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Old February 22nd, 2016, 07:25 PM   #161
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Modulex India to set up Rs. 100-cr unit in Pune

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NEW DELHI, FEB 22:
Modulex India, a modular building construction company incubated by Red Ribbon Advisory Services (RRAS), said it will invest Rs. 100 crore to set up a modular building construction factory in Pune.

Poised to be the world’s largest and India’s first steel modular factory, Modulex expects to create approximately 1,000 jobs in India by 2017.

The company, built on a 40 acre land, will start production in March 2017.

Ajay Palekar, Country Head, Modulex Modular Buildings, said, “The Indian construction market still has a long way to go in comparison to the global scenario. Modulex aims to take India to the next stage of real estate development by providing a jumpstart to the construction industry and bridging the demand-supply gap created by acute shortage of construction in the country. Modulex surpasses the traditional methods of construction by offering clients with numerous advantages, not limited by cost, time and savings.”
http://www.thehindubusinessline.com/...cle8267628.ece
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Old February 22nd, 2016, 07:30 PM   #162
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Ericsson to hire 1,000 at Pune plant: Paolo Colella, MD

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PUNE: Swedish telecom gear maker Ericsson will hire around 1,000 employees for its Pune plant, which is likely to start commercial operations by September, managing director Paolo Colella has told ET. "2016 is a milestone year for Ericsson in India. Setting up of the Pune plant will generate employment as well as lead to development of vendor ecosystem in and around Pune," he said.

The Pune plant, being set-up with an initial investment of up to $20 million at the Indospace ndustrial Park in Chakan, will manufacture 2G, 3G and 4G mobile broadband gear along with Microwave products. Once the unit is live, the company will look at expansion of this plant.

The company already has a manufacturing unit in Jaipur, which is catering to demand coming from Indian telecom operators.

It is producing an average 60,000 base stations per year "Even though we have the ability to increase capacity in Jaipur, it will continue to run at current capacity.
http://economictimes.indiatimes.com/...w/50988271.cms
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Old March 11th, 2016, 11:39 AM   #163
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Japanese industrial park near Pune.

http://www.asianage.com/node/478238

Maharashtra Industrial Development Corporation (MIDC) will provide 230 hectares of land to set up a Japanese industrial park near Pune.
According to MIDC officials, out of the 946.70-hectare area notified for the additional Supa Parner industrial area, 230 hectares has been reserved for Japanese industries. On this area, amenities like a Japanese garden, Japanese restaurants, hospitals, exhibition centres, truck terminus will be made available.
Shiv Sena MLC Neelam Gorhe had raised the issue in the Legislative Council asking about measures taken by the state to provide remuneration and employment to farmers and locals, whose land has been acquired for the project.
Replying to Ms Gorhe, industries minister Subhash Desai said that the MIDC would set up a cluster for various Japanese companies at Supa near Pune-Nagar Road. “For the additional Supa Parner industrial area, the district collector, in discussion with concerned stakeholders, has fixed a remuneration of Rs 20 lakh per hectare. According to the MIDC policy, the stakeholders — apart from compensation — are also provided 15 per cent land returns and also a job to a person from project-affected family at the company in that industrial area as per the necessary educational qualification.”
According to state officials, the Japan External Trade Organisation (Jetro), an official body for promotion of trade and investment, and the MIDC have already signed a MoU to set up an exclusive industrial park for Japanese companies at Supa. To date, India is home to 962 Japanese companies across 1,804 locations, including 76 in Pune.
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Old March 20th, 2016, 12:21 PM   #164
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Pune, 2016-03-17
Volkswagen India celebrates five years of export success; Ships over 185,000 cars from India in five years

Volkswagen India celebrates five years of export success;

Ships over 185,000 cars from India in five years

Starting with South Africa as the first single export market in 2011, Volkswagen India has expanded its exports to over 35 countries across four continents by 2016
Over the five years, Volkswagen India has ramped-up its export business to form a strong second leg of its business operations in India
In 2015, 55% of production at the Volkswagen Pune Plant was exported to support the growing demand from its global markets


Pune, March 17, 2016: Volkswagen India is celebrating its five-year export journey in India with the shipment of over 185,000 cars made in India for the global markets. Starting with South Africa as the first single export market, Volkswagen India has rapidly grown into an exporter to over 35 countries across Asia, Africa, North America and South America.



