India to invest $30 billion in IT industries & chip supply chain
India has planned to invest $30 billion in tech startups & semiconductor supply chain.
This is to serve its own demand for semiconductor chips & to lessen its ‘kept hostage’ feature by foreign suppliers only.
Source: The Economic Times
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Date: 16/06/2022
Foxconn’s EV manufacturing to expand in South-East Asia
Foxtron is a Taiwanese electronics giant Foxconn’s Electric Vehicles venture. It is now planning to expand its EVs manufacturing units beyond China, to South-East Asia including the Tamil Nadu of India.
With potential market and volumes of government policies in EVs supply chain manufacturing, India has called for other Taiwanese EV firms.
Source: The Economic Times
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Date: 22/06/2022
India’s strategic deal on EVs with Foxconn’s chairman
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PM Narendra Modi met Young Liu, Foxconn’s chairman on Thursday, June 23. He upheld Foxconn’s proposal to expand his EVs (Electric Vehicles) & other electronic manufacturing hubs incorporating semiconductor chips also.
This drive will push our EV manufacturing market & commitment to zero emissions (as per PM’s Twitter handle).
Source: Business Standard
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Date: 23/06/2022
SEZ 2.0: to track & update ‘economic zones’
The Indian Commerce & Industry ministry has decided to update Special Economic Zones.
This is to track & monitor the procurement of goods & building of industrial units in the development areas.
Source: Business Standard
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Date: 29/06/2022
RBI launching next round of manufacturing survey
The Reserve Bank of India (RBI) announced on Monday, 4th of June. The central bank has launched another round of survey for manufacturing companies.
According to RBI, the precious inputs collected through the survey will help them to compose & formulate monetary policy
Source: The Economic Times
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Date: 04/07/2022
June growth was the lowest in 9 months as inflation raised
According to a private survey, factories show minimal output in June. Higher price pressure was among the main reasons for decreased demand & so, the slowed growth rate.
Here, the Reserve Bank of India (RBI) also warns to see no near-future declines in the inflation rate.
Source: The Hindu
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Date: 01/07/2022
Tata Steel plans to occupy NINL steel mill
Tata Steel has acquired the NINL steel mill through one of its subsidiaries, Tata Steel Long Products (TSLP). The deal is considered ₹12,000 Crore.
CEO & MD of Tata Steel, T V Narendran, has planned to restart the company within 3 months.
Source: Manufacturing Today
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Date: 06/07/2022
India’s toys exports increases by 62%
The Indian toy industry is watching a boom in toy manufacturing after the government’s push for- Make in India & local production. The import have declined by 70.35%. Now, the manufacturers are exporting the Made in India toys. The export has shown a boom increase by 62%.
This will make India independent in toy-making. The news is welcomed more in the Indian states like Gujarat and some southern part. As these states are competing well with Chinese dominance.
Source: Manufacturing Today
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Date: 07/07/2022
Customer Experience can get even smoother in Industry 4.0 through automation.
88% of the customers believe in the direct relationship between Customer Experience (CX) and business growth. Automation technologies (like AI, and ML) can help in reaching more customers. Thus, to scale significantly.
This becomes even more important when India is witnessing the uproar of Industry 4.0.
Source: Manufacturing Today
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Date: 09/07/2022
Indian industrials are likely to outperform in the next few months or quarters: Anand Tandon
Mahindra & Mahindra is now being seen as a diverse auto industry. More than a truck company. This is especially true if the industrials continue to deliver growth numbers.
The market was cold after its launch period got over. But now the scenario is changing- according to the latest statement of Anand Tandon.
Source: Manufacturing Today
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Date: 11/07/2022
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