DDM.SwamyG wrote:The rupee has fallen from almost 50 to the US dollar in 2003 to under 40 currently.
Thats not a fall fools, is a rise only.
Zee rupee is stronger only.
Great news for poor people like me.Gerard wrote:HCL launches sub-14K laptopsIndian hardware manufacturer HCL Infosystems on Tuesday launched an ultra portable range of laptops with mobile Internet computing experience under Rs 15,000
Born in 1976, HCL has a 3 decade rich history of inventions and innovations. In 1978, HCL developed the first indigenous micro-computer at the same time as Apple and 3 years before IBM's PC. This micro-computer virtually gave birth to the Indian computer industry. The 80's saw HCL developing know-how in many other technologies. HCL's in-depth knowledge of Unix led to the development of a fine grained multi-processor Unix in 1988, three years ahead of Sun and HP.
HCL's R&D was spun off as HCL Technologies in 1997 to mark their advent into the software services arena. During the last eight years, HCL has strengthened its processes and applied its know-how, developed over 30 years into multiple practices - semi-conductor, operating systems, automobile, avionics, bio-medical engineering, wireless, telecom technologies, and many more.
Today, HCL sells more PCs in India than any other brand, runs Northern Ireland's largest BPO operation, and manages the network for Asia's largest stock exchange network apart from designing zero visibility landing systems to land the world's most popular airplane.
TIMELINE
1976
- Hindustan Computers Limited (HCL) born.
1977
- Distribution alliance formed with Toshiba for copiers.
1978
- HCL successfully ships in-house designed micro-computer at the same time as Apple. The Indian computer industry is born.
1980
- HCL introduces bit sliced, 16-bit processor based micro-computer.
1983
- Indigenously develops an RDBMS, a Networking OS and a Client Server architecture, at the same time as global IT peers.
1986
- HCL becomes the largest IT company in India.
1988
- HCL introduces fine grained multi-processor Unix-3 years ahead of “Sunâ€
If you remove the Excise duty + import duties + VAT from the 15000 Rs, you arrive at around 200 $ per laptop, while the much hyped OLPC laptop sells for $ 150. Remove private/public subsidies from the OLPC laptop and you are at the same ballpark.Gerard wrote:HCL launches sub-14K laptopsWith a little help from Intel, Indian hardware manufacturer HCL Infosystems on Tuesday launched an ultra portable range of laptops with mobile Internet computing experience under Rs 15,000
Would be nice if they improved their website. Right now hclnotebooks.com is down. Also, their brochures are massive PDFs, which could be a PITA to download for people with less bandwidth.Gerard wrote:HCL launches sub-14K laptopsWith a little help from Intel, Indian hardware manufacturer HCL Infosystems on Tuesday launched an ultra portable range of laptops with mobile Internet computing experience under Rs 15,000
From wiki of the $100 laptopbart wrote:If you remove the Excise duty + import duties + VAT from the 15000 Rs, you arrive at around 200 $ per laptop, while the much hyped OLPC laptop sells for $ 150. Remove private/public subsidies from the OLPC laptop and you are at the same ballpark.Gerard wrote:HCL launches sub-14K laptops
Goes to show that Indian innovation can beat the crap out of even MIT hyped projects and also that the OLPC seems to be an overrated dud that the govt was right to pull out of.
India has rejected the initiative, saying “it would be impossible to justify an expenditure of this scale on a debatable scheme when public funds continue to be in inadequate supply for well-established needs listed in different policy documentsâ€
Turns out the low-cost laptop wasn't created by HCL, its simply an Intel OEM device that HCL was rather deceitfully passing off as their own invention.bart wrote:If you remove the Excise duty + import duties + VAT from the 15000 Rs, you arrive at around 200 $ per laptop, while the much hyped OLPC laptop sells for $ 150. Remove private/public subsidies from the OLPC laptop and you are at the same ballpark.Gerard wrote:HCL launches sub-14K laptops
Goes to show that Indian innovation can beat the crap out of even MIT hyped projects and also that the OLPC seems to be an overrated dud that the govt was right to pull out of.
You've hit on my ultimate wet dream, singhaji. Imagine a 6/8+4 lane expwy connecting a string of manufacturing, textile, leather, granite, education, IT and designated green zones, and an ATR domestic air terminal at Hosur. That'll show the fri*king pandas something, and will add more value to Bangalore than what Devanahalli and other half-baked infrastructure schemes in Bangalore are doing this. Karunanidhi has been echoing this of late, perhaps to strengthen his North TN base and kick out PMK.Singha wrote:Darth Sidius: It is all going as I had Predicted....
all that remains is to connect the Pearl River Delta (chennai) to Zhongguancun (BLR) via a expway and industrial/tech townships. the road via vellor and krishnagiri is already 4 laned and in excellent shape ofcourse.
synergies have to attained, hinterlands have to be opened and worlds have to be conquered.
