Category — Manufacturing Technology
Raytheon signed an MoU with India’s Tata Advanced Systems Limited (TASL) to co-produce Stinger air defense missile components in India.
“Our agreement with Tata Advanced Systems deepens our industrial partnership in India with a global technology leader and will expand the range of options and capabilities for U.S. and coalition forces to achieve their missions,” said Duane Gooden, Raytheon Land Warfare Systems vice president in a statement.
Last year, India was one of three international customers to order Stinger missiles, and it plans to equip its AH-64 Apache helicopters with them, reports Defense World.Net.
February 22, 2017 No Comments
French automobile conglomerate PSA Peugeot Citroen (also known as the PSA Group), finalized a $12 million deal to acquire Hindustan Motors from parent company the C.K. Birla Group.
Once known as the ‘King of Indian Roads’, the Ambassador car brand is the most iconic car of India. Modeled after the British car Morris Oxford III, this car was first manufactured in 1958, and in 2014 production was shut down.
The PSA Group, which owns the Peugeot, Citroen, and DS Automobile marques, established a partnership with the C.K. Birla Group in January 2017 to enter the Indian automobile market. The joint venture, with a reported initial investment of $112 million, will see the French company set up a factory in Tamil Nadu to manufacture around 1,00,000 vehicles each year, reports Your Story.
February 16, 2017 No Comments
After exhaustive stakeholder consultations, the Government of India published the new medical device and in vitro diagnostic regulations (IVD) on Jan 31, 2017. The Medical Device Rules, 2017, issued by the Ministry’s Central Drugs Standard Control Organization, will replace India’s longstanding Drugs and Cosmetics Act upon implementation. The new rules will go into effect January 1, 2018.
- The new rules endorse a risk-based classification plan for medical devices and IVDs.
- Unique identification of medical devices and IVDs will be required by regulators, starting January 1, 2022.
- Licenses issued to device registrants will remain valid indefinitely, along with payments of license retention fees, unless cancelled or surrendered.
- The rules include fee revisions based on device classification.
- Test licenses will remain valid for three years (currently, these are valid for one-year periods).
- It is mandatory to have Notified Bodies (legal entities) conduct audits of device-manufacturing sites in India before manufacturing licenses can be issued.
- Licenses and registration certificates obtained prior to implementation of the new rules will remain valid either until expiry or after an 18-month period following implementation, whichever is later.
The Medical Device Rules 2017 in its entirety is available on request. Please use this link to get a copy.
February 11, 2017 No Comments
Chennai India-based Sundaram Clayton Limited, a leading supplier of aluminum die castings to the automotive and non-automotive sectors, announced that it will establish its first American unit in Dorchester County, South Carolina, at an estimated cost of $50 million.
The company has acquired 50 acres of land for its new facility, where it will manufacture aluminum high-pressure die-cast products and permanent mold gravity cast parts for its customers. The Indian Express reports that construction work is expected to begin by April this year and the first production line is projected to be operational by the end of next year. The factory will create 130 new jobs over the next five years.
“The United States has always been an important market for us,” Lakshmi Venu, Sundaram-Clayton’s managing director, said in a statement. Venu said the company decided to invest in South Carolina to better support its U.S. customer base.
February 10, 2017 No Comments
Headquartered in Mumbai, India’s largest automobile maker, Tata Motors, showcased its most recent vehicle: the hydrogen powered “Starbus”, a zero-emission mass transport solution, for inter-city commutes.
This bus, developed in partnership with India’s Space Research Organization, works by combining hydrogen and oxygen in a fuel cell. The fuel cell produces electricity to power the electric motor; water and heat are byproducts. This is the first time an Indian manufacturer has ventured in this direction, reports carandbike, a unit of NDTV.
Ravindra Pisharody, Executive Director – Commercial Vehicles, Tata Motors said, “We have consistently been developing and manufacturing products that can contribute to CO2 reductions across all road transport segments and with early investments in new technologies, we are geared up to further strengthen our market leadership.”
February 10, 2017 No Comments