Mahindra Diesel Tanks
Amritsar, Oct 8 (PTI) A Vendor Development Programme session was held today at CII Destination Punjab, the four-day Expo organised by the industry body CII here. Tractor manufacturers like the Hoshiarpur-based International Tractors Ltd (ITL) makers of Sonalika Brand of tractors and Mahindra & Mahindra Mohali plant offered MSMEÂ?s to become their Vendors and cash in on the growing demand for tractor spare parts. Both manufacturers are also looking at expanding their manufacturing capacity thus ensuring that there was immense scope for Punjab-based MSME. Sandeep Kumar Singh, Chief Manager Purchase, International Tractors and S K Dewan, General Manager Sourcing, Mahindra & Mahindra made presentations to the potential vendors and said it would be a mutually beneficial proposition. While the vendors would benefit as they would be able to expand their business, the companies would be able reduce their inventory cost by having local vendors. In order to attract and facilitate the MSMEs, ITL announced that the company had set up a Vendor Development Park near its unit in Hoshirapur. They would also provide relevant assistance in terms of technology and technical know-how. Sandeep Kumar Singh said that there is a scope for setting up alloy steel and forging component, fabrication & sheet metal components manufacturing units etc. On this occasion, Brig. Raja Puri, DDG Indigenisation, Army Hqs, New Delhi said, there are over 450,000 different types of spare parts required for the defence sector equipment like tanks, heavy air weapon systems, electronic and engineering equipments. As the life of certain equipment, which had been purchased a couple of decades ago, had been extended the defence forces were running short of spare parts because the overseas suppliers had stopped manufacturing them. Currently less than one percent of the total inventory had been indigenised, so one could well imagine the potential, he said. Group Captain SV Rao, Squadron Commander indigenisation, 3BRD, AF Chandigarh said that the Air Force needs aviation spare parts of international standards in huge numbers. There were more than 2,000 products required for the USSR manufactured Helicopters and fighter Aircraft. There are common spare parts like power supply modules, fasteners, ball bearings, houses, bushes, modules , chemicals, filter elements etc which the Air Force requires in huge numbers and this is an excellent opportunity for the MSME sector of Punjab. Meanwhile, public made a beeline for the Pakistani and Afghani stalls here which were showcasing traditional clothes, dry fruits and shoes.
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A benchmark index for Indian equities markets slumped almost two percent Monday, taking a cue from the sell-off in global markets, which were spooked by reports of Greece's debt situation worsening and a weakening European economy.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,255.97 points, closed at 16,151.45 points, down 1.84 percent or 302.31 points from its previous close at 16,453.76 points.
There was heavy selling pressure in realty, metal and banking stocks. The BSE realty index tumbled 4.59 percent and the metal index slumped four percent.
Banking index of the BSE slumped almost three percent. ICICI Bank tumbled 4.12 percent at Rs.839.25. The country's largest lender State Bank of India, slumped 2.53 percent at Rs.1,862.75.
KATHMANDU: Agni Incorporated, sole distributor of Mahindra’s range of vehicles in Nepal that extends from MUVs to tractors, appointed S B Auto Link as an authorised service centre for Mahindra & Mahindra MUVs and tractors. The newly established service centre at Jorpati was inaugurated by managing director of Agni Incorporated, Cabinet Shrestha, on September 29. According to the company, the facility will be taking care of after sales service of all Mahindra’s range of vehicles, along with its range of tractors. Genuine spare parts and lubricants are also available at the service centre.
Citigo model find a similarity with the latest Mission L and Vision D concepts of the Skoda. The Skoda Citigo is featured with a finned grille set in a chrome-plated frame, similar to the Mission L concept. Powered by a 1.0L 3-cylinder engine, Skoda Citigo will have two power output variants including 59 bhp and 74 bhp. Both manual and automatic transmission versions will find place in the Citigo series of variants.
Four adult passengers can easily be accommodated in the car. The boot space of 251 litres can be converted into 951 litres simply by folding the rear seats down.
MUMBAI:The premium bike maker Royal Enfield on Thursday launched new limited editions of its premium bikes in the Indian market. The company rolled out two limited edition of its leisure bikes Classic Chrome and Desert Storm in Mumbai. Speaking at the launching ceremony, Royal Enfield’s Senior Vice President of sales and marketing, Shaji Koshy said, “Our customers have been demanding the Chrome model of Royal Enfield for quite some time now. Both Classic Chrome and Desert Storm are meant to bring more thrills to the customer.” The Classic Chrome is an updated version of the 2009 Royal Enfield Classic, which now features with chrome tank, wide mudguards, and oval toolbox. Equipped with 500cc twin-spark engine, the Classic Chrome model is capable of delivering a peak power of 27.2 bhp.
Call it a meltdown-provided opportunity! Strange as it may sound, the current global financial worries which has made companies worldwide look aggressively at outsourcing and consider every possible way to save on costs may actually work to the advantage of Kolkata, where the costs of doing business has traditionally been one of the cheapest in India.
Coupled with the city's recognised strengths on the human resources front — a fact proved by the large number of Bengalis occupying senior positions in the top 3 Indian IT majors — and the tendency of the local populace to stay on to their jobs longer than their counterparts in other cities, the present downturn could actually help Kolkata attract a lot of investments on the information technology front if authorities play their cards right, and instead of wallowing in despair at the loss of image caused by the unfortunate developments in Nandigram and Singur, choose to highlight how a presence in Paschim Banga, at this stage could help companies remain competitive during these turbulent times.
While admittedly this task is not easy considering that many companies have now put fresh infrastructure expansions on hold because of their urge to save capital to meet their short-to-medium term requirements amid the uncertainty surrounding the pace of orders from the US — India's biggest market — it must still be remembered that the likes of TCS, Infosys, Wipro and scores of other companies have not put a stop to growth at existing locations where they have operations.
Since Kolkata already has TCS, Wipro and Tech Mahindra among the domestic giants, and the likes of IBM, Cognizant, Genpact and HSBC Electronic Data Processing among large foreign companies having operations in Kolkata, the State Government should encourage these companies to step up the scope of work that they undertake from here by harping on the 2Ps — price and people — that Kolkata brings to the table. If this is done successfully, the state can witness a two-fold benefit — boost in the quantum of software exports from the city and a manifold rise in employment opportunities.
LONDON—U.K. defense company BAE Systems PLC Tuesday announced plans to cut almost 3,000 jobs in the U.K., in a bid to cut costs as production slows on major jet-fighter programs in the U.S. and Europe.
The U.K.'s biggest manufacturer said it would eliminate 2,942 jobs, or more than 7% of its work force in its home market, to maintain its competitiveness owing to anticipated slowdowns in the production of Lockheed Martin Corp.'s F-35 Joint Strike Fighter and the Eurofighter Typhoon.
The U.K.'s biggest manufacturer said it would eliminate 2,942 jobs, or more than 7% of its work force in its home market, to maintain its competitiveness owing to anticipated slowdowns in the production of Lockheed Martin Corp.'s F-35 Joint Strike Fighter and the Eurofighter Typhoon. "The proposals announced aim to put the business into the right shape to address the challenges we face now and ...
LONDON—U.K. defense company BAE Systems PLC Tuesday announced plans to cut almost 3,000 jobs in the U.K., in a bid to cut costs as production slows on major jet-fighter programs in the U.S. and Europe.
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