View Full Version : Pune investment & industrial development
June 29th, 2011, 06:51 AM
Samson Controls sets up new plant in Pune
Germany-based valve manufacturer Samson Controls Pvt Ltd has set up a plant at Ranjangaon in Pune.
It will manufacture products such as globe control valves, conventional positioners; self operated pressure and temperature regulators. The company has invested Rs 225 crore to expand its business in India.
Samson India also manufactures differential pressure meters for cryogenic storage tanks for liquid oxygen, nitrogen and argon for a major Indian tank supplier in Gujarat State. The field of expertise extends from chemicals, petro-chemicals, oil a gas as well as food & beverage applications.
Speaking on this, Atul Raje, managing director, Samson Controls said, " We will be focusing on growing Indian and Asian markets for the products and service that we offer. The company will be making huge investment in to develop new technology and equipments. Offering customised solutions to our customers has always been our prime focus.
The company has shifted its base from Thane to Ranjangaon and has completely refurnished as green field facility. It is operational in India since 1991. Over 200 people are employed for this plant.
Factories using Samson equipment produce plastics, chemicals, pharmaceuticals, food, petroleum products, and paper. According to Raje, Samson equipment air-conditions buildings and distributes heat. Samson products users which includes Thermax, BHEL, Praj Industries, Inox, BASF, Bayer, Linde ,Uhde, Lurgi, Evonik, TetraPak and GEA. Worldwide, Samson has a 21 per cent market share of the industry.
Samson Controls is a 100 per cent subsidiary of SAMSON AG, manufactures of SAMSON products of Germany.
June 29th, 2011, 06:53 AM
Cummins India lines up Rs2,000 crore capex for the next five years
Engine-maker Cummins India Ltd (CIL), part of the Indiana, US-headquartered $13.2billion engineering major, posted impressive numbers in 2010-11. Net profit rose 33% to Rs591 crore on a 32% growth in revenues to Rs1,050 crore. The company has ambitious plans in the coming years to consolidate its position in the automobile & industrial engine segment and the genset market by investing RsD2,000 crore for capacity expansion near Pune. CIL’s chairman and managing director Anant J Talaulicar, who’s also the president of the components business of Cummins Inc, spoke to DNA on the way ahead for the company and how research and development is integral to its growth, among other things. Excerpts:
There has been a lot of talk about a slowdown in investment demand in the last two quarters, especially in the capital goods sector. How has CIL been affected, if at all?
We’re seeing some impact in the short term. But we have not seen a slowdown in our auto business. There is a deceleration in compressors used in water well rigs and in power generation there have been deferrals in some large projects like malls. People are putting off their capex plans, but we’re well-diversified and not dependent on any one sector.
Even global markets, especially Europe, have been a cause for concern. Your exports more than doubled last year and you’re looking at a 15% growth this year.
Overseas markets are a bit tepid now, but not as bad as during the downturn when they tanked. So I think we’ll be able to achieve our target.
Your domestic auto business accounts for just 7% of your topline. Has the number dropped over the years?
No, it’s been in the 5—10% range in the last few years. Commercial vehicle engines are a fairly new business for CIL though we have been there since 1995 through Tata Cummins. When Tata Cummins develops a product, CIL takes that product, customises it and supplies it to other OEMs (original equipment manufacturers). Tata Cummins has developed what is called the 3.9 litre B series engine and a 5.9 litre engine that we fit with various parts and which is used in equipment such as backhoe loaders.
How about exports?
Domestic and export businesses have been at 70:30. It keeps varying a bit but this ratio will largely be maintained. Both will grow but we don’t see a dramatic shift in the domestic business in the next five years.
You mentioned there is no slowdown in auto. What are your plans in the segment?
The automobile segment continues to be exciting for Cummins India and we are very excited with the way the market has been growing. The growth in Indian economy will boost the overall commercial vehicle segment. With infrastructure improving, there is strong demand for bigger vehicles; hence there is a lot of scope for a company like us to grow. Currently, Cummins is the strongest player in the CV segment; along with this our component group company supplies to almost every OEM in the country. We sell in excess of 100000 engines every year in the Indian market. We are also working on exhaust gas recirculation. These are emission solutions which will be offered to automobile manufacturers. As 13 cities come under the bracket of Euro IV norms, there is a huge demand for such emission solutions.
What are the other projects you are currently working on, especially on the automotive side?
Cummins, in India, is currently working on the L series engine. Conventional truck engines are up to 6 litre. However, as the size of the trucks expands, there is a demand for higher end engines - up to 9 litre. Currently, we are working on an 8.9 litre engine for CV usage. It is a major project that we are working on at the new TCL (Tata Cummins) plant at Phaltan.It’s a unique product offering from Cummins. We are currently prototyping the product and will be offering the product soon.
What are the prospects for the CV market?
We have not yet experienced any slowdown; however the cost of acquiring a truck has gone up. The situation is similar to 2008, when the demand slowed down. But I feel the truck industry will grow as the economy grows. In the long term the industry has brighter prospects.
What are CIL’s capacity expansion plans?
Cummins in India is expanding operations at Phaltan. Currently, three plants are operational and we plan to take this number to 9-10 in the coming years. Our plant one takes care of mid-sized engines like B series for the automotive division. The second plant is the rebuild centre, wherein we do the rebuilding of large engines used by different industries. The third one is the reconditioning plant, wherein we refurbish the used parts and components and sell them at lower costs. Fourth is the parts distribution center, which will be operational in August this year. The plant takes care of our distribution business. Fifth will be a power gensets plant, while sixth will also be on the generator side. Seventh plant will take care of our mid range horsepower engines between - 6L to 9L. Plant number eight will manufacture fuel systems for various applications, including off highway trucks. And our ninth plant will take care of large size engines ranging from 19L to 60L.
And how much will you spend on these?
We have lined up Rs2,000 crore capex for CIL for the next five years. And currently we have utilised just 30% of that.
June 29th, 2011, 06:55 AM
Industries dept upbeat as investment proposals increase
With the district seeing a slew of applications to set up industries, the state industries department has put Pune on the ‘prime map’ in this sector.
With applications pending before the Maharashtra Industrial Development Corporation (MIDC) for allotment of land for these proposal, the district on a whole has only seen a rise in proposals since a decade.
The number of Industrial Entrepreneurship Memorandums (IEMs) with the district industries department is nearly 2372 large scale units over a decade.
According to senior industry department officers from the Mantralaya from the this is fairly a good number and Pune is definitely being watched for the huge investments from auto and IT sector as compared to other districts Managing director of district industries centre S Surwase mentions that of the 2372 IEMs registered, 1490 have started with production with investment to the tune of Rs 3253.53 crores. The employment for these production units are to the tune of 31,009 for these large scale units.
CEO MIDC Dr K Shivaji adds that its just not investments within the country but even abroad which are keenly eyeing Pune. “It is one of our important industrial hubs in the state_the others being Nashik, Aurangabad, Amravati, Thane and Mumbai among the others, he says.
In the district the approved projects under the Foreign Direct Investment too are about 769 of which 433 are already into production with an investment of nearly Rs 4718.72 crore with employment registered to about 20,400 with these production units. “These are already in operation and are doing well,” adds Survase.
While from 2006, the district has registered about 38 mega projects. Under the mega projects_there should be about nearly 250 crore to be invested for each unit and there should be about more than 250 employees. The district industrial unit has registered around 38 projects. “We have had the MoU for these projects and the investment for these projects is to the tune of Rs 38,486.77 crore and employment which will be generated with these projects will be around 57,855. Presently 24 are already into production of these mega projects which has seen an investment of 21,647 crore and employment generated is nearly 44,000.
While there are plenty of small and medium entreprises, the proposals filed under these are about 21,212 with an investment of 3513 crore and about 1.25 lakh employees. “Here there are many unorganised and small units which are not registered and so there is plenty of such units in Pune,” said Survase.
July 4th, 2011, 04:15 PM
Pune, Maharashtra, July 1, 2011 /India PRwire/ -- Pune has been a preferred investment destination for several MNCs for decades owing to its vast pool of engineering and management talent. Of late, the region has become the focal point for several companies who are looking to expand their operations.
What enhances Pune's growth prospects are its proximity to Mumbai, favourable climate and cosmopolitan culture. In the last few weeks itself, Pune has attracted a plethora of gigantic investments.
GKN Driveline recently announced that it will invest Rs. 130 crore to set up a 600,000 per annum side shaft manufacturing facility in Pune by August next year. The manufacturing facility will also create trans-axle solutions. "This new facility positions GKN Driveline strongly to meet the continued rapid growth of India's automotive industry. It is the next step in our mission to remain close and accessible to our customers in west India," said Marc Vuarchex, MD, GKN Driveline Asia Pacific, in press note issued on June 21, 2011.
Apart from GKN Driveline, Pune has also witnessed the emergence of other companies in the state. Harison Motors, an Indo-overseas techno venture has launched four models of All Terrain Vehicles ranging from 50 cc to 200 cc, in Pune in June. In addition, Tata Motors and the New Energy and Industrial Technology Development Organisation (NEDO) of Japan inaugurated an environment-friendly dual fuel-based power generation facility at the company's plant in Pune in June. Also, Germany-based valve manufacturer Samson Controls Pvt. Ltd. has set up a plant at Ranjangaon in Pune.
"SME clusters in Pune play a pivotal role in the economic growth of the region. Several units in the region are directly or indirectly dependent on the automobile and auto components sector," says Sandeep Khosla, CEO - Publishing, Infomedia 18 Ltd., adding, "Many large companies usually zero in on Pune component manufacturers for localisation of its products to suit the Indian conditions. From engines to raw materials, hydraulic parts, auto components, material handling and storage equipments, everything is local. This has massively helped the local Pune industry. These projects also help generate significant employment opportunities for the local populace. They set up their manufacturing units in various industry clusters like automobile, auto components, engineering and machining, electronics, plastic and rubber components, etc., located in the satellite towns of Ranjangaon, Pimpri-Chinchwad and Talegaon."
Infomedia 18 Ltd. the publishing arm of Network 18 Ltd. organises Engineering Expo in Pune, every year since 2007. Engineering Expo is India's largest multi-location tradeshow on engineering and manufacturing. It is considered to be an ideal location for buyers to meet sellers. Besides Pune, Engineering Expo will be held in five different cities across the country namely - Rudrapur, Ahmedabad, Indore, Chennai and Aurangabad.
According to Khosla, an exhibition proves to be a bridge between new opportunities and local companies and provides assistance on how to win new business, "An exhibition is the best place for any industry to come together, meet, network, exchange ideas, generate fruitful business leads and drive growth. Engineering Expo is one such platform that can help the thriving Pune industry grow beyond measure," he says.
The industry in Pune is flourishing and the opportunities for businesses are budding. Efforts in the right direction will help the domestic industry in Pune amalgamate with the global market and become a driving force for the industrial growth of Maharashtra and subsequently, India.
July 7th, 2011, 01:15 PM
JFE Shoji to set up steel processing center in Pune
JFE Shoji Trade Corporation has decided the establishment of steel processing center in India, which will be located at Ranjangaon industry district in the suburb of Pune city near Munbai and will be named as JFE Shoji Steel India Private Limited.
It is scheduled that it will start the operation from July 2012 and will be expected to have the sales amount of 20,000 tonne per year of steel materials, including electrical steel sheets and thin steel sheets by 2014.
Outline of the new company
1. Name: JFE Shoji India Private Limited
2. Location: Ranjangaon industry district in Pune City, Maharashtra State, India
3. Date of the establishment: January 2011
4. Capitalization: INR 685 million
5. Shareholders: JFE Shoji Trade Group - 100%.
6. Investment amount: Approximately USD 13 million
7. Representative: To be chosen from JFE Shoji Trade
8. Number of Employee: 47
9. Main business: Processing and sales for electrical steel sheets
10. Land scale: Total - approximately 42,000m2/ Works area - approximately 6,000m2
11. Main facilities: Slitter line, Shearing line and so on
12. Projected processing capacity: 34,000 tonnes per year
13. Target of sales quantity:
Year of 2012 - 5,000 tonnes
Year of 2014 - 20,000 tonnes per year
Currently, JFE Shoji is operating total of fourteen steel processing centers, including five ones in China, two ones in Thailand and one in Taiwan, Singapore, Malaysia, Philippine, Vietnam, Mexico respectively.
July 7th, 2011, 09:13 PM
HYDERABAD: After Bangalore and Chennai, it's Pune that seems to be beating Hyderabad in the realty race. With 'T' agitations erupting in the city yet again, investors keen on putting their money on property here are now turning to the Maratha land in the hope of better returns. Also spelling doom for the once booming sector are cash-rich investors and developers from outside the state who are fast dropping Hyderabad from their radar due to frequent disruptions. One among them is a Dubai-based group that was expected to invest a whopping Rs 100 crore in the local market this year. The firm has now backtracked on its decision, sources said.
While it remains to be seen if this big investor too heads for Pune, realtors here say that they are indeed losing a lot of business to the tier-II city, which was once way behind it in the real estate market. And apart from Hyderabad's poor industry ratings, which are now on par with small towns like Vadodara, it is Pune's impressive IT growth, affordable property prices and stable political atmosphere that's pulling investors to its shores. In fact market analysts from the city say that all corporate firms on expansion mode are now vying for space in Pune as against Hyderabad.
And realtors squarely blame the government for this shift. They rue that it is the government's inability to take a conclusive decision on the Telangana issue that has pushed Hyderabad's once booming realty story towards the graveyard. "It is the uncertainty over the Telangana issue that is resulting in our loss in business to Pune," said D Sreedhar Reddy, president, Andhra Pradesh Realtors Association ( APRA) stressing how the city has already lost several clients to Bangalore and Chennai over the last two years, since the time the 'T' turmoil first hit Hyderabad. "This time around too, a chunk of our clients who were supposed to pick up commercial space here have put their decisions on hold. Their numbers will further rise if this situation persists," Reddy said. In fact, in the last few days alone, several investors with elaborate business plans in the city have shelved their proposals owing to the unrest, sources claim.
And it's not the commercial market alone that has taken a beating. Even the residential segment is down in the dumps, say industry analysts. From being among the top six metro cities in India not too long ago, Hyderabad has almost dropped to the level of tier -III towns now. "If the prices here were once compared to cities like Chennai and Bangalore, there are now compared to cities like Baroda. There has been no rise in price for over four years," said real estate consultant B V P Raju of Ghar4U adding how the recent troubles have negatively impacted the sentiment of builders here.
Home-grown firms apart, even `outstation' developers seem to be feeling the `T' jitters. Terming the current state of realty in Hyderabad as "most unfortunate", these builders say that they would have to give their future projects in the city a second thought if the political crisis is not addressed. "We will definitely fulfil our commitments made to clients in Hyderabad. But whether we would continue here post the completion of our current ventures, is now debatable," said a senior executive of a leading Bangalore-based construction firm with a significant presence in the city.
Though some like Mantri Developers, also from Bangalore, are still optimistic because of the recent spurt in recruitments in the local IT industry, they do agree that a decision on the Telangana issue should be taken at the earliest. "It will only help in stabilizing the market as nobody enjoys uncertainty. But, that does not mean we are withdrawing from Hyderabad anytime soon. Our ventures here will go on as planned," said Sushil Mantri, chairman and managing director of the firm.
July 8th, 2011, 10:02 AM
Pune, July 7:
An amendment in the Maharashtra Value Added Tax (MVAT) Act earlier this year is being viewed as reneging on a commitment made to investors, and the resultant dent in the credibility of the State government is cited as the reason why at least three auto OEMs have driven away from setting up plants in Maharashtra.
Earlier this year, auto majors — including Peugeot, Ford and Maruti Suzuki — that were close to inking a deal for setting up Greenfield plants in Maharashtra, involving investment of over Rs 8,000 crore, began scouting for locations outside the State.
The prime cause is believed to be the Finance Department's decision to amend the MVAT Act in March.
The amendment was aimed at addressing a perceived double payment of incentives to ‘Mega Projects'.
It was under the Mega Project Scheme of 2005 that the concept of Industrial Promotion Subsidy (IPS) was introduced, applicable for 7-12 years.
As the payment of IPS was linked to taxes payable to the State, the scheme was an instant success and prompted large companies such as Volkswagen and General Motors to set up manufacturing bases here.
The March 11 amendment disallows input VAT credit on sales outside the State to dealers buying goods from these Mega Projects, effectively putting the units at a disadvantage against those that come under a regular incentive scheme.
More painfully, it was made effective retrospectively from 2008.
Seeing the move as “reneging on a commitment,” a senior official from an auto company, who did not wish to be named, said the mid-course amendment would seriously impact the projections and financial planning of these companies.
According to an industry observer, the investment decisions were based on the customised packages of fiscal and non-fiscal incentives offered by the Government, as well as provisions of the MVAT Act.
“Many existing OEMs will now opt to implement their expansion plans outside the State,” he said.
HITTING A ROADBLOCK
The amendment was
aimed at addressing a perceived double payment of incentives to ‘Mega Projects'.
The March 11 amendment
disallows input VAT credit on sales outside the State to dealers buying goods from these Mega Projects, effectively putting the units at a disadvantage.
The mid-course amendment
would seriously impact the projections and financial planning of these companies and many existing OEMs will now opt to implement their expansion plans outside the State.
July 9th, 2011, 08:47 AM
Pune, July 8:
A little over 18 months from the start of serious production at its greenfield plant at Chakan, Volkswagen India rolled out its 100,000th car from here today. The company makes variants of the VW Polo and Vento, as well as the Skoda Fabia at this plant.
Speaking on the occasion, Dr John Chacko, President and Managing Director, Volkswagen India Pvt Ltd, said this was an important milestone that marked the completion of the first phase of development for the company. The next phase will see plans for feasibility for new projects being put into place, he added.
During 2010, VW India sold 53,341 units in the market, while the number in the first six months of 2011 stood at 55,257 units. “We have 115 direct suppliers on board, including 66 in Maharashtra and 61 new suppliers have been developed to export components,” Dr Chacko said, adding that the localisation levels in its cars had increased from 40 per cent when it started, to around 70 per cent now.
VW also plans to strengthen its dealer network to over 160 dealers and push to gain a higher market share than the present 5 per cent. “Worldwide our normal market share is 10 per cent, and I don't see any reason why it should not be the same here,” he remarked.
With total utilisation of the installed capacity of 130,000 units at Chakan imminent, Dr Chacko said it would be logical to think about capacity expansion, so also putting up of power train plant.
“There are certain hindrances to taking the next step,” he said, referring to amendment in the Maharashtra Value Added Tax Act (MVAT) that came in March 2011. “We consider that the commitment (by the government) is not being kept,” he said, explaining that this caused an unstable environment and the company would adopt a wait-and-watch approach.
July 14th, 2011, 08:57 PM
NEW DELHI, JULY 14:
DuPont to set up new innovation centre in Pune focussed on automotive industry.
It aims to facilitate knowledge exchange among scientist via real time connection to 75 other DuPont research centres. Twenty-four per cent of DuPont's revenue comes from auto/ transportation.
Its indian sale figure for 2010 is $700 million, 20 per cent of which is accounted its automotive segment. DuPont is a science-based product company offering wide range of products in agriculture and food, building and construction, communications, and transportation.
July 15th, 2011, 08:22 AM
Pune, July 14:
Less than a week after Volkswagen India Chief, Dr John Chacko, said that expansion plans will be put into motion only after pending issues with the Government are sorted out, Bajaj Auto (BAL), the country's second largest two-wheeler in terms of numbers, has said that it will consider putting up a plant in another State.
At the core of BAL's disenchantment is the Government's failure to pay up Rs 1,100 crore in sales tax refunds that are outstanding for the last five quarters. These are refunds on account of value added tax, the last instalment of which was paid on April 30, 2010.
“If the Maharashtra Government is gong to be erratic, one has to look at other States,” the Managing Director, Mr Rajiv Bajaj, said, pointing out that another issue was the acute labour problem in the Chakan region. The Gujarat Government was proactive to industry, he said, adding, “We will consider going to Gujarat.”
The company currently has two manufacturing plants in Maharashtra at Chakan and Aurangabad, and one at Pant Nagar. With production coming close to installed capacity of around 5 million units, expansion with another plant can be a distinct requirement in the near future.
Explaining the issue of value added tax refunds due from the Government, Mr Kevin D'Sa, President, Finance, said that around 90 per cent of BAL's suppliers were from Maharashtra so VAT was paid on the supplies. The company exported 30 per cent of the production and sold only 10-12 per cent in the State leading to a gap of Rs 220 crore per quarter that the Government had to refund.
“In May, we were told to give a bank guarantee, which we did. But still no dues have been received from the Government,” he said
July 16th, 2011, 10:41 PM
Matheson K-Air India to invest $100 mn for air separation plant in Pune (http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/matheson-k-air-india-to-invest-100-mn-for-air-separation-plant-in-pune/articleshow/9249098.cms)
PUNE: Matheson K-Air India Private Limited (MKI) plans to construct a 200 ton per day air separation plant in Chakan near Pune. The plant is expected to be up by December 2012, and produce liquid oxygen, liquid nitrogen and liquid argon for delivery within a 300 kilometer radius.
The company states it will invest $100 Million over the next five years to expand its business and supply industrial gases throughout India. It also wants to set up gas fill plants and distribution centers in some cities.
Matheson K-Air India is a joint venture between America's Matheson Tri-Gas, Inc., and K-Air India Private Limited, an Indian corporation that was established in March 2010. Matheson is a subsidiary of Taiyo Nippon Sanso Corporation Group, among the largest suppliers of industrial, specialty, and electronics gases in the world.
Kiran Karnawat, Managing Director of MKI, stated, "The Pune plant will improve availability and reliability of gases supply that MKI can supply locally and make us competitive. Installation of our first ASU is an important step for MKI that will enable us to become a fully integrated gases supplier to the Indian market.
August 2nd, 2011, 06:32 PM
Voltas Material Handling Pvt Ltd a joint venture company of India’s Voltas Limited and Germany’s KION Group has set up a new plant in Lohegaon near Pune. The new facility will initially manufacture diesel and electric fork lift trucks. The company has invested INR 12 crore for this facility.
Speaking on the occasion Mr Daniel Signorini director of Voltas Material and senior advisor to KION Group said that "The growth will come through increase in production capacities and enlargement of product portfolio. VMH especially sees a large potential in the logistics sector which is still fairly unorganized but will change very soon in India. VMH therefore see a large potential for its warehouse equipment, of which KION Group has a full bouquet. Initially some of this equipment will be imported from Europe, but in due course will be increasingly localized in India. VMH will continue to invest in India to cater to the large demand.”
