Category: Business Expansions

Schaeffler Group to invest Rs 1,000 crore more in India.

Schaeffler Group, the German-based manufacturer of rolling element bearings for automotive, aerospace and industrial uses, has planned to invest an additional Rs 1,000 crore in its Indian operations over the next three years. Recently, the firm completed its merger with Ina Bearings India and LuK India, which was announced back in August 2017.The firm is making…

Amazon to open a new office in Manchester, plans to create more than 1000 jobs in the UK.

Amazon, the American e-commerce giant and cloud computing company has decided to open a new office in Manchester and will be creating more than 1000 jobs in the fields of research and development in the UK. The new Manchester office will be house at least 600 new employees working on software development, machine learning and research and…

TAFE to expand production capacity in Bhopal and Doddaballapur facilities.

Mallika Srinivasan CEO and Chairman of TAFE Tractors and Farm Equipment Limited (TAFE), India’s second largest tractor maker by volumes will try to invest Rs 250 crores in the current financial year to increase its installed capacity by 50,000 tractor units at two of its manufacturing locations in India. TAFE is planning these expansions in…