Wednesday 30 April 2014

WeSchool matches 11 Swedish renewable energy companies with Indian partners

Aims to support the government’s initiative to reduce dependence on expensive imported fossil fuels 

April 25, 2014, Mumbai: The ‘India-Swedish Collaborations for Innovative Energy Solutions’ successfully concluded on April 23, 2014 at WeSchool campus in MumbaiThe initiative was led by India-Sweden Innovations´ Accelerator (ISIA), which is a bilateral program that will contribute to facilitating technology transfer and market entrance in India for Swedish innovative companies, focusing on scaling and adapting their technologies in the renewable energy space to the local context. This initiative aims to support Indian government’s plans to reduce dependence on fossil fuels and increase capacity of renewable energy.  The Ministry of New and Renewable Energy (MNRE) of India has made a plan for a capacity addition of about 30,000 MW power during the 12th Plan period (2012-17) from various renewable energy sources mostly through private sector participation in the country.   MNRE has also launched Jawaharlal Nehru National Solar Mission in January, 2010 aiming to 20,000 MW grid power from solar energy by March 31st 2022.

The initiative is supported by Swedish Energy AgencyBusiness Sweden and Confederation of Indian Industries (CII) – Green Business Centre, while Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool) and Mälardalen University are the academic partners.

Based on a 2009 EU directive to promote the development of renewable energy sources, Sweden aims to increase renewable energy to 50 per cent of national supply by 2020. The present figure is 48 per cent, largely thanks to the large proportion of hydropower and biofuels in the energy system. The 48 per cent figure for renewable energy – including electricity, district heating and fuel – is higher than that in most EU countries.

Renowned Indian energy companies like Sahara India Pariwar, Reliance Infrastructure Ltd, Tata Power, Ultratech etc attended the event seeking potential partnerships with Swedish counterparts like Opcon, S Solar, HiNation, FOV Biogas, Clean Motion etc in the form of joint ventures, mergers, acquisitions and the like. The initiative will be taken forward by 11 teams which will comprise of one Indian company and one Swedish company in each team.  The teams will also comprise of a total of 35 students from WeSchool and Institute for Future Education Entrepreneurship and Leadership (iFEEL), who would be working together for the next few months to create future proof business models that can be implemented in the Indian market. Such developments would help fulfill India’s alarming per capita power consumption which is estimated to have doubled from approximately 400 kWh in 2007 to almost 800 kWh in 2012, while the power generation capacity increased only 99GW in the past 11 years. India is an attractive market for renewable energy due to both the availability of high solar radiance, wind speeds, as well as the power deficit. Renewable energy lends itself to decentralized generation and distribution further makes it an attractive option for India.

Also, the technology innovations from Sweden included both Business to Business and Business to Customer solutions with emphasis on solutions for rural market as well.

Talking on the occasion, Prof Dr Uday Salunkhe, Group Director, WeSchool said, “Rapid development and population explosion has created a sharp gap between India’s demand and supply for energy. Being one of the worst hit nations due to climate change, it’s necessary to take steps that will help reduce dependency on conventional resources like coal and gas and explore deeper in the clean technology segment thereby reducing our carbon footprint. This initiative is an ideal platform to explore new avenues in renewable energy space using Sweden’s expertise and India’s vast resources like solar, small-hydro, biomass etc, to meet the energy requirements in a sustainable and affordable manner."

He added, "This is also a great opportunity for our students to work with these companies and get hands on experience in implementing their theoretical knowledge to practical use."

Mr Ludvig Lindstrom, Country Manager India, Swedish Energy Agency said, “Sweden’s objective to have a secure and sustainable energy ecosystem has lead to the country’s rapid developments in this space. Sweden is one of the few countries in the world with strong capabilities in the renewable energy and clean technology industry. So, today we aspire to spread our success to other global nations like India which is on a growth spree. India is struggling to suffice the energy requirements of its highly aspirational populace. This initiative would be a great opportunity for them to induce developments in the renewable energy space through collaborations with Swedish companies. We hope, this will help bring in innovative technologies that will meet India’s energy requirements at affordable rates and also boost bilateral relationship between both the countries.”

About WeSchool
Established in 1977, Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool) features among the premier Business Schools in India. Run by charitable Trust S.P. Mandali, Pune, all across the state of Maharashtra, WeSchool is ranked 15th out of 150 institutes in India as per the Annual Times B-School 2014 survey. The same survey has also ranked WeSchool as 7th best institute in the West zone and among the top 10 institutes recognized for providing exposure to latest developments in the corporate sector & management practices, quality of internships and emphasis laid on personality development.

WeSchool’s goal is to use the power of the amalgamation of design and management thinking and truly redesign the way education can make a meaningful difference to students, corporates and society that is visible through actions and outcome.

