Pune, Maharashtra-based Kalyani Group supplies Boeing titanium flap track forgings for its 737 series aircraft. The company also manufactures landing gear and structural components for other OEMs such Rolls-Royce, Liebherr Aero and Safran.
Kalyani has three joint ventures in the defense sector: BF Elbit Advanced Systems for artillery systems; Kalyani Rafael Advanced Systems for specific areas like missile technology (spike missile); infantry combat vehicle upgrade and advanced armor solutions; BF Premier Energy Systems for ammunition; air defense systems and short-range surface-to-air missile systems, with Saab of Sweden
In a communication with Defense News, chairman, Baba Kalyani said that India-made defense products were competitive because of the knowledge and skill arbitrage coupled with labor arbitrage that gives India an edge over other competitors.
November 17, 2016 No Comments
Luxembourg headquartered and NYSE-listed Globant, a technology services company, is expanding its operations in India with the launch of its new development center in Pune, 90 miles to the east of Mumbai, reports Business Standard. The Pune center is equipped to house 1,200 employees.
Guibert Englebienne, Globant chief technical officer and co-founder said, “By being in India, we aim to increase our global footprint; building a global team with the best talent of the world.”
Global has growth plans in digitalization, and according to Gartner, IDC and Cantor Fitzgerald Research, the Digital Services market is a large opportunity, with an estimated size of $71 billion for Services and a compelling growth rate of 25% CAGR for the next 5 years.
Globant already has a facility in Bangalore which it acquired during the 2015 acquisition of Clarice Technologies.
October 7, 2016 No Comments
In an interview with Business Standard, Kevin Flynn, president and managing director of Fiat Chrysler Automobiles, India, said that the company has robust plans for a ‘made in India’ variant of their Jeep brand.
“We have invested $280 million in our facility at Ranjangaon near Pune to mobilize our localization strategy. We are on track with our plans to manufacture and roll out an all-new, premium Jeep SUV from our plant in 2017.
We don’t see India as a cheap but rhater a great manufacturing option. We want to make a lot more use of that unit and you will see a significant increase in production from that plant,” he added.
Fiat Chrysler India will open 10 new distribution outlets in nine cities by the end of this calendar year to sell the Jeep products in the country.
September 13, 2016 No Comments
Netherlands-based navigation and location-based products and services company, TomTom, launched a global innovation hub in Pune, 90 miles west of Mumbai. It will be open to all India-based employees to upgrade their skills, innovate and think like entrepreneurs, reports Economic Times.
Barbara Belpaire, general manager at TomTom, India, who will also head this center, said, “The Innovation Hub reiterates TomTom’s approach of being an innovative company with a focus on nurturing the talent in India. This will give employees a platform to develop new software, technology, applications, services and futuristic consumer products in the wearables, mapmaking and data services space We aim to contribute to the Indian government’s ‘Make in India’ plan where our India team will contribute significantly to innovation globally.”
The hub has three broad sections — demonstration, experimentation and break areas where employees can tinker with TomTom products, as well as some other devices, by making modifications to the software or adding sensors for example. The Innovation Hub will explore tie ups with universities, institutes and other companies.
September 5, 2016 No Comments
German automotive component and services major ZF Friedrichshafen AG on ZF India Supplier Day, the company said it aims to reach $110 million worth of export from India by 2017. The company makes and sells transmissions, axles and chassis componets for cars and trucks.
“We want to develop India to a global sourcing hub for ZF,” said Wilhelm Rehm, Member of the Board of Management and responsible for Corporate Materials Management. “India has always had an advantage of a good supplier base, technical capability and availability of skilled talent proving it to be a premier destination for sourcing.”
August 28, 2016 No Comments