Abilities India Pistons and Rings Ltd. awarded two gold trophies in ACMA awards

New Delhi, Sep 3 (ANI/Business Wire India): Abilities India Pistons and Rings Ltd. expert in manufacturing of Pistons and Piston Rings for 2 and4 stroke engines, for automobiles (mainly two / three wheelers) has won two Gold trophies, for excellence in Exports as well as in productivity and quality, in the golden Jubilee ceremony of ACMA awards (2008 – 2009).

Abilities India Pistons and Rings Ltd. is the largest manufacturer in India of two stroke pistons kits and is supplying it to USA, Europe and more than 35 countries through out the world.

Speaking on the occasion, Sunil Arora, Joint MD, AIP, stated that, “The real growth is going to start now. The market is ripe for the OEMs and there is tremendous scope to grow. With optimum capex and engineering excellence the company is gearing for the challenge. It was also a part of the ACMA Advance cluster which gave it the impetus to continuously strive for excellence.”

AIP is working as a leader for the manufacture of Pistons and Rings for automobiles (mainly two / three wheelers), chain saws, brush cutters, agriculture sprayers and compressors. AIP is a major OEM supplier for many reputed vehicle and engine manufactures of the country and overseas. AIP has to its credits the development of nearly 200 models of pistons for Chain Saws / Brush Cutters, which places it in a unique position to be a global supplier of Pistons to the OEM and after-markets as the necessary infrastructure for these models is readily available.

Abilities India Pistons and Rings Ltd. was established in the 1966 by R.S. Arora and converted into a limited company in 1995; the company has gone from strength to strength, overcoming many challenges on the way with great aplomb. It is an ISO/TS16949:2002 certified company, recognized EXPORT HOUSE as well as recipient of several AWARDS from EEPC and ACMA for excellence in Exports and Quality and Productivity.

Always keeping its employees first and firmly believing that the company’s success lies in its efficient and happy employees, the company continuously evolves practices that will ensure Total Employee Involvement. Stress is given to ‘all round improvement’ by making 5S, Poka Yoke, Kaizen, Deskilling and Talent development a part of its daily activities. (ANI)

China’s carbon emissions may peak around 2030

New Delhi, August 18 (ANI): A panel of experts have determined that China’s carbon emissions output could peak around 2030 if the government continues to be serious about “strengthened measures” to improve energy efficiency and if it accelerates exploration of renewable energy.

According to the panel from the National Development and Reform Commission and the Development Research Center of the State Council, with the right policies, emissions growth could slow after 2020, with a peak around 2030.

This is the first time a Chinese think-tank has officially announced when it thinks China’s carbon emissions will peak.

The international community has closely watched the country’s carbon emissions curve because China and the US are the top two carbon emissions countries in the world.

The panel has advised China to invest significantly in low-carbon technology research and development, saying the strategy of developing such technology is “a stone killing two birds”.

“Only by using advanced low-carbon technologies can China’s greenhouse gas emissions peak around 2030; otherwise, the peak will be delayed and we don’t want to see the latter scenario,” said Jiang Kejun, a leading economist of the panel.

If the peak happens around 2030, the huge investment in low-carbon technologies could keep China’s economy growing at a fast pace and make China a global leader in cutting-edge technologies.

“I think China will become a major supplier of nuclear, wind and hydropower technologies and electricity transmission by 2030,” said Jiang. “And that should be a strategic goal for the Chinese government to pursue,” he added.

If China can achieve these goals, by 2050, its carbon emissions from fossil fuel “could fall to the same emissions levels as in 2005 or even lower”, the report said.

Jiang said that the Chinese government has been “on the right track” in making policy decisions to develop low-carbon technologies as new economic growth engines while countries worldwide are working on a plan by October to replace the Kyoto Protocol, which is set to expire in 2012. (ANI)

Women Sakhi Mandal destroy liquor dens in Gujarat

Surat, July 11 (ANI): Members of Sakhi Mandal, a women’s group in Gujarat’s Surat district, destroyed liquor dens.

They burnt all material and spurious liquor kept in drums launching their drive against liquor barons on Saturday.

The drive followed death of over 122 persons in a hooch tragedy in Ahmedabad.

“We heard about the liquor tragedy in Ahmedabad. We then decided to take up this drive to break down all these liquor dens. We are ready to face all consequences as we have a strong force of the women community,” Meena Patel, a member of Sakhi Mandal.

