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Time of India
15 hours ago
- Time of India
Mahindra looks to acquire 350-acre land parcel in Igatpuri
MUMBAI: Mahindra & Mahindra has submitted a letter of interest to the Maharashtra government to acquire 350 acres of land in Igatpuri, Maharashtra, according to a top company official. The Mumbai-based automaker already has manufacturing plants in Nashik and Igatpuri. "We have submitted a letter of interest for 350 acres of land in Igatpuri, which is part of our ecosystem," Mahindra & Mahindra (M&M) Executive Director and CEO for auto and farm sectors Rajesh Jejurikar told reporters here. He stated that Nashik and Igatpuri plants could benefit from a feeder facility in the vicinity. "The land parcel could be used for multiple things, including setting up a supplier park and anything that we may need more for either Nashik or the Igatpuri plant," Jejurikar added. The company is at a preliminary stage and would have to go through the whole process of due diligence, and then land purchase needs a different level of approval, he noted. "We still have to go through the process of meeting all approvals, internal and regulatory, before we actually make a the whole process is not complete, but the expression of interest is accurate," Jejurikar said. Mahindra & Mahindra CEO, Automotive Division, Nalinikanth Gollagunta said the company is looking to expand production capacity of its Chakan-based manufacturing by around 2.4 lakh units in the first phase this year. The overall production capacity of the plant would go up to 7.5 to 7.6 lakh units per year after the expansion. "We are also exploring setting up greenfield locations to put out the production capacity beyond 2027," Gollagunta stated. Mahindra has plans to invest over Rs 27,000 crore in its automotive business between FY25 and FY27.
News18
17 hours ago
- News18
TTP-Army Confrontation Along CPEC Routes Highlights Pakistan's Dual Crisis
Presence of TTP militants has turned this key economic corridor into a battleground, forcing Pakistan to allocate troops away from its conventional fronts to guard CPEC projects An ongoing confrontation between the Pakistan army and Tehrik-i-Taliban Pakistan (TTP) fighters on the crucial CPEC Islamabad–DI Khan (M-14) route highlights Pakistan's dual crisis of internal militancy and over-dependence on China. The presence of TTP militants has turned this key economic corridor into a battleground, forcing Pakistan to allocate troops away from its conventional fronts in order to protect CPEC projects. News18 has accessed exclusive videos showing TTP militants operating and dancing with weapons in the key tribal belts through which the CPEC route passes, a clear sign of their growing confidence and operational control in these areas. This resurgence has been fuelled by a safe haven and ideological guidance provided by al-Qaeda training camps in Afghanistan, which TTP cadres are allegedly utilising for sanctuary, logistics, and training. Pakistan's strategic vulnerability has been exposed by the TTP's ability to operate with impunity from within Afghan territory, a situation exacerbated by the Afghan Taliban's refusal to act against the group. This has severely strained Pakistan-Afghan relations and limited Islamabad's options for a decisive military response. Beyond the military confrontation, the TTP is also actively engaging in a campaign of economic warfare. Reports indicate that the group is extorting money from China-Pakistan Economic Corridor (CPEC) contractors, demanding a 5% 'tax" and threatening workers, machinery, and construction sites. This has added a layer of financial pressure and security risk to the already complex projects. For China, the security situation is a growing concern. The CPEC projects in Khyber Pakhtunkhwa and Balochistan are high-value targets, and a number of attacks on Chinese engineers, including the deadly Dasu hydropower project incident, have prompted China to express repeated concern. Sources indicate that China's security stake in the project is rising, leading it to deploy private security personnel, as a full dependence on the Pakistan army for protection is deemed too risky. For Pakistan, losing operational control in these vital tribal belts has exposed its strategic vulnerability and underscored the fact that its counter-terrorism operations remain incomplete. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Fashion Value Chain
a day ago
- Fashion Value Chain
Myntra Launches Zero Commission Plan for Ethnic Brands
Ahead of India's 79th Independence Day, Myntra has unveiled a festive zero commission construct to empower emerging women's ethnic wear brands under its Myntra Rising Stars program. This initiative, effective from 15th August 2025 for three months, aims to support the growth of 500 made-in-India brands, showcasing the country's cultural richness and craftsmanship. As part of this opportunity, new women's ethnic wear brands can benefit from: Strategic Support: Inclusion in Myntra Rising Stars with access to account management services and brand-building expertise. Ease of Doing Business: Seamless onboarding, faster payment cycles, and access to Myntra's M-Express delivery network for improved customer reach. Visibility & Brand Building: Premium placement across homepage and category pages, social commerce-led discovery via Glamstream and Myntra Minis , and influencer collaborations to amplify engagement. Data-Driven Insights: Detailed dashboards and reports with business performance metrics and industry trends. Sharon Pais, Chief Business Officer, Myntra, stated: 'The Indian ethnic wear landscape reflects the richness of our cultural heritage. With a zero commission construct, we are enabling the next generation of brands to grow by leveraging Myntra's 70+ million user base and advanced tech capabilities.' Through this festive construct, Myntra is committed to building a vibrant ecosystem for women's ethnic wear labels, strengthening their digital presence, and driving India's ethnic fashion story forward.