Last year, Voltas has produced 1700 units of forklifts from its Thane plant.
The new plant in Pune will have the same production capacities by the end of this year, effectively doubling the capacities of VMH. Voltas had already exported to Middle East and Africa from its Thane plant before and that will continue.
He added that this plant has an efficient manufacturing set up and will be critical to VMH operations.
Mr Sanjay Johri MD of Voltas said that "KION Group has unrivalled know how and technological leadership in the forklift truck business, thus the partnership will help VMH further consolidate its leading position in India."
August 25th, 2011, 03:28 PM
Hager India sets up a corporate office in Pune
PUNE: Hager India, a subsidiary of the Euro 1.4 billion provider of electro-technical solutions and services for buildings, has set up a corporate office in Pune. This follows the setting up of a production plant at Lonikand, near Pune, three years ago. The Pune office will focus on studying market trends and new product and solution introduction into the Indian market, according to a statement issued here.
The company now plans to enter the Indian home automation market by the end of the year, with plans to work with system integrators to provide solutions for lighting management in homes and commercial buildings. It plans to ramp up production capacities and setting up its own molding unit.
The statement quoted Benoit Lecuyer, managing director, Hager India, as saying, "The Hager Group has identified India as a strategic country to grow its market share and invest in future growth plans. We have a local warehousing facility which allows on time delivery for our clients."
September 26th, 2011, 04:10 PM
Global conglomerate General Electric (GE) has selected Pune in Maharashtra for setting up a $200 million (Rs.989.2 crore) integrated manufacturing facility, a top official said on Monday.
"Our 200 million dollar integrated manufacturing facility is coming up near Pune on a 60 acre plot for making products for the Indian market," GE chief executive Jeffrey R. Immelt said.
The high tech facility will create 2,000 jobs and focus on increasing localising of GE products for the domestic market.
Read more at: http://profit.ndtv.com/news/show/ge-selects-pune-for-200-million-manufacturing-facility-179652?cp
September 26th, 2011, 08:49 PM
Pune has became a favourite destination for German companies. Small, medium and large sized firms have made invested in Pune in sectors like automobile, manufacturing, pharma, health care and education especially in the last five years.
According to Zubin Kabraji, regional director, Indo-German Chamber of Commerce, Pune is the single largest hub for German companies from the last 60 years. Over 225 German companies have set up their businesses in Pune. The total investment made by these companies in Pune is around 650 million Euros.
By end of July 2012, this figure will cross the mark of 300 companies who will be investing around 200 to 300 million Euros more in Pune.
With major investments in the manufacturing and automobile sectors, there are over 175 JV that are engaged in Pune. Companies like Mercedes Benz, Volkswagen, Siemens, Thyssen Krupp and Schaeffler are some of the key German companies engaged in Pune.
Recently, Volkswagen Group India has introduced a mechatronics apprenticeship programme in Pune which provides apprentices the key competencies which are necessary to adapt to the fast changing industrial requirements in Pune.
"There are many German language aspirants in Pune and over 75000 students from the city have picked up the German language in the last 50 years. Even the German language was first introduced in India in 1911 in Deccan College at Pune. Every year around 2000 students are learning German language from Pune," said Michael Flutch, director, Goethe Institut Max Mueller Bhavan, Pune.
As a part of the 60th anniversary of diplomatic relations between Germany and India, the Consul General of the Federal Republic of Germany will be showcasing a programme series all over India and also at Pune.
It will showcase a broad spectrum of Indo-German collaboration in politics, business, culture, sports, education, science, technology and research. Most projects will be realised in collaboration with Indian partners and will reflect different facets of urban life and development.
September 28th, 2011, 08:47 PM
Netherlands-based automobile navigation system maker TomTom has announced its entry into the Indian market with a range of devices for car owners in the country. The company has unveiled three navigation devices, namely Via 100, Via 120 and Via 125, which are scheduled to hit shelves next month.
MapMyIndia launches CarPad, a 7-inch Android-based navigation & infotainment tablet
Garmin-Asus releases Android navigation phone for Rs. 18,990
Olive Telecom unveils the OlivePad, a 3G Android 2.1 tablet phone, at Rs. 25,000
Nokia subtracts two features - GPS & 3G - from Nokia 5230, and calls it Nokia 5228TomTom has spent the last several years preparing maps of Indian streets. It has further set up its headquarters in Pune and aims to increase its manpower later this year. TomTom's Via series products come with its new Voice Control Functionality and Landmark Navigation facility. The Landmark Navigation feature enables drivers to search for the nearest landmark, and plan the journey accordingly. While all three models feature turn-by-turn voice navigation, the Via 120 and Via 125 devicess also feature Voice Control functionality.
TomTom will provide its Indian users a new feature called “Help Me”. This is an emergency menu through which users can keep local emergency service numbers at their fingertips.
The prices for the TomTom devices start from Rs. 15,000.
"There is no doubt that the navigation market in India is growing briskly and looking for high quality, easy to use navigation solutions. With the extensive experience that TomTom is bringing to the region coupled with its global quality standards and processes we can change the current regional landscape," says Jocelyn Vigreux, Managing Director, TomTom India.
TomTom will be facing a competition from navigation service providers such as MapMyIndia and Garmin. MapMyIndia recently launched seven-inch Android-based navigation and infotainment tablet called CarPad. The device runs on Android Froyo and is priced at Rs. 22,990.
October 6th, 2011, 04:19 PM
Pune-headquartered Franke Faber India Limited (FFIL), part of the Franke Artemis Group, is setting up a greenfield manufacturing plant at Sanaswadi in Pune to enhance its production capacity.In the first phase, the company would invest about Rs50 crore. The plant would be expanded in the second and third phases.
Moreover, the Franke Artemis Group has decided to relocate its design centre from Sweden to Pune to upgrade and improve the technological know-how.
The group, celebrating its centenary year, is one of the world’s leading manufacturers of kitchen appliances, food services, coffee system and washroom systems with a portfolio of 70 companies spread across 40 countries.
The FFIL is involved in manufacturing and marketing of kitchen hoods, hobs, cook tops, cooking range, built-in ovens and dishwashers under the brand name ‘Faber’ at its Pune set up, besides kitchen sinks, taps and biowaste disposers under the brand name ‘Franke’ in Aurangabad.
The group’s owner and chief executive officer, Michael Pieper and the managing director of FFIL, Ravi Gupta, told reporters that the company would strengthen its bond with Indian households by offering products with cutting-edge technology and reliable after-sales service.
“The new plant would meet the global standards of Franke Faber on productivity, quality and safety. It would be the export hub for Asia Pacific and Middle East regions,” added Gupta.
He said the new plant will have an annual production capacity of 9 lakh units, 5 lakh hoods, 3 lakh hobs and 1 lakh other appliances. “The plant will use the futuristically designed state-of-the-art equipment and will be the export hub for Asia and Middle East,” he added.
October 14th, 2011, 04:06 PM
Pune The state government has received investment proposals worth Rs 50,000 crore in Pune, which is expected to generate over 4 lakh jobs in the next few months across sectors like Information Technology (IT), automotive and forging industry. The proposals were made even as the industry body, Mahratta Chamber of Commerce Industries and Agriculture (MCCIA), cites shortage of land as a main deterrent to industrial growth in the city. Government officials, however, said they are looking to develop new industrial areas to lure investment.
General Manager, district industries centre, Pune, S S Survase said, “We have received proposals of investment worth Rs 45,000 crore in various sectors, which will generate over 4 lakh jobs. Though the major chunk of investment will come through foreign direct investment (FDI), there are also proposals in the mega project development scheme.” He said 90 per cent of proposed investment is in the FDI sector.
The proposals include that of General Electric (GE), which recently announced an investment of Rs 1,000 crore to set up a plant for manufacturing healthcare equipment and gas engines at Chakan in Pune. On October 2, Frobes Marshall began the construction of a plant in Chakan with an investment of Rs 260 crore in the first phase.
According to its corporate communication department, the plant, which is coming up on over 50 acre of land, will manufacture products for pollution monitoring and clean energy technology. Also in the list of investors is the German Company, Fibro, which will begin construction on its plant worth Rs 10 crore at the MIDC phase-II in Chakan on a land area covering 4,000 square metre, next week.
The company will manufacture the standard parts at the new site and is planning to reach a sales figure of 3 million euros in 2013. Director Business Area Standard Parts Fibro Henning Klempp said the plant will be functional by October 2012. He added that the company is investing in Pune due to the presence of a large trained manpower in the city and also because it is home to a number of automotive companies. “Standard parts form a major chunk of company product line and since Asia is a big market for us, our investment in Pune will push up our sales figures,” he said.
However, MCCIA says the investment in industry would be higher if adequate land is made available. The Director General (DG) MCCIA, Anant Sardeshmukh, said, “Many of the special economic zone projects didn’t take off in Pune. The government must provide that land for the development of new industries.” Survase added that the government is looking for new land to develop industries. “We are developing the Chakan-Talagaon industrial corridor. At Chakan, the third and fourth phase of the project is partially complete, while other phases are coming up at Talagaon,” he said. Regional Officer Maharashtra Industrial Development Corporation (MIDC), Neelash Gatane, said the demand for land is very high in Pune.” Pune caters to 25 per cent of the land demand in the entire state,” he said.
* Mahratta Chamber of Commerce Industries and Agriculture cites shortage of land as a main deterrent to industrial growth
* Pune caters to 25 per cent of the land demand in the entire state
* Government is looking for new land to develop industries
* 90 per cent of proposed investment is in the FDI sector
October 14th, 2011, 04:10 PM
The company is investing Rs 10 crore for this facility and it is likely to be functional by Oct 2012.
Fischer-Brodbeck GmbH (FIBRO), Germany based manufacturer of standard parts for the sheet metal and moulding industry would be setting up a manufacturing unit at Chakan near Pune. The company is investing Rs 10 crore for this facility and it is likely to be functional by October 2012.
Fibro GmbH has been present in the Indian market since 1996 with its authorised distributor 'Nitoo Sales' based in Pune.
Looking at the growth opportunity, the company decided to expand its operations in India and formed an Indian subsidiary Fibro India Standard Parts Private Limited in the year 2008.
"Currently, we are focusing only on standard parts and looking at only one business area at a time. Asia is the biggest market for us and in future all the major OEMs from Europe or USA will source their products at a local level. We have seven manufacturing sites across the world. This upcoming manufacturing unit reiterates our commitment to Indian market; of bringing the best class German quality products to Indian tooling and die casting industry", said Henning Klempp, director, business area standard parts, Fibro.
"We have chosen Pune for setting up the manufacturing plant due to its profile of being one of the most important automobile hubs in the country and due to presence of most of our European customers here," he added.
Sagar Jog, managing director, Fibro India said that this plant will help the company to build capacities for catering to the growing demand from the Indian auto, electronic and home appliances industry.
Apart from reducing the lead time, the company would now also be able to offer the high quality German parts at competitive pricing. The new plant will also enable Fibro to start manufacturing more types of parts in India. The company is expecting business of Rs 15 crore from India market.
After this new plant becomes fully operational, Fibro would also be exploring the possibilities of exporting to Asian countries apart from sourcing the parts from here for the European markets.
The company has wholly owned subsidiaries in countries like France, USA, Canada, India Switzerland, Singapore and China. Its total revenue for the year 2010 was 90 million Euros
November 2nd, 2011, 11:03 PM
Mumbai, Nov. 2:
Finnish industrial crane maker Konecranes is setting up a 1,000 units a year plant at Jejuri (near Pune) after acquiring erstwhile domestic partner, Mumbai-based WMI Cranes.
This facility will more than double Konecranes' capacity from 400 units a year.
The renamed company, WMI Konecranes India, will invest €15 million into the plant, which will be operational by late-2012. In 2010, the size of the cranes market was at around 10,000 units, which is expected to grow to 20,000 units by 2013.
“With the demand expected to double by 2013, India needs factories and investment for cranes. All our facilities will now be concentrated in one location – Jejuri,” said Mr Sami Korpela, Country Manager, Konecranes India, adding that the pricing will be on a par with domestic players.
WMI Konecranes is also planning to start a research facility in Pune. It has 100 people at its engineering centre, which designs cranes for project-specific applications. The company makes large electrical overhead travelling cranes from 250 kg to over 1,000 tonnes.
“We will concentrate on port equipment. We already have an order from Vizag and enquiries from others. We're also making a 1,000-tonne crane for Rs 300 crore,” Mr Gopal Vazirani, non-executive Chairman, said.
The company will focus on long-time service contracts with users in industries such as steel, power and automotive, where it will cover products of other competitors. Globally, service accounts for 40 per cent of its global business.
“In India service account for 10 per cent of the business, but it will definitely grow. We will offer a one-service contract to minimise downtime in factories, we want to offer preventive maintenance for all cranes. Globally, 75 per cent of cranes under service contract are of competing companies,” Mr Pekka Lundmark, President and CEO, Konecranes Plc said.
With plans for high localisation to keep costs low, the plant at Jejuri will now be used for machining of components. The company has facilities in Sanaswadi, near Pune, and Bhandup, Maharashtra, as well. It also plans to export to West Asia, South-East Asia and Africa
November 2nd, 2011, 11:08 PM
Germany-headquarter Wirtgen has opened its first plant in India at Pune. This is its third plant outside Germany. Located at Bhandgaon, the new facility comprises a 2700 m2 administration centre and training building alongside a 3600 m2 factory, built to the same standard as Wirtgen Group's production facilities in Germany. It includes a shot blasting system, a paint facility and a spare parts depot, while machines are assembled on a 60 m long production line, equipped with overhead cranes, with a load bearing capacity of 10 tons each and supported by slewing pillar cranes.
With the investment of around Rs55 crore, the facility will manufacture Hamm’s new Type 311 single-drum compactor. Though the production capacity of the plant would be around 400 machines, the company targets to produce 200 machines a year.
“Actually, we are not selling this product [311 compactor] in India because all our competitors produce this model in India. For us to be competitive, we also have to start manufacturing locally. And that’s what exactly we have done. To start with, we will be manufacturing only one product but this will have three variants. But we will be adding more products shortly,” said Ramesh Palagiri, Managing Director, Wirtgen India.
November 8th, 2011, 04:38 PM
The Rs.700-crore Pune-based Virgo Engineers Group, is expanding its valve manufacturing capacity by setting up a new plant, Virgo Valves and Controls Chennai, at MARG Swarnabhoomi near here.
Virgo Valves and Controls Pune, a part of the Virgo Group, is a leading manufacturer of a wide range of flow control valves and allied products predominantly for the oil and gas sector. Virgo Valves and Controls Chennai is a division of Virgo Valves and Controls Pune.
After inaugurating the new facility here on Monday, Jagdish Desai, CEO, Virgo Engineers Group, told presspersons that the large plant (one lakh sq. ft. spread over six bays) at MARG Swarnabhoomi would give an opportunity to ramp up production capabilities.
Mr. Desai said in the first phase, the company had invested Rs.30 crore (without machinery). Another Rs.25-30 crore would be invested in the next two years.
The Chennai plant would manufacture ball valves up to 12 inches in the first six months and from thereon would manufacture 24 inches ball valves.
With this Chennai unit, to be operational in two stages with 24,000 valves a year respectively, the total capacity would rise to 2.88 lakh units from the existing 2.40 lakh valves. The products would be exported to the U.S. and Europe, he said. The company was expecting to register a revenue of Rs.20 crore this year and Rs.50 crore in the next full year of operation of this unit.
GRK Reddy, Chairman and Managing Director, MARG Group, said, already Danish pump manufacturer Grundfos, Vanspall's only unit outside U.K. for manufacturing cooling tower equipment, Polyhose for auto component manufacturing were operational at MARG Swarnabhoomi. Mr. Reddy said other industrial units in the pipeline were: Eswari Electricals, Chennai (letter of intent signed), for distribution equipments; Techpro (letter of intent signed) for manufacturing equipment relating to water treatment plants; MoU signed with Twindisc for marine transmission devices and with TVS Kwikpatch for auto components. Besides, discussions were in an advanced stage with a robotics equipment manufacturer who had evinced keen interest to se up a facility at MARG Swarnabhoomi, he said.
Virgo Group has manufacturing plants in India, Italy, Germany and the U.S.
Mr. Desai said in India, Virgo already had two units in Pune and one in Coimbatore. The company was also in the process of becoming a fully integrated valve company by setting up a state-of-the-art foundry at Coimbatore which would be completed by the end of the fiscal year to manufacture and supply valve castings to its manufacturing units.
V. R. Jayaraman, Director (Projects), Virgo Engineers Group, said the company had registered a turnover of Rs.700 crore in 2010-11 which was expected to touch Rs.1,000 crore by 2011-12. Exports constituted 80 per cent of total sales. In the domestic market, the company was selling its products to major oil companies — ONGC, Cairn India, Reliance, HPCL and BPCL.
November 10th, 2011, 04:37 PM
PUNE: Chief minister Prithviraj Chavan recently cleared four investment proposals attracting an investment of Rs 5,376 crore in Pune district alone, which should help silence his critics who have been lamenting that Maharashtra has been losing out to Gujarat after Ford and Maruti Suzuki decided to set up units there.
A fifth proposal was cleared for the Phaltan industrial area in neighbouring Satara district.
The profile of the cleared investment projects includes sectors like commercial vehicle production, vehicle engine production and the manufacture of wind turbine and health care equipment, electric home appliances and cosmetics.
Tata Cummins, the vehicle engine production unit, is expanding in Phaltan and is expected to make an investment of Rs 875 crore in the next five years. Cummins already has a major manufacturing facility in the Phaltan industrial area.
Speaking to TOI on the condition of anonymity, a senior official from the state industry ministry said Beiqui Foton Motor Company Ltd, which is owned by the Chinese government, is investing Rs 1,676 crore for setting up a plant on 250 acres at Chakan in Pune district.
November 17th, 2011, 11:28 AM
Pune, Nov 16:
VMware Inc has opened a bigger R&D facility here. It also plans to add 50 people to the current strength of 130 over the next 18 months in both R&D and sales.
The Pune centre has seen consistent growth through both hiring and acquisitions and contributes significantly to the company's global R&D efforts including on key VMware offerings such as vShield and Zimbra.
VMware has a total of 7 R&D centres worldwide in the US, India, China, Israel and Bulgaria and the one in Bangalore is second only to the one in its headquarters Palo Alto.
Speaking at the inauguration, Mr T Srinivasan, Managing Director, VMware India & SAARC, said, “The centre will showcase new and future virtualisation and cloud computing offerings from VMware to enable customers plan their IT architecture effectively.”
November 22nd, 2011, 09:26 PM
Ravin Cables to invest Rs 200-cr; eyes 4-fold sales by FY16
Bullish on growth, power cable manufacturer Ravin Cables is eyeing an over four-fold rise in revenue to Rs 3,000 crore by FY16, when its expansion and diversification plans would be complete, a top company official said today.
"Though there is a slowdown in the cable industry at present, we expect the scenario to change some time soon. We are eyeing Rs 3,000 crore revenue in the next four years," company chairman and managing director Vijay Karia told PTI here.
The government has set a target of 1,00,000 MW additional capacity during the 12th Plan period beginning next April. At present, the company's revenues stands at Rs 700 crore of which exports contribute to nearly Rs 100 crore.
Ravin has also embarked on an investment plan of Rs 200 crore for capacity addition as well as setting up a new super specialty facility to cater to the growing demand from the cable industry, which is currently Rs 15,000 crore.
"We have diversified our scope and plan to enter new segments such as renewable energy, including solar and wind, specialty cables for the auto segment as well as for cranes and submarine cables. We will be spending around Rs 20-25 crore in setting up a separate super specialty facility in Pune that will cater to these segments," he said.
The company already has two units one in Pune and another in Middle East with a capacity of 36,000 tonne each.
Last year, Ravin signed a joint venture agreement with the Italy-based Prysmian Group to manufacture all kinds of cables - low, medium and high-voltage as well as specialty cables. Prysmian has picked up majority 51 percent stake for about Rs 200 crore.
December 13th, 2011, 05:32 PM
Granules India to set up R&D centre in Pune
Granules India Ltd will be setting up of Research & Development (R&D) unit at Pune (Maharashtra) after the availability of talent in that region.
C. Krishna Prasad, Managing Director, Granules India was quoted as saying "The proposed centre would be in addition to Granules' existing unit in Hyderabad."
The company has also approved long term financing facility and working capital limits for the financial year 2011-12.
December 14th, 2011, 09:31 PM
The Zinnov-SEAP study delves deep in to the historical evolution and rise of Pune as the Engineering, R&D and IT services powerhouse of India
Zinnov Management Consulting, a leading globalization advisory firm, in association with the Software Exporters’ Association of Pune (SEAP), has released a comprehensive study titled ‘Advantage Pune - The Innovation Frontier’ that highlights the enormous potential Pune holds in becoming the next innovation hub of Asia.
The Zinnov-SEAP study delves deep in to the historical evolution and rise of Pune as the Engineering, R&D and IT services powerhouse of India, while deliberating on the way forward.
According to the Zinnov-SEAP study, Pune city has seen several inflection points over the last two centuries that have today resulted in a mature engineering ecosystem with many MNC and indigenous companies, word class universities, a large installed talent pool and thriving start-ups. The city boasts of 112 MNC R&D centres, MNC talent pool of 24k, 17 SEZs and IT parks, 15 of the top global 40 R&D service providers and more than 40 engineering colleges.
Stressing on Pune’s education advantage, the study finds that while Pune has traditionally been a location of industrial engineering, it now produces a large and diversified pool of engineering graduates every year spanning IT, Automobiles and Finance. Pune produces over 12,000 engineering graduates every year and it is expected to further increase as more colleges come up. Add to this the many institutes which offer market oriented vocational training courses like Hotel Management, Gemology, Jewelry designing, etc. To cite a case in point, Volkswagen opened its automotive technical knowledge center in Pune and has tie-ups with various polytechnics, ITIs and ITCs across India. And as if all that was not enough, foreign languages like French, Spanish and German too are quite popular among ‘Puneites’, notes the Zinnov-SEAP study.
