Orsted says Taiwan wind project to power TSMC on track for 2025 finish
TSMC said in 2021 that it aimed to reach net zero emissions by 2050, matching government plans.
TSMC said in 2021 that it aimed to reach net zero emissions by 2050, matching government plans.
The electronics industry also witnessed a significant deployment of women in various roles, particularly in manufacturing.
The report says there's a global shift towards India, With China+1 approach, companies are turning to India as a viable alternative for diversifying their manufacturing bases.
There is demand for 40,000-50,000 employees across job roles in 2024, a 25-30% increase over last year, says staffing company Randstad. The sector is expected to see more than 800,000 to 1 million job openings over the next five years.
Over the past decade, Vietnam has built a beachhead in manufacturing, ranging from cars to electronics. Computers and accessories are now the largest export, surpassing textiles and footwear.
The Tata Group is set to make a significant investment in fab manufacturing in Gujarat, according to Union Minister for Electronics and Information Technology, Ashwini Vaishnaw. Speaking at the Vibrant Gujarat Global Summit, Vaishnaw revealed that the investment will be "very big" and that a Cabinet note seeking approvals for the project will be moved "very soon".
The government saw some large deals being finalised with companies across the globe in lucrative industries such as electronics, automobiles and semiconductor manufacturing.
Chief minister Siddaramaiah is particular that there cannot be any delay with clearances to the high-profile project, Industries Minister MB Patil told ET.
"We are thrilled to be manufacturing the Nokia XR21, our signature rugged 5G smartphone, in Europe," HMD Global co-founder, chairman and CEO Jean-Francois Baril said on Tuesday.
"We will start to take advantage of working on the manufacturing of some more components in India. And eventually even for realme, in fact we are very few companies which are exporting products, and we will be working on improving that (aspect also)," said Sreehari.
Of these three verticals, manufacturing (35%) will lead the spending, followed by energy (20%), and public services (16%), as per the research firm.