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YEIDA secures over Rs 50 billion in new investments as solar manufacturing drives industrial expansion in Uttar Pradesh

Uttar Pradesh has announced over ₹50 billion in investments for the YEIDA region, led by CESC Green Power’s ₹38.5 billion 3 GW solar cell and module unit on 100 acres, alongside projects in electronics, IT, railways, and garment manufacturing, expected to generate more than 12,000 jobs.

India | 2 days ago

Airports & Aviation

LG Electronics secures primary digital signage contract for Frankfurt Airport Terminal 3

LG Electronics has completed the installation of high-resolution LED displays at Frankfurt Airport’s new Terminal 3. The project highlights a strategic move into safety-critical infrastructure, with displays meeting rigorous European fire safety standards to serve as the central digital communication hub for international passengers.

2 days ago • Germany

Electronics

Union Government of India approves new projects worth Rs.71.72 billion under ELC components PLI scheme

Union Government approves 17 new projects under the electronics component PLI scheme with investments of Rs.71.72 billion strengthening local manufacturing and value-chain diversification.

2 days ago • India

Mergers & Acquisitions

US Commerce Department to invest up to $150 million in in chip laser startup

The U.S. Department of Commerce plans to invest up to $150 million in xLight, a startup developing free-electron laser systems for semiconductor lithography. The proposed funding marks the first investment under the administration’s semiconductor R&D framework.

2 days ago • United States

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.