ABB's first dual armed robot on display

 Prime Minister of India Mr. Narendra Modi ahd the Swedish Prime Minister visited the ABB stall at the 'Make in India week' at Bengulure where the world's dual armed robot was on display.

Dual armed robot is an innovation in robotics which facilitates a perfect synchronization of man and machine in the work place. ABB has developed a collaborative dual arm, small parts assembly robot solution which includes flexible hands, part feeding systems and camera based location facilitating perfect control. 

ABB is a global leader in power and automation technologies having 140,000 employees and operates in about 100 countries.

ABB has been successful in maintaining a steady footprint in the manufacturing and engineering industries in the Indian sub-continent. Out of 12 manufacturing sites, one of the seven corporate research centers are based in India.

The Indian sub-continent has witnessed an unprecedented level of economic expansion in recent years with the support of ABB. The company has helped the customers to use the electrical power sufficiently, increase industrial productivity and minimize environmental impact in a sustainable way.

Protocol between India and Sweden to avoid double taxation

The following is the text of the protocol between India and Sweden to avoid double taxation signed in 2013.

Swedish Companies in India

There are at present more than 170 companies of which the major ones are SKF, Atlas Copco, Volvo and ABB. Many of these companies are based in Maharashtra and Gujarat with more such enterprises likely to come up in smart cities. Owing to the growing importance of Swedish presence in India, a new consulate had been set up in September 2012.

We shall now consider some of the major Swedish companies in India starting with SKF.

SKF

SKF is a leading global technology leader since 1907. Their fundamental strength is the ability to develop new technologies and utilize them to produce new products that offer competitive advantages to potential customers.

SKF Technology Platforms:

Bearings and Units

Seals

Mechatronics, Services and lubrication systems

SKF (India) has its registered office in Mumbai employing nearly 2800 people. It was established in 1965 and presently has a turnover of Rs. 26 million. There are 6 manufacturing sites and 6 regional offices. SKF is a Global ISO 14001 certified company apart from the OHSAS 18001 certification.

Organization:

The SKF business is organized into three business areas: Industrial Market, Strategic Industries; Industrial Market, Regional Sales and Service; and Automotive. Each business areas serves a global market, focusing on its specific customer segments. There are seven staff units: Group Finance and Corporate Development; Group People and Business Excellence; Group Communication; Group Legal and Sustainability; Group Purchasing;  Group Technology Development and Group Business Transformation. 

Address:

SKF India Limited 
Mahatma Gandhi Memorial Building 
Netaji Subhash Road, Mumbai 400002

SKF places great importance in employee care, environmental concerns and community issues.

The financial performance of the company during the fourth quarter ending December 31, 2015 amounted to INR 6019 million.

The Profit after tax for the fourth quarter ending December 31, 2015 amounted to INR 581 million registering  a growth of 16.2% compared to the immediately preceding quarter and a growth of 42.2% compared to the same quarter in the previous year.

Read more at:  http://www.skf.com/group/splash/index.html

Tracking Indian Industry

Indian economy is passing through a very momentous phase marked by expectations, innovations and reforms. As Indian economy surges through the murky waters of global economic ups and down, the question that will always be uppermost in the mind would be " is this sustainable"? In this blog, i plan to chart the progress of Indian industry through this challenging times.