Manjula Patel, another member of the group, alleged that the cops and bootleggers are hand-in-gloves because of which these dens still survive in the state.

“We have caught these bootleggers many a times, but our strength is of no force in front of them. They have threatened us and also have tried to attack us with weapons. We have complained to the police.But they only give us assurance and do not take actions,” Manjula said.

Meanwhile, the toll in Ahmedabad hooch tragedy has risen to 122 after nine more deaths were reported.

The police said that now 122 people have died and 227 were admitted to various city hospitals. The city is witnessing deaths from spurious liquor since last five days.

The Crime Branch, of the Gujarat Police is investigating the case. The investigation has revealed that the spurious liquor was supplied from Mahemdabad town in Kheda district.

Though the Police have identified one Vinod Chauhan alias Dagri as the main supplier of the killer brew, but the Congress Party is alleging that a BJP councilor from Ahmedabad was the key supplier of poisonous alcohol. (ANI)

Gujarat hooch tragedy death toll rises to 122

Ahmedabad July 11 (ANI): The toll in Ahmedabad hooch tragedy has rises to 122after nine more deaths were reported.

The police said that now 122 people have died and 227 were admitted to various city hospitals. The city is witnessing deaths from spurious liquor since last five days.

The Crime Branch, of the Gujarat Police is investigating the case. The investigation has revealed that the spurious liquor was supplied from Mahemdabad town in Kheda district.

Though the Police have identified one Vinod Chauhan alias Dagri as the main supplier of the killer brew, but the Congress Party is alleging that a BJP councilor from Ahmedabad was the key supplier of poisonous alcohol.

The ongoing session of the Gujarat Assembly is facing uproar from the Opposition Congress. he party alleged the failure of the Narendra Modi government to prevent the suply of the spurious brew in the dry state. They are also demanding the resignation of Chief Minister Narendra Modi and Home Minster Amit Shah.

Meanwhile, the Bharatiya Janata Party has requested the opposition parties not to politicize the issue.

Between 1977 to 1989,when Congress was in power in Gujrat there were seven big hooch tragedies, every time, the BJP blamed the ruling Congress for its failure to implement prohibition law. So the Congress is not sparing this opportunity to target the Modi Government. (ANI)

IndiaMART.com registers 40 percent growth in recession time

New Delhi, July 9 (ANI/Business Wire India): IndiaMART.com registered an impressive growth of 40 per cent in revenues for 2008-2009 despite an economic downturn. he growth in revenues has also been backed by a robust 52 per cent growth in supplier registrations.

“Our numbers speak for themselves, While the whole world is busy hiding behind words like recession and economic downturn to conceal their poor performance, our teams have strived hard to keep the winning streak going,” said a beaming Dinesh Agarwal, CEO and Founder of IndiaMART.com.

Agarwal feels the steep rise in registrations is clearly indicative of recessionary pressure on entrepreneurs to make do with show string marketing budgets, which naturally pushes them to seek online marketing as the most credible and effective option. As the market leader, IndiaMART is always keen to take on path breaking initiatives to sensitize SMEs about online marketing and adoption of technology through events, trade shows and conferences.

IndiaMART.com has been ranked India’s No. 1 online B2B marketplace by the Internet and Mobile Association of India (IAMAI) in its recent study done on Information, Communication and Technology (ICT) usage among Micro, Small and Medium Enterprises (MSMEs).

The independent market research, with special focus on online B2B marketplaces, accords over 85 per cent preference for IndiaMART among B2B suppliers who go online, and who were interviewed by IAMAI. The study also states a 60 per cent market share for IndiaMART.com in India.

IndiaMART.com received its first round of private equity investment from Intel Capital earlier this year. Bennet Coleman and Co Ltd, publishers of The Times of India and The Economic Times, also have a stake in IndiaMART as a private treaty partner. (ANI)

China, India to become big powers in future: Singapore

New Delhi, July 5 (ANI): Singapore’s Foreign Minister George Yeo has said that Asia’s two emerging giants China and India will become big powers in the future when the current economic crisis is over and the world will be a different place with many centers of political, economic and cultural influence.

Speaking at the 15th anniversary celebrations of a local secondary school on Saturday, Foreign Minister George Yeo also said that Russia and Brazil will also play major roles.

