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PostPosted: Wed Jul 07, 2010 12:10 pm 
Industrialists briefed on export mechanisms

TIRUCHI: Industrialists in fabrication sector in and around Tiruchi were encouraged to export opportunities and to diversify their product base at a recent programme organised by the Tiruchi District Tiny and Small Scale Industries' Association (TIDITSSIA) in association with the Engineering Export Promotion Council (EEPC), the Ministry of Commerce, New Delhi.

The participants comprising engineers andentrepreneurs were told to focus on world market by enhancing product value. Senior officials from the EEPC and Export Credit Guarantee Corporation (ECGC) asked them to adopt the methods followed in export business .

By starting Export Oriented Units (EOU), budding entrepreneurs can avail of the benefits of various schemes of the government on export promotion. Demand from the local market might not be encouraging in future, said S. Sridharan, TIDITSSIA president. Export Promotion Councils, the EEPC and the ECGC were playing a major role in safeguarding the interests of small scale exporters.

Even merchandisers could take up export business on engineering goods. Export policies and business formalities had been made simple and user-friendly, he said.

M. Ganesan, Regional Director, EEPC India, Southern Region, detailed on the export opportunities and the precautionary measures to be taken such as verification of buyer and LC (Letter of Credit) opening. He also explained about pricing, insurance, documentation, regulations of various foreign countries and their import policies, delivery schedule management, and export benefits like duty free import, duty drawback, duty entitlement passbook scheme and deemed export.

R. Sathyanarayanan, Branch Manager, ECGC, Chennai, handled a session on the ECGC and its services, discussing both political and commercial risks.

According to S. Abdul Razeed, TIDITSSIA secretary, the initiative aims at promoting Tiruchi as an export hub.


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PostPosted: Tue Jun 29, 2010 2:55 pm 
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cethar vessels new office:

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www.shilpaarchitects.com


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PostPosted: Sun Jun 27, 2010 11:44 am 
Rane Group to invest Rs 260 cr for expansion

Chennai-based auto component maker Rane Group is investing Rs 260 crore to augment capacity in the current financial year. The aim is to meet the rising demand from vehicle manufacturers.

The company, which make power steering systems, steering columns and suspension systems, among other products, for Hero Honda, Maruti Suzuki, M&M and Tata Motors, is going for a brownfield expansion of its plant in Trichy.

L Ganesh, chairman, Rane Group, said, “We are increasing production for engine valve and brake lining as supply of these products is lower than what is required. The demand for components has increased tremendously and we are running our plants at full capacity.”

The group, which has eight companies under its fold, with four of them listed on stock exchanges, plans to fund the expansion through internal accruals and short-term debt.

Some of the group companies are Rane (Madras), Rane Engine Valve, Rane Brake Lining, Rane TRW Steering Systems and Rane Diecast. The group, which recorded top-line growth of 30 per cent at Rs 1,709 crore last financial year, expects to end the year at Rs 2,000 crore. The group has manufacturing facilities in Chennai, Puducherry, Mysore and Pantnagar.

The revival in the Rs 165,000-crore Indian automobile sector has spurred auto component players, who have lined up multi-crore investments in the next few years.

About Rs 9,000 crore will be invested by 500-odd auto component companies this year alone for setting up new capacities and upgrading existing ones, according to industry experts. This would be 33 per cent higher than what was invested last year.

The booming industry has forced some of the widely-known names in the component industry to foray into India, either through partnerships or a solo entry.

As most popular automotive brands such as Volkswagen, Nissan, Renault, Ford and General Motors are rapidly expanding capacities in India for consumption in domestic and export markets, the demand for components has reached an all-time high.


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PostPosted: Fri May 21, 2010 6:32 am 
Tiruchi firm to manufacture air filters

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TIRUCHI: Baby Engineering Private Limited (BEPL), Tiruchi, has entered into a tie-up with Camfil FARR Power Systems (CFPS), Sweden, an international leader in air filtration systems, to manufacture air filters that protect turbines for domestic and global markets.

The BEPL got an exclusive fabrication shop for CFPS commissioned on Thursday at Devarayaneri. Executive Director of Bharat Heavy Electricals Limited, Tiruchi, A.V. Krishnan, opened the office building and K.N. Ramajayam, Chairman, Janani Group of Companies, Tiruchi, commissioned the plant.

