Indian Manufacturing Sector

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Singha
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Postby Singha » 02 Aug 2007 07:33

sure...we need trendy CA (ideo?), media lab or stuttgart/tokyo type design houses here too.

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Postby Singha » 02 Aug 2007 07:49

Slideshow on bangalore wannabe's around the world

http://images.businessweek.com/ss/07/07 ... hows_ssi_5

Ukraine is perhaps the only one with large enough population and educational
and scientific base to become a major player. the small countries dont
want to absorb migrants (how many indu-chini in latvia or lithuania?) and
will be gated by their working age pop.

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Postby Singha » 03 Aug 2007 17:24


Vipul
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Postby Vipul » 04 Aug 2007 17:53

L&T, Boeing tie up for aircraft parts.

MUMBAI: Larsen and Toubro (L&T) is foraying into international defence and aerospace in partnership with Boeing and EADS. The Indian engineering major has drawn up a mega plan to set up two defence and aerospace component manufacturing units in Coimbatore (Tamil Nadu) and Talegaon (Maharashtra) with an investment of Rs 500 crore.

Both Boeing and EADS have agreed to source the components from L&T for their domestic and international use.
“L&T has acquired 300 acres of land in Coimbatore for a precision manufacturing complex, the initial construction of which will take a year. The Talegaon plant will be specifically meant for supporting the weapons system,â€

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Postby Vipul » 04 Aug 2007 17:57

Reliance Ind weighs $6-b semi-conductor foray.

Reliance Industries is considering a foray into the manufacture of semi-conductors. Industry sources note that the company is planning to invest up to $6 billion over five years to set up a facility to manufacture not just silicon chips used in devices such as mobile phones and computers, but also liquid crystal display units and solar photovoltaic cells.

The project is expected to be located in the company’s upcoming Special Economic Zone (SEZ) in Navi Mumbai, and will be eligible for the range of incentives offered in the Government’s semi-conductor policy outlined in March.

According to the policy, the Union Government will contribute 20 per cent of capital expenditure for units in the SEZs and 25 per cent of capital expenditure for non-SEZ units. Incentives from State governments would be in addition to this.

To be eligible, investors need to bring in at least Rs 2,500 crore for semiconductor manufacturing and at least Rs 1,000 crore for other units coming under the ecosystem such as LCDs and organic light emitting diodes (OLED). The minimum investment norms envisaged by the Government should not pose any problem for the company. At the current exchange rate for US dollar, the projected investment translates in rupee terms to Rs 24,000 crore.

The policy, however, limits government support to two or three ‘fab’ (or fabrication) units and 10 eco-system units. A few projects have already been announced.

In February this year, SEMINDIA zeroed in on Hyderabad with a stated investment of $3-billion (about Rs 13,500 crore) to manufacture semiconductors

In March, Hindustan Semiconductor Manufacturing Corporation (HSMC) announced its plan to set up fabrication manufacturing facilities in the country at an investment of $4 billion. The Germany-based Infineon has agreed to license its technology to HSMC for the production of integrated circuits for mobile phones, ID cards and automotives for the Indian market.

HSMC plans to set up two semiconductor manufacturing facilities.

The first at an investment of $1 billion will produce chips on eight-inch wafers, and the second, for 12-inch wafers, would be at an investment of about $3.2 billion.

According to a report by research firm Gartner released on Friday, semiconductor consumption in India is estimated to grow from $2.8 billion in 2006 to $7.2 billon in 2011.

Of the total available market for semiconductors (i.e. market that is catered to by locally made semiconductors) in India, the communications electronics market holds 46 per cent followed by the data processing electronics segment, including PCs and laptops at 24 per cent. Third comes the consumer electronics segment with 22 per cent.

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Postby Katare » 04 Aug 2007 23:30

May god bless India with more Mukesh Ambanis and Ratan Tatas! They are the only hope for India to stand-up against dragons from east till our democracy matures!

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Postby vsudhir » 05 Aug 2007 01:50

Katare wrote:May god bless India with more Mukesh Ambanis and Ratan Tatas! They are the only hope for India to stand-up against dragons from east till our democracy matures!


