AGP Executive Report
Last update: an hour agoAerospace Investment: India’s TASE Global secured Rs 300 crore ($31.9 million) from Tristar Fund to expand precision manufacturing, integrate its US operations and pursue larger aerospace and defence contracts. Factory Restructuring: John Deere will close its Ottumwa and Clarion, Iowa, plants as it moves production elsewhere, even as it plans to recall and hire workers at other facilities. Rail Manufacturing: Siemens opened a new Chippenham factory for rail signalling and control systems, transferring about 800 employees to the site. Industrial Expansion: Jindal SAW plans a 300,000-tonne-a-year seamless pipe plant in Abu Dhabi by 2027. In India, the government approved 12 electronics manufacturing projects worth more than Rs 7,500 crore, while Kia is reportedly planning a $1.5 billion expansion in Andhra Pradesh. Auto Policy: EU lawmakers voted to revise the 2035 combustion-car ban, potentially allowing limited sales of petrol, diesel and hybrid vehicles beyond that date.**
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