P.K.S.V. Sagar, Chief Operating Officer, Camfil-India, and Saradha Sagar started off the operation of the Press Brake Machine and CNC Plasma Cutting Machine respectively. And the Grit Blasting Booth and Paint Booth were opened by Peter Sandberg, Managing Director, CFPS, Sweden, and Henning Marwege, Managing Director and Chief Operating Officer, CFPS, Germany.

As per the memorandum of understanding, Camfil will set quality standards and facilitate technical support to BEPL to achieve international requirements, and the latter has to ensure deployment of skilled labour and maintenance of global health and safety standards.

Terming the joint venture a matter of pride, Mr. Krishnan said the new manufacturing unit symbolised the transformation brought in by entrepreneurs initially fostered by BHEL to raise the status of Tiruchi as a manufacturing hub serving domestic and international markets.

Tiruchi has demonstrated growth both vertically in terms of the rise in the number of industries and increasing turnover, and horizontally going by the spectrum of products. Mr. Krishnan assured the support of industry fraternity, complimenting the CFPS for taking the right decision.

Mr. Ramajayam said that India being a safe and peaceful destination, foreign investors can feel certain about fulfilling their aspirations, particularly in Tamil Nadu.

Tiruchi was the right place to feel confident about expansion of operations, he said.

High quality air filters will be manufactured at the Plant, Mr. Henning Marwege said, exuding hope that the product will have a flying start in India.

Now that a good foundation has been laid, reliability and success in quality through implementation of the procedures by qualified people, said Mr. Peter Sandberg. Thanking Camfil for providing the opportunity and seeing through the fructification of the project through technical, commercial and financial assistance, the Managing Director of BEPL B. Amirthakasi said the Plant has employed manpower trained to international standards.


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PostPosted: Thu May 20, 2010 11:58 pm 
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PostPosted: Thu May 13, 2010 9:00 am 
Trichy a Power plant equipment hub.

BHEL was the first. With a massive expansion of its facilities at Tiruchi, the public sector power equipment manufacturer has raised its capacity to produce boilers worth 10,000 MW. Ancillaries of BHEL, who fabricate material for the PSU, are literally gasping with plentiful orders. But BHEL is an old story. Look who else is coming in.

Toshiba has set up a joint venture with the JSW group (part of the O.P. Jindal Group and controlled by Mr Sajjan Jindal) to set up manufacturing facilities to produce turbines. The Rs 800-crore facility is coming up near Chennai. Toshiba holds 75 per cent stake in the joint venture and is among the larges Japanese investments in the State.

Ansaldo of Italy – a respected name in the thermal plant boiler business and now owned by Gammon India – has chosen to set up shop at Tiruchi to produce boilers. Initially, it intends to invest around Rs 150 crore, at which level of investments it would outsource heavily.

Ansaldo's group company and turbine manufacturer, Franco Tosi, is also looking at putting up a plant in Tamil Nadu.

Informed sources say that the company is looking at Chennai (port facilities) or Tiruchi (proximity to Ansaldo's plant) and would choose one of the two locations for establishing a manufacturing unit here.

Also many Indian companies have recently expanded capacities. Cethar Vessels, which has signed up joint ventures with Riley Power of the US for boilers and Power Machines of Russia for turbines, is a good example.

Next to BHEL, Cethar's is the biggest boiler manufacturing facility in the country – 8,000 MW – and the company is looking to raising its capacity further to 12,000 MW.

Also in Tiruchi, companies such as GB Engineering and Veesons are expanding, together making Tamil Nadu, a power equipment hub.


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PostPosted: Fri May 07, 2010 11:37 pm 
HI All,

Can anybody help me in getting the names of few of the SME (Small Medium Enterprise) Welfare associations please.


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PostPosted: Thu May 06, 2010 10:01 pm 
Guest wrote:
Guest wrote:
Any news and where the L&T and Ansaldo are setting their units? L&T is setting unit or it is a sourcing station?


Ansaldo is going to start fabrication unit which is in the process of taking over from GB (Puthukudi Unit) and you can expect formal announcement in couple of months... :)


Also Ansaldo will be setting up a Boiler unit with GB as its partner.


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PostPosted: Thu May 06, 2010 9:58 pm 
Guest wrote:
Any news and where the L&T and Ansaldo are setting their units? L&T is setting unit or it is a sourcing station?


Ansaldo is going to start fabrication unit which is in the process of taking over from GB (Puthukudi Unit) and you can expect formal announcement in couple of months... :)


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PostPosted: Thu May 06, 2010 12:12 pm 
Any news and where the L&T and Ansaldo are setting their units? L&T is setting unit or it is a sourcing station?


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