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dholerasmartcity · 11 months

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Dholera SIR Development Status & Future Planning of Dholera

Dholera SIR is India’s First Platinum Rated Greenfield Industrial city about 100 km south of Ahmedabad, is ready to offer to the investors world-class, plug-and-play infrastructure, large land parcels, and reliable & affordable amenities that have been benchmarked against the best in the world. In a candid interview, Jai Prakash Shivahare, CEO, of Dholera Special Investment Region Development Authority (DSIRDA) and MD, of Dholera Industrial City Development Ltd (DICDL), talks about the strategic advantages of Dholera and mega projects under implementation for this engineering marvel of India.

Tell us about the advantages of Dholera SIR.

We have several unique features compared to any other city in India: First, we are creating a world-class ICT enabled plug-and-play infrastructure. Thus, fully serviced land parcels ranging from 5 acres to 370 acres are available for industries to setup their operations immediately.

Second, all the utilities like Water, Waste Water, Power, ICT, Urban Planning, and Roads & Underground Utilities are benchmarked against the best in the world in terms of reliability, redundancy and quality of services. These will help industries to reduce their life-cycle cost. For example, in power supply, due to lowest T&D losses, compact area, power ducts with smart metering and future ready infrastructure, Dholera offers one of the lowest power tariffs in the country, thus ensuring huge cost savings on power for the companies during the life cycle of the project.

What kinds of opportunities are being presented by this mega project?

Due to plug and play ready infrastructure and utilities, many companies that are looking to get started immediately would prefer to be in Dholera and will be able to meet commitments to their clients in time bound manner. As part of Delhi Mumbai Industrial Corridor, Dholera has excellent connectivity with ports as well as hinterland to supply finished goods. Gujarat ranks highest in logistics ranking prepared by LEADS (Logistics Ease Across Different States) Report from Ministry of Commerce & Industry, Government of India in January 2018.

Dholera SIR is strategically located between Ahmedabad and Bhavnagar and it is very well connected with the freight corridor, ports, road and rail services. The nearest port at Bhavnagar is just 65 kms from Dholera, Other major ports in the vicinity are Pipavav, Mundra and Kandla. The National Highway Authority of India (NHAI) has already floated the tender for construction of expressway between Dholera and Ahmedabad, which will become operational by February 2021. This will reduce the travel time from Dholera to Ahmedabad to about one hour.

The Metro rail between Ahmedabad and Dholera, will come along the expressway and will reduce the travel to around 50 minutes. Dholera City will also have an International Airport, which will be the 2nd airport for Ahmedabad. It will become the state’s biggest airport which will include Passenger terminals for Domestic & International flights and also a dedicated Cargo terminal for freight movement. Thus, connectivity, infrastructure and strategic location make it an attractive location for industries.

Dholera SIR into a global manufacturing and investment destination?

Dholera Smart City was envisaged as a Greenfield industrial city to cater to the requirements of industries by offering them clear title land, reliable utilities and single point of contact for all the approvals. Further, to make industries competitive, all efforts have been made to reduce life cycle cost for industries so that businesses can become more competitive in the globalised world. Besides this, the Government of Gujarat has very attractive incentive policies covering the complete spectrum from Start-ups to Mega & Ultra Mega Industries.

There are also sector specific policies such as defence and aerospace policy, IT and electronics policy, garments and apparel policy etc. and policies for setting up skill development and training centres to cater to whole gamut of requirements of industries. Thus, a transparent policy driven eco-system, coupled with world class infrastructure, provides great opportunity for companies to setup their operations in Dholera.

Dholera Special Investment Region?

This kind of mega project takes lot of time in studies, environmental clearances, design, planning, and implementation. To put this in perspective, the biggest contract for Roads and Services was tendered in 2015 and construction work started in March 2016 with a timeline of 42 months for its completion.

The area of our first phase, called activation area is having an expanse of 2254 Hectares, which is roughly half of today’s Gandhinagar city or about the same size as the island city of Mumbai. Finally, Dholera, a dream project is becoming a reality. Vibrant Gujarat 2019 is a great opportunity for us to highlight coming of Dholera.

Therefore, as part of Vibrant Gujarat promotions, official delegations went to 24 countries to highlight strengths of Gujarat as a business and investment destination. Dholera has been showcased in all these events which has raised awareness about Smart City Dholera. As a result, large number of companies have visited Dholera in past few months and many more are scheduled to visit the site during Vibrant Gujarat summit. Talks are going on with many companies, both Indian and multinational, and we are expecting to finalise land allotment to some of these companies very soon.

Dholera Smart City Progrerss?

The Dholera SIR Projects worth Rs 3,000 crore are already under implementation. We are also coming up with a City Integrated Operations Centre which will be equipped with state-of-the-art systems to get feed from whole city through CCTV cameras, SCADA system and sensors.

This feed will be analysed and data will be made available to residents and industries to plan and run their operations in a better way. This will also help administration run the city in a truly smart way. With this integration, we are bringing all the components of Smart City under one roof. Dholera is Industry 4.0 ready and will host new age industries that will bring new opportunities for our youths.

Recognizing that great cities around the world have a strong educational and research component, we have entered into a strategic partnership with Indian Institute of technology (IIT), Delhi to set up incubation centre in Dholera for developing and promoting new technologies. Through designs, systems and tie ups with renowned research institutions, we are motivated to make Dholera a city that will derive its strength and competitive edge by remaining innovative, agile and sustainable.

Dholera, with a high green cover, parks, public spaces, well-designed communities, wide pedestrian pathways, and cycle tracks is India’s first Platinum-rated city. With the provision of high standards of social amenities and 10% land for housing for economically weaker sections, Dholera is poised to be a more humane city, where all sections of society can enjoy a good quality of life. We are confident that Dholera will usher in a new era of holistic living and will become a role model for future Greenfield cities in India.

#dholera smart city #dholera sir #dholera #smart city #dholera news #smart city dholera #dholera international airport

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ritexmetalcorp · 1 year

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SS Bars Supplier in Ahmedabad, Gujarat, India

SS Bars Supplier in Ahmedabad, Gujarat, India: In the business, Ritex Metal Corporation is well-known for its production and supply of stainless steel round bars. Round stainless steel bars are produced by Ritex Metal Corporation using premium-quality raw materials. To increase reliability in a variety of applications, we offer SS Round Bars in a range of diameters and lengths. Modern equipment and technology are available in Ritex Metal Corporation's state-of-the-art manufacturing facility, which is built to produce Round Bars that meet both domestic and international quality standards. Ritex Metal Corporation's stainless steel round bars are reliable for applications even after years of usage and have a longer operational life. For dimensional correctness and stability, we create our ASTM A276 stainless steel bars in accordance with industry requirements. Additionally, we fulfill orders of various sizes for our clients. In addition to services for oil and gas, power generation, paper and pulp, water treatment facilities, chemical equipment, food processing, and many other industries, Ritex Metal Corporation also provides SS Bar. If you're looking for SS Bars Supplier in Ahmedabad, Gujarat, India and we supply our products to various locations like Kathwada, Kalol, Kadi, Vatva, Naroda, Singarva, Odhav, Rakhiyal, Sanand, Vani, Daskroi, Chhatral, Narol, Dhandhuka, Dholka, Kadi, Kalol, Kerala, Asarva, Bakrol, Bodakdev, Ankleshwar, Gandhinagar, Bhavnagar, Patan, Porbandar, Kutch, Dahod, Baruch, Amreli, Navsari, Kheda, Panchmahal, Sabarkantha, Surendranagar, Mehsana, Morbi, Gir Somnath, Palanpur, Chennai, Amritsar, Pune, Mumbai, Delhi, Faridabad, Udaipur, Nagpur, Agra, Haridwar, Dehradun, Rishikesh, Kanpur, Lucknow, Banglore, Jaipur, Peenya Etc. Please get in touch with us. Read the full article

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tsasocial · 2 years

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Colorjet Textiles Baged Special Export Award for 2021-22

ColorJet Group, The Leader of Digital textile Printing Machine manufacturer in India has bagged special export award in Processing Machinery category for 2021-22 in a ceremony at 62nd Annual General Meeting of Textile Machinery Manufacturers’ Association (India) concluded on Friday, 30 September 2022 at Trident, Nariman Point, Mumbai.

