Machine Tools User Industry Updates – Q1 2017

April, 2017

www.feedbackconsulting.com

Section Page Background 04

Updates – Machine Tools User Industry

. Q1 2017 Update - Automobile & Auto Components 08

. Q1 2017 Update - Defence and Aerospace 16

. Q1 2017 Update - Mobile Handsets 21

. Q1 2017 Update - Consumer Durables 27

. Q1 2017 Update - Railways 32

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Client background

. The client, IMTMA, is the machine tools industry promotion agency in India representing international companies. It wants to provide regular updates on key industries to all prospective companies which route investment through this agency

Engagement background

. IMTMA wishes to conduct regular tracking of select user industries throughout the year. In this context, the agency approached “Feedback” to accomplish the tracking of select user industries through a structured approach and methodology

Automobile & Defence & Aerospace Energy & Power General Engineering** Auto Components

**General engineering industry: Major sub-sectors considered include textile machinery, Dies & Moulds Railways Consumer Durables Mobile Handsets rubber machinery, gears, pipes & tubes, transformers, compressors, pumps, motors and engines

. New Trends

. News that Impact the Industry

. Policies and their Impact

. New Investments List

New Trends Details

. January 2017 proved a mixed bag for the Indian automobile industry as some manufacturers reported higher sales numbers while others recorded flat or lower sales

Automobile industry is . Automakers gained from their new launches over the previous year, with Maruti Suzuki and Tata Motors posting optimistic on a robust growth of positive volumes in February over sustained demands. While Renault, Nissan and Hyundai continued to strengthen about 5-6% in 2017 their domestic shares, Ford posted more exports than domestic volumes

. Continued focus on infrastructure with an outlay of INR 3.96 lakh crore in the current budget will be a positive sign for the industry

. PV sales during January 2017 was about 265,320 units, an increase of 14.4% over December 2016 PV & CV segment posted a positive growth in January 2017 . In the CV segment, M&HCV sales were flat (0.61%) at 28,704 units in January, much better than the 22,788 units compared to December 2016 sold in December 2016 (-12.41%). The LCV segment saw the sales dip (1.86%) to 32,535 units

. Tata Motors is venturing into new areas driven by future technology and innovation, and has introduced its new sub brand “TAMO”. TAMO will operate as a new, separated vertical - in the first step on a low volume, low Tata Motors unveiled ‘TAMO’ investment model to provide fast-tracked proves of technologies and concepts an incubator for future mobility solutions . TAMO will act as an open platform to network with global start-ups and leading tech companies to get access to trends, innovations and solutions for the design of future products and services

. The industry will continue to go strong on mobility and analytics. In addition to this, it will be latching on to newer technologies including artificial intelligence and chat bots. 3D printing will start maturing with organizations adopting it for additive manufacturing. So, these are some of the technologies which will gain traction this year The industry looks for new efficiencies by leveraging technology . IoT and robotics are very relevant to the industry. IoT has not seen significant usage in the manufacturing space in India, but there is sporadic usage of these technologies in the industry . Ashok Leyland is focusing on chat bots, virtual reality and augmented reality while continuing with other technologies like mobility

Emphasis is on the zero-defect . The Indian auto components segment is fast upgrading itself in terms of R&D capabilities, manufacturing (products) and zero-effect (on technologies and worker skillsets, thanks to the new legislative requirements including the stringent environment) mantra with respect to upcoming BS-VI emission norms, which in particular mandates zero-defect products automotive components segment

. OK Play India, the plastic auto component maker, launched 8 e-vehicles which include passenger and commercial vehicles -- under brand E-Raaja. It is priced between INR 1.25-1.5 lakh and is in line with the OK Play India launched 8 e-vehicles government’s vision of 100% e-mobility by 2030 under the brand E-Raaja . Products launched are e-rickshaws, e-vending carts, e-mobile shops, e-loaders, e-garbage collectors, e-school buses and e-scooters

News Impact

Automobile industry looks for . Recent demonetization and ban on diesel cars with engines exceeding 2000 cc had an adverse impact on the quick respite automobile segment. Several car makers have seen very sluggish sales especially in luxury cars / large cars

