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CUTTING AND WELDING EQUIPMENT EXPO

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INTERNATIONAL MACHINE TOOLS EXPO USED MACHINERY EXPO

EXPO

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ENGINEERING AND MANUFACTURING EXPO

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EXPO

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GRAND BUSINESS CARNIVAL FOR METAL, MACHINERY AND MANUFACTURING INDUSTRIES

3-5 September 2021 Bombay Exhibition Centre, Mumbai, India

March 25, 2021

INDEX

INDUSTRY NEWS.............................................................................. 3 - 9

10 - 17

18 - 19

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21 - 27

28

29 - 32

INDUSTRY UPDATES.........................................................................

NEW TECHNOLOGIES.........................................................................

PARTNERSHIP OPPORTUNITIES........................................................

MEDIA SPEAK....................................................................................

GRAND BUSINESS CARNIVAL FOR

METAL MACHINERY & MANUFACTURING INDUSTRY.........................

SOME LEADING COMPANIES AT THE EVENT........................................

INDUSTRY NEWS

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India administers over 30 lakhs vaccines in a day, highest so far

In its fight against the COVID-19 pandemic, India has crossed an important milestone of administering over 3.29 crore vaccine doses, the Union Health Ministry said.A total of 3,29,47,432 vaccine doses have been given till 16th March 8 am, according to the union health ministry's website.India adminstered 30,39,394 lakh covid vaccines on 15th March, its highest in a day.The vaccination of beneficiaries aged over 60 has touched 1 crore within 15 days, the ministry said.Of the total 30,39,394 doses given in a span of 24 hours on March 15, 26,27,099 beneficiaries have been administered the 1st dose and 4,12,295 individuals have been given the 2nd dose, according to the data compiled at 7 am.Of the cumulative 3,29,47,432 doses which have been administered till now, 2,70,79,484 beneficiaries received the 1st dose and 58,67,948 individuals have taken the 2nd dose.The countrywide vaccination drive was rolled out on January 16 with healthcare workers getting inoculated and vaccination of the frontline workers started from February 2.The next phase of COVID-19 vaccination has commenced from March 1 for those who are over 60 years of age and for people aged 45 and above with specified comorbid conditions.

- Mint

Hyderabad-headquartered Gland Pharma on Tuesday said it had inked a pact with Russian Direct Investment Fund (RDIF) to supply 252 million doses of the Covid-19 vaccine Sputnik V.This is part of the Russian sovereign wealth fund’s efforts to increase manufacturing capacities in India to make for the country and to augment global supplies.Sources said Bengaluru-based Strides Pharma Science, too, is in fray for contract manufacturing the Sputnik V. Another Hyderabad-based player, Hetero, will supply 100 million doses of the vaccine.RDIF has lined up 250 million doses for India over the next 12 months, and the rest will be for global supplies.Strides did not wish to comment on the matter.Sputnik V has shown 91.6 per cent efficacy in trials, much higher than the efficacy of Covishield, the AstraZeneca-Oxford vaccine made by Serum Institute of India (SII), and Covaxin made by Bharat Biotech, which are currently being administered in India.After Tuesday’s announcement, shares of Gland Pharma rose about 7 per cent on the BSE, while shares of Dr Reddy’s Laboratories (DRL), RDIF’s Indian partner, too, were up 2.4 per cent.The Sputnik V is under review for emergency use authorisation in India. It will be marketed in India by DRL, which is also working with RDIF to conduct bridge clinical trials to establish safety and immunogenicity of the

Sputnik V on Indians. The Indian expert panel on vaccines has asked DRL to provide more data on immunogenicity.Covishield has an efficacy of around 53 per cent if the two doses are administered four weeks apart, while a longer gap of 12 weeks can raise efficacy to 79 per cent.Oxford-AstraZeneca had said the vaccine has a 62 per cent efficacy overall. Covaxin, on the other hand, has 80.6 per cent efficacy, according to interim data from phase-3 clinical trial.China’s Fosun-backed GlandPharmaceuticals said production is expected to commence from the third quarter of 2021 for estimated deliveries starting from the fourth quarter. Gland Pharma will first undertake technology transfer of the drug substance to its manufacturing facilities. After that it will manufacture the drug substance and drug product filling into vials under aseptic conditions. Gland Pharma already makes sterile injectables at significant scale.DRL had said earlier that RDIF has lined up 250 million doses of Sputnik V for Indian citizens from various manufacturing partners over the next 12 months.The remaining doses would be exported to 51 countries, where the Sputnik V already has approval.In November Kirill Dimitriev, RDIF CEO, had said that the plan was to supply 500,000 million courses or one billion doses globally thro¬ugh manufacturing partnerships.Without divulging details of capacities planned in each country, Dimitriev had said that the firm had forged partnerships in India,

India emerges global manufacturing hub for Covid-19 vaccine Sputnik V

4

China, Brazil, South Korea, Hungary, and some other countries.RDIF has indicated that to make the logistics easy, a variant is being developed that would remain stable at 2-8 degree Celsius. This will be a lyophilised version, added Dimitriev. Lyophilisation, or freeze drying as it is commonly known, is a process of low temperature dehydration that involves freezing the product, lowering pressure and then removing ice by sublimation. This is in contrast to dehydration, which involves evaporation of water by using heat.So, having the Sputnik V in the dry form would reduce logistical hurdlessignificantly. It now requires a temperature of -18 degree Celsius to remain stable.Sputnik V, developed by the Gamaleya National Research Institute ofEpidemiology and Microbiology, became the World’s first registered Covid-19 vaccine based on the human adenoviral vector platform.

– Business Standard

Centre directs states to operate all private hospitals as vaccination sites

The Centre on Tuesday directed states to utilise full capacity of private hospitals to operate as vaccination sites, as India entered Day 2 of the second phase of the inoculation drive today. All private hospitals that are not empanelled under the Central government schemes are now permitted to operate as vaccination sites.More than 1.48 crore doses of the COVID-19 vaccine were administered till 1 pm today since the second phase of the inoculation drive kickstarted Monday, the government informed. Out of this, 2,08,791 people are above the age of 60 or are aged between 45-60 with comorbidities. Also, the government has received 50 lakh registrations on CoWIN for COVID-19 vaccination so far.Addressing a press briefing, Health Secretary Rajesh Bhushan further said that although

certain states in the country have seen a surge in the number of active cases, the recovered cases are more than 97 per cent and the active cases are still less than 2 per cent. He added that the COVID-19 pandemic is close to being under control with India’s overall case positivity at 5.11 per cent. “According to the World Health Organisation, if 140 tests per million are being conducted per day and the case positivity rate is at 5 per cent or below, it means the COVID-19 pandemic is under control. We are very close to that mark at 5.11 per cent overall case positivity”.Meanwhile, India’s Covid-19 tally surpassed 1.12 crore on Tuesday with 12,286 new infections. More than half of these, or 6,397 cases, were detected in Maharashtra. Kerala reported 1,938 cases. At least 97 deaths were reported on Monday, taking the toll in the country to over 1.57 lakh. Apart from Maharashtra and Kerala, the other states reporting an uptick in daily cases are Punjab, Gujarat, Chhattisgarh, West Bengal, Jammu & Kashmir and Madhya Pradesh.

– The Indian Express

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The day India started coronavirusvaccinations, Amit Mehra’s name was on the priority list. But he never made anappointment. “I’m not inclined to getvaccinated just because it’s available,” says the 47-year-old Delhi hospital worker.Two and a half thousand miles away, strolling past a popup inoculation centre near Red Square in Moscow, Magomed Zurabov is similarly reluctant. Suspicious that the pandemic was deliberately engineered, he has no intention of being vaccinated, he says. Instead, he is “taking the necessaryprecautions”: wearing a mask and using disinfectant.As vaccinations rates soar in Israel, the UK, the United Arab Emirates and other countries that have monopolised supply, and poorer nations make do with a trickle of doses, a third category are beginning long climbs. Supply is less of an issue in Russia, China or India, all of which produce their own vaccines. But their respective government programmes have had slow starts, and there has been little public clamour to speed things up.“People have not shown that eagerness and urgency to be vaccinated,” says Ajeet Jain, a doctor at the Rajiv Gandhi Super Speciality hospital in Delhi. “India is going through that phase where the disease is no longer prevalent except in a few states. People are relaxed that the disease is over from their point of view.”The experience of India, Russia and China

may prove, in time, to be typical. Even once vaccine shortages are alleviated, much of the world could still take years to achieve w i d e s p r e a d C o v i d - 1 9 v a c c i n a t i o n , encumbered by the challenges of reaching vast and far-flung populations, lack of interest from the public and other, more pressing health priorities.Some countries may shake off growing pains: India’s rollout has accelerated in the past fortnight, with private clinics enlisted to help administer shots and new groups, including anyone over 60, invited to make appointments. The programme hit 3m doses a day this week which, if maintained, would put it within reach of its target of vaccinating 20% of the population by August.Uptake was slower than expected among the 30 million healthcare and frontline workers who were prioritised for the first round of doses, with some hesitant about receiving Covaxin, a locally developed vaccine that was pressed into use before the release of phase 3 trial results. (Interim data has since shown that it is 81% effective.)“That caused quite a bit of confusion, as a result of which healthcare workers who were supposed to be vaccinated in the first round, and who understood this process a little better than other people, didn’t come forward as much as they should have,” says Dr Shahid Jameel, a virologist and director of the Trivedi school of biosciences at Ashoka University.India has also held off from deploying its entire workforce of vaccine deliverers to fight Covid-19, keeping about half at work administering jabs for other deadly diseases, Jameel says. “There is a chi ldhood