The Middle East, as the major supplier of oil and gas to the world, will be important to Singapore.

The minister urged Singapore students to prepare for a different world, Xinhua reported.

“We must prepare for a different world in which we make a living and safeguard our security,” he said.

“Our students should anticipate the changes so that they are well prepared for them. Learning languages is an obvious example. But we do not only need to speak different languages, we must also understand different cultures and political systems,” Yeo said.

The minister said that the current global economic crisis would also test the moral character of Singaporeans.

If there is a strong sense of mutual obligation, solidarity and affection, the people in Singapore will not only pull through the economic crisis, but also will emerge stronger and more united, he added. (ANI)

Hyderabad drug firm claims it can increase production of swine flu drug

Hyderabad, May 2 (ANI): An Indian pharmaceutical company in Hyderabad claims that it can revamp the production of antiviral drugs, which can tackle the swine flu drug as the World Health Organisation (WHO) warned of an imminent pandemic.

Hyderabad-based Hetero Drugs, the only supplier in India licensed by Swiss-based Roche, could ramp up production to reach monthly capacity of about 80 million doses of ‘Oseltamivir or Fluvir’, used to treat swine flu cases, within weeks.

Hetero is an Indian company with a sub-license from Roche to manufacture Tamiflu.

The World Health Organisation (WHO) sounded an emergency after the report of first death from outside Mexico, where it killed 149 people and is now reported to have spread to so far as New Zealand.

Since avian flu caught the world off guard in 2003, Swiss drug maker Roche has authorised drug companies in developing countries to manufacture an inexpensive generic form of its Tamiflu drug, called ‘Oseltamivir or Fluvir’.

Hetero is the only producer licensed by Roche for the generic drug in India.

“This particular drug, we supplied more than about 50 million capsules here in 2006. At that time, we supplied about close to one million capsules to the Government of India. We are also committed to our government that whenever there is any kind of such situation arises, we are in a position to supply,” said B P Srinivas Reddy, Chairman and Managing Director, Hetero Drugs Limited.

Reddy further added that the Central Government asked them for the drug and the government may stockpile about 10 million doses of the drug to deal with any outbreak.

“Again last week, the Government of India contacted us and we have given assurance that we are going to supply. Yesterday, there was an enquiry that they may stockpile about ten million doses. We said we are ready to supply and cooperate,” said Reddy.

The company is licensed to export to about 100 developing countries. The fears of swine flu having reached India were dispelled by the WHO, which said the country has not reported any swine flu case and was prepared to handle a possible outbreak.

Reddy also said that there is no need to worry about the spread of virus in the country, as the virus exists in places where the average temperature is less than 32 degrees.

“As far as our country is concerned, nothing to worry because this particular virus, which is causing the disease can exist only less than 32 degrees,” added Reddy.

Hetero supplied 200 million doses of the drug in the last three years to India and other countries, Reddy said, further adding that inquiries about the supplies are pouring in from countries like Latin America, South-East Asia and Middle East.

While there is no vaccine for the swine flu, the generic drugs have been proved to be effective.

The Central Government has stepped up surveillance across international airports and ports to check for any swine flu symptoms. The recently discovered disease (swine fever) is caused by the H1N1 virus type through the mutation of flu that infects swine, human as well as avian population. (ANI)

Gearbox and hydraulics suppliers survive on old orders

Berlin – Gearbox and hydraulics suppliers in Germany still have work in hand thanks to a pipeline of past orders, their federation said Thursday, four days before the industry’s principal fair opens in Hanover.

The sector, a key supplier to engineering companies and the car industry, saw orders plummet in the fourth quarter of last year as business customers scrambled to reduce output and costly stockpiles of parts.

In its assessment, the gearbox and hydraulics section of Germany’s VDMA machinery industry federation said, “Sales at the moment are still being sustained by the good volume of orders we took last year.

“In the gears sector, the average order book in February contained 7.4 months of work, while the hydraulics and pneumatics sector had 3.6 months of orders in hand. At the moment, we cannot offer a cogent and reliable forecast for the year 2009 as a whole.”

The industry’ worries were likely to be reflected at the five-day Hanover Fair which begins on Monday. World gear and hydraulics suppliers are to show new products at a special Motion, Drive and Automation section, which is held only every second year at the fair.(dpa)

McDonald’s Hong Kong boss took 330,000 dollars in bribes

Hong Kong – The former managing director of fast food chain McDonald’s in Hong Kong faced jail Thursday after being convicted of taking 330,000 US dollars in bribes from a food supplier.

