Category — Manufacturing Technology

GE Healthcare Awarded ‘Indian Medical Device Company of the Year’

At the ‘India Pharmaceutical & India Medical Device 2018’ exhibition and conference that was held from February 15 – 17, 2018 in the southern city of Bangalore, GE Healthcare was announced as the Indian Medical Device Company of the Year for 2018.

GE Healthcare

GE Healthcare was conferred this award for strong business performance and robust growth in revenue and exports. Nalinikanth Gollagunta, president and CEO, GE Healthcare, India and South Asia said, “This recognition is a reflection of our commitment to bring high-quality affordable medical technologies to solve the pressing healthcare needs of the country.”

February 16, 2018   No Comments

India Simplifies Licensing for Medical Device Manufacturing

Per India’s Medical Device Rules, 2017 that came into effect in January this year, new licenses awarded for manufacturing and import of medical devices will not need periodical renewal and will remain valid until they are either suspended, cancelled, or surrendered. The licensee will need to pay a retention fee once every five years for the license to remain valid.

India’s federal regulator, the Central Drugs Standard Control Organization has launched Sugam, an online portal, to facilitate granting licenses for manufacturing, import, clinical investigation, sale and distribution of medical as well as in vitro diagnostics devices.

Authorities will inspect manufacturing sites  annually ensure compliance to the terms and conditions stipulated in the licenses. Manufacturers are required to follow a quality management system for manufacturing medical devices.

Blood pressure monitor

February 15, 2018   No Comments

Ford becomes India’s largest Car Exporter

Ford, Nissan, and Volkswagen ship more of their India-manufactured cars to overseas markets than what they sell within India.

Michigan-based Ford has two manufacturing units in the country: at Chennai in the southern state of Tamil Nadu and at Sanand in India’s western state of Gujarat. It has overtaken Korea’s Hyundai in Fiscal Year 2018 to become the largest exporter of cars from India.

In the first nine months of the current financial year (from April 2017 – March 2018) Ford shipped over 134,000 units,  12 percent  more than the previous year.

For the same period, German auto maker Volkswagen exported more than double the number of units it sold in India, while Japanese car maker Nissan shipped more than 46,000 units to export destinations.

Company # Cars Sold in India

(Apr – Dec FY ’18)

# Cars Exported

(Apr – Dec FY ’18)

Ford 62,554 134,575
Nissan 38,928    46,502
Volkswagen 34,979    71,667
GM  Nil    60,707

General Motors decided to stop local sales of its cars in May last year and announced plans to focus exclusively on the export market. The company has shipped over 60,000 cars from India for the same period, and is now the fifth-biggest exporter of cars from the country.

Ford Ecosport

February 12, 2018   No Comments

Epicor Expands Tech Center in India

Austin, Texas-based Epicor Software Corporation, provider of industry-specific enterprise software announced the opening of new office premises for its existing technology center in Bangalore.

CEO Steve Murphy, who inaugurated the  center said, “India is an important part of our growth plans—with a solid distribution partnership and the expansion of our technology center in Bangalore, we are in a great position to achieve success in the region.”

Steve Murphy CEO, Epicor

Steve Murphy CEO, Epicor

The company is on or ahead of its projections for India since its regional customer base has been growing steadily, primarily in the manufacturing sector which has the potential of reaching $1 trillion by 2026. Many manufacturers in India are small to medium size businesses — a size that fits in the Epicor target market.

February 10, 2018   No Comments

Liebherr Invests $75 Million in Refrigerator Factory in India

Germany-based manufacturer of refrigeration and cooling appliances, Liebherr, invested $75 million  to set up a manufacturing unit in Aurangabad, India, and plans to roll out a new line of refrigerators in May. The Libherr group evaluated other countries including Europe, Brazil, China and Russia before finalizing its India launch. According to Steffen Nagel, the company’s managing director for sales, India’s rising household income, improving living standards, and product penetration for cooling appliances which is at around 35% are all factors that make the group confident about success in this country.

refigerator by Liebherr

Roman Schafer, Liebherr Appliances Business Development executive said, “Our first phase of production is designed to have a production of 500,000 units, and this is going to happen in next five years.” He added, “Everything will be locally produced. We have a local sourcing strategy and only those components will be imported which are not available here.” Schafer disclosed that in the second phase of development Liebherr will export some of its products to neighboring countries.

February 10, 2018   No Comments