Know industrial Engineering has brought you another 10 latest manufacturing Industry news summary series- part 2. Where we’ve picked up some of the important manufacturing news that created a buzz around the world.
You can check out part 1 herein.
STMicroelectronics & GlobalFoundries plans a new French microchip site
STMicroekectronics & U.S. partner GlobalFoundries is planning a new French chip-making site. The plan is announced on Monday, 11th of July. The site would require a multi-billion-euro collaborative investment.
The microchip-making site will help STMicroelectronics to yield more than $20 billion in revenue. This manufacturing site would create around 1,000 new jobs. And so, support the microchip supply to the European Union.
Source: The Times Of India
Know more about this latest manufacturing industry news: click here
Date:11/07/2022
The Russia-Ukraine crisis is affecting Indian TV-industry
The year 2020 was a success for TV industrialists. As TV was one of the primary entertainment resources for people, lock downed in their homes. But, soon the nation encountered ‘semiconductor chips scarcity’ used in TV manufacturing.
Though steps are being taken to fill the scarcity, China’s shutdown after the Covid-19 second wave & the Russia-Ukraine crisis became obstacles to it. As India depends on China & Russia to fulfil its chip demand.
Source: Manufacturing Today
Know the news in detail from the source: click here.
Date: 13/07/2022
India’s first private rocket engine factory opened in Chennai
A ‘made-in-India’ startup, Agnikul Cosmos, opened the nation’s first rocket engine-making factory on Wednesday. The plant was inaugurated by N. Chandrasekaran (chairman, Tata Sons) & S. Somnath, chairman, Indian Space Research Organisation (ISRO), in Chennai.
Srinath Ravichandran, CEO of the space startup is hopeful to help the nation to win higher satellite launching orders.
Source: Livemint
To know more about this encouraging latest manufacturing industry news: click here
Date:13/07/2022
Indian manufacturing export will reportedly hit $1 trillion in 2028
As per a report from Bain and Company, India’s manufacturing export will touch $1 trillion in 2028. The sector is strongly supported by government policies, production capacity expansion, & increased M&A activity followed by investments.
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I think all the manufacturing peps should know all these things, thanks for sharing
Absolutely, Meet!
India’s manufacturing industry is going to hit $1 trillion soon. How do you see the role of Make In India initiative?
Thanks for sharing!
Pleasure is mine, Deepak!
Can you please make a minute & share which news intrigued you the most?