India Buys Ocean Sensors from U.S., Missiles from Israel

The Defense Acquisition Council of India’s Defense Ministry approved the purchase of ‘Expendable Bathythermograph Systems‘, which are small torpedo-shaped devices fitted with temperature sensors and transducers to detect changes in water temperature. These devices, meant for India’s Navy, will be acquired from the U.S.

The government also approved the procurement of a fresh batch of Barak surface-to-air missiles for Naval warships to enhance India’s maritime capability. These missiles will be supplied byRafael Advance Defense Systems Limited of Israel at an approximate cost of about $80 million.

Barak Missile

According to sources in the defense ministry the Council also reviewed several old proposals and gave instructions for their speedy processing, reports the Livemint.

 

April 10, 2017   No Comments

India Launches 100 Satellites on Single Rocket

India‘s Space and Research Organization disclosed that it had successfully launched more than a hundred nano satellites that weighed less than 22 pounds each, in a single mission.

“All 104 satellites were successfully placed in orbit,” the space agency’s chairman, A.S. Kiran Kumar, said. These included an Indian Earth observation satellite and two small technology-demonstration satellites, as also 96 from the United States and one each from the Netherlands, Switzerland, Israel, Kazakhstan and the United Arab Emirates, reports the Los Angeles Times.

ISRO Rocket

Prime Minister Modi tweeted that the “remarkable feat by ISRO is yet another proud moment for our space scientific community and the nation.”

February 16, 2017   No Comments

Clariant’s Healthcare Packaging Facility in India to Start in 2017

Clariant, a specialty chemicals company headquartered in Muttenz, Switzerland, will commence its new greenfield production facility in Cuddalore in the southern state of Tamil Nadu by the second semester of 2017.

“The new site will serve the Indian pharmaceutical industry with state-of-the-art desiccant products produced under the strictest quality and compliance standards, and within a secure, truly global manufacturing network. We are extremely excited that facility construction, and production plans are moving at full speed ahead, according to schedule. The production capabilities at this new facility will add significantly to our global dessicant canister production capacity during 2017,” said Matthias Brommer, head – Clariant Healthcare Packaging.

Clariant's Dessicant Canisters

 

This factory joins existing production facilities in the U.S., France and China, and it is strategically located within the Bangalore-Chennai biopharmaceutical cluster, one of India’s busiest pharmaceutical hubs, reports Business Standard.

 

December 18, 2016   No Comments

4G Subscribers in India Close to 70 Million

Reliance Jio claims to have signed up 52 million 4G subscribers since its official launch in September, while Airtel added nearly three million 4G users in the second half of the year, taking its total to 7.4 million. Idea Cellular at number 3 is forecast to have 4.2 million 4G subscribers by the year-end; Reliance Communications 3.6 million; Aircel 1.7 million and Vodafone India 1 million, reports Mobile World Live.

Vodafone Advertisement

Together all these companies mentioned above are expected to have at least 70 million 4G connections by the end of the year. Currently India is the third largest 4G market in Asia, behind China (704 million) and Japan (128 million). The U.S., with 215 million 4G subscriptions, stands first globally.

There is little doubt India will surpass Japan in 2017 to become the third largest 4G market worldwide.

December 16, 2016   No Comments

India Rises in WEF’s Competitive Rankings

India jumped 16 places to number 39 out of 138 countries rated in the World Economic Forum’s competitiveness ranking, due mainly to better infrastructure and strong economic growth. In the World Competitiveness Report 2016-2017 rankings are made on the assessment of 12 parameters: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.

India has made significant progress on infrastructure, one of the pillars where it ranked worst,” said the report.

Rail Infrastructure

Switzerland, Singapore and the U.S. were ranked first, second and third, respectively. China was ranked 28th, Sri Lanka was 71st, while Pakistan ranked 122nd.

The report also highlighted some of the remaining problems of doing business in India: confusing tax regulations, corruption and others, says the Wall Street Journal.

October 4, 2016   No Comments