immunisation programme, there is one for pregnant mothers, and they have to go on unhindered despite Covid.”The most significant impediment may be that, since September, virus rates in India have dropped steeply. And in a country with a median age of about 28, Covid-19 has not proved especially deadly, implicated in about 160,000 recorded deaths, a third of the number of Indians who die from tuberculosis each year. Signs of a second wave taking off in the past week may change the calculation for some.“Look at death rates in South Asia and you’ll know why people are not dying to get vaccinated,” says Oommen C Kurian, a senior fel low at Delhi ’s Observer Research Foundation thinktank. “Their sense of risk is considerably lower than, say, a Londoner.”The same is true for the average resident of Beijing, though not for demographic reasons. China has employed blunt but effective quarantine measures to contain Sars-CoV-2 successfully, and life in the country has largely returned to normal. Though it authorised its first vaccines for emergency use in July, just 4% of the country has been vaccinated so far.“One of the most important contributors is this perception that China has a low risk of infection,” said Yanzhong Huan, director of the Center for Global Health Studies at Seton Hall University in New Jersey. “So people think, why bother to get vaccinated? We’re already safe.”The country aims to inoculate 40% of its population by July, a target that will require administering about 4m shots a day, up from

Why home-produced Covid vaccine hasn't helped India, Russia and China rollouts

6

about 640,000 a day on the latest public figures.But Beijing must also balance commitments to supply at least 463m doses to countries overseas, many of them donations to strategic partners. So far, it is under little pressure to hoard those vaccines for use at home. “People view this as an example of China being a global leader, something that showcases China being a responsible and reliable great power,” Huang says.Russia has been hit harder by the virus, losing 90,000 lives on official figures thought to be a significant underestimate. But there, too, uptake of the vaccine is tracking well short of government targets of inoculating 60% of the population by mid-year.A poll of Russians this month found that two-thirds were unwilling to receive the locally developed Sputnik-V shot, in spite of peer-reviewed research suggesting that it is safe and effective. Their scepticism extended to the origins of the coronavirus, with 64% believing that it was a biological weapon, the independent poll said. (Most virologists disagree and say there is no evidence that the virus was engineered.)Lack of trust in the Russian government is a key hurdle, says Sergei Rybakov, a representative of the Doctors’ alliance, an opposition-linked medical union that has criticised the official response to the pandemic. Though the state has marketed Sputnik-V overseas, including with its own Twitter account, it has done less to promote the vaccine among Russians, he says.“The task of the state is to show that the

vaccine is necessary, the vaccine is safe. In Russia this hasn’t been done to the extent it needs to be,” Rybakov said. “You need to show people that not getting the vaccine is more dangerous than getting it.”Similar hurdles are likely to slow rollouts elsewhere, too, as countries assemble one of the largest logistical operations most have ever undertaken. Even once supplies are secured, some may struggle for years to reach the 70% of the population thought to be required for herd immunity, says Babak Javid, an infectious diseases scientist at the University of California, San Francisco.They might focus their efforts instead on reaching healthcare workers and the most vulnerable, he says. “You’re not going to eliminate Covid deaths, but you’ll eliminate the likelihood of healthcare infrastructure being overwhelmed.”

– The Guardian

The Council of Indian ExhibitionOrganizers(CIEO) has started a ‘Signature Campaign’ to collectively represent to government on the below mentionedimmediate concerns of the Exhibitionindustry.Revision of SOP’s by increasing salable area and being more supportive for reopening and revival of exhibition industry.To consider reduced rentals at Pragati Maidan, not only for self organized events by ITPO, but also for Organizers hiring the Venue.Next two financials years be categorized in the category of “Lean Period” for Exhibitions and include the sector in support schemes by Government to revive the Exhibitions.Direction to consider waiver of cancellation and penal charges for Organizers.

CIEO initiates Signature Campaign for revival of Exhibition Industry

The government SOP’s issued on 31st January 2021 for conducting Exhibitions in India has added to the woes of the Exhibition Organizers, as implementation of the given SOP shall lead to reduced saleable area thus decreased income and increased operation costs and lower confidence for thestakeholders. This shall also makeorganizing Exhibitions economicallyunviable and may also lead to closure of many small Exhibition businesses, loss of jobs etc.Ms. Seema Srivastava, Steering Committee Member of CIEO and the brain behind the campaign says “It is imperative that the role played by Exhibi t ions in generat ing employment, influencing regional economic activity in multiple sectors like Hotel industry, Airlines, Travel and Tourism, Tax revenue for state/region are highlighted to authorities enabling them to take supportive decisions benefitting the industry”. Seema further adds “The same can be achieved only through focused and collective effort fromorganizers without any dilution to the gravity of the matter by mixing it with issues of other multiple service segments required for exhibition industry”.Council of Indian Exhibition Organizers (CIEO), an exclusive platform representing organizers, endorsed by over 100 leading Trade Fair/B2B/Conference organizers, has taken up the responsibility to address the concerns and create a focus group whereby the industry can get acknowledged as organized sector and attain Government attention.

– Exhibition Showcase

To push business beyond boundaries, Bangkok International Trade and Exhibition Centre (BITEC), the leading venue in Thailand and Southeast Asia, introduces full range of technology for online conference and meeting, allowing for transition into the new normal digital age, answering the needs of Thai and foreign event organisers.COVID-19 outbreak has rapidly driven the world into a digital age, forming a new normal lifestyle where technology plays a big role in daily life. In the business scheme, MICE events are adapting to support the changing behaviour of event organisers and consumers by drawing on innovation and digital technology to enhance the efficiency of the event. BITEC has launched a HYBRID MEETING SOLUTION service for organisers in Thailand and international. The service combines physical event venue with virtual conference, along with strict safety and hygiene standards to ensure the safety of organisers and visitors.“Apart from a mission to position Thailand as a leading MICE destination in the region, BITEC also focuses on promoting and developing venues as well as managing with sustainability to accommodate the changing needs. These preparations will grant our business partners opportunities to continue their business and expand to international trade. We believe that with our capacity to cope in the areas we develop and our ability to adapt quickly to a changing society, we will be able to faci l i tate an environment for

organisers and exhibitors to negotiate business like usually even though physical meetings are restricted.”, said Panittha Buri, Managing Director of BITEC.This year, BITEC is working with a business partner of over 20 years “Informa Markets Company Limited”, a leading international trade show and business events company, in preparing various digital facilities within the centre to support Informa Markets’ digital platforms and trade shows.“Throughout the years of working with BITEC, the centre has offered highest standards of safety and cleanliness with full range facilities. With cutting aged technology and consults from BITEC at every planning stage, we have had a smooth run along the process. Especially, digital transformation of the venue to response the needs of clients and event participants that compatible to our new strategy in engaging virtual exhibition together with traditional event platform, allowing organizer to set up online business matching that serves both local and international participants. Apart from that the strict measures in safety and hygienic at BITEC, convincing our Informa AllSecure concept which is ensuring our business plan in 2021”, Sanchai Noombunnam – Deputy Managing Director, Informa Markets Company Limited said.In 2021, Informa Markets schedules trade shows and business matching platform both national and international at BITEC, such as Intermach, SUBCON Thailand, ProPak Asia, Food & Hotel Thailand, ASEAN Sustainable Energy week, Pumps & Valves Asia, and Thai Water Expo.

– Exhibition Showcase

BITEC stimulates digital innovation to empower Thai organisers to the global stage

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Hong Kong Convention and Exhibition Centre (Management) Limited (“HML”) has launched Harbour Studio, a brand-new facility at the Hong Kong Convention and Exhibition Centre (“HKCEC”) for online and virtual events. Well-equipped with ready-bui l t LED wall panels, cameras, AV equipment, and reliable broadbandconnection, Harbour Studio enablesorganisers to create dynamic online event experience and impactful live presentations to connect participants from all over the world.Perfectly designed to accommodate online events such as live broadcasts, webinars, product launches and media interviews, Harbour Studio features two 6 metre by 3 metre LED wall panels, allowing event planners to display high resolution videos and powerful visuals. All supporting equipment are ready, including cameras,

wireless clip microphones, LED lighting panels, video switcher, laptop playback equipment and various furniture selections, saving organisers tremendous set up time and efforts in coordinating with different service providers. Accompanied with fast and reliable telecommunicationsconnections and full on-site support by professional technicians, Harbour Studio provides a one-stop solution for event organisers while guaranteeing quality results for online live shows.Harbour Studio is conveniently located inside Port Café of the HKCEC in the prime city centre. It features an open side which faces the world-famous Victoria Harbour, providing events a unique combination of creative visuals and natural backdrop. The close proximity to F&B facilities also makes Harbour Studio an ideal venue for hybrid events, with food and drinks easily available for guests who attend the events physically.Ms Monica Lee-Müller, Managing Director of HML, is excited about the launch of Harbour Studio, “HML looks into the futuredevelopment of event industry under the new normal. Events will continue to transform and incorporate more online elements. HML acts upon customer needs and continues to invest and diversify our product offerings, to provide state-of-the-art facilities and services for our clients. The newly created Harbour Studio gives event organisers huge flexibility in designing their own bespoke online or hybrid events while enjoying full technical support by HML. We will continue to work with event organisers to co-create and reinvent events, bringing all new online

experience to participants.”Harbour Studio is jointly curated by HML and imEMC Limited, an event management company with 10 years of experience in creating online and offline events in Hong Kong.

