‘We have withdrawn the notice to declare lockout at our main plant in the city as conciliation talks with the workers’ union are at an advanced stage and things are looking better,’ Bosch India spokesman Sanjay Chakravarty told IANS here.

The Indian subsidiary of the German behemoth declared lockout late Monday at Naganathapura plant near the electronics city, about 30 km from here, to protect machinery and following tool down strike by its 1,000-strong workforce over wage revision.

‘We have decided not to go ahead with the lockout at our main plant to facilitate an early settlement on a revised wage accord and ensure normalcy returns though workers in the city plant are on go-slow strike hampering productivity,’ Chakravarty said.

The company Thursday threatened to declare lockout at the main plant too if the 2,400 workers continued with their go-slow and tool down tactics.

The 57-year-old Indian subsidiary has been embroiled in a running battle with the Mico Karmika Sangha (Mico trade union) representing about 3,500 members working at its two plants since January 2009 over a new wage accord after the previous accord expired December 31, 2008.

Bosch India manufactures spark plugs, alternators and generator starters for the Indian automotive industry and exports to its parent’s group firms worldwide.

Bosch’s OEMs include Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Ford, Ashok Leyland, Kirloskar, Hyundai and TVS Motors.

‘We are willing to lift the lockout at Naganathapura, provided the employees restore normalcy and agree to production schedule,’ Bhattacharya asserted.

Of the four major plants in the country, the two Bangalore plants account for 55 percent of the company’s production and sales turnover, which was Rs.47.5 billion in calendar year 2009.

The other two plants are at Nashik in Maharasthra and Jaipur in Rajasthan.

– Indo-Asian News Service

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Ending years of stagnation in their economic ties, the two sides decided to take their ties beyond defence purchases by signing pacts on oil exploration, trade in diamonds and import of fertilizers.

Prime Minister Manmohan Singh held talks for around two hours with Russian Premier Vladimir Putin, who is on a 22-hour visit to India, to accelerate their cooperation across a range of areas spanning civil nuclear energy, space, high-technology to defence, hydrocarbons, trade and telecommunications.

‘I convey to Prime Minister Putin that relations with Russia are a key pillar of our foreign policy and we regard Russia as a trusted and reliable strategic partner,’ Manmohan Singh said at a joint press conference with Putin.

Besides reviewing bilateral ties, the two sides also discussed a cluster of regional and global issues, including counter-terrorism, the situation in Afghanistan and Pakistan, the upcoming Nuclear Summit in Washington, and the international financial crisis.

The two sides inked five agreements in the presence of the two leaders. Several other agreements were inked on the sidelines of the talks.

The signing of the umbrella nuclear pact, initialled during Manmohan Singh’s trip to Moscow in December last year, and another one laying out a roadmap for the serial construction of Russian design reactors are set to open more avenues of nuclear cooperation between the two countries.

A separate commercial contract between India’s public sector nuclear monopoly NPCIL and Russia’s Atomstroy Export was also signed for building two more civil nuclear reactors of 1,000 MW each at Kudankulam in Tamil Nadu.

Russia is already building two reactors at this site. India has allocated another site for Russian nuclear reactors at Haripur in West Bengal. ‘This is one of our major, far-reaching, promising areas of interaction,’ Putin said while talking with Indian businessman in Mumbai, Bangalore and New Delhi through video-conferencing.

Cooperation with India in nuclear energy will include not only building reactors and supply of the fuel, but also waste disposal, he said.

Marking a new high in their high-tech cooperation, the Indian Space Research Organisation and the Russian space agency inked a pact on civilian application of the Russia Glonass (the Global Navigation Satellite System), the Russian equivalent of the US Global Positioning System.

The sealing of the long-delayed renegotiated deal for Admiral Gorshkov, renamed by India as INS Vikramaditya, fixing the price at $2.35 billion has removed an irritant in bilateral ties that had tended to cloud the decades-long defence ties between the two countries. Fourteen supplementary agreements were signed for finalisation of cost and other technical aspects of the carrier.

Despite new players like France, Israel and the US supplying military hardware, Russia continues to account for 60 to 70 percent of total Indian defence purchase, making it the largest supplier of military hardware to India.

The two sides also inked a deal for development of multi-role transport aircraft.