The ceremony was graced by the presence of Textile commissioner, Mumbai, Ministry of Textile, Government of India Mrs. Roop Rashi Mahapatra as Chief Guest and Mr. T Rajkumar, Chairman, CITI (Sri Mahashakti Mills Ltd) as guest of Honour.

There is Interesting facts which was highlighted during the event is about textile machinery industry size where ColorJet contributed, The total domestic demand for textile machinery during 2021- 22, rose to Rs.18,290 crores of which supplies from the domestic machinery industry amounted to Rs.7,410 crores. In addition, Export of Indian TEI stood at Rs. 4291 crores in 2021-22 from Rs. 2721 crores in 2020-21.

The Hounrable Textile commissioner, Mumbai, Ministry of Textile, Government of India Mrs. Roop Rashi Mahapatra as Chief Guest and Mr. T Rajkumar, Chairman, CITI (Sri Mahashakti Mills Ltd) handed over the award to Mr. M.S Dadu, Chairman and Mr. Smarth Bansal, GM product ColorJet India Limited.

While Interacting with Mr. Dadu, Mrs. Roop Rashi Mahapatra admired the sustainable steps on how ColorJet digital inkjet printers contributes to sustainable development process which fits into changing business environment and meeting the ever changing needs of the Textile Business. She further added that the huge reduction in water and power consumption can be achieved by using Digital textile printing technology method and ColorJet can lead the Path.

‘ColorJet India is feeling honoured and delighted to have this recognition and With this Award The ColorJet Group reinforces our technological innovation in product prowess that offers sustainable solution to the textile printing industry and going further we as a group committed to offer and show the path of sustainability to the industry.’ says M.S Dadu (Chairman), ColorJet Group.

He Thanked Mrs. Roop Rashi Mahapatra and Shri T. Rajkumar Chairman, Confederation of Indian Textile Industry (CITI) for appreciating ColorJet’S Sustainable Textile Printing Technology and encouraging the industry to manufacturer high-end machines for entire Textile value chain.

At the event big names from textile industry were present and received the awards in different categories are as follows:

LMW Textile Machinery Division , Coimbatore

Rieter India Pvt. Ltd, Pune.

ColorJet India Ltd.

Saurer Group textile Solution Pvt. Ltd, Vadodara.

Yamuna Machine Works Ltd, Mumbai

Kusters Calico Machinery Pvt Ltd, Vadodara,

Inspiron Engineering Pvt. Ltd, Ahmedabad,

Lakshmi Card Clothing MFG. Co. Ltd. Coimbatore,

Premier Evolvics Pvt Ltd , Coimbatore,

The Indian Card Clothing Co. Ltd., Pune,

Bhagwat Textile Engineers, Surat

#Colorjet Textiles

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ajayenterprise-blog · 5 years

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Need of time: STP or ETP Plant or Industrial Water Plant in India

If we ask why STP Plant in India or ETP Plant in India, we must have peep in the current earth environment situation to understand importance of sewage treatment plant and effluent treatment plant.

One of the reputed municipal corporations in India, Ahmedabad Municipal Corporation has given a slogan to people, “my waste, my responsibility”. It is apposite for the present global scenario of our earth environment. We are passing through the terrible natural disasters since few years and climate of different vicinities shows drastic adverse changes, not favorable for humanity.

Sewage treatment

It is seen that need inspires invention. Awareness about the environment has lead many innovative improvements in STP Plant and ETP Plant in India. Industrial development has gifted production of tons of sewage on daily bases. Among these industrial waste several types of wastes are very harmful to mankind and to other living creatures and to nature. Land and water bodies are being badly contaminated with this emission when there are chemical and/or biological contamination in the emission. Sewage treatment plant is used to remove these harmful contaminants from the industrial waste.

Effluent treatment

Like waster from various industries, contaminated water also needs purification. Effluent treatment plant or ETP Plant is used to clean effluents from the polluted water. We are not far than the fact of water scarcity and understand very well the significance of recycling and conserving water. Polluted water, discharging from the industries is treated with ETP Plants before releasing to environment. There is a big list of industries producing polluted water after processing like Paper & pulp Industry, automobile, refineries, Pharmaceutical & food industry, steel mills, Electroplating, Metal finishing, Rubber industry, Thermal power, Fertilizers and many more industries.

Industrial Water Plant

On the other hand, water is one of the most vital elements used in different industrial processes. So water quality is palpable not for the process, but for the good return or profit. Therefore, we can say that industrial gain and water treatment in India goes parallel with respect to productivity.

In the view of water utility in industries, apart from utilization of water in routine domestic activities, purity of water is a high in priority because in the industrial process, it is also the very combination of hydrogen and oxygen, which may impact or alter the process and may lead the tainted, undesirable outcome. So industries are very much interested in increasing product quality as well as quantity by lowering all kinds of contamination from water, and the purpose is served with best quality Industrial Water Plant in India.

Industrial R.O. Plant

Now we can understand why the Industrial Water Plant in India is high in demand along with Industrial R.O. Plant. Ahmedabad is the commercial capital of Gujarat and a big industrial hub. Therefore, Industrial R.O. Plant in Ahmedabad has also a good market in this megacity. Moreover, this R.O. plant for industries is also supplied and exported by Industrial R.O. Plant manufacturers to varied countries worldwide. Various innovative improvements in water treatment plant technology have lessened the overall cost of Industrial R.O. Plant in Ahmedabad.

Ajayenterprise is a prominent distributor and stockiest of STP Plant in India also providing great range of ETP Plant in India. It provides constructive solutions for the water treatment plant to industries across nation. It is Ahmedabad based dealer for wide ranging water purification plants. It provides end-to-end service for the Industrial Water treatment Plants including industrial R.O. plant in Ahmedabad.

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royalinfradholera · 3 years

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5 reasons to invest in Dholera Special Investment Region in 2021

1. India’s Electric Vehicle (EV) production center

The Gujarat authorities’s electric-powered car subsidy application has acquired lots note and acclaim, however, there may be something even greater exciting for traders. The Gujarat authorities are supplying EV manufacturers with a profitable unique subsidy of 12 percentage on constant capital funding. It additionally pursuits to look lakh EVs on Gujarat’s roads in the approaching 4 years. When that is blended with Dholera’s infrastructural improvement and similar funding opportunities sought through substantial automakers, the place is predicted to emerge as an outstanding EV production hub. This phenomenon will result in the technology of employment possibilities withinside the place and consequent residential actual property growth.

To supply credence, the Tata Group has introduced its purpose to construct a lithium-ion battery production manufacturing unit. In this regard, they've already bought 126 acres of land in the Dholera SIR Activation Zone. Dholera is likewise expected to advantage of the Central Government’s decided efforts to show India right into an international EV production powerhouse.