In addition to the strong focus on education, Pune also houses several premier research institutions and has been witness to rapid developing infrastructure. With many new projects being kicked-off, Pune’s infrastructure is further set to move to the next level. Work has already commenced on the planning of new airport at Pune which is touted to be the largest airport in India. The city has been granted approval for 18 IT-BPO SEZs with a total area of 568 hectares while the Govt. is planning a 1,000 MW power plant exclusively for Pune to keep pace with the explosive economic growth. All these factors indicate that Pune is gearing up for massive infrastructure and urban growth that will further attract MNCs to the city, according to the study.
Talking about the industrial ecosystem of Pune, the study says that the city’s industry ecosystem mainly consists of Core Engineering, Software Products and IT Services. Pune has traditionally been the engineering base for some of the largest Indian engineering and technology companies namely Bajaj Auto, Kirloskar Electric Company, Bharat Forge, Tata Motors, Kinetic India, Thermax India, KPTI Cummins and the likes. The city also has the highest number of micro, small and medium enterprises (MSMEs) and large-scale units in the State. The district accounts for 49.7% of MSME units and 50.5% of large-scale units in Maharashtra, which goes on on to show the engineering and R&D prowess of Pune.
Talking about the study, Pari Natarajan, Co-Founder & CEO, Zinnov Management Consulting, “We were always upbeat about Pune and its prospects. Pune has not only contributed to the growth of the State, but also to the overall IT growth of India. We are also seeing an explosive start-up ecosystem here, which is very unique to the city. Pune houses close to 125 indigenous startups with business and productivity software accounting for 50% of it. In the years to come, the city can easily propel itself to the global league through some smart marketing efforts and creating a more vibrant Brand Pune.”
Commenting on the launch of the study, Gaurav Mehra, President, SEAP, said, “We are glad to have partnered with Zinnov for this interesting study on Pune. We are confident that this city - Pune is on the path to becoming the next innovation hub of Asia. All the factors are conducive for growth and with some more push and efforts from the industry and government alike, there is no stopping it.”
“One must not forget that Pune was the birthplace of outsourcing in India. The city’s close proximity to the financial capital of India too has been a boon as a lot of companies in the BFSI space have established a shared services base in Pune. This is in addition to the traditional strength of Pune in core engineering R&D and manufacturing” added Bhavani Shankar, Manager, Zinnov Management Consulting.
The study goes on to showcase Pune’s engineering, R&D, IT services, product and software technology, and start-up successes by citing numerous examples of companies that have innovated out of Pune by leveraging on the various advantages that the city offers. Within the overall industry ecosystem, key areas of strength for Pune include BFSI IT services, Automotive Engineering and Enterprise Software product engineering. The study states that 85% of India’s software product companies’ R&D center is headquartered in Pune, and the city employs 61% of India’s R&D employee base for software product companies.
While talking about the future prospects and the way forward, the study recommends Pune to undertake focused branding within and outside India emphasizing on its key industry clusters, talent pool availability, access to higher education and access to Mumbai-the financial capital of India. Pune also needs to further improve the perception of the city in terms of its cosmopolitan nature to encourage highly skilled workforce from all over India to come and work here. And lastly, the city must improve its infrastructure and attract investments in its key areas of strengths namely BFSI IT Services, Automotive Engineering and Enterprise Software, it added.
January 22nd, 2012, 04:31 AM
Maharashtra in terms of getting the maximum number of new industrial units, fetching Rs 37,700 crore worth of investment in the last five years. These industrial projects come under the mega-project policy of the state government announced in 2007 for a period of five years.
Of the 178 mega-industrial projects that have started production in the last five years, 37 industries have invested Rs 37,700 crore in Pune district. Raigad and Nagpur districts follow with investments worth Rs 26,008 crore and Rs 8,657 crore respectively.
The policy will expire on January 31, 2012. Speaking to TOI on condition of anonymity, a senior official of the state industries department said, "Since 2007, Pune district has received 52 investment proposals from industries of which 37 industrial units have gone into production. The total proposed investment from 52 proposals submitted under the megaproject policy is Rs 46,658 crore." Aproject involving a minimum investment of Rs 250 crore is categorized as a mega-project. The state had declared the policy so that investment proposals could be dealt with speedily. As of now, 298 proposals have been received, of which 178 have gone into the production stage. The estimated investment from 298 mega-projects is Rs 2,50,581 crore.
The units of Tata Motors, Bharat Forge and Bajaj Auto and their suppliers have encouraged other auto companies, both Indian and foreign companies like General Motors and Volkswagen to invest in Pune district.
February 2nd, 2012, 11:03 PM
Santa Clara, CA (PRWEB) February 02, 2012
InfoStretch Corporation, a leading provider of mobile and quality assurance solutions, today announced that it will be opening a new technology development and test center in Pune, India.
This move aligns with its strategic vision to support a global customer base and fuel innovation with the help of local talent.
“We have been experiencing exponential growth in our business and talent from Pune will play a critical role for technology innovation and contribute to our success in the coming years,” says Rutesh Shah, President and CEO of InfoStretch. “We welcome top-notch technical talent from Pune and our goal at InfoStretch is to nurture intelligent resource pools to work on leading edge technology projects,” he added.
Lately, Pune has been attracting a lot of companies to initiate development centers, and to capitalize on the growth of skilled technical professionals, both fresh and seasoned. “I am absolutely positive that this is a great move for InfoStretch to serve the company’s growing clientele. With this investment, we can serve both global and local customers,” says Palvinder Singh, Head of Pune Operations. “I am very excited to be heading this effort and look forward to growing this team successfully.” he added.
Pune will be the third development center in India for InfoStretch after Mumbai and Ahmedabad. InfoStretch is headquartered in Santa Clara, CA with other US offices in Scarsdale, NY and Conshohocken, PA.
About InfoStretch Corporation
InfoStretch is a global leader in software QA, mobile solutions, testing, distribution and certification Services. InfoStretch also specializes in Enterprise Application Testing, QA and Test Automation Services with an emphasis on Enterprise 2.0 and Cloud Infrastructure-based SaaS applications. InfoStretch delivers high-quality, reliable and cost-effective services to clients throughout the US, Europe and Asia-Pacific. The company specializes in delivering business solutions that command deep technology knowledge, process proficiency and domain expertise. For more information, visit http://www.infostretch.com/
February 20th, 2012, 08:31 PM
Recruitment activities to grow 8% in tier-III cities during Jan-June
A positive trend in recruitment is expected in smaller towns and mini-metros during the first half of 2012 on the back of increased hiring in sectors such as engineering & manufacturing, says a survey.
According to the survey by recruitment tendering platform myhiringclub.com, hiring activities are expected to grow by 11 per cent in tier-II cities such as Pune and Hyderabad during the January-June period of 2012 compared to the year-ago period.
In addition, 8 per cent growth in recruitment activities may be witnessed in tier-III cities like Jaipur, Ghaziabad and Kochi during the first half of the 2012 from the year-ago period.
Tier-II and tier-III cities seem to be gaining ground, compared to the metros as companies continue to look at them as cost-effective destinations.
“Employees from these cities are having very low attrition rate and cost effective compare to metros. That's the main reason where employers had started preferring candidates from these cities,” MyHiringClub.Com CEO Rajesh Kumar said.
Manufacturing and engineering, retail, FMCG, banking and financial services and IT/ITeS are major sectors that would see maximum hiring from smaller cities during the period under review and the survey expects that similar hiring trend will continue during the second half of the year as well.
In terms of sectoral analysis, the manufacturing and engineering space is expected to account 28 per cent of total hiring from tier-II and III cities followed by FMCG (18 per cent), retail (17 per cent), IT and ITeS (17 per cent), automobile (15 per cent), insurance (14 per cent), banking and financial Services (11 per cent) and telecom (9 per cent).
Pune and Chandigarh would contribute 26 per cent of total recruitment in first half of 2012 followed by Ahmedabad (22 per cent), Lucknow (21 per cent) and Jaipur (18 per cent).
The survey was conducted among nearly 1,000 employees and recruitment consultants across 12 industry segments (healthcare, infrastructure, hospitality, real estate and construction, BFSI, IT and ITeS, training and consulting, FMCG, telecom and automobile) in 112 cities.
February 28th, 2012, 07:07 PM
PUNE, FEB 28:
Mahindra Steel Service Centre Ltd (MSSCL), a joint venture between Mahindra Intertrade Ltd and Metal One Corporation of Japan, has inaugurated its first electrical stampings facility near Pune.
The plant, which has been set up at a cost of Rs 50 crore, is Mahindra Intertrade's sixth service centre, and the second at Kanhe, near Pune.
The new facility with the equipment sourced from top suppliers across the globe: slitting line from Japan, stamping presses from Japan and Taiwan, stress relieving equipment from the US, and aluminium injection machine from Europe.
“This is the only facility of its kind in the country with presence across the complete value chain from steel through stampings.
“The electrical stampings facility will strengthen Intertrade's position in the home appliance space by offering the customer best–in–class service and equipment backed by top grade electrical steel from Nippon Steel in Japan,” Mr Harsh Kumar, Managing Director, MSSCL, said.
Mahindra Intertrade is a wholly-owned subsidiary of the Mahindra Group. It operates steel service centres at Kanhe, Nashik, Vadodara and Bhopal in India, and at Sharjah in the Middle East.
March 6th, 2012, 05:14 PM
Pune: Aggreko, a provider of temporary power and temperature control services, today announced the opening of its India head office at Pune. The company had been operating with depots in Pune and Chennai for the last two years.
The company decided to consolidate the country headquarters in the city due to its thriving industry, pool of highly qualified engineering and business professionals based locally, and its proximity to key business centres such as Mumbai.
"Locating our HQ in Pune is a significant step forward towards strengthening our presence in the country. It gives us a great opportunity to grow and support local industry and to help drive economic growth in regions where power outages are common," said Mr. V. Radhakrishnan, the newly appointed Country Head for Aggreko India.
"With the Indian economy growing at such an exceptional rate, it is vital that industry has access to high quality, reliable and flexible power from a world renowned supplier such as Aggreko."
Aggreko supplies turnkey power packages across a variety of industries including oil and gas, manufacturing, mining, utilities and construction. By utilising temporary power solutions, companies ensure access to a power supply which is guaranteed, consistent and reliable. This mitigates the risk of production downtime and financial losses associated with unreliable power outages and load shedding.
March 23rd, 2012, 04:10 PM
Due to the economic slow down in Spain, the companies there are finding new ways to expand their businesses. The Spanish firms are looking for the options beyond Europe. Recently, Mondragon, a Spanish firm has invested Rs 34 crore in in Sherwal, 60-kms from Pune.
The company will set up an industrial complex in this region. Mondragon will open eight factories in the next five years mainly related to manufacturing sector, automobiles, hospitality and wind turbines.
Speaking to Business Standard on these developments, Jose Maria Aldecoa, president Mondragaon said, "Due to economic slowdown in Spain, we are planning to expand our business in the other countries like India, China, Brazil and Mexico, Thailand and Russia. As a result, the company has observed increase in sales and it is improving."
The first factory of Mondragon will be operational in July 2012 by the Danobat Group which is the machine tool division of Mondragaon has a JV with a company based in Indore named Indo tech for Band saws which is used for steel cutting.
Mondragon is expanding emerging markets including BRIC with about 63 per cent of group earnings now coming from international sales, it has 150 group companies, with over eight corporate offices and 18 plants outside Spain, including India. Aldecoa added, "India as a market holds great potential and Pune is ideal for the business expansion plan considering greater availability of land, skilled labour and its proximity to the ports in Mumbai. We are already supplying to automobile firms such as Tata Motors, Mahindra and General Motors in India. Mondragon will facilitate the setting up of these companies creating employment, raising standards and opening up new avenues for increased interaction between businesses in the Basque Country and India."
In August 2011, Mondragon has closed a deal with the Indian tubing manufacturer Taurus Flexibles Pvt. Ltd by which it will acquire a 50 per cent stake in the business located in Pune, India. They share the Rubber technology used for auto components industry. Maier, a group company has a JV with UM Group based in Gurgaon. They share the technology for plastic parts used for auto components industry
March 26th, 2012, 04:35 AM
The Economic Survey of Maharashtra 2011-12 that was tabled in the state legislature last week may have presented a grim outlook for the state, indicating a slowdown in the growth rate, but Pune district seems to be bucking that trend to some extent, say experts.
“Pune division has been the leading contributor in the Gross State Domestic Product (GSDP)- this year it was 26 per cent. Around 60 per cent of the total manufacturing companies of the state come under Pune region. The region has seen a steady growth primarily because of the existence of industries and better infrastructure, which is missing in Marathwada and Vidarbha. Though overall growth is estimated to be slow as per the survey, the Pune region will be unaffected,” said Anant Sardeshmukh, director-general, Mahratta Chamber of Commerce Industries and Agriculture (MCCIA), referring to the state report that says the GSDP in the state is expected to grow at 8.5 per cent in 2011-12 while the figure was 11.3 per cent the previous year. Even on the agriculture front, the state is expected to show a negative growth of 9.1 per cent, restraining the growth of ‘Agriculture & allied activities’ sector at (-) 5.1 per cent.
The survey figures related to Gross District Domestic Product (GDDP) and Net District Domestic Product (NDDP) income of the Pune division that covers Pune, Satara, Sangli, Solapur and Kolhapur however, show GDDP at current prices has grown from Rs 1,93,156 crore in 2009-2010 to Rs 2,35,383 crore in 2010-2011. On the other hand, NDDP has increased from Rs 1,74,959 crore in 2009-2010 to Rs 2,14,952 crore in 2010-2011. The performance of both the industrial and agricultural sectors in the Pune division has been encouraging too. In February 2006, the state had adopted the Special Economic Zone (SEZ) policy, which received 233 SEZ proposals up to November 30, 2011. Of these, 116 SEZs were approved by the Central Government and 63 of them are notified. The Pune district has 34 approved SEZs and 20 notified SEZs. With an approved proposed investment of Rs 40,731 crore, the SEZs are expected to generate employment for 9.66 lakh people. However, the district has lost an investment of Rs 827 lakh and Rs 10,471 core on de-notified and withdrawn SEZs respectively till November 30, 2011. Sangeeta Shroff, associate professor, Gokhale Institute of Politics and Economics, and officer-in-charge, Agro-Economic Research Centre, said Pune district has the advantage of better infrastructure such as electricity and roads. Besides, she said, the cropping pattern and irrigation facilities are different in places such as Satara and Kolhapur. “Even the milk cooperatives are well developed here. They have diversified into horticulture and floriculture,” said Shroff.
The number of Kisan Credit Cards (KCC) issued in the district by Maharashtra State Cooperative Bank till September 2011 are 13.70 lakh. KCC was launched in the state in 1999 in order to provide adequate and timely credit to meet the comprehensive credit needs of farmers including short-term crop loans and a reasonable component of consumption needs under single window with flexible and simplified procedure.
The status of co-operative industrial estates says of the 45 registered industrial estates in Pune district, only 38 are functional. The number of operational industrial units are 3,150. The industrial units in MIDC in the Pune district have increased from 7,603 in 2010 to 9,273 in 2011. Around 4.38 lakh people have been employed in 66,588 micro, small, medium enterprises (MSMEs), and 4.07 lakhs people are employed in 1,490 large enterprises in the district. The number of habitations targeted under 2010-2011 National Rural Drinking water Programme of water supply department in the district were 1286. However, only 325 were covered during this period. To improve the quality of rural water supply and environmental sanitation service, the State Government had started Jalswarajya Yojana in September, 2003. From the time of its inception to June 2011, in Pune region, of the 511 selected gram panchayats, the programme was completed in 471 gram panchayats. Out of the total 8,341 rainwater harvesting structures built upto October 2011, 871 were from Pune region
March 27th, 2012, 05:03 PM
Rio has been in the diamonds industry for more than 30 years, but while it has a long history with the industry it is not the most profitable for the major. Last year, diamonds accounted for only 1 per cent of group revenue.
The mining giant also said yesterday it had opened a state-of-the-art innovation centre in Pune, India, in a further expansion of its Mine of the Future program.
Rio partnered with India's iGATE Patni in a deal under which the local company will provide Rio with engineering research and development services, including industrial automation and control, software and embedded design and development, and general engineering services.
Rio's head of innovation, John McGagh, said the partnership would enable the company to move its innovations from the concept stage to commercial reality more efficiently with the help of specialised engineers.
"The Rio Tinto Innovation Centre will allow us to take a specific technology developed at one of our centres of excellence, such as the mine automation system in use at our Pilbara iron ore operations in WA, and adapt it for broader application across our network of mines," he said.
March 31st, 2012, 04:12 PM
Besides, this phase would also include "significant" localisation of hull/turret structure and major subsystems.
"L&T also plans to set up the integration and testing facility for roll out of these guns from its world class, dedicated defence equipment facility in Talegaon, near Pune," the company said.
It added that a proposal to develop the 155mm/52 calibre tracked, self-propelled artillery, with L&T as lead partner, had been submitted last year to Ministry of Defence.
March 31st, 2012, 04:13 PM
"Over a period of ten years, we are looking at a turnover of USD 500 million from this JV and if we are selected for the supply of FICV by the government of India then we expect that the turnover would immediately become one billion dollars," Mahindra said.
Mahindra & Mahindra is one of the four companies which have received Expression of Interest (EOI) to supply around 2,000 units.
An initial investment of Rs 100 crore in the JV with Rafael will be made. The JV will also set up a facility in Pune where mostly naval systems will be made, he said.
Commenting on the JV with Telephonics Corporation Mahindra said: "A similar amount of investment is being made by the partners and in the next ten years, we are expecting turnover of half a billion dollar."
This JV has been set up primarily for Surveillance Radar Systems, Identification Friend or Foe (IFF) and Communication Systems.
April 2nd, 2012, 12:43 AM
Avery Dennison expands Pune facility
US-based Avery Dennison, a pressure-sensitive label and packaging materials company, has completed a major expansion of its production facility in Pune that will significantly enhance the company’s production capacity to meet the growing demand of Indian market.
The company has invested Rs 1000 crore (approx. US $ 200 million) for this expansion and company’s total investment to date in the country is Rs 250 crore (approx. US $ 50 million). It has two plants in Gurgaon and a recently commissioned distribution center in Bangalore.
Commenting on this, Dean A Scarborough, chairman and president, Avery Dennison said, "With this latest expansion, we continue with the next big chapter in our development in India. Our customers across India and South Asia have been our primary focus, since we first established operations here in 1997. By expanding in Pune, we will be able to serve better the increasingly discerning requirements of this fast-growing market."
Avery Dennison also announced two more significant developments in India, the establishment of a new innovation center in Pune and a knowledge center in Bangalore.
The innovation center will be the third of its kind for Avery Dennison, which has existing centers in the US and China. It will provide dedicated research and innovation development services for Indian converters and original equipment manufacturers, while simultaneously providing growth opportunities for India’s pressure-sensitive labeling industry.
The Pune innovation center will be operational by mid-2012 and is expected to grow significantly in terms of dedicated resources over the next two years.
The Pune facility produces technically advanced pressure-sensitive materials for labeling and packaging material with the total capacity of 350 million square metre.
source: business standard (http://www.business-standard.com/india/news/avery-dennison-expands-pune-facility/469735/)
April 3rd, 2012, 06:22 PM
PUNE: "I see a great product temperament in Pune," says Prakash Bhalerao, a well-known angel investor in the Silicon Valley as he gets down talking to ET.
"Saw that in Bangalore 10 years back but the focus there is now diluting towards services," he points out. But what brings him to Pune? Co-founder of 30-odd Valley start-ups and now chairman-CEO of the California-based Verismo Networks, which has 700 people in Bangalore, Bhalerao is planning to make Pune his new 'karmabhoomi'.
A technology incubation centre is Bhalerao's agenda for the city where he aims to nurture companies making technology products for the global market. "To develop technology products, you need a specific focus, longevity and a different type of personality, which I see in Pune," he said.
The angel investor is incubating AvaniTV, an invehicle entertainment solutions company founded by former entertainment industry executive Ishwar Jha. With operations spread across Pune, Mumbai and Bangalore, Bhalerao will soon consolidate them into the 14-storey incubation centre that is currently receiving finishing touches.
"Skills like product development, product management , quality assurance and user interface design needed for products firms are available in Pune," says Gaurav Mehra, MD of Saba Software and president of SEAP, an association of IT exporters out of Pune.
"There is a very strong start-up ecosystem in Pune apart from the presence of engineering centres of global giants like Bosch, John Deere and IBM, which makes Pune ideal for product companies," he says.
The cosmopolitan culture too makes the city a test market place for new products. Mobile handset giant Nokia conducted the pilot for its emerging market products Lifetools and Money in Pune. Symantec, BMC and Parametric too have their India bases at Pune.
"I am impressed with the calibre of talent in Pune, which is moving closer to that in Silicon Valley," Allwyn Sequeira, chief technology officer and vice-president at VMware, the Palo Alto-based , $3-billion cloud and virtualisation software company.
"In the Valley we have people with 15-25 years of experience. Pune has people with over a decade of experience as well as Valley returnees. The talent in Pune is very stable unlike in other cities where everyone seems to walking with their CVs. I have people in my team who have been working for 7 to 8 years and I am very comfortable handling concept-to-delivery of our products from Pune."
VMware recently set up a second research and development centre in Pune, which will house a part of Sequeira's team. The city is also attracting expatriates. The guys behind EnTrip -- Nicholas Adams and Anthony Hsiao -- and Yann Le Gouic shifted to Pune to launch their web-app development start-up Sapna Solutions.
"We actually represent the first wave of 'reverse brain drain' that is inevitably going to happen now with more talent coming to India," Hsiao says. The start-up talk is strong in Pune too with homegrown innovators attracting money and interest. Druva, an enterprise backup solutions provider with clients like NASA and the US Marine Corps, among others, raised a $12 million series B funding from Nexus Venture Partners in August last.
Sequoia Capital is an investor in QuickHeal, a Pune-based security tools company. Newbies like DroidCloud, Kpoint and NanoStuffs have churned out interesting products that have contributed to the start-up ecosystem. No wonder that Bhalerao is looking to have the next wave of his companies emerge from Pune. "I am looking for product ideas that have a global market," he says.
"If I like the idea and the entrepreneur's tenacity, I fund it and I take a very active role unlike a typical angel investor. In the role of a CEO or chairman, I participate in building that idea into a business, till the product is launched and accepted by customers, has a pseudo-management team. It would have tasted revenue and possibly the first round of VC funding has come in," Bhalerao said.