. The industry is left with a huge inventory of BS-III vehicles whose value is estimated to be about INR 5,000 crore, according to Society of Indian Automobile Manufacturers (SIAM) Discounts on BS-III vehicles . SIAM said that over 1.2 lakh units of BS-III vehicles remained unsold across India. Most of these vehicles are either cause loss worth INR 1,200 commercial vehicles or two-wheelers, and are a part of dealers’ inventory crore to automakers . Post the Supreme Court hearing last month, which banned the sales and registration of all BS-III vehicles, many dealers and auto makers were forced to clear their existing inventory offering huge discounts. SIAM claims that these discounts have added up to a loss of over INR 1,200 crore

. Under FAME-India scheme of the government, the Department of Heavy Industry has extended demand incentives EV segment urges for at INR 127.77 crore for purchase of 1,11,897 electric/ hybrid vehicles since the inception of the scheme on 1 April, infrastructure development & 2015 till February, 2017 extension of FAME Policy . The FAME-India scheme is proposed to be implemented over a period of 6 years, till 2020, wherein it is intended to support the hybrid/ electric vehicles market development and its manufacturing eco-system to achieve self- sustenance at the end of the stipulated period

News Impact

. India’s automobile exports fell by 5% in 2016, yanked down by lower sales of two and three wheelers across various markets including Latin America and Africa Automobile exports from India . Two-wheeler and three-wheeler exports pulled down the overall exports during the past year even as overseas declined by 5% in 2016 shipments in segments like passenger vehicles and commercial vehicles grew in double digits. Major markets in Latin America and Africa continued to reel under high inflation and currency devaluation, thereby impacting demand for vehicles exported from India

VW said to renew India push . Volkswagen AG is in talks with Tata Motors to jointly develop vehicles for emerging markets. Volkswagen is with Tata Motors alliance talks exploring its brands and potential partners to enlarge product portfolio with tailor made solutions

Auto components segment . Crisil stated that the balance sheets of auto components suppliers are the strongest in a decade, which along with balance sheets strongest in a steady profitability and higher demand, will enable them to sustain their credit quality over the medium term decade

Policy Details

. With GST implementation, the standard tax rate of 17-18%, if accepted, will benefit small as well as big cars, since overall difference is inclined towards industry while the overall rates are expected to decrease GST on automobile industry . If the government puts small cars (except luxury cars) in standard goods and services category, price of small cars may reduce by 10%, while prices for luxury sedans and SUVs may see a drop of about 2-5%

. Sale or registration of BS III vehicles would stop from 1 April, 2017 Government emission policy . The government would explore more avenues for greener vehicles under the FAME or Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme

. Given that BS IV compliance will be mandatory for all CVs from 1 April, 2017, a sizeable amount of pre-buying was witnessed during March 2017

. Upgradation of unsold BS III CV inventory could lead to loss in earnings; exporting remains the only way out as per BS IV compliance - mandatory for ICRA all CVs from 1 April, 2017 . Indian commercial vehicles inventory, even after flash discounts for BS III vehicles, has piled up and the only option left is to export the inventory and upgrade the vehicles to BS IV. However, upgradation has various technical obstacles and export remains the only way out

Project Machine Project investmen Tools Completion No. Company Project State Start date status t (INR Potential date crore) (INR Crore)

Jharkhand Vehicle Jharkhan 1 Ashok Leyland Ltd. Announced NA NA Mar 2017 NA Manufacturing Unit d

Howrah E-Rickshaws West 2 Autohaus Pvt. Ltd. Announced 1300 234 Jan 2017 NA Manufacturing Line Bengal

J T Special Vehicles Coimbatore Tata cars Special Tamil 3 Announced NA NA Mar 2017 NA Pvt. Ltd. Performance Vehicles Line Nadu

K P I T Technologies Jamshedpur Automobile Park Jharkhan 4 Announced NA NA Mar 2017 NA Ltd. d

Kinetic Green Energy West Bengal Electirc Vehicles West 5 & Power Solutions Manufacturing Plant Announced 100 18 Jan 2017 NA Bengal Ltd.