2. The flagship Special Education Region:

The Gujarat Special Education Region (G-SER) has been delivered to the Dholera SIR mission recently. This challenge is the primary of its type to appoint a Public-Private Partnership (PPP) method to strengthen an international training center. Until recently, Vallabh Vidyanagar in Gujarat’s Anand district become appeared as one of the exceptional instructional zones withinside the country. However, G-SER is now gearing up to elevate the bar through facilitating the advent of world-magnificence instructional centers related to domestic and overseas instructional institutions, for this reason bolstering the place's social amenities.

3. Upcoming Giga factories and Jio telephone manufacturing unit

The tendencies at Dholera SIR have come as opportunistic information for actual property traders. Dholera may even host the producing facility for 'JioPhone Next'. Google’s top brass has already all started surveying the place. If we integrate this challenge's development with the USD 8 billion really well worth of Giga plants, we will see next-era industrialization taking vicinity at Dholera.

4.The push for inexperienced strength alternatives

The world’s biggest single-location 'Ultra Mega Solar Power Park' with 5,000 MW potential has been deliberate in Dholera SIR after being accredited through the Central Government. In the Dholera Special Industrial Region, a sun molecular production plant with a potential of 2,000 MW is presently underway, with 15 MW already nearing completion.

5. Connectivity on a countrywide and global scale

Dholera International Airport’s Phase 1 production tenders have already been awarded, and Phase 2 tenders can be launched soon. In addition, the Central Government has accredited a suggestion to attach Ahmedabad, Dholera, and Gandhinagar through high-velocity metro rail. The challenge may have phases. Phase 1 will join Ahmedabad to Gandhinagar, at the same time as Phase 2 will hyperlink Gandhinagar to Dholera through GIFT City.

Besides the metro hall, the Gujarat authorities have granted the go-in advance for the State’s first monorail challenge, so one can run among Ahmedabad and the Dholera SIR. The monorail can be an improved structure, strolling parallel to the deliberate Ahmedabad-Dholera Expressway. The hall shall have seven stations. Dholera is likewise a part of the Delhi-Mumbai Industrial Corridor (DMIC).

Once complete, those delivery infrastructure tasks will pave the manner for neighborhood and global travel, inspire improvement withinside the surrounding areas, and entice large-scale residential actual property investments. With outstanding corporations making an investment in Dholera SIR and tasks just like the International Airport already starting to materialize, Indian traders must take complete benefit of the unprecedented opportunity. The destiny appears vibrant for traders as Dholera SIR is predicted to emerge as the following Dubai.

For More Details Reach to us

Royal Infra Dholera

https://www.royalinfradholera.com/

Mail Address:

[email protected]

Contact Address:

A-1009, Titanium Heights Opp. Vodafone House, Corporate Road, Makarba, Ahmedabad - 380015

Mobile:

+91 78630 90655

+91 90230 74854

#dholera #dholera smart city #dholera sir

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s20classes · 3 years

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Goods and Services Tax And Its Impact On Business

After several countries over the world had implemented the Good and Services Tax, In 2017 with the support of both the houses of the Parliament and the consent of the President of India, the Goods and Services Tax finally came into being after going through almost a decade of scrutiny. It was Atal Bihari Vajpayee’ Government that introduced the GST bill and it was Arun Jaitley, the Finance Minister of the then newly appointed Modi Government, who made it a reality.

Earlier there was a clear demarcation between the Central and State Government with regards to the tax being levied. The existing tax regime only empowered one of the governments at a time to levy taxes. But the GST empowers both the Central and the State governments at the same time to levy taxes and brings a unified tax regime to the country.

What is GST?

GST or Goods and Services Tax, is a central government levied tax that replaces many indirect taxes like VAT, excise duty, services tax, etc. It is a comprehensive, destination-based tax that is multi-staged and levied on every value addition.

It is a single domestic indirect tax for the entire country. It was passed by the Parliament on 29th March 2017 and came into effect on 1st July 2017.

When Was GST implemented and why?

GST was first introduced by the Atal Bihari Vajpayee government but it was in 2017 that the Modi government became successful in implementing it. The earlier tax regime gave power to the central government or the state government one at a time but the GST bill would grant power to the central and state governments at the same time.

GST also sought to simplify the existing tax regime in the country, widening the tax-paying sectors and increase the government’s tax revenue.

What is the impact of GST on manufacturers, distributors and retailers?

For manufacturers, GST has come as a boon. It has helped reduce the tax on tax that manufacturers had to pay in the earlier tax regime. This allows manufacturers to produce goods that are cheaper thus increasing their sales. Manufacturers have to only pay one unified tax and this saves them expenses as compared to paying 25-26 % more in the earlier tax regime.

Most of the retail in India is unorganized so there is no huge impact of GST in this sector. But for small retailers, the ease of entry and the input tax credit facility offered by GST is the largest advantage. In the case of distributors, GST has gained a negative image. It is not true that GST has irrelevantly increased the tax on distributors but rather due to GST being transparent, there is no tax evasion as was happening earlier in the distribution sector.

What is the impact of GST on service providers?

Service providers have received a few benefits as well as disadvantages of the GST regime.

In terms of benefit, Service providers are free of cascading taxation as there is no excise tax or VAT, etc. Also, service providers can avail of the input tax credit on both their equipment as well as the services they offer. With extra taxes like excise and VAT, input costs have been reduced which means that service providers have to bear fewer costs for services they offer.

In terms of demerits, the decrease in cost to the service provided means that the tax has to be paid by the consumer which drives up the sale price of services. Again, service providers can avail ITC on the services they offer but at the same time, this means all the services they provide shall be taxed, even if they provide the services for free. The Certificate Program on GST Course in Ahmedabad to provide specialized and updated knowledge in the area of GST by skilling students and industry members.

Sector-wise GST Impact analysis

Agriculture

The agriculture sector is the largest contributor to the economy with almost 16%. Thus it was imperative that the government had to think about the effect on the agriculture sector. Initially many states like Maharashtra, Punjab, and Gujarat faced losses since there was no state collected VAT, etc.

But after the GST regime was solidly established farmers and agro-industries have begun seeing positive effects. Earlier common used materials like fertilizers had a tax rate of 5% but in the GST regime, this tax has been hiked to 12%.

The same increase is also seen in the case of machinery like tractors which attract a GST of 12%. This means that farmers and industries can claim ITC (Input Tax Credit) and reduce the overall cost of their supplies. According to many financial experts, GST has created a single unified agriculture market where farmers can sell their produce for the best price.

Automobiles

Earlier automobiles attracted Excise and VAT duties which collectively came out to be 26.5 to 44 %. Comparatively the present GST rates are very low and range from 18 to 28 %. Thus, GST has reduced the burden on the end consumer while paying the taxes for purchasing an automobile.

Also, importers and dealers of automobiles can rejoice as they can now claim ITC on the goods they sell and purchase. This was not possible in the earlier tax regime. Also, automobile parts have become cheaper as a result of the improved supply chain mechanism created by GST.

FMCG

A huge amount of logistics expense is saved by the FMCG sector, courtesy of the GST tax regime. The earlier tax regime saw the FMCG incurring a distribution cost equal to 2-7 % but the GST tax regime brought it down to 1.5%.

Due to smoother supply chain management, tax payment, input credit claim, and CST removal, consumer goods have reduced in prices which have led to consumer goods becoming cheaper and reduction in the cost of transportation and storage of goods.

Freelancers

The good news for freelancers is that under the new GST tax regime is, freelancers are exempted from taxes up to a turnover limit of INR 20 lakhs.

This proves beneficial as most freelancers do not have higher turnover rates than INR 20 lakhs. Software sold by freelancers is also exempted from taxes under the GST regime and this has made software cheaper for the consumers.

E-commerce

The impact of GST on E-commerce is a two-sided tale. On one hand, the E-commerce industry benefits from the efficient supply chain created by the GST regime reaping the benefits of a transparent transport system with less amount of paperwork and compliances to think about. On the other hand, E-commerce industries are taking a hit as costs of storing and warehousing goods have increased.

The taxes levied on E-commerce increase since the company has to pay taxes even for goods that are not sold. Additionally, they can claim ITC only after their goods have been sold. This has caused a spike in the pricing of goods on E-commerce sites.

Logistics

The logistics sector has been one of the best benefits of the GST regime. Under the GST regime, inter-state check posts have been removed and this has increased the speed and efficiency of the logistics chain throughout the country.

The logistics sector has also seen other improvements in terms of reduced transportation cycle times, enhanced supply chain & turnaround time, consolidation of warehouses, etc.

Pharma

In the case of Pharma industries, GST has done a huge positive impact but has also created a few negative effects. In terms of positive, many lifesaving drugs, oral hydration salts, and diagnostic kits have fallen under the minimum tax slab and this improves the health care of the society.

Also, the establishment of the GST regime means that pharma companies and industries do not have to pay repeated excise duties and VATs. But on the negative side, components for ayurvedic medicine have high taxes as they come under cosmetics and this poses a great difficulty in a nation that is very dependent on Ayurveda.

Real Estate

Under the new GST regime, the real estate industry has seen a solution to many of its problems like cascading of taxes. Under the earlier tax regime builder had to pay excise duties and VAT. But with the unified GST regime, sellers have to pay GST but will get ITC which they can pass on to the buyers. This reduces the overall tax incurred on properties.

Startups

Startups that are making a transition will incur some losses in the new GST regime as its implementation reduces the threshold to pay excise duties from 1.5 crores to 40 lakhs. This means that some startups that were earlier exempted from taxes will have to pay them now.

But in the longer run, startups will face much-wanted relief as the market becomes unified and there is the ease of movement of goods. Also, startups will have a lot fewer compliances to deal with in the new GST regime.

Telecommunication

GST regime for the telecommunications sector has been bitter-sweet. Though telecommunications can claim ITC on imported pieces of equipment and goods, they cannot avail ITC on diesel which attracts taxes of about 100 %. Telecommunication companies have to pay a higher tax rate also as the earlier tax rate has been bumped up from 15% to 18%. The woes of the telecommunication sector have also been increased with the added compliances that they have to adhere to under the new GST regime.

Textile

In the case of the textile sector, the GST regime looks to create some huge shifts in the industry. The first area GST affects is the ITC that a business can claim. Earlier, there was no option to claim ITC on imported pieces of equipment and materials which attracted heavy excise duties.

But under GST, the capital of a company shall be eligible for ITC. The catch here is ITC cannot be claimed if a company sources its raw materials from the unorganized sector or composition scheme taxpayers. Though initially there were high prices due to GST, in the long run, the unification of the market will help India compete in the foreign market.

Conclusion

The GST regime is relatively new in the country and still requires acclimatization on the consumer’s end. The successful implementation in all the aspects of the country can help provide the country’s economy a much-needed boost. GST can also help the local market become competent enough to compete with foreign markets. S20 provides the best certified GST course in Ahmedabad with practical training and case studies that help them in their careers.

Source:

#GST Course in Ahmedabad #best GST coaching centres in Ahmedabad #GST Training Fees #S20 Classes #ahmedabad

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happydreamsstuff · 4 years

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Air Compressor Supplier In Delhi, India | Syndicate Industry

Syndicate Industry successfully supplied air compressor around the india. We will to stay and confirm that we are a experienced an ISO certified air compressor supplier in India. our product range is Low pressure and high pressure reciprocating piston type air compressor 90KW-200KW and 9 Bar - 12 Bar pressure range, high pressure and low pressure air receiver tank 30 liters to 80,000 liters capacity, 100% salient oil free air compressor for food and pharmaceutical companies, Car washing pump for automobile service station, we have oil less Oxygen Compressor concentration for medical hospitals applications High pressure Compressors for Pet blow molding Oil Free air Compressor manufacturers and exporters for Power Plants we are India based world class air compressor manufacturing company.Air compressor manufacturers in India Ahmedabad reciprocating piston air compressor high pressure air compressor oil free air compressor, Syndicate Industry AIR COMPRESSOR is one of the best manufacturers and exporters of “Syndicate Industry COMPRESSOR” BRAND Industrial and Commercial reciprocating, air cooled and water cooled lubricated and non lubricated compressors in single stage, two stage, and multistage air compressor in piston compressor from 2 HP to 20HP up to Upto 65.5 CFM. We have wide range or pet blow high pressure compressor Upto 65.5 CFM, We have highly qualified professional team dedicated & committed to sales and service to iron and steel industry, conveyor belt manufacturers, precision forging manufacturers, air compressor supplier, bucket elevators manufacturers, conveyor chain manufacturers, fabrication services, Glass Industries, vertical conveyor horizontal conveyor, cnc turned components, ferrous and non ferrous metals .We have highly skilled engineers who is inspect each and every components strength and it’s reliability and accuracy before produce any compressor, We have most efficient team members who is regular working on creative ideas to provide high quality work to domestic , We are not selling our product but we are selling after sales technical support globally. We are looking dealer network in Mumbai, Delhi, Chennai, Coimbatore, Madurai, Karnataka Bangalore, Hyderabad, Pune, Surat, Kolkata, Lucknow, Kanpur, Indore, Bhopal, Vadodara, Faridabad, Rajkot, Srinagar, Aurangabad, Amritsar, Ranchi, Vijayawada, Raipur, Chandigarh, Bhubaneswar, Dehradun, Agartala .

Air Compressor Specifications

Motor Power 90KW-200KW Horse Power 2 HP to 20HP Discharge Pressure 9 Bar - 12 Bar Maximum Flow Rate Upto 65.5 CFM Number of Compression Stages ‎Two Stage Compressor Mounting Configuration Tank Mounted

The cutting edge fabricating industry couldn't get by without one fundamental instrument: modern air blowers. This sheltered, strong bit of hardware permits makers in different fields to accomplish their work adequately. Here's the ticket...

Different Categories and Models of Industrial Air Compressors Make Manufacturing Possible

In the event that you've at any point expanded your vehicle's tires at a service station or utilized canned air to clean your console, you've utilized rearranged forms of compacted air. On a more fantastic scope, nonetheless, modern air blowers make probably the biggest assignments possible.There are a few unique sorts of air blowers, each with shifting sizes and force supplies – enough to fill an inflatable cushion or gracefully pressurized air to a huge assembling office.

For the most part, air blowers are assembled into three classes regarding capacity: purchaser grade, proficient evaluation and modern evaluation. To the extent configuration goes, there are two fundamental models makers depend on: the responding cylinder and the turning screw. Whatever the model, these strong, solid machines require considerably less upkeep than electric apparatuses .

These air blower have Developed Over Time as Industrial Needs Have Progressed

Prior to the improvement of air pressure innovation, people had just their lungs to feed the flames of assembling. Howls, imagined around 1500 BC, helped us along, yet making a solid wellspring of air was still work serious. To satisfy our requirements for produced metal, it was to a great extent human muscle that kept industry moving for a considerable length of time. It wasn't until 1776 that a blowing gadget, an early model for a mechanical air blower, was created by an industrialist named John Wilkinson. More industrialists paid heed and started to builds up this new innovation. Before long, air blowers were utilized in metal working and mining to make a more secure, more effective condition.

