#tata semiconductor manufacturing plant in india

[tata-digital]

Vibrant Gujarat: Tata Group's Bold Move with Semiconductor Plant in Dholera

In a significant stride towards technological advancement and industrial growth. Tata Group, under the leadership of Chairman N Chandrasekaran, has unveiled plans to establish. A state-of-the-art semiconductor fabrication plant in Dholera, Gujarat. This ambitious project, slated to commence operations in 2024. Was officially announced during the 10th Vibrant Gujarat Global Summit, marking. A…

[mirrikhinfratech]

Tata Semiconductor Plant in Dholera: A Milestone in India's Tech Revolution

The decision of the Tata Group to establish a semiconductor plant in Dholera, Gujarat, is no less than a transformative development in the quest for technological self-reliance by India. Indeed, the latest semiconductor manufacturing unit is arguably the most ambitious industrial project taken up by the country so far and surely bound to reshape India's standing in the global tech landscape by responding to a very critical need for homegrown chip production. This would decrease India's reliance on the importation of semiconductors, acting as a catalyst for economic growth by fostering innovation, job creation, and investments being driven into the economy.

Semiconductor manufacturing plays an important part.

Semiconductors are the lifeline of modern technology, right from simple smartphones and computers to complex automotive systems and industrial equipment; in other words, they power everything. The industry has turned highly indispensable for the emerging sectors of artificial intelligence, 5G telecommunications, and electric vehicles. Its manufacturing capability has conventionally been lacking in India, which is under heavy imports of the product from countries like Taiwan, South Korea, and China.

This dependence came into sharp focus with the COVID-19 pandemic, which has contributed to the global shortage of semiconductors beyond the disruption of supply chains. Further delays and disruption of production lines of key industries greatly raise the need for India to domestically initiate its production of semiconductors. As a matter of fact, the moves of Tata in this sector mark bold and strategic answers to these questions, in tune with the broader push of the Indian government towards self-reliance through its "Atmanirbhar Bharat" initiative.

Why Dholera?

Dholera is an emerging high-tech industries and innovation ecosystem situated in the Dholera Special Investment Region. Dholera presents infrastructure at par with modern times and complete smart city capability, modern logistics with a robust power supply, and complementary renewable energy resources. It is ideally located for setting up semiconductor manufacturing. The proximity of the region to Ahmedabad city and industrial corridors links it to other major domestic and international markets.

Development of Dholera as a Smart City-a completely ecologically balanced urban unit, fully integrated with technology-will add to the incentive that companies like Tata can have for investing in the region. Besides, smart infrastructure, energy-efficient buildings, and eco-friendly industrial practices will make Dholera's ecosystem supportive of high-tech industry development, while ensuring environmental sustainability.

Economic Impact and Job Creation

The effect of the Tata Semiconductor Plant at Dholera will be great, concerning the economic impact it will have on not only the region but also the whole country. Manufacturing semiconductors is a really complex and highly skilled process involving the latest technologies. Thus, the plant will generate a number of high-skilled employment opportunities, especially in engineering, semiconductor design, and research and development areas.

Associated jobs and business activities will also be created by the plant itself: logistics, maintenance, and component supplies. Growth in industry will cause a ripple effect to increase local businesses, real estate development, and infrastructure in the surrounding areas.

Beyond that, the plant will bring much other investment with it from other global technology companies desirous of taking advantage of the burgeoning semiconductor industry in India. Since India has grown into one of the largest markets for electronic and technology products, this semiconductor plant will be very pivotal in ensuring a reliable domestic supply for chips, reduction of imports, and enabling local manufacturers to have products that can compete in the global market.

Building India's Technological Independence

The plant acts as a foraying point in establishing the general semiconductor ecosystem of India to accelerate innovation and research within the themes of chip design, fabrication, and testing. With some experience in these fields, India will be able to position itself as a global powerhouse in semiconductor R&D and hence turn out stronger in the global tech platform, developing new paths towards export-oriented growth.

