India better than US for business.
India today offers better economic opportunities than the US, say seven out of 10 US-returned Indian entrepreneurs, suggesting a dramatic generational shift with consequences for both countries. China too offers better opportunity say over 60% of Chinese who come back home to work…
The Economist predicts that China will soon feel a strong compulsion to appreciate its currency. may be up to 25%. That would make its exports expensive. And USA happy.
However, when USA felt the pressure of the Japanese imports it could shove & push Japan and the currency was appreciated up to 40%. But Japan was and still is heavily dependent on its mentor the US. That may not be the case with China. China does not need to obey and can decide for itself.
China was appreciating against the dollar, it was depreciating against many other currencies. Have a look at this chart of real effective exchange rates:
Brazil does not like this. It puts tremendous pressure on the Brazilian unemployment and inflation.
ACE Manufacturing Systems Ltd – one of India’s largest manufacturers of Vertical Machining Centers
Ace Manufacturing Systems Ltd., (AMS) is currently one of India’s largest manufacturers of Vertical Machining Centers. The company was started on February 24, 1994 by the promoters of ‘Ace Designers’ (India’s largest machine tool builders) along with Mr.P.Ramdas, a Technocrat with wide experience and proven expertise in Machine Tools. AMS, today, is the 3rd largest machine tool builder in India.
To handle the ever-increasing production needs and to facilitate the critical R&D work, AMS has equipped itself with latest infrastructure facility in its new plant which was inaugurated on 22nd December 2005, consisting of about 200,000 Sq Ft built up area including about 95,000 Sq. Ft of assembly / shop / stores area, in a plot of about 10 acres of land in the heart of Peenya Industrial Area in Bangalore. AMS has built in capacity to produce about 1500 machines per year and planned to expand further to build another 3000 machines per year.
Research & Development:
AMS does not rely on any Technical Collaboration. The Research & Development orientation and continuous improvement is the backbone of the Company’s growth. Ever since AMS started producing VMC’s, the usage of Vertical Machining Centers in the country increased significantly in the SSI sector. AMS played a significant role in substantially increasing the usage of Vertical Machining Centers in India. Small and Medium Scale industries were able to build precision machining facilities at an affordable cost and play a significant role in making India a manufacturing hub to the world.
Customers:
The customer base of AMS is spread across Large, Medium and Small-scale sectors with a good number of repeat customers operating a battery of AMS machines in their shops. More than 60% of AMS customers are Small-scale industries growing to be Medium-scale industries.
Product Range:
* Drill Tap Machining Center – SPARK, DTC-300, DART, DART +, Super Dart (BT-30)
* Vertical Machining Center – MCV-300, MCV – 300XL, WINNER, WINNER XL, CHALLENGER +, Shilpi (BT-40 with 12 tool ATC)
* Vertical Machining Center – MCV-400, 400XL, MCV-400S, Super Winner, SONIC, MCV-500S, MCV – 500XL MCV-600, MCV-600CX, MCV-650, MCV-650CX, (BT-40 with 20 tool ATC), Gemini ( Twin spindle VMC )
* Vertical Machining Center – MCV-500S / 50, MCV-600 / 50, MCV-600CX / 50 (BT-50)
* Horizontal Machining Center – HMC-400XL, with APC (BT-40).
* Moving Column Horizontal & Vertical Machining Center – CMH-800, with APC, Leader XL (BT-40)
* Heavy Duty Moving Column Horizontal Machining Center – CMH-600 / 50 (BT-50)
Achievements and Awards:
Ace Manufacturing Systems bagged the Best Exhibit and Best Design award in every IMTEX (1995, 1998, 2001 and 2004 ) from its inception until it decided not to participate in the competition to encourage other participants to get recognition.
The Indian values, commitment and hard work of the team plays a major role in the success of AMS.
Mr.P. Ramdas, the Prime mover behind this success story
Hailing from a lower middle class Agricultural family in Dakshina Kannada in Karnataka, Putige Ramdas was to walk 10 KM to attend school. As a bright student Ramdas secured Ranks in his Engineering from KREC Suratkal and distinction for his M Tech from IIT Chennai.
Ramdas joined prestigious Hindustan Machine Tools, the largest Machine Tool Company of yester years in 1973. He was a member of the design team which designed the first CNC lathe in India and bagged the first “Best Design award” at IMTEX 1979 for his design of SBCNC lathe. During his illustrious career in HMT, Widia Tools, Kirloskar and AMS, Ramdas designed hundreds of Machine Tools, repeatedly and consistently bagging the awards for Best Design in almost every IMTEX. A wonderful human being, Mr. Ramdas is known for his brilliance, hard work, dedication, commitment and strong values.
His message to the young generation: “Hard work with total commitment, dedication and Indian values will empower you to excel in whatever you do, succeed in life and become a great human being.”
IFC, a member of the World Bank Group, is providing an €11 million loan to Gamesa Wind Turbines Pvt. Ltd to help build a wind-turbine assembly facility. The loan will support Gamesa’s plans to scale up its assembly capacity in India over the next two years.