#air compressor supplier

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latestmarketresearch · 4 years

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Foundry Market Growing Tremendously with Better Market Opportunities From 2020-2023

JUNE 15, 2020: India is the second largest producer of castings, globally. The Indian Foundry industry produces various types of metal castings and cast components for application in the power, automotive, defense, railways, machine tools, agro machinery, tractor, earth-moving and mining machinery, electrical machinery, and oil and natural gas industries. The automobile sector is a major consumer of castings produced in the country. Currently, there are around 4,500 foundry units in the small, medium and large-scale sector. Out of these, 1500 units have international quality accreditation.

Global foundry market insights:

In 2017, global castings production witnessed an increase of ~5.3% from 2016, and reached a value of ~110 Mn tonnes. Based on total output, Russia had the highest growth in 2017, with an increase of ~8.3% in production from 2016. China increased its production by 2 Mn tonnes, reaching a total of 49.4 Mn in 2017. Increasing production of light vehicles worldwide is acting as a key growth driver for the global foundry market. The growth in production of light vehicles is expected to increase demand for new cast metal parts, across the world, and also lead to the replacement of old metal casting products with more energy efficient metal casting solutions.

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India foundry market insights:

Casting production in India reached a value of 11 Mn tonnes in 2018, and is expected expand at a compound annual growth rate (CAGR) of ~12.7% from 2018 until 2023. The automobile sector consumes around 40% of castings produced in India. As of 2018, aluminum castings contributed around 15% of the total castings production in the country. The share is expected to increase considerably by the end of 2023, owing to a shift in demand from iron to lighter castings materials for manufacturing fuel-efficient automobiles and electronic vehicles (EVs). Expansion of infrastructure by the government is expected to generate demand for a wide variety of machinery and equipment such as cranes, fans, motors, appliances, pumps, conveyor equipment, etc. which, in turn, will create fresh demand for metal castings.

The major foundry clusters are located in Batala, Jalandhar, Ludhiana, Agra, Pune, Kolhapur, Sholapur, Rajkot, Mumbai, Ahmedabad, Belgaum, Coimbatore, and Chennai, among other Indian cities. Each of these foundry units caters to some specific end-use market. The Coimbatore cluster is famous for pump-set castings, the clusters in Kolhapur and Belgaum are known for automotive castings, and the Rajkot cluster is famous for diesel engine castings. Some of the notable companies producing metal castings include Electrosteel Castings Ltd., Hinduja Foundries Ltd., Nelcast Ltd., and Tata Metaliks Ltd., among others.

End-user segment growth insights:

Automotive: The foundry market is linked directly with the development of the overall automotive sector. Growth of the automobile industry is expected to generate huge demand for castings producers. Based on volume, India is currently the fourth largest automobile industry, globally. Rapid growth of the automotive sector has also led to the steady development of other subsidiary industries like the auto component industry, indicating huge demand for castings.

Pipes and fittings: The pipe sector in India is poised for steady growth due to substantial investments and capacity additions. Companies produce a wide range of steel, cement and PVC pipes, which are used in various industries. Demand for castings is expected to expand with the growth of the pipes and fittings market in India.

Power: Consistent power supply and availability of quality electrical equipment are necessary for the growth of the Indian economy from a global perspective. As of December 2018, India had a power generating capacity of ~349.28 GW. The Government of India has targeted an addition of ~88.5 GW under the 12th Five-Year Plan (2012-2017), and another ~100 GW under the 13th Five-Year Plan (2017-2022). The foundry industry is expected to benefit from such power generation installations.

Government initiatives:

A Vision Plan 2020 has been initiated by The Institute of Indian Foundrymen (IIF) to recommend the needed initiatives for rapid growth, and emerge as a leading supplier of quality castings in the global market by 2020. An implementing agency for the India Foundry Mission (IFM) will have full authority to represent it, demonstrate the pilots and implement recommendations, and monitor market growth.

Key growth drivers of the market:

• Foundries across India are presently upgrading facilities and technologies in a bid to improve their productivity and increase their capacity. To cater to the growing demand, this industry is embarking on major expansions and technological initiatives, with investments of over INR 10 Bn, since 2011.

• Majority of the foundry units in India fall under the MSME sector, which has registered consistent growth over the years. There are around 51 Mn MSME units spread across the country. About 55.3% of the MSMEs are based out of rural areas, indicating the deployment of a significant rural workforce in the MSME sector.

• Re-implementation of Public Procurement Policy, Pradhan Mantri MUDRA Yojana, Make in India, Startup India, and Skill India initiatives are helping in the growth of the MSME sector in the country.

Key deterrents to the growth of the market

Since most of the castings manufacturing units fall under small and medium enterprises (SMEs), they cannot use advanced technological equipment or automation due to high costs, thus limiting their marketing strength. It is challenging for them to sustain their position in the global marketplace. The inability to meet the domestic demand for castings and to supply quality products to the global market acts as a huge barrier for the industry to grow further.

Companies covered:

1. Ashok Iron Works Pvt. Ltd.

2. Brakes India Pvt. Ltd.

3. DCM Engineering Ltd.

4. Electrosteel Castings Ltd.

5. Hinduja Foundries Ltd.

6. Jayaswal Neco Industries Ltd.

7. Menon and Menon Ltd.

8. Nelcast Ltd.

9. Sanmar Foundries Ltd.

10. Tata Metaliks Ltd.

To Browse Full Research Report @: radiantinsights.com/research/foundry-market-in-india-2018-2023

Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Foundry market definition

3.2. Foundry process flow

3.3. Types of casting process - overview

Chapter 4: Global foundry market

4.1. Market overview

4.2. Top casting producing countries - volume-wise (2017)

4.3. Top 10 casting producing countries - per plant comparison; volume-wise (2016 and 2017)

4.4. Top gray iron producing countries (2018)

4.5. Top ductile iron producing countries (2018)

4.6. Top malleable iron producing countries (2018)

4.7. Top steel producing countries (2018)

4.8. Product-wise market segmentation (2017)

4.8.1. Gray iron

4.8.2. Ductile iron

4.8.3. Malleable iron

4.8.4. Steel

4.8.5. Copper base

4.8.6. Aluminum

4.8.7. Others

Continued……………….

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About Radiant Insights: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:

Company Name: Radiant Insights, Inc

Contact Person: Michelle Thoras

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Phone: (415) 349-0054

Address: 201 Spear St #1100, Suite #3036

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State: California

Country: United States

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ritexmetalcorp · 1 year

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SS Round Bars Supplier in Ahmedabad, Gujarat, India

SS Round Bars Supplier in Ahmedabad, Gujarat, India: The stainless steel round bars produced and supplied by Ritex Metal Corporation are well-known in the industry. Ritex Metal Corporation manufactures stainless steel round bars from premium-quality raw materials. We provide SS Round Bars in a variety of diameters and lengths to boost reliability in a number of applications. In Ritex Metal Corporation's state-of-the-art manufacturing facility, which is designed to create Round Bars that meet both domestic and international quality standards, modern machinery and technology are accessible. Stainless steel round bars made by Ritex Metal Corporation have a longer operational life and are dependable for applications even after years of use. We produce our ASTM A276 stainless steel bars in compliance with industry standards for dimensional accuracy and stability. We also fulfil orders of all sizes for our customers. Ritex Metal Corporation offers SS Bar in addition to services for the oil and gas, power generation, paper and pulp, water treatment facilities, chemical equipment, food processing, and many other industries. If you're looking for SS Round Bars Supplier in Ahmedabad, Gujarat, India and we supplier to our products to various locations like Kathwada, Kalol, Kadi, Vatva, Naroda, Singarva, Odhav, Rakhiyal, Sanand, Vani, Daskroi, Chhatral, Narol, Dhandhuka, Dholka, Kadi, Kalol, Kerala, Asarva, Bakrol, Bodakdev, Ankleshwar, Gandhinagar, Bhavnagar, Patan, Porbandar, Kutch, Dahod, Baruch, Amreli, Navsari, Kheda, Panchmahal, Sabarkantha, Surendranagar, Mehsana, Morbi, Gir Somnath, Palanpur, Cheenai, Amritsar, Pune, Mumbai, Delhi, Faridabad, Udaipur, Nagpur, Agra, Haridwar, Dehradun, Rishikesh, Kanpur, Lucknow, Banglore, Jaipur, Peenya Etc.Please get in touch with us. Please contact us at the following address for further information about our products/catalog: Contact number: +91 97266 45523 Email: [email protected] [email protected] Read the full article