Geopolitical and Strategic Importance

In this geopolitics, semiconductors have become a sort of strategic asset for various nations of the world. 

The Dholera plant in Tata Semiconductor will enable India to increasingly participate in international supply chains, negotiate a better position vis-à-vis trade agreements, and create collaborations with world technology leaders. It is here that, with this strategic advantage, India will play a leading role in determining the course that technology and innovation will take in the future.

Conclusion

The Tata Semiconductor Plant at Dholera is thus the biggest leap this Indian journey has ever taken toward global leadership in high-tech manufacturing. With this kind of potential for economic growth, highly skilled employment, and a place in the semiconductor supply chain, it is surely a turning point that the technological destiny of this country is going to come across. The investment in semiconductor manufacturing will aid Tata in assuring that India continues to be competitive, resilient, and self-reliant at a time when the world is getting increasingly dependent on digital technologies.

[indiaepost]

Tata Electronics holds groundbreaking ceremony of Rs 27,000 crore chip plant in Assam

In a fillip to Prime Minister Narendra Modi’s vision to make India a global semiconductor manufacturing hub, Tata Electronics on Saturday held the ground-breaking ceremony of its chip assembly and testing unit at Jagiroad in Morigaon district, Assam. The groundbreaking ceremony was held in the presence of Assam Chief Minister Himanta Biswa Sarma and N. Chandrasekaran, Tata Sons’…

[dholeraprime]

A delegation of 50 members from various Japanese companies visited the activation area of #DholeraSIR in Gujarat, led by Japan Bank for International Cooperation (JBIC) and Japan External Trade Organization (JETRO). The delegation explored key infrastructure facilities such as the Power Sub-Station, and Canal Front Development Area during their visit. They were also briefed about how the Sewage Treatment Plant works and how the Water Infrastructure Projects – WTP, STP & CETP are leveraged. They also visited the Tata Electronics Pvt. Ltd. (Semiconductor Fab) & @ReNewCorp sites wherein NICDC and DICDL officials elaborated on the opportunities for Japanese companies in semiconductor manufacturing, aerospace and defence manufacturing, clean energy and other sectors, highlighting the extensive benefits and incentives for investors. Looking forward to fruitful collaborations with Japanese companies. Invest in India’s First Platinum Rated Smart City Dholera SIR.🤩 Contact: 9227033377 More detail visit- https://www.dholeraprime.com

[market-news-24]

Today's Current Affairs: Zoho Plans $700 Million Entry into Chipmaking Industry Indian software company Zoho is making waves with its recent proposal to venture into chipmaking, seeking incentives from the government. With a potential investment plan of $700 million, Zoho aims to manufacture compound semiconductors, a specialized technology crucial for various commercial applications. This move comes in the wake of India's push to boost its semiconductor industry, competing with global players like Taiwan. [ad_2] Download Latest Movies in HD Quality Downloading In 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Downloading In $timeLeft seconds`; timeLeft--; , 1000); ); [ad_1] Semiconductors MCQ: What is Zoho planning to foray into according to the article? Manufacturing smartphones Software development Chipmaking Data analytics Answer: Chipmaking Semiconductors MCQ: What type of semiconductors is Zoho proposing to manufacture? Silicon semiconductors Compound semiconductors Organic semiconductors Metallic semiconductors Answer: Compound semiconductors Semiconductors MCQ: Which ministry in India is reviewing Zoho's proposal for chip manufacturing? Finance ministry Health ministry IT ministry Transport ministry Answer: IT ministry Semiconductors MCQ: What is the estimated investment outlay by Zoho for the chip manufacturing project? $500 million $700 million $1 billion $1.5 billion Answer: $700 million [ad_2] What is Zoho planning to do according to the article? Zoho is planning to foray into chipmaking and seeking incentives from the federal government for a $700 million investment in manufacturing compound semiconductors. Why is Zoho seeking financial incentives from the government? Zoho, like other companies, is seeking financial sweeteners from the government to set up a chip fabrication plant as semiconductors are a key plank of India's business agenda with a $10 billion package in place to boost the industry. What type of semiconductors is Zoho proposing to manufacture? Zoho is proposing to manufacture compound semiconductors, which have specialized commercial applications and are made from alternatives to the more-commonly used silicon in chipmaking. What are India's plans regarding the semiconductor industry mentioned in the article? In February, India gave the go-ahead to construction of three semiconductor plants worth over $15 billion by firms including Tata Group and CG Power, with plans to manufacture and package chips for sectors including defence, automobiles, and telecommunication. India has estimated its semiconductor Market will be worth $63 billion by 2026. [ad_1] Download Movies Now Searching for Latest movies 20 seconds Sorry There is No Latest movies link found due to technical error. Please Try Again Later. function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval);

