The control valves, actuators, and positioners market in India is largely driven by process industries, which are under multiple pressures: to improve energy management; adhere to standards and regulations; streamline production processes; and reduce costs. Economic instability and exchange rate fluctuations caused some uncertainty in 2011 but the market is still growing. India’s domestic demand driven market propels rapid industrialization and economic growth. Growth is further regulated by monetary and fiscal policies. While the economy of India has slowed down due to weakening external demand, the robust domestic demand continues to remain strong. Due to its domestic-demand-driven economy, India has emerged as one of the fastest growing economies in the world.

According to ARC Advisory Group’s research, the total control valve, actuator, and positioner market in India will register CAGR of over 7.5 percent by 2016. ARC’s latest study, “Control Valves for India Market Research Study” provides an in-depth analysis of the control valve, actuator, and positioner business in India. In addition to market analysis and forecasts, the study also covers the current market nuances, strategic issues, and the future outlook. The report also highlights the factors that influence the control valve market in India and its dynamics.

Mitsubishi Electric Corporation has announced that its subsidiary Mitsubishi Electric India Pvt. Ltd. will host a new factory automation (FA) development center on its premises for business expansion in India. Scheduled for launch on March 1, the Indian FA Development Center will strengthen R&D functions in the FA business to better meet needs in the growing Indian market and global market beyond.

The Indian FA Development Center will develop programmable logic controllers and human machine interfaces by collaborating with Mitsubishi Electric India' s marketing division. It also will develop basic technologies common to diverse FA products in cooperation with Mitsubishi Electric FA development centers worldwide, including the European FA Development Center in Dusseldorf, Germany, the North American FA Development Centers in Boston and Chicago, U.S.A and the China Design Center in Dalian, China.

The center, the newest technical division of Mitsubishi Electric India' s Pune branch, will launch with a workforce of 37 including two Japanese employees.

Honeywell recently opened its first automation and process controls training center in Hanoi, Vietnam in partnership with Petro Vietnam Oil and Gas Group and Petro Vietnam University. The school aims to boost technical skills of local engineers and to build a high-quality talent pool for the process industry in Vietnam and surrounding countries.

The automation training center located at Petro Vietnam University will offer various standard and customized training courses to both undergraduates in process and chemical engineering and experienced engineering professionals including local automation engineers, plant operators and maintenance technicians. In this collaboration, Honeywell Process Solutions will provide the full suite of equipment including both hardware and software to be used in the curriculum so that students can gain hands-on experience with Honeywell process automation solutions. The training center is expected to attract thousands of students in the next three years.

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by the joint venture comprised of CH2M HILL Australia Pty Ltd. and UGL Engineering Pty Ltd. for the design and supply of three utility package steam generators located at the Ichthys Project onshore LNG facilities at Blaydin Point, near Darwin, Northern Territory, Australia.

Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed and the contract value will be included in the company’s first quarter 2013 bookings. Delivery of the new steam generators is scheduled for fourth quarter 2014.

Foster Wheeler will design and supply the package steam generators plus auxiliary equipment for the project, which will be designed to burn both low pressure natural gas and liquid iso-pentane while meeting applicable environmental regulatory requirements. The three steam generators will be designed to generate a total of 278 tonnes per hour of reliable, high-pressure superheated steam which will be fed to the customer’s steam header.

“Our package steam generators have been an integral part of our steam generator product range for over 60 years,” said Byron Roth, Chief Executive Officer of Foster Wheeler North America Corp., which will be executing the contract. “Foster Wheeler is pleased to provide value to this important oil and gas project in Australia.”