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Written by Anand
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Tuesday, 09 February 2010 |
Mumbai: The land system focused Joint Venture of Mahindra & Mahindra Ltd. and BAE Systems, which has now been named ‘Defence Land Systems India’, will make an initial investment of US$ 21.25 million over a three year period.
Defence Land Systems India will be headquartered in New Delhi with manufacturing at a purpose built facility South of Faridabad, just outside of Delhi. Initially there will be about 100 employees and existing projects include the Axe high mobility vehicle as well as up-armored and bulletproof Scorpios, Boleros, Rakshak, Rapid Intervention Vehicles and the Marksman light armored vehicle. |
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Written by Krishna Kumar
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Tuesday, 09 February 2010 |
Tiruchirappalli: Bharat Heavy Electricals Limited's (BHEL) manufacturing units at Tiruchirappalli and Ranipet have leased space in the Research Park being set up by IIT Madras.
The Public Sector undertaking has leased 6000 sq ft at the Research Park which will be utilized for carrying out joint research with IIT Madras for the development of advanced technology solutions for the energy sector, where BHEL is currently the market leader. Work on refurbishment of the interiors of the raw leased space is to be completed by BHEL by March this year. |
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Written by Arjun
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Tuesday, 09 February 2010 |
Bangalore: Italian machine tool manufacturer, Fom Industrie, has set up a technology center in Bangalore, as a part of it's global expansion strategy. The company also plans to set up new centers in the North and western region of the country.
"We have already invested about 500,000 Euro (32.05 million Indian rupees) to start our technology centre, which has an area of around 5000 sq.ft," said Massimo Ajello, Director (Head of India Operations), FOM Aluminium Machines Pvt. Ltd. The technology center in Peenya Industrial estate, Bangalore will be the headquarters of the company's Technology Center Network in India. |
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Written by Ravi
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Tuesday, 09 February 2010 |
Chennai: The first production model of the new Figo was driven off the assembly line at Ford's newly expanded facilities in Chennai on Friday. The new engine facility that manufactures the exclusive 1.2L petrol engine for Figo was also inaugurated. With this the new car production capacity is up to 200,000 units annually - doubling vehicle production at the facility.
Relying more on Indian partners, 85 percent of the new Figo is expected to be locally contented. More than 700 new employees have been hired by Ford India at the expanded assembly and engine manufacturing facility in the past 12 months. |
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Written by Hari
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Tuesday, 09 February 2010 |
Pune: The President of the Federal Republic of Germany, Dr. Horst Koehler visited Thermax Limited's factory in Chinchwad, Pune. He was accompanied by a delegation that included government officials, business leaders and German media.
"Thermax is in the energy and environment domain –areas of global concern and also of tremendous opportunities. Germany has a number of excellent companies in this space and we look forward to our association growing in the years to come," said Meher Pudumjee, Chairperson of Thermax Limited, highlighting the company's technology partnerships and business alliances with German organizations. |
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