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18May By AdityaNo Comments

INDIA

German footwear brand shifts production from China to India

German Footwear company Casa Everz Gmbh which owns healthy footwear brand Von Wellx has decided to shift its entire production from China to India. The company took this decision on the basis of demonstrating a start to the Indian government's recent plans to bring foreign companies into the country. The production will now happen at Agra in Uttar Pradesh in collaboration with Iatric Industries Pvt Ltd. Von Wellx is a pioneer of healthy footwear with benefits like relieving feet, knees and back pain, protection of joints and muscles against shocks, and correct posture. The brand is sold in over 80 countries and has over 100 million customers across the globe. It was launched in India in 2019 and is available at over 500 top retail locations and online. "We are very happy to...

Tesla To Raise $1.5 Bn Junk Bond To Fund Model 3 Production

Tesla Inc. said on Monday it would raise about $1.5 billion through its first-ever offering of junk bonds as the U.S. luxury electric car maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan. (more…)

Mobile Phones Production in India May Reach 500 Million in 2 Years

NEW DELHI: Mobile phones manufacturing in India may reach 500 million units in coming two years on the back of the good base of talent and an incentive policy, a top Department of Telecom (DoT) official said today. This year, India produced 100 million phones as compared to 45 million last year. "The number of phones being manufactured was 10 million sometime back (which increased) to 45 million last year and 100 million this year. The time has come when we will reach 500 million, maybe in 2 years," Telecom Secretary J S Deepak said here. He was speaking on the second day of a seminar on Telecom and Broadcasting theme - ART (Adjudication, Regulation, Telecommunication) of Convergence, TDSAT. He added that apart from phones, the differential tariff is helping domestic manufa...