New industrial policy coming early next year: Suresh Prabhu

Also Read: Divestments,rising GST mop-up to lower fiscal deficit pains The Department of Industrial Policy and Promotion (DIPP) in August floated a draft industrial policy with the aim to create jobs for the next two decades, promote foreign technology transfer and attract USD 100 billion FDI annually.

Opinion: Germany’s car industry gets cold shoulder from Berlin

German car industry leaders know how to use a bit of arm-twisting when they seek favors from the government. In an almost routine fashion, they would raise the specter of massive job losses if, for example, an economic downturn had hit the industry, or the European Commission was once again showing some determination to lower […]

Delphi Technologies names Hari Nair as interim CEO

propulsion systems supplier Delphi Technologies on Friday said that the company has appointed Hari N. Nair as interim Chief Executive Officer, effective immediately.As per company release, Nair succeeds Liam Butterworth who is stepping down from his role as President and Chief Executive Officer to pursue other interests.With more than 30 years of automotive executive experience, […]

IIT Madras Researchers develop alternatives to Li-ion and lead-acid batteries for industrial use

battery stack development.In a ‘flow battery,’ energy is stored externally in chemical form, i.e. in the form of active species dissolved in the electrolyte, in large tanks. The power of a battery stack depends on the number of cells in it and its energy storage capacity depends on the volume of electrolyte stored in the […]

Major focus is on disruptive technologies in skill development programs: APSSDC CEO Arja Srikanth

By Srinivas G. RoopiGovernment agencies, nowadays, are equally advanced as private players when it comes to adopting technology. Andhra Pradesh, which is known for its tech-driven governance for decades now, is creating a tech-enabled workforce on a massive scale. Through Andhra Pradesh State Skill Development Corporation (APSSDC) hundreds of thousands of youths are being imparted […]

German carmakers under pressure from coronavirus crisis and industry transformation

Cars and COVID-19: From shutdown to slow recovery Assembly lines rolling again The world’s largest carmaker by sales, Volkswagen, has reopened its factory in Zwickau, Germany, pressing ahead with the production of its ID.3 electric car. Despite a 5-week work stoppage at the plant, VW says efforts to roll out the pivotal mass-market electric vehicle […]

Medical device industry suffers up to 85% drop in revenues during April-June: MTaI

Medical technology industry has suffered around 50-85 per cent drop in revenue during April-June with a decline in surgical procedures at hospitals due to COVID-19 situation, industry body MTaI said on Wednesday. Medical Technology Association of India (MTaI), which represents research-based medical technology companies in the country, said the government should consider reducing tax burden […]

China Announces Investment of ‘Hundreds of Billions of Yuan’ into Key Industry Projects

According to SCMP, the new joint initiative between MIIT and CDB is part of China’s recent efforts to develop its domestic manufacturing sector “after a growing list of Chinese businesses, including [telecom giant] Huawei, have been blacklisted by Washington, restricting their access to U.S. products and technologies.”

SEAT to train 14,000 employees to meet future challenges of the industry

NEW DELHI: Global automaker, SEAT will train more than 14,000 employees globally through a new training programme centered on the future challenges facing Industry 4.0, the company said in a press release.The company has designed a programme to make workers aware of the real meaning of the Industry 4.0 concept in an entertaining, interactive way, […]

Too much tax, high interest rates biggest hurdles for growth of auto industry: Force Motors

high interest rates are the two biggest impediments in the growth and profitability of the automotive industry in the country, according to Force Motors. The Pune-based company, which makes commercial vehicles under the Traveller brand and utility vehicle Trax, besides a range of tractors, said the situation calls for a very detailed and thorough reform. […]