Thursday, October 3, 2013

Bonatrans announcing setting-up the business unit in India.


Powerful Czech Railway Industry is officially introduced at the 10th International Railway Equipment Exhibition (IREE) in New Delhi today. There are 9 Czech companies in the national exhibition, organised under the auspices of the Ministry of Industry and Trade of the Czech Republic, presenting leading rail technologies, wheelsets, pneumatic and electric doors and traction motors and drives manufacturers, components for passenger and freight transport, innovative solutions in logistics and storage, railway infrastructure and more. One of the exhibitors,BONATRANS GROUP a.s., the largest manufacturer of railway wheelsets and their parts in Europe, announced that it is setting up a business unit in India, Bonatrans India Private Limited (“BIPL”). Among others, IREE 2013 exhibitors include ACRI Association, CSAD Uherske Hradiste, DAKO CZ,  Pars Komponenty, PROMAN, Skoda Electric, TOS Kurim OS and VUKV.
The Czech railway industry has an amazing more than 180-year tradition, thanks to innovations, the use of new technologies and high labour efficiency, which guarantees a stable position within Europe as a whole. The members of the Association of the Czech Railway Industry (ACRI) currently employ more than 22,000 people in the CzechRepublic and their annual turnover is more than EUR 3.3 billion, of which exports account for 47%. “The railway industry has always been pulling the Czech economy up, and nothing has changed,” said Marie Alžběta Vopálenská, Executive Director of ACRI.“Especially important are its export achievements. I am delighted to introduce the best Czech railway manufacturers in India today.”
Czech railway manufactures export most of their products and services to the EU, but increasingly also to Russia and Asia. Their products, such as train control systems, locomotives and tram cars, are of the highest European standard. Recently, railway wheels from Bonatrans can be found practically all over the world, and the same is true of anti-friction bearings from ZKL. Škoda Transportation signed a contract for the delivery of six sets of carriages and six locomotives to Deutsche Bahn Regio, and the delivery of tram cars to a number of European and non-European cities. LEGIOS, a manufacturer of freight wagons, has signed two important contracts in Turkey and France, CZ LOKO is busy trading with the Baltic states, Belarus, Russia and the Balkan states, AŽD Praha is modernising railways in Slovakia, the Balkans and Turkey.
Transport and infrastructure is one of the key development opportunities for the future. India is a large country where railways and airways play an important role, and this is exactly the area where Czech manufacturers have a lot to offer. 
Bonatrans Group, the largest manufacturer of railway wheelsets and their parts in Europe, announced today that it has set up a business unit: Bonatrans India Private Limited (“BIPL”) in Aurangabad. This relevant move reflects the huge importance and potential of the Indian railway market in the Bonatrans Group strategy. “After 20 years of continuous cooperation with Indian clients from the railway industry and seeing the growth of the railway sector in India we have made a step forward to be closer to our customers and to provide them with first-class products by BONATRANS manufactured in India,” said Jakub Weimann, Managing Director of Bonatrans Group.
Bonatrans Group has been a reliable supplier of Indian Railways, Indian train manufacturers as well as of the growing urban rail transport in India for several decades. Its products are used in the locomotives, coaches and EMU units of Indian Railways. Most of the new rolling stock for metros in Indian cities run on BONATRANS wheels.
Bonatrans India has been set up in Aurangabad, Maharashtra. After building and equipping with state-of-the-art technology, it will manufacture high-quality wheels, axles and wheelsets especially for passenger railway vehicles and locomotives, but potentially also freight wheelsets for heavy load freight wagons used on future Dedicated Freight Lines. The products will be based on world best practice in design, engineering and technology, but customised to specific Indian needs.
Czech exhibitors at IREE are presenting a wide range of innovative solutions based on tradition and high qualityŠkoda Electric is one of the world’s leading manufacturers of traction and auxiliary drives and traction motors for trolleybuses, tramcars, locomotives, EMU, metro coaches and special mining trucks. The manufacturing program of Pars komponenty s.r.o. includes production of interior and exterior doors, pneumatic and electric door systems, windows, baggage racks, lifting platforms for disabled passengers and interior partitions for public transport passenger vehicles. Proman is the key supplier of rack systems for storage space in large railway warehouses and others. TOS Kurim is producing large milling machines and machining centres, which include gantry type machining centres with a table width of up to 8,000 mm and clearance between columns of up to 10,000 mm. DAKO CZ is producing brake systems for locomotives, freight cars, passenger coaches, metro cars and trams. VUKV is testing and developing a centre for railway vehicles, containers and transport engineering components with relevant advisory and consultancy services.CSAD Uherske Hradiste is a transportation and logistics expert, operating full-load truck (full-trailer loads, FTL) transportation across the world with customs clearance services, bonded warehouses and customs bonds.
The beginnings of Czech – Indian business relations date back to pre-war Czechoslovakia. The tradition of trade and industrial cooperation began with the supplying of machine tools, equipment for sugar mills and the construction of Bata shoe factories in places that still recall his name today. Czech companies were also traditional suppliers of diesel-generators, tools, textiles, leather and printing machinery and food processing technologies, and participated in the foundation of the Indian energy sector. The recent business balance between the Czech Republic and India is impacted by the Indian economic slowdown. In 2012, Czech exports to India were USD 656 million, 23.3% less than the previous year (USD 855 million), while Indian exports to the CzechRepublic were USD 596 million, a year-on-year decrease of 9.1%. Nevertheless, India is still one of the most important countries for Czech foreign trade with long-term growth opportunities and the second-most important trading partner in Asia (after China).

