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Refrigeration boosts exports of vegetables, fruits & flowers
Exports of vegetables and fruits saw a whopping 55% rise in 2003-2004 over last year and stands at $ 350 million. Floriculture product exports increased 30% to $45 million in 2003-04 over last year.A success story is slowly emerging in some of the county’s 48 agri export zones (AEZs), a government i...
Indo-Thai free trade agreement finalised
Details of a free trade agreement (FTA) were hammered out on July 30, 2004 between India and Thailand, during the visit to Bangkok by Manmohan Singh, the new PM of India, his commerce and industry minister Kamal Nath and Thaksin Shinawatra, the PM of Thailand. The two countries have decided to cut i...
Caryaire Equipments forms new JV in Dubai
Caryaire Equipments India Pvt. Ltd. has signed a 50:50 JV agreement with the Bindasmal Group of United Arab Emirates to manufacture double skin air handling units and allied products for markets in the Middle East, South Africa and CSI countries (erstwhile USSR). The JV company, known as Bindasmal A...
Blue Star Ltd. Launches a new company
Based on its wealth of technical knowledge and it’s 60 years of manufacturing, product development, engineering and turnkey project execution, Blue Star Ltd. has launched Blue Star Design Engineering. The new company positions itself as a “virtual extension” of customers “engineering design” teams...
Trane completes 10 years in India
Trane India Ltd. celebrated the completion of 10 years in India by throwing a party at a leading hotel in Mumbai on April 27, 2004. The event was graced by the presence of leading consultants, important customers and contractors, who have played a major part in the growth of Trane’s operations in In...
Retailing industry to undergo major changes
The retailing industry in India is underdeveloped, fragmented and inefficient, but large in size (estimated at $ 180 billion). At present there are an estimated 12 million kirana shops (which traditionally sell dry groceries such as wheat, rice, lentils, spices and tea) 96 per cent of which are smal...
Indian AC & R companies have an excellent year
Indian companies’ financial year ends on March 31st and it takes 2 to 3 months for the larger companies to complete their accounts and declare their results. There are only two such large companies which are “public” (meaning their shares are traded on the stock exchange) and which have “air conditi...
Coil Company, India and Broad, China form an alliance
Coil Company Private Ltd., of New Delhi, established in 1965 and well recognised for its expertise both in manufacturing and application of Ammonia refrigeration systems for cold storages and Fluid Coolers for captive power plants, recently teamed up with Broad Air conditioning Ltd. of China (the la...
LG aims to greatly increase sales of Acs in India
LG Electronics India which recently launched the Whisen range of high performance air conditioners in India is confident that ACs will account for 25% of the company’s total turnover by 2007. Presently the air conditioner division is contributing slightly over 10% or $110 million in the company’s to...
Videocon International Ltd. Ties up with York
Videocon, a large Indian manufacturer of refrigerators, room ACs and TVs has signed an agreement with York International to import and market the York range of ductable split ACs, 3 tons and up, from their Thailand plant. Proximity to India and the likelihood of a Free Trade Agreement between the tw...
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