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Bangalore, a huge potential for creation and production,says Angela Merkel

No place on earth offers the potential for creation and production like India at present, Prime Minister Narendra Modi told a gathering of German and Indian businessmen at an event hosted by Nasscom for the PM and German chancellor Angela Merkel here on Tuesday.

“Such a huge potential for creation and production will not be available at any one place. No other place on earth can offer the potential that is on offer on such a massive scale in India. We are trying to power this potential,” Modi told the Indo-German “Digitizing Tomorrow Together” summit.

Modi said that his government since coming to power 15 months ago had focused aggressively on creating a climate conducive for foreign investment in the country.

“With a very open and global mindset we have worked aggressively to make India an easy place to do business. We are committed to creating favorable conditions for business and industry because we believe that they are necessary for improving the lives of ordinary citizens,” the PM said.

“Our commitment and aggressive nature in achieving our goals in a faster manner creates immense opportunities for German companies. Never before was India so well prepared to absorb talent, technology and investments from outside. It makes sense to be in India and it makes stronger business sense to Make in India,” Modi told the Nasscom summit.

“As of now our economic partnership remains below our full potential. We are particularly keen to develop the sectors where Germany is strong,” he said. A number of regulatory and taxation issues that were adversely impacting foreign investments had been addressed to remove concerns, he said.

“We have clearly articulated that we will not resort to retrospective taxation and reinforce this position by not going for imposition of the Minimum Alternative Tax,” the PM asserted.

Employment for youth is the biggest challenge before the country and the manufacturing sector would have to grow from the present 16 percent of GDP mark to around 25 per cent in the short and medium term to facilitate large scale job creation, PM Modi said. German Chancellor Merkel said that initiation of more market reforms would go a long way in encouraging German businesses to put more investments in India.

“More reforms will give more impetus to German industries to invest in India. German companies want to be treated on par with Indian companies and creation of an equitable market is crucial for investments,” she said.

The German chancellor said that greater Indo German collaboration in information technology and manufacturing are key to the opening of “more doors for success in the digitization age”. “German engineering and Indian IT must fuse and complement each other,” she said.

“IT companies in Bangalore are a reliable engine of development for India,” she said.

According to Chancellor Merkel German companies see the biggest business prospects in India coming from sectors like infrastructure, railways and mobility services.

“India needs jobs, Germany needs people and collaboration is crucial to meet the demographic needs of both countries,” she said. Merkel said there is a need to resume EU India free trade agreement talks soon since this is important for Indo German partnership. The , FTA will allow Indian companies to do more business in Germany and vice versa, she said.

“There are 1600 German companies active in India and some of them are more than 100 years old. Our companies value India as a location for manufacturing and as a market,” Merkel said.

India and Germany understand each other and share values and will work in the United Nations for peace and sustainability but the UN needs to reflect the global situation better, she said.

Top Indian business leaders like Azim Premji, Kumaramangalam Birla, Chanda Kocchar, A M Naik were among those in attendance at the business summit.


Source link:<> http://indianexpress.com/article/india/india-news-india/angela-merkel-pm-modi-talk-technology-in-bengaluru/

Biocon inaugurates devices facility for insulin portfolio in Bangalore

Biocon has inaugurated a world class facility for manufacturing new generation, patient-friendly devices for its insulins portfolio in Bangalore. The 100,000 square feet, state-of-the-art new devices facility is an outcome of Biocon’s commitment to ‘Make in India for the World’ which is aligned with the Government’s ‘Make in India’ vision to transform the country into a global manufacturing hub. The facility will enable Biocon to leverage the country’s manufacturing expertise to develop world-class delivery devices for people with diabetes in India and other parts of the world.

The facility was inaugurated by Amitabh Kant, Secretary, Department of Industrial Promotion and Policy, Government of India along with Kaushik Mukherjee, Chief Secretary, Government of Karnataka and V Manjula, Secretary, IT, BT and S&T, Government of Karnataka. Kant also launched Basalog One, a high-end, ready-to-use insulin glargine disposable pen for better blood sugar management for people with diabetes, manufactured in this facility.

Biocon’s Basalog One, a long acting basal insulin glargine presented as an innovative, pre-filled pen, is the first product to roll out of this facility. Basalog One as a ‘once a day’ product is convenient to administer and almost painless, which will enable better patient compliance and help patients manage their blood sugar levels most effectively. The pen is light weight, easy to carry and disposable.