Miloslav Stasek
                                                                        Ambassador of the Czech Republic

OCTOBER 5, 2013








India- top recipient of remittances from migrants among the developing countries

 (World Bank’s Migration and Development Brief 2013)

The developing world is expected to receive $414 billion in migrant remittances in 2013, an increase of 6.3% over the previous year with India being the top receiver among developing nations with an estimated remittance of $71 billion followed by China with $60 billion, the Philippines with $26 billion, Mexico with $22 billion, Nigeria with $21 billion, and Egypt with $20 billion.

According to the latest issue of the World Bank’s Migration and Development Brief, globally, the world’s 232 million international migrants are expected to remit earnings worth $550 billion this year and over $700 billion by 2016 with developing countries expected to receive $414 billion in migrant remittances in 2013 which is an increase of 6.3% over the previous year. The remittances for the developing countries are projected to rise to $540 billion by 2016.

With an estimated remittance of $71 billion, India is the top receiver of remittances in 2013 followed by China with $60 billion, the Philippines with $26 billion, Mexico with $22 billion, Nigeria with $21 billion, and Egypt with $20 billion. Other large recipients include Pakistan , Bangladesh , Vietnam , and Ukraine . In Bangladesh , Nepal , Pakistan and Sri Lanka , remittances are larger than the national foreign exchange reserves. In India , remittances are larger than the earnings from IT exports. Further, with the weakening of the Indian rupee, a surge in remittances is expected as the NRIs will take advantage of the cheaper goods, services and assets back home. As a percentage of GDP, the top recipients of remittances, in 2012, were Tajikistan with 48%, Kyrgyz Republic with 31%, Lesotho and Nepal with 25% each, and Moldova with 24%.

The Brief also highlights that the global average cost for sending remittances is 9%, broadly unchanged from 2012. This high cost of sending money through official channels encourages people to seek out informal channels as their preferred means for sending money home which continues to be an obstacle to the utilization of remittances for development purposes.

While remittance costs seem to have stabilized, banks in many countries have begun imposing additional ‘lifting’ fees on incoming transfers, including remittances. Such fees can be as high as 5% of the transaction value.

