Category — Industrial Goods

Brakes India and ZF Launch Electric Park Brake Technology

Germany-based ZF Friedrichshafen AG, together with Brakes India, — a joint venture between ZF-TRW and the Chennai, India-based TVS group — announced an India-specific Electric Park Brake (EPB) technology. The JV tied up with a global OEM (whose name is not disclosed)  to develop this technology, a first for India.

“EPB localization is in line with the ‘Made in India, Made for India’ strategy,” said Sriram Viji, deputy managing director, Brakes India.

EPB SystemThe EPB system functions as a conventional hydraulic brake for standard service brake applications, and as an electric brake for parking and emergency braking, reports BusinessLine.

Manfred Meyer, global vice-president, Braking Engineering for ZF said, “We have now produced more than 90 million units and are the world leaders in this technology.”

October 8, 2017   No Comments

U.S. Ranks as #1 Destination for India’s Engineering Products

According to data from the state-sponsored Engineering Export Promotion Council of India, the U.S. ranks as India’s number one destination for engineering products with shipments aggregating $2.9 billion between April and July of the current fiscal.

UAE, with shipments of $1.78 billion occupies the second slot among the top 25 destinations for the engineering exports, while Mexico is at third position with $921 million worth of engineering goods purchased from India. Other major destinations for the engineering products include U.K., Germany, Italy, China, Singapore and Bangladesh, reports the Economic Times.

EEPC LogoEngineering Export Promotion Council of India’s chairman Tarvinder Singh Bhasin said, “There is no doubt the U.S. economy is doing well resulting in better shipments of our engineering goods, showing a cumulative growth of 37 percent between April-July 2017. But for an unabated rise in rupee value, our performance would have been even better.”

October 2, 2017   No Comments

Danfoss India Targets 50% Localization by 2020

Danfoss Industries, the Indian arm of the Nordborg, Denmark-headquartered Danfoss, which makes a range of industrial products for heating, cooling and energy efficiency, is aiming to increase manufacturing localization to up to 50 percent by 2020.

Danfoss India president Ravichandran Purshothaman said the company manufactures 20 percent of its products locally while the rest are imported. “We have invested a lot in R&D in the last few years and will continue to further invest in innovation and technology so that we can manufacture products locally, which we can even export to other markets,” he added. Danfoss has three manufacturing units in India, with the largest in Chennai spread over 50 acres, which also houses four R&D labs, reports Money Control.

Danfoss President India, Ravichandran Purushothaman

Ravichandran Purushothaman

Purushothaman explained that to increase the company’s production capabilities, they will have to strengthen and double their supplier base. “There is huge scope for expanding in Maharashtra, Gujarat and southern states” he said.

 

September 27, 2017   No Comments

Symphony Ventures Establishes Development Center in India

London based headquartered Symphony Ventures, a global services firm specializing in Robotic Process Automation and Intelligent Automation, commenced operations at a Development Center in Bangalore, to serve India, the Middle East and Asia Pacific.

The firm plans to recruit 150 consulting and technology staff within the next twenty four months to provide consulting, implementation, managed services, and training to enterprise clients within the region, reports Enhanced Online News.

Robot

“… the demand for Symphony’s services is growing rapidly and our new operation in India is a critical element in our overall growth strategy,” said David Brain, COO, Symphony Ventures. “The region is a very attractive base for recruiting great talent and has a strong presence of large enterprises and global shared service centers.”

September 17, 2017   No Comments

U.S. Companies to Ship 1.6 million tons of Ethane to India

Planning to replace natural gas and naphtha at its petrochemical plants, Mumbai-based Reliance Industries Limited will procure 1.6 million tons of ethane from three companies in the U.S.

Reliance Industries has three joint ventures in America: one with California headquartered Chevron Corp, in which it has invested $1.7 billion; the second with Houston-based Carrizo Oil & Gas Inc, in which it has invested $392 million; and a third with Dallas-based Pioneer Natural Resources Co., in which it has invested $1.5 billion.

Ethane is expected to be produced in large volumes in North America due to the shale gas revolution, which has generated an abundance of liquefied natural gas, and liquefied petroleum gas, reports the Times of India. Amit Mehta, head of Reliance’s gas business, said that the company has contracted ethane supplies for more than 20 years from America.

Reliance Industries will get its requirement from Marcellus Shale a Middle Devonian age unit of marine sedimentary rock in the Appalachian Basin of eastern North America, and from Texas’ Eagle Ford Group a sedimentary rock formation deposited during the Cenomanian and Turonian ages of the Late Cretaceous period.

Reliance Industries

Reliance Industries

August 31, 2017   No Comments