Amen to that.

Though grassroots capitalism and entrepreneurship is finally taking roots in the country on a large scale (my mom now owns a courier company franchise and my dad has started his own business after retiring from the army - these are folk who'd ingrained the salaried middle class mentality all their lives!), there's only so far they can take things.

The really, really large projects - like building jet engines or fab plants can only be done by market movers such as GOI or the ambanis, tatas etc.

Our hgrassroots capitalists can certainly support their capital raising eforts by buying heavily into their stock offers and IPOs.

Hats off to the big capitalists and the grassroots capitalists too!.

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Postby svinayak » 05 Aug 2007 03:12

Katare wrote:May god bless India with more Mukesh Ambanis and Ratan Tatas! They are the only hope for India to stand-up against dragons from east till our democracy matures!


Just watched the movie 'Guru'

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Postby Vipul » 08 Aug 2007 00:14

India is now 5th largest global steel producer.

With the new plants of Jindal,POSCO,Arcelor-Mittal,SAIL,ESSAR and TATAS coming on stream by 2012,India should soon be in the Top 3.

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Postby Singha » 08 Aug 2007 00:26

Moser baer signs a $880 mil order to buy solar wafers from norway. contrary to the DDM notes below I think they will buy from norway and
make solar panels in noida if u read carefully. LCD panels and OLEDs
for car/aerospace/electronics is another nice area to get into.

http://economictimes.indiatimes.com/Cor ... 240015.cms

Moser Baer bags $880mn deal
28 Jul, 2007, 0356 hrs IST, TNN


NEW DELHI: Moser Baer Photo Voltaic (MBPV), a Moser Baer subsidiary, has entered into an eight-year, $880-million agreement with Norway-based REC Group for sourcing multi-crystalline silicon wafers. Silicon wafers go into manufacturing wafer-based solar cells.

MBPV uses multiple technologies, including crystalline silicon, nano-technology and thin film, to make solar cells and modules. It has manufacturing facilities in an SEZ at Greater Noida.

Delivery of wafers under the agreement will start in 2008. “Globally, multicrystalline silicon wafers have a long lead time and supply is short of the rising demand. This contract would help MBVP get an assured supply from a reliable supplier,â€

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Postby Katare » 08 Aug 2007 01:15

Vipul wrote:India is now 5th largest global steel producer.

With the new plants of Jindal,POSCO,Arcelor-Mittal,SAIL,ESSAR and TATAS coming on stream by 2012,India should soon be in the Top 3.


Not a single mega greenfield project has taken-off the ground in last several years. All the capacity addition has happened through brown-field and small mills. We need large and modern integrated steel mills to drive down the cost and quickly gain the export market share while going is good. We are missing a golden opportunity of becoming a big exporter of high value added finished steel on the back of our huge Iron ore deposits and labor arbitrage.

Politics of land and farmer is killing us.....I think govt should go ahead and auction off 2 or 3 12MT steel plants on the lines of ultra Mega projects. This may take care of delays and politics

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Postby Vipul » 09 Aug 2007 01:43

[url=http://www.domain-b.com/companies/companies_b/balco/20070808_largest.html]Vendanta Resources' to set up world's single largest smelter at Bharat Aluminium.
[/url]
Mumbai: Bharat Aluminium Co. (BALCO), a unit of UK-based Vendanta Resources Plc., has signed an agreement with the Chhattisgarh government for setting up a new 650,000 tonne aluminium smelter.

The new unit will cost Rs8,100 crore ($2 billion), BALCO said in a statement.

Mining and metal major Vedanta Resources said the 650,000 tonnes per annum (tpa) smelter is planned at BALCO's facility in in Korba district of Chhattisgarh.

On completion of the project, BALCO's output will go up from 350,000 tpa to 1,000,000 tpa. As of now, no company in the world produces 1 million tpa aluminium from a single location.

In 2001, Vedanta Resources plc took over the management control of BALCO, formerly owned 100 per cent by the government of India, after the then National Democratic Alliance (NDA) government divested 51 per cent equity and management control in favour of the then Sterlite Industries (I) Limited (now Vedanta Resources).