– Exhibition Showcase

Hong Kong Convention and Exhibition Centre’s Brand New Harbour Studio provides one-stop solution for virtual events

The government on Tuesday informed Parliament that inflation has remained low in the last seven years - except for a spike in some items - and the government is taking steps to bring it further down. Minister of State for Finance Anurag Singh Thakur, during Question Hour in the Rajya Sabha, said food items in the consumer price index (CPI) are showing a month-on-month decline. Commodities such as cereals, meat and fish, egg, vegetables and pulses have declined during January-February."Overall, inflation has remained low in the last seven years. But in some items, there was a rise in prices due to supply constraints because of COVID-19 and a rise in demand," he said, responding to a supplementary query.In 2013-14, there was double-digit inflation. In comparison to that, now inflation is less. However, the government is making efforts to bring it further down, he added.Thakur said the government took measures to reduce the import of oilseeds and pulses by boosting production, giving a higher minimum support price to farmers.

– The Economic Times

Inflation remains low in last 7 years: Govt

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Rural development minister Narendra Singh Tomar said 40% more employment has been generated till March 12 in the current fiscal at 363 crore persondays under the Mahatma Gandhi National Rural Employment Guarantee scheme compared to same period last year.“Fund release to states/UTs is a continuous process and the central government is committed to making funds available keeping in view the demand for work,” minister Tomar said in response to a question in Lok Sabha. “The ministry seeks additional funds from the ministry of finance as and when required for meeting the demand for work on the ground,” Tomar said.Mahatma Gandhi National Rural Employment Guarantee Scheme is a demand driven wage employment programme which provide for the enhancement of livelihood security of the households in rural areas of the country by providing at least 100 days of guaranteed wage employment in every financial year to every household whose adult members volunteer to do unskilled manual work.During FY 2020-21, more than 1.75 crore new job cards have been issued so far which is 153% more than the total number of new job cards issued during FY 2019-20.Government has enhanced the financial

allocation under Mahatma Gandhi NREGA for financial year 2020-21 from Rs 61,500 crore at BE to Rs 1,11,500 crore at RE and so far about Rs.97,057 crore has been released in the current financial year.In the Budget 2021-22, an amount of Rs 73,000 crore has been allocated for MGNREGA which is 18.69% more than budgetary allocation of 2020-21.In a separate response, minister Toamr said the government has set the target to eradicate extreme poverty for all people everywhere by 2030. Currently, poverty in India is measured as people living on less than $1.25 a day.According to the minister, the national indicator developed for this target is proportion of population living below the national poverty line is 21.92% (2011-12) and poverty gap ratio, at 5.05% for rural and 2.70% for urban.“In so far as the ministry of rural development is concerned, multi-pronged strategies have been adopted to address rural poverty and improve the economic well-being of people in rural areas with the main focus being on increas ing l i ve l ihood oppor tun i t ies , empowering rural women, providing social safety net, skilling of rural youth and infrastructure development through several centrally sponsored schemes being operated by the Centre,” minister Tomar added.

– The Economic Times

40% more jobs generated in current fiscal under MGNREGA: Govt

Finance Minister Nirmala Sitharaman on Tuesday informed Parliament that the Reserve Bank of India is taking measures to strengthen its regulatory and supervisory capacity, and expressed hope that these steps will ensure no regulatory mishaps take place in the future."We have been engaging with the RBI to ensure that the regulatory functions and supervisory function of the RBI arestrengthened. I am assured by the RBI Governor that internally an institutional mechanism is being further strengthened," Sitharaman said during Question Hour in the Rajya Sabha.She was responding to a query asked by SAD leader Naresh Gujral that if the government is contemplating taking additional steps to strengthen the regulatory regime if banks have to thrive and people to be protected, given the recent banking frauds.The finance minister said the capacity of the RBI's regulatory and supervisory staff is being strengthened with specially tailored courses."I hope this will make a difference in order that no such further regulatory mishaps happen," she said.Responding to another query addressing gaps in bank guarantees, the minister said this aspect will be looked into as the RBI is engaging with the ministry on this matter also.

– The Economic Times

RBI strengthening institutional mechanism to prevent bank frauds: FM

INDUSTRY UPDATES

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Operations at South Korean steelmaker Posco's plant in Maharashtra have been disrupted due to local protests over labour and other issues, police and sources told Reuters, hampering the supply chain for automakers.A local politician leading the protests said they have blocked employees and goods from entering the plant and will continue until Posco heeds to some of their requests which

include giving employment preference to local workers, raising the wages oftemporary employees and making them permanent.Supply of steel from Posco's Maharashtra plant has been seriously affected and production for carmakers "is likely to come to a standstill" if the issue is not resolved soon, the country's top auto industry body said in a March 10 letter addressed to the state's chief minister."The blockage is ... causing disruption in the supply chain and is resulting in shortage of critical auto parts and components," the Society of Indian Automobile Manufacturers (SIAM) said in its letter which has been reviewed by Reuters."In view of this, production activity at the facilities of vehicle manufacturers in India, is likely to come to a standstill," SIAM said, adding that Posco is one of the major suppliers of steel to the industry.Reuters could not independently verify the extent of the production disruption at Posco's plant.Posco did not respond immediately respond to a request for comment outside office hours.Automakers including Maruti NSE -0.17 % Suzuki, India's top carmaker by sales, Hyundai Motor, Kia Motors , Tata Motors and Mahindra & Mahindra source steel from the Posco plant, sources said.These companies, which together account for over 80% of India's automobileproduction, did not respond to requests for comment. The Maharashtra chief minister's office also did not respond.

Posco's steel plant in India faces disruption, hampers auto supply chain

SIAM said the disruption comes at a time when companies are still recovering from the impact of COVID-19 and this could be a major setback for the economy."Such incidents would also seriously tarnish the image of India as a preferred destination for investment," SIAM said in its letter, a copy of which has also been sent to the central government seeking "urgent intervention".This is the second instance in recent weeks when a global company has faced issues in Maharashtra, India's top business state. In January, General Motors said Maharashtra's move to block the U.S. automaker from shutting its plant and exiting the country defied the state's business friendly image and sent a "concerning message" to future investors.Chandrashekhar Khanvilkar, the local politician leading the Posco protests told Reuters that their other demands include giving preference to local companies for providing transport and canteen services and garden maintenance. They also want steel scrap from the plant to be sold to local companies."We are not allowing transport vehicles and workers to enter the factory. We will continue the agitation peacefully until the company agrees to at least a few of our 18 demands," he said, adding they have been protesting since March 2.Pradeep Deshmukh, a police inspector, told Reuters that 30 police officials have now been stationed outside the plant, up from six to seven initially deployed.

– The Economic Times

ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between two of the w o r l d ’s l e a d i n g s t e e l c o m p a n i e s - ArcelorMittal and Nippon Steel, signed a Memorandum of Understanding (MoU) with Birla Institute of Technology & Science (BITS) Pilani, a leading premier educational institute, to provide a sponsored B.Tech. Process Engineering degree through Work Integrated Learning Programme without a career break. The higher education program, facilitated through digital infrastructure over three and half years, will help strengthen the technical foundation of employees and build a sound knowledge base, preparing them to work more efficiently through this unique skill upgradation opportunity.The course is divided into seven semesters and will be conducted digitally by the BITS, Pilani faculty. The course offers enlisted employees easy access to the institute’s online state-of-the-art laboratories and libraries as well as to a plethora of recorded lectures on all relevant subjects. One semester would be dedicated to practical learning through projects, as part of the c o u r s e . I t h a s b e e n d e s i g n e d a n d implemented by AM/NS India to further consolidate the technical foundation & competencies of its engineers, ensuring seamless operations of its manufacturing plants. In this backdrop, Anil Matoo, Chief People Officer, AM/NS India said, “In our quest for

creating smarter steel, learning is an endless journey. Our employees are our most valuable asset and we continuously strive to enhance our employees’ competency levels through various learning initiatives. We are proud to have partnered with BITS Pilani as they are amongst one of the best technical education institutes in the country. We are confident that this programme will help build a strong knowledge base and confidence in our young and aspiring engineers and help them face challenging assignments as they grow with AM/NS India.” – Modern Manufacturing India

The SamWon Machinery box taper, the company’s flagship product automatically tapes packing items in a box. The machine is convenient and easy to operate with simple tape changing and i t a lso features dimensional adjustment functionality. The company also features all-in-one products that automatically fold and tape filled boxes.In addition to Styrofoam taping machines, SamWon Machinery supplies box folding machines that use thermal boxes, and automat ic wrapp ing mach ines and conveyors that are the company’s flagship products.Further, SamWon Machinery has developed a noise-minimized taping device that reduces the noise generated during work. The company spares no expense on product development.SamWon Machinery aims to advance Korean packaging machines into overseas markets by differentiating its core technology, A

Insitu, a wholly-owned subsidiary of The Boeing Company, today announced new details about its latest efforts to advance hydrogen fuel-cell propulsion for Unmanned Aerial Vehicles (UAVs).First Flight of Hydrogen-Electric ScanEagle3 UAVIn December 2020, Insitu completed the first flight of their ScanEagle3 unmanned aerial vehicle (UAV) powered by an all-electric, h yd ro g e n f u e l e d , p ro to n e xc h a n g e membrane (PEM) fuel cell. The 30-minute flight confirmed init ial performance characteristics including power output, climb rate, and intrinsic aerodynamic flight characteristics for the UAV in preparation for

company source said it needs a different marketing strategy and that it will endeavor as a global packaging machine company by investing in patent applications, research, and development.The company is looking forward as it enhances Korea’s image and solidifies its own reputation as a trusted global company.