Joseph Lau Si-sing, 48, was found guilty at a court hearing Wednesday of taking bribes and conspiring to pervert the course of justice by asking the supplier to lie to investigators.

Lau, who joined the fast food chain in Hong Kong in 2004, added more fruit and vegetables to the menu and ordered corn from a Thai supplier who he used to work with in a previous job.

In 2005, he asked the supplier to give him 10 per cent of the value of the orders McDonald’s placed and received 330,000 US dollars in payments over the next two years.

When anti-corruption investigators began a probe, Lau told the supplier to tell investigators he had given him the money for a joint property investment in China.

Lau, who has been sacked by McDonald’s will be sentenced by Hong Kong’s District Court on May 6 and faces a possible jail term. Sentencing was adjourned for a background report to be prepared. (dpa)

UPDATE 1-Auto supplier Noble seeks bankruptcy protection

Cites frozen credit, volume declines

* European, Asian, Mexican units excluded

DETROIT, April 15 (Reuters) – Auto parts supplier Noble International Ltd (NOBL.O) filed for Chapter 11 bankruptcy protection for its North American operations on Wednesday, citing a steep decline in auto production and tight credit.

Noble is the latest U.S. auto parts supplier to seek bankruptcy protection as a result of the decline in U.S. vehicle sales to their lowest level in nearly 27 years and the increasing financial strain on Detroit’s automakers.

The Troy, Michigan-based company, which makes laser-welded blanks and roll-formed products and other steel components, has supplied parts to General Motors Corp (GM.N), Ford Motor Co (F.N) and Chrysler LLC.

“The frozen credit markets and diminished volumes have limited our ability to effectuate a solution outside of bankruptcy,” Noble Chief Executive Andrew Tavi said in a statement.

The company said three of its customers recently moved to buy laser-welded products from other suppliers.

Noble said in March it was seeking short-term funding from Detroit’s three automakers, and that without help it was unlikely to maintain operations to March 23.

The auto supplier defaulted on a debt payment on March 1.

Noble’s European, Asian and Mexican affiliates are excluded from the bankruptcy.

Noble provides steel structural components to the auto industry, including parts that increase vehicle body strength and reduce weight. Customers also include Daimler AG (DAIGn.DE), BMW (BMWG.DE), Fiat SpA (FIA.MI) and Honda Motor Co Ltd (7267.T).

The U.S. auto industry is suffering from its worst downturn in decades, with industrywide sales about 40 percent in the first three months of 2009. (Reporting by Soyoung Kim; Editing by Gary Hill)

UPDATE 1-KEPCO operating loss expanding on fuel costs -govt

SEOUL, April 15 (Reuters) – State-run Korea Electric Power Corp (KEPCO) (015760.KS) posted an estimated 1.2 trillion won ($909.4 million) operating loss in the first two months of the year due to high fuel costs, Seoul’s energy ministry said on Wednesday.

The power monopoly has suffered a double whammy since last year with prices of imported feedstocks such as coal, liquefied natural gas (LNG) and fuel oil jumping to record highs in July. Prices have nearly halved since the peak, but the local won currency has dropped more than 40 percent against the dollar since last year, making imports still expensive for KEPCO.

“KEPCO’s profit loss is expanding (1.2 trillion won in January and February) as fuel costs increase without an adjustment in power costs,” the ministry said.

“There is more pressure (now) to increase the electricity rates.”

South Korea held off raising tariff hikes for nearly two years to ease inflation pressures before raising electricity rates by a modest 4.5 percent on average in November.

KEPCO says it needs at least a 20 percent price increase in 2009 to cover its fuel costs. Seoul’s Energy Minister Lee Youn-ho also said last month that a price hike would be necessary as soon as economy recovers.

South Korea’s consumption of commercial electricity in March fell by the slowest annual pace of 2.8 percent in five months, a fresh indication of recovery in Asia’s fourth-largest economy, [ID:nSEV000685]

In 2008, KEPCO posted a bigger-than-expected net loss of 2.95 trillion won. The power supplier said import costs for coal rose 87.7 percent compared to year ago in March and liquefied natural gas (LNG) costs grew 37.2 percent.

