Industrial India- A Glimpse in Trends
Posted : June 6, 2006 at 6:24 am [IST]
Rolls Royce likely to outsource R&D, design services to India: Super luxury carmaker Rolls-Royce Motor Cars is likely to source design and R&D services from India. “Rolls-Royce would look at the option of outsourcing some of the designing, prototyping and R&D to our parent BMW’s R&D centre to be set up in India. This will help us in achieving a high degree of customisation of our cars to Indian conditions, without compromising on the quality,” said Colin Kelly, regional director, Asia Pacific, Rolls-Royce Motor Cars
Jindal Steel to invest $2.3 bn in BoliviaThe Naveen Jindal-controlled Jindal Steel and Power Ltd (JSPL) has finally bagged the El Mutun iron ore mines in Bolivia. With deposits of 40 billion tonnes, the mines are believed to be one of the largest iron ore reserves in the world. Apart from developing the mines, JSPL would set up a fully integrated steel plant with a capacity to produce 1.7 million tonnes per annum (MTPA) of long products, 6 MTPA of sponge iron and 10 MTPA of pellets, and supporting infrastructure, including a 400 Mw power plant and a rail or road link to the nearest river port. It is expected to provide direct employment to 2,000 people and indirect employment to 10,000 people in Bolivia, South America’s poorest country. Out of the total investment of $2.3 billion, about 20 per cent would go into mining and the balance 80 per cent in setting up the integrated steel plant.
Punj Lloyd buys 88% in Sembcorp arm Engineering and construction major Punj Lloyd Ltd has acquired 88 per cent stake in Singapore-based SembCorp Engineers and Constructors (Semb E&C) for Rs 102.6 crore. Semb E&C is a wholly owned subsidiary of Singapore based utility group Sembcorp Industries. At present, Punj Lloyd provides engineering construction services in the oil and gas sector for pipelines, tanks and terminals, process facilities, and in the infrastructure sector for construction of highways and expressways, power plants and high specification buildings besides value added engineering and plant and facility maintenance. SembCorp Industries has operations throughout Southeast Asia, China, India, UK, West Asia and Russia. It is Southeast Asia’s largest engineering and construction company outside Japan, China and Korea with experience spanning across more than 35 countries. Semb E&C has more than 1,640 employees worldwide, including 650 design professionals.
Bilt buys Malaysian firm for $230 million: India’s largest paper maker Ballarpur Industries Limited (Bilt) on Monday acquired 75% stake in Malaysia’s largest pulp and paper mill company Sabah Forest Industries (SFI) for $230 million. SFI’s 1.5-lakh capacity will take Bilt’s capacity to 1 million tpa, which will catapult the firm into the top 50 paper companies in the world in terms of capacity. Currently, it is ranked 93 in the $370 billion global paper market. According to PricewaterhouseCoopers’ 2005 Global Forest and Paper Industry Survey of top 100 companies worldwide, Bilt’s $496 million revenues ranked it 99 in terms of revenue, compared with industry leader International Paper’s $25.55 billion.
India overtakes China in textile exports: Vaghela India has overtaken China as exporter of textiles to the US and European markets due to the cap on Chinese textiles in those countries. China’s export in the last quarter of this financial year was 9%,while that of India’s stood at 13% after the quota regime was abolished in January 2005 under the WTO agreement.
India’s software exports clocks 36.4 pc growthIndia’s software and IT enabled services exports have gone up by 36.4 per cent to $23,492 million during 2005-06 whereas its electronic hardware exports has grown by 10.3 per cent to $1965 million as against previous year, a government official has said.
Reliance to electrify 7,220 UP villages Reliance Energy Ltd, one of the flagship companies of the Anil Ambani-controlled share in the Reliance dynasty, has taken up the gigantic task of electrifying 7,220 UP villages as a part of the Rajiv Gandhi Rural Electrification Project. The company has already achieved 100 per cent electrification target in 2,200 villages and hopes to complete the remaining work much ahead of the schedule. According to sources in the Reliance industry, the company is participating in rural electrification of the state as a part of its commitment to improve the quality of life of the people of Uttar Pradesh.
India Becoming a Crucial Cog in the Machine at I.B.M On Tuesday, in Bangalore, the chairman and chief executive of I.B.M., Samuel J. Palmisano, will address 10,000 Indian employees. He will share the stage with A. P. J. Abdul Kalam, India’s president, and Sunil Mittal, chairman of the country’s largest cellular services provider, Bharti Tele-Ventures. An additional 6,500 employees will look in on the town hall-style meeting by satellite from other Indian cities. On the same day, Mr. Palmisano and other top executives will meet here with investment analysts and local customers to showcase I.B.M.’s global integration capabilities in a briefing customarily held in New York. During the week, the company will lead the 50 analysts on a tour of its Indian operations.
Maruti to roll out Nissan models India’s dream of becoming a production hub for small cars took a giant leap today when it was announced that Maruti Udyog Ltd, a subsidiary of Suzuki Motor Corporation, will make Nissan cars in the country. This is an outcome of the global alliance between Japanese car majors Suzuki and Nissan.
Railways to import wagon wheels Faced with an acute shortage of 40,000 wagon wheels, the railways are planning to import them from either East Europe or China. The Rail Wheel Factory in Yelhanka in Bangalore has already used up its capacity fully and cannot produce more wheel sets to meet the railways’ requirements. The capacity of the wheel factory, which is coming up in Chhapra in Bihar, is also expected to be increased from 50,000 to 1 lakh. However, this will take at least a couple of years.
PS
IBM to nearly triple investment in India to $6 bn
BPO: India to lead for 30 years
- Indra
Category: Industry/Management |
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