– Machine Tools World

AM/NS India Signs MoU with BITS Pilani to upskill its Engineers

Insitu Advances its Fuel Cell Technology

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Schneider Downs & Co., Inc. has successfully completed the Certified Third-Party Assessor Organization (C3PAO) accreditation process and applied for the CMMC ML-3 assessment performed by the Defense Contract Management Agency’s (DCMA) Defense Industrial BaseCybersecurity Assessment Center(DIBCAC). Pending a successful CMMC ML-3 assessment, Schneider Downs will be authorized to provide certificationassessments for the Department of Defense’s (DoD) Cybersecurity Maturity Model Certification (CMMC) program.“This represents another step in our commitment to provide comprehensive compliance assessment services to organizations dealing with the Department of Defense,” explained Eric M. Wright, shareholder at Schneider Downs.“Schneider Downs is already certified as a Registered Provider Organization to provide preliminary CMMC advisory assessments. Completing the C3PAO certification furthers our ability to assist clients as they navigate the challenges of confirming data security when working with the Department of Defense.”

test flights using a Liquid Hydrogen (LH2) storage tank on the aircraft that are planned for later this year. The 3-D-printed LH2 tank is an industry first, and is expected to support 10+ hours of endurance for ScanEagle3.Liquid Hydrogen Flight Tank for Insitu ScanEagle3 UAV Completes First Fill TestIn February 2021, a Liquid Hydrogen (LH2) flight tank designed for Insitu’s ScanEagle3 UAV successfully completed liquid hydrogen fill, pressure and vapor generation testing at Washington State University’s Hydrogen Properties for Energy Research (HyPER) Lab. The tests verified operation performance metrics of the LH2 tank in preparation for upcoming flights of ScanEagle3 equipped with a PEM fuel cell power system. The LH2 Tank Integration project is part of a larger development effort to compare acoustic and thermal signatures of a small UAV powered with an internal combustion engine versus an all-electric power system.“For our global Defence customers, fuel-cell-powered UAS in this Group 2 space represent a significant game changer in thebattlespace,” said Andrew Duggan,Managing Director Insitu Pacific.“Operationally, fuel-cell-powered platforms provide the potential for longer endurance missions, increased power availability for payloads, as well as significant reductions in noise signature.”The defense industry is growing increasingly interested in the benefits of hydrogen fuel c e l l t e c h n o l o g y, w h i c h ra n g e f ro m environmental to operational. Fuel cells

support better ISR data collection because PEM fuel cell stack emissions are limited to small amounts of H2O and trace amounts of H2. The fuel cell and electric motor thermal and acoustic signatures are significantly lower than traditional internal combustion (IC) engines, enabling mission routes closer to targets. The PEM fuel cell / electric motor combination also decreases platform vibration and enables excess power to support greater payload diversity. Fuel cells also deliver improved reliabil ity and significantly lower logistics costs relative to small IC engine propulsion solutions.Tests are expected to continue in Q2 of 2021 with the first liquid hydrogen flight planned for late summer 2021.About InsituWith offices in the U.S., U.K., and Australia, Insitu creates and supports unmanned systems and software technology that deliver end-to-end solutions for collecting, processing and managing sensor data. To date, our systems have accumulated more than 1.3 million flight hours. Insitu is a wholly owned subsidiary of The Boeing Company.

– Machine Tools World

Schneider downs achieves CMMC third-party assessor certification

BRITISH officials are drawing up contingency plans in case the government needs to step in to save Sanjeev Gupta's Liberty Steel from collapse, amid fears that thousands of jobs in a critically important industry are at risk. Business Secretary Kwasi Kwarteng and other senior officials have been holding intensive discussions with the company in recent days, aiming to secure the future of the steelmaker, according to people familiar with the matter. Several potential contingency plans are under consideration, including one that would involve the government running the company with state funds while a potential buyer is sought, the people said, asking not to be identified because the discussions

State owned RINL expects Rs 1,000 crore from sale of 22-acre land in Visakhapatnam

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Schneider Downs currently provides CMMC readiness and consulting services. The team includes a Certified CMMC Provisional Assessor, and several other members currently in process of applying for CMMC Certified Assessor status who plan on completing training in Q2 of 2021.About CMMCThe CMMC is a unified standard for implementing cybersecurity across the defense industrial base (DIB), which includes hundreds of thousands of contractors across the nation. The DOD created the CMMC compliance standard to improve the security of the supply chain of the DIB.New legislat ion requires third-par ty assessments of contractors’ compliance with the standardized practices and procedures – making it essential to involve an assessor with CMMC certification. Contractors that receive Federal Contract Information (FCI) and/or Control led Unclassified Information (CUI) will not be able to do business with the DOD without complying with CMMC requirements.The CMMC framework adds a certification element to verify the implementation of processes and practices associated with the achievement of a cybersecurity model. CMMC is designed to provide increased assurance to the DOD that a DIB contractor can adequately protect FIC and CUI at a level commensurate with the risk, accounting for information flow down to its subcontractors in a multi-tier supply chain.About Schneider Downs & Co., Inc.Schneider Downs’ dedicated IT Risk

Advisory practice works with organizations across the country to help them gain valuable insights into their processes and technologies. Schneider Downs partners with clients to provide comprehensive IT audits and compliance reviews that will ensure your organization has effective and efficient technology controls that better align the technology function with their business and risk strategies.Schneider Downs is a regional accounting and business consulting firm providing tax, audit and business advisory services to public and private companies and nonprofit organizations. The firm offers more than 80 services from five business units: Assurance and Tax Advisors; Business Advisors; Technology Advisors; Wealth Management Advisors; and Corporate Finance Advisors. With offices in Pittsburgh, Columbus and the District of Columbia, the firm serves clients with local, national and global interests.

– Machine Tools World

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continue operations is to avoid shutting down the steel furnaces - because restarting them is a long and expensive process. The British aerospace industry has been concerned over potential exposure to any difficulties that would affect Liberty, which is one of its specialist suppliers. Rolls-Royce Holdings Plc said this month it had been exploring alternative longer-term options in case it needs to source steel from other suppliers.

– Metal Junction

Sales of passenger vehicles grew in strong double-digits last month on back of pent-up demand and increased consumer preference for personal mobility solutions amid the coronavirus pandemic.According to data release by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales increased 17.92% to 281,380 units in February. The data does not include sales of Tata Motors NSE -2.27 %, which has stopped reporting wholesale volumes on a monthly basis to SIAM.Sales of two-wheelers rose 10.20% to 1,426,865 units in the month under review. While wholesale volumes of scooters went up 10% to 464,744, that of motorcycles grew 11.47% to 910,323 units.Sales of three-wheelers dropped 34% to 27,331 units in February.

– The Economic Times

haven't been made public. No decisions have been made, the company remains solvent and hasn't asked for any specific help. The future of Liberty Steel has been put in doubt by the unravelling of Greensill Capital, which is the biggest lender to Gupta's GFG Alliance, of which Liberty is a part. GFG employs about 5,500 people at more than 30 sites in the UK, including almost 3,000 at Liberty. "The government is closely monitoring developments around Liberty Steel and continues to engage closely with the company, the broader UK steel industry and trade unions," a government spokesperson said in a statement by email. "Recognising that the pandemic has had a significant impact across the whole UK economy, including steel producers, ourunprecedented package of support is available to the sector to protect jobs and ensure that producers have the right support during this challenging time." A spokesman for GFG declined to comment. Mr Kwarteng recently said that while the government may be prepared to intervene, he can't anticipate or guarantee any forms of support. The company management is drawing up its own potential solutions. Even so, ministers are clear that state funds may need to be deployed to secure a company that's strategically and politically important for Boris Johnson's government. In 2019, ministers stepped in to support British Steel using state funds to keep operations going. One of the reasons ministers want Liberty to