document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000); [ad_2] Today's Current Affairs: Indian software firm Zoho is making waves with its plan to enter the world of chipmaking. The company is seeking incentives from the government for this venture, with a proposed investment of $700 million. Zoho, known for its software and subscription services, is looking to manufacture compound semiconductors to cater to specialized commercial applications. The move comes as India aims to boost its semiconductor industry with a $10 billion package to compete with countries like Taiwan. The proposal is currently under review by the IT ministry, with Zoho already identifying a tech partner for the project. This development highlights the growing importance of semiconductors in India's business agenda, with the country eyeing a $63 billion semiconductor Market by 2026. [ad_1]

[robertemma27-blog]

Smart Pneumatics Market Statistics, Analysis and Growth Report

The global smart pneumatics market was valued at USD 3.3 billion in 2018 and is projected to reach USD 4.6 billion by 2023, at a CAGR of 6.7% from 2018 to 2023. 

The growth of this market can be attributed to the penetration of digitization and IIoT. The integration of IIoT enables companies to connect sensors used for monitoring parameters, such as vibration, temperature, and noise, to the Internet and monitor their pneumatic systems in real time. IIoT offers a single platform where companies can integrate all the data, and process them as required. Moreover, the use of IIoT for condition monitoring and predictive maintenance can help ensure high uptime of critical assets, particularly those that have random failure patterns. The increase in the adoption of IIoT presents an opportunity for the smart pneumatics market.

Emerson Electric Co. (US), Festo AG & Co. KG (Germany), Parker Hannifin Corporation (US), Bimba Manufacturing Co. (US), Rotork plc (UK), Metso Corporation (Finland), and Thomson Industries, Inc. (US). are the major players operating in this market.

Download PDF: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=113755556

Smart Valves held largest share of smart pneumatics market in 2018

The smart pneumatics market, based on type, is led by the “smart pneumatic valves” segment (in terms of size). Smart valves incorporate sensors and other electronics to provide operational feedback to a controller. Beside energy efficiency, smart valves also promise enhanced connectivity. Condition monitoring provides useful feedback about valve functionality, and users can take action if a valve is not performing as intended. However, the real benefit of smart valves is that they enable predictive maintenance. These systems have witnessed significant adoption across food & beverages, automotive, semiconductor, and water and wastewater industries as they strive to reduce energy costs.

Market for automotive industry is likely to grow at higher CAGR during forecast period

The market for the automotive industry is expected to witness the highest CAGR during the forecast period. A rising automobiles demand has encouraged manufacturers to monitor their plant machinery health effectively to ensure smooth production line operations. Smart pneumatic systems play a crucial role in ensuring efficient manufacturing processes. Automotive manufacturers are also adopting IIoT systems to increase energy efficiency and monitor asset condition. This is creating a huge potential for smart pneumatics in the automotive industry.

