Amber Group to acquire controlling stake in Israel based Unitronics
Unitronics offers an extensive range of industrial automation products designed to meet the unique requirements of different applications including design, development, manufacturing, marketing, sale and support of products such as PLCs (Programmable logic controllers), HMIs (Human-Machine Interface), PLCs with integrated HMIs, VFDs (Variable Frequency Drives), Servo Drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) with built in business intelligence, supported by its all-in-one software for machine and process control across various industries.
Unitronics has a robust global presence, delivering its solutions worldwide through an extensive sales network with US and European market contributing ~55% and ~40% of its sales respectively.
Unitronics is set to leverage IL JIN's extensive electronic manufacturing expertise and pan-India presence to enhance operational synergies, accelerate innovation, and strengthen its product position in India.
The acquisition aligns with Amber Electronic Division's strategy to expand its product portfolio in industrial applications. The combined strength lays a strong foundation for accelerated growth by localizing manufacturing through backward integration, enhancing competitiveness in India, and gaining access to global markets like the US and Europe amid rising demand for Industry 4.0 and real-time data technologies.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
25 minutes ago
- Mint
Trump administration to require bonds of up to $15,000 for travellers to enter the US
The steep price of the bond could make entering the U.S. prohibitive for some. The State Department may require travelers entering the U.S. from certain countries to post a bond of up to $15,000, a move aimed at deterring foreigners from overstaying their visas. Applicants for business and tourist visas from countries with high overstay rates would provide the funds to the U.S. Treasury and get them back if they exited before their visas expired, according to a notice published Monday outlining the yearlong pilot program. The bond amount of between $5,000 and $15,000 would be determined by a State Department consular officer reviewing a visa application, unless the requirement is waived, according to the announcement in the Federal Register. The program is a 'key pillar of the Trump Administration's foreign policy to protect the United States from the clear national security threat posed by visa overstays and deficient screening and vetting," the notice said. The steep price of the bond could make entering the U.S. prohibitive for some would-be foreign travelers. The notice doesn't outline which countries would be affected but said the department would announce the covered countries 'no fewer than 15 days before the Pilot Program takes effect." The requirement wouldn't apply to most European countries as well as South Korea, Japan, New Zealand, Australia, and other countries whose citizens don't require U.S. visas for temporary visits. A State Department spokesperson didn't respond to a request for comment on the program. Countries with some of the highest visa overstay rates in recent years include Afghanistan, Haiti, the Republic of Congo, Equatorial Guinea, Chad, Sudan and Myanmar, according to a Customs and Border Protection report to Congress last year. The State Department has in the past been reluctant to employ visa bonds because the 'mechanics of posting, processing and discharging a bond are cumbersome," according to the program announcement. The new program aims to test that notion 'to inform any future decision concerning the possible use of visa bonds." Write to Robbie Gramer at
India.com
2 hours ago
- India.com
India On Edge? Iran, Pakistan Revive Chabahar-To-Turkey Rail Link, Deepen Strategic Ties And Trade Corridors
New Delhi: Iran and Pakistan have formalised a renewed partnership that opens up new transport routes and expands trade links across the region. During his first official visit to Pakistan, Iran's President Masoud Pezeshkian signed a series of bilateral agreements aimed at boosting economic, technical and strategic cooperation between the two neighbours. Officials from both countries confirmed that Pakistani goods will now have overland access to European and Russian markets through Iranian territory. Analysts view this move as a potential game changer for regional logistics. They say it will offer an alternative to traditional maritime shipping routes that can be slower and costlier. This overland trade link is expected to be integrated with the International North-South Transport Corridor (INSTC), a multimodal trade network that begins at India's Mumbai port and runs through Iran to reach Russia and Europe. India and Russia have been actively developing this corridor, and the inclusion of Pakistan raises questions about new dynamics in the region. The Iran-Pakistan alignment also touches on Beijing's broader ambitions. China is exploring ways to link its China-Pakistan Economic Corridor (CPEC) with the International North-South Transport Corridor (INSTC), which could allow Chinese goods to move through Iran and access the Gulf and Central Asia. It will reduce dependence on the Malacca Strait. With a strong naval presence from both India and the United States in that region, Beijing has been looking for strategic alternatives to safeguard trade routes. As part of the new partnership, Iran and Pakistan have set a target to increase