Total 1,400 252

Machine Project Project Tools Completio S No. Company Name Project Name State Investment Start Date Status Potential n Date (INR Crore) (INR Crore)

Okinawa Autotech Multi Location E-Vehicle 1 Multi Announced 270 49 Jan 2017 NA Pvt. Ltd. Business Project

Chennai French Luxury Car 2 Peugeot Manufacturing Plant Tamil Nadu Announced 700 126 Jan 2017 NA Project

Automotive Components Sundaram-Clayton 3 Manufacturing Facility NA Announced 400 72 Feb 2017 NA Ltd Expansion Project

4 Ford India Pvt Ltd Wind Tunnel Facility Project NA Announced 1,263 227 Feb 2017 NA

Multi Location 1000 Electric Tata Power Delhi 5 Vehicle Charging Station Delhi NCR Announced NA NA Mar 2017 NA Distribution Ltd Project

Total 2,633 474

Machine Project S Project Tools Complet Company Name Project Name State Investment Start Date No. Status Potential ion Date (INR Crore) (INR Crore)

Pune Commercial Vehicle 6 Force Motors Ltd Maharashtra Announced 100 18 Jan 2017 NA Manufacturing Plant Project

Multi Location Auto Components 7 Sona Group Multi Announced 300 54 Mar 2017 NA Project

Jharkhand Commercial Vehicle 8 Ashok Leyland Ltd Jharkhand Announced 500 90 Mar 2017 NA Assembling Plant Project

TVS Motor Hosur 300cc Motorcycle Expansion 9 Tamil Nadu Announced 350 63 Mar 2017 NA Company Ltd Project

10 Volvo India Pvt Ltd Odisha Car Assembly Unit Project Odisha Announced NA NA Mar 2017 NA

Total 1,250 225

© Feedback Consulting - 2017 16 New Investments List: Auto Components Machine Project Tools Completion No. Company Project State Project status investment Start date Potential date (INR crore) (INR Crore) West Exide Industries 1 Haldia Motorcycle Batteries Line Bengal Announced 300 150 Jan 2017 Oct 2018 Ltd.

Jharkhand Railway Wheels Heavy Engineering 2 Manufacturing Plant Jharkhand Announced 50 25 Feb 2017 NA Corpn. Ltd.

Jamshedpur & Dharwad Auto 3 J M T Auto Ltd. Components Plants Expansion Jharkhand Announced 200 100 Mar 2017 Mar 2020

Gujarat Automotive Tyres, Tubes, 4 M R F Ltd. Flaps and Related Products Gujarat Announced 4,500 2,250 Jan 2017 Jan 2027 Manufacturing Plant

Jharkhand Auto Components and Ramakrishna 5 Spare Parts Plant Jharkhand Announced 538 270 Feb 2017 NA Forgings Ltd.

Total 5,588 2,795

. News Trend

. Policies and their Impact

. New Investments List

News Details

. Competition Commission approved the proposed joint venture between Anil Ambani led group firm Reliance Aerostructure and Rafale-maker Dassault Aviation, one of the major deals in India's private defence space Competition Commission cleared Reliance-Dassault . The combination relates to the setting up of a joint venture between Reliance Aero and Dassault. Dassault Reliance JV Aerospace Ltd. will have Reliance Aero holding 51% share, while the remaining 49% will be held by Dassault

. Reliance Group is targeting a business worth INR 30,000 crore as part of the offsets for the contract

. Reliance Defence has announced an agreement with the US Navy for repair and servicing of warships at the Pipavav Reliance Defence inked pact shipyard in Gujarat with US Navy to repair warships . The agreement will see warships from the US Navy's Seventh Fleet visiting the Indian facility for complex repair and alteration works

. Reliance Defence and Engineering Limited (RDEL) has won a contract to build 14 Fast Patrol Vessels (FPVs) for the Reliance Defence bagged Indian Coast Guard INR 916 crore contract from Defence Ministry . Under the ministry of defence contract, the FPVs will be designed and delivered at a cost of INR 916 crore

