Category — Industrial Goods

American Energy Exports to India Grow

U.S. Energy Secretary Rick Perry will visit India this month to further enhance a recently added component in bilateral ties — energy trade. Last year India bought $2 billion worth of American crude oil from the  via  India’s state-owned Bharat Petroleum Corporation Limited, Indian Oil Corporation, and Hindustan Petroleum Corporation Limited

Rick Perry

Rick Perry, U.S. Energy Secretary

The Trump administration removed regulations that had restricted oil and coal production, leading to a ramping up of fossil fuels production in the last year. “Energy is an important area to focus on to reduce the trade imbalance between the two countries. India needs a lot of energy and the U.S. has it in abundance,” pointed out Nisha Biswal, president of the U.S.-India Business Council.

Both state-owned and private sector companies in India have invested approximately $5 billion in shale assets in the U.S. Natural gas imports from the U.S. are also on the rise. “The U.S. India Strategic and Partnership Forum (USISPF) believes natural gas generation can be integrated with renewable energy to increase energy reliability and advance economic development in India and we’ve advocated for this discussion to be raised during the upcoming bilateral discussions in Delhi,” said Nolty Theriot, USISPF vice president of Policy & Advocacy.

February 5, 2018   No Comments

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