Industry 4.0 on a rising curve

The 2017 Zebra Technologies’ Manufacturing Vision Study reveals the current state of the industry and the extent of technology adoption by decision makers in Asia Pacific. Globally, 1,100 executives from automotive, high tech, food, beverage, and tobacco, and pharmaceutical manufacturers in North America, Europe, and APAC participated in the study. APAC participants include those from China, India, Japan, Australia, and South Korea.  SHIFT TO A QUALITY-FOCUSED BUSINESS MODEL Manufacturers are entering a new realm where quality is now the competitive differentiator to retaining and gaining customers. It also translates into…

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India’s manufacturing sector must grow 14-15%: ASSOCHAM-EY Study

If India has to maintain a sustained GDP growth of 9-10 per cent per annum, it is crucial that the manufacturing sector grows steadily at 14–15 per cent per annum over the next three decades, noted a recent ASSOCHAM-EY joint study. The joint report stated that while the Goods and Services Tax (GST) has to a large extent addressed prevailing regulatory issues, states across India must individually look into bureaucratic obstacles along with other obstructive regulations and policies on priority, based on their own manufacturing goals. “Manufacturing sector in each…

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India Inc not ready for professional boards, says CEOs survey

India Inc is not ready yet to give complete management control to professional boards and managers, as majority of the corporate firms have promoters’ holding well over 50 per cent and even those with much lower stake are not willing to bet fully on professionals, an ASSOCHAM CEOs’ survey has noted.  “An overwhelming majority of 78 per cent of the 155 CEOs both from professional and promoter driven firms, answered in the negative when asked whether the promoters are willing to cede complete control of the corporate India to independent…

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Importance of gas pipeline from Iran-Oman

If India has to feedstock   its power, fertilizer and steel plants in an environment–friendly & affordable way, it must  push for a transnational deep water gas  pipeline from Iran, passing through Oman but  bye-passing Pakistan for a sustainable supply of the industrial fuel, an ASSOCHAM study has said. “An undersea pipeline between Iran-Oman-India will connect the producers and consumers of gas directly. This will bypass all geo-political issues. It will also lead to more gas-to-gas competition and creating a genuine gas hub, as in Europe /USA etc”, an ASSOCHAM study on ‘Middle East to India Deep Water Pipeline- A Favourable Situation…

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Domestic cargo registers 8.0% annual growth during FY07-17

Domestic cargo has registered a growth of 8.0% at a CAGR during FY07-17, whereas international cargo grew at 6.2% annually during the same period, according to an ASSOCHAM-Yes Bank joint study. In India, Air Trade to GDP ratio has doubled from 4% to 8% in the last twenty years. Air Cargo contributes about 20% of airlines revenue. Air Cargo industry involves a wide variety of service providers and employs nearly 70,000 thousand persons in the country, reveals the joint study on ‘Civil Aviation’ released today at New Delhi. Air Cargo…

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India may see low plant load factor until 2018-19

India’s energy sector is facing low capacity utilisation in power generation as plant load factor (PLF) is estimated to remain low at around 62 per cent until 2018-19, noted a recent ASSOCHAM-Crisil joint study. The ASSOCHAM-Crisil joint study titled ‘Insolvency and Bankruptcy Code: Protecting stakeholders, improving ease of doing business,’ noted that India had made considerable progress in power sector in the past three years which resulted in improved access to electricity, better financial health of discoms and promotion of renewable energy generation. However operational performance of discoms remains a…

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Passenger Vehicle industry to grow 9-10% during FY2018

Summary of a recent report released by ICRA…  The passenger vehicle segment is one of the important economic indicators, reveals a lot about the health of the economy. In this regard, the Indian passenger vehicle (PV) industry is likely to consolidate further on its growth path for the fourth year in a row since FY2014, the year when it last witnessed a blip. According to an ICRA study, the domestic PV sales will grow by a healthy 9-10% during FY2018 and between 9-11% at a Compounded Annual Growth Rate (CAGR) over the…

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Tyre demand growth pegged at 7-8% for FY2018 and FY2019

A recent report by credit rating agency ICRA…   Tyre volume demand is expected to grow by 7-8% during FY18 and FY19, boosted by higher OEM demand and stable replacement demand, says an ICRA research report. Replacement demand for the truck and buses (T&B) is likely to pick up to 5 % in FY18 following the 0-3 % decline witnessed in FY17 (Provisional). Though demand in Q1FY2018 suffered due to destocking by dealers before GST rollout, this is a short term aberration and volumes should recover in H2FY2018.     Expected growth…

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Indian logistics industry to experience higher investments

Advances in digital technologies create growth opportunities for logistics technology developers, finds Frost & Sullivan’s Supply Chain & Logistics Transformation team The Government of India’s strong emphasis on manufacturing and initiatives such as “Make in India” is boosting domestic production, which is bolstering the logistics industry. Logistics companies are making concerted efforts to keep pace with this growth in demand by digitizing their solutions and offering online freight services. These services will provide visibility across the supply chain and transform it into an organized industry. Some of the advanced technologies…

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Commercial vehicle manufacturers to focus on value truck segment

Moving beyond the product to offer complete solutions for truck customers will multiply growth opportunities, finds Frost & Sullivan’s Mobility team   The heavy duty (HD) truck market in India is moving away from basic economy trucks to value trucks. With growing volumes, regulatory changes, and the entry of new global players, customers are looking beyond a low-cost product toward productivity and efficiency at a price premium. This gives a distinct advantage to market participants that have the ability to provide complete truck solutions to customers. The challenge is that…

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