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onlevelup01 · 4 years

Link

WASHINGTON: US President Donald Trump on Wednesday thanked India for Prime Minister Narendra Modi's decision to allow the export of malaria drug Hydroxychloroquine to the United States.“Extraordinary times require even closer cooperation between friends. Thank you India and the Indian people for the decision on HCQ. Will not be forgotten!” Trump said in a tweet, a day after India lifted the hold on export of the drug to the US.“Thank you Prime Minister (Narendra Modi) for your strong leadership in helping not just India, but humanity, in this fight!” he said.Extraordinary times require even closer cooperation between friends. Thank you India and the Indian people for the… https://t.co/aDMD5VmPa8— Donald J. Trump (@realDonaldTrump) 1586369511000President Trump has been pushing for the use of Hydroxychloroquine in the treatment of COVID-19 patients. United States has emerged as a hotspot of coronavirus.The dreaded disease has inflicted more than four lakh Americans, claiming lives of over 14,000 of them till Wednesday.Hydroxychloroquine has been identified by the US Food and Drug Administration as a possible line of treatment for the COVID-19 and it is being tested on more than 1,500 coronavirus patients in New York.Anticipating that it will work, given initial positive results, Trump has bought more than 29 million doses of Hydroxychloroquine for potential treatment of the COVID-19 patients.President Trump and Prime Minister Modi spoke over the phone last week. During the call, Trump had requested Modi to lift the hold on the American order of Hydroxychloroquine, of which India is the major producer."I bought millions of doses (of Hydroxychloroquine). More than 29 million. I spoke to Prime Minister Modi, a lot of it (Hydroxychloroquine) comes out of India. I asked him if he would release it? He was Great. He was really good," Trump told Sean Hannity of the Fox News on Monday night."You know they put a stop because they wanted it for India,” Trump said, responding to a question on the usage of Hydroxychloroquine. India allowed on Tuesday the export of Hydroxychloroquine to the US, which has emerged as the global hotspot of COVID-19.During the interview, Trump described Hydroxychloroquine as a powerful malaria drug, saying the drug is being tested on hundreds of coronavirus patients in New York.“But there are a lot of good things coming from that,” he said.“Lot of people are looking at it and saying, you know I don't hear bad stories, I hear good stories. And I don't hear anything where it is causing death,” said the US President.Hydroxychloroquine, an old and inexpensive drug used to treat malaria, is seen as a viable therapeutic solution by President Trump to coronavirus.Last week Trump had said he sought help from Prime Minister Modi to allow the sale of Hydroxychloroquine tablets ordered by the US to treat the growing number of coronavirus patients in his country, hours after India banned the export of the anti-malarial drug.India has received similar requests from several other countries including its immediate neighbours Sri Lanka and Nepal. India has said that it is reviewing its export ban order. Notably, India's decision to ban the exports of Hydroxychloroquine is driven by its desire to take stock of the domestic requirements and ensure that the country has enough of the drug."I would be surprised if he would, you know, because India does very well with the United States," Trump told reporters during a press briefing at the White House on Monday.Trump and Modi enjoy a personal friendship as reflected in the president joining the prime minister at the "Howdy, Modi!" event in Houston last September. This February, Trump made a rare India-specific solo trip to Ahmedabad and New Delhi.India on Monday agreed to lift the ban on export of Hydroxychloroquine to the US. Three Gujarat-based companies would export these tablets to the US, Chief Minister Vijay Rupani said on Tuesday.India produces 70 per cent of the world's supply of Hydroxychloroquine, according to Indian Pharmaceutical Alliance (IPA) secretary-general Sudarshan Jain.The country has a production capacity of 40 tonnes of Hydroxychloroquine (HCQ) every month, implying 20 crore tablets of 200 mg each. And since the drug is also used to auto-immune diseases like rheumatoid arthritis and lupus, manufacturers have good production capacities that can also be ramped up. from Economic Times https://ift.tt/2xejITl

#Blogger

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jobsearchtips02 · 4 years

Text

Stock market news live: Stocks little changed as traders monitor coronavirus outbreak

U.S. stocks kicked off the week slightly higher, shaking off earlier declines as the coronavirus death toll overtook that of the 2002-2003 SARS outbreak.

Later this week, investors will receive a myriad of corporate earnings results, January retail sales data and semi-annual congressional testimony from Federal Reserve Chair Jerome Powell.” data-reactid=”16″ type=”text”>Later this week, investors will receive a myriad of corporate earnings results, January retail sales data and semi-annual congressional testimony from Federal Reserve Chair Jerome Powell.

—

The National Retail Federation, which tracks retail shipment volumes at major U.S. ports, warned on Monday that the coronavirus epidemic is adding to the typical slowness associated with Lunar New Year. That means a usual slump is “sharper-than-usual,” the organization says:

“February is historically a slow month for imports because of Lunar New Year and the lull between retailers’ holiday season and summer, but this is an unusual situation,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

“Many Chinese factories have already stayed closed longer than usual, and we don’t know how soon they will reopen. U.S. retailers were already beginning to shift some sourcing to other countries because of the trade war, but if shutdowns continue, we could see an impact on supply chains.”

Accordingly, trying to forecast container volumes “has become even more challenging” and it’s far from clear when the manufacturing sector will normalize, the NRF said.

—

View photos

In this photograph taken on December 8, 2016, an automated robot works on an assembly line of Highly Electrical Appliances India Pvt. Ltd. at a company air-conditioner compressor plant at Matoda, some 20 kms. from Ahmedabad. / AFP / SAM PANTHAKY (Photo credit should read SAM PANTHAKY/AFP via Getty Images)

In a lengthy study published Monday, Bank of America put a new spin on a slowly unfolding story: Namely, that global supply chains are migrating to other countries like Southeast Asia, India and even North America.

According to a BofA study, “…much more surprising was that companies in about half of all global sectors in North America declared an intent to ‘reshore’. This was particularly true for high-tech sectors and industries for which energy is a key input. If borne out, this could represent the first reversal in a multi-decade trend.”

In all, multinational companies worth $22 trillion in market cap are being impacted, and the bank warns that investors may not be ready. So what’s behind the shift? BofA noted there are several reasons, but among them are tariffs, narrowing tax advantages, and national security. And the kicker:

“In our view, these movements are ‘tectonic’: slow moving, persistent with major changes to the business environment for global companies.

“…We don’t think investors are fully prepared for this tectonic shift. In our view, the US could be a significant beneficiary of this process, while Chinese firms are perhaps most at risk. Even more striking, our survey found almost universal intent to use automation.”

As such, the bank recommends adding exposure in automation, industrials and banks stocks in the regions set to become beneficiaries of the shift.