. The indigenous helmets will be procured from MKU, an Indian firm which supplies military equipments to the UN and Army to get 1.59 lakh NATO, according to Ministry of Defence (MOD) sources. These helmets are among many major equipment the army is ballistic helmets procuring through the ‘Make in India’ route

© Feedback Consulting - 2017 19 News Trends 2/2 News Details Godrej Aerospace is . Godrej Aerospace (GA), a business unit of Godrej & Boyce, is ready with a INR 200 crore facility for taking on new orders ready with INR 200 crore from defence and aerospace facility for defence . Godrej & Boyce has been building capacities to produce larger numbers of equipment and is completely geared for fresh business orders orders from ISRO and Ministry of Defence . Jindal Stainless Steel (Hissar) Ltd. will make steel for defence use under an agreement with the sate-run Defence Research & Jindal Stainless to make Development Organisation (DRDO) steel for defence use . The company’s High Nitrogen Steel (HNS) will replace imported Rolled Homogenous Armour (RHA) steel currently used in some weapons and combat vehicles. This will reduce the cost of acquisition of armour applications by 50%

India, France to set up . The centre will help train 1,600 Engineers and professionals in industry-specific skills in a bid to meet the rising demand for Aerospace and Defence ‘Make in India’ products in defence & aerospace Centre of Excellence in . As part of the above, two campuses will be set up by the Government of Karnataka along with French aerospace and Bangalore defence major Dassault Systems

Defence Ministry to . Reliance Infrastructure and Tata Power have been selected to develop areas on the border with Pakistan as part of a pilot spend INR 20,000 crore project of the Defence Ministry for a total cost of INR 20,000 crore for tech upgrade of . Under the project, the Defence Ministry plans to deploy long-range radars, unmanned aerial vehicles (UAVs), sensors and strategic borders CCTVs among others that will enable the BSF to guard the international borders, located in difficult terrain, more efficiently . INR 17,000 crore deal with Isreal has been cleared by the government for jointly developing a medium-range surface-to-air India cleared INR 17,000 missile (MR-SAM) for the army, reflecting India's fast growing defence ties with the Jewish nation crore missile deal with Israel . The project will be implemented by the DRDO (Defence Research and Development Organisation)and Israeli Aircraft Industry (IAI)

Policy Impact

Maharashtra announced a draft policy for defence manufacturing:

. The Maharashtra government has unveiled a policy for defence & aerospace manufacturing industry with an aim to attract an investment of USD 2 billion in the next five years . The proposed policy would be a major help to micro, small and medium enterprises to set up defence manufacturing units in the state . The policy also proposes to include the industry in the essential services under the Maharashtra Essential Services and Maintenance . The highlight of the policy is INR 1,000 crore fund to help manufacturers in Act the defence segment

. The draft policy provides a number of fiscal and other incentives to . The policy would enable an investment of USD 5 million in Maharashtra, industry players, such as a subsidy of up to 50% gross in value-added which would create approximately one lakh jobs tax (VAT) and 100% in central sales tax (CST) for 10 years for projects with investment up to INR 500 crore. The period can be extended by three years. All industries under this policy will be exempted from electricity duty (for 15 years), stamp duty and entry tax/ local body tax

Project Machine S Project Investmen Tools Completion Company Name Project Name State Start Date No. Status t (INR Potential Date Crore) (INR Crore)

Defense Research & 1 Morena Defense Unit Project Madhya Pradesh Announced 1,500 450 Jan 2017 NA Development Organisation

Tuem Aerospace & Defense 2 Aequs Aerospace Pvt Ltd Goa Announced 500 150 Feb 2017 Feb 2019 Manufacturing Facility Project

Kalyani Strategic Systems Defense Manufacturing facility 3 Ltd, Israel Aerospace NA Announced NA NA Feb 2017 NA Project Industries (JV)

