Ford-backed car rental service Zoomcar based in Bangalore, India, is set to start a bicycle sharing business. Founder, American expatriate Greg Moran, said that the company will have its own fleet of cycles and will start the service in Bangalore, Chennai and Kolkata. “We have observed a huge market gap for...
India's Cold-Chain Infrastructure Looks Up
According to Ravichandran Purushothaman, president of Danfoss Industries, the Indian arm of the Nordborg, Denmark-headquartered Danfoss, the company is riding a boom in India’s cold-chain infrastructure. Purushothaman, told Business Line, "The heart of the cold chains is with us," noting that Danfoss' cold-chain-related business grew between 20 and 25 per cent...
Brakes India and ZF Launch Electric Park Brake Technology
Germany-based ZF Friedrichshafen AG, together with Brakes India, -- a joint venture between ZF-TRW and the Chennai, India-based TVS group -- announced an India-specific Electric Park Brake (EPB) technology. The JV tied up with a global OEM (whose name is not disclosed) to develop this technology, a first for India....
Danfoss India Targets 50% Localization by 2020
Danfoss Industries, the Indian arm of the Nordborg, Denmark-headquartered Danfoss, which makes a range of industrial products for heating, cooling and energy efficiency, is aiming to increase manufacturing localization to up to 50 percent by 2020. Danfoss India president Ravichandran Purshothaman said the company manufactures 20 percent of its products locally...
India is a Winner in Hyperloop One Global Challenge
A panel of experts in infrastructure, technology, and transportation, announced ten Hyperloop One winners from five countries -- Canada, India, Mexico, U.K. and the U.S. -- which were chosen from among hundreds of applicants. The two Indian companies that made it to the winning list are Hyperloop India and AECOM...
India's Proklean Tech's Probiotic Products Find Global Markets
Chennai, India-based Proklean Technologies, has an exclusive license from Kansas City's SCD Probiotics for using its certified mother culture to manufacture and market products that are natural, non-toxic, and bio-degradable. These products are used in variety of industries, including leather and textile processing. "Wherever chemical surfactants are used, we have...