Page 4 - Supply Chain

Piyush Goyal calls for 'economic nationalism' to boost local supply chains

The Minister's comments come as India positions itself as a viable manufacturing alternative amidst shifting global trade patterns

Stronger AC efficiency rules can help India avoid power shortages: Study

The study conducted by India Energy and Climate Center (IECC) highlights that India adds 10 to 15 million new ACs annually, with another 130 to 150 million expected over the next decade

CAG, IIM Mumbai sign pact on logistics, supply chain, inventory management

The Comptroller and Auditor General (CAG) of India and the Indian Institute of Management, Mumbai, on Tuesday signed an agreement to enhance the efficiency and transparency of public sector logistics, supply chain and inventory management. The Memorandum of Understanding (MoU) was signed in the presence of CAG K Sanjay Murthy and Director of IIM Mumbai Manoj Tiwari, the CAG office said in a release. "This MoU represents an initiative spearheaded by CAG of India, to actively engage with institutes of national importance, such as IIM Mumbai, excelling in various areas, to enhance the capacity building of Indian Audit and Accounts Department (IAAD) officials at a mass scale," it said. By collaborating with such prestigious institutions, the CAG aims to strengthen the auditing capabilities and improve resource management across government departments and public sector enterprises, the release said. The MoU, the CAG office said, focuses on leveraging IIM Mumbai's academic expertise to .

Geniemode raises over $50 million in Series C round led by Multiples

The investment is aimed at fuelling its global expansion and enhancing its technology-driven supply chain solutions, the company said

Swiggy to invest Rs 1k cr in supply chain unit Scootsy amid qcom expansion

Scootsy provides services such as warehouse management and processing to improve order deliveries and shipping processes for wholesalers and retailers

UP to develop vendors' chain to bolster India's defence manufacturing

The proposed defence MSME (micro, small, and medium enterprise) corridor comprising hubs of ancillary units will primarily feed the UP Defence Industrial Corridor

iPhone components maker Murata eyes supply chain shifts toward India

The Kyoto-based maker of multilayer ceramic capacitors sees growing demand in India and is running simulations

Western tech firms adopt 'Anything but China' approach amid global tensions

This is a big shift from the 'China plus 1' strategy followed by companies to diversify supply chains

Best of BS Opinion: Creative policymaking needed to resolve knotty issues

Policymaking must find simpler ways of resolving seemingly complex problems: such an approach frees up economic agents for productive activity

Lotte Wellfood to invest $300 mn in India for capacity, supply chain growth

The merger of Lotte India and Havmor Ice Cream India to be completed in March

Budget an opportunity to bolster supply chain sector: Mahindra Logistics MD

The government needs to prioritise incentives that enhance global connectivity and bolster logistics and supply chain, Mahindra Logistics Managing Director and Chief Executive Officer Rampraveen Swaminathan said ahead of the Union Budget. "The upcoming budget presents a pivotal opportunity to strengthen India's logistics and supply chain sector, a backbone of economic growth and a key enabler of trade and commerce," Swaminathan said on his company's Budget expectation. The Union Government is set to present the 2025-26 Budget on February 1. "To drive India's logistics sector toward global competitiveness, we urge the government to prioritize incentives that enhance global connectivity and enable seamless integration with international markets," he said. Swaminathan also said that by prioritising infrastructure investments across highways, expressways, multi-modal transport networks, and logistics parks, the government can catalyse sectoral transformation. Accelerating automation,

PM Narendra Modi for cutting reliance on import-based supply chain

Odisha's flagship global investors' summit is in its fourth edition and the first under the Bharatiya Janata Party (BJP)-run state government

Supply chain platform KredX secures RBI's approval to launch TReDS platform

KredX's DTX is the fifth platform to receive the banking regulator's nod to operate TReDS

Lessons learned from the pandemic: M&M chip-ready for BE 6, XEV 9e EVs

Starting with 5000 pm sales and annual 90k capacity, M&M says it can expand it by adding shifts

Why India and China should admit that their economies are intertwined

A lot has changed. Both nations are more than a little concerned about how they will revive slowing growth

102 aircraft on ground due to supply chain issues: Govt tells Lok Sabha

The government on Thursday said 102 aircraft are on the ground due to supply chain issues and that it has been encouraging development of the ecosystem for manufacturing of planes by public as well as private enterprises in the country. Supply chain woes have been impacting the airlines' industry in recent years, especially after the coronavirus pandemic and due to certain geopolitical developments. In a written reply to the Lok Sabha, Minister of State for Civil Aviation Murlidhar Mohol said aircraft operating in India are periodically inspected for compliance with Directorate General of Civil Aviation (DGCA) regulations. The aircraft can also be withdrawn by the airline from flying when the spare parts and consumables to maintain the aircraft are not available from Original Equipment Manufacturer (OEM) & manufacturer to keep it airworthy. "There are total 822 aircraft registered under Scheduled Air Transport Service out of which 105 aircraft are Aircraft on Ground (AOG) due to ..

Bureaucratic interventions in the form of QCOs hurt Indian manufacturing

Steel is a case in point. The industry is naturally concerned about the impact of overcapacity in China, which might render Indian-made steel uncompetitive

Demand-supply mismatch: Affordable housing shortage must be addressed

A Knight Frank study shows that India will face an affordable housing shortage of 31.2 million units by 2030. There is already an existing shortage of 10.1 million units

Indian biz should take balanced approach in dealing with China: Jaishankar

Indian businesses should take a "balanced" approach in dealing with China as excessive dependence on its supply chain could be detrimental to India's national interest, External Affairs Minister S Jaishankar said on Thursday. In an interactive session at industry chamber Assocham, he said the recent resolution of the issues in the remaining friction points along the Line of Actual Control (LAC) in eastern Ladakh has resulted in "some progress" but there is a need for further discussions. To a question on evolving relations with China, he said with that country accounting for 32-33 per cent of global manufacturing, it is logical that several supply chains will have to go through China. "It is a reality which we will have to factor (that) into our calculations." "But it is also a fact that if you become excessively dependent on a single supply chain or in the name of supply chain, you open up your market that it is no longer a supply chain, but your sectors are getting hollowed out.

Supply disruptions to hit production and deliveries in 2024: Audi India

German automaker struggles to meet customer expectations despite strong demand