India
Emerson Appoints Shirish Adi as India Head
On June 2, 2017 Emerson Climate Technologies (India) announced the appointment of Shirish Adi as vice president and managing director, India, for Emerson’s Commercial and Residential Solutions. He wil...
Huayi Appoints Safe Refrigerations as Compressor Partner
Huayi Compressor of Jingdezhen, China, has appointed Safe Refrigerations as its pan-India sales and marketing partner, to launch its full range of refrigeration compressors. These compressors find app...
Global Perishables & Agri-Logistics Expo Concludes
The Global Perishables & Agri-Logistics Exhibition and Conclave 2017 was held at the Bombay Convention and Exhibition Centre (BCEC) in Mumbai from April 17 to 19, 2017. It was organized by Infinit...
Patton Is Bitzer India’s New Distributor
On May 24, 2017, Bitzer announced the appointment of Patton as its new distributor in India. Bitzer’s product line includes reciprocating, screw, and scroll compressors, condensing units, ammonia comp...
Havells Acquires AC and Consumer Durables Business of Lloyd
Havells India, a leading manufacturer of branded electrical products, has made a foray into the fast growing consumer durables market by acquiring the air conditioners and consumer durables business of Lloyd Electric and Engineering for INR 16 billion (US$ 248 million). The agreement, signed by Havells with Lloyd Electrical and Engineering and Fedders Lloyd, covers the Lloyd brand and the consumer...
Voltas Joins with Arcelik for US $ 100 Million Consumer Dura
Voltas, Tata Group company, has reached an agreement with Turkey’s Ardutch, a subsidiary of Arcelik that forms a part of the Koc Group, to set up an equal partnership joint venture (JV) company in India with equity capital of US$ 100 million. This marks the entry of Voltas into the consumer durables sector. Tata Investment and Koc Holding will also hold a nominal 1% stake each in the JV, which wil...
Government Clears US$ 930 Million Scheme for Food Processing
The central government has approved a new INR 60 billion (US$ 930 million) Scheme for Agro-Marine Processing and Development of Agro -Processing Clusters (SAMPADA) for 2016-2020 with the aim of boosting both marine and agriculture produce processing. This decision was made on May 3, 2017 at a meeting of the Cabinet Commit-tee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi. SAMPA...
India Ushers in GST
At the stroke of midnight on June 30, 2017, India entered a new era of one nation - one tax - one market. In the most important tax reform since India attained independence 70 years ago, all the states embraced the goods and services tax (GST), which subsumes a large number of central, state, and local indirect taxes like excise duty, customs duty, service tax, value-added tax (VAT), entry tax, an...
Heat Wave Boosts AC Sales
With the onset of monsoon season, the summer of 2017 has drawn to an end in most parts of the Indian sub-continent. It was a severe summer, with temperatures well above nor-mal, especially in the nort...
Heat Exchanger Market Worth $20.65B by 2022
July 20, 2017 PUNE, India - The heat exchanger market is estimated to grow from $13.89 billion in 2017 to $20.65 billion by 2022, at a compound annual growth rate (CAGR) of 8.3 percent for the forecas...