Shares in KEPCO lost 3.1 percent as of 0234 GMT, underperforming the wider market’s 0.82 percent fall.

(Reporting by Angela Moon; Editing by Jonathan Hopfner)

IOL Chemicals to hire 400 new employees this year

IOL Chemicals and Pharmaceuticals Limited, a leading organic chemicals manufacturer and supplier, has announced that it will hire around 400 new employees by the end of this year.

The company has an existing workforce of over 900 professionals.

Market experts believe that despite the global economic slowdown, this is a big step by Ludhiana-based IOLCP towards preparing itself to tap global opportunities in the pharmaceutical industry.

According to company officials, the company’s new manpower will primarily take care of the proposed expansion of its manufacturing capacity with an investment worth Rs 216 crore.

The capacity expansion for its various product lines includes; forward integration in chemical division as well as backward integration in pharmaceutical division to produce raw materials for its flagship product Ibuprofen; and increase in cogeneration of power.

Recently, IOLCP has got coveted certifications for exports of its pharmaceutical products, Ibuprofen, to various countries. The company intends to produce 4800 tablets per annum of acetyl chloride, which is a raw material used to manufacture Ibuprofen.

Apart from latest development, the company is also constructing a new captive co-generation plant with additional capacity of 13 MW in addition to the existing cogeneration plant of 4 MW.

The plant is expected to begin working by the end of year 2010 and will generate a total of 17MW of power for exclusive consumption by IOLCP s manufacturing facilities.

US Treasury agrees on fresh support for auto suppliers

Washington – The US Treasury Department on Wednesday launched a new programme to aid US car suppliers who have struggled to stay afloat as the wider industry stands on the brink of collapse.

The plan would focus on parts suppliers for General Motors Corp and Chrysler LLC, both of which face possible bankruptcy within the next few months. The two US carmakers are in a race against time to shed massive debt and cut operating costs or risk losing government support.

The new Treasury programme could amount to as much as 5 billion dollars, Bloomberg News reported. The money goes to GM and Chrysler, who in turn will use it to pay off debts owed to their suppliers.

The 16-month US recession has led to a more than 35-per-cent drop in domestic car sales, threatening carmakers, suppliers and dealerships alike. GM and Chrysler have already received 17.5 billion dollars in emergency government loans since December.

The Treasury said its latest support was necessary to prop up a sector of the car industry that employs about 500,000 people in the United States.

“During this difficult period of restructuring in the auto industry, the supplier support programme will provide supply companies with access to liquidity and protect good-paying American jobs while giving GM and Chrysler reliable access to the parts they need,” Treasury spokeswoman Jenni Engebretsen said in a statement. (dpa)

Opel working on natural gas-hybrid system

Russelsheim, Germany – Opel is working on a compressed natural gas (CNG) hybrid drive system in cooperation with car parts supplier Bosch and the University of Stuttgart to combine a turbo engine with an electric motor.

A prototype based on an Astra Caravan and equipped with a start- stop-system achieved a carbon dioxide emission figure of just 90 grammes per kilometre, the car maker said.

The three-litre combustion engine has an output of 71 kW/97 hp. The electric motor supplied by Bosch add an additional 35 kW. Opel currently offers the Zafira CNG Turbo with an output of 150 hp and C02 emissions of 144 g/km. The Ampera, based on the Chevy Volt, is scheduled for European markets in 2011. It is fitted with both a combustion engine and electric motor. (dpa)

Puffing on politics

Hookah sellers in Delhi are doing good business this month. No, not because it is hip or up-market to take a puff from those long-stemmed water pipes, but because it is election time.

In Gujjar villages around Delhi, a person sharing a hookah with the villagers is considered one of their own. And politicians, with Lok Sabha polls ahead, are making the most of it by attending the chaupal where smoking hookah is a tradition and regular affair.

Such meetings offer political leaders a platform to interact with villagers, albeit only men, informally and campaign. Decisions are taken and judgments are passed over hookah and tobacco at village chaupal on important matters.

Ashok Tanwar (40), a farmer and real estate dealer, of Bhopa Mohalla in Fatehpur village, South Delhi, said: “Even today, everything is decided here at the chaupal. Be it resolving a dispute or a decision on some exchange in marriage, everything is taken up during a chaupal.