April 9th, 2012, 02:20 AM
Rio's India facility for automation R&D
Rio Tinto has opened a facility in India to help drive its roll out of automated mining technology. The mining giant on Tuesday said it had opened an innovation centre in the city of Pune to support its Mine of the Future program. The program is being expanded for the company's iron ore operations in Western Australia - from driverless trucks to remotely controlled trains.
The new facility in India will provide Rio Tinto with engineering research and development services, including industrial automation and control. It will take ideas that have been developed by Rio Tinto in Australia, Canada and the United Kingdom, and trialled in a specific mine or business unit.
It will then modify the technology for use with other products or in different regions, the miner said in a statement.
April 10th, 2012, 03:29 AM
Looks like Sharad Pawar and company put Maharashtra in deep Shit.
April 10th, 2012, 08:43 AM
^^Hope it is implemented and becomes a reality, let's discuss it in it's appropriate thread. Thanks.
April 10th, 2012, 07:02 PM
BANGALORE: By the end of 2012, the world's biggest elevator firm, Otis, will triple production at its Bangalore capacity to 10,000 units a year as it expects orders to swell with builders across the country scrambling to finish projects that have been delayed by several months.
"We are also looking at inorganic growth through acquisition of companies," said Patrick Blethon, president, Pacific Asia Area at Otis Elevator International. Blethon is pinning his hopes in India for its huge potential. "The elevator density per thousand people here is 0.5, while it is 0.12 in China for a population of 1.3 billion," he said.
Switzerland-based Schindler Group, which has licensing tie-up with suppliers in India, too is firming up plans to set up a new manufacturing unit in Pune to scale up its India operations. Japanese conglomerate Toshiba Corporation set up a 100% subsidiary Toshiba Elevators in India last year to tap the premium and high-end elevator market in the country.
Three years ago the situation was very different. The elevator business in the country had slumped, following the slowdown in the real estate market. Manufacturers had to bide time for a recovery, as their fortunes are linked to home sales, especially high-rise residential apartments. Almost 60% of projects that were launched before 2008 in cities like Mumbai, NCR, Chennai and Bangalore, were delayed by more than two years.
But many of these projects are finally reaching the end of the construction cycle. According to Liases Foras, a property research firm, of the total number of delayed projects across Mumbai, Bangalore and NCR, 30% are expected to be completed by December 2012, while the others will be delivered by the end of fiscal 2013-2014.
As per industry estimate, Indian elevator market, which stagnated during the realty slump of 2008-2009, is now growing at 15%. The elevator market clocked 40,000 units last year. This will move closer to 50,000 units this year. Over 70% of the elevators are sold to residential buyers.
"There has been growth in demand from tier II & III cities and we do not envisage any delay in smaller projects. The global sentiment this time has not impacted the market the way it did three years ago but if the realty market changes then it may impact our margins but not the volumes," said Akash Srivastava, marketing manager at Schindler India, which currently contributes around 15-20% to the company's global operating revenue, and is growing at 25-30% a year.
source: Economic Times (http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/urban-development-lifts-elevator-business/articleshow/12604924.cms)
April 13th, 2012, 09:19 PM
....So, Birla is investing Rs 2,000 crore in a plant to make solar cells and wafers near Pune. He also plans to execute solar power projects across the country. Also in the works is a 600 Mw coal-fired plant in the Dhule district of Maharashtra at a cost of almost Rs 3,000 crore....
April 19th, 2012, 04:10 PM
MUMBAI: Schmersal India, the 100 per cent subsidiary of the Schmersal Group, a leading electrical and electronic safety switchgear and systems maker, today said it has set up its first manufacturing plant in the country in Pune with an investment of around Rs 54.4 crore.
Spread over five acres, the plant at Ranjangaon MIDC in Pune, which is expected to be operational by April 2013, will manufacture electromechanical safety devices, electronic sensors and lift switchgear, the company said in a statement.
"India is an important and strategic market for Schmersal and this facility has been envisaged keeping in view the tremendous potential within the country," Schmersal Group Chief Executive Officer Philip Schmersal said.
The products that will be manufactured are currently targeted at serving the local markets and find application in machinery manufacturers selling to food, pharmaceutical and fast moving consumer goods (FMCG) industry, material handling OEMs, textile industry, alternate energy sectors and manufacturers of automobiles and auto ancillary industries, he said.
"We have been encouraged by a growing Indian economy and the combination of availability of qualified engineers and designing capabilities which gives the country a distinct competitive advantage. Besides, Indian manufactured products are gaining acceptance in world markets," Schmersal added.
April 20th, 2012, 05:29 PM
The TriZetto Group Inc. has opened a second office in Pune, India, to support growth in its business management services for health-care clients. The customized EON Business Park facility can accommodate up to 1,200 associates, and most of TriZetto’s India-based staff will office in the new facility by the end of 2012, the company said.
“Our new facility will scale to accommodate our growing client base and the additional services we introduce to support our clients in meeting significant business challenges in the rapidly evolving healthcare industry,” said Thomas Rekart, senior vice president of business management services at TriZetto, which is based in Denver. “TriZetto’s new, customized facility in Pune will enhance our delivery of world-class resources that help clients achieve operational excellence.
“The EON Business Park offices are specifically designed to support the highly specialized business functions TriZetto performs for some 75 healthcare organizations each year,” Rekart said. “We configured the open workspace, training and conference rooms, state-of-the-art computing environment/data center, and other elements of the 36,000-square-foot facility to be conducive to serving our clients. Additionally, we hold an option to expand further in this facility to meet client needs.”
The EON Business Park is located in the eastern technology corridor of the city of Pune. Situated near the airport and railway station, the 45-acre campus also is home to international offices of IBM, Honeywell, Siemens, Nokia, Tata, Phillips, Dell, Deloitte, Morgan Stanley, PricewaterhouseCoopers and other major firms.
TriZetto’s business management services include the conversion of paper documentation to electronic transactions, enrollment and premium billing processing, claims administration for TriZetto and non-TriZetto core administration platforms, and configuration services for TriZetto platforms.
April 24th, 2012, 06:05 PM
CA, Mahindra set up joint research centre
HYDERABAD: Mahindra Satyam and Tech Mahindra have inked an agreement with CA Technologies, a global IT management and security software and solutions company, to set up a joint research centre in Pune.
William McCracken, CA Technologies chief executive officer and C.P. Gurnani, chief executive officer designate of Mahindra Satyam-Tech Mahindra launched the centre, which will focus on solutions in areas such as cloud and telecom.
The centre, which will initially have 70 employees, will work on six potential solutions. The first solution is slated for delivery in financial year 2013.
"We have been working together for nine months and we have agreed on a strategic partnership to drive IT especially in cloud and sales and services environment around the world. They bring to marketplace things we dont bring and we bring things they dont.
We believe partnering together allows us to drive innovation in market place for customers in a way that we wont be able to around the world, said McCracken.
He said while CA was working with many IT companies in India, the agreement with Mahindra Satyam was a step forward. It is just to install our software and we dont expand in a broader role from services point of view and this is somewhat unique in market place as it allows to partner with them without competing with them, he added.
This arrangement is closely aligned with our strategy of building an ecosystem of like minded partners, said Gurnani.
source: ET (http://economictimes.indiatimes.com/tech/ites/ca-mahindra-set-up-joint-research-centre/articleshow/12854197.cms)
April 24th, 2012, 06:06 PM
Sany Heavy Industry India starts crawler crane production at Pune
PUNE: Sany Heavy Industry India, subsidiary of one of China's fastest-growing manufacturing companies, Sany Group, has announced inauguration of its first integrated crawler crane production line at Chakan near Pune. Plant will substitute the import of crawler cranes from China and cater to India's growing needs, a company executive said.
"The plant has begun production of popular models of Sany cranes in India. With this plant Sany aims to for faster delivery, better product features & wider range of optional attachments," Zeng Zhihong, Director Sales of Sany Heavy Industry India, said.
"Earlier, the cranes were imported from SANY China according to customer requirements. However, looking at the constant growth of crane market and products receiving higher appreciation by India customer, SANY has taken step forward to start production of cranes at its manufacturing facility at Chakan, Pune in India," he said.
Sany's sales have jumped about tenfold in the past five years, and has become a bigger rival global leaders of the building machine business like Caterpillar of US and Komatsu of Japan. In January this year, the company acquired German concrete pump maker, Putzmeister Holding GmbH for 525m, making it one of the biggest purchases of a niche German business by Chinese company.
Putzmeister was the largest maker of concrete pumps in the world by sales till 2008 when Sany overtook it to become the industry leader. Sany today accounts for about 20% per cent of the market for crawler in 2011. SANY China holds world record for manufacturing world's largest crawler crane.
source: ET (http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/sany-heavy-industry-india-starts-crawler-crane-production-at-pune/articleshow/12852348.cms)
April 24th, 2012, 06:06 PM
sorry, repeat post
April 26th, 2012, 06:36 PM
ZF sets up steering system manufacturing plant in Pune
Germany based manufacturing company ZF Lenksysteme has set up a new manufacturing plant for steering systems required for commercial vehicles at Phulgaon near Pune. The company has invested Rs 325 crore in this facility.
The plant has the initial production capacity of 70,000 commercial vehicles steering systems and approximately 400,000 passenger car steerings which can be further ramped up, based on market requirements.
Commenting on this, Michael Hankel, CEO, ZF Lenksysteme said, "This is an important step for ZF Lenksysteme to expand its operations in India. We chose Pune as it gives us an opportunity to be present right at the centre of India’s auto, it is home to world’s second largest two-wheeler manufacturer, the world’s largest forging company & many other leading auto manufacturers such as Tata Motors, Daimler Chrysler, General Motors, Force Motors etc. Pune is also home to two very prominent automotive research labs, namely Automotive Research Association of India (ARAI) & Central Institute of Road Transport (CIRT).
ZF Lenksysteme lists some of the Indian auto manufacturers in the country like Tata Motors, Volvo-Eicher Commercial vehicles, Ashok Leyland, Volvo India, Diamler India Commercial Vehicles Limited and Force Motors among others. The plant will help ZF Lenksysteme increase its footprint in India. Also, the company has booked 70 per cent order of total capacity for passenger cars and 60 per cent for commercial vehicles.
Ronaldo Alves, CEO, ZF Lenksysteme India Pvt. Ltd. said, "We have already established our presence in the Indian Automobile industry through our products and constant endeavour for innovation.
source: Business Standard (http://www.business-standard.com/india/news/zf-setssteering-system-manufacturing-plant-in-pune/472685/)
April 28th, 2012, 10:03 PM
Piaggio opens production line near Pune
Italian scooter-maker Piaggio said it will invest €20 million in its India unit and is looking at launching three and four-wheelers in light commercial vehicles (LCVs) space, along with more models of scooters and motorcycles here.
Piaggio Vehicles, a wholly-owned subsidiary of Piaggio Group, inaugurated its latest facility to roll out the world famous Vespa scooters.
“The investment at Baramati is part of our strategic plan, which sees this market as a significant destination in our growth trajectory.
We have planned investment of 50 million euros of which we have already invested 30 million euros in the Baramati plant. We will invest another €20 million in this plant to double the capacity to 3,00,000 units by mid-2013,” Piaggio Group Chairman & CEO Roberto Colaninno said.
The Italian parent has transferred the latest generation products and manufacuring technologies to the Indian plant.
“Going forward we are looking at increasing our product range in scooters and motorcycles to meet the growing demand for two-wheelers here. We are also evaluating the possibilities to launch 3-4 wheeled LCVs and the products will be customised for this market,” Colaninno said.
The domestic unit will also manufacture 1,000-cc plus engines for Indian as well as European markets, he added.
As part of testing this market, Piaggio has already started importing its super bikes from Italy and sold 25 vehicles in the country so far, Piaggio Vehicles India CMD Ravi Chopra said.
The plant here will have an initial annual capacity of 1,50,000 Vespa scooters and the peak monthly capacity will be reached in the Q4 of 2013, Chopra said. The company directly employs over 3,000 and a larger number indirectly, to support its operations.
May 4th, 2012, 04:17 PM
Hyderabad, May 4 (IANS) Steelcase Inc., the global leader in office furniture industry, is setting up a manufacturing facility in Pune as it expands its presence in the Indian market.
The facility, which is slated to become operational in September will initially be an assembly unit as the company will continue to import the raw materials. The 50,000 square feet facility will produce 15 products in the categories of seating and systems, the company officials said here Friday while opening Steelcase Worklife, the first store in Hyderabad and the fourth in India.
Uli Gwinner, president, Steelcase Asia Pacific, told reporters that the Pune plant would be the 26th manufacturing facility in the world and the third in Asia after China and Malaysia.
Steelcase, which has its presence in India for eight years, already has its stores in Mumbai, Delhi, Bangalore.
"We have a roadmap to increase our footprint in India," he said but declined to give numbers of stores the company plans to open or the investment made in Pune plant.
"It is proud moment for us especially as 2012 marks 100th year of Steelcase," he said. The US-based company is the world's largest office furniture company, offering a comprehensive portfolio of workplace products covering three segments of seating, systems and technology," he said.
As it is a business to business firm, it is targeting the cities which have sizeable population of multi-national companies.
The Indian furniture market is estimated to be $1 billion but we are targeting the high-end market which is $150 million to $200 million, said Praveen Rawal, country manager, Steelcase India.
The Steelcase products in seating segment cost anywhere between Rs.12,000 to Rs.60,000 and in systems and technology between Rs.10 lakh to Rs.40 lakh.
Its products include think and leap task chairs, manifesto workplace system, i2i chair and media: scape which are designed to support collaboration and team work.
Steelcase, which has its headquarters in Grand Rapids, Michigan, US, had global revenues of $2.75 billion during 2011.
May 7th, 2012, 10:17 PM
Tensilica's India facility gets expansion, to hire more employees
Tensilica Inc. has expanded its R&D centre in Pune, India. The research and development unit has now transferred to a new building, which is twice the size of its original facility. The company is now looking into doubling the workforce of the centre by at least 50 per cent.
According to Tensilica, over the past six years, employees at its Pune R&D centre have become essential developers of Tensilica's dataplane processors (DPUs), which are used by chip designers to perform complex signal processing tasks, such as audio and base band processing.
"The engineers in our Pune design centre are an integral part of our R&D team, and they've tackled some of the most demanding projects," stated Jack Guedj, Tensilica's president and CEO. "We've asked them to take on several challenges and they've proven they have the background to do an excellent job in many engineering areas."
Some of the projects Tensilica engineers have been working on in Pune include: audio and speech codecs for Tensilica's HiFi audio digital signal processors (DSPs), libraries, design verification, application engineering, and the integrated development environment (IDE) for Tensilica's DPUs.
"I'm extremely proud of the team we've assembled here in Pune," stated Subodh Shukla, director of the Pune R&D centre. "We've been able to hire some of the top talent from across India because we can offer engineers the opportunity to grow and learn about leading edge processor/DSP architecture and chip design."
May 7th, 2012, 10:26 PM
US-based Icertis to double staff at Pune R&D centre
Icertis, the global technology company headquartered in Bellevue, USA, which has launched its new contract lifecycle management product (ICLM) for the Indian market, is investing $10 million (Rs 50 crore) and double its manpower at its research and development centre in Pune, a top official said.
“The ICLM on Microsoft’s Windows Azure platform is a path breaking solution delivering significantly efficiency in the contracting process at a lower cost, with increased compliance and lower risk,” Samir Bodas, co-founder and COO at Icertis, said.
He said the ICLM dramatically increases productivity and connects the entire extended enterprise by quickly bringing the entire contract lifecycle to the cloud. “It is easy to use and makes the contract lifecycle available on all devises, including smartphones and tablets,” Bodas said.
He said with most firms using manual or Excel-based processes, there is huge potential to automate the contract management process for big companies, especially with global businesses. “A cloud-based solution therefore is ideal as it reduces high cost and deployment time,” Bodas said.
“We are very bullish about the cloud computing market in India, which is one of the fastest growing in the world, which is why we have first launched this product here and it will be unveiled in the US market next week,” Bodas said.
According to him, the company’s pipeline in India is extremely robust. “We are extremely positive on the immense market potential for cloud-based solutions in banking, financial services and insurance, telecom and manufacturing sectors as the high growth verticals,” he said. Bodas said to tap the growing Indian market, the firm was doubling its headcount from 140 at the research and development centre at Pune to 300 people by December 2012. “We plan to invest a total of $10 million over the next two years in R&D,” Bodas said.
Anand Veerkar, executive VP, global sales at Icertis said the server licence for the product depending on the number of staff using it will cost between Rs 50 lakh and Rs 1 crore per annum. It competes with SAP and Oracle but Bodas said most established ERP vendors offer solutions, which are hard to use, deploy and customise.
Icertis has already bagged two high profile clients such as Microsoft and ICICI Bank. “We have deployed the product globally, including in India with great user adoption. This is one of the largest Azure-based implementations within Microsoft,” Michel Gahard, associate general counsel, Microsoft, told Financial Chronicle. He said as a global business Microsoft manages and executes hundreds of thousands of contracts annually, and it needed a solution that was scalable, easy to use and readily customisable to its unique processes.
Similarly, India’s largest private sector bank, ICICI Bank deals with massive contract volumes, leading to huge contract administration costs. “The ICLM product will enable significant cost reduction, as well as ensure compliance,” Avinash Umapathy, deputy general manager at ICICI Bank said.
May 7th, 2012, 10:27 PM
Red Hat opens R&D centers in Pune and Bangalore
Red Hat, among the world's leading open source solutions provider announced the setting up of it's largest engineering facility outside North America in Pune today. The company also launched another 'Engineering Center of Excellence' in Bangalore, reiterating its commitment to the Asia-Pacific region.
Speaking at the inauguration ceremony in Pune, Paul Cormier, executive vice president, products and technologies, Red Hat, said, "Innovative product development and engineering services are the cornerstone of any company with global aspirations and we expect the current expansion to further Red Hat's goal to lead the way in innovative collaboration and open source technology development locally, regionally and globally."
The Pune facility, which is spread over 50,000 sq ft will serve to incubate, support and sustain local talent.
"2012 is the year of the developer for Red Hat and with a growing number of developers coming from India, Red Hat brought several notable global developer events to APAC - Fedora Users and Developers' Conference (FUDCon) in November 2011 in Pune and JBoss User and Developers Conference (JUDCon) in January 2012 in Bangalore," said Anuj Kumar, general manager, Red Hat India.
"With our new facilities and events like this, we hope to continue showing our commitment to developers throughout the APAC region."
There has been growing market interest across the region in open source technologies, which has led to the company significantly expanding its presence in the region. The engineering team in India works closely with local educational institutions, research bodies, and agencies involved in formulating standards and to support the proliferation and adoption of open standards in interactions.
May 8th, 2012, 07:44 PM
Courion to Double Team in India by End of Year
Pune, Maharashtra, India : Courion Corporation, the leader in identity and access management for access risk, held a press conference today announcing its plans for expansion in India at their Pune office. In response to the company’s global growth and rapid market adoption of identity and access management (IAM) technology, the company plans to significantly expand its staff in 2012.
At the press conference Dave Fowler, Chief Operating Officer at Courion Corporation said, “Identity and access management market growth has presented the opportunity for Courion to leverage talent in India to build a global organisation. The successful hiring and unprecedented retention we have experience already reinforces the rich talent pool available, which will continue to be an asset to Courion as we grow.”
Courion is looking for candidates who are technically strong, inquisitive and have a passion to learn new things on the job. This is critical to their success because Courion keeps innovating. Newly appointed candidates have an initial training period, but very soon they are put into the mainstream work so they get exposed to the Courion’s leading edge security technology and products very quickly. This provides a faster learning process for new employees. Courion finds it extremely important to make sure that new hires are properly ramped up and trained. Additionally, Courion plans to launch an internship program for college students and recent graduates who are interested in learning more about working for a cutting-edge technology company.
Shishir Khedkar, Director of India Operations for Courion said, “What’s exciting about Courion’s expansion in India at the Pune office is that oftentimes candidates are looking for a job and what Courion offers is a career. The company offers growth in responsibility, the opportunity to learn new technology and develop domain expertise in a market that will only become larger and more complex.”
He further said, “We want candidates who will solve complicated problems that they have not come across before. We’ll work with University of Pune and other local universities to identify talent that will match the Courion culture and its educational requirements. Courion is doing something radical and we need folks who can think creatively and solve problems that we may encounter during this journey.”
Courion opened its India Technology Centre, Courion IT Private Ltd, in June 2009 to complement its US-based research, development, professional services and customer support capabilities.
May 9th, 2012, 01:22 PM
City to be hub for naval warfare systems soon
With an initial investment of Rs 100 crore, the 74:26 joint venture between Mahindra and Mahindra Ltd and Israeli major Rafael Advanced Defence Systems will lead to setting up of a 4-5 acre naval warfare systems manufacturing facility in the city. The JV is expected to be operational by July. Once fully operational by financial year 2013-14, it is expected to reach an annual turnover of about Rs 200- 250 crore from the development of naval systems.
The JV aims at expanding the portfolio of Mahindra's already existing Naval Systems Facility towards developing critical and sophisticated naval systems.
In an exclusive interview with The Indian Express, Brigadier (retd) Khutub Hai, chief executive, Mahindra Defence Systems said, "The Naval Systems Facility is a separate company, fully owned subsidy of Mahindra. We have been looking around for an international partner for a strategic venture in naval systems. Last year, we finalised the talks with Rafael. The MoU was signed in March. We have applied to the Foreign Investment Promotion Board (FIPB) for approval which should materialise in about a couple of weeks. Rafael will invest 26 per cent of the initial investment and then it will be a JV."
The JV is expected to expand the existing portfolio of the Naval Systems Facility from sea mines and the company's legacy - Anti Torpedo Defence System (ATDS) - to more sophisticated ATDS for submarine and surface ship besides electronic warfare (EW) systems. "It is a high-technology driven system and requirements are likely to come up for the Indian Navy soon. We want to position ourselves as one of the leading suppliers of this system. We are also working on a range of naval EW systems. Rafael will bring in Unmanned Surface Vehicle. In Phase I, we will focus on a range of naval warfare systems besides our own legacy product. In the second phase, if we are selected by the MoD for manufacturing Future Infantry Combat Vehicle (FICV), some products from Rafael such as remote controlled weapon station, active protections system will also come to the JV," said Hai.
The JV will transform the current facility of the Naval Systems Division from existing 31,000 sq feet rented location in Chinchwad to an all new facility likely to be spread over 4-5 acres with a shop-floor of about 40,000 sq feet in the first phase. The exact location is yet to be finalised.
