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India aims to achieve a $5 trillion economy by 2026-27, demanding a transition in manufacturing from 17% to 25% of GDP. The emphasis on key sectors such as Automotive/EVs, FMCG/CPG, Chemicals, Life Sciences, MMC, as well as high-tech manufacturing sectors such as Semiconductors, Mobile Devices, and Data Centers, necessitates the implementation of smart facilities to enhance efficiency and reduce waste. Essential factors include upgrading infrastructure, ensuring safety compliance, and addressing trade challenges. Encouraging R&D, facilitating technology transfers, and fostering global partnerships are crucial in propelling the manufacturing market to reach $1 trillion.
The 5th edition of India Inc On The Move 2024: Smart and Sustainable Manufacturing - Accelerating towards Trillion Dollars and Net Zero, presented by The Economic Times and Rockwell Automation, brings together industry leaders to discuss smart & sustainable manufacturing and achieving India's trillion-dollar GDP contribution. | |||||||||||
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Ford said the deal will increase its labor costs by $850 to $900 per vehicle, Lawler said, reducing margins by six or seven tenths of a percentage point. Having trouble viewing this email? See the online version Thursday, October 26, 2023 Ford says UAW strike cost $1.3B, overshadowing $1.2B in Q3 net income Read More > Subscription Required Ford deal a ‘stunning victory' for UAW; automaker begins slow production restart Read More >
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