| Pune
continues to attract substantial inward investments
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The $1.5bln construction equipment
major, JCB plans to set up a Rs 600-crore manufacturing
facility near Pune. The new plant is expected
to cater to the UK-based company’s Southeast
Asian market, comprising Myanmar, Thailand, Singapore,
Malaysia and Korea, currently handled by the UK
plant.
JCB is one of the world’s
top-five construction equipment producers, with
four manufacturing plants in US, Brazil, UK and
Ballabgarh, near New Delhi in India. JCB’s
entry into India started in 1979 with a JV with
Escorts group which later turned into a 100% subsidiary
in1990. With sales of over $ 123 mln, the Indian
operations manufacture backhoe loaders, wheeler
loaders, robot skid steers and tracked excavators,
besides making customised earthmoving equipment
for institutional sales to various government
departments.
JCB's Pune expansion plans
are part of the Company's well thought out strategy
in the wake of competition from rival Terex Vectra’s
entry into India.
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Our Say |
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| JCB
is the second multinational to have
set up in Pune’s upcoming industrial
belt, in recent times. It was preceded
by, Korean giant LG’s $ 111 mln
manufacturing plant. This is a positive
trend of relative preference being shown
towards Pune being an ideal location
not just for IT but also manufacturing.
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| French
Accor plans more Indian buys |
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| The French
hospitality giant Accor, plans to set up two separate
companies in India. Taking the acquisition route
for its India operations, one of the subsidiaries
will look specifically at identifying, sourcing
and acquiring property in project hotel sites and
also construct project hotels. It will also serve
to identify hotel owners and contract with them
by way of sale, lease or license agreements.
The other subsidiary
is expected to provide support services such as
management, training consultation, sales and marketing
services, etc to hotels in India, Sri Lanka, Nepal
and Bangladesh.
Accor’s investments into
the two proposed companies will be brought in through
the Bangkok-based AAPC (Thailand), which is a subsidiary
of Accor Asia Pacific, which in turn is a wholly-owned
subsidiary of the French parent Accor.
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| NPIL
to launch global dermo-cosmetic range |
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| Nicholas Piramal
India (NPIL) has entered into an alliance with French
pharma major, Laboratories Pierre Fabre, to manufacture
and market a range of dermatology and dermo-cosmetic
products in India.
To begin with
NPIL will launch two products from Pierre Fabre’s
portfolio. The formulations will mark NPIL’s
entry into the dermo-cosmetic segment. It will however
eventually introduce to the Indian market the French
Company’s entire range which includes remedies
for anti-ageing, stretch marks, acne, premature
hair loss, etc.
For Pierre Fabre,
the alliance allows the company to explore the huge
Indian market. This would also be the Labs first
overseas market where there would be value–add
to the final stages of manufacturing, since the
products will be formulated in India at NPIL’s
Pithampur facility though the intermediates will
be imported from France.
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