Mobile components manufacturer SFS, which is interested in setting up a unit by investing Rs 250 crore, has sought 30 acres of land in Karnataka’s Belagavi from the state government. Minister for large and medium industries M B Patil in a statement on Wednesday said that SFS delegates led by CFO of the company Faras […]
India is currently on its way to dominating the mobile manufacturing landscape. Prime Minister Modi said that India has become the second-largest producer of mobile phones in the world. India’s infrastructure, favourable government policies and large talented workforce have attracted giant global corporations. The biggest smartphone company, Apple is turning to India to manufacture its […]
With headline inflation based on the consumer price index (CPI) dropping near Reserve Bank of India (RBI) target, manufacturing on revival, Indian economy on a steady upturn, said Deepak Sood, Secretary General, Assocham. In May, India’s CPI inflation moderated to an almost 25-month low to 4.25 per cent as compared to 4.70 per cent in […]
Singapore is well-known for being an easy place to do business. Among the factors that play to the city-state’s advantage is an attractive tax system, an extensive network of tax treaties, ready availability of quality human capital, geopolitical stability, accessibility to financing, connectivity to the rest of the world, and good infrastructure. Singapore also has […]
India is playing a key role globally in the development of vaccines, manufacturing of drugs, diagnostics and therapeutics, WHO chief scientist Jeremy Farrar said on Tuesday. Dr Farrar, who is attending the third G20 Health Working Group meeting here, said, “India is playing a key role globally in science, technology, development of vaccines, manufacturing of […]
In a bid to bridge the digital divide among micro, small, and medium enterprises (MSMEs), Open Network for Digital Commerce (ONDC), has fixed its visions on transforming the B2B space in India. With less than one million out of almost 100 million MSMEs currently engaging in digital transactions, ONDC gears toward unlocking the extensive potential […]
India’s manufacturing sector showcased encouraging growth in May and painted a positive picture for the industry. According to S&P Global’s India Manufacturing Purchasing Managers’ Index, it rose from 57.2 in April to 58.7 in May, indicating the most robust improvement in the health of the sector since October 2020 or a 31-month high. Not only […]
JSW Steel is entering into an equal joint venture with JFE Steel Corporation of Japan to manufacture grain-oriented steel sheets. These sheets find a use in the electrical industry. According to information, in Vijaynagar, Karnataka, where JSW runs a 12 million-tonne steel plant, the downstream facility will be built. The companies did not disclose the […]
JSW Steel on Wednesday said that its USA unit (JSW Steel USA) plans to invest USD 145 million in upgrading its manufacturing operations in Mingo Junction, Ohio, according to the company’s regulatory filing. The move is aimed at meeting the demand for quality steel products “melted and manufactured in the US,” in alignment with President […]
In a series of meetings with the Union government and Prime Minister Narendra Modi, Apple Chief Executive Officer Tim Cook has expressed confidence about a long-term working relationship with India. After the meeting with Prime Minister Modi, Tim Cook on Wednesday tweeted, “Thank you Prime Minister @narendramodi for the warm welcome. We share your vision […]