The company went for a major expansion and recently increased the total aluminium output from 135,000 tpa to 350,000 tpa in the existing plant. The new smelter is also part of the drive.

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Postby Laks » 09 Aug 2007 21:59

http://www.hindu.com/thehindu/holnus/00 ... 091523.htm
Mitsubishi constructs new plant in TN

Chennai, Aug. 9 (PTI): Mitsubishi Heavy Industries India has constructed a new plant at Ranipet in Tamil Nadu's Vellore district to double its production capacity in gear cutting tools.

The new plant had come up at a cost of Rs.50 crore, the company's managing director Hidetawa Horioko told reporters here today.

With the rapid growth in Automotive sector in India, there was a huge demand for gear cutting tools, he said.

The production of the automotive industry in the country, which stood at one million units in 2003, had gone up to two million units in 2006 and was expected to touch four million units by 2010, he said.

This had resulted in high demand for high quality gear cutting tools, he said.

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Postby Gerard » 19 Aug 2007 20:06


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Postby Gerard » 19 Aug 2007 20:09


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Postby Gerard » 19 Aug 2007 20:11

Walter AG plans to set up manufacturing facility in India
Walter AG, the German precision tool major, has plans to set up a manufacturing facility in India.

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Postby Gerard » 19 Aug 2007 20:12

Timken to expand Jamshedpur unit
Bearings manufacturer Timken India plans to expand its operations in the country by increasing its capacities at its plant in Jamshedpur, creating new capacity at a greenfield facility in the Chennai special economic zone (SEZ).

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Postby Gerard » 19 Aug 2007 20:13

China's TCL plans unit in India
Chinese consumer durables major TCL plans to set up a colour TV and DVD player manufacturing unit in north India by early 2010 for making India its global sourcing hub and supply to players like Sony and Philips.

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Postby Gerard » 19 Aug 2007 20:16

China's Baosteel to enter Indian market
World's sixth largest steel maker-Baosteel of China has teamed up with Kolkata based Visa Steel to set up a manufacturing facility in India. The joint venture-Visa Bao will produce ferro-chrome, a key raw material for stainless steel

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Postby Gerard » 19 Aug 2007 20:18


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Postby Gerard » 20 Aug 2007 04:21


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Postby Gerard » 20 Aug 2007 04:23

Agco to import low-cost tractors for US farmers
The US group will import Massey Ferguson-brand tractors, built in a joint venture with Tafe in Chennai, to compete with such rivals in the small tractor market as Deere and CNH. Mahindra & Mahindra, the Indian tractor maker, already exports some models to the US.

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Postby Gerard » 21 Aug 2007 00:03


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Postby Gerard » 24 Aug 2007 04:22


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Postby Gerard » 24 Aug 2007 04:26

Mitsubishi to triple production by 2009: Abe
Mitsubishi Chemical Corporation's subsidiary will triple production of a key component used in making polyester and PET bottles at its Haldia plant by 2009, Japanese Prime Minister Shinjo Abe said on Thursday.

Company sources earlier said MCC PTA India Corporation Pvt Limited planned to set up its second 8,00,000-tonne purified terephthalic acid (PTA) plant in Haldia at a cost of Rs 1,665 crore. This would be completed by 2008.

The sources said the company wanted to make the unit the world's largest in a single line capable of producing the best quality PTA.

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Postby Vipul » 25 Aug 2007 17:28

RINL capacity to go up to 6.8 million tonnes by 2010.

The expansion plan of Rashtriya Ispat Nigam Ltd. (RINL), VSP, which is currently under implementation, will enhance the capacity of the plant from the present levels of operation of 3.6 million tonnes to 6.3 million tonnes of liquid steel by March 2010.

The approved project cost is Rs8692 crore. Concurrently, it is also envisaged to increase the liquid steel capacity additionally by 0.5 million tonnes from the existing production facilities by March, 2010 through introduction of various addition, modification and replacement (AMR) and non-AMR schemes at an estimated cost of Rs500 crore under medium-term plan.

