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
 
 
Popular Search: list of goods taxed at 4% :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: cpt :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: TDS :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: VAT RATES
 
 
« Markets »
 FIIs will quit Indian markets if swords of GAAR, indirect transfer rules hang over their heads
 Markets end session on a firm note
 Asian markets rally, small savings rates hiked and more
 Market in the absence of volume is having a telling effect: CK Narayan
 Market to rally but no reforms seen in Budget says IL&FS
 Don't ignore tax-saving mutual funds in a beaten-down equity market
 Congress good performance may boost markets, states a study
 If markets don't work for everyone, we will be compromising the trajectory of India's growth: Ramesh Ramanathan, Chairman of Janalakshmi Social Services
 Markets need to prove that present rally is different
 Markets witness firm trades
 Markets trading mixed, TCS tumbles post Q2 nos

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 2012 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

Victorian Jewelry | Estate Jewelry | Handmade Jewelry | Rose Cut Diamond | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Fashion India | Fashion Garments | Fashion Shows | Fashion Designers | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions