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23 minutes ago
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Frauscher begins construction of global manufacturing hub in Mysore, India
Frauscher Sensor Technology India has commenced the construction of a new global manufacturing hub in Mysore, Karnataka. This development is said to highlight the company's commitment to the modernisation of India's railway sector and the government's 'Make in India' initiative. This facility will complement the company's existing manufacturing operations in Austria and is anticipated to be completed by October 2026. The new manufacturing hub will cover an area of 1.55 lakh ft² and is specifically designed to enhance sensor and board production while fostering technological 'innovation' and creating regional employment opportunities. It will feature two levels, with production activities located on the ground floor, while the first floor will accommodate office space, a research and development hub, and two specialised centres of excellence, including the Frauscher Training Centre and the Frauscher Experience Centre. The Frauscher Training Centre will serve as a dedicated venue for external training programmes, allowing railway professionals, partners, and customers to gain practical experience with Frauscher solutions and partner on real-world operational challenges. The Frauscher Experience Centre will showcase the company's advanced solutions, providing visitors with an in-depth understanding of the technology and its practical applications in the real world. Furthermore, the localised R&D hub aims to deliver customised product innovations tailored for the Indian Railways. This initiative is said to further enhance Frauscher's role as a dependable partner in the railway sector, with the ability to serve markets in Southeast Asia, the Middle East, and other emerging global regions from India. Frauscher Sensor Technology India managing director Akhilesh Yadav said: 'This new facility marks a significant step in our long-term strategy to support India's evolving rail ecosystem as well as markets beyond. 'It strengthens our ability to deliver at scale, drive local innovation, and respond faster to market needs. 'Our mission is clear: put operators in control, enhance network safety and efficiency, and build systems that are ready for the future of the Indian railway network.' The Mysore facility will incorporate sustainability features such as 100% wastewater recycling, rainwater harvesting, and groundwater recharge through percolation pits. Additionally, rooftop solar panels will be installed to generate clean energy for the site. In July 2025, Wabtec finalised an agreement to acquire Frauscher Sensor Technology Group for €675m ($794.6m) in cash. This acquisition is intended to enhance Wabtec's Digital Intelligence business by incorporating Frauscher's railway signalling technologies. "Frauscher begins construction of global manufacturing hub in Mysore, India" was originally created and published by Railway Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
China cuts ties with Czech President Petr Pavel over his meeting with the Dalai Lama
Czech China Dalai Lama PRAGUE (AP) — China's government said Tuesday that it has suspended all ties with Czech President Petr Pavel over his recent meeting with the Dalai Lama. Pavel met with the Tibetan leader on July 27 to congratulate him on his 90th birthday during his private trip to India. The Dalai Lama has been living in exile in the Himalayan town of Dharamshala since fleeing Chinese rule in Tibet in 1959. This meeting 'seriously contravenes the political commitment made by the Czech government to the Chinese government, and harms China's sovereignty and territorial integrity,' said a statement by a Chinese Foreign Ministry spokesman that was released by the Chinese Embassy in Prague. 'China strongly deplores and firmly opposes this, and has lodged serious protests with the Czech side. In light of the severity of Pavel's provocative action, China decides to cease all engagement with him.' The Czech presidential office hasn't immediately responded to that announcement. The Czech presidency is a largely ceremonial but prestigious post. China is maintaining ties with the Czech government as a whole. China views the Dalai Lama as a separatist. In exile, the Dalai Lama has managed to build a community that's kept the Tibetan culture and identity alive and has become one of the world's most recognizable figures while leading a Tibetan diaspora through their struggle for autonomy, and opposition of China's control of Tibet. Late Czech President Vaclav Havel was a friend of the Dalai Lama. Solve the daily Crossword
Yahoo
an hour ago
- Yahoo
India's Paytm Payments Services gets central bank nod to operate as online payment aggregator
BENGALURU (Reuters) -Indian fintech firm Paytm on Tuesday said its unit Paytm Payments Services has got 'in-principle' approval from the country's central bank to operate as an online payment aggregator. Sign in to access your portfolio