Kant said, “I want to congratulate Biocon on the inauguration of this new facility and the launch of Basalog One. This product, made in such a top class facility, will make a radical difference in the lives of many millions of diabetes patients globally. It’s a huge step forward for such a product to be ‘Made in India’. I am proud of the Biocon team for the focus they have exhibited in making this dream a success.”

Kiran Mazumdar-Shaw said, “Our aim is to provide insulin products to at least one in five insulin-dependent diabetes patients, anywhere in the world. This new devices facility is a key milestone in our journey towards that goal. It will enable us to not only fulfil our commitment to ‘Make in India for the World’ but also deliver on the promise of ‘Affordable Access to Healthcare for All’. Through our product Basalog One, we will be providing a high–end patient-friendly basal insulin glargine pen in India first and global markets, subsequently.”

Dr Arun Chandavarkar, Chief Executive Officer and Jt Managing Director, Biocon, said, “India has the potential to become the next global manufacturing hub in biomedical devices and at Biocon, we are committed to explore this potential. As we expand our reach in global markets to provide access to affordable diabetes therapy options, Basalog One will form a significant part of our offering to people with diabetes in different parts of the world.”

Basalog One is built at Biocon’s new devices facility using a 3 ml cartridge of 100IU insulin glargine manufactured by Biocon. The active drug substance and the drug product for the pen is being manufactured by Biocon in India. Biocon’s Basalog One is a first-of-its-kind, disposable insulin glargine pen, designed internationally and built locally for the global markets.

Source : http://www.financialexpress.com/article/pharma/latest-updates/biocon-inaugurates-devices-facility-for-insulin-portfolio-in-bangalore/136425/

Karnataka Manufacturing Sector 2015

Karnataka is one of the more industrialized states in India and is the fifth largest contributor to India’s manufacturing GDP. It is most known for its IT sector, the state has manufacturing capacity in electronics, garments, aerospace and defense, automobiles, biotechnology, and steel production.

Karnataka is pushing for industrial growth in regions beyond the city of Bangalore, its central technology and innovation hub. As it seeks to increase investment in manufacturing, development of large scale industrial infrastructure and incentives for Small and Medium Enterprises (SMEs) will be key components of this push.

As Karnataka plays catch up with other major manufacturing hubs, it is focusing on large scale industrial infrastructure development to encourage foreign investment. The state has 40,000 acres in its land bank on which it seeks to build crucial industrial infrastructure.

Karnataka is at the forefront of developing National Investment and Manufacturing Zones (NIMZs) which are giant industrial townships that will promote world-class manufacturing activities. The state will set up NIMZs in four districts: Tumkuru, Bidar, Kolar, and Kalburgi.

Karnataka’s 2014-19 industrial policy states that, in line with the central manufacturing policy, Karnataka’s government will develop NIMZs as integrated industrial townships with state-of-the art infrastructure, land use plans based on zoning, and skills development facilities. These measures should attract investors who are normally hesitant of India’s poor infrastructure and difficult land acquisition regulations.

Small and large manufacturers will be operating together in NIMZs. This setup will allow for easy collaboration between businesses within a strong value chain, will help reduce costs and lead time, achieve economies of scale and encourage technology transfer.

NIMZs provide a wide number of benefits to businesses including low interest loans and investment subsidies, government purchase preference, fifty percent government support for international patent filing expenses, single window clearance, tax exemptions including exemptions from capital gains tax, and incentives for companies to buy green technology. Green technology acquisition for SMEs will be provided for by a technology acquisition fund out of which SMEs will be given access to a patent pool of up to INR 2 million (US$ 32,000).

In order to encourage more investment by SMEs, Karnataka will provide a number of incentives, including reduction in cost of setting up business, increased fiscal benefits, and guaranteed land. Starting April 1, 2015, the state will cut application fees for setting up industries by 50 percent. The current rates range from INR 30,000 to INR 3,000,000 (US$ 480 – US$ 48,000). Additionally, Karnataka’s Chief Minister Siddaramaiah has proposed double fiscal incentives for SMEs.

The Karnataka state industrial policy 2014-19 sets aside a minimum of 20-30 percent of allocable land for industrial development to SMEs. Karnataka is also working with the central government to increase the number of SME incubation centers in the state. This month it was announced that the number of SME incubation centers in the state would be raised from four to 10. The central government will be opening 500 incubation centers across the country.

Karnataka is a major manufacturing hub in the defense and airspace industry. It is also pushing for the development of second and third tier cities in the IT sector. Karnataka’s IT policy offers incentives and exemptions to facilitate existing and new firms to set up software or hardware development centers in tier-2 and tier-3 cities such as Belgaum, Gulbarga, Hubli, Mangalore and Mysore. The incentives include stamp duty exemption, concessions in power tariffs and exemption from state labor laws under the Industrial Employment Act.