Starting export operations from India within two years of establishing its production plant in the country in 2009, Volkswagen India has spent the last few years strengthening its domestic portfolio while also growing its export business to further strengthen its local story. The first shipment to South Africa from Volkswagen India reached its destination exactly five years ago in 2011. At that time, the export volumes only contributed approximately 6.4% of the total production.



[I]In 2015, Volkswagen India exported over 55% of its cars produced in Pune to over 35 countries across four continents while also having served as the hub for parts and components to Malaysia.[/I] The range of cars being exported includes left-hand drive as well as right-hand drive Polo and Vento cars. Mexico has been the single largest export market for Volkswagen India where over 80% of the export volume was shipped in 2015.



Dr. Andreas Lauermann, President & Managing Director, Volkswagen India Private Limited said, “Volkswagen set up its Indian operations especially for the domestic Indian market and we still continue to focus primarily on our local customers and their demands. However, with fluctuations in the domestic demand and the currency exchange, it became necessary for us to establish a second strong leg of our operations here in India. Since a Volkswagen made anywhere in the world follows the same quality and engineering standards, we were able to impress several export markets and create a demand there with our cars built in India.” He further added, “The acceptance and rising demand from a variety of markets and consumers from Asia to America stands a testimony to the global standards and state-of-the-art manufacturing that we undertake here at the Pune Plant.”
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Old March 21st, 2016, 08:39 AM   #165
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Cc ET
Cummins to add 500 jobs, invest Rs 1,000 crore in India R&D unit
Diesel engine maker Cummins Inc plans to invest Rs 1,000 crore in the expansion of its research and development centre in India.


NEW DELHI: Diesel engine maker Cummins Inc plans to invest Rs 1,000 crore in the expansion of its research and development centre in India, touted as the company's biggest outside of the US. Indiana-based company has 1,500 engineers at its technical centre in Pune, to which it aims to add 500 more over the next year.

"Investment in the R&D centre will be completed by the end of 2016," said Anant Talaulicar, chairman at Cummins Group India. "India is among our top five markets and tech capabilities available here will grow significantly once the investment is completed."

The technical centre is part of Cummins Technologies India Pvt Ltd, a wholly-owned subsidiary. Talaulicar said Cummins has technology for Euro Stage VI diesel and natural gas commercial vehicles and once the Indian government notifies the norms for Bharat Stage VI, the company will step up research and development for localising the solutions for the Indian market. "The challenge is to arrest the price increase on account of upgrading to BS VI emission norms," he said.
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Old March 21st, 2016, 04:03 PM   #166
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Cisco selects Pune as its India manufacturing unit Read more at: http://economictimes.indiatimes.com/articleshow/51442236.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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VISHAKHAPATNAM: US-tech giant Cisco has zeroed in on Pune for its manufacturing a unit in the country as it looks to scale up its presence here, eventually making India an export hub.

The company, which has over 10,000 headcount in India, had last year said it will commence manufacturing in India.

"...We are committed to Pune. We view this as a set of strategic initiatives which together produces outcomes... We see India leading as a fast innovation leader.
.We have been looking at this (manufacturing) for several years and we knew that this was important and the site (Pune) was selected," Cisco Chairman John Chambers told PTI.


Read more at:
http://economictimes.indiatimes.com/...campaign=cppst

Read more at:
http://economictimes.indiatimes.com/...campaign=cppst
http://economictimes.indiatimes.com/...w/51442236.cms
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Old April 6th, 2016, 04:53 PM   #167
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Eaton to set-up innovation centre in Pune

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PUNE, APR 6:
Power management company Eaton has announced its decision to establish a global innovation centre in India at Magarpatta City in Pune.

The establishment of the new Eaton India Innovation Centre (EIIC) will create a vertically integrated engineering organization that will deliver complete product design lifecycle management solutions for Eaton’s global businesses. The incubation centre of the EIIC is operational from April 2016.

Sudhakar Potukuchi, vice president – Technology, will head the EIIC.

In a statement, Eaton’s executive vice president & chief technology officer, Ram Ramakrishnan said, “The EIIC will be an integral part of Eaton’s global engineering footprint. The establishment of this centre is in line with Eaton’s commitment to achieving global technology leadership through its focus on innovation.”

“We believe in helping our customers address their most critical power management challenges. We deliver technologies that help our customers across the globe manage power more efficiently, sustainably and safely in buildings, aircrafts, trucks, cars, machinery and businesses,” he added.

On the opportunities that the EIIC brings in for the engineering talent in India, Sudhakar Potukuchi said, “The combination of virtual and physical labs at the EIIC shall provide engineers an opportunity to significantly enhance their engineering experience and capabilities.”