May 11th, 2012, 12:26 AM
Pune logs $800 m PE funding
Pune happens to be a favoured destination for real estate private equity funds since foreign direct investment was opened up for real estate in 2005.
Most of the funds are based out of Mumbai, which gave Pune obvious preference, as its close proximity allows easy tracking and monitoring of the market and their investments. Further, Pune is among the most rapidly growing cities in India after Mumbai, NCR and Bangalore, said Mr Sameer Gholve, Manager - Capital Markets, Jones Lang LaSalle India.
The total flow of PE funds into Pune up to December 2011 was about $800 million. This consists of both foreign and domestic monies through 32 major transactions over the last five years. The year 2009 saw the lowest flow of private equity funds into the city, though Investors regained confidence in 2010.
Sixty one per cent of the total private equity flows were into residential projects in East Pune. East Pune has the majority of the city's IT industry developments such as Magarpatta Cyber City in Hadapsar, EON IT Park in Kharadi, CommerZone in Yerawada and Weikefield IT Park on Nagar Road, he said.
The development in IT has had a major spin-off effect on the profile of these areas. The higher spending power and commensurate aspirations of the people working in these establishments has led to massive malls coming up in the locality and in turn generated a huge demand for quality residential projects, he added.
May 11th, 2012, 07:31 AM
VW group to invest Rs. 2,000 cr in India
New Delhi: Volkswagen AG, the world’s third largest car maker, plans to invest at least $379 million (Rs. 2,000 crore) in India to boost its share in Asia’s second fastest growing car market, according to a commerce ministry statement.
“This is a group investment, which will be done in this year,” John Chacko, Volkswagen Group’s chief representative in India and its president and managing director, said on Thursday, confirming the development. “Majority of it will be utilized at expanding our capacity at our plants in Aurangabad and Pune plants, and product planning.”
Volkswagen can produce 1.6 million units a year in India at its two plants in Maharashtra.
Part of the proposed investments will be used to expand and strengthen the car maker’s after-sales network and training facilities, Chacko said, adding that the firm does not plan to build another plant immediately.
The firm wants to introduce in India a smaller car than its Polo hatchback or Fabia compact, which is sold under the Skoda brand, a unit of Volkswagen. The auto maker is in talks with its top executives in Germany. A decision is likely to be taken by the end of this year, Chacko had said in an interview in March.
“I would love to bring Up! here, if it was feasible. Everybody has said make it feasible (for the Indian market). But it is not feasible yet,” he had said. “We did change Polo (for India) a bit and nobody notices it. But we have. So why not do it for Up!. We are working to try and make it feasible for India. I would like to have a decision by the end of this year, because it takes time to introduce a product like that.”
The firm’s plans are in line with its intent to stay in India for the long term, said Mahantesh Sabarad, an analyst at Fortune Equity Brokers India Ltd. “I don’t think they would be making money in India yet,” he said. “This is because their volumes are insufficient to break even.”
Trade minister Anand Sharma, who is in Germany to celebrate the 60th anniversary of establishment of diplomatic ties between India and Germany, said in a note that about 600 Indo-German joint ventures operate in India. “FDI (foreign direct investments) inflows from Germany into India are around $4.55 billion and it ranks eighth among investors in India,” he said.
Volkswagen, which has been operating in India for more than 10 years and has introduced Audi, Skoda and Volkswagen brands, does not sell low-cost small cars that account for about 65% of the local car market.
While its flagship Volkswagen has more than doubled its market share in the country to over 3% in 2011, Audi has surpassed Mercedes-Benz to become the second largest selling luxury car brand. In comparison, Skoda has underperformed. In small cars, Volkswagen’s Polo competes with Maruti Suzuki’s Swift and Hyundai’s i20, while in sedans, its Vento is pitched against Hyundai’s Verna and Honda’s City.
May 17th, 2012, 08:38 PM
Bridgestone to commission Chakan plant early next year
Tyre maker Bridgestone India will commission its new Greenfield plant at Chakan in Maharashtra by early next year. This will help the company increase the market share in the country.
A subsidiary of Japanese tyre-manufacturing major, Bridgestone is investing Rs 2,600 crore in the new facility for radial tyres for use in passenger cars, trucks and buses.
The company had acquired land from the Maharashtra Industries development authority near Pune. “This will compliment the company's existing manufacturing base located at Kheda in Madhya Pradesh,” Mr Manoj Sinha, DGM (East), Bridgestone India, said.
The company had decided to locate the unit near the Pune automotive hub to directly serve them from the new manufacturing base.
Speaking to Business Line after the launch of their 259 Bridgestone Select Stores in the country in Andhra Pradesh, Mr Sinha said the demand for tyres has gone up gradually as the automotive industry is witness to growth over the past few years.
“Whatever we make is absorbed immediately in the market. We are feeling the pressure of supplies and in meeting the growing market demand. Therefore, this plant will play a big role in the tyre industry in the country,” he said.
The demand from both the original equipment manufactures and the replacement market has gone up. In a short time, Bridgestone has garnered a share of over 27 per cent.
May 18th, 2012, 11:18 PM
Decision on non-starter SEZs will help Pune, Mumbai: Chavan
Chief Minister Prithviraj Chavan on Friday said the decision to change the status of Special Economic Zones that failed to take off to local industrial parks might help bring in investment in the state. This would benefit “land crunch” areas of Pune and Mumbai where a number of SEZs were proposed, he said.
Asked about investors pulling out of SEZs, he said that the Centre has changed the tax structure and it was difficult to make changes at the state-level.
“I am talking with the departments to get the lands denotified so that they can be used for local industrial parks,’’ said Chavan.
He said many investors wanted to back out of the SEZs due to the tax burden and the state was preparing an exit policy for SEZ developers. The exit option will free up a lot of land for investments, especially around Mumbai and Pune where there is otherwise an acute shortage of land, he said.
Chavan has had discussions with the Union finance and commerce ministers on tax-free regime for SEZs. “However since it is a Centre’s decision, it is going to take time. The promoters were shying away from the plans due to tax burdens they forsee.”
May 22nd, 2012, 09:44 PM
IT firm Pitney Bowes sets up center for R&D in Pune
US based IT firm Pitney Bowes Inc has set up a research and development center in Pune which will focus on research and development for its global portfolio, including a digital mailbox solution Volly.
This is company's second centre in India followed by Noida.
The center will allow Pitney Bowes Inc. to expand capacity for local and global business demands.
There are around 200 employees working for this facility in Pune.
Commenting on this, Manish Choudhary, managing director, Pitney Bowes Software India said, "Pune has a strong talent pool and is a mature software product development destination.
It boasts of 12 per cent of Software Product Development headcount in India, is an education and research hub and this is one of the main reasons why we chose to set up our second R&D Centre here.
With the opening of Pune centre, we hope to incubate, sustain and support local talent and maintain high quality of contributions and value to Pitney Bowes globally."
Pitney Bowes Software has been present in India since 2007, and is headquartered in Noida.
It offers location intelligence, data management, customer communication management, and predictive analytics solutions.
With Pitney Bowes India, more than 600 employees working across business units.
June 8th, 2012, 08:44 AM
Schmersal lays foundation of factory at Ranjangaon
Die Schmersal Gruppe hat den Grundstein für ihre sechste Produktionsstätte gelegt. In Ranjangaon bei Pune/Indien wird auf einem 20 000 qm großen Grundstück ein Werk mit knapp 4000 qm Produktions-und Lagerfläche errichtet, das Sicherheits-Schaltgeräte und Aufzugschaltgeräte für den indischen Markt herstellt. Das Werk wird im Frühjahr 2013 die Produktion aufnehmen.
Die Schmersal Gruppe ist seit 2007 mit einer eigenen Tochtergesellschaft in Indien präsent und übernahm damit eine Pionierposition im anspruchsvollen Markt der Maschinensicherheit. Schmersal investiert umgerechnet rund 8,7 Mio. Euro in die neue Produktionsstätte, die anfangs etwa 25 Mitarbeiter beschäftigen wird. Im zweiten Jahr soll diese Anzahl schon verdoppelt werden.
Parallel dazu wird der Vertrieb in Indien weiter ausgebaut. Philip Schmersal, Geschäftsführer der Schmersal Gruppe: »Wir werden in fünf bis sechs weiteren Städten Vertriebsbüros eröffnen und unser lokales Händlernetzwerk, das zurzeit rund 20 Partner umfasst, erweitern. Auch durch Dienstleistungen wie die Beratung in Fragen der Maschinensicherheit, werden wir neue Kundengruppen erschließen und die Bindung zu den bestehenden Kunden intensivieren
The Schmersal group has laid the foundation of a plant at Ranjangaon totalling 20,000 sq. m. with around 4000 sq. m. production and storage area. The plant will come into operation in 2013. The Schmersal group is present in India since 2007 and has the pioneering position in machine security. Schmersal is investing around 8.7 million Euros and would employ 25 people at start.
June 11th, 2012, 12:00 PM
Continental expands manufacturing unit
Automotive supplier Continental has announced the expansion of its manufacturing and validation facility in India.
The company has set up a new test and validation lab for fuel supply systems at its Bangalore development centre. Two product lines for fuel rail assembly and in-tank fuel pumps are also being inaugurated at the Pune facility.
The company in a release said that the Pune plant expansion will result in the production of one million additional units of fuel rail injectors and fuel pumps.
Dr Markus Distelhoff, Executive Vice-President, Business Unit, Fuel Supply at Continental AG, said: “We are witnessing a huge traction for our Powertrain systems and technologies in India and we have been working on the Indianisation of these solutions tailor-made for Indian OEMs over the past few years. The current investments will definitely help us in meeting the increased customer demand.’’
June 14th, 2012, 04:46 PM
In line with its strategy to expand the company’s industrial footprint in India, Royal Philips Electronics today announced commencement of operations at its first greenfield manufacturing facility for imaging systems in the country. Located in Chakan, near Pune, 200 kilometers east of Mumbai, the Philips Development and Manufacturing Centre will play an essential role in Philips’ commitment to locally develop and produce meaningful products and solutions that help improve access to healthcare for people in India and other growth geographies.
With this multimillion Euro investment, Philips has reinforced and optimised its production capacity in India. The facility will focus on diagnostic and interventional imaging solutions, initially developed for the Indian market and then for global markets. These solutions will primarily target cardiology (catheterisation lab) and radiology (general X-ray) applications.
The first products to be manufactured in the facility will be diagnostic X-Ray systems and the Allura FC – Philips’ first India developed catheterisation lab. The Allura FC is used in the diagnosis and minimally-invasive treatment of cardiovascular disease, one of the leading causes of death in India. Both products are aimed at the value segment in India and abroad.
According to Rajeev Chopra, managing director and vice chairman, Philips India, “This plant is an example of how Philips can combine its technology strengths and market knowledge to manufacture products for a healthier India. The Pune facility is producing X-ray and cath-lab equipment backed by Philips quality that is affordable for tier-two and tier-three towns and rural markets.”
The Pune facility was specifically designed with manufacturing flexibility in mind so that it can quickly adapt to changing market and product needs. Many of the products and components developed in Pune can also serve the needs of mature markets looking to replace or upgrade entry-level diagnostic devices.
Gene Saragnese, CEO, Imaging Systems at Philips Healthcare said, “The opening of the Pune manufacturing facility is further proof of Philips’ commitment to innovation in India. In order to make a difference in this market, we need local expertise, low-cost manufacturing capacity and close relationships with our customers. Equally exciting, several demanding customers in global markets are already using our ‘designed and made in India’ products, and the feedback is very positive.”
Philips conducted in-depth research to understand the on-the-ground requirements in India and worked closely with healthcare partners to gain better insight into their ‘made in India’ needs. This research indicated that several factors, including low operating costs, energy-efficiency, easy serviceability and support for high patient volumes, are critical to increasing healthcare access in India and thereby improving patient outcomes. The Pune facility will deliver this type of ‘designed for India’ product, enabling healthcare providers in the country to provide care to those communities who have not had access to high-quality healthcare in the past.
June 15th, 2012, 05:26 PM
NEW DELHI: GE India today said it would invest nearly Rs 1,100 crore (USD 200 million) to set up a new manufacturing facility in Pune for developing products for the energy sector.
"GE India announced that its new manufacturing unit would develop localised products and solutions for the energy sector in its first phase of operation commencing in 2013," the company said in a statement.
The Government of Maharashtra and GE have signed an MoU for the upcoming manufacturing site which is located at MIDC Industrial Park at Chakan, Phase II, Pune, it said.
"We are confident that such initiatives will strengthen the manufacturing sector in India and enhance growth," Prithviraj Chavan, Chief Minister of Maharashtra said.
"Our new manufacturing facility aligns well with the Government's objective of strengthening manufacturing and overall infrastructure of the country," John Flannery, President & CEO, GE India said in the statement.
GE, which already has a wind turbine assembly unit in Pune, will invest a cumulative amount of USD 200 million in building this multi-modal, large scale facility, the statement added.
The focus on manufacturing is in line with the need for localised products and solutions suited to Indian customers across GE's various businesses present in the country.
The facility, to begin with, will focus on Energy products and technologies driven by the industry needs for power generation, transmission and distribution as well as measurement and control.
The site will enable assembly and production support for any GE business that needs local manufacturing capability in India, it further added.
June 21st, 2012, 05:49 PM
Faurecia opens new unit in Pune
French auto components maker Faurecia has inaugurated a new, expanded R&D facility in Pune for automotive interior systems, automotive seating and auto exteriors, three of its four business groups.
Designed to accommodate 800 engineers, the tech centre is a fully integrated facility that can work on product design to validation for the three groups in which it is present in India.
Mr Christophe Schmitt, Executive Vice President, Faurecia Interior Systems, said that the company aims to develop products that are high on safety, quality and comfort at this centre.
This is Faurecia’s second centre in India after Bangalore where emission control technologies are developed. The company also has nine manufacturing plants in the country.
June 27th, 2012, 03:58 PM
UK-based NRI to set up steel modular building factory in Pune
A London-based NRI-led company will set up the world’s largest steel modular building factory at Indapur in Maharashtra at a cost of Rs 100 crore.
Chairman of Modulex Modular Buildings Plc, UK, Mr Suchit Punnose, made the announcement at a function held here last night in the presence of Mr Harshavardhan Patil, Maharashtra’s Minister for Co-operation and Parliamentary Affairs, who is also an MLA from Indapur.
Mr Punnose said the factory would be built at a cost of Rs 100 crore and production would start in March next.
Mr Patil said, “All support will be extended to the project, which is expected to provide employment for over 900 people.”
He said the State Government has already sanctioned 40 acres and may consider sanctioning another 30 acres for the project.
Mr Patil, who visited modular buildings in London, said India needs the technology to support infrastructure and economic growth.
Modulex’s technology produces high quality buildings at a fixed cost and time guarantee, Mr Punnose said.
“The factory will have four production lines with an annual capacity of 2 million sq ft, operating on an 8-hour shift five days a week for 11 months,” he said.
This equates to twenty 100-room hotels plus a 1,000 residential or office buildings of 1,000 sq ft each, or accommodation for 2,000 hospital beds, he added.
The factory will be situated on a 40-acre site in Indapur MIDC Industrial Estate, Pune district, 280 km from Mumbai.
“The design, the logistics and the technology compatibility studies have been completed, the land has been acquired, planning and all necessary permissions have been received, debt syndication has been finalised and now ground preparation has started,” Mr Punnose said.
On the technology use and benefits, he said hotels, schools, hospitals, commercial offices, residential buildings, military accommodation and railway stations can be built very quickly with minimum disruption on site.
For example, he said, a 100-room hotel can be constructed in 24 weeks using the technology, with 90 per cent of the work being completed offsite and just 10 per cent onsite.
The cost of modular buildings is the same as traditional buildings and can be built to any design required.
Buildings can be as high as 22 floors, Mr Punnose said.
He said many hotels such as Premier Inns, Travelodges and Days Inns have been built using this technology in the UK. As many as 440 McDonalds restaurants were rolled out in the UK by the management team now employed by Modulex, Mr Punnose said.
June 28th, 2012, 10:30 AM
Geometric expands operations in Pune
Geometric, a leader in Product Lifecycle Management (PLM), Global Engineering Services, and Offshore Product Development (OPD) solutions and technologies, announced the opening of a new delivery centre at the Blue Ridge SEZ in Hinjewadi Phase I, Pune. The company plans to use this 300-seater facility to cater to new projects and businesses. This facility will add to the already significant presence of Geometric in Pune; Geometric has its largest delivery centre in the Hinjewadi Phase II, and its joint venture company, 3DPLM Software Solutions in Hinjewadi Phase
July 4th, 2012, 05:32 PM
Mahindra inaugurates two-wheeler R&D centre to launch 3 bikes
Mahindra 2 Wheelers today inaugurated its two-wheeler research and development centre at Pune that was set up at an investment of Rs 100 crore.
From the centre, the company unveiled two indigenously developed engines -- a 110 cc and a 300 cc liquid cooled one.
The company also announced to launch three new motorcycles during this financial year.
"The new dedicated facility will enable us to harness the technology of the future to create tomorrow's products. It will allow us to design in India, for the discerning Indian consumer," Mahindra Group Vice-Chairman and MD Anand Mahindra said in a statement.
The R&D centre, recognised by Department of Science and Industrial Research (DSIR), will enable Mahindra 2 Wheelers to undertake in-house design and development of engine technology for its motorcycles, the company said.
"Home to over 175 engineers and designers, the new Mahindra 2 Wheelers R&D facility was created at an investment of about Rs 100 crore and has two-wheeler experts, who are leading various technology and product development projects," it added.
The new Duro DZ and the recently launched Rodeo RZ with the new 'Z' series engine were developed at this facility, the company said.
Commenting on new products, Mahindra 2 Wheelers President Anoop Mathur said: "I am also happy to announce that Mahindra 2 Wheelers is set to launch three new motorcycles in this financial year."
July 4th, 2012, 05:34 PM
Italy car parts maker Sogefi adds capacity in India
Italian auto parts maker Sogefi Group is adding new manufacturing capacity in India to increase the share of its Indian revenues to 5 percent of total group sales in the next five years from a current 1.2 percent, it said on Wednesday.
"The consolidation of our presence in India and the new investments we plan to make in China will make Sogefi an increasingly global supplier able to provide manufacturers with the most advanced technologies in the main markets they operate in," said Sogefi Chief Executive Emanuele Bosio in a statement.
Sogefi said on Wednesday it opened a new suspension components plant in Pune, India, and that it is doubling the size of its filter factory in the Bangalore area in tandem with its joint venture partner MNR.
Sogefi's total investment in India is about 10 million euros, it said, with a total of three plants and over 500 employees.
Sogefi, controlled by holding company CIR , has 44 plants in 16 countries.
Total group revenue in 2011 was 1.16 billion euros, up 25.3 percent year-on-year.
The new Pune plant will supply Tata , Mahindra , Fiat and Piaggio .
The company said that "in the near future" it will add General Motors , Ford and Renault-Nissan to its client list, as the Indian and Asian markets boom.
July 9th, 2012, 03:00 AM
City to get lab for enforcement of wine law
The city-based Indian Grape Processing Board (IGPB) plans to set up a high-tech wine analysis laboratory in the city, with a view to enforce the latest wine legislation that will come into force across the country. The proposed laboratory will be in line with latest international standards and all wineries will have to obtain a certificate of compliance from it. The estimated cost of the lab is Rs 10 crore.
Rajiv Seth, chairman of IGPB's oenology committee, said, "All wineries will have to obtain a certificate of compliance from the lab. Basically, this certificate will prove that the wine is produced according to the approved procedures for wine-making (oenological practices) and meets the requirements for wine to be placed in the market for human consumption. Practically, it means that the wineries will have to obtain a number of analytical tests reports like the total dry extract, total acidity, volatile acid content, citric acid content, total sulphur dioxide content and actual alcoholic strength by volume of wines."
Seth added that if a winery fails to comply with the wine laws, the IGPB, as the regulatory body, will initiate legal proceedings against the offenders and will ensure the licenses of such wineries are cancelled. He added that all wines in the country will be tested at the lab. "A sample from each lot produced will have to be sent to the lab for testing," said Seth.
IGPB chairman Jagdish Holkar, who is also the president of the All-India Wine Producers Association, said, "The lab will be part of an institute the IGPB is planning to set up here. The analytical lab will basically
be a 'wine chromatography lab' and will involve wine analysis using various processes such as gas chromatography and mass spectrometry, among others, helping us identify the contents of a wine. This will help in evaluating whether a wine meets the global standards."
The lab will not only help in wine analysis, but will also be used to undertake research in the field of viticulture, which is the science, production and study of grapes, dealing with the series of events that occur in the vineyard. "The lab will be used for soil, water and vine analysis, among other aspects of the 'terroir'. 'Terroir' is the complete natural environment in which a particular wine is produced, including factors such as the soil, topography, and climate. The kind of grapes and wine a region produces depends on its 'terroir', which also includes the sunshine in the region throughout the year, humidity, moisture content, atmospheric gases, wind flow, altitude at which the grapes grow, soil and the like," said Holkar.
Wines, once tested at the lab, will also have to go through the process of physical tasting. "Whatever wine will be produced in the country will have to be approved by the lab, receiving a 'quality acknowledgement' from it," he said.
The IGPB has prepared a report on the institute which will contain the lab and will soon share the same with key people from the government and the wine industry.
July 9th, 2012, 03:02 AM
Industry turns gaze, money towards research facilities
A motorcycle manufacturing company, that has its Research and Development (R&D) wing in Pune, has come up with a triple spark engine to give its bike better mileage.
* A water heater manufacturer claims its R&D facility has helped develop a product that allows people to set time and temperature at which they need hot water.
These innovations, touted as world class, have one thing in common: they have come from the R&D facilities of these firms in Pune.
Companies are not only setting up their R&D facilities here, but also spending huge sums — from 0.5 to 1 per cent of the turnover, which goes up to Rs 150 crore annually — on the existing R&D facilities in the city.
During the 2011-12 financial year, Bajaj Auto spent Rs 155.5 crore on R&D, as against Rs 124 crore in the previous year. This was 0.83 and 0.78 per cent of the total turnover of the company in the two years. Likewise, during 2011-12, Kirloskar Oil Engines (KOEL) invested Rs 30 crore (1.3 per cent of the company turnover) in R&D.
Companies are not only making dedicated capital expenditure to upgrade their R&D facilities, but also creating new facilities to improve products and services.