Subsequent to implementation of both, Phase-I expansion and Medium Term Plan Schemes, the capacity of the plant will be increased to 6.8 million tonnes of liquid steel per annum from the existing levels of operation of 3.6 million tonnes.

The iron ore requirement up to 6.3 million tonnes has almost entirely been tied up with National Mineral Development Corporation.

RINL has also applied for mining lease for iron ore reserves in the states of Orissa, Chhatisgarh and Andhra Pradesh, though no iron ore reserve has so far been allocated to it said, minister of state for steel Dr Akhilesh Das in a written reply in the Rajya Sabha today.

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Postby Laks » 28 Aug 2007 11:23

Hindustan Times
Samsung to commission Chennai plant soon
The $1.05 billion consumer electronics major Samsung India Electronics Private Limited is all set to commission its Sriperumbudur plant near Chennai.

The company is awaiting a suitable date from the Tamil Nadu government to inaugurate the plant built on a 50-acre plot in the SIPCOT Sriperumbudur Industrial Park.

The plant will initially manufacture colour televisions and monitors. It has a capacity to make 1.5 million TV sets and 1 million thin film transistor (TFT) monitors, Ravinder Zutshi, deputy managing director of the firm, told the media here Monday.

Samsung has invested around $24 million till date out of the total outlay of $100 million for this plant and the balance will be invested by 2010, Zutshi added.

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Postby Sanjay M » 29 Aug 2007 02:12



India should use every kind of approach available.

Take a look at this:

3D Printing Taking Off

This technology has India's name written all over it. It's computer-based, it's aimed at meeting demand for consumer goods which is an under-served market in India, and it minimizes fixed capital outlay with its attendant risks in India's bandh-prone militant labour environment. It also reduces transportation loads to merely the transport of powdered raw materials, which again caters to the reality of India's poor transportation infrastructure. Local producers would only have to keep the powdered raw materials locally onhand, which could be dynamically/flexibly allocated to manufacturing a broad spectrum of goods according to locally fluctuating/varying consumer demands.

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Postby Laks » 03 Sep 2007 15:30

Bring them on!
link
Triumph Int'l sets up mfg unit in India, near Chennai
Triumph International, the world's largest manufacturer of women's innerwear is setting up its own manufacturing unit in India which is said to be one of the largest manufacturing units in the country, with an area of 5, 60,000 sq ft area at Maramalai Nagar, near Chennai.

Today the company has a presence in India through Intimate Fashions, a joint venture with MAST Industries, the makers of Victoria's Secret :twisted: and the MAS Group. This factory is in Gudavanchery (on the outskirts of Chennai) and majority of Intimate Fashions' production is for Victoria's Secret and a small portion for Triumph International India.

Triumph International has its new factory set on 14 acres and covers over 5 lakh sq ft. In the first phase, it would have a seating capacity of over 1,300. In the second phase, the factory will accommodate over 2500 sewing operators, creating job opportunities for thousands of women in Chennai. Mr. Rosenberg revealed that the investment in this venture was close to double digit million dollars. Triumph, a German company, has 16 factories all over the world and this would be the 17 th.


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Postby abhishek » 03 Sep 2007 16:55

Sanjay M wrote:


India should use every kind of approach available.

Take a look at this:

3D Printing Taking Off

This technology has India's name written all over it. It's computer-based, it's aimed at meeting demand for consumer goods which is an under-served market in India, and it minimizes fixed capital outlay with its attendant risks in India's bandh-prone militant labour environment. It also reduces transportation loads to merely the transport of powdered raw materials, which again caters to the reality of India's poor transportation infrastructure. Local producers would only have to keep the powdered raw materials locally onhand, which could be dynamically/flexibly allocated to manufacturing a broad spectrum of goods according to locally fluctuating/varying consumer demands.



It is basically rapid prototyping technology (A 3D solid model is sliced and the machine builds the part layer by layer using the slices). It is only used to make prototypes. It cannot be used to produce an actual part. I remember a desi grad student who worked for a long time in 3d printing technology.