That reminds me, somebody said land rate near TVS factory in Hosur is around Rs400/- sq.ft. Now that is darn cheap. I guess they must have left an zero at the end....based on all your talk...looks like I should buy something there.jkarthik wrote:Imagine a 6/8+4 lane expwy connecting a string of manufacturing, textile, leather, granite, education, IT and designated green zones, and an ATR domestic air terminal at Hosur. !
jkarthik wrote:You've hit on my ultimate wet dream, singhaji. Imagine a 6/8+4 lane expwy connecting a string of manufacturing, textile, leather, granite, education, IT and designated green zones, and an ATR domestic air terminal at Hosur. That'll show the fri*king pandas something, and will add more value to Bangalore than what Devanahalli and other half-baked infrastructure schemes in Bangalore are doing this. Karunanidhi has been echoing this of late, perhaps to strengthen his North TN base and kick out PMK.Singha wrote:Darth Sidius: It is all going as I had Predicted....
all that remains is to connect the Pearl River Delta (chennai) to Zhongguancun (BLR) via a expway and industrial/tech townships. the road via vellor and krishnagiri is already 4 laned and in excellent shape ofcourse.
synergies have to attained, hinterlands have to be opened and worlds have to be conquered.
Sriperambudur/ Oragadam are already great sights now, mammoth breadbox factories all around. The whole stretch has potential to be thus transformed, that is ..if the above corridor dream can surpass the TN-K'taka political divide, Central Govt apathy, Vatal Nagaraj, Dr Ramadoss and the pseudo tree huggers/ antinationals and one woman independent countries like Arundati roy! Southern India can overtake Thailand in, like 5 years, man!
Gildemeister AG, the euro 1.6-billion ($2.3 billion) German maker of turning and milling equipment, is planning a production facility in India to meet the growing demand for machine tools by a vibrant domestic manufacturing industry.
'We have earmarked an initial budget of euro 10 million (Rs.590 million) to set up a manufacturing base in India to roll out a range of CNC (computer numerically controlled) metal-cutting machines, lathes and tools/dies, with an installed capacity of 400 units per annum,' Gildemeister board member Thorsten Schmidt told IANS here.
'As our machines can be used for dual-use technologies, we are waiting for clearance from the German government to go ahead with our India plans, including transfer of technology. We hope to set up the plant by 2009-10,' he said.
The Bielefeld-based company has short-listed Bangalore, Pune and Delhi as possible locations for setting up the production facility and prepared a blueprint for building a modular plant for capacity expansion in future.
In the run up, Gildemeister has floated its Indian subsidiary - DMG India - to set up a technology centre in Bangalore, with an upfront investment of euro 7 million (Rs.413 million) to provide customised solutions to its customers in the Indian sub-continent and South Asia.
Hyundai, Renault, Ford may turn Chennai into car export hub
http://www.forbes.com/markets/feeds/afx ... 95019.htmlTaiwan cabinet fund may team up with private sector for India industrial park
TAIPEI (XFN-ASIA) - The National Development Fund, which is controlled by Taiwan's cabinet, plans to team up with the island's private sector to jointly develop an industrial zone in India, the Ministry of Economic Affairs (MoEA) said.
The industrial zone is aimed at accommodating Taiwan firms seeking to establish a presence in India, amid concerns over new rules in China, according to a statement from the ministry.
India and Southeast Asian nations are attracting increased investment from Taiwan as China has imposed new labor laws and adjusted the tax on foreign firms, the ministry noted.
According to the statement, the cabinet fund will assist local firms in developing 1,000 hectares of land in India's Andhra Pradesh state for industrial use and another 200 hectares for housing purposes.
The cabinet fund will invest up to 40 pct in the prospective venture, which may have initial capital of one bln twd.
ebm-Nadi to put up second unitSaravana Global Energy Ltd (SGEL), manufacturers of high-voltage insulators, is embarking on a major expansion programme under which the company is setting up a new manufacturing unit for high-voltage hollow insulators in Chengalpet district of Tamil Nadu on an investment of Rs 200 crore.
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SGEL has secured Rs 100 crore in funding from NYLIM Jacob Ballas India Fund III by offering a minority stake. The company will use the proceeds to fund the establishment of the new plant, while the remaining portion of the project cost will be funded through a combination of internal accruals and debt.
