ABB Unveils eMart, its B2B & B2C Online Marketplace in India

 ABB India, today announced the launch of eMart, an online marketplace portal, which will offer more than 6,000 products from its Electrification Business for home and industrial buyers.

This unique B2B & B2C platform will be the first of its kind in the industry, owing to its dynamic, price-transparent model. It aims to provide an equally fair and favorable experience to both ABB distributors and customers, further boosting the agenda of the country’s Digital India program.

ABB eMart also provides a dynamic model to empower partners to set their own competitive pricing for the products they sell on the platform, while simultaneously providing customers with a choice of the best deals to suit their specific needs.

Customers will be able to access technical specifications as well as interactive product images for each item at their fingertips. They can select their best-suited option by referring to the product and seller reviews on the portal. ABB has partnered with authorized distributors with a digital presence from across the country, and is enabling them to expand their reach by offering products and solutions on eMart for home as well as industrial customers.

eMart hosts a wide range of products, which ranges from digital circut breakers, contactors, Molded Case Circuit Breaker (MCCB), modular swtiches, Miniature Circuit Breaker (MCB), Residual Current Circuit Breaker (RCCB), home automation, medium voltage relays and related products. With this move, ABB India aims to further expand its reach in untapped markets while strengthing its presence in the existing sector, maximizing the changing customer buying preferences with a seamless digital experience.

“At ABB, we are committed to creating avenues that fast track the digital transformation journey for our customers and partners. The eMart is another achievement in the same direction, aiming to to create a reliable yet distinct customer experience with digital solutions. It aims to build a digital ecosystem and infrastructure between the manufacturer, the partners, and the customers and provide impetus to the business climate and the Digital India program,“ said CP Vyas, President, Electrification business, ABB India. “This platform will be another stream for business enhancement for our partner and distributors and provide the next level of customer experience,“ he added.

As the world adapts to the new normal, ABB recognizes that online buying experiences and a one-stop access to immediate product requirements are increasingly the need of the hour. Designed for a user-friendly experience, eMart has been optimized with easy navigation for desktop and mobile browsers, and curated results for each type of buyer. The platform allows for order queries to be addressed online and is supported by secure payment methods including net banking, eWallets, and UPI, also abiding by General Data Protection Regulation (GDPR) in terms of customer data.

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 110,000 talented employees in over 100 countries. www.abb.com

Godrej & Boyce Sees Growth in Precision Engineered Equipment as “Make in India” Policy Gathers Momentum

Make in India

* Delivers critical equipment to help India’s biggest indigenously developed nuclear power project achieve key operational milestone

Godrej & Boyce, the flagship company of the Godrej group said that there is likely to be rapid increase in the demand for precision equipment and larger opportunities for growth in bespoke engineering systems and equipment offerings as the country’s “Make in India” mission gathers greater momentum.

A strategic partner of Nuclear Power Corporation of India (NPCIL) for over 20 years, Godrej Precision Engineering was integrally involved in supplying mission critical equipment to NPCIL for the Kakrapar Atomic Power Plant-3 - the first indigenously built 700 MWe Pressurized Heavy Water Reactors (PHWR) in India that achieved criticality recently.

Godrej Precision Engineering delivered the Fueling Machine Bridge & Carriage for Kakrapar Atomic Power Plant-3 which are installed in the critical zone of the Nuclear Power reactor.

With approval of 10 new 700 MW nuclear power projects, competent and committed partners with necessary experience in design, engineering & manufacturing, backed by significant scientific knowledge and technical prowess, will be one of the key drivers of the government’s ‘Atma-Nirbhar’ initiative. 

“At Godrej & Boyce, we have been investing for over 50 years in building strong engineering and machine-building capabilities and partnering with Indian institutions to deliver complex equipment for key strategic industries like Nuclear Power and Defence”, said Mr Jamshyd N Godrej, Chairman and Managing Director of Godrej & Boyce.

“Our strong experience of mission-critical systems and an integrated framework for design, manufacturing and testing will help accelerate India’s journey towards industrial self-reliance”, Mr. Godrej added.

“Our ability to innovate and execute has helped us partner with our customers and the equipment has been ‘made in India’ for the first time”, said Kaustubh Shukla, Chief Operating Officer, Industrial Products Group, Godrej & Boyce.

Godrej Precision Engineering manufactures custom-built equipment for complex and sophisticated systems for several mission-critical applications in nuclear power, land based and naval systems for Defence and for other industries like Steel, and Wind Energy. Besides equipment for Nuclear Power, the business unit executes orders for defence land systems like Brahmos Missile Launchers, Missile carriers and Naval systems like Diving and Surfacing Systems, Hull Equipment, Life Raft Container Ejection Systems, Steering Gear and so forth.

Each high precision, custom-built equipment is developed, manufactured and tested according to stringent quality requirements of our customers.

About Godrej & Boyce Mfg. Co. Ltd.

Godrej & Boyce (‘G&B’), a Godrej Group company, was founded in 1897, and has contributed to India’s journey of self-reliance through manufacturing. G&B patented the world’s first springless lock and  since then, has diversified into 14 businesses across various sectors from Security, Furniture, Aerospace to Infrastructure and Defence. Godrej is one of India’s most trusted brands serving over 1.1bn customers worldwide daily.

Twenty seven lose job every hour in America

Despite the US economy showing indications of recovery, the global job market remains gloomy, with companies laying off at least 27 employees every hour to cut costs.

With companies continuing to reduce their headcount in their efforts to tackle the downturn, around 13,000 jobs have been slashed so far in September by some of the leading global firms most of them headquartered in the US.

Job losses of about 12,900 have been witnessed in just 20 days of this month, translating into an average of 645 people being laid off per day. In turn, the toll comes to at least 27 people losing jobs per hour.

The lay-offs are happening across almost all the sectors from pharma to software to refinery, among others.

Most of the job cuts happened in the United States, which has already seen a staggering 5,50,000 Americans filing for unemployment benefits in the first week of September.

Last week, US Federal Reserve chairman Ben Bernanke said the recession is “very likely over,” while America’s retail sales data strengthened on hopes that recovery from the economic downturn was progressing.

Bernanke, however, said that recovery would be slow and it would take time to create jobs.

September’s job cut wave was led by pharma major Eli Lilly & Company, which will slash around 5,500 jobs globally by 2011.

While in terms of numbers, diversified technology leader Danaher came next with 3,300job cuts followed by agricultural company Monsanto, which would reduce its headcount by 8% of its total workforce or about 1,800 people.

Defence major BAE Systems is also planning to cut 1,116 jobs across plants in the country and may shut down one of its facilities by the end of 2012.

Moreover, US-based computer maker Dell is eliminating 500 people while Deere & Company is reducing its workforce by 367 manufacturing employees.

Other companies which announced job cuts include — Valero Energy, which slashed the jobs of 150 employees and 100 contractors, HJ Heinz’s frozen food arm fires 65 workers in Idaho.

Agencies