Oerlikon Balzer, a Swiss company, recently set up its R&D facility in Pune for its coating business. “Coating increases the life and efficiency of products. With the research facility, we will be able to understand how we can improve on the existing coating technologies,” said A V Badve, chairman emeritus and member, management board, Oerlikon Balzers.
This month, Mahindra 2 Wheelers inaugrated its Rs 100-crore R&D centre at Chinchwad. Last month, the French engineering solutions provider, Faurecia, set up its Rs 110-crore R & D centre in Bhosari.
Companies are also rolling out new products from their research facilities. Managing director of Racold, Mathew Job, said, “Two new products — Eterno DG and Eterno 3 — are advanced versions of water heaters. Not only do they use super polymer coating for resistance against the rust, but also a new heating element in Eterno 3 heats up water faster.”
The triple spark engine of Bajaj Pulsar 200NS increases mileage while features like underbelly exhaust and liquid cooling system are meant to improve the bike’s efficiency, say company officials.
July 24th, 2012, 07:02 PM
NEW DELHI, JULY 22:
Global technology firm Pitney Bowes is strengthening its research and development activities by setting up a second facility in the country at Pune, where it plans to hire about 200 people in the next few years.
The company already has its largest global R&D facility (outside of North America) at Noida with 600 staff.
The new centre will focus on development of Pitney Bowes’ global portfolio of solutions, including Volly (a digital mailbox solution) as well as other innovations.
“In line with our global strategy of shifting from a hardware approach to becoming a digital solutions based firm, the new centre assumes significance. The Pune team will ensure seamless delivery of Volly to global customers,” Pitney Bowes Software President and CEO Mr John O’Hara told PTI.
Volly has already been selected by Australia Post and is expected to be rolled out later this year. Using Volly, consumers will be able to receive, view, organise, manage, pay and store bills, statements and other content from the companies like banks and retailers that they do business with.
The service consolidates information from multiple providers, reducing the consumer’s need to visit multiple websites or send physical checks through the mail, while ensuring security of data.
Mr O’Hara said discussions are on with enterprises globally for roll-out in other parts of the world as well.
“We expect the current expansion to further our goal to lead the way in customer communication technology locally, regionally and globally. India is a strategic market for us and we expect to employ over 200 employees over the next two years,” Pitney Bowes Software India Managing Director Mr Manish Choudhary said.
Last year, the company had said it plans to invest Rs 400 crore over the next three years in India to strengthen its product development centre, and sales and marketing team in the country.
Pitney Bowes is a postage and mailing solution provider. Its focus on verticals include telecom and banking and financial services.
“We are actively targeting the BFSI and public sector enterprises in India and the region. This investment will help us create and deliver solutions to existing and potential customers in the region,” Mr O’Hara said.
Pitney Bowes has been present in India since 2007 and is headquartered in Noida, which is its largest R&D facility outside of North America. It has four other R&D centres across the globe with a total head-count of 600 people.
July 24th, 2012, 07:04 PM
Pune has emerged the new semiconductor design and R&D hub of India for global companies, and an alternative location to Bangalore that is home to the majority of these companies. With attrition on the rise in Bangalore, companies keen on multiple locations are expanding to other cities. The abundant talent in Pune is attracting semiconductor R&D companies to head for Pune, where 5,000 electronic engineers come up every year.
Pune is the fastest growing destination for semiconductor companies, says Santhanakrishnan Raman, MD, LSI India Research & Development Pvt Ltd. LSI has a base in Bangalore and has set up a centre in Pune. One-third of the LSI team is based here.
“Talent is the only ingredient needed for this industry and that is not easily available. So you go where the talent is,” says Raman on the emergence of Pune.
Another semiconductor design company, Applied Micro has one-third of its global design team based in India at Pune, says Pradeep Dharane, MD of Applied Micro. Nvidia has a large R&D team doing critical work out of their centre. Marvell Semiconductors, Imagination, Qlogic, eInfochips, MindTree, Open Silicon, Tensilica, Wirpo, Sasken are there and now Intel has joined the list. There are 20 companies just doing VLSI (very large scale integration) work. VLSI enables creation of integrated circuits with millions and billions of transistors.
This industry is present in select pockets in India. Besides Bangalore they have a presence in Pune and Noida. Hyderabad has stagnated. Most of these companies are captives of global companies but as the ecosystem grows the number of homegrown start-ups are growing. At present, about 15-20% of these companies are Indian start-ups. To showcase Pune’s prominence on the global semiconductor, electronic design and embedded systems map, VLSI Design is holding an international conference in Pune in January 2013. Pune was selected for the 26th international conference, which is hostaed by the VLSI Society of India, indicating its emergence on the global semiconductor, electronics design and embeded systems map, Niranjan Pol, coordinating the event said.
While it is hard to put a value on the work being done here, these companies contribute to multi-billion dollar products in design and R&D, says Raman.
“We are on par in the VLSI space and embedded software with US, Japan and Europe but as their size is small the visibility is not there,” says Raman.
But when it comes to the complexity and criticality of work, the average revenues per employee at these companies can be around US $ 500,000 compared to software services industry’s average revenues per person of about US$ 80,000 in the best software services companies. Dharne says these companies in India are doing design and R&D work that could be as much as 50% to 70% of the work.
According to Zinnov Management Consulting global R&d spend is expected to grow to US $ 1.4 trillion in 2012 and drive up demand for R&D and product engineering services and on an average 45% of the R&D headcount either captive or outsourced would be located outside the headquarter country. India is a leading offshore engineering R&D and product engineering services destination with the presence of 15 of the top 20 global service providers. Semiconductor is the third the largest vertical in the global R&D service provider landscape, says Zinnov. The semiconductor industry R&D spend is around US $ 36 billion. About 11% of the revenues for engineering R&D and product engineering services comes from the semiconductor sector.
July 25th, 2012, 10:49 PM
PUNE: Pune-based Nichrome India announced the inception of its new R&D facility and office building. The new R&D centre was inaugurated at the hand of Mr. EK Kumar, general manager (Asia-Pacific) of Tata Global Beverages Ltd. Mr. S. V. Joshi- founder chairman, Nichrome India and Mr. Harish Joshi, managing director, Nichrome India were also present on the occasion.
Nichrome provides packaging solutions to the food and FMCG industry. Covering a total area of 12000 sq ft, having capacity to house 150 persons, the new R&D centre houses the complete engineering and design facility with hi-tech 3D modelling software, parametric design and product data management facility. The new facility has a training centre for conducting customer training programs and a Pouch and Brand gallery. The new facility is also equipped with a Product and Pouch testing lab.
Mr. Kumar said, "The association of Tata Global Beverages goes back to 1985 when Tata Tea launched the first pouched tea in India using Nichrome machines. Nichrome first developed an electronic weighing system on its packaging machines for Tata Tea back then. Seventeen years on and more than 70 machines later, Nichrome is still a preferred packaging partner of Tata Global Beverages."
Speaking about the R &D centre, Mr Harish Joshi said, "The packaging industry is one of the most rapidly growing industries and has scope for constant improvement. This lead to the vision of setting up an extensive R & D facility."
September 6th, 2012, 02:38 PM
Mercedes-Benz plans Rs 250 cr investment at Pune plant
German automobile manufacturer Mercedes-Benz on Wednesday said it plans to increase investment in India to Rs 850 crore by 2014.
The company, which has already spent in excess of Rs 600 crore, plans to invest another Rs 250 crore in its Chakan facility near Pune for local production of a range of products, including sports utility vehicle (SUV) M-Class.
The company, which has already spent in excess of Rs 600 crore, plans to invest another Rs 250 crore in its Chakan facility near Pune for local production of a range of products
“The investment will help strengthen production and operational capabilities of existing products, and of our exciting and aggressive product (new) offensive, which we are readying for the Indian market,” said Peter T. Honegg, managing director and chief executive, Mercedes-Benz India.
According to the company, the investments will be completed by 2014 for local manufacturing of M-Class.
The India manufacturing would be among the first productions outside Mercedes’ parent, Daimler’s mother SUV plant in Alabama, USA.
Mercedes has, however, fallen behind rivals BMW and Audi in terms of sales, as the other two companies have introduced aggressively priced products.
Sales of Mercedes-Benz’s cars fell to 1,257 cars behind Audi’s 1,908 cars sold during April to June 2012. BMW stayed in the lead with 2,088 units sold.
Currently, the company manufacturers sedans like C-Class, E-Class and S-Class in its Chakan plant. The company plans to produce cars locally to beat rivals in terms of price.
“Mercedes-Benz India’s aggressive growth plan includes the local manufacturing of several new models in the coming years, beginning with the new M-Class,” said Piyush Arora, director (technical), Mercedes-Benz India.
The company added that its new paint shop at Chakan would be operational by October 2012. It will have a production capacity of 20,000 units annually, which can be scaled up to 40,000 units. The company currently has a network of 72 sales outlets across 31 cities.
September 12th, 2012, 06:24 PM
DSK Motowheels to invest Rs 600 cr on new bike plant
DSK Motowheels will invest up to Rs 600 crore in the next five years to set up a manufacturing plant for rolling out 'Hyosung' bikes from the stable of Korean firm S&T group, apart from setting up a research and development centre.
The Pune-based company said it also plans to enter the commuter segment bikes in India around 2015-16 by launching 150 cc and 125 cc, which would be locally developed with the help of the Korean partner.
"The idea is to start local manufacturing of Hyosung bikes by 2014. We are setting up a plant with a capacity of one lakh units and the total investment would be around Rs 500-600 crore in the next five years," DSK Motowheels Director Shirish Kulkarni said.
The company has already identified a 100 acre site, about 70 km from Pune, where it would set up a paint shop, assembly line and a research and development centre, he added.
September 12th, 2012, 06:26 PM
Inteva Products opens new manufacturing facility in India
US based automotive systems supplier Inteva Products has opened a new $10m closure systems and motors manufacturing facility in Pune, India.
The new 72,000sq ft facility will produce non-plastic parts such as door latches, window regulators and motors for automotive original equipment makers in India.
The company said that the plant has the potential for future expansion into its other product lines of interior systems and roof systems.
Inteva Products India Automotive managing director Sanjay Kataria said, "This new plant in Pune enables us to offer the excellent customer service, innovative products, new technology and efficient manufacturing processes customers expect right here in India."
Inteva started its manufacturing operations in Pune in 2008, supplying interior systems and components to global auto companies that include Ford, Volkswagen, Tata Motors, Hyundai and Mahindra and Mahindra.
Besides the Pune Operation, Inteva has a technical center in Bangalore.
September 13th, 2012, 08:10 PM
Schindler to build new escalator plant in India
The multi-million euro plant is to be built on a new 160,000-m2 site in the Chakan Industrial Estate outside Pune. The site, owned by Schindler, will also be home to an R&D center and an elevator factory.
"The new plant will enable Schindler to provide escalators at more competitive conditions for the local market," said the company's Chief Executive Officer, Jürgen Tinggren. Mr Tinggren added that India is of strategic importance for Schindler and the new investment reaffirms the company's long-term commitment to this growing market.
Currently, Schindler supplies the Indian market with escalators from its production facilities in China and Europe.
September 20th, 2012, 05:10 PM
Italian agri machinery manufacturer Maschio Gaspardo sets up plant near Pune
Italy-based multinational company Maschio Gaspardo Group which specializes in the production of agricultural machinery, has entered into India with its maiden manufacturing unit set up in Ranjangaon, Pune. The state of the art manufacturing facility has been set up at an investment of Rs 200 crore.
Currently having presence in 14 countries with a wider base in Italy, the group specializes in the production of agricultural machinery for tillage, sowing, seeding, landscaping, forage-making, sprayers and crop care.
The plant is proposed to manufacture rotary tillers, mulchers and seeders for the domestic market in the beginning which would later be expanded to the manufacturing of other machineries. To start with, the new plant will manufacture products for Mahindra & Mahindra and New Holland India.
Plans are also underway to serve the needs of Maschio Gaspardo Group's other global customers, by providing local supply to their India and Asia Pacific facilities.
“The growing importance of Indian agricultural market gives this country a central position in Maschio Gaspardo Group’s global strategy.
Pune is an ideal location for our new plant because the city provides a strong infrastructure and a rich talent pool of skilled workforce in the manufacturing sector. Our long-term vision is to capture agricultural growth through investing in fast growing markets and aligning our manufacturing footprint with the needs of our global customer base,” said Alessio Riulini, Managing Director, Maschio Gaspardo India.
The new plant will aid Maschio Gaspardo Group to achieve its aim for 2012; to exceed $280 million (~Rs 1400 crore) turnover. The Pune plant will currently employ 120 people and will be increased to 250 people along with planned investment of Rs 100 crore until 2017.
October 22nd, 2012, 04:23 PM
TÜV opens new lab and facility in Pune
TUV India, subsidiary of TÜV NORD Group, said it has expanded into high-end testing services and with an investment of 5 million euros the company inaugurated a laboratory and new office premises.
This laboratory will be operational in testing of agricultural and processed food, material, animal feed, pharmaceutical and cosmetic products--as per national and international standards and will serve only the domestic market currently.
The lab houses advanced analytical equipment which will be instrumental in testing. The same premise stretched on a 30,000 square feet of land also houses a Centre of Excellence for Food Safety. TUV India, is a technical service provider of independent, neutral, third party services like various ISO certifications, inspection services, training courses, validation and verification of carbon mitigation projects (CDM), testing and certification of consumer and industrial products, as well as vehicles and vehicle components and aggregates
Read more: http://business-standard.com/india/news/tuv-opens-new-labfacility-in-pune/192346/on
January 17th, 2013, 05:35 AM
German companies in Gujarat get drawn to Pune
Strong German community, city’s image as an educational hub attract investment; more needs to be done on infrastructure: Experts
Several German companies based in Gujarat seem to be swimming against the current tide, and setting up shop in Pune.
Helping attract German investment, as Zubin Kabraji, regional director of Indo-German Chamber of Commerce reads it, is the presence of a strong German community in Pune and the city’s image as an educational hub.
Kabraji, citing an example, said German ball bearing manufacturer Schaeffler has a unit in Vadodara in Gujarat but decided to expand operations to Talegaon in Pune. Other than Schaeffler, automobile giant Volkswagen will expand their training and manufacturing facilities in Pune, he said.
The automobile giant has already invested $800 million in Pune and the estimated expansion plan is pegged at $200 million.
Most companies that have a presence in Pune are from the automobile and heavy engineering sectors. Kabraji said there are around 300 German companies, large and medium, operating from Pune. The cumulative investment by German companies in Pune in the last 30 years is pegged at around $7 billion.
Talking about companies preferring Pune over Gujarat, Kabraji stated that although establishing units is easier in Gujarat it is not a “tested destination. Other than presence of education institutions and a large and vibrant German community, Pune has of late emerged into a large melting pot of culture, a major attraction for the companies,” he said.
Keeping up with the trend, Kabraji stated that automotive giant Continental is also in the final process of setting up shop in Ranjangaon industrial area soon, with an estimated investment of around $400 million.
Pramod Wadpally, country head of Andreas Stihl Private Limited, a German company that deals with core engineering, stated that one of the major reasons for companies getting attracted to Pune is that the city already has a strong base of automotive engineers. “Pune has a strong base of good engineers and it is easy to hire good people. Mumbai port being near is an added attraction,” he said.
Ranjan Baruah, managing director and CEO of SurTec, a company acquired by German firm Freudenberg, said Pune’s base as a hub for automobile, manufacturing and auto ancillary components has a cluster effect on all companies. “Pune’s working environment and availability of skilled manpower that speaks English and German are added attractions for companies to come to Pune,” he said.
Although socio-economic reasons is making Pune an an emerging and major investment hub for German companies, Kabraji stated that much needs to be done to improve overall infrastructure for accelerating investment by German companies. “Other than Gujarat and Karnataka, bureaucratic red tape is a major bottleneck for companies willing to invest in the country. Better resources and streamlining of the process is necessary to help remove that,” he said. Kabraji hoped that in the next five years, the number of companies investing in Pune should cross 400.
January 28th, 2013, 05:39 PM
With Pune serving as a major automobile and IT hub, the first of-its-kind Pune International Exhibition and Convention Centre (PIECC) coming up at Moshi is need of the hour for serving as a platform for industries around the area and in western Maharashtra to display their technology and products.
Pegged at Rs600 crore, it would be first such centre in Maharashtra on the lines of Pragati Maidan in New Delhi.
Pune Metropolitan Region (PMR) comprising Pune and Pimpri-Chinchwad is one of the fastest growing urban agglomerations of India besides being an international education destination. An international exhibition centre is required to position Pune on the global map.
The PIECC is proposed to have facilities comparable to exhibition centres of Hanover in Germany, Birmingham in Britain and Tokyo in Japan. It will have state-of-the art closed exhibition (air-conditioned) halls, convention centres supported by meeting rooms, banquet halls and classroom training set ups.
The exhibition and convention space will be supported by world-class hotels and service apartments. It will also cater to the local population through upscale retail complexes, recreational facilities such as multi-cuisine restaurants, gaming zones, golf course, go-carting tracks, library facilities and amphi-theatres.
It will be developed on a 40.5-hectare plot at Moshi, around 15 km from the proposed international airport, and is situated within the automobile manufacturing and engineering industrial area of the PMR. Price waterhouseCoopers (PwC) had prepared a feasibility study for the proposed centre in this regard. It will be jointly developed by the PCMC and Pimpri-Chinchwad New Township Development Authority (PCNTDA) under the aegis of the state urban development department.
The project would be ready in the next 3-4 years. It is expected to be developed on a build-operate-transfer (BOT) basis where the private investor recovers the cost through rental fees.
February 1st, 2013, 02:59 AM
PUNE: The directorate of floricultural research is to be set up in the city soon. The union government's directorate will take a decision about the introduction of any new variety in the country.
About 10 hectares of land, which belongs to College of Agriculture in Shivajinagar, will be utilized for setting up the directorate. The polyhouses and a testing centre will come up in Hadapsar on about 35-40 hectares of land.
This was confirmed by Tukaram More, the vice chancellor of Mahatma Phule Krishi Vidyapeeth, who was participating in the XXII annual group meeting of All India Coordinated Research Project on Floriculture in the city.
Union agriculture minister Sharad Pawar, in a public function at the College of Agriculture, had mentioned that the ministry was looking for 100 acres of (close to 45 hectares)
land for setting up the floricultural directorate. "It is almost finalized that the directorate will be set up in Pune. The required land is available here and we are waiting for sanctioning of funds," said More referring to it. He refused to divulge further details.
The directorate's Pune office will be the main centre for the country's floricultural activities. More than 18 states in the country have floriculture projects where loose and cut flowers are grown and marketed.
The directorate will conduct studies and research on various local and imported flowers, develop new varieties, introduce fragrance in flowers, and develop varieties with longer shelf life and having different sizes which will be fit to be grown in varied climatic conditions. The expertise will subsequently be passed on to farmers across the country.
Speaking to TOI on conditions of anonymity, a senior officer from the horticulture department said, "Minimum 100 acres of land is required for setting up the directorate, which will come up in the premises of the College of Agriculture. It is confirmed that the office building will be set there while research related infrastructure will be constructed in Hadapsar, where 65 to 70 acres of land owned by the college is available."
The officer said that once the directorate starts functioning, indigenous varieties can be developed fast. Many polyhouse owners use imported saplings and have to pay a large share of their income as royalty to the companies abroad. The actual income of farmers is quite low.
The directorate will help in development of indigenous varieties of roses and other flowers and export them.
Umesh Srivastava, assistant director general of Indian Council of Agricultural Research, was also present at the meeting. "Floriculture projects have been set up on 1.90 lakh hectares of land in the country that produce 10.31 lakh loose flowers and 69.02 crore cut flowers. In the 2011-12 fiscal, floriculture export was worth Rs 365.32 crore and involved 300 export oriented units in the country. We mainly export to the UK, the Netherlands, Germany, Japan and UAE," he said.
February 1st, 2013, 03:00 AM
JDSU, the leading provider of optical products and test and measurement solutions for the communications industry, has opened its IT development center at Shivajinagar, Pune in Maharashtra.
The new IT center will provide technology support for IT applications, projects and program implementations within JDSU. It will also play a key role in supporting JDSU’s focus on providing more software-based solutions to its customers.
“Pune is a city that is emerging as a strategic area of technology thought leadership with a growing base of talent,” said Chris Bedi, chief information officer at JDSU. “The new center allows us to add infrastructure and support services that complement our growing footprint and roadmap for IT applications.”
February 5th, 2013, 11:46 AM
Bridgestone India opens new radial tyre plant in Chakan, Pune (http://autocarpro.in/contents/NewsDetails.aspx?NewsCategoryID=1&NewsID=2199)
Pune, February 5: Bridgestone Corporation, the world’s largest tyre manufacturer, has opened its second plant in India at Chakan, Pune. The high-profile inauguration witnessed the presence of Prithviraj Chavan, chief minister, Maharashtra; Kazuhisa Nishigai, COO and representative board member, Bridgestone Corporation; Kiyoshi Asako, consulate general of Japan (Mumbai); Shinichi Sato, president, Bridgestone Asia Pacific Pte; Hiromi Tanigawa, managing director, Bridgestone India, and other company officials. The company had earlier signed a memorandum of understanding (MoU) with the government of Maharashtra on April 26, 2010. The company has committed an investment of around Rs 2,600 crore for this 187-acre facility which, according to Nishigai, is one of the single largest tyre manufacturing plants in the world.
According to company officials, once ready for operations, the facility will have the capacity to produce up to 10,000 units and 3,000 units of radial tyres for passenger cars and trucks, buses respectively, per day. While making the announcements, the officials also estimated that the plant will generate local employment for nearly 1,800 people.
Chavan, who anticipates the GDP growth to roll back to 8 percent in the coming financial year once the central government comes out with corrective monetary policy and other measures, highlighted that Maharashtra is the richest state in the country and relatively offers many more economic opportunities to companies setting up their base in the state.
“The Chakan belt and the adjoining Satara district are emerging automotive hubs in the state and offer vast opportunities besides good infrastructure to the companies. I wish to see Bridgestone making efforts in the development of the local area and people through its CSR activities, bring in their value systems besides the regular business,” said Chavan. The event also saw Tanigawa handing over a cheque of Rs 1 million to Chavan for the CM’s relief fund.