APAC accounts for largest market size during forecast period

APAC held the largest share of the smart pneumatics market in 2018, followed by North America and Europe. The growing adoption of smart manufacturing or Industry 4.0 in various industries is creating a huge demand for smart pneumatics in the region. Besides, factors like growing focus on optimum asset utilization; stringent government regulations for workplace and personal safety; and tight quality control in the automotive, semiconductor, chemicals, and food & beverages industries are driving the demand for smart pneumatic systems in APAC. The region is a preferred manufacturing hub for global automotive companies, such as Volkswagen (Germany), Toyota (Japan), Renault-Nissan (Netherlands), and Daimler (Germany), as well as local manufacturers, such as Tata Motors (India) and Mahindra & Mahindra (India).

[ethereum-infracon-dholera]

Dholera SIR India’s Greenfield Smart City Leading in Sustainable Development

Dholera SIR earns India’s first Platinum Rating as a Greenfield Industrial Smart City, leading in sustainable development and pioneering key industries in India’s thriving economy.

Dholera SIR is India’s first Greenfield Industrial Smart City to achieve a platinum rating by the Indian Green Building Council (IGBC). Phase 1, called the Activation area, comprises 22.54 Sq Km out of the total 920 Sq Km. The Activation area is ready to accommodate industry and citizens, with more than 72 km of road and utility network on both sides of the roads. It comprises allocated areas for industries, residential, mixed-use, recreation, social infrastructure, and tourism. Land allotment for industries has already begun for contiguous land parcels ranging in size from 1 Acre to 330 Acres and more.

Dholera SIR Project will also play a major role in ushering in the development of the Semiconductor and Display industry in India with a Semicon City within SIR. Renew Power, one of India’s largest renewable energy park developers has taken 100 acres of land and has started phase-wise construction of their solar module and cell manufacturing plant. Along with this, TATA Chemicals Ltd will be setting up a lithium-ion battery manufacturing plant and has taken 126 acres of land. Hindustan Petroleum Corp Ltd is set to establish fuel stations and EV charging stations. To meet the power requirements of the industries, Torrent Power has established a power distribution network in Dholera.

Dholera will offer 360-degree connectivity via Air, Road, Rail and Sea. The world-class 4-lane expressway connecting Dholera with Ahmedabad is under construction and is expected to be completed by the year 2024. The right of way has been acquired for the construction of Metro rail as well in one common corridor. The multi-modal transport system will have a regional goods corridor, public transport corridor, internal transport, Bus Rapid Transport (BRT), and Mass Rapid Transport (MRT). Dholera International Airport, a Greenfield project under implementation, is under construction, and work for phase 1 is already in progress. The airport is expected to be operational by 2025-26, which will initially cater to 3,00,000 passengers and handle more than 20,000 tonnes of cargo approximately per annum. With a 6.5 Km canal with a stormwater management system, citizens will enjoy recreational and leisure activities at the Canal front.

Providing a strong backbone to the sustainable design of Dholera is its Smart water management system. Along with the storm water canal, this robust system features a water treatment plant (WTP) of 50 MLD in Phase 1, a Master Balancing Reservoir (MBR), various Elevated Service Reservoirs in the activation area, a Sewage Treatment Plant (STP) of 10 MLD and a Common Effluent Treatment Plant (CETP) of 20 MLD capacity in Phase 1. 

The 4400MW Solar Park project at Dholera is set to change the energy generation game of the country and will help in achieving the national goal of green energy generation of 250 GW by 2030. For the development of the solar park, 1000MW has been allotted to GPCL for implementation; out of this, 300 MW has already been commissioned by TATA Power Company Limited. The power evacuation to the grid is operational, which is laid down by GETCO, a State power transmission company.    