” This kind of campaigning during the Delhi Assembly election in 2008 had seen a daily average demand of almost 50 kg of tobacco and sale of about eight to 10 hookah per month as against the average of four per month in other times. “This year, the sale of tobacco has seen about 25 per cent increase in Haryana.

(But) in Delhi, the sales will pick up only now as the campaigning will gather steam after nominations are filed,” said Narender Bhavit, a supplier of tobacco and hookah. Bhavit, who operates from a shop-cum-godown at Mehrauli, claims he is the wholesale supplier of tobacco that is sourced from Kalwadi in Haryana and hookah in Delhi, Haryana and Uttar Pradesh.

He said he also rented out hookah for Rs 100 per day. There are a couple of other shops in the Mehrauli main market that sell hookah and tobacco.

One of them is Baseshwar Nath Tobacco Shop, which has a range of hookah starting from Rs 250 per piece. “Many people have hookah at home and they last for three to four years.

Demand for tobacco increases by about 15-20 per cent during election campaign,” said Nath, owner of the shop. In villages like Fatehpur, Aya Nagar and Badarpur, chaupal meetings are becoming more frequent with the rising political din.

So, hookah and tobacco too are in big demand.

India gets first consignment of uranium post-NSG clearance

Hyderabad, April 1 (IANS) India has started benefiting from the Nuclear Suppliers Group (NSG) clearance for supply of nuclear fuel with the first consignment of 60 tonnes of uranium from France landing at the Nuclear Fuel Complex (NFC) here.

This first shipment is part of the 300 tonnes of uranium ore concentrate which French nuclear supplier AREVA NC has agreed to supply to India under bilateral cooperation for supplying reactors and fuel following clearance from the NSG, NFC officials said here Wednesday.

They said this uranium ore would be processed and used to produce power in safeguarded pressurised heavy water reactors (PHWRs).

‘This uranium has to be used in safeguarded reactors only. We already have 15, out of which two are safeguarded,’ R.N. Jayaraj, chief executive of NFC, told reporters.

He said the remainder of 240 tonnes of uranium from France was expected to reach NFC before the end of April.

With Russia also expected to send its first consignment of 120 tonnes soon, India hopes to tide over the shortage of uranium.

The official said uranium ore concentrate would be processed in the designated fuel plants at the NFC by converting it into nuclear grade uranium dioxide powder and then compacted in the form of cylindrical pellets.

‘These pellets are stacked and encapsulated in thin walled tubes of zirconium alloy which will be sealed by resistance welding using end plugs, a technology which has been innovated in India,’ he said.

Jayaraj said 19 such fuel pins would be assembled to form a fuel bundle for power plants. The NFC would be able to supply this fuel to only two PHWRs covered under the India-US nuclear deal. It would not be possible for NFC to supply the same to 13 other PHWRs.

NFC officials said reactors where the imported fuel is used would have to be made available for international inspections under the safeguards to which India has agreed.

India has received the first shipment of imported uranium at a time when its first nuclear plant, Tarapur Atomic Power Station (TAPS), completed 40 years of successful nuclear power generation.

The shipments from France and Russia are expected to help India tide over the current shortage of nuclear fuel and achieve the production target of 20,000 MW of nuclear power by 2020.

Atomic Energy Commission chairman Anil Kakodkar had recently said that despite the current economic slowdown, India was well on course to achieve the target.

Honda cuts U.S. output amid GM, Chrysler woes

General Motors faced a rising bankruptcy risk and Chrysler raced to secure its survival as Honda moved on Wednesday to cut output in North America and car sales in Asian markets tumbled.

In Europe, incentives encouraging cash-strapped consumers to ditch old cars in favour of new models bore some fruit, with more than 860,000 applying for the measure in Germany and French car sales rising sharply.

Crisis-hit GM’s shares plunged after the struggling U.S. manufacturer said there was a rising chance it could file for bankruptcy by June, as teams began to implement a tough restructuring for the sector dictated by President Barack’s Obama’s administration.

Renault said overall sales for the French market rose 8.1 percent in March. France’s number two manufacturer behind PSA Peugeot Citroen, said its own sales were up 12.8 percent, helped by a scrapping incentive.

French car equipment supplier Faurecia’s CEO told a newspaper that carmakers had stopped cutting sales and output forecasts, although he warned that the industry’s recovery would be long and gradual.

The French carmakers’ association CCFA was due to publish more detailed March results for France later in the day, while Italian car sales for March were also set for publication later.

