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The Dollar Business Bureau Salzer Electronics, a leading name in the field of electrical products manufacturing, said on Monday that it is looking at a compound annual growth rate (CAGR) of 15% and aims to become a Rs.1,000 crore firm by 2021, following technology alliances globally and augment the share of value-added products. “We expect Rs.430 crore turnover by FY 18, Rs.520 crore by FY 19 and intend to emerge as a Rs.1,000 crore company by 2021,” R Doraiswamy, Managing Director of Salzer Electronics told PTI. “We believe that revenues from our existing products are expected to grow at a 15% CAGR during this period. Going forward the company’s focus is to achieve profitable growth by adding newer products, which are customised and ...

The Dollar Business Bureau  Indian auto major Tata Motors Ltd said on Sunday that its wholly owned subsidiary TAL Manufacturing Solutions Ltd has got 'CE' certification for the first Made-in-India robot - 'BRABO'  to be sold commercially in the European market. “The TAL BRABO now complies with essential requirements relevant to European health, safety and environmental legislation, permitting its export to customers in Europe,” the auto major said in a statement. The robot can be utilised for different applications such as picking and placing materials, machine and press tending, assembling parts, sealing applications, jobs related to camera and vision, among others. This advanced robot can also complement human labour force by conducting dangerous, dull and monotonous tasks. TAL Manufacturing with BRABO will concentrate using it in automotive, logistics, pharmaceuticals, electronics, packaging, food and other industries. Currently, ...

Sharath Chowdary  Chinese electronics manufacturer Oppo has plans to become the top smartphone brand in India over the next three years. The company is providing the best service and better smartphone models to the customers to increase its market share in the country, said Jone, CEO and MD of Oppo Telangana. He said this on the sidelines of the sale promotion event of Oppo F1s in Hyderabad on Thursday. Jone was speaking in Mandarin while his interpreter Dustin translated it into English for The Dollar Business Bureau correspondent. According to him, Oppo is the second largest electronic brand being imported from China with more than 2.3 million handsets shipped to India in the last year. Oppo is the second leading smartphone manufacturer in ...

The Dollar Business Bureau | @TheDollarBiz Mobile phone connectivity has reached the most remote parts of the Sundarbans jungles, West Bengal, India, but internet usage remains low   There is a vast potential for the e-commerce sector to grow in India with the implementation of the Digital India programme, Ravi Shankar Prasad, Communications & IT Minister, said at the 10th national summit on E-governance & Digital India organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) in New Delhi yesterday. Prasad said, “I see a vast opportunity for e-commerce…I see almost an explosion of various kind of availability of services through e-commerce.” Retail exports (e-tailing) is a growing sector in India and e-commerce plays a key role in ...