The big breakthrough, however, came in a slew of steps aimed at scaling up their current $7.5 billion bilateral trade to $20 billion by 2015. The economic ties have not matched the level of political trust and strategic partnership the two countries have enjoyed since the Soviet era due to a host of issues.

The two sides have identified IT and telecommunications as focus areas fOr future economic cooperation, Manmohan Singh said.

Besides two pacts on import of potash and mineral fertilizers, Russian state diamond monopoly AlRosa and Diamond India Ltd signed three more pacts. Two more pacts were signed between private diamond trading companies.

Russian state monopoly Gazprom also inked a pact with India’s ONGC on oil exploration in Russia.

‘There is the political will on both sides, but we need support from the captains of industry,’ Putin said. ‘We should think about the future,’ Putin said, adding that commercial ties must expand into areas such as energy, banking and IT.

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The Diamond Mines of South Africa; Some Account of Their Rise and Development

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Alrosa signed three pacts with Diamond India Ltd and another two accords were signed with private companies, Ratilal Becharlal & Sons and Rosy Blue.

The three companies are expected to buy diamonds worth a total $490 million over the next three years, Alrosa spokesman Andrei Polyakov said.

India has proven expertise in processing rough diamonds. India processes about seven in every 10 of the world’s diamonds.

The long-pending deal on diamonds is part of a new strategy to transform bilateral economic ties with India that have not matched the level of political trust and strategic ties the two countries have enjoyed since the Soviet era.

In a video conference with Indian businessmen, visiting Russian Prime Minister Vladimir Putin said he was determined to transform economic relations between India and Russia.

The two sides plan to scale up their current $7.5 billion bilateral trade to $20 billion by 2015.

Besides deals on diamonds, the two sides also signed two pacts on import of potash and mineral fertilizers. Russian state monopoly Gazprom also inked a protocol on cooperation with India’s ONGC on oil exploration in Russia.

Putin vowed to boost banking cooperation with India through joint ventures. During the talks between Prime Minister Manmohan Singh and Putin, the two sides identified IT and telecom as future areas of economic cooperation.

‘There is the political will on both sides, but we need support from the captains of industry,’ Putin said. ‘We should think about the future,’ he said.

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The Nuclear Fuel Cycle: From Ore to Waste (Oxford Science Publications)

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‘India has expressed interest for help in disposal of nuclear waste,’ he said.

Putin also focused on upgrading security of nuclear plants. Alluding to the 1986 nuclear disaster at Chernobyl, he said upgrading and increasing the safety features in nuclear power plants were key elements of Russian technology it would provide India.

India and Russia are expected to sign an umbrella civil nuclear agreement Friday night after talks between Prime Minister Manmohan Singh and Putin.

Putin arrived in the Indian capital Thursday night on a 22-hour visit.

Russia is helping India build two atomic reactors in Kudankulam in Tamil Nadu and plans to add another four units at the same site. India has allocated another site for Russian nuclear reactors at Haripur in West Bengal.

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He said the India-Britain industrial forum were developing new initiatives on sustainable manufacturing solutions.

‘Through the initiative, UK academia and industry are working with Indian partners to exchange ideas on low-carbon, low-resources manufacturing solutions,’ he said.

‘The shift is towards low-carbon as it represents a huge economic opportunity for Britain by offering huge cost savings to business and public sector in the form of energy and resources efficiency,’ Andrew said at an interactive session ‘UK-India Business Partnership: Low Carbon Economy’ by the Confederation of Indian Industry (CII).

Andrew, the fourth in line of succession to the British throne after his elder brother Prince Charles and his two sons, said the countries can develop economic ties on developing cleaner coal technology, steel industry and low-carbon automotive technologies.

‘The UK is the world’s global hub for low-carbon technologies …there are a number of sectors such as wind, wave and solar energy, in which the UK is already active in India and where there is a scope for better collaboration,’ Andrew said.

On prominent educational institutions in Britain, Andrew said: ‘The track record of Cambridge and Oxford Universities and Imperial College London in commercialising their research and transferring it from the lab bench to the market place is among the best in the world.’

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State-run Gail has a target of laying 300-400 km of pipeline in the next 3-4 years.

‘Gas is going to play a major role. The demand of energy is definitely going to grow manifold. We are taking natural gas further into the country. This event will also help us to look at the international gas market,’ said Tripathi.

