Tag: Manufacturing
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Kai Group’s Strategic Expansion in India: Boosting Razor Production
Kai Group’s Expansion in India Kai Group, a Japan-based manufacturer of personal care products and kitchen equipment, announced an investment of 300 million yen (around Rs 17.17 crore) to expand the production capacity of its manufacturing facility in Neemrana, Rajasthan.…
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India’s Ambitious Foray into the Semiconductor Industry
Forty years after its initial, unsuccessful attempt to produce semiconductors, India is making a renewed push to become a major player in the global semiconductor industry. This new effort is marked by Prime Minister Narendra Modi laying the foundation for…
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Walmart eying big on India
Walmart has sourced $30 billion worth of products from India over two decades and aims to reach an annual target of $10 billion by 2027, as revealed by Andrea Albright, EVP – Sourcing. The company’s two-day mega sellers’ growth summit…
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Challenges Ahead for RIL’s O2C Division Despite Overall Profit Growth
Reliance Industries Ltd (RIL) recently disclosed a 9.3% YoY increase in its consolidated net profit for Q3 2023, displaying robust performance in its retail and telecom sectors. However, the spotlight falls on the oil-to-chemicals (O2C) division, which is expected to…
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Government Urged to Act in Upcoming Budget to Tackle Surging Steel Imports
The steel industry is anxiously awaiting the upcoming interim budget, anticipating the government’s intervention to address the escalating issue of cheap steel imports. Concerns have risen as the country turned into a net importer of finished steel in the first…
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The China Plus One Strategy
What and Why? For the past three decades, Western businesses have heavily invested in China due to its low labor and manufacturing costs, as well as its growing consumer market. This has led to an over-reliance on China for their…
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Tata Group expands its iPhone manufacturing capacity
Through Acquisition: Tata Electronics Private Limited (TEPL) has signed a Share Purchase Agreement (SPA) to acquire a 100% equity stake in Wistron InfoComm Manufacturing (India) Private Limited (WMMI). For a 100% ownership stake in the company’s assembly lines, it would…