Passenger vehicles sales grow 18% in February

Nation aiming to make upstream suppliers, downstream applications like construction, appliances more sustainable In the post-COVID-19 era, eco-friendly steelmaking is essential to the quality development of China's steel industry, and as the country stands firm on transforming the steel industry toward low carbon growth pathways, the sector is expected to hit a carbon dioxide emission peak as early as 2025, five years ahead of the nation's commitment, according to industry experts. At the general debate of the 75th session of the United Nations General Assembly via video in 2020, Chinese President Xi Jinping announced that China aims to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060."As the largest source of carbon emissions among 31 manufacturing sectors in China, the steel industry accounts for about 15 percent of national carbon emissions and is key to reducing China's carbon emissions," said Xu Xiangchun, information director and analyst at Mysteel, an iron and steel industry consultancy. "Under the country's commitment to peaking carbon emissions by 2030 and achieve carbon neutrality by 2060, the steel industry is likely to peak carbon emissions in 2025," Xu said. A draft guideline on promoting the high-quality development of the steel industry, released by the Ministry of Industry and Information Technology at the end of 2020, also said the steel industry should strive to

achieve a peak in carbon emissions by 2025. According to the guideline, more than 80 percent of China's steel mills, in terms of capacity, are expected to realize an ultra-low carbon emission upgrade by 2025, and all steel mills in key regions for air quality improvement, including the Beijing-Tianjin-Hebei area and the Yangtze River Delta, must accomplish that goal by 2025. The guideline also asked the steel industry to reduce pollutants and energy consumption by more than 20 percent and 5 percent by 2025, respectively. Water use intensity per unit of steel production should be reduced by more than 10 percent by then, while the reuse rate of water resources should reach more than 98 percent, it said. Li Xinchuang, chief engineer and Party secretary of the Beijing-based China Metal lurgical Industry Planning and Research Institute, expects steel demand in China will peak in the near future, and the i n d u s t r y i s c u r re n t l y u n d e rg o i n g a development phase featuring gradual output re d u ct i o n , i n c re a s i n g me rg e r s a n d acquisitions and strengthening emphasis on green development. The industry is faced not only with opportunities presented from such a high-quality developmental transformation but a lso chal lenges ar is ing f rom str ict environmental protection and low-carbon development requirements, Li said. The China Iron and Steel Association said the steel industry is key amid China's attempt to reduce carbon emissions, and it is urgent for the sector to reduce energy and resources

consumption, ease bottlenecks in carbon emission reduction efforts and shore up low-carbon development. He Wenbo, CISA's executive chairman, said green and low-carbon development has become a universal mindset among China's steelmakers, and some domestic players have led the world in using advanced pollution treatment facilities and reducing carbon emissions. The association released an initiative in February calling on the entire industry to further carbon emission reductions. Accelerating the steel industry's carbon emission reductions and making contributions to deliver on China's commitment to peaking carbon emissions by 2030 and realizing carbon emission neutrality by 2060 are obligatory duties and responsibilities of the industry, the initiative said.

– Metal Junction

Steel industry may hit CO2 objectives early

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Iron ore billionaire Andrew Forrest says his company, Fortescue Metals, hopes to be producing green hydrogen at commercial scale as early as 2023, and plans to use much of that hydrogen to make green steel in Australia. He also announced the company will now aim to be carbon neutrality on its scope 1 and 2 emissions by 2030, bringing the target forward 10 years. Most of that would be done through absolute emission reduction rather than the use of offsets. Both targets will require a rapid upscale of its renewable capacity. The company has huge ambitions in this area, and says it has identified a 300 gigawatt pipeline of potential, including 40GW in the Pilbara, and hopes to build as much 1,000 GW in the longer-term. But so far few are up and running, with only a soon to be opened 60MW Chichester solar farm and a new 150MW solar project, both to help power its Pilbara mines identified to date. Monday’s announcement contained no major new project announcements. In a wide ranging call with media on Monday, Forrest called it “an historical day”, as he predicted many more large industrial players would follow Fortescue in embracing net zero technologies. Asked when Fortescue would start bringing green hydrogen to market in Australia, he said the company was currently working with governments to get the approvals needed,

and was “working hard towards” production by 2023. While hydrogen has immense appeal as a carbon-free alternative to fossil fuels, doubt has been cast on its viability in some sectors, particularly against electrification, which is much more energy efficient. A recent report I n t e r n a t i o n a l C o u n c i l o n C l e a n Transportation found that green electricity would prove significantly cheaper than hydrogen for heating homes in Europe, while Volkwagen chief Herbert Diess last week dismissed the idea the hydrogen fuel cells would ever compete with battery electric vehicles. But Forrest said there would be a major role for green hydrogen and ammonia in industries such as heavy transport including road, rail and shipping, as well as steel production. And he insisted demand would follow supply. “We aim to provide the two missing links in the climate change battle – creating both the demand for and supply of green hydrogen and green ammonia,” he said.The company is trialling green ammonia in shipping and locomotives, hydrogen fuel cell power for drill rigs, and large battery technology in its haul trucks. It is also trialling a technology that uses renewable energy to convert iron ore to green iron at low temperatures, without the use of coal.

– Metal Junction

Minister of Micro, Small and Medium Enterprises (MSME) Nitin Gadkari on Wednesday inaugurated two technology centres at Visakhapatnam in Andhra Pradesh and Bhopal in Madhya Pradesh. He also inaugurated three extension centres of big technological centres and seven mobile Udyam Express.He said the technological centres should have coord inat ion , cooperat ion and communication with the local industries, and also emphasised on the need to have a performance audit of all the technological and extension centres.Talking about the Indian automobile sector, Gadkari said "the target is to make Indian automobile industry worth Rs 10 lakh crore rupees in next five years from present Rs 4,50,000 lakh crore rupees".Speaking on the occasion, Minister of State for MSME Pratap Chandra Sarangi said that around 2,50,000 students are getting training at these centres and the tool room works from normal designing to the area of robotics.Talking about the mobile Udyam Express, Sarangi said these mobile vans will go to the villages and make people aware about all aspects of entrepreneurship along with imparting training to them.It is estimated that after the establishment of the new centres, an additional capacity for skilling four lakh trainees and assisting one lakh MSMEs will be created to provide technology, incubation, skilling and advisory support to the industry in the country.

– The Economic Times

Fortescue to produce green hydrogen from 2023, and targets green steel

Gadkari inaugurates technology centres to boost MSME sector

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Yash Singh, CEO of Greycast Founders and Director of Amar Founders Pvt Ltd, has recently been granted a patent for the invention & development of a Titanium-based alloy. His newly invented technology is dedicated to the Non-Sparking Tools.Serving a dual purpose, the patented technology not only minimizes health hazards in the non-sparking tools industry but also eliminates expensive imports and triggers a surge in the manufacturing of non-sparking tools in India.Yash had founded the startup, Grey Safety Tools Pvt. Ltd., to market and distribute the non-sparking tools manufactured using the newly patented technology, Titanium alloy. Yash leads Greycast Founders (CEO) & Amar Founders Pvt. Ltd. (Director) withmanufacturing competencies inmanufacturing and exports of metalcastings for various Oil, Gas, andPetrochemical equipment manufacturers.Back in 2015, Yash had envisaged GREY GROUP to serve his idea of expanding his family-managed foundry business. At 25, adding another feather to his cap, Yash became the youngest chairman of the Institute of Indian Foundrymen (GMC), the apex body of the country’s foundry industry.The company has been successfully catering to leading Oil & Gas companies like IOCL, BPCL, HPCL, ONGC, GAIL, helping them save their imports cost and take a leap towards the Make In India campaign. In addition to

this, Yash is also a recipient of the prestigious Young Foundryman Award at the Indian Foundry Congress. During Covid i n d u c e d l o c kd o w n , Ya s h h a s a l s o successfully filed another patent in the Oil & Gas industry.

– Machine Maker

Doosan Machine Tools, a leading company in the global machine tool industry, has recently launched the VX series of vertical machining centers. The VX series machinery is exclusively designed for graphite and ceramic processing. The VX 6500G is optimized for graphite processing, and the VX 6500C is optimized for ceramic processing.The series has unmatched processing performance because of its dual-column structure. In order to improve theperformance in graphite and ceramic processing, the series has been revamped with enhancement of high precision processing feature along with the standard features.The machine comprises a stable,symmetrical and dual-column mechanical structure optimized for high-speed feed and high-precision processing. The VX 6500G and VX 6500C travels a distance of 1050/650/550mm and at a speed of 1050/650/550mm thus, ensuring rigidity, high-speed and high-precision. The series p o s s e s s l o w - v i b r a t i o n s p i n d l e o f 12000r/min, a spindle motor output of 18.5

/11kW and spindle motor torque of 117.8 N.m. Low vibration during cutting extends tool life, surface roughness, and increases the rigidity thus resulting in a performance boost of the product. The series is also equipped with the thermal displacement reduction functions like ball screw cover, LM guide double wiper, and grease lubrication system to enhance performance. The VX 6500G has a built-in graphite dust collection system that prevents graphite powder from getting accumulated in the cabin while the VX 6500C can efficiently process chips using ceramic filter system as an optional feature. – Machine Maker

Indian Foundry Entrepreneur receives patent for Titanium based Alloy

Doosan Machine Tools launches VX 6500G and VX 6500C

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MEDIA SPEAK

Consumption of steel in an important indicator to determine the growth of a nation. If we take the month of January 2021, according to World Steel Association India registered a growth of 7.6 percent in crude steel production at 10 million tonnes (MT) in January 2021. Last year for the same month the country produced 9.3 MT crude steel.According to a report by Motilal Oswal Financial Services India's steel consumption grew 9 percent year-on-year and 3 percent month-on-month to 9.97 mt in January 2021.The report further stated This growth has been supported by robust demand from infrastructure and double-digit growth in auto, white goods, and consumer durable. This revival phase of steel industry has brought in windfalls for the steel majors. The Q3 results of major steel producing companies have reported good profit earnings for the quarter ended December 31, 2020.