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Monday 28 April 2014

JSW Steel inaugurates India’s most modern COLD ROLLING MILL

First and Largest Facility of this Size & Magnitude in India

Mumbai, 25 April 2014: JSW Steel Limited today announced the launch of its Cold Roll Mill 2 (CRM-2) facility at Vijayanagar Works, Karnataka.

With India on road to becoming a global hub for Automobiles, the demand for High End Steel by the Auto Sector is likely to see an exponential growth.

The new CRM-2 complex, with a production Capacity of 2.3 million tonnes per annum (MTPA), is the most sophisticated plant by configuration with capability to produce high strength and advanced high strength steel, both in uncoated and coated (galvanized and galvannealed GI and GA) categories and wider width upto 1870mm.

The CRM-2 facility includes a Continuous Annealing Line, which is the first to startoperations in India.

JFE Steel, which has a 15% stake in JSW Steelhas been providing Technical assistance to develop various grades of Auto steel, including steel for external panels for automobiles, to meet the high demand from both domestic and international arena.

Dr Vinod Nowal, Deputy Managing Director, JSW Steel said, “The CRM-2 is equipped with the latest technology to produce continuously annealed CR upto a strength level of 980 MPA (UTS) and auto galvanizing line with capability to produce both GI & GA upto a strength level of 590 MPA (UTS). At present, the high strength and higher grades are mostly imported.”

JSW Steel has commissioned  the phase-1 of CRM-2 consisting of 2.3 MTPA Pickling Line Coupled with Tandem Cold Mill (PLTCM), 0.95 MTPA Continuous Annealing Line (CAL-1) and 0.4 MTPA Continuous Galvanising Line (CGL).

The phase-2 of the CRM-2 plant consisting of 0.95 MTPA CAL-2 is targeted to be commissioned during first half of FY16.The new plant will be the cornerstone of JSW Steel’s growth story enhancing the share of value added products in the product basket of the company.

About JSW Steel Limited:
JSW Steel, the flagship company of the JSW Group is India’s leading integrated steel manufacturer with a Capacity of 14.3 MTPA. It is one of the largest producers and exporters of coated flat products in the country with presence in over 100 countries across five continents.

With state-of-the-art manufacturing facilities at Toranagallu in Karnataka, supplemented by units at Dolvi, Vasind, Tarapur, Kalmeshwar in Maharashtra and Salem in Tamil Nadu; JSW Steel is recognised for its innovation and quality. It has entered into technological collaboration with Japan’s JFE Steel Corp, for manufacturing high grade steel for specific industry applications such as automobiles.

It offers an entire gamut of steel products – Hot Rolled Coils / MS Plates, Cold Rolled, Galvanized, Galvalume, Pre-painted Galvanised, Pre-painted Galvalume, TMT Rebars, Wire Rods & Special Steel Bars, Rounds & Blooms. JSW Steel has acquired a pipe and plate making steel mill in Baytown, Texas in USA.

It has also signed a joint venture agreement with Japan’s Marubeni-Itochu Steel Inc (MISI) to set up steel processing centres in India. The equal joint venture company is equipped to process flat steel products such as hot rolled, cold rolled steel and coated products to cater to the needs of automotive, white goods, construction and other value added segments.

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Thursday 10 April 2014

The Mega Show - it happens in India only!

The mega show in India every five years is the greatest show on earth, where 815 million people will vote to elect 543 members of parliament, where one party or group in the majority forms the stable or unstable government and the rest sit in the opposition. Is this a perfect or imperfect democracy is a different question. This is how India elects its MPs (members of parliament). From amongst whom the Prime Minister and the Ministers form the cabinet of the world’s largest democracy, is selected. And this happened since India gained Independence and became a republic.

The great Indian election carnival, the world’s largest democratic exercise starts from 7 April’14. The sheer size of the democratic exercise is mind boggling. The polling commences on 7 April and ends on 12 May’14 spread over 9 phases and 36 days. The poll verdict will be announced on16 May’14. The voting will be held in 543 constituencies with over 815 million voters, with over 23 million first-time voters. 11 million election personnel are likely to be deployed in 9,30,000 polling stations with over 14,68,430 electronic voting machines to be used for voting. Managing and conducting the elections peacefully is a major achievement by the Election Commission of India with the support of personnel and security forces to man the polling booths.

Area-wise Ladakh in Jammu & Kashmir with over 1,73,266.37 sq km is the largest constituency and voter-wise it is Outer Delhi is the largest constituency. And area-wise Chandni Chowk with 10.59 sq km is the smallest constituency and voter-wise Lakshadweep is the smallest constituency. The gender divide as per the Election Commission of India is, male form 52.4% and females form 47.6% of the total voters in India.

After this stupendous exercise, irrespective of who has the last laugh when the results are declared on 16 May, there will be a lot of action with no shortage of controversy, colour or entertainment in the great Indian elections. And the world’s largest democracy moves on.

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