—

In the last couple of sessions, Wall Street has had a delayed reaction to coronavirus fears. Yet according to DataTrek, there are several reasons why stocks haven’t priced in more aggressive losses:

The illness is still largely contained to Mainland China, with 99% of the worldwide cases through today. Even if you do not trust the Chinese government numbers, the count outside the country is trustworthy.

China is addressing the outbreak aggressively, with mass quarantines and other measures enabled by its powerful authoritarian governance structure.

Markets know this means 1H global economic growth will slow, but they also assume a containment of the disease during this timeframe because of the steps outlined in the prior point.

The virus will make for a temporary truce in the US-China trade war that will extend for at least several more months. President Trump knows there is no point in pushing on the issue while the Chinese government is focused on this crisis.

…A 2H 2020 re-acceleration in global growth (post the presumed containment of the virus) will serve President Trump well going into the November US general election. Markets see him as better for the US economy than current Democratic front-runner Bernie Sanders.

Bond markets, in true on-brand form, see the economic effects of the coronavirus as modestly deflationary (more on this in a moment). Yields have therefore declined around the world, supporting equity valuations. And since central banks are fixated on deflation, the chance they will cut rates is rising.

All told, the firm points out that the stock market is more of a leading indicator, with investors pricing in where growth/earnings will end up in 6 months time. “Investors see the real possibility of a period of global economic catch-up” in the second half — and a Trump reelection bolstering next year and beyond.

—

10: 34 a.m. ET: Stocks push higher, shaking off coronavirus fears

After opening slightly to the downside, the S&P 500 and Dow pushed into positive territory about an hour into the regular trading session.

Here were the main moves in markets, as of 10: 35 a.m. ET:

S&P 500 (^GSPC): +0.36% or +11.85 points to 3,339.55

Dow (^DJI): +0.33% or +96.18 points to 29,198.69

Nasdaq (^IXIC): +0.53% or +51.07 points to 9,571.58

Crude oil (CL=F): -0.74% or -0.37 to 49.95 a barrel

Gold (GC=F) +0.22% or +3.40 to 1,576.80 per ounce

—

10: 32 a.m. ET: Tesla’s stock jumps again, extending incredible run

TSLA) stock rose as much as much as 9.6% on Monday to $819.99 at the highs of the morning session, as shares of the electric car-maker continued to surge.” data-reactid=”76″ type=”text”>Tesla’s (TSLA) stock rose as much as much as 9.6% on Monday to $819.99 at the highs of the morning session, as shares of the electric car-maker continued to surge.

Reuters reported.” data-reactid=”77″ type=”text”>The stock received an apparent boost over the weekend after Chinese officials said Tesla’s Shanghai Gigafactory would resume production Monday, Feb. 10, with the government helping it work through the spread of the coronavirus, Reuters reported.

earnings call with investors late last month that the company would see a 1-1.5 week delay in ramping production at the Shanghai Gigafactory amid the coronavirus.” data-reactid=”78″ type=”text”>Tesla executives had said during their earnings call with investors late last month that the company would see a 1-1.5 week delay in ramping production at the Shanghai Gigafactory amid the coronavirus.

Shares of Tesla were up about 80% for the year to date through Friday’s close.

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10: 27 a.m. ET: U.S. economic growth could take a hit in Q1 as coronavirus impact spreads

U.S. real gross domestic product growth could slow well below 1% in the first quarter as the impact of the coronavirus takes hold, according to a note from UBS economist Seth Carpenter Monday. These effects, however, will likely reverse in the second and third quarters this year, he added.

We see the net effect on the US as being small, but the quarterly swings are likely to be measurable. For the US, we see the effect coming through three channels: tourism, exports, and a temporary disruption to manufacturing because of delayed imports. For Q1, we have trimmed our real GDP estimate by 0.2 [percentage points] to a 0.4% [quarter on quarter] annual rate. We assume that the hit in the US from the coronavirus is mostly reversed over the course of Q2 and Q3. There are significant risks to this forecast. Our forecast change is conditional on China reopening production next week and based on the China team’s assessment that production disruptions will be small.

GDP growth of 2.7% in the first quarter.” data-reactid=”85″ type=”text”>UBS’s prediction for U.S. Q1 GDP is below that of the Atlanta Fed. The regional bank’s closely watched GDPNow model estimates real GDP growth of 2.7% in the first quarter.

—

9: 35 a.m. ET: U.S. stocks open little changed amid coronavirus outbreak

The Dow and S&P 500 opened slightly in the red Monday morning as fears over the coronavirus continued to mount. However, each index pared losses from the pre-market session.

Here were the main moves in markets, as of 9: 35 a.m. ET:

S&P 500 (^GSPC): -0.05% or -1.6 points to 3,326.11

Dow (^DJI): -0.04% or -12.53 points to 29,089.98

Nasdaq (^IXIC): +0.05% or +7.35 points to 9,529.66

Crude oil (CL=F): -0.97% or -0.49 to 49.83 a barrel

Gold (GC=F) +0.28% or +4.40 to 1,577.80 per ounce

—

7: 47 a.m. ET: Stock futures mixed as coronavirus death toll rises

Contracts on the three major indices were mixed Monday morning, after falling for the first time in five sessions on Friday. Fears over the spread of the deadly coronavirus continued to be a focal point for global investors.

As of Sunday evening, the coronavirus had claimed the lives of 908 in mainland China, and total cases rose to 40,171, according to China’s National Health Commission. Ninety-seven people died from the disease on Sunday alone. More have now been killed by the coronavirus than during the SARS outbreak of 2002 to 2003, which killed 774 individuals.

Tedros Adhanom Ghebreyesus, director-general of the World Health Organization, noted in a Twitter post Sunday that some coronavirus cases have begun to emerge even in individuals who did not travel to China.

There’ve been some concerning instances of onward #2019nCoV spread from people with no travel history to . The detection of a small number of cases may indicate more widespread transmission in other countries; in short, we may only be seeing the tip of the iceberg.

— Tedros Adhanom Ghebreyesus (@DrTedros) February 9, 2020

In the UK, where there have so far been eight confirmed coronavirus cases, the country’s health secretary called the outbreak “a serious and imminent threat to public health.” Elsewhere, more than 3,000 people have been stuck on a cruise ship in Yokohama, Japan, in a two-week quarantine, with dozens on board having tested positive for the coronavirus. Separately, home-rental services Airbnb has halted bookings of all listings in Beijing through the end of February in effort to contain the coronavirus.

Here were the main moves during the pre-market session, as of 7: 47 a.m. ET:

S&P futures (ES=F): 3,324.75, down 0.75 points or 0.02%

Dow futures (YM=F): 29,025.00, down 19 points or 0.07%

Nasdaq futures (NQ=F): 9,413.25, up points or 0.04%

Crude oil (CL=F): $50.18 per barrel, down $0.14 or 0.28%

Gold (GC=F): $1,575.10 per ounce, up $1.70 or 0.11%

View photos

A man wearing a protective face mask walks on an overpass in Lujiazui financial district in Shanghai on February 10, 2020. – The death toll from the novel coronavirus surged past 900 in mainland China on February 10, overtaking global fatalities in the 2002-03 SARS epidemic, even as the World Health Organization said the outbreak appeared to be stabilising. (Photo by NOEL CELIS / AFP) (Photo by NOEL CELIS/AFP via Getty Images)

—

Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.” data-reactid=”132″ type=”text”>Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.