Reflection of rapid recovery in Q3 ResultsIn an interview to this publication, Care Ratings analysts stated, "With the increase in realizations corresponding to the rise in steel prices, the major integrated steel players have posted substantial increase in standalone EBIDTA/Tonne during Q3FY21. The secondary players have also picked up in Q3FY21 after a subdued Q1 & Q2FY21. In Q3FY21, the integrated players faced supply shortage due to low inventory levels courtesy strong sales volumes in Q2FY21 and could not keep up with robust demand in Q3FY21 due to which the integrated steel players registered a meagre 0.06% increase in sales volume"."Strong operating performance in 3QFY21 for steel players was led by strong pent up demand in end user sectors and push from the GoI on infrastructure spending. It was also possible with adequate liquidity support from the banking system coupled with steel producers' capability to manage labour, iron ore availability, port and in land logistics. Strong sector profitabilityhas been led by increase in realization higher than the increase ininput costs were modest except iron ore costs for steel producers with no captive iron ore linkages. Strong cash accruals have been largely used by the industry to deleverage and better prepare their balance sheets for the large capex requirements in the near to medium term," says Rohit Sadaka, Director, India Ratings and Research.Tata Steel has reported a consolidated net profit of 4,011 crore for the quarter ended

December 31, 2020. The company had posted a loss of 1,228 crore in the same period a year ago. Sequentially, profit rose 140 per cent. It was 1,665 core in the September quarter (Q2FY21).Revenue from operations stood at Rs 39,594.09 crore for the period under review, up 11.4 per cent from same period last year.Commenting of the stellar Q3FY21, in a press release, T V Narendran, CEO and Managing Director, Tata Steel mentioned, "the recovery in the global and Indian economy has led to sharp improvement in steel demand in India. We pivoted our deliveries to domestic markets, to cater to the requirements of our local customers by reducing exports. All the segments, especially automotive, have performed extremely well supported by our continuous focus on strong customer relationships, superior distribution network, brands and new product developments".JSW Steel reported a manifold jump in its consolidated net profit to 2,669 crore for the December 2020 quarter. The company has clocked a net profit of 187 crore in the corresponding quarter of the previous financial year. Its total consolidated income during October-December 2020 rose to 22,006 crore, compared with 18,182 crore in the year-ago period. The company's total expenses stood at 18,120 crore, higher as against 17,719 crore a year ago.Government owned steel maker SAIL has reported a consolidated net profit of 1,468 crore for the third quarter ended December 2020, mainly on account of higher income. The company had clocked a net loss of

Steel: High prices and revocation of duties a concern

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343.57 crore during the same quarter a year ago. Dur ing October-December, the company's total income jumped to 19,997.31 crore from 16,714.87 crore in the year-ago period. Its total expenses stood at 16,406.81 crore, compared to 17,312.64 crore a year ago. The company produced 4.37 million tonne (MT) crude steel, registering a growth of 9 percent over the corresponding period last year (CPLY). During the December 2020 quarter, the company produced 4.15 MT of saleable steel, a rise of 6 percent.In a press release SAIL said, "there has been a countrywide turnaround in the overall economic activities after the short pause set in during the pandemic. In sectors like infrastructure, c o n s t r u c t i o n , m a n u f a c t u r i n g a n d automobiles, which are major steel buyers, there has been a relatively rapid recovery.Jindal Steel and Power (JSPL) has reported a consolidated net profit after tax (PAT) at 2,432 crore for the third quarter ended December 31, 2020, on the back of improvement in operating and financial leverage. JSPL had posted net loss of 257 crore in December quarter of 2019. The consolidated revenue jumped by 40 percent to 10,534 crore compared to Rs 7,526 crore in Q3 FY20, driven by strong performance in India steel as well as power business. The company's EBITDA surged by 170 percent to 4,252 crore from 1,574 crore in the year ago period.JSPL reported highest-ever steel production volumes during Q3FY21. During October-December quar ter, JSPL standalone

reported highest-ever steel production volumes (including pig iron) at 1.93 million tonnes (up 20 per cent YoY) and sales of 1.87 million tonnes (up 12 per cent YoY). As domestic demand continued to recover, JSPL raised its sales within India which was reflected in declining share of exports to 21 per cent versus 38 per cent in Q2 FY21.During the same quarter, pellet production increased 3 percent YoY. External sales of pellets, however, reduced to 0.40 million tonnes (down 38 per cent YoY) on higher internal consumption as steel volumes continue to ramp up. Q3 FY21 also saw JSPL becoming India's first private company to get the "Regular Supplier" status from Indian Railways to supply 60kg 880 grade (90UTS) Rails," it said.JSPL in a press release said, "December quarter showed recovery signs for the entire steel industry in India with utilisation levels as well as domestic demand rising month on month. However, steel industry continues to struggle with raw material scarcity amplified by exponential rise in domestic and international iron ore prices".Jindal Stainless posted a consolidated net profit of 170 crore for the October-December quarter, registering a year-on-year rise of 229 percent. Net sales volume stood at 250,562 tonnes, growing 5 percent year-on-year. The company reduced its total debt by 24 percent to 2,765 crore during the first nine months period of the fiscal year 2021."Buoyed by increasing demand in auto, P&T and hollowware sectors, the outlook for the domestic stainless steel market remains

strong," Abhyuday Jindal, Managing Director, Jindal Stainless in a press release.Jindal Stainless (Hisar) posted an over three-fold jump in its consolidated net profit to 270 crore for the December 2020 quarter. The company had posted a net profit of 82 crore in the corresponding quarter of last fiscal. Its total income during October-December 2020 increased to 3,172 crore, against 2,512 crore in the year-ago period. JSHL's expenses were at 2,897 crore as against 2,408 crore a year ago.Allegation, cartelisation and a steep hike in steel pricesAfter the lockdown steel prices started to raise and it increased manifold in the October-December 2020 quarter. Union road transport minister Nitin Gadkari raising concerns of the increasing steel prices which will lead to increase in cost of infrastructure and realty project said big players in the steel industry are indulging in cartelisation to jack-up prices. He stated that all players in the steel industry have their own iron mines, and have not hikedlabour wages nor there is increasing in power rate, and wondered how come prices of steel are increasing. "In January 2021, when both iron ore and steel prices were at its peak, NMDC, India's largest iron ore producer and a GoI owned entity had increased iron ore prices [NMDC (0-10mm, Fe64%)] to INR4,810/MT in January 2021, 65% or INR1,900/MT higher on a yoy basis. Simultaneously, flat steel prices [Indian, HRC (Mumbai 2.5mm-8mm, IS2062)] were at INR55,500/MT, 41% or INR16,250/MT higher on a yoy basis.

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Accordingly, there was a significant cost push. However, the robust steel demand and short supply of steel caused adisproportionate increase in steel prices," says Rohit Sadaka.Domestic prices of hot-rolled (HR) coil, a flat steel product that is further processed and used in transport, construction, shipbuilding and capital goods surged 54% from a year ago in the December quarter amid a robust recovery in domestic demand and mirroring higher global steel prices. Prices of HR coil climbed to Rs. 58,000 a tonne this January from 36,250 a tonne last June. About this exceptionally high rise in steel prices, Care Ratings analysts states, "the Indian Steel Association (ISA) in its response has cited price rise of raw materials,ie, Iron ore, shortage in global steel supply and lower capacity utilizations due to pandemic induced disruptions as the primary pillars for the elevated steel prices. In response to curb the surge in steel prices, ISA has demanded a temporary ban on iron ore exports. During February 2021, anintermittent decrease in prices led the sentiment of normalcy in end user industry but the same has been thwarted by the jump in steel prices in March 2021 corresponding to the rise in global iron ore and steel prices. The Competition Commission of India (CCI) has reportedly started the investigation to get to the bottom of the allegation of said 'cartelization' and it remains to be seen if the sky-high prices of steel were indeed a manipulation or driven by fundamental factors".

Revoking anti-dumping and countervailing duty and its implicationsIn the just concluded Union Budget 2021, the finance minister Nirmala Sitharaman has announced a reduction in customs duty on flat steel products to 7.5% from 12.5%, and on long products to 7.5% from 10% earlier, making imports cheaper.After this announced steel prices which were rocketing started to decline. With HR coil prices currently settling below 56,000 a tonne, analysts at credit rating firm Icra predict a 10% decline in domestic prices from the highs of January as the duty cut would make imports more competitive and, in turn, exert near-term pricing pressures on domestic steelmakers. Steel industry analysts too opines steel prices to fall by as much as 10 percent from their January highs over the next few months,retreating from a runaway rise that led end-consumers to seek government intervention."The reduction in duties will not affect imports from countries like South Korea and Japan, with which India has a free trade agreement (FTA)," said Jayanta Roy, senior vice-president and group head, corporate sector ratings, Icra. "However, imports from China and other non-FTA countries will become more cost-competitive." He further added, "Chinese export HRC prices have seen a 10 percent drop in January on lower domestic demand. Considering the lead time of about two months for imports to arrive, domestic

HRC prices could correct by up to 10 percent by end-March to align with global prices and stay competitive in the domestic market".The domestic steel manufacturers fears that if the temporarily revoked anti-dumping and countervailing duty continued for a longer period it will have an adverse affect on the domestic steel industry. "However, the domestic stainless steel industry will be adversely impacted by the recentannouncement in the Union Budget.Suspension and revocation of duties will grant smooth access to Chinese and Indonesian subsidized stainless steel products into the Indian market. This move will not only be detrimental for the organised players, but the MSME sector, which caters to 35% of the total stainless