Defense Equipment Pune Defense Electronics 4 Maharashtra Announced NA NA Feb 2017 NA Manufacturers Association Manufacturing Cluster Project

Machine Project Tools Start Completio S No. Company Name Project Name State Project Status Investment Potential Date n Date (INR Crore) (INR Crore)

Assembly/Manufacturing Base 5 3F Industries Ltd Multi Announced 500 150 Jan 2017 NA Plant Project

Airbus Group India Goa MRO Helicopter Facility 6 Goa Announced 2,000 600 Jan 2017 NA Pvt. Ltd. Project

Pune Indigenous Jet Engine Lab 7 Kalyani Group Maharashtra Announced NA NA Jan 2017 NA Project

Boeing International Boeing Defense India 8 Corporation India NA Announced NA NA Feb 2017 NA Manufacturing Plant Project Pvt. Ltd.

Vikram Sarabhai Space Centre Vikram Sarabhai 9 Hypersonic Wind Tunnel Facility Kerala Announced NA NA Mar 2017 NA Space Centre Project

Machine Project Project Tools Start Complet S No. Company Name Project Name State Investment Status Potential Date ion Date (INR Crore) (INR Crore)

Government of Jejuri Defense Equipment Facility 10 Maharashtra Announced 500 150 Mar 2017 NA Maharashtra Production Project

Government of Ahmednagar Defense Equipment 11 Maharashtra Announced NA NA Mar 2017 NA Maharashtra Facility Production Project

Government of Vatluru VEM Aerocity Defense Spare Andhra 12 Announced NA NA Mar 2017 NA Andhra Pradesh Parts Manufacturing Project Pradesh

Godrej Aerospace (GA), a business unit of Godrej & Boyce – Building capacities 13 Godrej Aerospace NA Announced 200 60 NA NA to produce larger numbers of equipment

Total 5,200 1,560

. News Trend

. Policies and their Impact

. New Investments List

News Details

. Feature phones dominated total handset shipments in India in 2016 and this trend is expected to continue in 2017. Migration from basic devices to smartphones slowed due to affordability, durability and longer battery life. Also, low cost 4G feature Low cost 4G feature phones could further stall the move to smartphones phones may keep . With the support for mobile banking and 4G capabilities (likely in 2017), feature phones will remain popular in the Indian lead over market even in 2017 smartphones . It is estimated that smartphone sales to grow about 15% to 125 million in 2017 led by Chinese handset makers, from an expected 5% growth in 2016

2017 - High growth . It is expected that 2017 will be another high-growth year for the Indian mobile phone industry. With the ever-expanding year for mobile cellular infrastructure enabling high-speed internet and greater digital penetration across hitherto untapped geographies, the phones country will more and more users adopting mobility-based connectivity solutions to become a part of the digital wave

. With the world shifting rapidly towards mobility, virtual reality/augmented reality and IoT technologies to become more Demand for 4G and relevant to mobile phones in 2017 VoLTE-enabled devices to grow . Another trend to watch for is the growth of 4G devices - With mobile operators offering high-speed 4G connectivity at prices comparable to 3G, the demand for 4G and VoLTE-enabled devices will witness an exponential increase in 2017

Government . Government has approved Rs 681 crore as seed capital for building a total corpus of Rs over Rs 6,800 crore under the approved electronics electronic development fund meant to support entrepreneurship and innovation in electronics and IT development fund of . The electronic development fund will contribute to various funds under it for those who invest the money in companies for INR 6,831 crore creation of intellectual property rights in the field of electronics and IT

. Prices of mobile handsets could go up marginally, by at least 1%, since the government has proposed levy customs duty on a component that makes up more than a fourth of the cost of making a phone. Some handset makers Prices of mobile phones are set though said they could absorb the additional cost in a bid to be competitive in the crowded market to go up . The government has proposed to impose a 2% special additional duty (SAD) on imports of populated printed circuit boards (PCB) used for mobile phones, as part of its announcements for ‘Make in India’ in the Union Budget of 2017-18

