Gujarat, India Offers Incentives for Defense Equipment Manufacture

The western state of Gujarat in India, has released an investor-friendly Aerospace and Defense Policy 2016 that offers 10-year incentives in relation to land allotment, stamp duty, registration charges and electricity duty, to attract defense and aerospace manufacturers reports Defense World.

Terms of this policy are:

  • The state will now provide government land at 50% of jantri, or basic land rates, for setting up units during the five-year tenure of the policy
  • Land owned by the state and the Gujarat Industrial Development Corporation will be given first preference for land allotment
  •  A 100% rebate on stamp duty and registration charges levied on land purchased
  • Electricity duty waiver for a period of five years since the commencement of production
  • a facility for testing and trials will also be made available
  • tax relief up to 90% of fixed capital investment, which could go up to 100% depending on the financial constraints faced by any player

defense aircraft

The policy also provides for cash and interest subsidies for aerospace and defense sector players wanting to establish their units in the state: the government will offer a cash subsidy up to $367,000 ( Rs 2.50 crore) for Micro, Small and Medium Enterprise units.

 

December 31, 2016   No Comments

India’s Britannia Industries to Go Global

Bakery and dairy product maker Britannia Industries headquartered in Bangalore, India, is planning to expand its presence in overseas markets, reports moneycontrol.

“It’s our vision to make Britannia not just an Indian food company but a global food company. We want our footprint across the globe and have made some move across that direction and a lot more would be coming in future,” said managing director Varun Berry.

Britannia Logo

The company aims to double its revenue of $1.2 billion, for FY 2015-2016, in the next four to five years. Britannia products are currently available in 70 countries across the globe but its manufacturing activities are located in India and the Middle East only. The company is setting up an additional manufacturing plant in Gujarat‘s Export Zone.

In November, Britannia inaugurated its new R&D center at Bangalore, in which it has invested $33 million.

December 29, 2016   No Comments

India Commissions Largest Solar Plant in the World

Kamuthi, in the southern state of Tamil Nadu in India, now has the world’s largest solar power plant in a single location. With a capacity to produce 648 MW of electricity, the plant covers an area of  4 square miles.  The project consists of 380,000 foundations, 2.5 million individual solar modules, 576 inverters, and 154 transformers.  Each day, the plant is cleaned by a robotic system that is charged by its own solar panels, Al Jazeera reported.

Kamuthi Solar Power Plant

This solar plant is backed by the Gujarat-based conglomerate Adani Group, and it was constructed in a record time of eight months. The government wants to raise $1 trillion to quadruple its current global solar power to 1 terawatt by 2030, and there are plans to create even bigger solar parks in the state of Andhra Pradesh, says Quartz.

 

December 14, 2016   No Comments

iBASEt Expands Operations in Ahmedabad

Headquartered in Foothill Ranch, California, iBASEt, provider of software solutions to complex, highly regulated industries such as  Aerospace and Defense, Medical Devices, Nuclear, Industrial Equipment, Electronics, and Shipbuilding, expanded its India operations last month.

The new office in Ahmedabad, in the western state of Gujarat, will expand iBASEt’s footprint in the global market. It will cater to the growing global demand for the company’s manufacturing, quality and MRO software solutions; support further investment in software product development; and provide services to its international customers, reports FreshNews.

iBASEt Logo

 

“With our presence in India expanding over the last few years, we felt it was time our office environment matched the growth of our employees,” said Vic Sial, president at iBASEt. “Our new location and enhanced operational efficiency will help us continue to grow and evolve to keep pace with our customer’s needs.”

 

October 24, 2016   No Comments

India’s Ports Handle Increasing Numbers of Containers

According to the Journal of Commerce, container volumes increased this year by 6.3 percent from May to September at India’s major ports over the same period last year, reports the Maritime Executive.

TEU volumes for Kolkata were up 17 percent; up by five percent at Tuticorin; Visakhapatnam volumes were up 132 percent;  and DP World-operated Vallarpadam Terminal volumes were up 20.5 percent.

International Container Transshipment Terminal in Kochi, India

Statistics for the Jawaharlal Nehru Port Trust in the western state of Maharashtra:

  • Accounted for 2.26 million TEUs, representing more than 50 percent of India’s total containerized traffic
  • Turnaround time for one ship was reduced to 2.01 days from 2.85 days
  • Aims to handle 10 million TEUs by 2021, after a new terminal is commissioned.

Statistics for the DP World operated Mundra International Container Terminal in the western state of Gujarat:

  • Achieved a rate of 49.5 moves per crane per hour while handling the Maersk Line vessel Seroja Lima
  • The 8,520-TEUs Seroja Lima was unloaded, loaded and departed within a time frame of less than 10 hours
  • Achieved a productivity rate of 180 moves per hour at the main berth having four twin-lift and 21-across quay cranes

Prime Minister Modi wants to develop ports that can shift freight onto vessels capable of carrying 18,000 TEUs.

 

October 22, 2016   No Comments