Engineering and Manufacturing
The Global Innovation Migration to Low-cost Engineering
- BusinessWeek
American companies are also moving major portions of their operations abroad. IBM employs nearly 100,000 workers in India, HP has 26,000, Microsoft (MSFT) has 5,500, and Cisco (CSCO) has 5,000. Pfizer employs 4,000 in China and 2,300 in India. These companies are developing some of their most sophisticated products abroad, often to target the [...]
India Outperforms China In Auto Exports
In Latin America, engineering and manufacturing capabilites of Indian companies need to be showcased in a big way. So, far I have seen too much emphasis on textiles and handicrafts. Overall, areas where Indian IP is strong like engineering, specialty chemicals need more exposure in Latin America. In the auto sector, there is an opportunity [...]
Car exports from India surge 57% in FY ‘09
The Times of India
At a time when global auto majors are struggling, carmakers in India have been able to expand their overseas presence with exports from the country registering whopping 57.04% growth in the last fiscal.
According to the figures released by the Society of Indian Automobile Manufacturers (SIAM), passenger car exports from India touched 3,31,539 [...]
In India, Global Crisis Is Not All Bad News
washingtonpost.com
About 60 percent of India’s outsourcing business comes from the United States, and 40 percent of the work is in the banking, insurance and financial services sectors.
“We now have to look at other regions of the world, like Japan, the Middle East and the Nordic countries,” said Som Mittal, president of the National Association of [...]
Tatas acquire 50.3% in Norwegian e-vehicle major for ~USD $2million
- Automobiles-Auto-News By Industry-News-The Economic Times
MUMBAI: Tata Motors has acquired a 50.3% holding in Norway-based electric vehicle major Miljo Grenland/Innovasjon for Kroner 12 million (Rs 9.4 crore). Its UK subsidiary, Tata Motors European Technical Centre, is the investment vehicle for the acquisition. The existing shareholders will retain the remaining stake in the company. ET had [...]
Larsen and Toubro to foray into Brazil by 2009
Describing Brazil as a place with spiraling inflation is ridiculous. Some copy editing mishap I presume.The Economic Times
Larsen and Toubro Ltd (L&T), India’s largest engineering and construction conglomerate, will enter Brazil and South Africa by early next year.
“We are planning to foray into South Africa and Brazil in all verticals – oil and gas, cement, [...]
Honda will set up R&D centre for cars in India
Business-The Times of India
In a pointer to the growing stature of the Indian car market globally, Japan’s Honda Motor Co has decided to set up a research and development (R&D) centre for cars in the country to understand the requirements of the market better. Globally, this would be the one of the seven R&D centres [...]
Uruguay Grants Land for ZAP Electric Vehicle Assembly Facility
MarketWatch
The government of Uruguay, in a move to expand investment in new industries and technologies, has set aside land for an electric vehicle assembly plant expected to begin construction next month by US electric car pioneer ZAP.
The State of Montevideo has granted an acre of land to ZAP within an industrial and technology park established [...]
LatAm countries hold opportunity for Indian mid caps
This whole talk of currency instability is slightly dated. In the 80s and early 90s, when debt was denominated in $ currencies came under pressure from rapid FDI outflows – 80s era of hyperinflation comes to mind.
With the spectacular increase in commodity prices, starting in 2001, many countries in LatAm have been able to [...]
India’s Larsen and Toubro gets $160 mln order from Petrobras
Reuters
Larsen & Toubro Ltd, India’s top engineering and construction company, said on Wednesday it had received an order worth $160 million from Brazil’s Petrobras.
The order, for 10 reactors and 12 coke drums, is expected to be delivered in 2010/11, it said.
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