Business Conglomerates News

France-based Haropa port expects maritime trade with India to grow at double digit this calendar year after having reported 7% growth in 2016, said Herve Martel, , CEO - Port of Le Havre & President- HAROPA ports. “We have received encouraging response from the Indian policy makers as also from port, shipping lines & Indian trade during our four day visit to India and we hope to build upon this momentum with increasing French investments taking place in India,” Martel said at the concluding leg of the multi city road show that took place in Delhi, Chennai, Ahmedabad and finally in Mumbai. There are over 1,000 French subsidiaries, including Sanofi, Arkema, Dassault, Alstom, Total etc, in India.

Mitsubishi Heavy Industries, Ltd. (MHI) and STX Metal Co., Ltd., a marine diesel engine manufacturer in Korea, have signed an agreement under which MHI will license production and marketing of its MET Turbocharger*, a supercharger for marine diesel engines, to the Korean firm. By establishing a collaborative relationship with STX Metal, MHI aims for further market penetration of the MET Turbocharger in Korea, the world leader in marine diesel engine production. STX Metal is expected to complete production of the first unit of the MET Turbocharger in 2012.