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.

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.

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.

http://www.indianexpress.com/news/industries-dept-upbeat-as-investment-proposals-increase/803348/0

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.


http://www.indiaprwire.com/pressrelease/machinery/2011070190890.htm

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.


http://www.steelguru.com/indian_news/JFE_Shoji_to_set_up_steel_processing_center_in_Pune/213167.html

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.


http://timesofindia.indiatimes.com/city/hyderabad/Now-Pune-edging-out-Hyderabad/articleshow/9130346.cms

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.

MVAT amendment

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.

impact

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.

Ref: http://www.thehindubusinessline.com/todays-paper/tp-corporate/article2208634.ece

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.

VAT issues

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.

Ref: http://www.thehindubusinessline.com/todays-paper/tp-corporate/article2211914.ece

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.

Ref: http://www.thehindubusinessline.com/companies/article2226558.ece

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

Ref: http://www.thehindubusinessline.com/todays-paper/tp-corporate/article2227700.ece

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.

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."



http://www.steelguru.com/indian_news/Voltas_Material_Handling_sets_up_plant_in_Pune/217848.html

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."

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

http://profit.ndtv.com/news/show/ge-selects-pune-for-200-million-manufacturing-facility-179652

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.



http://www.business-standard.com/india/news/pune-becomes-hot-spot-for-german-companies/450515/

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.

Related Stories
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.


http://www.thinkdigit.com/Mobiles-PDAs/TomTom-enters-Indian-navigation-market-with-Via_7644.html

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.


http://www.dnaindia.com/mumbai/report_pune-based-franke-faber-to-set-up-rs50-crore-plant_1595695

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.


Stumbling Blocks

* 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


http://www.expressindia.com/latest-news/investment-proposals-worth-rs-50-000-cr-for-pune/859725/

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

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


http://www.thehindubusinessline.com/companies/article2591878.ece?homepage=true&ref=wl_home

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.


http://www.constructionweekonline.in/article-7524-wirtgen_opens_its_first_plant_in_india/

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.

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.

http://timesofindia.indiatimes.com/city/pune/CM-clears-5k-cr-investment-for-Pune-district/articleshow/10674509.cms

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.”

Source (http://www.thehindubusinessline.com/industry-and-economy/info-tech/article2633026.ece?homepage=true&ref=wl_home)

Ravin Cables to invest Rs 200-cr; eyes 4-fold sales by FY16


http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/ravin-cables-to-invest-rs-200-cr-eyes-4-fold-sales-by-fy16/articleshow/10819002.cms

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.

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.

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.


http://www.indiainfoline.com/Markets/News/Zinnov-Management-releases-comprehensive-study...-Advantage-Pune-The-Innovation-Frontier/5310944408

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.


http://timesofindia.indiatimes.com/city/pune/Pune-tops-in-bagging-indl-projects/articleshow/11573438.cms

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/


http://www.prweb.com/releases/2012/2/prweb9155381.htm

Source: http://www.mydigitalfc.com/jobs/pune-hyderabad-see-11-growth-hiring-138

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.

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.

http://www.thehindubusinessline.com/companies/article2942160.ece

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.

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/aggreko-sets-up-india-headquarters-in-pune/articleshow/12161960.cms

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

http://www.business-standard.com/india/news/spains-mondragon-to-expand-business-in-pune/468689/

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

http://www.indianexpress.com/news/experts-disagree-with-economic-survey-say-pune-story-not-so-grim/928440/3

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.

http://www.theaustralian.com.au/business/mining-energy/rio-tintos-plans-to-sell-its-diamond-mines-could-raise-up-to-47bn/story-e6frg9dx-1226311793967

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.

Link:
http://articles.economictimes.indiatimes.com/2012-03-29/news/31254717_1_l-t-board-member-heavy-engineering-l-t-shares

"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.

Link:
http://www.business-standard.com/india/news/mahindra-forms-two-jvs-in-defence-targets-1-bn-in-10-yrs/161937/on

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/)

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.

http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/pune-pitching-to-be-a-product-start-up-hub-for-companies/articleshow/12512977.cms

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.

http://bigpondnews.com/articles/Finance/2012/03/27/Rios_India_facility_for_automation_R_and_D_733538.html

Looks like Sharad Pawar and company put Maharashtra in deep Shit.


http://img705.imageshack.us/img705/4846/news112384.jpg

http://img651.imageshack.us/img651/4500/news112383.jpg

^^Hope it is implemented and becomes a reality, let's discuss it in it's appropriate thread. Thanks.

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)

....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....

http://www.business-standard.com/india/news/six-pack-birla/471268/

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.

http://economictimes.indiatimes.com/news/news-by-industry/cons-products/electronics/schmersal-invests-rs-54-cr-to-set-up-facility-in-pune/articleshow/12730920.cms

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.

http://www.indusbusinessjournal.com/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=07470A61A77746859CCBE17A62E8FAEE

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)

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)

sorry, repeat post

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/)

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.

http://www.deccanherald.com/content/245554/piaggio-opens-production-line-near.html

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.

http://www.newstrackindia.com/newsdetails/2012/05/04/256--Steelcase-setting-up-manufacturing-plant-in-Pune-.html

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."

http://www.eetindia.co.in/ART_8800666431_1800000_NT_19804fe2.HTM

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.

http://www.mydigitalfc.com/companies/us-based-icertis-double-staff-pune-rd-centre-056

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.

http://economictimes.indiatimes.com/tech/ites/red-hat-opens-rd-centers-in-pune-and-bangalore/articleshow/13033017.cms

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.

http://www.itnewsonline.com/showbwstory.php?storyid=7278

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.

http://www.indianexpress.com/news/city-to-be-hub-for-naval-warfare-systems-soon/947173/0

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.

http://www.thehindubusinessline.com/industry-and-economy/economy/article3404552.ece

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.

http://www.livemint.com/2012/05/10231048/VW-group-to-invest-Rs-2000-cr.html

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.

http://www.thehindubusinessline.com/companies/article3429369.ece?homepage=true&ref=wl_home

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.”


IE (http://www.indianexpress.com/news/decision-on-nonstarter-sezs-will-help-pune-mumbai-chavan/951256/)

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.

http://www.business-standard.com/india/news/it-firm-pitney-bowes-setscenter-for-rd-in-pune/475049/