[lanshengic]

Indian semiconductors on the rise: Tata plans to build manufacturing facility in Sanand, Gujarat

【Lansheng Technology News】The rise of Indian semiconductors: Tata plans to build Micron’s US$2.75 billion chip manufacturing facility in Sanand, Gujarat. The company said in a statement that the contract award to Tata Projects solidifies the company's presence in the development of large-scale, sustainable infrastructure in the Indian manufacturing sector. Tata Projects has won a construction contract from Micron Technologies for its state-of-the-art semiconductor assembly and testing facility in Sanand, Gujarat.

“This long-lasting project is a major milestone and the largest investment by an Indian semiconductor delegation,” he said, adding that the first phase of construction will include 500,000 square feet of clean room space and is scheduled to be operational by the end of 2024.

The project includes the design and construction of a first-of-its-kind DRAM and NAND assembly and testing facility in India. The Tata project aims to accelerate construction through 4D BIM and hybrid modularization using modern construction methods and technologies involving integrated EPC delivery, it added. The Sanand factory will be designed in compliance with LEED Gold Standard Green Building Council and will also integrate advanced water-saving technologies.

Union Minister Ashwini Vaishnaw said on Saturday that two large semiconductor proposals are under process and expected to take shape in the next few months. Without revealing details of the proposals, the minister said the projects will be focused on a special area where India can become a leader at the global level.

Talking to PTI on the sidelines of the groundbreaking ceremony of Micron's semiconductor plant, Vaishnaw said the global semiconductor company has taken note of India's progress in the field and Prime Minister Narendra Modi's ability to execute major and complex policy decisions.

"This makes India a major trusted geographic region for global industry players to look to enter. We could see at least two more large semiconductor proposals taking shape in the coming months," Vaishnaw said.

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Our main brands: STMicroelectronics, Toshiba, Microchip, Vishay, Marvell, ON Semiconductor, AOS, DIODES, Murata, Samsung, Hyundai/Hynix, Xilinx, Micron, Infinone, Texas Instruments, ADI, Maxim Integrated, NXP, etc

To learn more about our products, services, and capabilities, please visit our website at http://www.lanshengic.com

[paullui2002]

Green Tea Market Share, Sales Channels and Overview Till 2027

The global green tea market is accounted to US$ 12,777.6 Mn in 2018 and is expected to grow at a CAGR of 6.0% during the forecast period 2019 – 2027, to account for US$ 21,456.2 Mn by 2027. Green tea is prepared from the Camellia sinensis plant. The leaf buds and dried leaves of the Camellia sinensis plant are used in the preparation of the green tea. It is prepared by pan-frying and steaming these leaves, followed by drying them.

Green tea is known to be beneficial against various health issues such as depression, various types of cancers such as lung cancer, liver cancer, colon cancer, gastric cancer, and many others. Some of the scientific studies have also proven that the consumption of green tea is beneficial in enhancing thinking skills and also is helpful in lowering cholesterol and triglycerides in the body. Asia Pacific accounted for the largest share of the global green teas market. The demand for green tea is expected to increase in the region with the growing awareness of the health benefits attributed with the consumption of green tea. The green tea manufacturers are expanding their production activities in developed countries such as China, India, Japan, and South Korea so as to meet the rising demands of green tea in the region.

Get sample PDF Copy of Green Tea Market at @ https://www.theinsightpartners.com/sample/TIPRE00008949/

The green tea market, by flavour has been segmented into lemon, aloe vera, cinnamon, vanilla, basil, and others. The lemon segment accounted for the largest share of the green tea market in 2018. The lemon green tea consists of antioxidants, flavonoids, and other phytonutrients which helps fighting many diseases including cancer. It is also available in the form of iced lemon green tea. Adding fresh lemon juice to the green tea, increases its medicinal properties along with enhanced taste. The combination of green tea and lemon juice produces a drink which is rich in vitamin C that has anti-inflammatory and anti-microbial properties.

