Category — Industrial Goods

Stratasys Ltd., Sets Up India Operations

Minnesota-based Stratasys, the manufacturer of 3D printers and 3D production systems for office-based rapid prototyping and direct digital manufacturing solutions, is setting up shop in India. The company inaugurated its first 3D Printing Experience Centre in Bangalore, where its range of professional 3D printers have been displayed.

Since the past ten years Stratasys has sold its products in India through its dealers, and after seeing over 60 percent year-on-year growth in the India business it decided to set up its direct presence.

MakerBot Replicator

MakerBot Replicator

“India is already one of the fastest-growing markets for us and we expect to see over 50 per cent year-on-year growth in the country for at least the next few years,” Omer Krieger, general manager, Asia Pacific and Japan, at Stratasys, told The Economic Times. Currently, Stratasys sells only its professional range of printers that cost between $10,000 and $600,000 each. Krieger said the company is also planning to bring its consumer printing brand MakerBot to India, which has products starting from $1,375.

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May 8, 2015   No Comments

Harsco Supports India’s Largest Stainless Steel Producer

Harsco Corporation, the global industrial company, announced it has begun operations on its  multi-year contract to provide onsite material processing services to India’s largest stainless steel producer, Jindal Stainless Limited.

Pennsylvania based Harsco’s services include specialized process technologies for recovering metal from stainless steel slag co-products — Harsco has consistently generated metal recovery rates above 99 percent at its similar operations throughout the world, said a report in CNN Money. The metal content recovered by Harsco is immediately available for reuse in the production of new steel, while Harsco develops a number of commercial products from the residual metal-free slag material. These products, which range from agricultural fertilizers to construction materials, offer environmentally-beneficial commercial applications that provide a near-zero waste stream alternative to costly and harmful landfills.

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April 29, 2015   No Comments

Modi’s Visit to Canada Focuses on Trade, Investments, and Nuclear Ecosystems

Indian Prime Minister Narendra Modi will arrived  in Canada on Tuesday April 14 for a three-day tour of the country. He is the first Indian prime minister in more than 40 years to conduct a bilateral visit to Canada. He is scheduled to meet with political officials, business and financial leaders, and other institutional investors.

In an interview with Economic Times, Nadir Patel the Canadian High Commissioner to India said, “A range of areas will be covered, spanning clean and renewable energy, hydrocarbon supplies, agri products, science and technology, skills and education.

“Investments in India’s infrastructure sector will be among the priorities. Canada Pension Plan, which has already established its presence in India, could increase the size of its investments. Pension is long-term investments that can fund infrastructure projects in India.

“New areas will also be explored and among those is defense cooperation. The two sides could join hands in joint research and co-development in defense equipment. Defense technology and electronics would be areas where Canada is keen to collaborate with India.”

Patel went on to say that there was a strong likelihood that a deal to supply uranium to India would be signed during this visit, “but we are looking at a bigger scope of nuclear partnership. Canada has a lot to offer in nuclear ecosystem including expertise in nuclear waste management and reactor technology.”

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April 9, 2015   No Comments

GE Opens Manufacturing Plant in Pune

Inaugurating US-based General Electric’s first multi-modal manufacturing plant in India, Prime Minister Narendra Modi pitched his Make in India campaign and invited GE to manufacture ships in India. Modi said, “The opportunities for manufacturing in India are immense. We are blessed with demographic dividend.”

The $200 million new plant is as much path-breaking for India as it is for the 136-year-old GE. It is the result of thinking that began within GE about three years ago: How can the company harmonize its various operations for better economies of scale and better use of capital? The answer was a multi-modal facility. The unit will manufacture a range of diversified products for sectors like energy, aviation, and oil and gas transportation.

GE's Multi-Modal Factory in Pune

GE’s Multi-Modal Factory in Pune

Salient Features of the Facility

  • Employment opportunities for over 1500 people
  • Currently comprising over 25% female employees
  • Covering an area of 68 acres
  • 250,000 square feet, scalability potential to 1 million square feet

Sharing his comments, John G. Rice, vice chairman, GE said, “Today signifies a proud milestone for GE in India and the next step in our technology and innovation partnership, a journey that started over 110 years ago. Our operations here in Pune help us to compete locally and globally and play an important role in the resurgence of India’s manufacturing sector and in the country’s growth and development.”

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February 22, 2015   No Comments

Rolls-Royce and KOEL, India to Build Gensets for Nuclear Power Plants

Kirloskar Oil Engines Ltd. (KOEL) based in Pune, India, has signed a MoU with MTU Friedrichshafen GmbH (MTU), Germany, for stating intent of co-operation for future business whereRolls-Royce will supply MTU Engines and key components and take responsibility for basic engineering and generating set configuration. KOEL, as a main contractor to Nuclear Power Corporation of India Ltd., will integrate the systems and assemble and test the equipment on site in India.

Dr. Michael Haidinger (in the middle) and Rajendra R. Deshpande (left)

Dr. Michael Haidinger (in the middle) and Rajendra R. Deshpande (left)

“Working together with KOEL, we see good chances of gaining entry into the emergency genset market for nuclear power stations in India,” said Dr. Michael Haidinger, CSO of Rolls-Royce Power Systems.

Rolls-Royce expects India to focus on nuclear power  in the coming decades with the industry expected to supply a quarter of India’s electricity demand by 2050, NuclearStreet reported.

“This cooperation is enabling us to pool our own experience and expertise as a local supplier with the technological leadership of MTU in the area of NPP emergency gensets,” said Rajendra R. Deshpande, executive director of Kirloskar Oil Engines Ltd, during his visit to Friedrichshafen.

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February 5, 2015   No Comments