India
Bry-Air invited to chair panel session at FICCI, MSME Summit
September 21, 2016 Mr. Deepak Pahwa, Managing Director, Bry-Air chaired the panel session on ’Innovation & Technology Upgradation: An enabler’ at the Micro, Small and Medium Enterprises (MSME) Su...
Hearth Market Worth $18.43 Billion by 2022
Sep. 30, 2016 PUNE, India - The global hearth market is forecast to grow to $18.43 billion by 2022, increasing at a compound annual growth rate (CAGR) of 2.5 percent between 2016 and 2022, according to a report published by MarketsandMarkets. The market, on the basis of volume, is expected to register a shipment of 6,877,380 units by 2022, growing at a CAGR of 4.1 percent during the forecas...
ZigBee Home Automation Market to Grow at 26% CAGR to 2020
September 26, 2016 PUNE, India - The global ZigBee home automation market is forecast to increase at a compound annual growth rate (CAGR) of 26 percent from 2016 to 2020, according to a report from Sandler Research. The report says the growing number of smart homes will be a key trend for growth in this segment, with a significant rise in the number of smart home connected devices. In 2015,...
3.2 India
Reported by Rakesh Kumar, Technical Editor, ISHRAE Journal The Economic Scene World Bank data peg India’s gross domestic product (GDP) growth in 2015 at 7.3% -- higher than any majo...
Danfoss Creates Energy Efficiency Awareness
Danfoss India has embarked upon multicity road shows to create awareness about new innovations in energy efficient technologies among industries. The road shows are in the form of an exhibition of ene...
Elanpro Launches Ice Machines and Combi Freezer
Elanpro, an Indian commercial refrigeration company, has launched EIM series of ice making machines in India, with eight ice cube models ranging from 30 to 1,000 kg, and three models of ice flakers. T...
Carrier Wins Innovative Cold Chain Technology Award
The prestigious Innovative Cold Chain Technology Award of the Year for 2016 was conferred upon Carrier for providing innovative refrigeration solutions to customers in India. The award was received by...
Over US$ 1 Billion Foreign Investment Expected in Food Proce
Foreign direct investment (FDI) in the food processing sector will cross US $ 1 billion in the next two years as a result of reforms in FDI and streamlining of the Food Safety and Standards Authority of India (FSSAI) regulations. This was stated by Harsimrat Kaur Badal, union minister for Food Processing. Highlighting the achievements of the government, Harsimrat Kaur Badal said her ministr...
Subsidy for Solar Powered Cold Storages
The Ministry of New and Renewable Energy (MNRE) has extended its subsidy scheme to solar refrigeration units. The announcement was made on August 19, 2016. Solar- powered cold storages are stil...
GST Bill Passed by Parliament
India has taken a leap towards the implementation of Goods and Services Tax (GST). Overcoming political differences that have been stalling GST for almost 10 years, the Parliament passed a Constitution Amendment bill on August 8, 2016 to enable implementation of GST. It is perhaps the most significant tax reform since the country’s Independence in 1947, and will radically change the way business i...
Call for majors to reduce HFCs in India
September 19, 2016 USA: Environmental group the EIA has called on major global fast food chains to reducing their refrigeration footprint in India. The report, Transitioning HFCs in India, The ...
Marken expands in India
September 14, 2016 Mumbai, India: Marken has moved to a larger office in Mumbai and has signed an exclusive agreement with Jeena & Company for a combined worldwide services for the pharma industry. Jeena will act as Marken’s third party sales agent in India to enable new clients to access Marken’s global network and tracking systems for shipments. Marken has agreed to utilize Jee...
