Category — Manufacturing Technology

India Seeks to Upgrade its Food Processing Ecosystem

India seeks to partner with companies in the food processing ecosystem in the U.S. to incorporate best practices into its food value chain.
Ahead of the mega ‘World Food India‘ trade show in New Delhi from November 3-5, 2017, India’s minister for the food processing industry, Harsimrat Kaur Badal, is leading a visiting Indian delegation which met officials from companies across the food value chain in Chicago and Washington D.C.

Badal said that World Food India provides a platform to food processors, machine manufacturers, technology suppliers and refrigeration companies that are interested in expanding their footprint in newer markets. India is looking at partnering with those companies to upgrade Indian systems and technologies, she added.

Food processing

India has a $600 billion retail sector, of which 70 percent is food retail. This figure set to increase three times by 2020, reports the Economic Times.

October 8, 2017   No Comments

Regional Languages Drive India Smartphone Sales Further

With nearly as many smartphone users as the U.S. has people, India is already one of the world’s hottest mobile markets, with America’s Apple, Korea’s Samsung, China’s Oppo, Vivo and Xiaomi jostling for market share with Indian brands such as Micromax.

Nubia Smartphone

India’s 300 million smartphone users could grow by more than 50% in the next few years, reports CNN Tech giving reasons for this:

  1. 1 billion Indians do not yet have a smartphone — a huge market opportunity.
  2. More than 66% of India’s 1.3 billion people still don’t have access to the Internet, and when they do so over the next decade, it will likely be through mobile devices. “Mobile has already become the primary device from which users access the internet,” says Shobhit Srivastava, an analyst at Counterpoint Research, a global industry analysis firm headquartered in Hong Kong.
  3. India has many regional languages, and many of the country’s newest mobile users are discovering the Internet in one of them. “One of the major reasons the smartphone hasn’t been able to penetrate rural or [smaller] cities is because it’s all in English. You need to have the regional languages, and a lot of players have understood that. They are investing in putting regional languages in their smartphones, turning this challenge into a differentiating factor for themselves,” Srivastava added.
  4. India has more than 100 smartphone brands catering to a variety of budgets.

October 4, 2017   No Comments

Cyient Acquires a U.S. Firm, Signs Licensing Agreement with Another

IT major Cyient, headquartered in Hyderabad, India, entered into a definitive agreement to acquire 100 percent equity in the New Britain, CT-based B&F Design Inc., for an undisclosed sum. This acquisition will strengthen Cyient’s aerospace and defense service offerings, by adding Design, Build and Maintain capabilities centered around Tooling and Precision Engineering.

Cyient holds a strong cash position of $155 million and will continue to look for acquisitions that will enable the company to realize its goal of industry-leading growth, reports the Economic Times.
Cyient Logo
Cision reports that Cyient signed an exclusive software licensing agreement with Elpis Squared a startup software company based in Portland, OR.  The partnership will combine Cyient’s data governance management solution—Intelligent Data Management Solution —with Elpis’ innovative RE|Grid platform to enhance the role of data in supporting electric utilities’ Advanced Distribution Management Systems and Asset Management programs. The joint solution launches at a critical time when utilities are deploying Advanced Metering Infrastructure enabling large-scale data validation using machine-learning and analytics.

October 4, 2017   No Comments

U.S. Ranks as #1 Destination for India’s Engineering Products

According to data from the state-sponsored Engineering Export Promotion Council of India, the U.S. ranks as India’s number one destination for engineering products with shipments aggregating $2.9 billion between April and July of the current fiscal.

UAE, with shipments of $1.78 billion occupies the second slot among the top 25 destinations for the engineering exports, while Mexico is at third position with $921 million worth of engineering goods purchased from India. Other major destinations for the engineering products include U.K., Germany, Italy, China, Singapore and Bangladesh, reports the Economic Times.

EEPC LogoEngineering Export Promotion Council of India’s chairman Tarvinder Singh Bhasin said, “There is no doubt the U.S. economy is doing well resulting in better shipments of our engineering goods, showing a cumulative growth of 37 percent between April-July 2017. But for an unabated rise in rupee value, our performance would have been even better.”

October 2, 2017   No Comments

Gujarat Leads Race to Manufacture Electric Vehicles in India

With the Government of India’s initiative to put 1 million electric vehicles on the roads by 2019 , car and bike makers are preparing to manufacture electric and hybrid systems. The western state of Gujarat is set to become the electric vehicle hub of India.

Ford Motor Co., which has a manufacturing unit at Sanand in Gujarat will partner with Mahindra Group to explore electrification of vehicles as a potential area of co-operation on which they would collaborate and work together for the next three years.

Mumbai-based JSW Group signed an agreement with the government of Gujarat to promote production of battery operated vehicles in the state along with the production of electrical battery, storage solutions and charging infrastructure. The company will invest $700 million (4000 crore) in the project.

Electric car

Suzuki Motor Corporation is gearing up to manufacture EVs in a factory at Hansalpur in Gujarat, and has committed $600 million for the venture.

Tata Motors is looking to revamp its Nano as an EV, in a bid to boost sales; its factory too will be in Gujarat.

Live Mint says that MG Motors India Ltd, a subsidiary of China’s largest auto maker SAIC Motor Corp. Ltd is also considering launching electric and hybrid cars in India. The company has recently taken over General Motors India’s manufacturing facility in Halol, Gujarat “from where we aim to roll out environment-friendly vehicles,” said P. Balendran, executive director at MG Motors India.

September 30, 2017   No Comments