Warm regards,

Dr. S P Sharma
Chief Economist
CORCON2013logo                                                                                                                  NACE_GATEWAY INDIA_4C

For Immediate Dissemination
NACE International Honors Dignitaries for
their Contribution towards Corrosion Awareness

New Delhi, October 2, 2013: In order to appreciate the work done by the corrosion fraternity, NACE distributed Corrosion Awareness Awards on Wednesday to acknowledge the contributions of the individuals and organizations. The awards recognize individuals who have made a significant contribution to the corrosion industry.

On the occasion of the award ceremony, Hon'ble Minister of State (I/C) Mr. Srikant Kumar Jena, Ministry of Chemicals and Fertilizers sent a congratulatory message to the organizers and said, “It gives me immense pleasure that NACE International Gateway Section is organizing such a conference which provides a common platform for sharing and exchange of knowledge pertaining to critical issues of Corrosion. I hope that this international conference shall also facilitate and augment the business relationships of Indian companies with international companies.”

This year’s CORCON 2013 witnessed 1000 delegates from across a varied spectrum of industries, to discuss on the context of corrosion and its control. NACE honored the dignitaries for their contribution to Corrosion.

List of 19th Corrosion Awards winners at NACE World CORCON 2013:-

Excellence in Corrosion Science & Technology
Award for individual working in research/ educational organization
Dr. Mumtaz, Ahmad Quarisi, Prof.& Head, Dept. of Chemistry, IIT (BHU), Varanasi
Dr. S.K. Shrivastav, Chief Chemist, IEOT, ONGC, Panvel, Navi Mumbai
Distinction in Corrosion Science and technology
Award for an individual between 25 to 40 years of age working in an Industrial Organization
Mr. Ashish Khera, P. Eng, Director
Allied Engineers, N Delhi
Distinction in Corrosion Science and technology
For an individual between 25 to 40 of age working in the field of education & research
Dr. M. Kiran Kumar, Scientist Materials Science Division, BARC, Mumbai
Excellent Laboratory Award
For a material testing and research laboratory in private / public sector
Welspun Corp Ltd. Bhauch, Gujarat
Student Awards
For thesis of a student who obtained Ph D degree in 2012-13 with corrosion as the main subject
Dr. Geogry J Abraham, Student Indian Institute of Technology, Bombay
For the thesis of a student who obtained M.Tech. degree in 2012-13 with corrosion as the main subject
Mohammad Umar Farooq Khan, Student Indian Insitute of Technology, Bombay
Meritorious Contribution Award
For field of corrosion science & technology & the activities of NACE & similar organizations
Individual from Industry
Mr. Prabhakar M Fanse, consultant, Varodara, Gujarat
Individual from Education & Research Insitute
Dr. R Venkatesan, Scientist G, Programme Director, National Institute of Ocean Technology, Chennai
Life Time Achievement Award
For distinguished Senior Citizen for his life time contributions to the activities for the growth & development of: NACE International & NIGIS, Corrosion Science & Technology, and Corrosion Awareness in India.

Padma Shri Dr. Baldev Raj
NIGIS welcomed the support of Indian Institute of Corrosion and acknowledges with thanks the continuing support of GAIL (India) Ltd., Oil and Natural Gas Corporation Ltd., Corrosion Control Services (B) Pvt. Ltd., Mumbai, Corrtech International Pvt. Ltd, Ahmedabad, International Certification Services (Asia) Pvt. Ltd., Mumbai, Osnar Paints and Contracts Private Limited. NACE International is the pioneer and leader in the field of corrosion engineering and is thus recognized around the world as the premier authority for corrosion control solutions. It is witnessing over 20 countries participation which gives it a truly global outlook.

About NACE International India Gateway

Established in 1992, the NACE International India Gateway with over 1100 members is the fourth largest in the world, after USA, Canada and China. The India section is part of the East Asia and Pacific Rim area which is one of the eight areas of NACE. This is the second largest area and the fastest growing area compared to North America, where the membership is very large. The profile of members in our area is that they are younger and more educated and therefore NACE looks to this area for impetus and growth worldwide. From March 1, 2013, Mr Tushar Jhaveri has taken over as President NACE International he is the first Indian to be President of NACE International.

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