| Sponsor: Online Development |
January 17,
2008 | Edited by Managing Editor: Wes Iversen |
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Manufacturing Drives India's Economic Growth
A stable and booming economy augurs well for an Indian manufacturing sector that is estimated to command a market capitalization of $520 billion by 2014-15.
India’s Gross Domestic Product (GDP) growth for the current year (April, 2007-March, 2008) is expected to be about 8.5 percent, while inflation is likely to be less than 5 percent, Reserve Bank of India (RBI) Governor Y V Reddy stated recently. Ensuring economic stability and keeping inflation in check were the highest priorities of the current macro-economic policy. “While there has been a significant increase in growth, our policies have emphasized stability,” Reddy said. “Global instability is a serious cause for concern.”
India is one of the few developing economies where inflation is under control, said Reddy. “Not many emerging market economies are without double-digit inflation.” Inflation had decreased from 9.6 percent in the 1990s to around 4.8 percent now... Read more
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Recent Deals Reinforce Importance of Automation Services
Emerson Process Management acquires The Automation Group, a Houston automation services supplier, while Honeywell Process Solutions lands a BP services contract...
Read more
Robot Vendor Adept Acquires Cerebellum Automation
The purchase of the France-based robotics solutions provider will expand Adept’s Western European footprint... Read more |
Opto 22 Announces First OptoGreen Grant
Makila Hydro LLC receives sponsorship to automate a Maui-based hydroelectric plant... Read more
SERCOS Internet Protocol Spec Released
The addition of Ethernet IP communication will ease the vertical integration of devices using SERCOS III production networks... Read more |
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daratechPLANT2008
Don't miss this unique opportunity to meet with your peers - O/Os and EPCs in the Chemical, Petrochemical, Power, Offshore and Shipbuilding industries.
Houston, TX, January 28-30. |
6th Annual Global RFID-ROI Summit 2008
This two day conference experience is made up of keynote conference sessions, and interactive workshops covering the length and breadth of the RFID arena.
Munich, Germany, January 29-30. |
ARC Advisory Group forum: Winning Strategies for Global Manufacturers
Don't miss this exciting opportunity to learn new ideas, build relationships with top industry leaders and gain knowledge to improve your company's strategies.
Orlando, FL, February 4-7. |
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