| Bosch
relocates manufacture of key products in India |
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German auto parts major, Robert
Bosch, has relocated manufacture of certain key
products to India as part of its strategy to reduce
costs.
The company’s relocation
strategy will also result in its Indian subsidiary
making gains through higher export turnover, profitability
and employment generation.
Among the products that will
now be manufactured in India are single cylinder
pumps, multi-pumps, KCA injectors, injectors,
nozzles, regulators and Cylinder VE distributor
pumps to MICO manufacturing facilities in Bangalore,
Nagnathapura, Nashik and Jaipur.
MICO will now become
the worldwide supply base for these products.
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| Sprint
to expand India IP network |
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| US-based telecommunications
major Sprint, which recently merged with Nextel,
is soon to enter into a partnership with Reliance
Infocomm to expand its internet protocol (IP) network
to India.
This new offering
is part of Sprint’s continuing efforts to
serve the global communication needs of US-based
multinational corporations. Sprint will now be able
to offer its suite of corporate data services to
help companies connect to employees, offices or
business partners in and outside the country. IP
nodes have been deployed in Mumbai, New Delhi and
Bangalore
Paget L Alves,
president- strategic market, Sprint Business Solutions
pointed out, “This new connectivity to India
joins an IP presence to connect locations in North
America, South America, Europe and Asia Pacific,
ensuring that Sprint continues to meet the growing
needs of our customers.”
Reliance
Infocomm will provide international connectivity
to India and intra country last mile connectivity
for Sprint in servicing US-based companies in India.
For Reliance the joint venture means an expansion
of its international reach, which is in line with
its portfolio of services being offered to Indian
transnational corporate houses.
The $26 bln conglomerate is also looking at working
with Reliance to develop next generation telecom
technologies that will see the sharing of wireline
and wireless infrastructure. |
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| Deepak
Fert to set up AN plant in W Australia |
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| Deepak Fertilizers
and Petrochemicals Corporation Ltd (DFPCL) is in
the process of conducting a feasibility report on
setting up a Greenfield plant to manufacture ammonium
nitrate (AN) in Western Australia. DFPCL is looking
at exploiting the Western Australian government’s
A$ 300 mln AN complex, and hopes to negotiate better
terms in the form of more incentives and support
from the state and federal governments.
Located in the
Burrup Industrial Estate in the Pilbara, the complex
is expected to produce 3 lakh tonnes annually (tpa)
of ammonium nitrate (AN), 2.7 lakh tpa nitric acid
and 1.5 lakh tpa ammonia.
S C Mehta, managing
director, DFPCL, said that DFPCL may form separate
joint ventures to market the AN. The Company has
signed a Memorandum of Understanding (MoU) with
the mining majors present in that area for the long
term supply of AN, all of whom desire equity in
the venture. A major Japanese trading house has
already expressed interest in marketing the ammonium
nitrate, adding to the viability of the project
While the Western
Australian government has allocated 60-70 acres
of land, DFPCL has to face huge costs for construction
and labour. In comparison India and Indonesia emerged
as lower cost locations, however the iron ore mining
industry in Australia balanced out the cost advantage.
DFPCL's
proposed Greenfield plant to manufacture AN in Western
Australia is reflective of India Inc’s increasingly
global appetite. |
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