20 crore mobile handsets to be . In 2017, of the 270 million (27 crore) mobile handsets to be shipped, 200 million (20 crore) will be made out of made out of India in 2017 India, according to a CMR report

Government to incentivize the . The Indian government is likely to offer an incentive of INR 26 per handset to be made out of India, as around 70% 'Make-in-India' mobile handset of the allocated INR 745 crore worth of incentives for electronics manufacturing is set to go to mobile handset priced at INR 26 manufactures, based on the proportion of electronics being produced out of India

. Handset maker Gionee is firm on its plans to manufacture mobile phones in India despite disruptions due to Gionee firm plans manufacturing demonetisation in India post demonetisation . The company is planning to set up a manufacturing unit spread across 50 acres in Faridabad at a cost of INR 500 crore

Apple to start India . Apple’s Taiwanese manufacturing partner Wistron Corp. is setting up a plant in Bangalore to focus solely on manufacturing in coming months assembling iPhones

News Details

. Prices of smartphones are expected to go up by nearly a fourth this year, owing to rising cost of components and the proposed change in tax structure under the goods and services tax (GST) regime Smartphone prices may rise

up to 25% under GST regime . Handset makers in India are awaiting goods and services tax (GST) rates, which will help them finalise their ‘Make in India’ and expansion plans in the country

. New range of Nokia branded smartphones will be available in India by June, at prices likely lower than those available Nokia to hit market by this globally and all the devices will be made locally June . Foxconn will make all models sold in the market locally as the company aims to take a place amongst top smartphone players in the coming years

. 2016 saw every major mobile brand and manufacturer becoming a part of the ‘Make in India’ initiative. As per media Make in India to gain reports, over 20 mobile phone brands are now assembling their parts in India, and the trend is expected to continue momentum in 2017 and gain momentum in 2017

Policy Impact

. The government's move to levy custom duties on PCBs may be seen as an attempt to force handset manufacturers to make circuit boards in India or buy Indian-made PCBs, as currently the majority of handset companies only assemble phones in the country The government has imposed Special Additional Duty (SAD) on populated printed . Ironically, the move will only affect those manufacturers who 'Make in India', and those import their circuit boards (PCBs) for use in the handsets in entirety are unlikely to be affected. It is possible that this cost burden will not be passed manufacturing of mobile phones onto the consumer in the form of a price hike, and that manufacturers absorb the increased costs themselves. It may also be that 'unpopulated' PCBs are imported instead as a loophole to the new regulation

. The Department of Telecom is planning to start work on the new telecom policy from 2017 to Telecom policy reforms facilitate growth of the sector and meet requirements of next generation technologies

. No new projects announced in the quarter

. New Trends

. News that Impact the Industry

. Policies and their Impact

. New Investments List

New trends Details

. Consumer durable industry expects government to give out incentives to consumers and manufacturers to Consumer durables: Incentivize energy shift towards higher star rated products. This eventually promotes domestic manufacturing and boost efficient Products consumer sentiment while mitigating the impact of demonetization. Consumer durables are expected to be under 18% GST slab

. Post demonetization, durable makers are gearing up for summer sales which constitutes a big chunk to the Consumer durables pin hopes on digital sales of cooling products such as refrigerators and air-conditioners, especially from cities where consumers payments with summer rush have switched to digital payments

. Consumer goods manufacturers are working on strategies for rural markets, where they expect demand FMCG, consumer durable companies from budget sops. Finance Minister has proposed to spend more on the rural side with an aim to double look to tap rural market the farmers’ income in five years. Further, with cut in income tax targeting mainly the small tax payers and

rural consumers expecting to have more cash in hand, companies expect growth will return to rural market

News Impact

Imports are eroding component supply base in India in consumer . Basic customs duty on appliances & consumer electronics may rise up to 20% to discourage imports electronics

. Downward trend across industries like financial services, IT & Telecom, etc., symbolized by fall in growth Auto, private lending and rate of employment, white collar job creation is seen to follow suit consumer durables industries to suffer as more white-collar jobs . As consumer durables industry rely primarily on salaried class, opportunities are supposed to get restricted are lost in short run

