SIMA sets benchmark for industrial estates Updated: Updated: Involvement of stakeholders makes a difference at Irungattukottai Share Article AAA Setting an example: The well-paved service roads lined with avenue trees and installed with LED street lights makes SIPCOT estate Irungattukottai stand out in the State. Involvement of stakeholders makes a difference at Irungattukottai The SIPCOT estate at Irungattukottai stands out in the State for its success in nurturing a model industrial township. Managed by SIPCOT Irungattukottai Manufacturers Association (SIMA), the cluster houses a number of automotive companies and auto ancillary units. SIMA, which was founded in 2010, has as its members Hyundai Motor, Schwing Stetter, JKM Automotive and Asahi India Glass.
(MENAFN - GetNews) The demand for sustainable and energy-efficient infrastructure around the world, coupled with the desire of automotive companies to achieve optimum sustainability and fuel efficiency in their products, has radically increased the demand for solar control glass, according to a recent report by Grand View Research. The global solar control glass market is projected to be worth USD 8.88 billion by the year 2024, advancing at 9.3% CAGR over the forecast period, as per a report by Grand View Research, Inc. The exponential increase in demand for innovative heat and light control solutions, on account of the positive developments in the construction and automotive industry, is expected to propel market growth.Solar control glass allows a significant amount of sunlight to pass through and reflects a large amount of solar heat, thus making it suitable for green building applications. The growing trend of green buildings constructions with high energy efficiency and reduced carbon dioxide emissions is expected to drive the industry demand for solar control glass over the forecast period.
Broker s call: Asahi India (Buy) | Updated on CMP: ₹274.50 Asahi India Glass (AISG) along with a consortium of glass manufacturers filed for the imposition of countervailing (CVD)/anti-subsidy duty on the import of ‘clear float glass’ from Malaysia with the designated authority. The conclusion of the investigation has led to imposition of over 10 per cent additional CVD on key Malaysian exporters. This action coupled with the earlier renewed anti-dumping duty (ADD) could effectively lead to price increase of imports into India by about 19-34 per cent (assuming other costs are stable). For example: If the CIF/landed value of exports to India by Xinyi for PUC is US$250/MT, Xinyi has to pay $22.87/MT as ADD and $24.35/MT (as CVD. With the same price of exports, other exporters will be paying $76/MT as ADD, and $10.05/MT as CVD.
Markets maintain firm trend in afternoon session December 28, 2020 Sensex rallies over 300 points to 47,287, Nifty up 101 points at 13,851 The benchmark indices, the BSE Sensex and NSE Nifty, maintained their firm run in the afternoon session on Monday. At 1.30 pm, Sensex was up 314 points or 0.67 per cent at 47,287. Nifty was trading at 13,851, up 101 points or 0.74 per cent. There was no let-up in the market momentum in the last week of 2020, as benchmarks continued to climb on the back of buying by foreign institutional investors. While the Nifty-50 crossed the 13,800-mark quite comfortably, the BSE-500 crossed the 18,000-mark in early trade on Monday.