“Our project with Gamesa represents IFC’s first investment in a wind-turbine manufacturer in India, and we are committed to supporting energy generation from renewable sources to reduce greenhouse-gas emissions,” said Sergio Pimenta, IFC Director for Manufacturing in Asia.
The new facility will produce cost-effective turbines suited to India’s grid and wind conditions.
“The investment will help address India’s energy deficit and sustain its forecasted trajectory of economic growth,” said Sergio Pimenta.
With 11 gigawatts of installed wind capacity, India is the fifth-largest wind market in world. Since 2005, the country has seen a steady increase in installations.
Related news
Crompton Greaves (CG), part of the US$ 4 bn Avantha Group, has inaugurated its drives and automation plant at Mandideep, Bhopal. This plant will produce AC drives for the industrial segment and supply traction converters and control electronics to the Indian Railways.
Built at an initial investment of Rs 110 mn, this plant boasts a shop floor spread over 30,000 sq. feet and is equipped with modern machineries and tools. The plant will initially manufacture power converters, auxiliary converters (3×100 kVA) and control electronics for 6000 HP electric locomotives type WAG9 and WAP5, for the Indian Railways.
Indian Railway Network via Wikipedia
KEC International Ltd. has bagged orders worth US$123 million in India and Brazil for constructing transmission lines.
A turnkey contract for construction of 400 kv transmission lines in Maharashtra State.
SAE Towers, the wholly-owned subsidiary of KEC International, has secured a US$41million tower supply order in Brazil.
RPG Group company, KEC International, on Thursday said it has completed the acquisition process of US-based SAE Towers, along with its subsidiary firms in Brazil, Mexico and America.
KEC acquired Texas-based SAE Towers for $95 million on a cash-free and debt-free basis. SAE is a leading manufacturer of steel lattice transmission towers and its acquisition was strategic to KEC, as it will help the company enter more geographies and help its overseas business grow up by 15-20 per cent.
KEC acquired Jay Railway Signalling, an Indian company, for close to barely a week after sealing the buy-out of SAE Towers Holdings.
The RPG Group company is a dominant player in T&D and telecom infrastructure and is now eyeing the huge business potential in railway infrastructure, where it is already present in the electrification segment, having electrified 5000 KM of the Indian railways.
Kalyani Steels (KSL), India, a specialty steel manufacturing company has entered into an agreement with Brazil-based Gerdau SA. As per the agreement, both the companies will have an equity partnership of 45% each in SJK Steel Plant, a company recently acquired by Kalyani Steels. The remaining 10% will be owned by other investors, the company in a statement said on Friday.
The Kalyani Gerdau JV plans to enhance the capacity of this plant to 1.6 million TPA of finished steel in the next few years.
Image via Wikipedia
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Konecranes wins crane order from BC Hydro Konecranes America was selected to deliver two 575 ton turbine hall cranes and one 30 ton construction crane for an expansion project being carried at BC Hydro’s Mica generating station on the Columbia River in British Columbia, Canada. The Mica station is one of BC Hydro’s largest generating stations. It currently operates with four generating units delivering a total output of 1805 MW.The station was designed to hold six generating units, but only four were installed when the facility was constructed in 1977. A $700- $800M expansion project will install the two remaining generating units, adding another 1000MW of power generation capacity. The two new turbine hall cranes, designed to work in tandem to provide synchronized lifts up to 1150 tons, are the largest ever delivered by Konecranes in North America. The massive double-girder cranes are cab-operated with radio backup, spanning 76ft over the turbine hall on an 800ft existing runway. Inverter-driven and AC powered, the cranes feature a PLC-based control system that monitors a load restriction path and the control synchronization system. The cranes will operate inside an underground chamber. Access to the turbine hall is via a 400ft tunnel….Read More ABB wins $120M order in China Power and automation technology group ABB has won an order worth approximately $120M to engineer and supply key equipment for the Jinping-Sunan 800kV Ultra High Voltage Direct Current (UHVDC) power transmission project which will transport hydropower from Sichuan province in central-western China to the highly industrialized coastal area in the eastern province of Jiangsu. The system and key equipment will be designed in close cooperation with the project developer State Grid Corporation of China (SGCC) and local Chinese partners, and ABB will also supply key components for both converter stations, including converter valves, the control and protection system and DC yard equipment. ABB has also been selected to supply the 800kV UHVDC transformers for both converter stations…Read More Salini to build Africa’s largest hydro project talian firm Salini Costruttori has signed a contract worth EUR3.35B to build the 5250MW Millennium hydroelectric project on the Blue Nile in Ethiopia – the largest hydroelectric project in Africa. The project, to be implemented by the Ethiopian Government through the Ethiopian Electric Power Corporation, is scheduled to start delivering electricity in September 2014. The project will be located approximately 700km north west of Addis Ababa, on the Blue Nile, in the Benishangul – Gumaz National Regional State. Construction works mainly consist of a roller compacted concrete main dam, with two powerhouses to be installed at the toe of the Dam, on the right and left banks, accommoding 10 and five