Page 9 - Supply Chain

Eicher unit to provide electric trucks for Amazon India's delivery ops

Collaboration will introduce 1,000 zero-emission electric trucks for Amazon's delivery work in 5 years

Commerce dept seeks Centre's nod for US-led IPEF 'supply-chain' agreement

The primary goal of the agreement is to enhance the 'resilience, efficiency, productivity, sustainability, transparency, diversification, security, fairness, and inclusivity' of supply chains

KredX to disburse Rs 2,000 cr in working capital for MSME sector

Tier-two cities expected to have 35% growth in demand for such financing compared to last year, says firm

India focused on all key elements of semiconductor ecosystem: Vaishnaw

India is focused on all key elements of semiconductor ecosystem from design to manufacturing, and the nation is emerging as a trusted partner in global value chains, IT Minister Ashwini Vaishnaw said on Friday. In today's economy, semiconductors are required in every sector, Vaishnaw said addressing Semicon India 2023. Demand for electronics is growing every year, the minister added. Talking about Micron's mega plans for India, Vaishnaw said construction of the unit will start soon.

TVS SCS secures deal worth Rs 2,000 crore from UK-based Centrica PLC

The company did not divulge the size of the deal

Yellen visits Vietnam to build US ties to offset tensions with China

The US considers building strong economic and security ties with Vietnam a priority, US Treasury Secretary Janet Yellen said Thursday as she met with Vietnamese officials in a visit aimed at fortifying America's relations across Asia. Yellen arrived in Vietnam after visits to Beijing and to India, where she attended financial meetings of the Group of 20 major industrial economies. The United States considers Vietnam a key partner in advancing a free and open Indo-Pacific, Yellen told Vietnamese Prime Minister Pham Minh Chinh, according to remarks provided by the US Treasury Department. A free and open Indo-Pacific refers to the latest iteration of broad US diplomacy aimed at cultivating stronger ties with other countries in the region to in effect counter China's growing sway among its neighbours. Vietnam is also a close economic partner, with our two-way trade reaching record highs last year and the United States serving as Vietnam's largest export market, she said. It is a prior

Godrej Aerospace eyes share of GE 414 engine manufacturing, supply chain

Godrej Aerospace will be pitching to manufacture modules of the engine, a company official told Reuters during a plant visit

Xi Jinping urges open supply chains after curbing exports of key metals

The world's No. 2 economy wants to work with nations to reject the moves of setting up barriers, decoupling and severing supply chains," Xi said in a virtual speech

US, India to build payment security system to put 10,000 e-buses on roads

Move will boost India's focused efforts in reducing greenhouse gas emissions, improving public health, and diversifying global supply chain

Minerals Security Partnership: What is it, and why is it important?

The Minerals Security Partnership (MSP) was announced in June 2022 by the US to strengthen critical mineral supply chains; India is not a part of the 11-member group

Top 5 GHG emitting nations responsible for 40% food supply emission in 2019

Food consumption in the five highest greenhouse gas (GHG) emitting countries, including India, was responsible for more than 40 per cent of global food supply chain emission in 2019, according to a study. The research, published in the journal Nature Food, found that action to protect the planet against the impact of climate change will fall short unless emissions are reduced from the global food system, which now makes up a third of man-made GHG emissions. The largest emission increase within food supply chains is triggered by beef and dairy consumption in rapidly developing countries, such as China and India, while emissions per head in developed countries with a high percentage of animal-based food declined, the researchers said. The team noted that the growth of the global population and rising demand for emission-intensive food are likely to boost emissions further. "A global shift in diets, including reducing excessive intake of red meat and improving shares of plant-based ..

India seen as major beneficiary as supply chains migrate from China

"In India we see a tripling of the manufacturing base by 2031 with its share of GDP rising from about 16% to 21% over the same time horizon," the report stated

EAM flags supply chain disruptions, prolonged debt crisis as key challenges

The prospects of a global economic recovery remain dim amid supply chain disruptions, prolonged debt crisis and pressures on energy, food and fertiliser security, External Affairs Minister S Jaishankar said on Monday, calling for a united global approach to deal with the challenges. In an address at the G20 Development Ministers' conclave here, he also said that India has put forward an ambitious seven-year action plan for accelerating progress on the Sustainable Development Goals (SDGs) that presented an integrated and inclusive roadmap for G20 actions. The roadmap focuses on digital public infrastructure and fostering data for development, investing in women-led development and energy transition to protect the planet. "The world today faces unprecedented and multiple crises -- from the pandemics to the disruptions in supply chains, from the impact of conflict to climate events, our era is becoming more volatile and uncertain by the day," Jaishankar said. "Added to this is the ...

