Category — Industrial Goods
Startup Flutura, located in Bangalore, India, makes an IoT product that captures data streaming from various sensors on machines to analyze their health and predict problems. Derick Jose, co-founder of Flutura, describes its IoT product Cerebra as a “Fitbit for machines.”
The Cerebra platform connects assets used in industries to correlate, analyze, make intelligent predictions and provide actionable insights with the data it receives from the assets to help create smart factories, reports Forbes.
In the U.S., Cerebra IoT Signal Intelligence harvests asset signals for a leading airport reducing millions of dollars in delays; it effected revenue generation of $120 million across the first 3 years for a large Houston-based oil and gas OEM; it optimized vessel speed to minimize Total Fuel Consumption to improve the performance of vessels. This resulted in savings of up to $300,000 per year for large vessels for the largest North American Vessel Classification Society.
October 13, 2016 No Comments
Swiss financial services company, Credit Suisse recently spent time in India to ascertain the status of mineral resources and commodities. “India looks to be firing at last,” was one of the headings in the bank’s report. The investigators had meetings with government agencies and companies in Delhi, Kolkata and Mumbai, focusing on demand for bulk companies such as coal and iron ore,as also fertilizer and aluminum.
The bank remarked that the best opportunity for miners looking for market opportunities in India, was copper since India had limited supplies of the mineral. It also warned against selling iron ore and coal to India since with problems of bulk commodity distribution being overcome, India was self sufficient in these minerals, reports Forbes.
“We came away convinced that India really is on the cusp of a major growth phase,” the bank said. “Companies pointed out the positives they see from government policies; an anti-corruption focus, a level playing field without favoritism, clear high level policies, and government ministries and State-owned companies driving to implement the policies, and overcoming many problems of the past.”
September 27, 2016 No Comments
Leicestershire, U.K.-based Electrolube, maker of electro-chemicals, established a new manufacturing facility in Bangalore, offering the advantages of shorter lead times and reliability of supply. Electrolube India has run a successful technical sales operation in the city since 2012, reports EMSNow.
The new factory, which will start operations in August 2016, will have an initial focus on the production of encapsulation resins, conformal coatings and thermal management materials. Electrolube managing director, Ron Jakeman, commented, “India is poised to become one of the world’s prime electronics manufacturing regions. Both export and local markets are booming and demand for specialized services and products, such as those provided by Electrolube, is growing rapidly.”
Electrolube India’s sales manager, Padmanabha Shaktivelu, added, “Electrolube’s business and reputation have grown exponentially since our initial opening in India four years ago. There is enormous potential for growth in India with endless opportunities for Electrolube’s specialty products to help customers find new solutions to old problems. We have also discovered that local manufacturers are keen to enhance their green credentials and we will be investing further in promoting our eco-friendly, aromatic-free conformal coatings and water-based cleaning solutions, as well as the full range of coatings, greases, resins and cleaning products.”
July 11, 2016 No Comments
To increase the efficiency of major ports, a new berthing policy for dry bulk cargo will be in place from August 20, the government announced. According to India’s Ministry of Shipping, the new policy will provide a standardized framework for calculation of norms, specific to the commodity handled, and the infrastructure available on the berth. It will reduce berthing time and overall turn-around time of ships, and drive higher cargo throughput using the available infrastructure in major ports.
July 8, 2016 No Comments
Tata Sons’ Group Technology and Innovation Office (GTIO) aims to rollout the first of the four high-tech products it is working on in the next two years, says Group Technology Officer Dr. Gopichand Katragadda.
He said GTIO is working on four specific products — a smartwatch for industrial workers being tested on Tata Steel’s workforce, a drone-based pesticide spraying system, a factory and fleet analytics system, and an allotrope of carbon called graphene, which he said will take longer (about five years) , reports Silicon India News.
The Tata Group is India’s biggest spender on research and development, and last year, it spent 2.7 per cent of its $110 billion revenue on R&D and innovation.
“When you are doing business incubation, the tech risk has been retired. We are in an area where the tech risk is not retired. GTIO is in the business of identifying those risks which are worth taking and retiring the technical risks.
“Once the technical risks are retired, we will try to find an avenue to incubate the business. The fun part of it is that you get to work with latest technologies in an environment where there is a lot of creative freedom,” Katragadda added.
May 23, 2016 No Comments