Atmanirbhar Bharat: Why business localisation is a win-win proposition for all
Localisation has brought in the world s best-in-class technology, enabled knowledge sharing, tech transfers, and skilling of our people, and brought in value-added products to Indian shores
Sebi Joseph | May 7, 2021 | Updated 17:10 IST
Localisation can truly bear fruit when industries and government come together to keep pushing forward this agenda
The Make in India initiative has been in focus and adopted by various industries for some time now. However, as global businesses look to diversify their supply chains, the spotlight is back on the government s Atmanirbhar Bharat (Self-Reliant India) campaign.
Localisation can truly bear fruit when industries and government come together to keep pushing forward this agenda. Various efforts by the government, such as the Skill India program, the Ease of Doing business policies, Production Linked Incentive scheme, focus on Foreign Direct Investment, etc
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer s permission we will charge your card/ payment instrument each month automatically and renew your subscription.
In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
Acer India expects supply disruptions to end
May 07, 2021
Sudhir Goel, Chief Business Officer, Acer India×
Despite demand rise, supply chains were stretched leading to global chips shortage Laptop and PC-maker, Acer India, is expecting supply disruptions – particularly chip shortages – to be over by the second half of this year, in line with the time when demand for devices is expected to peak in the country.
A second wave of the Covid-19 infections, lockdowns across key markets, disruptions in off-line retailing and a parallel increase in demand – driven by extended work from home (WfH), online classes, and so on – have led to a peculiar situation where despite a demand rise, the supply chains have been stretched, leading to a global chip shortage.
Covid second wave to have muted impact on economy: Finance Ministry
The Finance Ministry report said that the fiscal position of the government has witnessed improvement with revival in the economic activities during the second half of 2020-21
Ashutosh Kumar | May 7, 2021 | Updated 13:11 IST
The union finance ministry has said that the ongoing second wave of the Covid-19 pandemic will have a muted economic impact in comparison to the first wave. In its economic review for the month of April released today, the ministry observed, The second wave of COVID-19 has posed a downside risk to economic activity in the first quarter of FY 2021-22.
India ready for full-fledged local display FAB manufacturing
By IANS |
4 Views
Rs 3L cr PLI scheme for 10 sectors to boost domestic manufacturing. Image Source: IANS News
New Delhi, May 5 : As the Indian government renews its thrust on domestic electronics manufacturing with various incentive-linked schemes, the country has a great opportunity as well as required capabilities to establish a full-fledged semiconductor fabrication (FAB) electronics manufacturing ecosystem in the country, the India Cellular and Electronics Association (ICEA) said on Wednesday.
India s share in the global electronics manufacturing has grown from 1.3 per cent in 2012 to 3.6 per cent in 2019. Domestic electronics manufacturing has increased substantially from Rs 1.90 lakh crore in 2014-15 to Rs 5.34 lakh crore in 2019-20, growing at a compounded annual growth rate of 23 per cent.