Vistara faces shortage of cabin crew uniforms amid supply chain headwinds

Full service carrier Vistara is facing a shortage of cabin crew uniforms and some of its cabin crew members will soon be wearing black-coloured uniforms as a temporary solution. Vistara, a joint venture between the Tata Group and Singapore Airlines, has said it is actively working with suppliers to resolve the issue as quickly as possible. The airline, which is to be merged with Air India, is expanding its fleet as well as staff strength. Against this backdrop, the carrier on Friday said due to an unforeseen issue with supply of material, it is experiencing limited availability of cabin crew uniforms. "In the coming days, some of our cabin crew may be seen performing their duties in black-coloured trousers and polo T-shirts with the Vistara logo instead of our standard aubergine uniform," it said in a tweet. Vistara expects to add a total of 10 planes as well as hire more than 1,000 people in the current financial year.

Cargo traffic handled by major ports up 3.2% YoY at 68.06 MT in May: IPA

Cargo traffic handled by major ports in the country witnessed an annual rise of 3.2 per cent to 68.06 million tons (MT) in May this year, an official release said on Monday. These ports had handled a total of 65.94-million tons in May 2022, it said. During May 2023, the major ports handled a total 68.06 MT of cargo, against 65.95 MT handled during the corresponding period of last year, a year-on-year growth of 3.20 per cent, Indian Ports Association (IPA) said in a statement. There are 12 major ports, -- Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (V O Chidambaranar), Visakhapatnam, Paradip and Kolkata (including Haldia) and Jawaharlal Nehru Port. Of these, eight ports witnessed a surge in the cargo traffic handled by them during the previous month while the remaining four saw cargo traffic at their facilities declining on a year-on-year basis in May, the statement said. Syama Prasad Mookerjee Port (SMP), Kolkata Port (Includ

IPEF's supply chain agreement to boost domestic manufacturing: Commerce min

Implementation of the supply chain agreement being finalised among the 14-member IPEF grouping is expected to extend a number of benefits to India, including boosting domestic manufacturing and mobilisation of investments, the commerce ministry said on Thursday. Members of the Indo-Pacific Economic Framework (IPEF) concluded the negotiations on the proposed agreement, one of the four pillars of the Indo-Pacific Economic Framework for Prosperity (IPEF), on May 27 in Detroit. "Once implemented, the Supply Chain Agreement is expected to bring in a number of benefits to India and the other IPEF partner countries," it said. Some of the key benefits expected are potential shift of production centres in key goods/critical sectors to India; bolstering of domestic manufacturing capacities; mobilization of investments especially in production of key goods, logistics services and infrastructure, the ministry said. It may also help in increasing exports from India; mitigation of risks of econo

Govt to brief industry on US-led initiative IPEF's supply chain pillar

Government officials said there will be more rounds of stakeholder and legal consultations will take place before the text is finalised

IPEF members "substantially conclude" deal on supply chains in Detroit

However, no mention of a proposal made earlier by US seeking advance notices on tariff changes and export curbs from partner countries, before firming up their positions

Entire E2W supply chain under stress as govt stance on subsidy hardens

Uncertainty over direction of govt policies is slowing investments and purchases; vehicle and ancillary makers need 5-year policy perspective to take investment calls, say industry experts

Negotiations on supply chain agreement under IPEF conclude: Ministry

Members of the 14-nation bloc IPEF have 'substantially' concluded the negotiations on the supply chains agreement, including improving logistics and connectivity; promoting investments in critical sectors and cooperation for mitigation of disruptions to ensure business continuity, the commerce ministry said on Sunday. The IPEF was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23 in Tokyo. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy (issues like tax and anti-corruption). India has joined all the pillars except the trade one. The talks on supply chains, clean economy and fair economy were held on May 27 in Detroit, US. Commerce and Industry Minister Piyush Goyal virtually participated in the ministerial meeting. At this meeting, negotiations under the Supply Chains (Pillar-II) were substantially concluded; while good progress was reported under the other IPEF Pillars, the .