"There are global supply chains and when one single country accounts for 32-33 per cent of global manufacturing then it is logical that many supply chains will go to that country and this is a reality which we will have to factor into our calculations," Jaishankar said.
Hyderabad (Telangana) [India], November 11: Hyderabad based Raghu Vamsi Group, a Tier One manufacturer of high precision and hi-critical components, sub-assemblies, and systems for global OEMs like Boeing, GE Aviation, Honeywell, Rolls Royce, Collins Aerospace, Halliburton, Eaton, Cytiva etc
The emergence of the Indo-Pacific and the maturing of the Quad are noteworthy for promoting global good, External Affairs Minister S Jaishankar said on Friday noting that the world today is clearly headed "for re-globalization, not de-globalization" and global manufacturing and supply chain
The International Monetary Fund (IMF), in its latest World Economic Outlook report, has highlighted a significant global shift in manufacturing production towards emerging markets like India and China, as advanced economies lose competitiveness.
At the International Telecommunication Union - World Telecommunication Standardization Assembly (ITU WTSA), Akash Ambani, Chairman of Reliance Jio Infocomm, emphasised the potential of Artificial Intelligence (AI) to transform India into a global manufacturing and service hub.
The Prime Minister pointed out that there was a time when the majority of the defence budget was used to procure weapons/equipment from abroad, but his government focused on indigenous manufacturing to make the nation self-reliant.
"China Plus One is definitely an important component of India's growth as a global manufacturing player," CEA Nageswaran told ANI in a virtual interaction following the presentation of the Economic Survey 2023-24.
According to a press release, the report emphasizes the sector's potential and the challenges it faces, while outlining specific interventions necessary for India to become a global manufacturing hub for electronics.
New Delhi [India], July 3: Anticipating a boost in the manufacturing sector, signing of the FTAs, the recent growth in the textile exports, bundled with the Indian government's focus on making India a 'global manufacturing hub' has set up encouraging prospects for the stakeholders of the Ind
In its election promise, the party also aims to make the country the third-largest economy in the world. The manifesto set the goal of making India a "global manufacturing hub".