as a favorable market for renewable energy investments, amounting to USD 78.1 billion, during 2014-2021. Projections for 2030 include scaling to an electricity generation capacity of 800 GW, with 500 GW sourced from renewable resources. February 15, 2023 On February 14, 2023, economic survey figures of Renewables 2022......
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European Investment Bank to Support TenneT’s Expansion in Bavaria

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The Ostbayernring transmission route would be significant in terms of generating electricity from renewable sources like wind power and photovoltaics. The association between EIB and Tennet is quite longstanding. October 20, 2022 The European Investment Bank (EIB) will grant a EUR 450 million senior loan to electricity transmission system operator......
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SJVN Partners with Assam Government to Develop 1000 MW Solar Power Projects

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Within the MoU, SJVN Green Energy and APDCL will develop 1000 MW floating solar power projects in Assam. October 20, 2022 Satluj Jal Vidyut Nigam (SJVN), a PSU enterprise involved in hydroelectric power generation & transmission, has announced the signing of an MoU between its wholly owned subsidiary SJVN Green......
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Motherson Inaugurates New Facility in Morocco

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Motherson’s new plant, which spans 15,000 sq m, will be focussed on plastic injection moulding and state-of-the-art processes such as high-precision robot-aided milling, plastic welding, and airbag integration solutions. October 10, 2022 Mr V. C. Sehgal, Chairman of Motherson, inaugurated its new facility in Tanger Med Industrial Platform, Morocco. The......
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Andhra Pradesh to Attract Investments worth INR 81k crore for Green Energy

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The total investments, worth INR 1.26 lakh crore, are expected to be infused into the state. A lion’s share of the investment would be reserved for green energy projects. September 7, 2022 The Andhra Pradesh State Investment Promotion Board (SIPB), led by Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy......
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Corning Incorporated Inaugurates Optical Fibre Manufacturing Plant in Poland

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Corning Incorporated’s new plant is one of the largest in the European Union and is a part of the Company’s global investments in optical fibre cable manufacturing. September 21, 2022 Corning Incorporated has inaugurated a new optical fibre manufacturing facility in Mszczonów, Poland, in view of the growing demand for......
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Corning Incorporated to Develop a Cable Manufacturing Plant in Arizona, USA

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With the latest investment in the cable production plant, Corning has made a total investment of over USD 500 million in optical fibre cable since 2020. The expansion plan is a part of the company’s series of investments in optical cables. September 6, 2022 Corning Incorporated has announced its plans......
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Panasonic Life Solutions Sets Up a New Manufacturing Plant in Andhra Pradesh

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The manufacturing plant, which is spread over 1,33,584 sq m, is the seventh facility of Panasonic Life Solutions in India. With this plant, the company will focus on manufacturing wiring devices products covering Roma, Penta Modular, and Roma Urban. April 27, 2022 Panasonic Life Solutions India (PLSIND), a subsidiary of......
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Prysmian Group to Invest USD 1.1 billion to Support Energy Transition

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Prysmian is intending to put forth significant investments targeted at augmenting the production capacity of power transmission submarine cables as well as enhancing the technological equipment at its excellence centres. March 29, 2022 Prysmian Group has announced its plans of investing about EUR 1 billion (~USD 1.1 billion) by 2024.......
Special Feature

Investment in Key Sectors to Improve the Demand for Cables

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Speaking about the impact of the Union Budget 2022-23 on the demand in the wire and cable industry, Mr. Vijay Kumar Bajaj, Chief Operating Officer, Apar Industries Ltd., says, “Investments in key sectors like defence production, railways, renewable energy, and electricity distribution are likely to improve the demand for cables.”......
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