For more details visit here @ https://www.theinsightpartners.com/reports/green-tea-market

The global green tea market by geography is segmented into five regions, including North America, Europe, Asia Pacific, Middle East and Africa, and South America. Asia Pacific region is expected to account for the largest share of the global green tea market in 2018, followed by Europe and Asia Pacific. In addition, some of the major players in the green tea market include AriZona Beverage Co., Associated British Foods plc, Dilmah Ceylon Tea Company PLC., Finlays, Hankook Tea, ITO EN, Kirin Holdings Company Ltd, Nestle S.A., Tata Global Beverages, and Unilever among others.

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[dholera-greenfield-smart-city]

What is the Latest News about Dholera Smart City in 2022?

Dholera Smart City - A Vision of Hon PM Narendra Modi is started getting buzzing now. There is some fantastic news coming in last month with more focus and investment which is boosting and bringing focus on Dholera again. Attaching an image for some key development and update for Dholera Special Investment Region (SIR).

Dholera SIR Development Highlights:-

Some Benefits are:

·         You will be owning a land in smart city with world class infrastructure and amenities.

·         Your plot will give you almost 1.5 times value in next 2–3 years.

·         Facilities in smart cities include Roads with underground ducts for stormwater, underground pipelines for water, gas, sewage, electricity, ICT, etc.

·         Town planning roads, Dholera is being developed as per Town planning schemes.

·         Zone wise classification of area, like Industrial zone, Knowledge &IT zone, City Center, High Access corridor, Residential zone etc.

·         Smart city is well planned by Halcrow.

·         Tenders are allocated to companies like Aecom, L&T, SPML, Torrent, etc, and India’s first electric vehicles battery manufacturing hub for lithium-ion batteries by Tata chemicals will be in Dholera. Dholera international airport (cargo cum passenger on 1426 ha of land). Ahmedabad to Dholera 250 m expressway.

Dholera Smart City Latest News Update:

Stage Set for Tata-Airbus to Manufacture Aircraft:

Gujarat Govt Offers Land at Dholera SIR Where an International Airport Is Coming Up; Consortium to Manufacture C-295 Military Transport Aircraft at the Facility.

The Tata-Airbus consortium, which has won the Indian government order to manufacture C-295 military transport aircraft, is in final consultations with the state government to set up a manufacturing plant in Gujarat. Tata is zeroing in on a suitable location for the plant. The Gujarat government has offered land in Dholera Special Investment Region to the Tata group to set up the plant. According to official sources, Tata is also eyeing other locations in Gujarat.

Gujarat Government Announces Semiconductor Policy 2022 -2027 Dholera SIR:

The Government of Gujarat Today Announced Semiconductor Policy 2022-27 for Semiconductor and Display Manufacturing. With This Gujarat Has Become the First State to Announced Dedicated Policy for Such Production. The Policy Intends to Create 2 Lakh Employment in Next Five Years.

Dholera Sir: Companies Show Interest to Invest in India’s First Greenfield Industrial Smart City Under PLI Scheme:

Many companies applying for Product Link Incentive (PLI) schemes have generated keen interest to invest in Dholera Special Investment Region (DSIR), India’s first Greenfield industrial smart city being developed near Ahmedabad.

Ahmedabad to Get Its Second Airport at Dholera by June 2024:

Ahmedabad will get its second airport by June 2024 at Dholera. The PM Modi-headed cabinet committee on economic affairs approved the proposal to develop phase-I of a Greenfield airport 80 km from Ahmedabad at an estimated cost of Rs 1,305 crore. Catering to nearby regions too, the airport will get multi-modal connectivity through a six-lane expressway, rapid transport system, broad gauge railway line and a dedicated freight corridor under the PM Gati Shakti program, Union I&B minister Anurag Singh Thakur said Tuesday.

Gujarat: Tata Power commissions 300 MW solar plant in Dholera:

The 300 MW Solar Plant project at Dholera was commissioned on Monday by Tata Power Renewables, a subsidiary of Tata Power. The company said that 774 million units will be produced every year by this project and there will be a reduction in carbon emissions by 7.04 lakh metric tonnes every year. The plant commissioned by Tata is the largest single-axis solar tracker system in the country.

