India-Made Jeep Compass Now Sold in Japan, Australia

 Fiat Chrysler Automobiles, India, shipped its first batch of 600 right-hand drive units of the made-in-India Jeep Compass from the Bombay Port Trust facility to Australia and to Japan. The SUVs are produced in the company’s Ranjangaon factory situated near the city of Pune, and have over 65% localized  Indian content. The company will ship more of these cars to other international markets through the ongoing quarter of 2017.

FCA Jeep

Commenting on the defining moment, chief executive of Fiat India Automobiles Private Limited Gurpratap Boparai said, “Our resolve has been to ensure timely delivery of a world-class product, made in India, to Indian as well as our international customers.”

Kevin Flynn, president and managing director of the company said, “We are looking forward to a strong 2018 when production will be at full pace delivering on target domestic and export numbers,” reports IndianCarsBikes.in.

December 7, 2017   No Comments

Atlantic Council Proposes Recommendations for India

In its report The Sino-Indian Clash and the New Geopolitics of the Indo-Pacific authored by the South Asia Center of Washington-based Atlantic Council made a series of recommendations to help India meet security challenges.

Highlights of the Report authored by Robert A. Manning and Bharath Gopalaswamy, as reported by Live Mint are:

  • India should propose regular India-U.S.-China talks at least on an annual basis, perhaps on the margins of the G20 or the East Asian Summit meetings aimed at minimizing the risk of misperception or miscalculation.
  •  India and the U.S. should enhance joint maritime patrols in the Indian Ocean.
  • United States and India must boost bilateral security cooperation in the Asia-Pacific.
  • India should also seek assistance from Japan and the United States in developing its indigenous shipbuilding capabilities and should consider permitting Australia to join the Malabar exercises to resurrect the initial Quadrilateral grouping.
  • India should improve its carrier aviation capacity, which will help maintain sea control in the Indian Ocean.
  • The United States can play a major role in helping India modernize its unmanned aerial vehicle fleet.
  • India must seek to improve its space surveillance capacities. India already possesses a developed space program which it must utilize to serve practical military needs.
  • India should establish forward bases to advise the military of neighboring countries. India could set up a brigade for each South Asian nation (other than Pakistan), which would take on the responsibility of training and advising the military of those countries.
  • India could also create a satellite campus of the National Defense Academy, or an entirely new academy, to train greater numbers of Bhutanese/ Nepali/ Bangladeshi/ Sri Lankan troops in India.

The report noted that as a democracy and a committed market-oriented economy, India appears more focused than China on the rules-based global order, while trying to build a larger role and expand its voice and influence within it.

Flags of US and India

November 11, 2017   No Comments

India to Get its First Cartoon Network Themed Park

Turner International India, a division of New York City-based Times Warnerand the Rajgreen Group of Companies based in Gujarat, India, announced a 10-year partnership in Amaazia — India’s first Cartoon Network-branded amusement park. The Rajgreen Group invested $66 million in the venture which is located at Surat in the state of Gujarat. Amaazia is expected to be operational by the first quarter of 2019. 

Spread over 657,00  square feet, the park has been conceptualized and designed by the Sanderson Group, Australia. Planned as a family entertainment destination, the park will have 33 rides and attractions featuring popular Cartoon Network characters, 20 unique water-slides, a water park, a family recreational hub, and a retail shopping area. The venture aims to tap one million footfalls in its first year of operations, reports Business Line

Sanjay Movaliya, chairman, Rajgreen Group, said, “Our audience today is well-travelled and exposed to global entertainment venues. Our aim is to create a similar experience closer home, via our association with a hugely popular global brand like Cartoon Network.” 

A section of a roller coaster

According to a KPMG report, the Indian theme park industry grew at 10.25 per cent in 2016 to reach $466 million, up from $426 million in 2015.

November 10, 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

Margins, Market Shares Rise at Indian Telcos

A research report by UBS Securities shows that there is a strong correlation between margins and revenue market share of telecom operators in India and indeed, in all of Asia. In India, the UBS research focused on the top three telecom operators in India in terms of revenue: Bharti Airtel, Idea Cellular and Vodafone India, and the figures are per the table below:

Telecom Operators Revenue Market Share EBITDA Margin
Bharti Airtel 30.3 percent 38.9 percent
Vodafone India 21.3 percent 31.1 percent
Idea Cellular 19.4 percent 27.8 percent

Telecom Lead says the report indicates that the merger between Vodafone India and Idea Cellular will increase EBITDA margins for both operators.

This correlation is also seen across telecom operators in the Philippines, Indonesia, South Korea, Thailand and Australia.

Telecommunication Tower

May 7, 2017   No Comments