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Postby Gaurav_S » 04 Sep 2007 03:55

Britain's retailers take shirt off B'lore sweatshops
BR Shrikanth

[quote]Two of Britain’s big-ticket retailers have found out that factory workers who make their clothes in India are paid as little as Rs 10.50 (13 pence) per hour for a 48-hour week, The Guardian reported on Monday.

Primark, the UK’s second-biggest clothing retailer, and Mothercare, the mother and baby shop, acted in response to a Guardian investigation into the pay and conditions of workers in Bangalore who supply several top-notch UK and US brands.

The British daily had revealed that clothing exporters Gokaldas Exports Ltd and Texport Overseas were not paying their workers in line with minimum international labour standards promised by the Ethical Trading Initiative (ETI), a code of conduct which sets out basic rights for employees across the supply chain. Marks & Spencer is a member of the ETI, as are Mothercare, Gap and Primark.

Gokaldas Exports Ltd, which supplies to brands including Marks & Spencer, Mothercare and H&M, denied such exploitation. Managing Director Rajendra Hinduja said the wages for all employees of the readymade garment industry were set by the Karnataka government on the recommendations of the wage board for the industry. “In the state capital, the minimum wage at entry level is Rs 95 a day (£1.15) for an eight-hour shift,â€

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Postby Laks » 04 Sep 2007 06:41

http://www.hindu.com/2007/09/04/stories ... 421800.htm
Timken’s Chennai unit by year-end
Timken Company, a major manufacturer of bearings, plans to start operations at its new facility coming up near Chennai by the end of this fiscal.

David White, Director-Sales and Marketing of Timken India, told presspersons here on Friday that in the first phase an investment of $27 million was going into the project, which was coming up at Mahindra World City. It planned to invest further for the next phase. It would manufacture bearings for multiple sectors and these would be for export and also the domestic market.

The U.S. headquartered company started its India operations in 1989. It had a plant in Jamshedpur that manufactured bearings for automotive, industrial and rail applications and catered to global supply.

The Timken technology centre, located in Bangalore, provided customers access to the company’s pool of engineering resources and technological advancements, he said. Timken had six manufacturing plants in China and also its Asia-Pacific headquarters. The company launched an expanded range of products and its new distribution office for Coimbatore on Friday.

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Postby Kakkaji » 04 Sep 2007 22:21

Bajaj-pays-employees-to-stay-home

[quote]The closure is tough on those involved because Bajaj admits that it is “not being done because of any failure on the part of the workmen or the managementâ€

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Postby Laks » 05 Sep 2007 12:35

http://money.cnn.com/news/newsfeeds/art ... 2007-1.htm
Rohm and Haas Expands in India
MUMBAI, India, and PHILADELPHIA, Sept. 3 /PRNewswire-FirstCall/ -- Rohm and Haas Company today celebrated the inauguration of its second, state-of-the-art acrylic emulsions facility in India to meet growing demand for its environmentally advanced products and technology in this important region.

The Chennai facility, located in the Sriperambudur industrial area of Tamil Nadu in South India, is opening with the capacity to make 30,000 to 40,000 metric tons a year of specialty materials used in the manufacture of paints and coatings, adhesives, textiles, paper and leather. The plant, which cost US $12 million to build, is a "zero discharge" facility that meets very stringent environmental standards set by the state of Tamil Nadu. The Chennai facility will also operate under the company's "21st Century" program which strives for reliable, cost-effective manufacturing facilities and a competent, motivated workforce continually focused on improvement.

The largest and fastest-growing supplier of environmentally advanced acrylic emulsions

The company also is doubling the capacity of its 35,000 metric ton facility in Taloja, which is located near Mumbai in the state of Maharashtra. The combined capacity of Taloja and Chennai (100, 000 to 110,000 metric tons per year) makes Rohm and Haas India's largest and fastest-growing producer of environmentally advanced emulsions and additives for paints and coatings and other waterbased polymer industries. The company also has the leading position for solventless and water-based adhesives used by India's packaging & converting industry. "Put quite simply, our goal is to be the best specialty materials supplier in India," says Harish Badami, President and Managing Director for Rohm and Haas India.