Rise of 4.8% in January global steel production a welcome development

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steel demand, would be forced to shut down. We urge the government to review this decision soon as it is against the essence of the 'Atmanirbhar Bharat' mission," says Abhyuday Jindal, Managing Director, Jindal Stainless."In the current scenario, domestic steel prices are at high levels but still below the landed import prices and hence the reduced import duty should not put any significant price pressure immediate ly.However, any significant price fall in the large and oversupplied China steel market could pose material price risks for the Indian steel producers. Also, any further extension of the temporary revocation in steel products would be negative for the credit profile of the steel producers and rollers," says Rohit Sadaka.NewsmakersThe government plans to privatize the government owned steel companies. The first on block is the RashtriyaIspat Nigam Ltd (RINL), the public sector corporate entity of Vizag Steel Plant. The has led to protest by the e m p l o y e e s , A n d h r a P r a d e s h s t a t e government and the opposition. However, according to government privatization will result in infusion of capital for optimum utilization, expansion of capacity, infusion of technology and better management practices, higher production and productivity and expansion of direct and indirect employment opportunities.Tata Steel will be amalgamating Tata Steel BSL and Bamnipal Steel with itself. BSL, formerly Bhushan Steel was acquired by Tata Steel through bankruptcy resolution process

and Bamnipal Steel is a wholly-owned subsidiary of Tata Steel.Jindal Stainless (Hisar) (JSHL) will be merged into group company Jindal Stainless (JSL). This merger will induce a simplified capital structure, expanding the turnover of the merged business to around Rs 20,000 crore.As per the proposed structure, the mobility business of JSL Lifestyle, a domestic subsidiary of JSHL, would be merged into JSL. Non-mobility businesses would be carved out as a separate new entity, named Jindal Lifestyle. Post-restructuring, Jindal Stainless Steelway (JSSL) and Jindal Lifestyle will operate as Indian subsidiaries, while overseas operational subsidiaries of JSL in Spain and Indonesia will continue to operate as business units of merged JSL.The merger process is expected to be completed in the second half of 2021-22.Following the acquisition of Adhunik Metaliks and Zion Steel by GFG Alliance, Liberty Steel, a part of GFG Alliance, has restarted the first phase of production at Adhunik Metaliks and Zion Steel. The steel major to revive these newly acquired steel plantswill introduce its GREENSTEEL model of combining steel recycling with low carbon and renewable power sources to create a more sustainable, competitive operation serving local markets.South Korean steel major POSCO has evinced interest in setting up steel plant in Andhra Pradesh. POSCO has signed a Memorandum of Understanding (MoU) with RashtriyaIspat Nigam (RINL) for the setting up of a steel plant in Andhra Pradesh.

Andhra Pradesh government on Tuesday chose Liberty Steel India Limited as the joint venture partner for construction and development of YSR Steel Plant in Kadapa district. The proposed steel plant will have a capacity of up to three million tonnes per annum for producing high grade steel products.The Government of Odisha and ArcelorMittal Nippon Steel India have signed a MoU for setting up an Integrated Steel Complex in Kendrapara District. This project will entail in investment of more than Rs. 50,000 crore.Outlook 2021: No major hiccupsThe worst is behind for the steel sector. The devastation caused by Covid-19 and the phoenix like rise of the steel sector exemplifies the spirit of Indian steel sector. The country is witnessing revival in all sector where steels are majorly consumed such as automobile, infrastructure and construction, white goods, realty and agriculture and construction equipment. As the prices stabilize the government will revoke the temporary reduction in customs duty on flat steel products and on long products. With galore of demands for steel from various sectors the demand witnessed in Q3FY21 is likely to sustain.

– EPC World

MCC CERI implements digital factory approach; enabling a 75% reduction in commissioning timeMCC CERI is tasked with designing and building a new modern iron and steel plant under a very strict time frameA digital factory is being created and maintained alongside the physical factory to synchronize design, construction, delivery, and operation, improving both project delivery and asset performanceThe digital factory approach is enabling a 75% reduction in commissioning time, and typical operations savings of 60-70% by reducing energy consumptionProject OverviewWith the 2022 Winter Olympics scheduled for the congested city of Beijing, the owner of the Xuanhua Iron and Steel Plant took the opportunity to modernize the factory and relocate it to Tangshan on the coast. Moving the facility will substantially reduce pollution and carbon emissions, allowing attendees to enjoy the Games in a cleaner and safer environment. MCC Capital Engineering & Research Incorporation was hired as general engineering, procurement, and construction contractor for this large and extremely complex CNY 40 billion project. The design involved more than a dozen disciplines, including equipment, heating power, gas, ventilation, electrical engineering, and instrumentation. They were distributed across several project sites and MCC CERI's headquarters, making collaboration difficult.Challenge

The project posed significant technical, engineering, and coordination challenges, compounded by significant site constraints and the need to complete it before the start of the Olympic Games, which imposed a very tight timeframe on them. They also had to keep errors, omissions, and collisions in the design stage to a minimum, which proved difficult given the size of the project team. To meet the aggressive schedule MCC CERI had to build a digital twin of the factory (a digital factory) that would synchronize the design, construction, delivery and operation of the physical factory. To successfully complete this project, they needed to coordinate more than a dozen different engineering disciplines, spread across 70 sub-projects.BreakthroughA long-time user of Bentley Systems applications, MCC CERI chose to adopt a collaborative BIM methodology in a connected data environment. ProjectWise provided a collaborative design platform to coordinate all disciplines and manage the project design process and designdeliverables. The multidisciplineengineering team is using AutoPIPE, Bentley Raceway and Cable Management, Bentley Substation, MicroStation, OpenBuildings Designer, OpenPlant, OpenRoads, ProSteel, and ProStructures to design the equipment, inf rastructure , industr ia l p ipe l ines , ventilation and dust removal, and electrical bridges, all of which are intricate and complicated. Using SYNCHRO for the first t ime , they conducted const ruct ion simulation for precise layout and installation

within a limited space. Using digital photogrammetry with ContextCapture, they are tracking the as-built status in real time. MCC CERI developed an engineering data center based on AssetWise to bring together all the digital data, and enable 100% digital delivery integrating across engineering, construction, and operations. The digital twin of the factory includes all equipment and processes, collecting data from on-site controllers, equipment, operations, and other information, and uses the process equipment signals to drive simulations of production. In this way they achieve the real-time synchronization of the digital factory and the physical factory."With the 2022 Winter Olympic Games being held in Beijing, China, the Xuanhua Iron and Steel Plant, an old factory that has been in operation for 89 years and is not far away from the stadium, will be relocated to the Laoting Economic Development Zone in Tangshan City where an advanced, efficient, green, and intelligent modern factory will be built," said He Zhang, project BIM manager with MCC CERI. "The total investment of this project is more than CNY 40 billion, and Bentley's collaborative design solutions will allow us to build the digital plant and complete the project on time."OutcomeUsing ProjectWise to collaborate across disciplines, MCC CERI was able to shorten the design cycle by 35 days. The digital factory approach is reducing the i r commissioning costs by 75%, and using the digital factory to simulate production is enabling production process improvements.

CASE STUDY: World's largest relocation of an Iron and Steel Plant

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For example, a "typical operational saving" of 60-70% reduction in energy consumption is expected to be achieved by optimizing the operations of the shot blasting machine. Lastly, by meeting the very tight project time frame, MCC CERI is ensuring that there will be clear water and blue skies at the venues of the 2022 Beijing Winter Olympics.

– EPC World

India’s manufacturing sector hasaccommodated a paradigm shift in technology. Extensive research in MIM has paved way for efficient handling of powder sintering, injection molding, polymer rheology and metallurgy. Indian hardware sector has maintained high stability in its process, output and quality. A Closer Look into Manufacturing ProcessIn building net-shaped metal parts, MIM

involves an infusion of super-fine metal powders and a polymer binder system to c h u r n a h i g h l y s u i t a b l e fe e d s to c k appropriate for injection moulding. MIM has evolved to be in indispensable part of the electronics, pharmaceutical, automotive and aerospace sectors. In hardware, while materials such as alloy have a high compatibility rate with MIM, metals with lower melt temperature such as zinc and aluminium are less suitable for MIM. Nonetheless, MIM applies to a wide range of alloys, such as titanium and ASTM F17 nickel-free stainless steel.MIM incorporates a rigid frame—a matrix or mold, to give a concrete structure to liquefied raw material. Once the metal powder has created a feedstock, it is injected into a mold or suspended in liquefied polymer or wax. Applied heat and pressure wane away from the binder, whipping the powder into a mass using a process called “sintering.” The output of this mold is generally brittle yet the powdered solution lies compact in the binders. In the next step, the parts are loaded into a furnace of 2,400 degrees Fahrenheit blazing temperature. The heat shrinks the parts to their desired sizes besides densifying them up to 98%. If customers’ requirements stipulate, machining, coining and surface finishing and coating are also applied to the sintered component. The surface finishes achieved with MIM at 1 µm are infinitely better than alternatives where the cast part hovers around 3.2 µm.In hardware and accessories, MIM has consistently proved its brilliance, precision

How Metal Injection Molding can Advance Hardware Industry?

and efficiency. Through MIM, hardware components can attain commendable accuracy in hole thickness dimension error and wall thickness.MIM, Pivotal in HardwareOne of the cost-effective non-conventional ways to alter the traditional metal forging techniques, MIM is crucial in applications that require exceptional strength and magnetic permeability, impossible to achieve by plastic and light metal toys. India, MIM is instrumental in advancing the manufactur ing sector to complete technological rejuvenation. The hardware sector has benefitted from MIM metalworking process which has guaranteed large manufacturing of parts contrived in complex shapes at smaller sizes.In Indian hardware industry, manufacturers have shown persistent adherence to MIM for its low human intervention, inventory and raw material expenses. India, like its global competitors, is also revamping its injection molding market to meet the demands from the electronics automotive, medical, electronics & orthodontics industries. Globally, the market of MIM is estimated to grow to USD 5.02 billion by 2025 for its affordability in manufacturing small precision components which would be expensive to produce using alternate methods. With an annual turnover of US$ 3.5 billion in 2017-2018, the MIM industry in India is transitioning to a highly profitable industry.