With seven manufacturing sites, 18 key locations and over 4,800 employees, all of Eaton’s businesses - electrical, hydraulics, vehicle and aerospace, are well represented in the country. Besides, services from India are also enabling Eaton globally to innovate, continuously improve processes, make effective decisions, strengthen customer focus and create value and competitive advantage.
http://www.thehindubusinessline.com/...cle8442143.ece
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Old April 6th, 2016, 04:54 PM   #168
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EMC opens advanced R&D centre in Pune

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PUNE, APRIL 5:
EMC Corporation has opened its second R&D centre in India at Pune. The company already has a Centre of Excellence (CoE) in Bengaluru.

The second CoE in India has 1,37,000 square feet of usable office space, including a latest Executive Briefing Centre, and will enable EMC to further advance its mission to help customers transform their business by creating their digital future and modernise, automate and transform IT through cloud computing, it said in a statement.

"India continues to be a key source for technology innovation, outstanding engineering talent and significant business potential,” Howard Elias, President and COO, Global Enterprise Services at EMC Corporation, said.

“India is important to our strategic global growth plans. The EMC CoE in Pune will play an important role in helping EMC deliver comprehensive, next-generation technology solutions for our customers,” he added.

EMC’s first CoE in Bengaluru was opened in 2003 to advance the company’s globalisation goals, accelerate R&D efforts and expand services by leveraging India’s vast pool of highly skilled engineering talent.
http://www.thehindubusinessline.com/...cle8436815.ece
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Old August 17th, 2016, 04:36 PM   #169
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Amul to set up Rs 120 cr ice cream factory in Pune

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The factory is expected to be operational in 12 to 18 months and it will benefit thousands of local milk producing farmers in the region.

Amul, India biggest milk producer has announced plans to set up an ice cream manufacturing facility at Khed City in Pune with an investment of Rs 120 crore. The factory is expected to be operational in 12 to 18 months and expected to benefit thousands of local milk producing farmers in the region.

Dr. K Rathnam, Managing Director, Amul Dairy recently signed a MoU with Khed Economic Infrastructure Pvt. Ltd. (KEIPL) for the purpose.

Khed City is being developed over 4,200 acres by KEIPL, a joint venture between Kalyani Group and Maharashtra Industrial Development Corporation (MIDC).

“Pune is our largest market for Amul Ice-Cream and currently there is a problem in supplies. We have got around 11 acres land in Khed City for our new plant. The facility is planned to commence operation within eighteen months”, said Dr. Rathnam.

Apart from ice cream, Amul will manufacture other milk products at this facility. The venture is expected to economically benefit the region.

Besides, local milk producing farmers can benefit from the veterinary services extended by Amul and also have access to high milk yielding fodder which will be made available to the participating farmers through the co-operative.
http://www.thehindu.com/business/Ind...cle8999417.ece
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Old October 13th, 2016, 11:46 AM   #170
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cc Bloomberg

http://www.bloombergquint.com/busine...ext-export-hub

U.S. based technology giant Cisco will commence its manufacturing operations in Pune early next year as part of its efforts to scale up operations in India and eventually make the country an export hub for its products.
India is the 12th country, joining nations like the U.S., Mexico, China, Brazil and Malaysia, to house Cisco's manufacturing facility.
While the company did not disclose the investment details and number of jobs that will be created, it said the move will help further drive its strategy of having a presence across development, sales and now manufacturing in India.
"India is a place where we invest across all aspects of our business and increasingly, we see a significant opportunity to look at new areas of innovation," Cisco CEO Chuck Robbins told PTI.
Adding manufacturing to India operations would create a "unique capability" for Cisco in the country as the company already has teams involved at every stage of its products -- right from early inception, design and development all the way to supply chain, he said.
Cisco will use the India manufacturing operations to produce and ship orders for customers in India, as well as for testing, development, logistics and in-house repair capabilities.
"Typically, we start with a sub-set of products and that is what we will do here, so I think we are starting with routing and switching platforms and then we will continue to add more and more capabilities," he said.
The first customer shipment will be in early calendar year 2017.
Over time, we would like to see this become a hub for us to build products that are serving other countries in addition to India. We are starting with just providing for India,
Chuck Robbins, CEO, Cisco
India is one of the fastest growing markets for Cisco globally. With about 11,000 of its 73,000 people worldwide located in India, the country is the second largest site for the company. With 20 per cent growth in its business last year, the US-based firm is actively participating in various government initiatives like Digital India, Make in India and Skill India.
Robbins, who called on Prime Minister Narendra Modi last year as part of his India visit, said that the company is working on many "big projects" around areas like Digital India and smart cities.
"We have partnered six countries (on digitisation) around the world and I would say India is one of the top two relative to our progress on a global basis... We lined up against the five big areas that the PM has -- Digital India, Make in India, Cyber security, smart cities and skilling and we created a set of efforts in all those areas," he said.
The other countries include France, Germany, Italy, the UK and Israel.
Cisco’s Chuck Robbins with Maharashtra chief minister Devendra Fadnavis at the Cisco event in Mumbai on Oct 12. (Photographer: Aayush Ailawadi)