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Postby Gerard » 12 Sep 2007 03:08


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Postby Laks » 12 Sep 2007 15:55

http://www.bloomberg.com/apps/news?pid= ... efer=japan
Takata Plans New Factory in India to Produce Seatbelts by 2009
Takata Corp., Japan's largest maker of auto safety equipment, plans to build its first factory in India, where economic growth is boosting demand for cars.

The company will start producing seatbelts at a factory in Chennai in southern India by the end of 2009, Kimio Kobori, a Takata spokesman, said in an interview in Tokyo yesterday. The investment and production capacity have not yet been decided.

Takata joins Robert Bosch GmbH and other component makers in setting up factories in India as vehicle sales surge in the world's second-fastest growing major economy. Auto companies may spend as much as $40 billion in India in the next decade as the nation will become the world's fastest-growing major auto manufacturer, according to government estimates.

``Takata is an early entrant in the Indian seatbelt market, and setting up as a local supplier is a good move,'' said Takashi Moriwaki, an analyst at Nomura Securities Co. in Tokyo. ``Cars in emerging markets are not yet known for their safety, but people are realizing how important it is.''

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Postby Vipul » 12 Sep 2007 20:13

Suzlon to triple production capacity.

India's Suzlon Energy (SUZL.BO: Quote, Profile, Research), the world's fourth-largest wind turbine maker, plans to invest about $1.4 billion to almost triple its production capacity by 2009, allowing it to expand at twice the pace of the rapidly growing industry.

The expansion would raise Suzlon's turbine production capacity in India to 5,700 megawatt (MW) by March 2009 from 2,700 MW now, the firm's chairman Tulsi Tanti said in an interview on Wednesday.

By the end of this year its recently acquired subsidiary, Germany's REpower Systems (RPWGn.DE: Quote, Profile, Research), would have increased its capacity to 1,200 MW from an existing 700 MW, he added.

"The total investment in this three-year plan is about 1 billion euros ($1.4 billion) and most of this investment would be financed by debt," Tanti said in Singapore, where he attended the Forbes CEO Conference.

The expansion would allow Suzlon to grow twice as fast as the global wind industry which, Tanti said, was likely to expand at 20-30 percent in the next three years.

The company also plans to raise its capacity to produce wind gearboxes, made by its unlisted Belgian subsidiary Hansen Transmissions, to 9,300 MW by 2009, Tanti said

The company's order book stands at around $3.5 billion, up from $3.3 billion in July, with most orders from outside India, he said.

Shares in Suzlon traded up 0.6 percent at 1,333.8 rupees in a slightly weaker broader market (.BSESN: Quote, Profile, Research), having risen less than 3 percent so far this year.

Suzlon also makes wind turbines in China and owns manufacturing facilities for making components like rotor blades, generators, control systems and towers in India and the United States.

It competes with industry leaders Vestas Wind Systems (VWS.CO: Quote, Profile, Research) of Denmark, General Electric (GE.N: Quote, Profile, Research) and Spain's Gamesa Corporacion Tecnologica (GAM.MC: Quote, Profile, Research). All are tapping demand for cleaner energy sources.

"Most of the growth in absolute megawatt terms would come from Europe and then from markets like China and the United States," Tanti said.

He said growth at home -- India generates about 40 percent of Suzlon's revenues -- was likely to be around 20 percent in the same period.

"The emerging markets where the growth is likely to be strong in coming years would be in South America and Africa, countries like Brazil, South Africa and Tanzania," he said.

Tanti said the company was unlikely to make any new acquisitions, after buying a majority stake in REpower in May this year and acquiring Hansen, the world's second-largest wind gearbox-maker, in March 2006.

"Now we want to consolidate all the businesses and focus on organic growth. We have the full value chain so we don't require further acquisitions for now."

Tanti said the company has also put on hold its plans to seek a secondary listing in Europe. "At this moment no such plan is there. Maybe at an appropriate time we will think about it."

The company said in June it might seek a listing in London or Frankfurt in the next 12-24 months.

