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News Release from: Renishaw
Edited by the Manufacturingtalk Editorial
Team on 17 January 2008
Investing in India - metrology
experiences
To promote business co-operation between the UK and India, Renishaw related its Indian investments experiences at the 'Advanced Engineering Summit' this week.
The UK Government's Trade and Investment organisation (UKTI) invited measurement company Renishaw to speak about its experiences of investing in India at this week's Advanced Engineering Summit in New Delhi, India The event is part of a high-profile initiative to promote business co-operation between the UK and India
This article was originally published on Manufacturingtalk on 7 Mar 2001 at 8.00am (UK)
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A large delegation led by Digby, Lord Jones of Birmingham, Minister for Trade and Investment, took part in the annual international Partnership Summit organised by the Confederation of Indian Industry (CII).
Participating companies, including Renishaw, had the opportunity to network with Indian companies and government decision makers.
Renishaw's speaker at the Advanced Engineering Summit event, Renishaw's assistant chief executive, Ben Taylor, outlined Renishaw's history of investments in India.
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These included the setting up of a wholly owned trading company in Bangalore in 2000, and the company's recent investment in a 100% Export Orientated Unit (EOU) based in Pune.
The latter manufactures a limited range of components that were previously procured, and products where assembly costs are critical to competitiveness.
Within India, Renishaw has also set up a procurement operation to directly source high quality components from Indian vendors.
Also a development team specialising in metrology software has also been formed.
The sales and marketing operation for India is focused in Bangalore, with regional offices in Delhi (Gurgaon) and Pune, supported by resident sales engineers in other important industrial centres.
More than 20 high profile UK engineering companies will attend the Advanced Engineering Summit, including Airbus, BAe Systems, Caterpillar, Cosworth, Lotus Engineering and Rolls Royce.
* About Renishaw - Renishaw is a world leader in metrology and spectroscopy technologies.
It has been honoured with twelve Queen's Awards to date, recognising Technological Achievement, Export Achievement and, most recently, for Enterprise in the Innovations category.
In February 2007, the company was honoured with the 'Innovation in industry' award at the prestigious Best of British Industry Awards.
Renishaw's probe systems for co-ordinate measuring machines (CMMs) are an industry standard for post-process inspection, whilst probes for machine tools automate tool setting, workpiece set-up and in-process gauging on machining centres and CNC lathes.
Other product lines include laser calibration systems for machine performance control, 3D scanning systems for dental and reverse engineering applications, linear and rotary position encoders, and Raman microscopes for spectral analysis of materials.
In the year to 30 June 2007, Renishaw generated turnover of GBP 180.9 million and profit before tax of GBP 32.7 million.
The Renishaw Group currently has 51 locations in 30 countries, with over 2,100 employees worldwide. Request free introductory details about products from Renishaw ...
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