Bussiness man featured in the news

 

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The Wayne Burt group’s Kerns Aero Products has become the defence offset partner to General Electric Aviation with a $25 million manufacturing plant set up in collaboration to manufac­ture components for aircraft and rocket engines. “We have signed several MoUs with GE,” says group presi­dent & CEO T.G.S. Mahesh, adding that the facility, in Sriperambudur near Chen­nai, is expected to have rev­enues of $50 million in the next three years. “The design and engineering team at Kerns here works closely with Kerns Manufacturing Cor­poration, US, migrating the latest technologies and man­ufacturing processes to India to ignite the ‘Make in India’ concept in its true sense.” The company, established in 2006, is the leader in aero­space fabrications in India, with several global certifica­tions and the acquisition of technical expertise to man­ufacture products that meet global aerospace standards, he says. The Kerns-GE MoUs include programmes for the Indian Coast Guard’s Sikor­sky aircraft, Airbus’ Indian Air Force A330 MRTT tanker, the AH 64 attack helicop­ter, India’s VVIP helicopter, Boeing’s Apache helicop­ters, the Tejas engine and the S70-B Sikorsky helicopters. Wayne Burt is a deep-value fund with interests in oil and gas, petrochemicals and aerospace manufacturing. ♦

 

Sumit Mazumder, chair­man & managing direc­tor, TIL Limited, has been elected president, cil, for 2015-16, in succession to Ajay Shriram. In his new role, Mazumder will be at the helm of affairs, engaging actively with businesses and govern­ments – nationally and inter­nationally – in matters of economy, business develop­ment and policymaking. TIL makes India’s largest range of material handling equipment in technical collaboration with world leaders – Manito­woc Crane Group, US; Hyster

A nthony Foxx, US Sec- x\.retary of Transportation, recently visited India. The first US transport secretary to travel to India since 2005, he said, “I had a rich conversa­tion with the railway minis­ter (Suresh Prabhu) about rail
(a part of NACCO Materi­als Handling Group, US); Astec Industries, US; Paceco safety. It is clearly a focus area. There is a lot that we can share in terms of best practices in design, safety features, public education and technology.” Foxx also met with Cyrus P. Mistry, chairman, Tata Sons, at the headquarters

 

Corp, US (a part of Mitsui Engineering and Shipbuild- i ing, Japan) and Mitsui Miike 1 Machinery Co, Japan (a part | of Mitsui group). Mazumder is also executive chairman, TIPL, (Tractors India Pvt Ltd), which distributes Caterpil­lar, USA, products in India, Nepal and Bhutan – which are used in earthmoving, construction, mining and power systems, til’s plant at Kolkata is the only purpose- built, mobile crane manu­facturing facility in India – a fully integrated facil­ity, which is ISO certified. ♦

of the Tata group, in Mum­bai. Among other issues discussed was the ‘opportu­nity to increase manufactur­ing (in automobile sector) in both the countries.’ Talk­ing about public transpor­tation in the US, Foxx said “In the last three months, we completed a survey on future transportation needs of the US. In some ways, we have the same challenges. Indie is growing faster than the US, population wise.” He added it is ‘encouraging’ to see the government o: India asking the ‘rigb questions’ on the issue c: road safety

and Ahmednagar. This wi.H change the entire landscape of the State. Port led growtfl will play a very impo tant role in the overall growth of the country whic is largely dependent on co: nectivity for industrializ tion and overall growth The entire coastline of Ind is 7600 kms of which kms is in Maharashtra. ”

State of Maharashtra w automatically develop if the coastal are have ports and can be connected with of Maharashtra through rail road conn: tion,” says Suresh Prabhu, Union Mir. ter for Railways. Government is also tak: significant steps for capacity enhanceme of private and non-major ports. This is :n 2nd MoU after Jaigad port which was signed 2014 for a 35 kms railway line connection

Rail Vikas Nigam Limited (RVNL) and Dighi Port Limited (DPL) have signed an MoU for creating a 33.6 km long railway line from Dighi to Roha integrating the region with Delhi-Mumbai Industrial Corridor. The Chief Minister of Maharash­tra, Devendra Fadnavis stressed that the most significant points of connectivity in the state are Yavatmal, Gadchiroli, Beed, Nanded.

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