The Federation of Indian Chambers of Commerce and Industry (FICCI) is organising the summit along with GAIL and the International Gas Union.

‘Should India’s gas pricing structure be rationalized and how India will utilize its gas produce are some issues which will be discussed at the summit,’ said Amit Mitra, the FICCI secretary general.

At least 400 delegates and 47 speakers from 11 countries, including the deputy premier and minister of energy and industry from Qatar, Abdullah Bin Hamad al-Attiyah, will take part in the two-day event.

Petroleum Minister Murli Deora and Commerce Minister Anand Sharma are expected to attend the summit.

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Corrosion of Aluminium

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In the agreement signed by company chairman-cum-managing director A.K. Srivastava with Mines Secretary Santha Sheela Nair, NALCO has projected 100 per cent capacity untilisation of its aluminium smelter at Angul and its refinery at Damanjodi in Orissa.

The company has also projected to produce 7,715 million units of power at 85 per cent PLF (Plant load factor), from its 1,200 MW captive power plant at Angul.

Besides, the company has projected higher financial targets and early completion of its on-going second phase expansion projects, a company statement said Friday.

Among other things, the company has agreed to focus on completing the various targets of Utkal-E coal block for coal production by June 2012, Aluminium Park in Angul in joint venture with the Orissa industrial Infrastructure Development Corporation (IDCO).

The company has also agreed to complete the greenfield smelter abroad and development of recently allotted bauxite deposits in Andhra Pradesh for setting up a mine and alumina project at a cost of Rs.6000 crore.

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As per to data available with the National Stock Exchange (NSE), response of qualified institutional buyers was overwhelming, while that from retail investors was hesitant. Maximum bids were also received in the lower end of the price band.

Prior to this, an offer by another state-run firm, Rural Electrification Corp Ltd was over-subscribed 3.1 times, while that of power utility NTPC evoked a lukewarm response and ended up with bids barely 1.2 times more.

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The project comprises inter-plant transportation facilities at Rourkela Steel Plant in Orissa. The major equipment to be supplied as a part of the turnkey project are belt and pipe conveyors, double roll crushers, vibrating screen, vibrating feeder, steep angle conveyor, payloader etc. The project includes complete civil and structural work, electrical, instrumentation and utilities.

Also, the firm has been awarded a project worth Rs.24.38 crore for construction work in Tripura by the National Projects Construction Corporation (NPCC).

The project involves designing, engineering, equipment supply, civil work, structural work, erection and commissioning of flood lighting along the Indo-Bangladesh Border.

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Prime Minister Manmohan Singh held talks for around two hours with his Russian counterpart Vladimir Putin, who is on a 22-hour visit to India, to accelerate their cooperation across a range of areas spanning civil nuclear energy, space, high-technology to defence, hydrocarbons, trade and telecommunications. The two sides signed five agreements in the presence of two leaders.

Besides reviewing bilateral relations, the two sides also discussed a cluster of regional and global issues, including counter-terrorism, the situation in Afghanistan and Pakistan, the upcoming Nuclear Summit in Washington and the international financial crisis.

They signed an umbrella nuclear agreement on peaceful uses of nuclear energy. Initialled during Manmohan Singh’s trip to Moscow in December last year, the umbrella nuclear accord promises to open more avenues of nuclear cooperation between the two countries.

The two sides also signed another pact on serial construction of Russian designed nuclear reactors.

‘This is one of our major, far-reaching, promising areas of interaction,’ Putin said while video-conferencing with Indian businessman in Mumbai, Bangalore and New Delhi.

Cooperation with India in nuclear energy will include not only building reactors and supply of the fuel, but also waste disposal, he said.

Addressing concerns of safety, Putin said the new generation of nuclear reactors developed in Russia have been used in several sites in his country and are considered among the safest in the world.

The two strategic allies also sought to boost their economic cooperation by signing two pacts on import of fertilisers.

The two sides are now aiming to more than double their current $7.5 billion bilateral trade to $20 billion by 2015.

‘There is political will on both sides, but we need support from the captains of industry,’ the Russian prime minister said.

‘We should think about the future,’ he said, adding that commercial ties must expand into areas such as energy, banking and information technology.

‘Cooperation in hi-tech is the priority for us,’ Putin said. ‘The Russian government is ready to directly support this activity, with the help of additional financial assistance, if need be.’

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