Category — Manufacturing Technology

Foxconn to Invest $5 Billion in India

Taiwan-based Foxconn, the world’s largest contract manufacturer for electronics, will invest up to $5 billion in India to make the country a parallel manufacturing hub to China for export to key markets across Europe and the U.S. In India, Foxconn is keen on investing in a display fab unit, Computer Numerical Control machines, a lithium-ion cell factory, and facilities for printed circuit boards.

An executive of the company said, “India is already high on our priority list, and we now plan to step up investments and business here by opening new factories and expanding the manufacturing footprint.” The expansion will create employment opportunities in the country , the official said, adding that the company is in serious talks with many state governments.

Foxconn Logo

Foxconn manufactures phones for companies such as InFocus, Oppo, Xiaomi, Nokia and Gionee from its existing facilities in India. The official said that Foxconn will look at “vertical integration” for its operations in India, reports the Economic Times.

August 31, 2017   No Comments

Jeep Compass Sales in India Exceed Expectations

Fiat Chrysler Automobiles is close to making more revenue in India than it invested in a factory at Pune, 90 miles from Mumbai, due to strong customer response to the Jeep Compass SUV it launched in late July.
“It is expanding into the world’s largest markets such as India that is fueling our growth and accelerating our expansion,” said Paul Alcala, who heads the company’s operations in Asia.
Jeep Compass

Jeep Compass

The Economic Times reports that the Italian-American automaker has so far secured orders for 8,171 units of Jeep Compass 2017 worth $245 million in India; the company has invested $280 million in the factory.

Fiat Chrysler Automobiles is ramping up production and is working toward a 25% more output than initially planned. The company says it will operate two shifts for six days a week for the first time since the plant was set up a decade ago. Production of export-designated vehicles has not started yet.

August 28, 2017   No Comments

SunTrac Collaborates with India’s Perfect Infraengineers

SunTrac Solar Manufacturing LLC., a Wyoming limited liability company with its office in Tempe, AZ, entered into a collaboration with Mumbai, India-based Perfect Infraengineers.

Perfect Infra now has the license to manufacture SunTrac’s hybrid thermal systems, a proprietary technology, that integrates with heating, ventilation and air-conditioning, and refrigeration devices reducing compressor electricity consumption by up to 40%. Perfect Infra will also market and distribute these products under the ‘Perfect-SunTrac’ name.

These panels work on cloudy days, as long as the light available can cast a shadow, with visible light and invisible  ultraviolet-A and ultraviole-B rays. Perfect will provide ready-to-install systems with solar collectors and the necessary smart controls.

SunTrac Hybrid Thermal Systems

SunTrac Hybrid Thermal Systems

Perfect Infraengineers chairman and managing director Nimesh Mehta said that his company will fulfill SunTrac’s global order flow from the Middle East/North Africa regions, Australia and Asia, reports BusinessLine.

August 28, 2017   No Comments

India Rolls Out Trains with Solar Powered Cars

State-owned Indian Railways launched the country’s first solar-powered train with rooftop solar panels that power the lights, fans, and information display systems inside passenger cars. Although the train will still be drawn by a diesel-powered locomotive, a set of 16 solar panels atop each car will replace the diesel generators that typically power these appliances. The Railways estimate that a train with six solar-powered cars will save approximately 5,548 gallons of diesel every year, worth around $18,000.

Solar panels on railway cars

Quartz says that the rooftop solar system was developed by Noida-based Jakson Engineers, under the direction of the Indian Railways Organization for Alternate Fuels. “It is not an easy task to fit solar panels on the roof of train coaches that run at a speed of 50 miles per hour. Our engineering skills were put to a real test during the execution of this rooftop solar project for Indian Railways,” Sundeep Gupta, vice-chairman and managing director of Jakson Engineers

Indian Railways has ambitious plans for solar: by 2020, the state-run transportation network plans to generate around 1,000 megawatts of solar power, which could be scaled up to 5,000 megawatts by 2025.

 

 

August 22, 2017   No Comments

India Records Highest Market Share in Knitwear Exports to U.S.

India’s garment exports to the U.S. reached top position in market share in the ‘men/boys cotton knitwear shirts’ category for the first six months of 2017.

According to data released by the Office of Textile and Apparel, of the U.S. Department of Commerce, India exported 8.5 million dozen men/boys cotton shirts to the U.S. India’s share in men/boys knitwear shirts imports by the U.S. stood at 8.7 percent in June.

knitwear shirts

Exporters explained that since the U.S. market offers a level playing field, they were able to compete with other countries, but the recent appreciation of the rupee against the dollar will be a  hurdle going forward, reports the Business Standard. Vietnam stands second in the same category of exports, followed by Bangladesh.

 

August 17, 2017   No Comments