– Machine Maker

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In the absence of engineering drawings, designs, soft copy of the model of a product manufactured long ago or without necessary details, Reverse Engineering comes to action. Where there is no information about the dimensions of an object except for the physical item itself, the quickest and most reliable way to reproduce it will be by reverse engineering. From component to drawing, as well as getting the soft copy of the model, reverse engineering has proved its efficiency in the long run.Advancement of TechnologiesEarlier, CMM machines were used to measure a specific component manufactured. I t measured the geometry of physical objects by sensing discrete points on the surface of the object with a probe. CMMs typically specified a probe's position in terms of its displacement from a reference position in a three-dimensional Cartesian coordinate system (XYZ axes).But now, the usage of 3D laser machines has made the task easier. It uses laser light to probe the subject. 3D laser machines scan ALL THE data of the component manufactured. On that basis, the model can be made again and again. The modifications, the drawings can also be changed through advanced sof tware technologies. After all the processes, the sample is ready to be prototyped and manufactured.PrototypingPrototyping is the sample manufacturing before going for mass production.Construction of the part or assembly is done

using 3D technology. Visually and functionally evaluating an engineering product design is what rapid prototyping is. From manufacturing one product tomanufacturing a large number of products, the process of reverse engineering to rapid prototyping helps to ease time and strain.In this fast-moving modern-day consumer market, companies need to develop and introduce new products faster to remain competitive. Since faster productdevelopment and technology innovation are key to a company’s success, rapid prototyping becomes the most important element of new product development.Integration of reverse engineering and rapid prototypingThe advancement of technology has been the factor that has driven the integration of reverse engineering to rapid prototyping. Even 50 years ago, the drawings, the designs of the components were done on the drawing table, after which it went for manufacturing and eventual mass production.For that reason, input data was not available for those products. Engineers had to re-draw and re-design for the same product again and again. But nowadays, every data gets stored in the database for which all the processes have become so time-consuming. That is the advantage of reverse engineering.Cost-effectivenessWith less time and labour being spent during the measurement acquisition and design iteration steps, 3D laser scanning is substantially cost-effective than most other measuring technologies. Furthermore, 3D laser scanning is affordable because it can

easily be outsourced to a company that specializes in 3D scanning services. This can reduce costs related to labour and operator training. The process of reverse engineering is particularly very cost-effective. Also, we can check the validity, rigidity, strength of the component through different types of software.Another advantage presented by reverse engineering is in compressing the product development cycle. In a highly competitive global market, manufacturers constantly strive to shorten lead-times to bring a new product to market. With reverse engineering, a 3D model can be quickly captured in digital form and remodelled if necessary or exported for a variety of manufacturing methods.The mindset of Indian companies to evolving processesIn a complicated, fast-moving world, innovation matters because it’s what brings customers to us. Indian companies have proven from time to time that they have a customer-centric approach that ensures innovativeness in everything they do. The right product innovation can not only save an organization from extinction but also help them sustain and grow by penetrating markets faster, connecting better with clients, seizing big opportunities and having an edge in the business competition.As opposed to the Chinese manufacturers’ focus on copying, Indian manufacturers are emphasizing creating. Reverse engineering, thus as a technology, can help manufacturers a great in bringing modifications to the existing products for tomorrow.

– Machine Maker

How Reverse Engineering can Save Manufacturers Valuable Production Time & Cost?

TM

CUTTING AND WELDING EQUIPMENT EXPO

TM

INTERNATIONAL MACHINE TOOLS EXPO USED MACHINERY EXPO

EXPO

TM

ENGINEERING AND MANUFACTURING EXPO

TM

EXPO

TM

3-5 SEPTEMBER 2021 at Bombay Exhibition Centre, Mumbai, India

6 co located events and one Grand Business

Carnival for Metal, Machinery and Manufacturing industries

HTF - for Advanced Hand Tools, Power

Tools and Fasteners CWE - for Advanced Cutting and Welding

Equipment & Technology including Laser

Technology IMEX - for Latest Machine Tools (CNC,

Laser, Shot Blasting, Measuring & Testing

Equipment and more……) UMEX – for Economical Pre-owned

machinery in the industry World of Metal – for Mineral, Metal,

Metallurgy & Materials TECHINDIA - for Engineering and Manufacturing (Pumps, Valves, Compressors and more……..)

Market News & Views, a weekly e news alert program covering Industry Updates , L a u n c h o f N e w Te c h n o l o g i e s , Partnership Opportunities , Industry Views, CSR activities

International Business Networking Program (IBNP) a monthly webinar covering key industry across Indian as well as some neighboring countries including China, Taiwan, Bangladesh, etc

Open Seminars during the event, a unique opportunity to have face to face interaction with industry leader and knowledge transfer

Expected Presence of 500+ leading Exhibitors from 15+ countries

4 Open Seminars

> Hand Tools, Power Tools &

Fasteners Know-How

> Advancements In Cutting &

Welding Equipment

> Machine Tools: Bringing Depth to

Manufacturing in Industries

> Technology Innovation for Metal

& Metallurgy Industries

Various New Launches by exhibitors.

Business Connect ProgramGrand Business Carnival

Contact Us

A Sneak Preview

Hyve India Private Limited(CIN. U92490DL2004PTC124343)

Innov8, 2nd Floor, 44, Regal Building

(Above Madame Tussauds Wax Museum)

Outer Circle, Connaught Place, New Delhi-110001, INDIA

Email: ed.india@hyve.group

Website: india.hyve.group, www.hyve.group

TM

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SOME LEADING COMPANIES AT THE EVENTS

Established in 1986 Painter leverages three decades of design and manufacturing to provide total finishing solution

that meet and exceed our consumer’s satisfaction. We are leading Wholesale Trader, Manufacturer, Exporter, Importer and Supplier of Impact Wrench, Spray Guns, Painter Professional Spray Guns, Air Compressor, Cleaning And Abrasive Guns, Electric Spray Gun, Pressure Cleaning Gun and Many More, located in Delhi, with wide sales and service network all over India. At Painter we believe the design process needs to be balanced with manufacturing realities. It is this understanding that allows Painter to deliver products that achieve success in the market. Our belief that need expands and diversify with time, guides us to keep pace with change, thereby channelizing our resources in production, marketing and distribution likewise.

Painter’s strength has been its workforce, which is its core asset. We are an equal-opportunity employer dedicated to quality, partnering with our clients, practicing up-to-date safety procedures, timely workperformance and providing professional expertise, while setting leadership standards in the industrial painting industry throughout the India.

Painter works to incorporate industrial design,

advanced materials and product engineering to create market leading products.Everest Industrial Corporation is a Delhi based firm, occupied in offering an extensive range of Impact Wrench, Spray Guns, Painter Professional Series, Air Compressor, Cleaning And Abrasive Guns, Electric Spray Gun, Pressure Cleaning Gun and Many More. These products are identified in the industry for their consistent performance, longer life service, reliable performance, fine finish, and low prices. To fulfill the varied necessities of our clientele, we are offering these products in diverse specifications. Our obvious in deal and close relation with all clients make us a reputable entity in the industry.

Alko Plus specializes in quality power tools,abrasives, diamond saw blades, TCT saw blades and hammer bits.

Our Main Products:-Diamond saw bladeTCT saw bladeCut off wheelHammer bitsPower tools and spare parts

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Everest Industrial Corporation/Khaitan Industries

Alkon Welding & Safety Equipment

Niko Tools Castfab Engineering India (P) Ltd.

NIKO Arc soaked deep into Metal welding process. We deal in all kinds of Welding Machines, Accessories,

Spare parts etc. We offer consultancy services and solutions for all kind of metal joining needs. We deal in machines like MMA /Arc, Tig, MIG, CNC, Plasma Cut etc. Our basic endure is to give best equipment and dependable after sales service. We are your comprehensive one stop solution centre for all welding requirements, always waiting to serve you.

Coimbatore (Tamil Nadu) based business entity, has successfully ventured into the realms of

manufacturing, supplying and exporting of Industrial Alloy Casting andSubassemblies. The company has catered to various industrial sectors like General Engineering Industry, Valves, Switch Gear, Automobile, Electronics, Power etc. Delivering quality products and prompt services, we have also set s strong foothold in the markets of USA and Europe. Moreover, ISO 9001: 2008 Certification also reflects the genuineness of the products and our credibility.Adopting ethical business practices, the company has carved a niche as one of the trustworthy Aluminum ClampsManufacturers and Industrial Spray Nozzles Exporters from India. Backed with a diligent team and advanced infrastructuralfacilities, the company has scaled new height of excellence. Last but not the least, we have made diligent efforts to meet the exact requirements of the clients and establish long-term relationship.

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...and many more31

...and many more32

USE FACE MASK CLEAN AND DISINFECT WASH YOUR HANDSFREQUENTLY

KEEP DISTANCE FROM OTHERS

AVOID TOUCHINGEYES, NOSE OR MOUTH

STAY AT HOMEWHEN YOU ARE SICK

COMBATING Basic

Protective

Measures