Tuesday, April 16

Tag: make in india

German footwear brand shifts production from China to India
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...
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About 200 US companies seeking to move manufacturing base from China to India: Report
28Apr By Press Trust of IndiaNo Comments
INDIA

About 200 US companies seeking to move manufacturing base from China to India: Report

Washington: About 200 American companies are seeking to move their manufacturing base from China to India post the general elections, a top US-based advocacy group has said, observing that there is a fantastic opportunity with firms looking at alternatives to the Communist giant. The US-India Strategic and Partnership Forum's (USISPF) President Mukesh Aghi said that the companies are talking to them about how to set up an alternative to China by investing in India. Aghi said that USISPF’s recommendation to the new government would be to accelerate the reforms and bring transparency in the decision-making process. “I think that's critical. We would advise to bring more transparency in the process and to make it more consultative because in the last 12 to 18 mon...
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Niti Aayog to Push “Make in India” for Medical Devices
31May By Lavina TolaniNo Comments
INDIA

Niti Aayog to Push “Make in India” for Medical Devices

Government policy think tank, Niti Aayog is all geared up to boost production of medical devices in India. In its meeting held on Wednesday, the organisation discussed mull measures like tax-based incentives and caps on distributor and retailer margins, as reported by sources. The meeting was held under the chairmanship of regulatory body's CEO Amitabh Kant. A person concerned with the matter informed that the Niti Aayog is currently working on proposals o incentivise domestic manufacturing of medical devices following orders from the Prime Minister's Office. Another crucial matter discussed in the meeting was to bring down prices of medical devices as opposed to capping their maximum retail prices. One of the sources said, The government is looking at amending the Drug Prices Con...
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India Jumps 30 Places Up, In Top 100 World Bank’s Ease Of Doing Business Rankings
31Oct By PriyankaNo Comments
INDIA, News

India Jumps 30 Places Up, In Top 100 World Bank’s Ease Of Doing Business Rankings

India has jumped 30 places up massively and made its place at 100 in the World Bank's ease of Doing Business. India has secured its place in the Top 100 list for the first time, driven by reforms in access to credit, power supplies and protection of minority investors. Doing Business in India has become much easier now as per the report over the past one year. The list shows 190 countries which is an influential barometer of competitiveness among countries that likely also helps businesses make investment decisions. “India’s performance is not based on efforts of just one year but consistent efforts made over the last three years to continuously improve the regulatory environment of doing business,” Annette Dixon, vice president South Asia, told a press conference. India is the only l...
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Smartphones Made in India? Manufacturing Ambition Hits Hurdles
2Oct By reutersNo Comments
INDIA

Smartphones Made in India? Manufacturing Ambition Hits Hurdles

India’s ambitions to become a smartphone-making powerhouse are foundering over a lack of skilled labour and part suppliers along with a complex tax regime, industry executives say. Prime Minister Narendra Modi has championed a manufacturing drive, under the slogan ‘Make in India’, to boost the sluggish economy and create millions of jobs. Among the headline-grabbing details was a plan to eventually make Apple iPhones in India. Three years on, as executives and bureaucrats crowded into a Delhi convention centre for an inaugural mobile congress last week, India has managed only to assemble phones from imported components. While contract manufacturers such as iPhone-maker Foxconn Technology Co and Flextronics Corp have set up base in India, one of the world’s fastest-growing smartpho...
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Indian Government Will Launch Policies To Become USD 1 Trillion Digital Economy
16Jun By AdityaNo Comments
INDIA

Indian Government Will Launch Policies To Become USD 1 Trillion Digital Economy

The government will come out with three new policies, including electronics manufacturing and data protection, as part of its efforts to make India a USD 1 trillion digital economy in a few years. Speaking after a two-and-a-half hour meeting with Indian tech industry captains, IT Minister Ravi Shankar Prasad today exuded confidence that India is well-positioned to become a USD 1 trillion digital economy in next few years. "The industry has assured us that they are committed to support us in this mission... We will be shortly laying down the new electronics policy because between the old policy and now, India under Narendra Modi has changed completely," Prasad said. He added that the government will also come up with a new software product policy and a framework for data security a...
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Elon Musk Are You Listening, No local Sourcing Required For Manufacturing in India
23May By PriyankaNo Comments
News