bilateral trade from USD 3 billion to USD 10 billion. Both sides have framed this goal as a step toward strengthened economic cooperation and long-term regional integration. President Pezeshkian got an unusual welcome in Islamabad, with Prime Minister Shehbaz Sharif personally receiving him at Nur Khan Airbase. The gesture was seen by many as a signal of how seriously Pakistan views its relationship with Tehran. The visit also comes at a time when Islamabad is balancing ties with the United States while seeking closer engagement with Iran. Pakistani officials have also reportedly raised the issue of Baloch separatist groups operating across the border, some of whom Islamabad claims receive support from abroad. A major highlight of the visit was the revival of the Islamabad-Tehran-Istanbul rail project. Both countries agreed to restore and operationalise the 6,540-kilometer railway line that connects South Asia with Europe through Turkey. Once it resumes full operations, the journey will take around 10 days that will be a major improvement over the 21-day maritime route. The division of the railway spans 1,990 kilometres in Pakistan, 2,603 kilometres in Iran and 1,950 kilometeres in Turkey. Although the project was initially launched in 2009, it has faced repeated delays. Officials now hope to revive the corridor to full capacity. For India, the developments hold serious strategic implications. Iran and Pakistan have discussed linking the Iranian port of Chabahar, that India helped build, with Pakistan's Gwadar port, which is operated by China. Iranian leaders have expressed interest in connecting both ports via trade and logistics routes. This proposed maritime link could dilute India's strategic influence in the region and give China greater access to Gulf waters. Gwadar has already been a focal point of Chinese infrastructure investment, with reports suggesting that a future Chinese naval facility may be in the works. If Chabahar and Gwadar are connected, it could reshape the geopolitical balance of port infrastructure in the Arabian Sea and create new strategic concerns for New Delhi. The series of agreements signed during President Pezeshkian's visit marks a turning point in Iran-Pakistan relations. As the regional landscape continues to evolve, the implications of these developments are likely to resonate far beyond South Asia.
Time of India
4 hours ago
- Time of India
Why Trump's threat is unlikely to wean India off Russian crude
AI photo NEW DELHI: Trump's latest threat is unlikely to affect India's decision to source crude from Moscow as long as it's cheaper than the alternatives. "We will go solely by the interest of our consumers and opt for the best option price-wise. If Russian crude works out cheaper than what we can get from other sources, why should we penalise our consumers?" said a senior government source who did not rule out the possibility of India exploring further discounts from Moscow in the light of Trump's threat. Sources said NSA Ajit Doval's visit to Russia, beginning Tuesday, will yield clarity on the geo-economic trilemma. The Centre has so far not made any move to wean off Indian oil refiners from Russian crude, which comes at a steep discount compared to purchases from west Asia or US. It has not just helped keep domestic pump prices lower, but also benefited European countries, which have been major buyers of diesel and jet fuel from India, sources said. Biz circles agree with Centre's criticism of Trump's latest diktat Business circles in New Delhi agreed with the Centre's criticism of Trump's latest diktat. "India's oil trade with Russia has taken place with full transparency and broad understanding with the US. One of the key reasons India stepped up Russian oil purchases was to help stabilise global oil markets after Western sanctions disrupted traditional supply chains. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 Most Beautiful Female Athletes in the World Click Here Undo By maintaining diversified and affordable energy access, India contributed to preventing a global oil price shock. Trump's decision to raise tariffs on India citing oil trade is not only unjustified - it ignores market realities, misrepresents trade data, and undermines a key strategic partnership in the Indo-Pacific," trade research body GTRI said in a note. Interestingly, Trump's sudden bid to arm twist India into abandoning purchase of Russian crude follows declining purchase from Moscow because of sheer logic of markets. In May, India's crude petroleum imports from Russia fell almost 10% to $9.2 billion. Trump's latest comment is expected to create fresh uncertainty among American buyers, who are in talks with Indian exporters for placing orders for the busy Christmas season. The government's firm stand on farm and dairy is seen to have come as a blow for Trump, who had gone public over a dozen times claiming that India had agreed to slash tariffs. Shaken by the govt's steadfast opposition to blocking genetically modified American corn and soybean as well as its public rebuttal of claims over the US mediating a ceasefire during Operation Sindoor have hurt Trump's claim to have brokered several peace deals - one in each month of his second term as president. During the talks, negotiators had indicated the government's willingness to step up purchases of American oil, gas, fertilizer and defence equipment to improve the trade balance which is tilted in India's favour. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
