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Flipkart to Support Make in India: Rejects Chinese Products

flipkart bans chinese products

The leading e-commerce giant Flipkart is trying to expand their business in India. As a part of that the online shopping web portal will not encourage cheap Chinese products and it will promote only make in India products from now onwards.

Earlier in this June, the news about Flipkart came that it is following the Paytm way to support Chinese products and then sell to Indians. Sourcing cheap Chinese products pushed the Indian manufacturers and investors into losses.

Apparently, Flipkart’s engagement with Chinese goods has almost ended, as Flipkart organizers have decided to hold Make in India vision with full force. According to the reports coming in from various sources, the leading online marketing giant is all set to re-introduce private label products made by Indian manufacturers in a new style and create some ripples across India.

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According to the latest reports, Flipkart has produced a strong team which will cause several private label products made by Indians and then sell and market these products thoroughly on their platform under “Make in India” dream. Even though it has more than lakh merchants on their platform, but Make in India label products would form the best of Flipkart’s offerings, because they would be sold under their own brand name.

Inside sources revealed that Flipkart has decided to spread their business expansion in India on focusing the Make in India vision and for this it will buy private label products ranging from electronics to apparels, Furniture and even gadgets also.

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However, Patanjali is Flipkart’s role model in this mission. Apart from these, the margins are also huge in selling private label products and this can be Flipkart’s next big change in future days.

Will Flipkart new decision to support “Make in India” products allow them to beat Amazon? How the other leading e-commerce portals like Amazon and Paytm respond over this move?

Ashok Leyland Unveils New Electric Bus “Circuit” in India

Ashok Leyland Unveils New Electric Bus

Ashok Leyland’s new Electric Bus is a revolutionary step in Indian transportation system. Indian based automobile manufacturer Ashok Leyland has developed the electric vehicle under the concept of “Make in India”.

The Indian central government has sanctioned some of the incentives for the companies that are taking up the projects which are environment friendly and Make in India concept.

Ashok Leyland has produced the Bus which can accommodate 31 sitting passengers and can travel up to 120 kms at 75 kmph speed. A full charge requires 3 hours to travel the said distance. This is very much suitable for the Urban transportation.

Internally for the passengers, the bus provide the latest technological facilities like Wi-Fi hotspots and mobile charging points.

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Earlier, in 2015, Ashok Leyland Managing Director, Vinod K Dasari has stated that the company will launch Electric vehicles that are made completely in India. As per the promise made the company has delivered the same.

He also added that the company plans to introduce around 50 buses in the current year and in the next year the number will be increased to 200. Such an effort will make the India more transformed into the electric generation. The company has also announced a budget of Rs.14,000 crore for this project.

There are more growing concerns in the entire globe regarding the pollution levels because of the fuel vehicles.

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The manufacturing plant of these electric buses is situated in Tamil Nadu state. Additional chief secretary for industries and commerce of the state, Ambuj Sharma has appreciated for the company efforts to protect the environment and fuel pollution levels.

On the other hand Indian government is planning to launch at least 70 lakh electric buses across the country by the year 2020.

New Plant of Samsung in Noida Under ‘ Make in India ‘ Initiative: MoU signed

samsung-make-in-india

Make in India : In a breakthrough, Korean Giant company Samsung Electronics is expanding its plant in Noida. This is the second plant of the enterprise in the same place. MoU has been signed between UP government and Samsung India.

Akhilesh Yadav government has signaled green for setting up a new manufacturing plant in Noida by Samsung Electronics. In this regard a MoU (Memorandum of Understanding) has been signed between State Chief Secretary, Rahul Bhatnagar and HC Hong, President & CEO of Samsung India Electronics.e deal was witnessed by the UP Chief Minister.

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Uttar Pradesh state Principal Secretary for Industries and Chairperson of Noida Authority, Rama Raman has announced that the deal would pump a huge investment of approximately Rs.2000 Crores.

He also declared that about 30 acres of land had been sanctioned for Samsung in Noida. In the allotted land the company intends to set up a new plant for manufacturing purpose. The state cabinet has approved the company under “Super Mega A” category of their Industrial policy.

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Samsung has said the production would start from the year 2019 under the make in India campaign. The state government plans to make Noida as the Industrial Hub. But there are few environmental concerns as there is a threat to river Yamuna and therefore for World’s Wonder “ Taj Mahal.”

On the other hand, VIVO and spice mobile companies are also lobbying for the place in Noida. To look into the matter, a committee has been formed which comprises of Greater Noida and Yamuna Expressway Industrial Development Authority (YEIDA) area. Deepak Agarwal, Chief Executive Officer (CEO), Greater Noida Industrial Development Authority (GNIDA).

The officials from UPDESCO and Uttar Pradesh IT department will also take part in the meeting along with the committee members to finalize the land allotmentVIVO is seeking 200 acres of land while whereas Spice is asking about 100 acres of land in Noida.

LeEco plans to hire more than 1000 engineers for R&D in India

LeEco plans to hire more than 1000 engineers

LeEco the Chinese internet firm is planning to hire about 1100 engineers for R&D division in India.

LeEco said that these recruitees would be mostly from Tier I engineering colleges like IITs and the NITs across the country.

The recruitment will be effective for the year 2017. The company mentioned that it would set up a research and development centre in the month of January 2017.

Last week LeEco conducted freshers campus drive at Bengaluru for which they received more than 2000 applications from top engineering colleges.