Cisco is also partnering with the Maharashtra government to roll out smart city solutions in Nagpur to enable city-wide network connectivity, smart and secure Wi-Fi hotspots and smart safety and surveillance solutions.
Robbins said Cisco is engaged in 14 smart city projects in India and sees huge potential in the segment.
Besides, it also plans to establish up to 25 Cisco Networking Academies in the state to train about 10,000 students by 2020. The skills-development programme helps students learn how to design, build, secure and maintain computer networks and prepare for jobs in the digital economy.
The company is also betting big on startups in India, allocating funds for entrepreneurs working on smart solutions.
One of these programmes is Launchpad, that was announced recently to co-develop solutions with start-ups, developers and partners to address demands around digitisation.
Cisco is also collaborating on the state-wide rollout of broadband infrastructure to accelerate the Digital Maharashtra vision.
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Old June 30th, 2017, 03:45 PM   #171
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China’s Midea Group to invest Rs 800 crore for Pune plant for making appliances

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Placing India high in its scheme of things, Chinese appliance maker Midea on Friday announced a Rs 800 crore investment to set up a manufacturing facility in Pune.

The unit will have a production line for appliances such as refrigerators, washing machines and water appliance products. Spread over 43 acres in Pune, the facility will employ 500 people and be operational by 2018-end.

Besides, Midea would also set up an R&D centre, which will develop India specific products, and invest into manufacturing of key components as compressors and water pumps through group’s parts and components divisions GMCC and Welling at Pune.

“India is a key market in our global growth strategy and will be an important manufacturing hub in future,” Andy Gu, Midea Group vice-president, said.

He added: “Our investment is an example of Midea’s belief in the Indian market and reiterates our commitment to Make in India.”

The new facility will also provide export opportunity to the company besides meeting domestic demand. It will have capacity to manufacture 5 lakh refrigerators, 6 lakh washing machines and 10 lakh water appliances.

“We are also going to invest into key component manufacturing as 4 to 5 millions compressors and we are also going to build motors for our appliances, probably 6 millions,” he added.

Ads by ZINC


Midea group’s part and component divisions GMCC, which is world’s one of the largest compressor manufacturers, will invest into the facility.

“This would be part of the Rs 800 crore investment. This would start with for airconditoners but it would also be for refrigerators later,” he added.

On being asked that how the company would establish in the segment which is highly competitive now, Gu said: “The Indian market has huge space for growth as the penetration level in India is very low in appliance segment and we are confident.”

Besides, Midea would explore export opportunities from here although it would primarily focus on the domestic market.

“When we set up a factory, we also look into possibility of export business,” he added.

Founded in 1968 in Guangdong, China, Midea had a sales revenue of nearly $24 billion in 2016. It is a leading global player in consumer appliances, HVAC systems and robotics and industrial automation systems.

In 2012, Midea had formed a joint venture with US-based heating, ventilating and air conditioning (HVAC) systems - Carrier Midea India Private Limited (CMI) and has a pan-India distribution network for air-conditioners.
http://www.hindustantimes.com/busine...rft2K5zDP.html
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Old August 10th, 2017, 03:28 PM   #172
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American diesel engine specialist Cummins to put Rs 1,500 crore in Pune tech unit

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PUNE: American diesel engine specialist Cummins is setting up the group's biggest technology centre in Pune at a cost of Rs 1,500 crore. The proposed Cummins Technical Centre in India (CTCI) will come up on a 16-acre campus at Kothrud on the outskirts of Pune.

It will develop electric and hybrid vehicle solutions, including affordable emission technologies, with the help of 2,500 engineers, according to Sandeep Sinha, chief operating officer of Cummins Group India.

The ..

Read more at:
http://economictimes.indiatimes.com/...campaign=cppst
http://economictimes.indiatimes.com/...w/60000376.cms
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