. The industry is one of the most important industries in India, which not only provides employment to Long term outlook seems millions of people, but is also the driving force for stimulating rapid economic growth optimistic for consumer durables industry . The expansion in communication and infrastructural facilities coupled with increasing per-capita income

among the people will lead to surging demands for consumer durables in the country

Policy Impact

. EHTPs are duty free. Bonded areas and custom exemptions are extended accordingly

. This will reduce cost of transportation/ logistics and result in maintaining effective supply chain. They are allowed the facility to use all duty free equipment/ goods for training purposes. Setting up of Electronic Hardware Technology Parks (EHTPs) . This will help these units in developing skills of their employees.

. At present, EHTP units are permitted to transfer capital goods to other EOUs, EHTPs, STPs, SEZ units and facility has been provided that if such transferred capital goods are rejected by the recipient, then the same can be returned to the supplying unit, without payment of duty

Policies like Make in India, National . With policies like ‘Make in India’, the government has received about USD 63 billion in Foreign Direct Electronics Mission and Digital India Investment surpassing USA & China

Machine Project Project Tools Completion No. Company Project State investment Start date status Potential (INR date (INR crore) Crore)

Super Plastronics Gujarat (Kodak) HD LED TVs 1 Gujarat Announced 300 100 Jan 2017 Jan 2022 Pvt. Ltd. Manufacturing Plant

Syska Led Lights Maharashtra Electric Personal 2 Maharashtra Announced 150 50 Feb 2017 Dec 2017 Pvt. Ltd. Care Products Plant

Foxconn Ahmedabad Apple Products 3 Technology India Gujarat Announced NA NA Jan 2017 NA Manufacturing Unit Project Pvt. Ltd. Huawei Telecommunicatio Chennai Smart Phones 4 Tamil Nadu Announced NA NA Jan 2017 NA ns India Company Manufacturing Facility Project Pvt. Ltd. Madhya Pradesh Smart-Phones, Intex Technologies 5 Air Conditioners & Consumer Madhya Pradesh Announced NA NA Mar 2017 NA India Ltd. Durable Plant Project

Total 450 150

. News that Impact the Industry

. New Investments List

News Impact

Indian Railways to manufacture own . According to the INR 200 crore project, two trainsets will be manufactured in collaboration with foreign trainsets running at 160 kmph in players on transfer of technology basis, for which the ICF has floated a fresh global tender Chennai

Gujarat inks INR 66000 crore MoU . Out of the total cost of INR 1.10 lakh crore for high-speed bullet train project, Gujarat government to get 70% with railways for manufacturing share parts of bullet train

Swiss firm Stadler to set up rail coach . Switzerland-headquartered Stadler Rail AG has come forward to set up a locomotive and rail coach unit in Vizag manufacturing unit in Visakhapatnam district

. Italy is sending a 200-member delegation to India in April 2017 to scout for investment in railways and Italy eyes investments in Indian manufacturing Railways, manufacturing . The business delegation’s visit is part of efforts to restart engagement under ‘Make in India’ to boost domestic industry and fuel growth

Railways to float INR 8,000 crore . As part of a strategy to reduce its electricity bills, Indian Railways plans to award tenders worth around INR tenders for transmission network 8,000 crore to set up a dedicated electricity transmission network

. According to Indian Railways’ Mission 41k initiative, the national carrier will electrify 24,000 km of rail tracks Prabhu unveils 10-year energy plan over the next five years by doubling the annual rate of electrification from 2,000 km to 4,000 km in the next for railways to save INR 41,000 crore two years

Machine Project Tools Start Complet S No. Company Name Project Name State Project Status Investment Potential Date ion Date (INR Crore) (INR Crore)

Heavy Engineering Jharkhand Railway Wheels 1 Jharkhand Announced 50 5 Feb 2017 NA Corporation Ltd Manufacturing Plant Project

Jharkhand Railway Freight Wagon 2 Akis Tech Ltd Jharkhand Announced 300 30 Feb 2017 NA Manufacturing Unit Project

Total 350 35

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