Haier Appliances will invest Rs 3,069 crore to establish manufacturing units at an industrial township in Greater Noida, UP, DMICDC said today. The consumer electronics company expects to generate direct employment for 3,950 people with this project, Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) said in a statement. It has been allotted 123.7 acre of land in the DMIC Integrated Industrial Township Greater Noida (IITGN) project for setting up manufacturing units, it said. Besides, Chinese Mobile maker Forme's Indian subsidiary Forme Trading has been allotted 3.5 acre land in IITGN for the same purpose. "Forme Trading plans to invest Rs 100 crore in its new mobile phone manufacturing unit at IITGN which is likely to create 600 direct and 1,000 indirect jobs," it added. Satkriti Infotainment, a sister concern of leading audio manufacturer Fenda Audio India, is another company to have been allotted land in the township project. "Combined investment of the three … [Read more...] about Haier to set up Rs 3000 crore manufacturing units at Greater Noida
Industry 4 0 and manufacturing 4 0
The Federal Government has been advised to adopt policy framework that will lead to the restriction of importation of goods such as galvanized roofing sheets and other steel products that are abundantly produced in Nigeria to further boost the nation’s economy.With the land border closure, it is evident that agricultural sector of the Nigerian economy has improved, therefore, it is a tested hypothesis that if adequate attention is given to the seaports operations, smuggling will be tackled and the steel sector will be saved from collapse. Gridlock: Motorists lament bad state of Ikotun-Cele road(Opens in a new browser tab) The Galvanized Iron and Steel Manufacturers’ Association, (GISMA) in a statement signed by its Spokesperson, Mr. Lateef Bello, on Wednesday noted that the boarder closure has brought more economic benefits to the nation. GISMA noted that the revenue declared by the authority of Nigeria Customs Service, (NSC) is commendable stressing that more can … [Read more...] about Group to FG: Protect roofing sheets manufacturers
New Delhi: The outlook for the country's manufacturing sector in the April-June quarter of the current fiscal has moderated as only 41 per cent of respondents in a FICCI survey expected higher output growth during the ongoing quarter compared to 54 per cent in the January-March quarter, as per the industry chamber report released on Sunday. The report said that the percentage of respondents expecting low or static production is 59 per cent in the first quarter of 2019-20, which was 46 per cent in the previous quarter. In terms of order books, 36 per cent of the respondents during the quarter under review are expecting higher number of orders against 44 per cent in January-March 2019. In terms of capacity utilisation, the FICCI survey noted that the overall capacity utilisation in manufacturing has witnessed a slight fall to 78 per cent during April-June, as compared to 80 per cent in the previous quarter. The investment outlook too is marginally subdued for the April-June quarter … [Read more...] about Moderate outlook for manufacturing in Q1: FICCI survey
Ford Motor Company on Saturday has contributed $100,000 to the National Automobile Dealers Association (NADA) Foundation’s Workforce Initiative.“Ford is acutely aware of the current automotive service technician shortage,” said Frederiek Toney, president, Global Ford Customer Service Division. “The NADA Foundation’s Workforce Initiative is just one program Ford is supporting to raise awareness of and access to training and job opportunities in this growing field.”In 2019, the NADA Foundation launched the initiative that features a new website that includes the first and only interactive U.S. map of training and scholarship opportunities available for aspiring technicians, as well as videos featuring a variety of technicians highlighting their careers and the challenging nature of their work.“Ford joins an esteemed group of car and commercial truck manufacturers that support the NADA Foundation’s efforts to spark an interest in service … [Read more...] about Ford contributes $100,000 to NADA’s Foundation’s Workforce Initiative.
The VHT will focus on defense industry and electronics and communications industry. Delegates addressing the event Addressing the ceremony, Major General Le Dang Dung, Acting Chairman cum General Director of Viettel Group affirmed Viettel’s target to be in the top 10 biggest telecommunications and information technology businesses in the world by 2030. He affirmed that the formation of the corporation continued the fourth development phase of the military business to realize the goal to become a high-tech group with three key sectors, including the defense industry, the telecommunications industry and network security. It also helps the group to become a leading business in the “Make in Vietnam” process and to bring its products to international markets. Viettel’s research and manufacture sector has completed its three development phases. The first one from 2011 to 2013 focused on researching, taking shape and piloting manufacturing products. In … [Read more...] about Viettel launches its hi-tech industries corporation