Search Result for : Electrical Equipment Manufacturing

The Dollar Business Bureau The EU was the largest destination of exports for Philippines in March this year. The latest statistics by Philippine Statistics Authority (PSA) revealed that exports to European Union member countries, with 16.2% share to total merchandise exports amounted to $901.24 million.  It rose by 56.2% from $577.04 million recorded in March 2016. What was even more interesting was that the export numbers of Philippines to EU for that month overtook those of US which was $809.93 million and Japan $762.43 million. Several factors contributed to the increase in trade numbers. A strong EU economy and its rising demand saw an increase of 1.9%, a rise in the agri-food sector exports backed by the EU’s Generalised Scheme of Preferences (GSP) that allows ...

Sharath Chowdary With the global economic slowdown, India’s electrical power equipment exports have declined around 50% in the past two years, Federation of Gujarat Industries (FGi) Vice President Nitin Mankad told The Dollar Business Bureau. Nitin Mankad said, “Countries from Europe, Africa and Middle East are the main export markets for Indian power equipment. Due to the slowdown in the world economy, the imports have decreased heavily in the last couple of years.” Due to the initiatives taken up by the Indian government to electrify rural areas, the country’s power equipment has registered 6.8% growth in FY 2016 over the previous fiscal year. Though the growth is currently stagnant, there is lot of scope for this industry in the next few years, he said. Explaining about ...

The Dollar Business Bureau Havells India has acquired  a 51% stake in Promptec at an enterprise value of Rs.65 crore. This would ramp up its stake in Promptec Renewable Energy Solutions for an undisclosed amount, the electrical equipment firm said in a statement to BSE. According to it, Havells India has signed a tripartite agreement with its subsidiary Promptec Renewable Energy Solutions Pvt Ltd on Monday. Post-acquisition, the promoter-side of Promptec will continue to hold a 49% stake in the company. This marks the entry of Havells in the field of solar energy. As per the agreement, Havells India has decided to acquire a 70% stake in Promptec and the shareholders of Promptec. Currently, it owns 51% stake in the paid-up share ...

Deepak Kumar | The Dollar Business Innovari – is a US-based Interactive Energy Platform provider for Smart Grid solution that connects utilities with their customers and communities to improve how the world uses energy. The platform resolves the electric grid’s core problem, the load duration curve, unlocking access to affordable capacity that enhances system reliability, utilisation, and financial performance. With deep grid situational awareness, Innovari enables dynamic, two-way verifiable demand side management, grid system optimisation; renewable and distributed energy resources integration to companies and consumers across the world. The company, since its foray into the Indian energy industry seven years ago, has been able to forge collaborations with major electrical supply companies of India, which have, in turn, led to Innovari’s ...

Sheela realised her dream of being an entrepreneur with V-Star. Today, her company exports 20% of its products to Gulf countries and is beginning to make its presence felt across Europe and Australia. Sisir Pradhan | March 2016 Issue | The Dollar Business Sheela Kochouseph Promoter, V-Guard Industries and Founder, V-Star When Sheela Kochouseph tied the knot with Kochouseph Chittilappilly, it was at a time when he was trying to make a mark in the field of electrical equipment manufacturing. That was 40 years back. Today, together, they run a group (V-Guard Group) that has diversified into many segments, which includes two listed companies: V-Guard Industries and Wonderla Holidays Ltd. While the electrical product and equipment manufacturing arm, V-Guard Industries, remains the ...