Find live stock market quotes and the latest business and finance news” data-reactid=”133″ type=”text”>Find live stock market quotes and the latest business and finance news

from Job Search Tips https://jobsearchtips.net/stock-market-news-live-stocks-little-changed-as-traders-monitor-coronavirus-outbreak/

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suvidhaservices09-blog · 5 years

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Manpower Consultancy in Ahmedabad by Suvidha Services

We offer suitable placements as per the requirements of both the organization and employee. We operate with the highest degree of integrity. We specialize in domestic recruitment currently. We focus on establishing a mutually beneficial relationship with our clients by addressing their requirements and maximizing their satisfaction.

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solarrooftopsysteminindia-blog · 5 years

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Solar Submersible Pump in India

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bmpseo01-blog · 6 years

Photo

Textile Machinery Spare Parts Growth Opportunities – Kaizar Mahuwala

Kaizar Mahuwala, One of the youngest and visionary President of Indian Textile Accessories & Machinery Manufacturer’s Association and entrepreneur himself leading Gurjar Group – has shared their expert opinion on the current local & global affairs, market growth & growth opportunities for SME & MSME sectors. The contribution India provides in global textile market and the corresponding market share India receives from the global market. He also has shares his views on the challenges faced by Indian textile industry, textile machinery spare parts, govt. support on Textile Policy Extension and the strong impact of GST on the transition. Mr. Mahuwala keeps himself updated with the latest trends in textile machine spare parts industry and the potential of exports from India. He has very positive vision on influence of technology on procurement and supply chain in India for industrial machinery spare parts. See the details below…

How has been the progress of India

Textile Machines, accessories and spare parts

industry in India and abroad?

Global textile machinery market is witnessing tremendous growth buoyed by growing demand of textile & apparel market. It is forecasted to grow at a CAGR of 14.02% till 2020.

Indian has a share of 14% of world’s textile production and second largest exporter with 5.2% global share, 31% share in cotton yarn exports with India accounts 22% of world’s spindles, 9% rotors, 63% looms and 37% world area under cotton cultivation. Indian textile industry currently estimated at around US $ 120 billion is expected to reach US $ 230 billion by 2020.

The major manufacturers of textile machinery are Italy, Germany, Switzerland, France and China. One of the major trends in the Global Textile Machinery market is the growing number of technological innovations. The global market is divided into two parts i.e. Low cost manufacturing places like developing countries (Labor concentrated market) where cheap labor is available & high cost manufacturing places like developed countries where labor is expensive & more automation is needed to reduce operation cost.

The Textile Engineering Industry (TEI) in India is one of the five key Engineering Sectors responsible for the growth of the Indian economy. It consists of more than 1400 units, with a total investment of approx. Rs. 7800 crore. More than 80% of the units are SMEs. The total installed capacity is approx. Rs. 9100 crore. The industry provides direct/indirect employment to > 250,000 people. The TEI contributes greatly to the competitiveness of the Indian Textile Industry. It meets 45-50% of the demand of the Indian textile industry.

What are the challenges faced by industry? How is the impact of GST and the transition?

The major challenge in the textile machinery manufacturing industry is the lack of scale and technology, lack of presence in all sectors, lack of advanced textile education, lack of Semi-skilled and skilled labors, lack of ecosystem to support innovations and lack of investment in R&D, except for the manufacturing units who have technical collaboration with reputed foreign companies. This dependence on borrowed technology and want of research has kept most of the sectors far behind in the standard and performance of the machinery produced except spinning machinery sector which is at par with international technology levels. This has resulted in the import of second hand machinery especially in the area of weaving & processing thus discouraging the advancement of technology in the manufacturing of similar machinery. India is still far behind in garment machinery technology and development. Competition from high tech machinery of European and South-East Asian countries is a real challenge to the very existence of this industry.

The introduction of GST has resulted in removal of concessions/exemptions for the textile industry which saw outrages and protests by various associations and players in the textile industry. Considering the intent of GST and peculiar manner of operation of textile industry, it may take slightly longer for textile industry to off-set the initial hiccups of GST and grow at a competitive pace. Since exports under GST would be zero rated, this would give a competitive edge to textile exports from India, which is facing a strong competition from Bangladesh, Pakistan etc. Hence, integrated textile companies should see this as an opportunity, as the advent of GST will spur the textile sector with major capital investments bringing the cost of capital down.

Can you tell us the emerging trends in Textile machinery spare parts and accessories industry globally and potential for exports from India?

The global demand of textile machinery is rising due to growing demand of textile industry.

Today, textile machinery sourcing is majorly done from European countries, which is relatively costly. India is strategically located from most of major textile & apparel producing countries and India has good potential to explore global opportunities & tap global market. India has to first focus on exports to the neighboring countries, which are emerging as significant textile producers.

The launch of TUFS in India has created a demand for state of the art machinery eligible under TUFS. The domestic manufacturing industry, however, is still gearing up to meet demand for such machinery and resulted into large-scale imports of machinery. The dismantling of textile units in European countries coupled with liberal policy with regard to import of second hand machinery also encouraged imports of second hand textile machinery.

This scenario is completely opposite in China which has relied not only on machinery imports but has also simultaneously strengthened its own machinery manufacturing base by encouraging both the domestic investments and FDI. The Chinese machinery industry has focused on long-term technology introduction, joint ventures and scientific research thereby acquiring abilities to supply various textile equipment’s in the domestic and overseas market.

What is the impact of latest technology on procurement and supply chain for Textile machinery spare parts and accessories?

“Technology” is vehicle to enhance supply chain competitiveness and performance by enhancing the overall effectiveness and efficiency of logistics system. The benefits that B2B e-commerce platforms can deliver are specifically targeted at some of the biggest drawbacks of the textile supply chain, such as ineffective sourcing processes, long procurement time, limited industrial information access, low supply chain visibility and bad communication among all business parties. B2B e-commerce is powered by digital technology, enabling ethical textile businesses to gain exposure and access to the global market in an easier way. New digital technologies not only reduce supply chain management costs, but also give them a place in a much more diversified textile industry.

What are the activities of ITAMMA and how it has benefited members?

ITAMMA – Indian Textile Accessories & Machinery Manufacturer’s Association established in year 1943 is celebrating its 75th Platinum Jubilee in year 2018, with its members strength of 450+ is committed “Towards Making Indian Textile Industry a World Leader”. ITAMMA serves members through desk research, representations to government, cluster development initiatives, export initiatives & events at national & international level like catalog shows, B2B, delegations, exhibitions, workshops, skill developments, lean management and CFC.

As entrepreneur you are heading Gurjar Group, can you share some information about your business as well?

Gurjar Group established in year 1956 has more than 45 years of experience in manufacturing of Nickel Perforated Rotary Screens and Engraving chemicals. Gurjar has introduced 3rd Generation NEO+ 135, 165, 195 and 210 mesh series. NEO+ range enables textile rotary printer to print highly sharp geometric designs, fine half tone and objects up to 1 pixel in size. The mesh 210 is Gurjar’s innovation and top of the range mesh available in the market enabling a printer to achieve photo print quality. Gurjar Photo Emulsion Gold quality gives screen engraving pin-hole proof up to 1 lakh meter and highly easy to engrave and strip. Gurjar offers complete print solution with special coating screens, Galvano screens, screens for wall paper printing, embossing, foil printing, glitters, and puff. Gurjar offers laser engraving, range of machines and spare parts, auxiliary chemicals and digital jacquard fabric.

KAIZAR Z. MAHUWALA

President – Indian Textile Accessories & Machinery Manufacturer’s Association

Executive Director – Gurjar Gravures Pvt. Ltd.

Executive Director – Gurjar Images Pvt. Ltd.

Co-Chairman – Textile Committee, Gujarat Chamber of Commerce & Industries, Ahmedabad

Vice-Chairman – India ITME Society

Past Chairman – Indo American Chamber of Commerce, Gujarat Branch

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