India will soon determine approximately twelve sectors to transform into global manufacturing hubs, according to officials. The Niti Aayog is actively engaged in the process of identifying these sectors, assessing their export potential, and formulating corresponding strategies. Image Credit: Shutterstock India, one of the world’s fastest-growing economies, is gearing up...
The Approved List of Models and Manufacturers (ALMM) for Solar Photovoltaic Modules has been enhanced with significant reforms. The reforms primarily focus on cost reduction for solar PV manufacturers, streamlining the application-to-enlistment timeline, and easing the compliance burden. Image Credit: Shutterstock India has been actively working on expanding its manufacturing...
Dr Arpita Mukherjee, ICRIER, believes that the COVID-19 pandemic has fast tracked the adoption of technology in manufacturing, thereby making it critical for companies to have a high-skilled workforce. She cautions that this is a particularly difficult time for SMEs, who have to struggle for access to financial resources, push...
Jishnu Hazra, Professor IIM Bangalore, feels that Indian companies must take inspiration from the rise of South Korean and Chinese companies in the mobile handset space on their quest to be globally competitive in manufacturing. It is important to move from the traditional mindsets of buying and selling to creating...
The onset of COVID-19 has exposed the perils of an overdependence on Chinese manufacturing to nations and corporations across borders. This is being viewed as an invaluable opportunity for other nations to emerge as alternate manufacturing destinations. India Business & Trade takes a look at the current dynamics of global...
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