February 6th, 2013, 07:10 AM
Img src: http://automotivehorizon.sulekha.com
February 14th, 2013, 11:15 PM
PUNE: A captive 5 MW solar power plant will soon be set up by Finolex Cables LtdBSE -8.99 % at its manufacturing facility at Urse near Pune with an estimated investment of Rs 40 crore.
The proposed plant, expected to be commissioned within six months, will provide electricity for the internal consumption of the Urse facility, which would be pooled with additional State Electricity Board (MSEDCL) supply for night time operations.
"With this in-house experience (setting up of captive solar power plant) we can go ahead and set up larger projects in future," company's Managing Director Deepak Chhabria told PTI, after the Finolex Cables' Board meeting which approved the third quarter results yesterday.
Referring to the company's future plans, Chhabria said there was good scope for growth in the fibre optic business as the new government initiated projects were expected to spur the demand in the sector.
"There are bright prospects for the segment growth in view of the government projects which envisage laying down of total underground network to be installed and handed over to the Defence services with an estimated investment of Rs 8,000 to 10,000 crore," he said.
"Tenders are already floated for these projects," Chhabria added.
While noting that the fibre optic sector was poised for significant growth, he said that as a country "we need to spend more on infrastructure to expand the industry."
Articulating the company philosophy, he said, "We are reinventing ourselves in large product portfolio in various segments. If you are diversified, you are better equipped."
He said the company aimed at being "one-stop-shop" for any cabling need with concentration of quality.
In reply to a question, Chhabria said if the government introduced uniform Goods and Service Tax ( GST), it will help the industry with improved sales.
Finolex Cables Ltd is considered India's largest and leading manufacturer of electrical and communication cables who have also added electrical switches and Compact Fluorescent Lamps (CFL) to its range of products.
February 24th, 2013, 09:17 PM
Swedish compressed air solutions manufacturer Atlas Copco has set up a new manufacturing plant at Chankan near Pune.
The company has made investment of Rs 100 crore in this facility. The new facility will manufacture industrial and portable compressors, while the existing facility at Dapodi will continue to produce oil free compressors and quality air product.
These will be designed for India and cater mainly to the domestic market, but the company could consider export to countries depending upon the future market conditions.
Atlas Copco India, operating in India for the last 53 years, has three plants in Pune and one each in Nashik in Maharashtra and Hyderabad. Atlas Copco India clocked sales revenues of Rs 2,200 crore in the last financial year and is expecting to cross turn over of Rs 3000 by end of March 2013.
The company is also looking forward to growth in biogas and hospital segment.
Commenting on this, Horst Wasel, president, quality air division, Atlas Copco said, “This new facility has been built to lean manufacturing principles.The Group continues its focus on India, and compressor business is growing in India. This factory will help increase efficiencies, and further support business expansion in India, and also serves customers in India and abroad. India is in the top five customer centres in the world. Atlas Copco’s compressor business comprises of over 45 per cent of the revenues and we are clocking a double digit growth in India.”
March 4th, 2013, 06:45 PM
Pune, March 4:
EagleBurgmann, a joint venture between the German Freudenberg Group and the Japanese EKK Group, has invested Rs 9 crore to set up a new research & development facility in Pune.
With latest technology and seven new test beds, a wide variety of products like dry gas seals for compressors for the oil & gas industry can be approved. The oil & gas industry is a high strategic priority for both companies.
The new facility will help to strengthen the company’s position in the mechanical seal industry in India. Most seals tested here are designed for the chemical and petrochemical industry, especially for the oil & gas segment.
Wet seals can be tested up to pressures of 150 bars and speeds up to 8,000 rounds per minute (rpm). Another test rig will equip the centre as a dry gas seal test facility to allow testing for dry gas seals up to pressures of 350 bars and speeds of 24,000 rpm.
Four other pump test rigs are designed to work for the testing of wet seals for pumps up to pressures of 150 bars and speeds of 5,000 rpm.
These test rigs are designed not only for testing seals for special engineered applications but also with a view to using them for seal qualification testing as per the latest edition of the API 682 (American Petroleum Institute) standard.
March 4th, 2013, 06:46 PM
PUNE: The stunning visual effects in the movie 'Life of Pi', which recently won an Oscar in the VFX category, have a Pune stamp on them. Five Puneites contributed in the making of those cutting edge storm sequences, the lifelike animals, and the backbone of the film - the lifeboat, among other animations.
Till today, you may have only enjoyed those stunning visual effects in 'Life of Pi' which just won an Oscar in the VFX category, but now, take pride in them too. After all, they have a Pune stamp on them, what with five Puneites having contributed to the making of those edge-of-the-seat storm sequences, the sinking life-like animals, and the backbone of the film - the lifeboat, among others.
These five artists represent the fast-growing hub of animation and gaming that Pune is. The city is home to some of the biggest names in the business, working round the clock on the most spectacular, eye-popping visual effects, the almost real animated characters and sequences in feature films and advertisements and intricately designed computer and mobile games, all of which were, till a few years ago, considered a domain of the west.
So what has changed market dynamics, making India, and especially Pune, the preferred destination for creation of animation, visual effects, gaming and comics (AVGC)?
According to most in the business, it's the city's abundantly available artistic talent and its proximity to Mumbai that make Pune the preferred destination. "Compared to the west, Indians are genetically more artistic and creative. Combined with the competitive pricing, it makes for an unbeatable combination," states Rashmi Ahad of Pune-based Krayon Pictures, an animation studio which recently produced Delhi Safari - a full fledged animation film that got an international release. The studio is currently working on 'Kamlu', a film about a camel which is being directed by Govind Nihalani.
Sandesh Chonkar and Swapnil Borawake, the two Puneites who worked on Life of Pi at their Rhythm and Hues office in Mumbai, talk in sync when they say their childhood interest in drawing cartoon characters, which they honed with professional training, is helping them live their dream.
And it's no small a dream, considering a report presented at FICCI's Frames 2012, which pegged the revenues accruing to the country's animation, VFX and gaming industry in 2011 at Rs 31,000 crore, a robust growth of 31% over 2010. According to the report, growth was achieved in the backdrop of increased contract work, higher VFX content in movies and 2D/3D conversion projects.
While experts admit that the industry in India is still at a nascent stage, they foresee emerging as the next big hub in the coming years, offering end-to-end products, right from story writing to the final dubbing and music, behind the already established ones like Mumbai, Bangalore and Hyderabad.
"Pune has tremendous potential, not just in terms of talent and know-how, but technology too, to emerge as a real centre for high quality work," says Jesh Krishna Murthy, founder and CEO of Anibrain VFX, a Pune-based studio which has worked on some of the biggest Hollywood projects in the last two years, including Harry Potter and the Deathly Hallows, Resident Evil - Retribution, Ghost Rider - Spirit of Vengeance, Silent Hill 3D, Cosmopolis, Chronicle, Three Musketeers, Hanna and War of Titans.
Admittedly, while contract work for international projects continues to be the breadwinner for most of the animation and VFX studios in the city, several are gradually making the shift towards their 'owned' creations.
For Pune-based Pheobus Media Creations, which has created several of such 'owned' creations, including featurites like Akbar & Birbal, My Name is Raj and Kumbh Karan, all of which have been telecast on leading television channels, and even a full-fledged movie, Dashavatar, the creative satisfaction in narrating local stories is incomparable. "Animation is all about storytelling, and when it is your own, there is a lot of value addition you can do as you convert the script to screen," says Rahul Bakshi of Phoebus, which has now ventured into reviving local characters like the famous Marathi kid detective Faster Fenay, whose adventures will soon be seen as a series on the small screen.
And while the work is extremely painstaking, considering there are 25 frames to be created for every minute of film, costs take a while to recover. "The industry demands creatively skilled people who are trained in the latest techniques of animation. Work is slow and your accounts are in the red for at least six-seven years, considering the huge investment required in technology, networks and people, but the shelf life of the end-product is long, as the film has the potential to be dubbed into multiple languages," explains Ashish Kulkarni, chief executive officer of Reliance Animation which too has popular properties to its name, like Little Krishna, Shaktimaan, Krishna aur Kans and Big Bees Jr.
Kulkarni also points out that there is tremendous potential for animation in the Indian entertainment market. "So far, the Indian channels have largely carried internationally made products. Work is bound to increase if they choose to move over to local content and Indian stories," he says.
It certainly has expanded for the gaming segment of the industry, demonstrated by the emergence of at least 15 major games development studios in Pune alone. For Zapak Mobile Games, which set up shop here in 2008 and employs nearly 200 people to develop games for the national and international markets, the skill sets of manpower available in Pune matches their requirements well. "Pune is a great location and we have been able to recruit some very good designers, coders and engineers from the colleges here. Of course, there is a lot of learning on the job, but the boom has only begun with increased internet penetration and acceptability of mobile gaming," says Chaitanya Prabhu, the company's business head. Zapak has delivered games like Ben10, Border Wars, Chhota Bheem, Total Recall, ICC T20 Sri Lanka 2012, and others, out of its Pune stable in the last one year.
Manvendra Shukul, chief executive officer and founder of Lakshya Digital, which has its Pune team developing games for the iOS platform, including Rusty's Biscuit, Astro Mon and Zippy, says the global perception about India is that of a destination for service-oriented work. "Considering there was hardly anything to speak of about a decade back, we have certainly come a long way," he says. Shukul, however, points out that there is a gap in the education imparted at the large number of training institutes mushrooming in the city and what is required as per industry standards. "Most players in the industry are training their staff themselves, which is more cost-effective for students and companies both," he explains.
Anant Sardeshmukh, director general of Mahratta Chamber of Commerce, Industries and Agriculture, which set up a full fledged division for animation and gaming in 2007, admits that the problem of skilled manpower needs to be addressed. "Both quality and quantity suffer as companies need to invest in developing and training their human resources. We are asking the government for a separate policy for the AVGC industry, which will ease not just the credit availability from banks, but also streamline the industrial training, which is currently quite haphazard," he says.
The policy could also go a long way in changing the common perception in India which so far regards animation as content good enough only for children. "The industry has a lot of potential if one looks beyond the safe zone of mythology. The idea is to sell a good story," says Akhauri P. Sinha, managing director of the Bangalore office of Moving Pictures Company, which co-worked on the Oscar-winning Life of Pi.
Pune's success, according to Sinha, is all the more remarkable considering it has no cushioning advantage of a full-fledged film, television or advertising industry in the city. And that is certainly, no small feat!
March 5th, 2013, 04:50 AM
US glass major Corning to set up Rs 588-cr Pune facility
US-based specialty glass major Corning Inc has decided to invest about Rs 588 crore for setting up an optical cable manufacturing facility at Chakan near Pune.
It will provide employment to 270 persons.
The investment would be done through its Indian arm Corning Technologies India Pvt Ltd.
The Maharashtra Government has provided a window of five years for making the investment.
A senior Industries Department official said that the Maharashtra Government has decided to enter into a memorandum of understanding (MoU) with the company, which will enable the company to get a number of sops under the ‘Mega Projects Scheme’.
About 26 acres has also been allocated by the Maharashtra Industries Development Corporation for setting up the unit, the official said.
March 5th, 2013, 12:57 PM
Givaudan has opened an innovation centre in Mumbai, expanding local capabilities and resources to bring innovative and creative flavour and taste solutions to its customers in India.
For the first time Givaudan’s sensory science, flavour science and foodservice expertise will be available from within India. Food and beverage customers across the sub-continent will benefit from faster access to the company’s tools and technical services, including Indian consumer-preferred flavour profiles.
Representing an investment of over CHF 3.7 million (€3m) to meet rising customer demand across the Indian sub-continent; the innovation centre is also the latest demonstration of Givaudan’s on‑going commitment to expanding its creative and technical capabilities in India. The company just completed the expansion of its flavours powder blend capacity at its Daman production facility and is planning a new flavours manufacturing site at Pune.
At the official opening of the facility, Mauricio Graber, president flavour division, says, “Growth in developing markets is one of our strategic pillars and we aim to increase our total sales in these markets to 50% by 2015 across all categories. We will achieve this growth by investing in high‑growth markets like India, through superior local talent, capabilities and consumer understanding, together with world‑class infrastructure.
“The expansion of our Mumbai Flavour Innovation Centre enables us to offer sensory science, flavour science and foodservice expertise directly from India for the first time. Together with our in‑depth understanding of the local Indian market, we are able to offer closer collaboration with our customers, creating true consumer‑preferred taste experiences to differentiate their products in the marketplace.”
India is one of over 40 countries in which Givaudan has a presence. In 2012 the company grew its business in developing markets by 13.2% in local currencies; it aims to increase its total sales in these markets to 50% by 2015 across all categories.
In 2013, further investments will be completed in Asia Pacific with the expansion of new spray drying capabilities in Indonesia and the ground‑breaking of a new savoury facility in China.
Mitsubishi Electric Corporation (Japan), a leader in research, manufacturing and marketing of electronic equipment, has launched the sub-assembly of A&D inverters in India.
With this, Mitsubishi plans to increase its market share up to 15% by FY15 from the present share of 10% in India.
Mitsubishi Electric has the global footprint across 35 countries, which includes 17 global and two Indian Factory Automation Centres with five R&D centres. Yearly spend of Mitsubishi on R&D is 5% of its turnover ($44 billion), which is used for the development of Mitsubishi Electric’s products/solutions, the company said in a statement.
Speaking on the launch, Hideyuki Ohkubo, Executive Officer, Group President of Mitsubishi Electric India said, “We have already established our brand in India with presence since 1995, providing low voltage drives for market right from 0.4 kW to 500 kW for established business sectors like plastic, textile, pharmacy and automobile industry. Keeping in mind the increasing demand of the product in India, which was earlier imported, we are excited to assemble it here.”
The area for the sub assembly of inverters is approximately 1,000 sq ft, which is estimated to manufacture 40,000 units over the period.
Mitsubishi Electric India targets to manufacture 1,50,000 units in the next 3 years with an investment of Rs 15 crore.
Mitsubishi Electric has 51 channel partners in India with employee strength of 536 and its Factory Automation Division is headquartered in Pune. The company provides solutions to various industry verticals, which include Automotive, Pharmaceutical, Food & Beverage, Textile, Water and Waste Water Treatment.
In India, Mitsubishi Electric started selling automation products like PLC, HMI, Inverter, Servo motors in 1995.
To support and enhance the inverter business, Mitsubishi Electric India (MEI) has already started sub assembly of inverters from February 2013 in Pune. As a part of first phase of its venture, MEI will manufacture micro drives up to 7.5kW and will manufacture drives up to 15kW over the period. The products under focus here are FR-A 700 and FR-E700.
Inauguration of R&D centre will cater to local Indian market demands. MEI R&D, Pune is the fourth Mitsubishi R&D centre outside Japan, which will support the global products. MEI plans to increase current resource base in R&D from 30 to 150 in the coming year, the statement added.
March 16th, 2013, 06:32 AM
Czech cos set to invest 400 mn euros in Aurangabad, Pune
Aurangabad and Pune in Maharashtra is set to get investments of around 400 million Euros over the next two years from several corporate houses in the Czech Republic, with a major focus on the automobile, energy, power and defence sectors.
India, which ranks amongst the top 12 priority countries for the Czech nation, is set to get $2 billion worth of investments over the next two years, from companies such as Bonatrans Group, Vítkovice Machinery Group, Skoda Auto, radar systems maker Eldis, data and telecommunication racks manufacturers Conteg and Linet, among several other corporates.
Czech companies like Skoda are already present in India and more companies from that country are interested in investing in India, said Jana Peterkova, Economical and Political Affairs Embassy of the Czech Republic.
The proposal was made at a meeting of members of the Engineering Exports Promotion Council with Peterkova and other officials of the Embassy.
Stating that Czech Republic was one of the ‘sweet spots of Europe’, she added that the country was also offering incentives to corporations working in the area of research and development and strategic services, such as software development. The discounted tax rate has been extended from the current five to ten years, she added, in a media statement.
Several Indian majors such as Infosys, Arcelor Mittal, Alok Industries, Spentex Industries, Glenmark Pharmaceuticals, Ashok Leyland, and Motherson Sumi Systems have already invested in the Czech Republic.
With the Czech Republic focusing on promoting collaboration with India in terms of power generation, metallurgy, engineering, chemicals, investments in health equipment as well as in environment protection would be on the rise, Peterkova added.
March 20th, 2013, 06:21 AM
Refusol eyes Asian markets with Euro 1.5m Pune plant
German firm Refusol, one of the top five providers of solar inverters globally, has set up its solar power inverter production plant in Pune to cater to the Indian, South Asian and West Asia markets.
“We have set up a green field facility to manufacture a range of 10 kw, 13 kw, 17 kw, 20 kw and 23 kw high efficiency three-phase string inverters for the Indian, Saarc countries and West Asian countries,” Norbert Frings, CEO at Refusal GmbH, said. “We are ranked number three in Germany among inverter manufacturers and we bring to India advanced solar inverter technology,” he said.
He said these solar inverters with an efficiency of 98.2 per cent help customers maximise the yield of their photovoltaic plants on roof-tops or large-scale solar parks. At present, its clients include Lanco group, L&T, Mahindra & Mahindra, Tata Power, Jain Solar and Emmvee.
Frings said the power electronics specialist has invested 1.5 million Euros (Rs 10.5 crore) in the facility and plans to invest an additional 5 million Euros (Rs 35 crore) over the next three years.
The firm’s product range comprises string and central inverters with power outputs ranging from 3.6 kw to 1.3 mw.
“At present, we have the annual capacity to produce 15,000 units of solar inverters at our Pune plant,” Thomas Wittek, CEO at Refu Solar India, said.
He said the Pune plant will manufacture central inverters ranging from 333 kw upto 1 mw by the end of this calendar year. “We will make 10-15 units every week and depending on the market demand, we will be able to scale up production,” Wittek said.
He said India is a rapidly growing economy, requiring more power. “With power shortage in India, our solar inverters will play a central role in the Indian and global energy mix,” Wittek said.
Refusal GmbH has subsidiaries in US, China, Hungary and South Korea.
March 21st, 2013, 05:53 AM
पिंपरी - केंद्रीय कृषिमंत्री शरद पवार यांच्या पुढाकाराने आणि मुख्यमंत्री पृथ्वीराज चव्हाण यांच्या मंजुरीनंतर अखेर पिंपरी-चिंचवड नवनगर विकास प्राधिकरण क्षेत्रात सुमारे चार ते पाच हजार कोटी रुपयांचे मोशी येथे आंतरराष्ट्रीय औद्योगिक प्रदर्शन केंद्र सरकार साकारणार असून, पहिल्या टप्प्यातील 400 कोटींच्या कामाची निविदा येत्या 25 तारखेला प्रसिद्ध होणार आहे.
सुमारे 200 एकर जागेवर आंतरराष्ट्रीय औद्योगिक प्रदर्शन केंद्र व्हावे, यासाठी केंद्रीय कृषिमंत्री शरद पवार यांनी मुख्यमंत्री असताना ही जागा राखीव ठेवली होती. परंतु, गेल्या 25 वर्षांपासून केवळ चर्चा, बैठका आणि विकास आराखडा तयार करण्यावर भर दिला जात होता. तसेच, राजकीय इच्छाशक्तीच्या अभावामुळे हा प्रकल्प होऊ शकला नव्हता. देशामध्ये प्रथमच असा भव्य स्वरूपातील हा प्रकल्प होत आहे, त्यामुळे या प्रकल्पाकडे संपूर्ण देशाचे लक्ष लागले आहे.
या आंतरराष्ट्रीय औद्योगिक प्रदर्शनात दोन हेलिपॅड, तीन पंचतारांकित हॉटेल, सात प्रदर्शन केंद्रांमध्ये विविध औद्योगिक उत्पादनास आंतरराष्ट्रीय बाजारपेठ उपलब्ध होऊ शकणार आहे. भारतामध्ये अशा प्रकारचे औद्योगिक प्रदर्शन केंद्र कोठेही नाही. केवळ दिल्लीत प्रगती मैदानाची सोय आहे. परंतु, तीही छोट्या स्वरूपात. तसेच, तेथे पंचतारांकित हॉटेल अथवा सात प्रदर्शन केंद्रे नाहीत. त्यामुळे पिंपरी-चिंचवड प्राधिकरणात होणारे आंतरराष्ट्रीय प्रदर्शन केंद्र हे भारतामधील एकमेव केंद्र असण्याचा बहुमान पिंपरी-चिंचवड शहराला मिळणार आहे.
सुरवातीला हा प्रकल्प खासगी सार्वजनिक भागीदारी (पीपीपी) तत्त्वावर करायचे ठरले होते. नंतर एसपीव्ही कंपनी तयार करून त्यावर औद्योगिक सचिव, नगरविकास सचिव, विभागीय आयुक्त व प्राधिकरणाचे मुख्य कार्यकारी अधिकारी हे सदस्य होते. परंतु, सरकारला खासगी कंपनी करता येणे अवघड आहे, असा अभिप्राय आल्यानंतर मुख्यमंत्री पृथ्वीराज चव्हाण यांनी एसपीव्हीऐवजी पिंपरी-चिंचवड प्राधिकरणाने हा प्रकल्प करावा, असे जाहीर केले होते. राज्य सरकारने पहिल्या टप्प्याच्या निविदेसाठी पिंपरी प्राधिकरणाला नुकतेच शंभर कोटी रुपये खर्च करण्यासाठी मंजुरी दिली आहे. त्यानुसार 25 मार्चला निविदा प्रसिद्ध करण्यात येणार आहे.
हे प्रदर्शन केंद्र व्हावे, यासाठी केंद्रीय कृषिमंत्री शरद पवार यांनी गेली अनेक वर्षे प्रयत्न केले. परंतु, आघाडीचे सरकार आणि राजकीय श्रेयाच्या मुद्द्यावरून हा प्रकल्प होऊ शकला नव्हता. मात्र, मुख्यमंत्री पृथ्वीराज चव्हाण हे राजकीय श्रेयापेक्षा एखादे काम पारदर्शक असल्यास मंजुरी देतात, त्यामुळे त्यांनी या प्रकल्पास मंजुरी दिली आहे
source: Sakal (http://online2.esakal.com/NewsDetails.aspx?NewsId=5273473848303157324&SectionId=10&SectionName=%E0%A4%AA%E0%A5%81%E0%A4%A3%E0%A5%87&NewsDate=20130321&NewsTitle=%E0%A4%86%E0%A4%82%E0%A4%A4%E0%A4%B0%E0%A4%B0%E0%A4%BE%E0%A4%B7%E0%A5%8D%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A5%80%E0%A4%AF%20%E0%A4%94%E0%A4%A6%E0%A5%8D%E0%A4%AF%E0%A5%8B%E0%A4%97%E0%A4%BF%E0%A4%95%20%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A4%A6%E0%A4%B0%E0%A5%8D%E0%A4%B6%E0%A4%A8%20%E0%A4%95%E0%A5%87%E0%A4%82%E0%A4%A6%E0%A5%8D%E0%A4%B0%20%E0%A4%85%E0%A4%96%E0%A5%87%E0%A4%B0%20%E0%A4%AE%E0%A4%BE%E0%A4%B0%E0%A5%8D%E0%A4%97%E0%A5%80)
Tenders for first phase costing 400 crores of the Moshi Convention Centre would be called on 25th March. Total cost of entire project is around 4000-5000 crores.