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“We are humbled and excited to see the interest amongst students’ community to work with us. The skill sets we are looking for are areas including modem technologies, BSP, multimedia, TV Broadcast and Internet technologies,” LeEco Head India R&D Shrinivas Bairi said.

“The India R&D centre will churn out innovations and work with China and US R&D centres. It will also soon start a camera image engineering lab for image quality, RF/Antenna design and tuning lab for smart devices,” he added.

He also mentioned that LeEco R & D division India will be involved in both commercialisation and localisation support for all the devices launched in India.

“The skill sets we are looking for are areas including modem technologies, BSP, multimedia, TV Broadcast and Internet technologies,” added Bairi.

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LeEco will soon start a camera image engineering lab for image quality, RF/Antenna design and tuning lab for smart devices.

As per the local requirements the company will be introducing new facilities like support Indian languages, follow government regulations like Panic button and GPS requirements, etc.

The centre will be developing cutting-edge technology and features that will be patented in India. This is a vital component for LeEco as a part of ‘Make in India’ plan.

Indian government to spend $150 billion to Modernise the Armed Forces

Indian Army

The Government of India under the eminent leadership of Prime Minister Narendra Modi is planning to modernise all the equipment of the Indian Armed forces.It is reportedly known that NDA-led Government is allotting a whopping amount of $150 billion for refurbishing the weapons and tankers.

Sources said that the PM is very keen on strengthening the Armed Forces.The government is also making private company executives and makers check the ground reality of the usage of the Armor.The idea is to make the individual makers a clear picture of how to make devices that comfort the soldiers in using them.

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Earlier this month, more than 200 representatives of defence companies — big and small, local and foreign — got unprecedented access to India’s secretive military. At two events in the western city of Ahmednagar, they crawled inside tanks, learned about the army’s equipment needs and spoke with troops on the front lines in Kashmir, a region also claimed by primary rival Pakistan.

“You could feel how the soldier would adjust themselves in a tight space,” said Rajesh Khurana, an associate vice-president at Bharat Forge Ltd., a major Indian manufacturing defence firm, who noted that he climbed inside of a tank. “It was a pretty intimate affair.”

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The new-found transparency is part of Modi’s efforts to transform the world’s biggest arms importer into a defense manufacturing powerhouse as he spends $150 billion over the next decade to modernise the armed forces. Closer collaboration with the military would increase the technological capacity of local companies and create jobs as more than 10 million Indians join the work force each year.

Narendra Modi to modernise Armed forces

Opening up

“We’ve seen the army open up under this current leadership,” said Jayant D. Patil, a senior vice-president with Larsen & Toubro Ltd., which makes parts for everything from missiles to submarines. “The army is trying to build a relationship with the private sector. They’re communicating what their real needs are and want us to know what kind of problems they see in their day to day life — and then industry can build solutions.”

For the past few decades, publicly owned defence companies have repeatedly failed to do just that.

Almost two-thirds of the army’s contracts for critical weapons and equipment concluded from 2007 to 2012 — worth nearly $4.5 billion — were delayed, India’s national auditor said in a report this week. The foot-dragging was so severe that it “hampered” the military’s modernization plan and impacted defence preparedness, the report said, blaming the delays in part on a “heavy dependence” on imported weapons.

Arms imports

Nitin Wakankar, a defence ministry spokesman, had no comment on the auditor’s report. In response to questions, the army said the Ahmednagar events stemmed from Modi’s campaign for companies to “Make in India.” The policy aimed to “harness the preparedness of the Indian private industry towards meeting the felt-needs of the armed forces” and “reduce dependence on foreign vendors,” it said.

India relies on imports for 60% of its defence requirements, much of which has come from Russia due to a previous Cold War alliance between Delhi and the Soviet Union. Of late, it has bought more weapons from the US, becoming one of the top markets for American defence companies.

The Ahmednagar events featured executives from Mahindra & Mahindra Ltd., Tata Group, Larsen & Toubro and Bharat Forge. Participation among foreign defence companies was limited to those with India offices, including Honeywell International Inc. and Dassault Aviation SA.

‘Blind guess’

All attendees had to be Indian nationals, vetted and approved by the army. The invitations to small-and-medium-sized defence firms were a first in a sector that prizes scale and a country that tends to favour conglomerates.

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Subimal Bhattacharjee, a security expert and former India country head for US-based defence firm General Dynamics Corp., said the military went beyond merely talking about its equipment: Army officials, who wanted a new engine design, actually gave six Russian-made infantry combat vehicles to two private companies.

“You have a chance to see the car with the whole team, to have a clear understanding of what can be done,” said Bhattacharjee, who attended the event. “You don’t have to make a blind guess. You have a vehicle to yourself that you can play around with and understand better.”

Defence failures

India’s defence companies have a long track record of failing to deliver. A 40-year effort by the government to develop a battlefield tank has yet to produce anything the army can use. Similarly, a project to build an anti-tank guided missile has seen repeated setbacks, forcing India to acquire them from Russia, France and Israel.

The army had previously refused to discuss procurement projects unless they received a formal request, Deepak Sinha, a retired Army veteran who oversaw procurement for the Indian Special Forces, said in an e-mail. And even then the military never told defence contractors about “procurement philosophy or plans,” he said.

“The army has always preferred to keep interaction with business houses to the minimum,” said Sinha, who served in the military for more than three decades. “This interaction with business executives would certainly be a first and an excellent omen at that.”

Source:Bloomberg