Brakes India and ZF Launch Electric Park Brake Technology

Germany-based ZF Friedrichshafen AG, together with Brakes India, — a joint venture between ZF-TRW and the Chennai, India-based TVS group — announced an India-specific Electric Park Brake (EPB) technology. The JV tied up with a global OEM (whose name is not disclosed)  to develop this technology, a first for India.

“EPB localization is in line with the ‘Made in India, Made for India’ strategy,” said Sriram Viji, deputy managing director, Brakes India.

EPB SystemThe EPB system functions as a conventional hydraulic brake for standard service brake applications, and as an electric brake for parking and emergency braking, reports BusinessLine.

Manfred Meyer, global vice-president, Braking Engineering for ZF said, “We have now produced more than 90 million units and are the world leaders in this technology.”

October 8, 2017   No Comments

Danfoss India Targets 50% Localization by 2020

Danfoss Industries, the Indian arm of the Nordborg, Denmark-headquartered Danfoss, which makes a range of industrial products for heating, cooling and energy efficiency, is aiming to increase manufacturing localization to up to 50 percent by 2020.

Danfoss India president Ravichandran Purshothaman said the company manufactures 20 percent of its products locally while the rest are imported. “We have invested a lot in R&D in the last few years and will continue to further invest in innovation and technology so that we can manufacture products locally, which we can even export to other markets,” he added. Danfoss has three manufacturing units in India, with the largest in Chennai spread over 50 acres, which also houses four R&D labs, reports Money Control.

Danfoss President India, Ravichandran Purushothaman

Ravichandran Purushothaman

Purushothaman explained that to increase the company’s production capabilities, they will have to strengthen and double their supplier base. “There is huge scope for expanding in Maharashtra, Gujarat and southern states” he said.

 

September 27, 2017   No Comments

India is a Winner in Hyperloop One Global Challenge

A panel of experts in infrastructure, technology, and transportation, announced ten Hyperloop One winners from five countries — Canada, India, Mexico, U.K. and the U.S. — which were  chosen from among hundreds of applicants.

The two Indian companies that made it to the winning list are Hyperloop India and AECOM India. The former proposed a Mumbai-Chennai route that would provide an east-west connection across India. The 685-mile stretch will take passengers and goods from Mumbai to Chennai in just 63 minutes. AECOM India proposed the 208-mile Bangalore-Chennai Industrial Corridor that would take passengers and goods in just 23 minutes, reports The News Minute.

“The winning teams of the Hyperloop One Global Challenge represent the best innovation and creativity from government agencies, engineering firms, academics, infrastructure experts and more,” said Josh Giegel, co-founder and president [Engineering] of Hyperloop One. “We look forward to working closely with all the winners, their partners and local authorities to examine the feasibility and scope of these routes and, ultimately, build the first Hyperloop routes around the world,” he added.

September 22, 2017   No Comments

India’s Proklean Tech’s Probiotic Products Find Global Markets

Chennai, India-based Proklean Technologies, has an exclusive license from Kansas City’s SCD Probiotics for using its certified mother culture to manufacture and market products that are natural, non-toxic, and bio-degradable. These products are used in variety of industries, including leather and textile processing. “Wherever chemical surfactants are used, we have an opportunity to develop a replacement,” says Sivaram Pillai, the CEO of the company.

BusinessLine reports that according to the agreement, SCD Probiotics will sell the product made in India for the leather industry globally, while Proklean will sell it in the Indian market. For the textiles processing industry, Proklean will sell the products in India and globally too. “We are selling in Bangladesh, the Philippines, Sri Lanka and we are starting Indonesia,” says Vishwadeep Kuila, director, Proklean.

Proklean Products

This year, Proklean will launch products for the paper and pulp industry. “We are ready with the first product for the paper industry, which will help reduce the usage of chemicals, or with the same chemical consumption, increase the brightness of paper,” Pillai said. These products help bring down water consumption by 20 percent, reduce pollution by 30 percent and processing time by 10 percent, added Pillai.

 

June 15, 2017   No Comments

Marigold Capital Set to Acquire The Leela in Chennai

Mumbai-based private equity fund Marigold Capital and Investments is set to acquire the Leela Group’s 326-room hotel in Chennai, India, for approximately $109 million. The fund specializes in buying debt-ridden hotels and commercial real estate properties and turning them around.

Mumbai-based JM Financial, an investment bank that is the advisor to the sale said, “The deal with Marigold is in the documentation stage where the final agreement will be drafted.”
The Economic Times reports that last year, the JM Asset Reconstruction Company sold the Leela Group’s hotel in Goa to a Malaysian conglomerate MetTube SD BHD for about $113 million.
The Leela Chennai

June 12, 2017   No Comments