U.S. auto sales data also due on Wednesday were expected to show a 40 percent fall in March from a year ago, and the picture from Asia was equally gloomy.

South Korea’s five automakers in March posted an 18.8 percent drop in sales to 402,563 vehicles, with exports down 19.9 percent.

Hyundai’s overall sales in March lost 9.8 percent compared with the same period a year earlier, and its overseas sales fell 7.9 percent.

In Japan, overall auto sales slumped 25.3 percent in March.

However, Honda shares rose after the automaker said it would cut production in the U.S. by temporarily shutting factories, and would cut pay for workers as U.S. sales plunge to multi-decade lows.

Fiat CEO Sergio Marchionne flew to Detroit for talks with Chrysler unions and creditors after President Obama gave them 30 days to forge a partnership to save the ailing U.S. automaker.

In Spain, declines in car sales eased to 38.7 percent in March year-on-year after a 48.8 percent drop in February, partly due to a government stimulus plan, carmakers association Anfac said.

Cognex seminar created more avenues for Indian solar manufactures

New Delhi/Mumbai, Mar 19 (ANI/Business Wire India): Cognex(r) Corporation, the world’s leading supplier of machine vision systems, vision sensors and industrial ID readers, today conducted a seminar on ‘Automation in Solar Industry’ for Indian solar manufactures at Hyderabad.

Cognex showcased a wide array of vision products applicable to the solar industry, particularly in ensuring the fabrication of high-quality solar cells at a low cost with minimal wastage.

The seminar was well attended by eminent speakers, solar manufactures and delegates from the industry. Discussions revolved around how the solar industry growth in India can be enhanced with the help of automation, robotics and vision systems.

Growth in the solar cell industry is reported to be on the upsurge – the worldwide solar market was worth about 10.6 billion dollars in 2006 and expected to grow a projected 40 per cent year-on-year to reach 31.5 billion dollars by 2011. Machine vision spending in the solar industry is similarly thriving – it is predicted that the spend will increase several fold from the reported 15 million dollars in 2006 to about 100 million dollars by 2012, a clear testament to the industry’s critical need for machine vision.

Highlighting the importance of vision systems in the solar industry, Ettore Cucchetti, Cognex’s Vice President of Sales, Marketing and Support – Asia said, “In these difficult times, there is heightened demand for a low-cost energy source, with many organizations and individuals turning to solar energy to save costs. This heightened demand in the economic downturn has led to many solar manufactures looking to optimize their production processes by eliminating production errors and detecting defects early so as to decrease wastage and increase the yield of high-quality solar products in a shorter time span. This is where Cognex comes in with our machine vision technology which enables automated inspection of 100 per cent of the products, which means every part of every single product is inspected for quality as opposed to just a sample.”

Cucchetti added, “In India, we are honored to be working with Involute to bring to local solar manufactures a comprehensive range of leading-edge automated machine vision systems to help them tap into the market growth. As part of Cognex’s on-going commitment to the India market, we aim to create more platforms like today’s seminar to connect directly with the local producers and enable sharing of industry expertise to grow the industry together.” (ANI)

Nuclear reactor may be set up with Russian Cooperation

Tirunelveli (Tamil Nadu), March 7 (ANI): Chairman of Nuclear Power Corporation of India Limited (NPCIL) S K Jain has said that one more site may be identified to set up an additional reactor with Russian cooperation.

He said this while interacting with media persons after the 22nd joint coordination committee meeting with the visiting Russian delegation of nuclear Experts at Tirunelveli in Tamil Nadu on March 6.

“An inter-governmental agreement which was signed between the Government of Russian Federation and Indian Government envisage setting up of six units, means four additional… in Koodankulam nuclear power plant. There is also a provision for one more site, it may be identified for setting up an additional reactor with Russian cooperation,” said S K Jain, Chairman of Nuclear Power Corporation of India Limited (NPCIL).

He also noted that 95 per cent of work on Koodankulam nuclear power reactor has been completed and the rest of the project would be completed before December this year.

The Jaitapur unit in Maharashtra is likely to have six French nuclear reactors with 1,650-mega watts capacity each, and Areva, a French nuclear power company, would be the supplier, Jain added.

Describing India as one of the fastest developing economies in the world, Jain recognised the need for 8 lakh mega watts of power by the end of 2032. (ANI)