Category — Industrial Goods

Symphony Ventures Establishes Development Center in India

London based headquartered Symphony Ventures, a global services firm specializing in Robotic Process Automation and Intelligent Automation, commenced operations at a Development Center in Bangalore, to serve India, the Middle East and Asia Pacific.

The firm plans to recruit 150 consulting and technology staff within the next twenty four months to provide consulting, implementation, managed services, and training to enterprise clients within the region, reports Enhanced Online News.

Robot

“… the demand for Symphony’s services is growing rapidly and our new operation in India is a critical element in our overall growth strategy,” said David Brain, COO, Symphony Ventures. “The region is a very attractive base for recruiting great talent and has a strong presence of large enterprises and global shared service centers.”

September 17, 2017   No Comments

U.S. Companies to Ship 1.6 million tons of Ethane to India

Planning to replace natural gas and naphtha at its petrochemical plants, Mumbai-based Reliance Industries Limited will procure 1.6 million tons of ethane from three companies in the U.S.

Reliance Industries has three joint ventures in America: one with California headquartered Chevron Corp, in which it has invested $1.7 billion; the second with Houston-based Carrizo Oil & Gas Inc, in which it has invested $392 million; and a third with Dallas-based Pioneer Natural Resources Co., in which it has invested $1.5 billion.

Ethane is expected to be produced in large volumes in North America due to the shale gas revolution, which has generated an abundance of liquefied natural gas, and liquefied petroleum gas, reports the Times of India. Amit Mehta, head of Reliance’s gas business, said that the company has contracted ethane supplies for more than 20 years from America.

Reliance Industries will get its requirement from Marcellus Shale a Middle Devonian age unit of marine sedimentary rock in the Appalachian Basin of eastern North America, and from Texas’ Eagle Ford Group a sedimentary rock formation deposited during the Cenomanian and Turonian ages of the Late Cretaceous period.

Reliance Industries

Reliance Industries

August 31, 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

DHL to Expand Warehouse Capacity in India

India’s rising e-commerce transactions coupled with the effect of introducing GST, the consolidated tax regime, will boost freight movement, and Deutsche Post DHL Group is getting warehouses ready for future business.

India’s e-commerce market, which currently logs 1.2 million transactions daily, is estimated to jump 31 percent annually over 2017-2020 to $80 billion, tax and advisory services company KPMG said in an August 2016 report. According to Knight Frank India Private Limited, the total warehousing requirement in the country’s top seven markets will rise to 839 million square feet by 2020 from about 621 million in 2016.

“We see business-to-consumer as the next big challenge, a big growth area and we really want to tap into that through businesses such as modern retail,” said Vikas Anand, Mumbai-based managing director at DHL Supply Chain India Pvt. Anand added that the company has an 8 to 10 percent share of the $3.5 billion Indian market, reports Bloomberg.

A warehouse

DHL India says its sales have grown at about 30 percent annually over the past five years, double its estimate of the contract-logistics industry average, and that it expects to maintain its pace. It plans to invest more than $100 million in additional capacity in the next three to four years. It also intends to bolster its transportation network by using railroads where it can to improve time and fuel cost efficiency.

 

 

August 18, 2017   No Comments

Rolls-Royce to Increase R&D Headcount in India

Rolls-Royce plans to increase its workforce to three times its current number at its research and development center in Bangalore, India, by end of this year.

Rolls-Royce Director Benjamin Robert Story and Rolls-Royce India President Kishore Jayaraman met Federal Minister for IT Ravi Shankar Prasad to express their interest in engaging with the ‘Digital India’ initiative, reports the Times of India. The company expressed interest in investing in Indian startups working on artificial intelligence, machine learning technology and data analytics.

Rolls-Royce Logo

June 26, 2017   No Comments