Amazon plans manufacturing line in Chennai
February 16, 2021
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Will rope in contract manufacturer Cloud Network
Amazon on Tuesday announced its plans to begin manufacturing Amazon Devices in India. It will commence its manufacturing efforts with contract manufacturer Cloud Network Technology, a subsidiary of Foxconn in Chennai and start production later this year, the company announced in its blog.
The announcement came on a day when the Tamil Nadu government today signed 28 MoUs worth ₹28,053 crore for various projects that will create employment for 68,775 persons.
Amazon’s device manufacturing programme will be able to produce hundreds of thousands of Fire TV Stick devices every year, catering to the demands of customers in India. It will continuously evaluate scaling capacity to additional marketplaces/cities depending on the domestic demand.
Applying cushion for India against future supply shocks
Applying cushion for India against future supply shocks
16 February 2021 | News The disruption of supplies from China in the initial months of the pandemic brought home an important realisation for the pharmaceutical industry
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As the world grapples with a never before seen viral pandemic, the pharmaceutical sector has been at the forefront of a mounting global response. Within a year of the outbreak, around seven vaccines have already received approvals in different parts of the world while another 10 are already undergoing phase 3 trials. At the same time, scientists are also working to find anti-viral drugs that can help treat or reduce mortality from COVID-19.
Amazon to start manufacturing Fire TV stick devices in India Production will start later this year at the Chennai facilities of Cloud Network Technology
Amazon.com Inc on Tuesday said it would start manufacturing its devices in the country giving a huge boost to the Modi-government’s Make in India initiative.
The e-commerce giant will first make the Fire TV stick, a streaming device. A company blog said production would start later this year at the Chennai facilities of Cloud Network Technology, a contract manufacturer which is a subsidiary of Foxconn.
Amazon did not offer any investment details. The company said production would meet the demand in India and it was open to scaling up operations by setting up facilities in the other parts of the country depending upon the demand.
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. 05:24 PM IST This will help the company comply with recycling standards while adopting advance technology in the most environmentally friendly manner. The total capital outlay for this project is expected to be ₹280 crore over the next 18 months, the company said in a statement. The planned investments in Solar and lead recycling plants will further strengthen our resolve towards a cleaner environment through a sustainable circular economy and also aid reducing costs and provide long term support to our key raw material procurement, said S. Vijayanand, chief executive officer, Amara Raja Batteries Limited said.
Govt launches PLI Scheme for manufacturing of medical devices with Rs 3420 Cr
Govt launches PLI Scheme for manufacturing of medical devices with Rs 3420 Cr
11 February 2021 | News
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The medical device sector in India suffers from a considerable cost of manufacturing disability vis-à-vis competing economies, inter alia, on account of lack of adequate infrastructure, domestic supply chain and logistics, high cost of finance, inadequate availability of power, limited design capabilities, low focus on research and development (R&D) and skill development etc.
With an objective to boost domestic manufacturing, attract large investment in the medical device sector, the Department of Pharmaceuticals has launched a Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of Medical Devices to ensure a level playing field for the domestic manufacturers of medical devices with a total financial outlay of Rs 3,420 crore for the period