Elon Musk Are You Listening, No local Sourcing Required For Manufacturing in India

The government today clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in India. The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant here. The commerce and industry ministry through its Make in India Twitter handle stated that the foreign direct investment (FDI) policy does not mandate any such minimum sourcing of components by manufacturers. .@elonmusk With respect to news reports on launch plans of Tesla in India being delayed, please note some key clarifications#MakeInIndia pic.twitter.com/9RFICGM9Kk — Make in India (@makeinindia) May 23, 2017 As per the policy, after ma...
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Cisco to Make India Hub For Global Hardware Export
11Apr By AnkitaNo Comments
News

Cisco to Make India Hub For Global Hardware Export

Networking giant Cisco today said it plans to make India a global export hub for its products, after recently having started manufacturing access points and routers at a facility in Pune. The US-based company also expects to complete 50 digitisation projects by the end of the year across India, which is part of its USD 100 million investment announced last year. "Our roadmap is very clear. Our first intention was to start with 5 or 6 products that we wanted to make in India for domestic market such as access points, routers etc. "The second stage is to make that centre (Pune) a global export hub. That is the next stage we are working on right now," Cisco President India and SAARC Dinesh Malkani said at the Cisco India Summit 2017. In March, Cisco had unveiled its first 'Made in...
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TeamIndus Inks Pact With ISRO; Aims to Raise $45 Million By October 2017
1Dec By Press Trust of IndiaNo Comments
News

TeamIndus Inks Pact With ISRO; Aims to Raise $45 Million By October 2017

TeamIndus has inked a commercial launch contract with the Indian Space Research Organisation (ISRO) for its mission to land a spacecraft on the moon as it attempts to win the USD 25 million Google Lunar XPRIZE. TeamIndus is the only Indian team competing for the Google Lunar XPRIZE that requires privately funded teams to land their spacecraft on the surface of the moon, travel 500 metres and broadcast high definition video, images and data back to earth. The team, which has received support from industry veterans including Ratan Tata (Tata Group), Nandan Nilekani (Infosys), Sachin Bansal and Binny Bansal (Flipkart) and Venu Srinivasan (TVS Group) among others, also aims to raise about USD 45 million by October next year to fund the project. "The total expense of the project is abo...
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Make in India- India’s First Crossover Electric Bike Volta ZAP Launched
13Sep By NitishNo Comments
News

Make in India- India’s First Crossover Electric Bike Volta ZAP Launched

India has been constantly facing many problems due to the immense vehicular pollution each and every day. The automotive pollution is growing day by day, posing threat to this environment. Though the Indian government is taking some huge actions to reduce the pollution, the effect of vehicular pollution is still growing and affecting Indian cities.  Electric vehicles are the new weapons to face the pollution but the E-vehicle companies were constantly failing in producing reliable and aesthetic E-bike products. They have been facing many problems to produce bikes with a fair design, efficiency and economy that sustains in Indian conditions. Volta Motors has studied every such failures happening in the industry and designed the India’s first cross over Electric bike Volta ZAP. The pro...
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Now Invest 25 Crore and Stay in India For 3-10 Years
31Aug By NitishNo Comments
News

Now Invest 25 Crore and Stay in India For 3-10 Years

Emulating Singapore-model, India will offer residency permits of up to 20 years to foreigners willing to invest a minimum threshold in the country, under a new policy aimed at attracting more overseas investments. The Cabinet, headed by Prime Minister Narendra Modi, approved a proposal to allow foreigners get 10 year residency permits if they invest Rs 10 crore over 18 months or Rs 25 crore over three years. The residency status can be extended by another 10 years. Investors would also be allowed to buy one residential property and their spouses and children can work or study here. However, this scheme would not be available for Pakistani or Chinese citizen. "A certain threshold if you invest in India, then the availability of visa, the availability of the right to purchase...
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