Details of convention centre as per article:
200 acres, 2 helipads, 3 five star hotels, 7 exhibition centres. As a comparison it is planned to be much bigger than Pragati Maidan in Delhi as per article.
March 21st, 2013, 08:28 AM
^^^ where is this? I think this project deserves a separate thread!!
April 24th, 2013, 04:07 PM
Sany Heavy Industry to invest Rs 300 cr in Chakan plant
Chinese construction equipment manufacturer Sany Heavy Industry is planning to invest additional Rs 300cr in its Chakan plant and introduce port machinery and dumpers for the mining industry to its existing product portfolio this year.
The company has already invested Rs 311 crore in Chakan plant which is operational since April 2012 and assembles trailer mounted concrete pump, truck mounted concrete pump, concrete mixer truck, concrete batching plant and motor grader and cranes from completely knocked down kits.
From last year, it has began crawler crane production from the plant.
Over a year ago, Sany has acquired Germany based Putzmeister which manufactures range of concrete products in Goa is expecting a a turnover of Rs 500 crore.
Commenting on this, Alex Wu, Managing Director, Sany India said, " After China, India is most important market for us. This is our the biggest and first plant outside China. We will invest Rs 300 crore at this facility over the next three years. Sany is expanding its product range by launching port machinery and dumpers for the mining industry next year. Even though, the current market conditions are not in favour, we are planning for future and making these investments in India. Currently, we are neither making profits nor loosing money but very close to break even our investments."
He added, "We have earned revenue of Rs 175 from excavator sales.
The company has also decided to localise the current range of products to the extent of 50 per cent in revenue terms this year."
Sany sources engines from Cummins, USA and Kawasaki for its few construction equipment machines. With increase in localisation, it may source it from Cummins India which has head office in Pune and manufacturing facility in Pune and Phaltan.
Sany has introduced a pan India health check-up campaign for all its excavators and hoisting equipments for the next three months.
A team of 100 engineers to analyse and evaluate 700-odd machines in the Indian market.
T R Badarinarayan, CEO, Sany India said, "This unique health checkup exercise covering across India , will not only act as a proactive service on Sany machines, but will be an opportunity for Sany to impart to its customers the basics of equipment maintenance practices. These will pave way for customer satisfaction through larger equipment availability, hence larger returns on Sany products."
April 24th, 2013, 04:08 PM
Mercedes upping India capacity, bets on FTA
As negotiations between India and the European Union (EU) for a free trade agreement (FTA) have been intensified, German carmaker Mercedes-Benz says it stays committed to its investment plans in India.
The company said that it will invest Rs. 850 crore investment, as planned, to double capacity at its Pune plant to 20,000 units per year by October this year.
"We are building capacities not to keep it unutilised. We will go ahead with our localisation plans," Eberhard Kern, managing director, Mercedes Benz India told HT.
The long drawn out India-EU FTA talks recently gained momentum with ministerial level discussions in Brussels last week. EU has been pushing for a drastic reduction in import duty of cars that will work to the advantage of German premium car manufacturers operating in India. The current duty structure, which works out to 120% for directly-imported completely-built cars, forces them to invest in local production.
Benz, which is lagging behind its compatriots BMW and Audi in luxury car segment, strives hard to return to the top with a slew of launches. Mercedes-Benz will launch diesel version of its luxury hatch B-Class, smaller A Class and SUV GL in the next three months.
April 25th, 2013, 04:33 AM
DSK Motowheels picks land near Pune for assembly line
Super-bike retailer DSK Motowheels is planning a new manufacturing facility near Pune.
The company has identified 100 acres at Shalgaon, 200 km from Pune. Construction of the Rs 300-350-crore project is expected to start in three to four months and the plant will start assembling bikes in 10 months, said Shirish Kulkarni, Managing Director, at the launch of the company’s 25th retail showroom in the country.
Pune-based DSK Motowheels, part of the diversified Rs 5,000-crore DSK group, holds the exclusive rights to assemble and distribute the Korean brand of super bikes (Hyosung) in India.
DSK acquired the super-bike business from Garware Motors in June last year. Since then, it has sold 1,200 bikes, clocking Rs 42 crore. DSK also acquired Garware’s assembling facility in Wai near Pune. This facility assembles around 250 bikes a month (10 bikes in a shift).
After the Shalgaon facility begins operations, DSK plans to convert the Wai facility into a warehouse. The new facility is expected to assemble 18 bikes a shift. Exports could be looked into in the future.
At present, most components are imported from South Korea, through S&T Motors, which owns the Hyosung brand. Over a period of time, DSK expects to get into full-fledged manufacturing and sourcing components locally.
Whether the Korean company S&T Motors will look at investing in the Indian venture, Kulkarni said this is unlikely to happen now.
The Hyosung range in India includes sports and cruiser bikes in the 250-700 cc range, priced Rs 2.8 -Rs 5.8 lakh. DSK is looking at introducing commuter bikes in the 125-150 cc range next year or in 2015.
Super-bikes are high-performance motorcycles used for adventure riding, not daily commuting. This segment is growing at 25 per cent year-on-year. The major players are Harley-Davidson, Honda and Yamaha.
April 25th, 2013, 04:36 AM
Viability study of industrial corridor soon
British high commissioner to India James Bevan has said that British and Indian authorities are likely to finalise the terms of references for a joint feasibility study of the proposed 1,000-km Mumbai-Bangalore industrial corridor project in the next two months.
The project is being increasingly talked about after UK Prime Minister David Camerons visit to India two months ago.I have myself had discussions with the Maharashtra chief minister and the authorities in Bangalore.We are seeking certain details to draw the terms of references and I hope the exercise will be completed in two months, he told reporters here on Wednesday.
Prior to the media briefing,Bevan inaugurated British firm Helical auto technologys new plant at Pirangut on the outskirts of the city and met top industrialists.British deputy high commissioner in Mumbai Peter Beckhingam was also present.
At the moment,the Mumbai-Bangalore corridor project appears to be a very attractive vision and we are very much interested in the project.We want the project to develop not just as an industrial corridor but as a thriving economic corridor, he added.
The British government has expressed its willingness to co-fund a feasibility study on a match-funding basis with the Indian government,costing up to one million pounds.The first phase of the ambitious project envisages large investments in physical infrastructure like transport networks,telecommunications and power.Subsequently,the focus will be on developing social infrastructure.
Bevan said,The UK government is keen on strengthening ties with India in the areas of trade and investment,health and education and people-to-people contact.We are delighted to see more and more UK companies encouraging investments in cities like Pune.We would also like to see Pune companies invest in the UK.
On the tougher visa norms that came into operation from April 1 last year,Bevan conceded that the number of students going to UK for higher studies has dropped significantly from 30,000 in 2011 to 20,000 in 2012.A part of this drop is due to the myth creation about growing difficulties in pursuing higher studies in the UK, he said.
There has been a reduction in the number of Indian students in the UK,but there is an increase in the number of quality applications, he said,adding,We want to reverse the drop.
Bevan said,While we have adjusted our visa norms,there is no limit on Indian students going to the UK for higher studies.Eight out of every 10 applicants get a visa and genuine students are welcome in the UK, he added.
He said,There is a clear message in the changes after April 2012 with regards to post-study work in the UK.The norms provide that students can work for three years,provided they secure a graduate-level job with a minimum salary of 20,000 pound per month.There is also a provision for another three-year extension of stay for such students.
Bevan said,There are growing links between Indian and UK universities and many UK universities are keen on establishing their campuses in India.For instance,the University of Northampton is negotiating with an institution in Lavasa to set up a campus,which may come through in a year.
May 7th, 2013, 08:00 AM
Leoni: Neues Indien-Werk geht an den Start
Der Kabelhersteller Leoni eröffnet sein neues Werk bei Pune in Indien. Von hier sollen Kunden aus verschiedenen Branchen mit Kabeln und Kabelsystemen beliefert werden, teilt das Unternehmen am Montag mit. Konzernchef Klaus Probst sieht „attraktive mittel- und langfristige Wachstumsperspektiven für mehrere unserer industriellen Zielmärkte“. Im Fokus dürfte Leoni dabei vor allem die wachstumsstarke indische Autoindustrie haben, die in der Region um Pune stark vertreten ist. Bis Jahresende will man 140 Mitarbeiter beschäftigen und 11 Millionen Euro für Anlagen sowie die Ausrüstung des Werkes investieren.
German cable manufacturer opens plant in Pune. It will employ 140 people with an investment of 11 million Euros.
May 9th, 2013, 03:43 PM
Samson Controls setting up 2nd plant near Pune
Samson Controls Pvt Ltd, a wholly owned subsidiary of Germany-based Samson AG, is setting up its second plant in the country at Ranjangoan near Pune.
The new facility, in which the company will invest around €10 million, comes a year after the opening of its new office at Magarpatta City.
This will increase the company’s installed capacity, currently 10,000 control valves per year, by 40 per cent over the next three years, Atul Raje, MD, Samson Controls, said.
“The second production facility is a part of our expansion plan and will help us participate in the growing domestic market,” Raje said.
New investments are under implementation to introduce new product portfolios from Samson Germany to India, he added.
In India, Samson makes products such as globe control valves, conventional positioners, self-operated pressure and temperature regulators.
May 10th, 2013, 06:16 AM
Pune is emerging as a magnet for R&D work
BANGALORE: Pune has surpassed Bangalore as a hub for high-end engineering design and product development work done out of MNC firms' R&D outposts.
Some 12% of product teams based in Pune are doing high-value product development work compared to 8% in Bangalore, said IT advisory firm Zinnov in its Maturity Benchamarking Study that surveyed 220 product teams across 30 MNC R&D firms in the country.
Product teams based out of Pune no longer play second fiddle to their global teams, supporting them with coding, testing and quality assurance. They have moved up the maturity curve managing the product pipeline, customer interface and channel partnerships. This has resulted in greater mindshare at the headquarters and hence, they are able to drive high-value work from India. With over 350 MNC R&D centres, Bangalore remains a hotbed of activity in the country. But Pune has emerged as an attractive destination for product development leveraging on its skilled workforce in executing product design and engineering capabilities.
"R&D centres set up in the last 3-5 years have brought products at higher maturity as they see India as a destination for core product development. Bangalore had a headstart in engineering support while Pune has leveraged on its talent pool to recalibrate its strengths towards product capabilities early on," said Preeti Anand, engagement manager in Zinnov. Currently, Pune has over 110 MNC R&D centres employing 24,000 people.
Shantanu Ghosh, MD of Indian product operations in software security firm Symantec, said Pune had the positives of Bangalore in terms of the ecosystems and talent pool. "But there is a shift in the mindset to component ownership rather than offering support R&D services," he added.
Take medical devices manufacturer Varian Medical Systems for instance. It entered India through the acquisition of Pune-based Cedera in 2007, to initially provide customer support to its global centres in Palo Alto, Helsinki and Switzerland. It later went on do complex work like asset tracking for software application and remote deployment of software for managing cancer clinics, radiotherapy centers, and medical oncology practices. It also provides tubes and digital detectors for X-ray imaging used in medical, scientific, and industrial applications. "Each R&D team has a mission statement and value proposition in areas like business intelligence, technology and infrastructure connectivity," said Niraj Kumar, engineering manager in Varian.
In the recent past, a lot of companies have set up their R&D centres in Pune. Nasdaq-listed product company PTC's R&D centre in Pune contributes to its core product development. Software firm Pitney Bowes opened a second R&D centre in the country in Pune to do work on its digital mailbox solution Volly. Global manufacturing & technology company Emerson set up its export engineering center in the city for software design. Other firms like Allscripts, Faurecia, Tomtom, Fiat and Fairchild Semiconductor too have flocked to the city recently.
May 10th, 2013, 05:29 PM
PCMC general body gives approval for five projects
The general body of Pimpri Chinchwad Municipal Corporation gave administrative approval for five projects having a total expenditure of Rs 459.83 crore that are to be implemented under Jawaharlal Nehru National Urban Renewal Mission(JNNURM).
Pimpri Chinchwad mayor Mohini Lande approved the resolution at the meeting held on Thursday. The projects to be implemented are water supply scheme for Tathawade village having expenditure of Rs 65.35 crore, Intelligient Transport Management System for Bus Rapid Transit System(BRTS) having expenditure of Rs 49.71 crore, BRTS bus stations costing Rs 33.65 crore, Sewage system for newly merged areas costing Rs 97.37 crore and 24x7 water supply for Pimpri Chinchwad with an expenditure of Rs 213.75 crore.
The union government will bear 50% percent of the expenditure; state government will bear 20% while the civic body will contribute 30% of the expenditure.
Giving more details, Neelkanth Poman, computer officer said, "These projects were approved at a meeting of the state level scrutiny committee(SLSC) for JNNURM scheme that was held under the chairmanship of chief minister Prithviraj Chavan on March 23. The proposal to seek approval for these projects was sent to the union government on March 26. We expect them to be approved by the union government soon."
June 8th, 2013, 06:10 AM
RS 700-cr Tetra Pak factory in Pune
Tetra Pak, leading global food processing and packaging solutions company, has opened its latest world-class factory at Chakan, near Pune. The Rs 700-crore plant is designed to meet growing demand for processing and packaging solutions across India, South and South-East Asia and West Asia.
Spread over 45 acres, the new Tetra Pak plant employs advanced packaging material production technologies and equipment. Among various other facilities, the new plant will have a straw production unit, a processing systems workshop, a filling machine renovation and a technical training academy. The localisation of these processes will greatly increase responsiveness to market demands, the company said in a statement.
It will also house a product development and innovation centre.
June 11th, 2013, 03:15 PM
Great Wall Motors to build new manufacturing plant in India
Chinese sport utility vehicle (SUV) maker Great Wall Motors (GWM) is planning to invest INR16.76bn ($288m) to build a new production plant at Pune in the Indian state of Maharashtra.
Claimed to be the automaker's first plant in India, the new facility is expected to commence serial production by 2016.
A person with direct knowledge about the development was cited by The Economic Times as saying that GWM has also considered Chinese government-owned Beiqi Foton Motor Company's decision to set up its commercial vehicles facility at Khed near Pune.
"The proximity factor is expected to help both the companies achieve back-end synergies," the person said.
Prior to finalizing Pune as the suitable location for the new plant, the firm earlier considered locations in other Indian states including Gujarat and Tamil Nadu.
Additionally, GWM's first model to be launched in the country under the Chinese brand will be its Haval H5 SUV, which will be unveiled along with a few other models in the upcoming 2014 Auto Expo to be held in New Delhi during February.
November 9th, 2013, 02:08 PM
The Rs.1,000-crore Pune plant of GE would be operational by mid-2014, company President and CEO (South Asia) Banmali Agrawala said here on Friday.
Speaking on the sidelines of an event here, he said theplant was designed to manufacture components for theaviation sector as well as wind and other power generation turbines.
On new products in the domestic market, he said, “We have products in the healthcare segment, which have already hit the market.
“These are super-value products, which are made for Indian and global markets.”
He said India had an edge in intellectual capital. GE was more focused on tapping this hidden talent of employees, mostly from Asian countries.
“We are provoking such employees to bring out ideas. They may not be good at language, but very good at ideas. We are putting special attention to extract these ideas,” Mr. Banmali said.
Of its total strength of 8,000 employees in India, the Bangalore facility has 6,000 persons and the Hyderabad facility 2,000 persons.
November 12th, 2013, 08:31 PM
niversal Construction Machinery and Equipment, the construction equipment manufacturer is setting up R&D Centre in Pune with a total investment of Rs 6 crore to develop new products and focusing on exports to beat slowdown in the Indian market.
“We are investing a total of Rs 6 crore in our research and development centre in Pune to develop new products and localizing products for international markets,” Ranjit More, vice chairman at Universal group, told Financial Chronicle.
The Pune-based company has about 50 products in its portfolio with four verticals catering to mechanization, concreting, material handling and processes. It has two manufacturing units in Pune and Satara in Maharashtra and one in Rudrapur in Uttaranchal. More said the company had recently installed seven robots at its Pune facility to maintain consistent quality, accuracy and increase production by nearly fivefold.
“The R&D Centre will come out with at least five new products from next year annually to compete in the international markets,” More said. Its initial team includes 22 engineers and 8 technicians, he said, adding that the talent pool will be expanded in phases.
More said the new product development would initially concentrate on concreting equipments and passenger material lifts. He said the concreting equipment market in India is estimated at Rs 2,500 crore out of which Rs 500 crore comes from small and mid size machineries.
“Since our products are sold in nearly forty countries in Africa, West Asia and SAARC, we are concentrating on localizing our products to suit that particular market,” More said. He said the R&D Centre would develop more technologically advanced and user friendly products for its international clients. The company has an international distribution tie up with Tata International.
More said in the first half year, the construction equipment industry declined by 20-30 per cent while it was flat growth last year. “We are looking at increasing our export business to make up for the de-growth in the domestic market,” he said. More said over 15 per cent of the total revenues of Rs 250 crore last fiscal came from exports and it was targeting to doubling that business over the next two years.
“Besides developing new product range, the R&D Centre will also upgrade existing products range to improve its efficiency, fuel economy, energy consumption and performance to increasing the overall output of the products,” More said. He said improving manufacturing processes would include improving and streamlining process layout, machine orientation, material movement and machine shop and thereby improving the entire value engineering.
December 1st, 2013, 05:37 AM
27 Japan firms evince interest in Pune auto zone
Saturday, Nov 30, 2013, 12:51 IST | Place: Pune | Agency: DNA
Pune has always been a hotbed for not just industrial development, but for automotive companies in particular.
With some of the biggest names in the business like Tata Motors, Volkswagen, Bajaj Auto, Mercedes-Benz, General Motors, Fiat, etc based in and around the Peshwa city, it opens up a lot of avenues for small and medium auto component businesses -- which up until now has remained elusive for Japanese companies.
The Japan External Trade Organisation (JETRO) aims to bridge exactly that gap and has undertaken a major initiative to boost bilateral trade and investment between India and Japan with a dedicated emphasis on Maharashtra. JETRO is the official promotion body for trade and investment with Japan and has 73 offices all around the world, including a network in India spanning four cities — New Delhi, Mumbai, Chennai and Bangalore.
JETRO’s activities in India have been on the rise in recent times, with the number of Japanese companies in the country having risen to 926 in October 2012 from 267 in January 2006. The trade body’s brief in the country has been predominantly not only to offer advice to companies looking to set up shop in India through their Business Support Centres, but to identify and recommend industrial land for new set-ups. A direct result of this has been an MoU signed in April between JETRO and MIDC to set up an area exclusive for Japanese manufacturers. The prime candidate for this dedicated Japanese zone should be at the Supa MIDC industrial estate near Ahmednagar though the exact details of the set-up are yet to be announced. Land acquisition for the expansion of the industrial premises is under way and 500 hectares are said to be allotted to JETRO for the initiative.
JETRO’s contribution to the scheme of things is to invite Japanese manufacturers to Pune to either set up their own businesses or tie up with Indian companies and provide investment. Further to this objective, JETRO organised the Business Matching for Market Development of Auto Parts 2013 in Pune, where the participants included 8 from Japan, 14 from India and 3 from Thailand.
Speaking on the occasion, Takehiko Furukawa, director general, JETRO Mumbai, said: “Japanese companies are noticing huge business opportunities in Pune, and the flourishing automobile industry in this region provides a major investment opportunity for Japanese auto component manufacturers in the proposed industrial zone.” At the moment, some 27 companies have already shown interest in the dedicated Japanese zone and more are coming in. The arrangement works in everyone’s favour — while participating Japanese companies will get a piece of the auto components pie in the region, it will not only generate more opportunities for Tier 2 and 3 suppliers and enable them to further develop on a strong base of advanced technology in manufacturing, but also empower OEMs with better quality components.
December 3rd, 2013, 10:59 PM
PUNE: Eight business clusters are likely to come up in Pune region to help micro, small and medium enterprises get better facilities and infrastructure to expand their businesses.
The proposed clusters are for various fields, with prominent sectors including engineering, auto engineering, food processing and printing. There is also a proposal for a 'women's cluster'.
Officials at the district industries centre (DIC) of Pune said the formation of clusters will boost small and medium enterprises around Pune, helping entrepreneurs increase the quality of their products, services and meet export standards.
"Clusters would strengthen small-scale industries and help them produce export-quality products with high standards," S S Suravase, general manager of DIC Pune said.
The clusters are proposed for urban and rural areas. Three clusters in the engineering and auto engineering sector have already received administrative approval from the government. The food processing cluster proposal was recently sent to the government for further approval, officials said.
An auto engineering cluster proposed for Pune is expected to have the participation of about 600 micro and small units, while a similar cluster for Baramati is likely to have the participation of 450 units. A 'women's cluster', which will fall under the engineering category, has received registrations for 70 units so far. A cluster related to the printing industry has been proposed in the Ambegaon-Khed area - about 80km from Pune city. A cluster has also been proposed for ex-servicemen near Pune.
Officials said the Pune district has a significant number of micro, small and medium enterprises. Of the total such enterprises listed in the state, about 10% are located in Pune.
December 3rd, 2013, 11:02 PM
The Japan External Trade Organization, JETRO, an official promotion body for trade and investment has undertaken initiative to boost bilateral trade and investment between India and Japan.
In order to promote Maharashtra as a major investment destination, JETRO Mumbai signed a memorandum of understanding (MoU) with Maharashtra Industrial Development Corporation (MIDC), supporting them to develop the new industrial zone in Pune exclusively for Japanese manufactures.
The park will come up on 1,200 acres at the Supa Parner industrial estate in Ahmednagar, around 75 km from Pune. According to MIDC officials, around 27 companies have shown interest in establishing a base near Pune, and a special cell will be set up to process and expedite the applications.