WiredScribe: The Business of IT

India has developed into a dynamic market for the machine tool industry over the past years. Bangalore and Chennai are becoming important industrial centres in addition to the traditional markets like Delhi and Mumbai. Today, many European countries as well as neighbouring countries and other South East Asian nations are importing machine tools from India . Even our neighbour China has been importing from Indian manufacturers. But the machine tool industry is still a fledgling and is to a large extent dependent on servicing the domestic market and the burgeoning automobile components manufacturers. Though India has made strides to do away with the technology gap that existed earlier we still are a long way from matching the quality standards expected by consumers like The UK and other European nations both in terms of product quality and design aspects. We still have to go a long way before we can introduce our own innovations based on the international market requirements....

The growth in the machine tool sector is directly proportional to the growth in the other industries. The machine Tools Industry is the backbone of the entire industrial engineering sector. And the growth trends visible in the Indian hardware manufacturing sectors are clear indicators of this fact. , today, India is in a position to export various automobile components and other industrial equipments. If we study the growth chart, one will notice that there has been a simultaneous rise in the export of general purpose and standard machine tools to other countries including the industrially advanced nations. During the last four decades, the machine tool industry in India has established a sound base and there are around 125 machine tool manufactures in the organized sector as also around 300 units in the small ancillary sector. Engineering Review delved a little deeper into the subject to understand the opportunities that exists in the machine tool space and also the market po...

Almost all major players in the electrical and electronics industry are rising in unison on calls to improve government initiatives, investment and easing duties. It’s what they feel will unlock the potential in the local industry and help it assume gigantic proportions.     With the Elecrama 2006 acting as a popular platform bringing together nearly 1,000 major players in the electrical and electronics industry, common issues and dilemmas were bound to be open to discussion. Is Government Doing Enough? The biggest issue that the electrical and electronics manufacturers and distributors are facing didn’t come as a surprise. Most of the respondents that Engineering Review spoke to pointed out the additional initiatives that the government of India need to take to improve infrastructure, increase awareness among consumers on energy conservation and industrial safety, giving laws more “bite” or even enforcing the laws that are passed, etc. D. Jai Ramesh, Chai...

The Indian industry is coming of age. The government’s program of electrifying all the villages by 2012 has proved to be a major factor in boosting growth. In addition to this, since the economy is growing at the rate of 6-7 percent, the electrical industry is expected to grow at the rate of 12-15 percent. This is a must rather than an expectation. The current power shortage is a case in point of the ill effects of the electrical and power industry not matching the country’s overall growth rate This is already been felt in the scenario today. For the next 10-12 years, we have to grow at those rates per annum if we have to stay competitive. China has already added 400,000 megawatts to its power capacity. India , on the other hand, is still at 125,000 megawatts. The country needs to catch up to those levels to sustain even the current growth rate. The next 10-15 years is going to be the era of the power industry. And if the current development scenario is anything to go by there ...

Indian manufacturers can stay competitive in the global marketplace only through innovation. This in turn, leads to better production processes and higher quality products—quality that meets international standards. Indian manufacturers have an added advantage in the form of cost effectiveness, as the wages here are much lower than those offered in more developed nations thereby directly affecting the end price of the product. R&D activities serve as incubators for the new ideas that can lead to new products, processes, and industries. Although they are not the only source of new innovations, R&D activities conducted in industry-run laboratories and facilities are the source of many important new ideas that have shaped modern technology. Industries that traditionally conduct large amounts of R&D have met with greater success in foreign markets than those that are less R&D intensive, and they have been more supportive of higher wages for their employees. More...

India is truly shining. Or so it seems from the increasing demand for customised IT training from the government sector, an institution that has traditionally resisted change of any kind. Ascribe it to the much-hyped feel good factor or the decade-old e-governance dream. Fact is babudom is finally linking IT literacy with the long-term goals of establishing India as an IT superpower. In the process, the men in Gandhi topi seem to have learned a lesson or two from their more enterprising brethren in corporate India. The mammoth bureaucratic machinery is now assaying to make up for the time lost in decision-making by speeding up the literacy drive. Though a bit late in the day, realisation has finally dawned. Customised IT training has become the latest mantra in bureaucratic circles. Tailoring a perfect fit Customised training ensures that only those courses or modules that meet specific objectives of the organisation are taught instead of entire courses at greater costs. F...