Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: TDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ACCOUNTING STANDARDS :: VAT Audit :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: due date for vat payment
 
 
« Markets »
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?
 Sebi mulls allowing foreign VCs in infra investment firms

India as next growth market: Finnish tech
December, 03rd 2010

The Finnish Metso Group, a global supplier of technology and services for mining, construction, pulp and paper industries, is expanding its range of products and services in India.

Mr Bertel Langenskiold, President, Paper and Fibre Technology, said India, one of the fastest growing markets for pulp and paper is important for Metso's growth. It will expand its products and services across all its areas of operations.

Mr Langenskiold who was in Chennai to address the 27 {+t} {+h} Metso Pulp and Paper Customer Days 2010, which for the first time is being organised in India, said, I would guess that the next major investment would relate to service side for pulp and paper and mining industry. I cannot say any numbers on how much, but it has to match the growth planned. Metso is confident that its growth in these areas in India will exceed the industry growth rate of about 7 per cent.

The Metso Park coming up in Rajasthan, will start with manufacturing facility for mining and construction and extend to other product lines. Metso Power, launched to manufacture boilers, will handle the engineering and outsource manufacturing to Indian partners, he said.

Orders for Power unit

Mr N.K. Jain, Director, Sales & CRM, Metso Paper, said that Metso Power India, launched in Chennai in 2008, for the supply of recovery boiler for pulp and paper industry recently bagged a 12 million (Rs 71.53 crore) order from Grasim Industries. It will supply boiler for the Harihar unit in Davangere, Karnataka. This is Metso Power's first order in the pulp and paper sector in India. It will soon get into power generation boilers also, he said.

Addressing the meeting, Mr Langenskiold said that India is a strategic market for Metso in pulp and paper and other sectors. The group, which had started out in Scandinavia, had, in the last decade established a manufacturing network in China. While it has been in India since 1980s, it renewed its focus in the pulp and paper industry in 2000.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions