Published By : Admin | September 22, 2010 | 12:07 IST
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Expanding its footprint in India, Duravit India Private Limited, a wholly owned subsidiary of Germany-based luxury sanitaryware manufacturer Duravit AG, launched its factory at Anand district’s Tarapur, 120 km away from Ahmedabad in Gujarat on Wednesday.
This is Duravit AG’s first factory in India and 10th globally. It spreads across 170,000 square metres of land. The factory,has been set up at an estimated investment of Rs 120 crore. It will initially produce 500,000 pieces of ceramic bathroom fittings.The company has set first-year revenue target at around €30 million (Rs 179 crore).
The German firm had signed a MoU during the Vibrant Gujarat Global Investors’ Summit (VGGIS) in 2007 to set up the plant with an investment of Rs.70 crore, but defied the global recessionary trend to set up the modern plant.
According to Ashutosh Shah, managing director, Duravit India Pvt Ltd, the company intends to double the capacity in the next 2 years with estimated investment of Rs 15 crore. Though the factory is set up primarily for Indian market, the company also plans to export surplus goods to Africa through Gujarat plant.
“India is an important future market.It has a growing lifestyle consumer base due to its healthy economic development,” Chairman Board of Management Duravit Group Franz Kook said.
Gujarat Chief Minister Narendra Modi, who inaugurated the facility said that he would like Duravit AG set up a hockey institute in Gujarat as Kook is a former hockey player.
Kook had first visited Gujarat in 1962 to participate in the International Hockey Tournament as a German team player.
Shri Modi hoped that the state’s ceramic industry will reinvent itself to provide strong competition to China in the global market.
Shri Modi said the Gujarat’s ceramic industry is traditionally located near the Morbi industrial belt in the Saurashtra region, but it was laudable that the German sanitaryware major set up this plant in Anand district in central Gujarat.
Top Semiconductor CEOs express their appreciation after meeting PM Modi
September 10, 2024
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The Prime Minister, Shri Narendra Modi today chaired the Semiconductor Executives’ Roundtable at 7, LKM. The Prime Minister discussed a wide range of subjects relating to the semiconductors sector. Shri Modi spoke about how this sector can further the development trajectory of our planet. He also highlighted the reforms taking place in the country making India a great investment destination.
The CEOs appreciated India’s commitment to the growth of the semiconductor sector and said that what has transpired today is unprecedented wherein leaders of the entire semiconductor sector have been brought under one roof.
Sanjay Mehrotra, CEO of Micron said that PM Modi's vision of developing semiconductors in India and increasing self-reliance is very exciting and the policy set up by Prime Minister Modi to incentivise semiconductor manufacturing in India is also very very exciting. “This is the perfect timing for India's semiconductor mission, to develop semiconductor opportunities, because AI will grow, opportunities will increase and I really believe that the best is yet to come”, he added.
Ajit Manocha, CEO, SEMI said that there's no parallel to the Prime Minister's leadership and that it is exceptional. He said that it has not just inspired India but the entire world. “Modi's leadership thinks it's so nice that the whole world is coming with me to this summit”, he added.
Kurt Sievers, CEO NXP said that he is extremely excited and delighted by Prime Minister Modi's vision, consistency and foresight into what is needed from a semiconductor industry ecosystem development perspective for India. He said that he has not met a single world leader with such deep expertise in the Semiconductor industry as the Prime Minister.
Randhir Thakur, CEO, TEPL said that the Semiconductor industry is really excited about the vision of the Prime Minister and how he's looking at the digital infrastructure for the future of our country. He said that semiconductors will play an important role in Viksit Bharat.
Bob Pragada, CEO, Jacobs said that the work being done by the Prime Minister to elevate India on the global scale is something that not only India but what the world needs. “India to be at the forefront of the manufacturing renaissance. That's about to happen. I think within the next decade, India can be a leader on the world scale”, he added.
Hidetoshi Shibata, CEO, Renesas said that the Prime Minister’s message is always simple and clear, so we know what he wants. “Absolute clarity always helps, makes very agile and fast progress”, he added.
Luc Van Den Hove, CEO of IMEC said that he is extremely impressed with the leadership shown by the Prime Minister. He lauded the Prime Minister’s commitment and dedication to making India a powerhouse in the area of semiconductor technology. He also expressed satisfaction with the Prime Minister’s long-term R&D vision beyond manufacturing. He Reached out to form a very strategic partnership to enable India to become strong in R & D.
Russell C Ellwanger, CEO, Tower said he thought the Prime Minister’s vision and the execution thereof is one of a kind, truly commendable.
Anirudh Devgan, CEO, Cadence said it's really good to see Prime Minister Modi's leadership over the last few years. He said semiconductor is essential technology for all digital industries. And with Modi Ji’s leadership, there is a big momentum compared to three years ago. He said he has been fortunate to be involved in it from the beginning and it's really positive to see every year there is big improvement.
Sassine Ghazi, President & CEO, Synopsys said in the last two, three years, the enthusiasm and the focus around the sector with clear strategy of how to and where to invest from design all the way to manufacturing. He said right now what he is seeing, the interest, is to go from an engineering center to create products for both local and global consumption.
Prof Arogyaswami Paulraj, Emeritus Stanford University said he must say that India has taken a huge step forward in the semiconductor industry. “A lot of energy, a lot of progress, and it's really the honorable Prime Minister's vision and drive that has made it happen”, he added.
Vellayan Subbiah, Chairman, CG Power said that it is a really exciting time for the semiconductor industry and that this is just the beginning. He also predicted India getting to an unprecedented level and lauded the never-before-seen level of industry-government collaboration.
Prof Pradeep Khosla - Chancellor, UCSD said the Prime Minister has shown an amazing vision in the Semiconductor Mission. He said no administration in the history of this country had the courage to create a right policy when it came to semiconductors and he was so glad that the Prime Minister has his vision and he has a commitment and I'm confident he's gonna make us succeed.