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Chennai-headquartered SGEL has been supplying to Areva, Siemens, ABB, BHEL and Crompton Greaves, its large domestic customer, among others. It posted revenues of Rs 65 crore in 2006-07 and expects to end the current fiscal with revenues of Rs 125 crore.
Modine Thermal seeks tie-up for engine-cooling systemsebm-Nadi has invested Rs. 30 crore on land and machinery to put its second unit near the existing factory at Erukkenchery on the outskirts of Chennai. According to a release, the new facility will go on stream in January next year.
The company was set up in India as a 100-per cent subsidiary of US-based, $1.6-billion Modine Manufacturing Company (MMC), to make powertrain cooling systems to support the requirements of domestic commercial vehicle and off-highway vehicle manufacturers.
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The 8,000 sq meter facility coming up at SIPCOT industrial area in Sriperumbudur would commence production by October this year, and run to full capacity, employing 250 people, by 2009, he said.
The company is currently developing powertrain cooling modules, and aluminium oil coolers for a couple of commercial vehicle and off-highway vehicle manufacturers.
Despite a slowdown in the auto sector, Ashok Leyland, the flagship company of the Hinduja Group, has decided to double investment in Uttaranchal from Rs 1,000 crore to Rs 2,000 crore as a part of its expansion plan.
In a new plan submitted to the State Industrial Development Corporation of Uttarakhand (SIDCUL) here, Ashok Leyland said it was interested in buying another 17 acres at Pant Nagar for a manufacturing facility at an investment of Rs 1,000 crore.
The company has already bought 175 acres at Pant Nagar for manufacturing commercial vehicles and engine parts. The company would be manufacturing 40,000 annually, according to sources.
The company has also promised to provide employment to 2,200 persons, mostly locals.
The company bought the land from the state government at Rs 1,500 per sq metre. Now, SIDCUL is planning to charge an enhanced rate of Rs 2,500 per sq metre, according to sources. A decision regarding the land allotment would be taken shortly, sources said.
A slew of auto manufacturers is setting up new facilities in Uttarakhand to avail of tax benefits announced by the Centre in 2003.
Tata Motors, Bajaj Auto, Hero Honda and Mahindra & Mahindra are among some of the top companies that are setting up shop in the state.
Hero Honda was first off the ground with a plan for a Rs 1,200 crore plant in Haridwar. The company has bought 275 acres for the plant.
Tata Motors, along with a host of its parts suppliers, is investing Rs 1,859 crore for its manufacturing facility in the Pant Nagar industrial estate. The company will be producing Ace trucks there, for which it bought 1,000 acres.
Pant Nagar has also attracted an investment of Rs 500-600 crore from Bajaj Auto, which would establish a manufacturing unit for producing motorbikes.
KE-Burgmann to double Chennai plant capacityNM TYRES, a sister concern of Israel’s Alliance Tire Company, proposes to set up a greenfield project in Tamil Nadu for production of bias and radial off-highway tyres, predominantly meant for exports to customers in Europe, North and South America and Australia It specialises in the development, production and sales of off-highway tyres, clocking an annual sales of $200 million.
The plant, with an installed capacity of 42,000 tpa, envisages an investment of over $100 million. The plant is located at Gangainkondam-SIPCOT special economic zone, established to cater engineering, tyre and rubber sector, sources told ET.
The emerging SEZ is slated to be inaugurated on Friday, they said. Alliance Tyre Company and NM Tyres are 100% owned by WP Holdings II BV of Netherlands, which has been promoted by the Mahansaria family from India, together with American private equity player Warburg Pincus. An area of 115 acres has been allotted for the project, which is
expected to go on stream by March 2009. The specialised tyre manufacturing facility will serve the export market 100%, they said, adding that the greenfield project for production of bias and radial off-highway tyres, will mainly be exported to customers in Europe, North and South America and Australia. Phase II of the project, which will scale up its annual capacity to 56,000 tonnes, is proposed to be taken from year 2010.
The project will generate employment to 1,200 people and the ground-breaking ceremony is scheduled to take place within the next three weeks, sources said. The machine supplies by a Taiwanese company and L&T, have already begun, they added.
This project combines the deep industry knowledge and expertise of the Mahansaria family together with financial strength and global reach of the Warburg Pincus Group, and aims to develop its companies into a world leader in the field of off highway tyres. Achieving a global consolidated annual turnover of $ 500 million by 2012 is the objective, sources further said.