Francis turbine units respectively. Other features will include a concrete lined gated spillway and a 5km long, 50m high Saddle dam, both located on the left bank. The project will be carried out according to the “Fast Track Implementation” method, developed by Salini for the building of large hydroelectric plants, ready for immediate use. The method is based on the concurrent development of all relevant working phases, and allows a radical lowering – at least 50 % – of construction time, says the company….Read More NYPA approves $7M in contract awards to support Niagara power project upgrade The New York Power Authority (NYPA) has announced the award of more than $7M in contracts to firms in Buffalo and Queens as part of a planned major enhancement of NYPA’s Lewiston Pump-Generating Plant (LPGP), the auxiliary facility at the Niagara Power Project, which is marking 50 years of successful operation this year. The NYPA Board of Trustees has approved three-year contracts with Ferguson Electric Construction Co. of Buffalo and Welsbach Electric Corp. of Queens in support of the Life Extension and Modernization (LEM) Program that is scheduled to get fully underway at LPGP late next year. “The Power Authority’s contract awards are part of the ramping up for the refurbishing of the Niagara Project’s Lewiston Pump-Generating Plant and demonstrate our continued commitment to maintaining the integrity of NYPA’s critical infrastructure,” said NYPA President and Chief Executive Officer Richard M. Kessel. “The overhaul will contribute to maximizing the efficient operation of the Niagara Project to produce low-cost electricity for Western New York, including key businesses employing tens of thousands of people. Our partnering with various New York-based contractors on the LPGP initiative will further advance the state’s economy in providing revenues for those businesses, with reliance on local union trades people in the disassembly and reassembly of equipment.”….Read More Tata Power-SN Power Consortium wins bid for Dugar project, India A consortium comprising Tata Power of India and Norway’s SN Power has won the contract to develop the 236MW Dugar hydroelectric project in Chenab Valley in Himachal Pradesh, India. The project will be developed through a Special Purpose Vehicle (SPV) formed and owned by the consortium. A detailed exploration and design study will be undertaken to plan and finalize the project implementation, with a pre-implementation agreement to be signed with the Directorate of Energy, Govt of Himachal Pradesh, shortly. The run of the river scheme will primarily feed the Northern grid. It is the last project in cascade in Himachal Pradesh on the river Chandrabhaga (Chenab) and envisages a dam height of 93m with an underground cavern type powerhouse at its base. Tata Power and SN Power, Norway entered into an exclusive partnership in 2009 to develop hydropower projects to meet the increasing energy demand in India and Nepal through the provision of clean energy….Read More Deadline approaching for hydro project tours preceding HydroVision International conference Registration deadlines are approaching for a pair of hydropower project technical tours offered prior to the start of HydroVision International 2011, the year’s largest gathering of hydropower professionals. Online registration for the tours is available. HydroVision International is scheduled July 19-22, 2011, in Sacramento, Calif., USA. About 3,000 people are expected to attend the four-day event, which offers a wealth of networking opportunities with leading professionals and key decision makers. To enhance the week’s activities, technical tours of the Folsom and Oroville hydropower projects are available. Tour space is limited….Read More GDF Suez official: Government of Chile should amend hydro project classifications
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BHEL India, has formulated a strategy to counter competition from Chinese companies who have picked up a large orders from Indian power projects. BHEL is organizing workshops in different parts of the country to convince clients about the superiority of its equipment.
The initiative is backed by a strong team of BHEL engineers and marketing personnel who have been given the mandate to educate clients about availability and performance of power equipment produced by various companies (including Chinese) globally.
The proliferation of Chinese equipment is becoming a cause of concern. BHEL till recently enjoyed monopoly status in the Indian power equipment market. It has orders worth around US$35 billion at present. Chinese companies have made a major impact in the Indian power market recently. Government data suggest that out of 80610MW of new capacity under construction in the 11th Plan (2007-12 ), about 43048MW (55%) is ordered on BHEL and 15725MW (20%) on Chinese manufacturers. For the 12th Plan (2012-17 ) period, of the 32010mw capacity already under construction, a substantial 10170 mw (31%) is ordered on Chinese manufacturers.
All major industrial groups like Reliance Infra, Adani Power, JSW Energy , Jindal Power, KSK, GMR, Sterlite, Lanco, Indiabulls have placed orders on Chinese suppliers.
These workshops have helped Bhel to come out with new generation power equipment that are not only cost competitive but also deliver high levels of performance. The company has also swung few orders from companies that have earlier placed orders with Chinese suppliers. It has ramped up its capacity to 15000mw. It is further increasing it to 20000mw.
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Ethiopia is building five hydropower dams — some funded by the World Bank — and announced on Wednesday that it would shortly start building a huge 5,250 megawatt (MW) dam on the Nile, despite an escalating row with Egypt over the river’s use.
Reuters Report http://is.gd/gNPEOb
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