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Electronics industry to receive incentives for setting up factory in proposed clusters

Electronics Industry is expected to get incentives to set up companies in upcoming clusters promoted under the new draft electronics policy. Currently, India imports around 90% of its needs through imports which is estimated around USD 100 billion. The demand is likely to increase to USD 400 billion by 2020. So the government of India is promoting a eco system for a globally competitive electronics sector to promote investment in the country.

Mahindra & Mahindra to open tractor manufacturing facility in Tamil Nadu

Mahindra & Mahindra is planning to invest Rs.18000 million to invest in Tamil Nadu to set up a manufacturing facility for tractors. Currently, the company do not have a plant in south. Further, its other plants are working at full capacity. It is negotiating with Tamil Nadu government for 450 acres of land. It will have a capacity of 50,000 units in phase I which will go upto 1,00,000 units in phase II. The total plant capacity of M&M at Nagpur, Chandigarh, Kandivali and Rudrapur is 1,70,000 units

Instrumentation sector has more potential


Indian Space Research Organisation (ISRO) is outsourcing many components for its instrumentation and the business opportunities in this segment will grow further, according to the Professor at the University of Hyderabad and former ISRO scientist, Prof. Syed Maqbool Ahmed,.

“Hyderabad is already a hub of outsourcing for ISRO. As NASA (National Aeronautics and Space Administration) is also focussing on cost advantages now, there will be many opportunities for instrumentation firms in Hyderabad in particular and India in general,” Prof. Ahmed said in his talk at ‘Ideas Worth Spreading', a programme, organised by TEDxHitechCity at Indian School of Business here on Sunday.

Outlining the objectives and achievements of the Chandrayan programme, he said space research was ‘ruthless' as a small mistake could cost heavily.

Experiments

“Even if there was less then one per cent of wrong in various processes, we would not have gone to the Moon,” he added.

Mr Kukunoor, Director of Bollywood films (such as Iqbal), the film industry experiments could be highly rewarding some times.

“There is a lot of scope for new ideas in film-making. Literally, the film business is done by a small group of people who give primacy only to their preferences,” he said.

As a director, he would like to focus on themes which were not done before, he added.

Mr Deepak Menon, Group Design Manager, Microsoft Indian Development Centre, said in any field, products would only when one experiences them completely.

Detailing essential

Adhering to giving importance to user-experience, attention to detail and convenience of usage, would make products highly successful.

“For example, automatic transmission and power-steering made big difference in the automobile industry. Avatar movie was successful because of the attention to detail,” he added.

Over 450 people attended the one-day programme organised by TEDx under its ‘Beyond Boundaries' programme with series of short talks by achievers from various fields to inspire the people in general.

Wheels India to produce steel structurals for power sector

Wheels India, the key automotive component player is entering into power sector. It is planning to  set up a 30 acre manufacturing plant in Deoli, near Nagpur in Maharashtra. Around this area, several power projects are coming up and in need of steel structural components. TVS –Wheels India will initially process 1000 tonnes of steel a month and will employ around 150 people. The plant will become operational by end of 2009.

By venturing into power sector, the company may overcome some of the downturn in auto sector and also can put a foot in construction sector steel market.

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