We are doing everything to make India a global manufacturing hub, says PM Modi.
We are doing everything to make India a global manufacturing hub, says PM Modi
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India’s manufacturing sector’s share in GDP has remained stagnant at around 16 per cent over the past two decades. Can ‘Make in India’ campaign prove to be effective in pushing the needle? Hear the views of Guenter Butschek, Tata Motors; Narayan Krishnamohan, BASF India; Ramesh Ramadurai, 3M India and Sandeep Makkar, Johnson & Johnson Medical India.
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Can India become a global manufacturing hub? | ET India Inc. Boardroom
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#Canadian #teen #IndiaElectronicsHub
India –Electronics Hub
It is a very important move in the journey of ‘Make in India’ for electronics. The journey started in 2020 with an aim of attracting large investments in the country that includes manufacturing of electronic components, semiconductors and mobile segments. India’s cabinet has approved a $6.37 billion (Rs 637 crore) plan to boost electronics manufacturing. The policy has set an ambitious target of increasing electronics manufacturing in the country to $400 billion by 2025. The new measures that come at a time when the world is battling the coronavirus epidemic and halting global supply chains is aimed at attracting large investments in the country that includes manufacturing of electronic components, semiconductors and mobile segments. The Scheme shall extend an incentive of 4% to 6% on incremental sales of goods manufactured in India and covered under target segments, to eligible companies, for a period of five subsequent years. The move is likely to give an aggressive push to ensure big companies such as Apple, Samsung, Huawei, Oppo and Vivo, besides contract manufacturers like Foxconn and Wistron bring their global supply chains to India and make the country an electronics hub.
With a population nearing 1.4 billion, India has emerged as one of the largest markets for electronics products in the world. While the highest growth is in demand for smartphones, lighting products, security products as well as industrial technologies, there is also significant expansion in markets for medical electronics, defense, and emerging technologies such as 5G, IoT, Industry 4.0, and smart cities. As per a report, the country’s electronics market is forecast to reach $400 billion by 2025. Secondly, there is a huge gap in supply of electronic components such as PCBs, capacitors, resistors, chip components and semiconductor devices. “The recent disruptions in the global supply chain and challenges p
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Production Linked Incentive Scheme (PLI) was launched by the Government to boost manufacturing in India. We continue to see gaming PCs and monitor sales at all-time highs and Chrome-based devices are expanding beyond education into the consumer market. In retrospect, the pandemic not only fueled PC market demand but also created opportunities that resulted in a market expansion. The government of India had introduced the PLI scheme offering incentives to companies manufacturing in 10 key sectors in the country. It has aimed at making manufacturers globally competitive and attract investment in the areas of core competency. The scheme is targeted at making the country an integral part of the global supply chain. Production linked incentive scheme is likely to boost the manufacturing output in 5-Years.
PM Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about ₹ 2 lakh crore was earmarked for the PLI scheme for the next five years and 'there is an expectation that the scheme would result in increasing the production by about 520 billion dollars in the next five years . This is one of the best ways to encourage local companies to make their presence felt in telecom manufacturing. Telecommunications sector has played a pivotal role in facilitating growth of the economy and is a key enabler of digital connectivity and Digital India. Soon after the announcement of the PLI scheme for electronics manufacturing, the Centre cleared the names of 16 companies. Over the next five years, these Indian entities have proposed a production output of Rs1.25 lakh crore.
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#ARAPL #MilindPadole #AffordableRoboticAutomation
ARAPL wants to make India a hub of robo manufacturing: Milind Padole, CEO and MD, Affordable Robotic & Automation
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ARAPL wants to make India a hub of robo manufacturing
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Inaugurating the 2nd edition of summit on Global Chemicals & Petrochemicals Manufacturing Hub
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We must work overtime to fulfill the promise to eradicate Tuberculosis by 2025.
Globally, India is the leader in the supply of vaccines. We aim to develop India into a world-class $100 billion bio-manufacturing hub by 2024: PM Modi in Karnataka, 03.01.2020, #KarnatakaWithModi
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India Has Potential To Become Global Green Hydrogen Hub, Says Jitendra Singh | Catch News
Union Minister of State (Independent Charge), Ministry of Science and Technology, Dr Jitendra Singh on September 03 said that India has the potential to become the global hub of Green Hydrogen in near future.'India has potential to become global green hydrogen hub,' said MoS Singh.
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Plenary Session: Roadmap for developing India as a RE Manufacturing Hub
Renewable energy is expected to generate business worth $20 billion a year over the next decade in India. India is today one of the top foreign direct investment (FDI) destinations in the world. With unprecedented improvements in ease of doing business, global innovation rankings, and focus and commitment to intellectual property rights, combined with affordable labour and long-term market visibility, India is emerging as the ideal manufacturing destination globally. The government can help accelerate the growth of the renewable manufacturing in 2021 and beyond by ensuring a stable and investor friendly policy framework, followed both at the centre and the state levels.
This session will focus on discussing the policy regulatory framework, fiscal support and guaranteed offtake required to scale up manufacturing in the sector and also ways in the renewable energy sector can become competitive and all-round self-reliant.
Plenary Session: Roadmap for developing India as a RE Manufacturing Hub
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