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Postby Gaurav_S » 17 Sep 2007 08:25

POSCO to start work on giant steel plant in India next month

BHUBANESWAR: The protests have been loud and sometimes violent, but giant South Korean steelmaker POSCO is confident opposition will fade when work begins on its massive Indian plant next month.

After a lengthy stand-off with aggrieved local villagers, preparatory work will start on the $12 billion project in the Orissa within weeks, a company spokesman told media.

Construction will begin early next year and the first phase of manufacturing in 2011, bringing thousands of jobs for local people, he said.

The project represents India's largest foreign direct investment, dwarfing the $2.9 billion Enron power plant in Maharashtra.

"The morale of the company is high. Once activities start, the rest of the villages opposing the project will also come around," company spokesman Shashanka Pattnaik told media over the weekend.

Feelings have also run high among thousands of residents facing eviction from the 4,004 acres (1,600 hectares) of coastal district earmarked for the plant.

In May, protesters briefly kidnapped three POSCO employees and held them in a barricaded village before releasing them.

"Our demand is that POSCO gives us in writing that it will not set up its plant here," Anti-POSCO campaign leader Abhoy Sahu told media at the time.

Tensions rose in April when 500 police were dispatched to the Jagatsinghpur district, shortly after security forces shot dead 14 protesters against a chemical plant in nearby West Bengal.

Amid the controversy POSCO, the world's fourth largest steelmaker, has struggled to acquire the land it needs and currently owns just 193 acres.

But it hopes to buy another 300 acres soon, apart from the 1,135 acres it has already been promised by the government.

"The first phase of the operations will begin on this 1,600 acres," the official said.

POSCO has hit several roadblocks in buying land and mining rights since it signed an agreement with Orissa state in June 2005.

The federal government last month told Orissa to reconsider POSCO's mining application after allowing some 250 other applicants to enter the race.

But the company expects to win the lease in November and start mining by 2009. Under the 30-year lease rights, POSCO will mine 600 million tonnes of iron ore.

"The Orissa government has recommended our case. On merit, we are the only players to qualify," Pattnaik said.

The company, however, still faces tough resistance from villagers, many of whom oppose the plant and a port POSCO will build nearby to import 30 million tonnes of raw material, including limestone, a year.

Residents of Jagatsinghpur, where authorities have blocked access by outsiders to several villages, say the plant and port threaten the livelihood of thousands of people.

POSCO admits it's been surprised by the scale of the opposition, although it claimed to have won over several families during a visit by Soung Sik-Cho, chairman of the firm's Indian unit, last month.

"Any project of this magnitude comes with its problems. We had anticipated this (the protests), but not to this extent," Pattnaik said.

The company says it will create 18,000 direct jobs in the next 10 years -- and was already giving education and training to several families.

"The younger generation is keen to take up work as it doesn't see a future in agriculture," Pattnaik said.

POSCO says it has launched training programmes for local people in welding, masonry and carpentry. Women were being trained to stitch clothes


Economic Times

Laks
BRFite
Posts: 192
Joined: 11 Jan 2005 20:47

Postby Laks » 17 Sep 2007 10:00

Time for some 'Han' rate of growth :eek:
Business Standard:

[quote]Tamil Nadu plans Taiwan Economic Zone near Chennai
G Balachandar / Chennai September 17, 2007
The Tamil Nadu government is looking at creating a separate Taiwan Economic Zone near Chennai.

The zone, spread over 500 acres, is planned to attract investments from Taiwanese small and medium enterprises, according to Tamil Nadu industries secretary Shaktikanta Das.

Das said the state government was exploring possibilities of earmarking 500 acres for the proposed zone out of two locations in Tamil Nadu — Tidco’s SEZ in Ennore and SIPCOT’s industrial complex in Cheyyar.

The decision to carve out a separate Taiwanese zone comes on the heels of increased interest among Taiwanese companies to invest in India, particularly Tamil Nadu. Taiwanese entrepreneurs recognise India as a powerful economic opportunity and are keen to explore investment opportunities here.

“While the big Taiwanese companies are encouraged to come on their own, the state government is keen to facilitate investments from SMEs in Taiwan by creating a special zone,â€


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