RUBBER STORY
• The tyre plant, with an installed capacity of 42,000 tyres per annum, envisages an investment of over $100 m
• The plant is located at Gangainkondam-SIPCOT special economic zone, established to cater to engineering, tyre and rubber sectors
• An area of 115 acres has been allotted for the project, which is expected to go on stream by March 2009
• Phase-II of the project, which will scale up its annual capacity to 56,000 tonnes, is proposed to be taken up from 2010
Buoyed by a Rs 70-crore order on hand, expansion joints manufacturer KE-Burgmann Flexibles India is looking at doubling the Chennai plant capacity. Customers like Reliance have already started using KE-Burgmann products, prompting the city-based wholly-owned subsidiary target a turnover of Rs 25 crore by 2010.
A member of the euro 5-billion EBI group, the investment in Indian operations has touched euro 4 million. The company started design and manufacturing fabric compensators or non-metallic expansion joints at the Chennai facility in March 2001, KE-Burgmann CEO Peter L Nielsen told reporters here on Thursday. Believing in the “leadership through technologyâ€
Cummins to invest Rs 850 cr in MaharashtraMumbai, March 15 The Maharashtra Government has attracted Rs 1,776 crore in the latest round of investments.
On Saturday, seven memorandum of understanding were signed by the Industries Department for setting up diverse manufacturing facilities in the State, which will come up in the next three years.
Over last the three years, 93 mega projects have been approved by the State Government, which has attracted an investment of Rs 1.14 lakh crore.
Addressing presspersons on the occasion, the Maharashtra Chief Minister, Mr Vilasrao Deshmukh, said that the majority of investments were coming up in relatively backward districts such as Aurangabad, Nagpur and Satara.
It will give a boost to the industrials climate in these regions and help ancillary industries.
Employment
The projects will provide direct employment to 2566 persons, he said.
Cummins group signed three MoUs with a total investment of Rs 900 crore.
The group would be setting factories in 150-acre area near Phaltan, Satara for producing engines for trucks and buses and generator sets.
Land acquisition
Mr Anant Talaulicar, Chairman and Managing Director of Cummins India Ltd, said that land acquisition for the site has been completed. About 30 per cent of the produced goods from Phaltan facility would be for the export market.
The site will eventually add more plants for all Cummins group companies, he said.
Malu Papers Ltd would be setting up an Rs 267-crore paper manufacturing plant in Saoner in Nagpur district. Ball Packaging Europe, beverage can manufacturing major would be setting up its plant with an investment of Rs 260 crore in Waluj, Aurangabad.
In Pune district, Universal Construction Machinery and Equipment Ltd would be setting up a plant with an investment of Rs 232 crore and Arihant Domestics Appliances Pvt Ltd with an investment of Rs 117 crore.
Mr Damodarlal Malu of Malu Papers said his Saoner facility would use recycle paper for paper manufacturing. The environmental impact analysis for facility has been completed, he said.
# A unit for manufacturing B series of bus and truck engines will be established at an investment of Rs 400 crore
# A plant for diesel and gas gensets will come up for Rs 250 crore
# Cummins’ fully owned subsidiary will start a diesel engine production unit at a cost of Rs 200 crore
The shipbuilding industry in India has just set sail and appears headed for a promising future with an order book of almost Rs 24,000 crore or $5 billion.The surging order book along with expansion plans that are on track and strategies to move up the value chain in terms of bigger vessels and offshore segments, augur well for Indian shipbuilders.
While ABG Shipyard and Bharati Shipyard are the only listed players dedicated to this business, a number of companies such as Larsen & Toubro, Mercator Lines and Adani Group have entered this lucrative segment. A few others are also likely to tap the capital market in the near future, given the need to rapidly expand capacities to meet demand.
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What has driven so many Indian players into the ring? Apart from the global business potential that is currently seen, the Government’s subsidy for the sector may have been a key factor that drove a number of companies to tap into the potential.
The subsidy scheme, which expired in August 2007, provided a 30 per cent incentive for ocean-going merchant vessels more than 80 meters in length that are sold domestically.
More importantly, a 30 per cent incentive is also available on all ships sold to foreign firms, irrespective of ship size.
To put it simply, a company receiving a Rs 500-crore order from a foreign company would be eligible for Rs 150 crore by way of a cash subsidy from the Government (which is received with a lag), the objective being to encourage a sector that is both labour and capital-intensive.
Representation has been made by the shipbuilders’ association to revive this subsidy.
The Ministry of Shipping has also proposed a 20 per cent subsidy scheme. Clearly, with a huge import component and orders for low-end vessels, the sector may not paint a very bright picture if the proposal is not accepted.