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Working with SIAM to enhance localisation, says ACMA - The Hindu BusinessLine

Working with SIAM to enhance localisation, says ACMA
April 22, 2021
Initiative will help the industry cut down on imports
The Automotive Component Manufacturers Association (ACMA) on Thursday said it is working closely with Society of Indian Automobile Manufacturers (SIAM) to enhance localisation of various products in order to make the industry price competitive globally.
Speaking at the ACMA Automechanika the two-day annual event Deepak Jain, President, ACMA, said that the initiative would also help the industry to reduce imports of sub standards components.
“This will not only help us in enhancing exports, but will also help curb import of spurious and sub-stand components that are imported solely for the reason of being better priced,” Jain said. ....

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Working closely with SIAM to enhance localisation in auto component sector: ACMA

Working closely with SIAM to enhance localisation in auto component sector: ACMA
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Factory to the World?- Business News

Photograph by Rajwant Rawat
On March 10, the $274 billion, Cupertino, California-based Apple Inc. announced it is starting production of the 5G-compatible iPhone 12 in India. It appeared like a routine announcement. After all, Apple has been assembling older generation iPhones in India through contract manufacturers since 2017. It wasn t.
It might have been a small step for Apple but was a giant leap for Indian manufacturing. India s new Production Linked Incentive (PLI) Scheme to reduce import dependence and promote local manufacturing had lured three of Apple s Taiwanese original equipment manufacturers - Foxconnn Hon Hai, Wistron and Pegatron - to pump in millions of dollars to expand Indian facilities. They will move a step up from assembling imported parts here to making or sourcing more components locally. Like Apple, about 70 firms have shown interest in availing the PLI Scheme to set up manufacturing facilities in three key sectors: mobile and electronic component ....

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Automechanika New Delhi goes virtual, 22-23 April

Messe Frankfurt refits Automechanika for virtual edition in India. ....

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Maharashtra curfew: Half of factories may remain shut for next fortnight

Half of the manufacturing units in Maharashtra could remain shut for the next fortnight as the state’s new Covid-19 norms come into effect. These include appliance and apparel makers, which fall in the non-essential category.
On Tuesday, Chief Minister Uddhav Thackeray announced a 15-day statewide curfew and a host of other restrictions to contain the spread of the coronavirus.
According to the order, all factories producing essential goods and services will remain operational at full capacity. Export-oriented units will remain open to fulfil their export obligations. Industries that require continuous manufacturing, too, can operate with 50 per cent workforce. Relaxation has also been provided for factories that offer in-house accommodation. But, all other factories must stop their operations for the next 15 days. ....

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