Karnataka is one of the most industrialized and business-friendly states in India. It is further strengthening its industrial capacity by being at the forefront of NIMZ development in India and by providing multiple incentives to manufacturers. These measures will make Karnataka a leader in manufacturing and will help place the state in the center of the Make in India campaign.

Source: india-briefing

Industries in Bangalore, Bangalore Industries, Manufacturer in Bangalore

Bangalore is one of the fastest growing major metropolis city in India. It is once known as Pensioners Paradise. As large number of information technology companies located there, it is also known as Silicon Valley of India.

Bangalore is a hub for biotech industries in India. There are 265 biotech companies in India in which 41% of companies are located in Bangalore. It is the third largest city in accordance with high income of individuals next to Mumbai and Delhi. Numerous multinational corporations are located in Bangalore particularly computer hardware and software giants have their operations here. There are more than 900 IT industries in Bangalore.

IT Industries located in Bangalore are Deloitte, Accenture, Intel, Aricent, Symbol, Cadence, Cisco, EMC Corporation, Nokia, National Instruments, Honeywell, ARM, Cummins, JP MorganChase, Oracle, Logica CMG, Business Objects, Freescale Semiconductors, Capgemini, Sony, Dell, Microsoft, IBM, Yahoo, NetApp, McAfee, Bearing Point, Fidelity, ANZ, LG, CSC, Synergy, PSI Data, Target, Misys, Dendrite, Sasken, BPL Sanyo, OpenSilicon, Xora, Lenovo, Apostek, net positive, etc. Booming IT industries not only change the life style of the work force but it also increases the demand of Hotel industries, FMCG industries and several other allied industries and their markets are also improved in Bangalore.

Other manufacturing industries in Bangalore include Bharat Electronics Limited, Bharat Heavy Electricals Limited (BHEL), Indian Telephone Industries (ITI), Bharat Earth Movers Limited (BEML), HMT (formerly Hindustan Machine Tools), Hindustan Motors (HM), ABB Group, GM, Volvo Truck, etc.

Government of India set up the Space Commission and Department of Space (DOS) in Bangalore. Indian Space Research Organization (ISRO) was created under the DOS. Numerous satellites are launched by DOS.

There are numerous industries in Bangalore belonging to various fields like heavy industries, information technology, automobile industries, biotech industries, space research and many more are located here. Bizbilla is a center that connects manufacturer in global level and it also provides information to industrialist. Bizbilla helps you to improve your business  internationally and locally.

Manufacturers in Bangalore, Bengaluru Manufacturers, Manufacturing companies in Bengaluru

The Bangalore manufacturers had an remarkable impact over the past 20 years. The Bangalore b2b manufacturers established their excellence in the public sector and the government organizations. They outshine in the private organizations also. The Bangalore manufacturers stand out in agarbatti manufacturing, automobile parts manufacturing,pen manufacturing,chemical manufacturing ,boiler manufacturing ,gear manufacturing,food products  manufacturing etc..

           

it is a Key fact that the granite manufacturers are well worst in Bangalore. They have around more than 1000 granite manufacturers, exporters , suppliers. Bangalore is the biggest granite market of India. Here, You can avail the granites at cheaper prices comparing to other metro cities. The city of Bangalore has a strong and balanced economy with the light and heavy engineering, automobiles, aeronautics, textiles and technology. The textile industry of Bangalore discovered the first rated economy of Bangalore at the initial stage.

Bangalore is the third large metropolitan city in India which is well known for its IT exporter. It is also highest in the manufacturing categories of crude oil petroleum, oil mill plant, air classifier, Fisher air regulator, cranberry products, coffee sacks, packaging materials boxes, tool belt pouch, camping equipment supplies etc.

Bangalore is famously known as “The Technology Hub of the World” as they ranked among the top metropolitan cities in the world. The other heavy manufacturing industries in Bangalore include Bharat Electronics Limited, BHEL and Indian Telephone Industries (ITI)

Bangalore is known for its electronics b2bmanufacturers, suppliers,importers,exporters and they are popularly called as “Electronic city of India”.Bangalore is also emerging as a  destination for the major b2b automotive industries.

Bangalore has many small and medium scale industries and they would claim to be one of the biggest in Asia in future. Bizbilla have wide range of Bangalore b2b manufacturers to expand your business in the local and the global b2 markets.