[tata-digital]

Tata Group's Visionary Semiconductor Venture in Dholera

In a significant stride towards technological progress and industrial expansion, Tata Group, under the guidance of Chairman N Chandrasekaran, has announced ambitious plans to establish a cutting-edge semiconductor fabrication plant in Dholera, Gujarat. This transformative initiative, slated to begin operations in 2024, was officially revealed during the 10th Vibrant Gujarat Global Summit, marking a momentous juncture for both Tata Group and Gujarat's technological landscape.

Tata's Strategic Vision for Semiconductor Manufacturing in Gujarat

The semiconductor manufacturing sector plays a pivotal role in a nation's technological foundation, and Tata Group's entry into this field signifies a revolutionary shift in India's capabilities within the electronics and technology sector. The selection of Dholera as the site for the semiconductor plant reflects Tata Group's commitment to fostering innovation and positioning India as a global technology hub.

Comprehensive Expansion: Beyond Semiconductors

Chairman Chandrasekaran's announcement expands beyond the semiconductor project, shedding light on Tata Group's multifaceted expansion plans in Gujarat. The conglomerate is gearing up for the construction of a 20-gigawatt lithium-ion storage battery factory in Sanand, Gujarat, within the next two months. This strategic move is in response to the growing demand for electric vehicles (EVs) and underscores Tata Group's commitment to sustainable technologies.

Sanand is emerging as a focal point for Tata Group's ventures into the electric vehicle sector, poised to play a pivotal role in meeting the escalating demand for EVs in India. This aligns seamlessly with the global trend towards environmentally conscious modes of transportation.

Strategic Diversification: Defense Initiatives

Tata Group's presence in Gujarat goes beyond semiconductors and electric vehicles. The conglomerate is actively involved in constructing the C295 defense aircraft in Vadodara, with plans to extend its manufacturing operations to Dholera. This diversification into the defense sector underscores Tata Group's commitment to national security and aligns harmoniously with the government's "Make in India" initiative.

Chairman Chandrasekaran also alluded to the upcoming launch of the first phase of the Indian Institute of Skills in Gujarat by March 2024. This collaborative initiative with central and state governments underscores Tata Group's dedication to skill development and education, contributing significantly to the socio-economic development of the region.

Gujarat's Integral Role in Tata Group's Growth Narrative

Chairman N Chandrasekaran highlighted Tata Group's deep-rooted connection with Gujarat, attributing it to the founder's hometown being Navsari. Currently operating 21 companies in the state, Tata Group has become a major contributor to Gujarat's economic landscape, providing employment opportunities for over 50,000 people.

Commending the visionary leadership of Prime Minister Narendra Modi, Chairman Chandrasekaran acknowledged the substantial progress made by Gujarat under his guidance. The Vibrant Gujarat Global Summit, initiated by Prime Minister Modi two decades ago, has played a pivotal role in attracting investments and fostering economic development in the state.

Key Highlights: Tata Semiconductor Manufacturing Company

As part of Tata Group's foray into semiconductor manufacturing, the company is poised to establish the Tata Semiconductor Manufacturing Company in Dholera, Gujarat. This move is set to redefine India's capabilities in semiconductor technology.

Strategic Location: Dholera was chosen strategically for the semiconductor plant, aligning with Tata Group's vision for Gujarat as a hub for technological innovation and business growth.

Operational Commencement: The semiconductor plant is on track to commence operations in 2024, signifying Tata Group's swift contribution to India's semiconductor landscape.

Diversified Expansion: Beyond semiconductors, Tata Group's expansion includes a lithium-ion storage battery factory in Sanand, addressing the increasing demand for electric vehicles and positioning Tata Group as a key player in sustainable technology.

Defense Initiatives: Tata Group's involvement in the construction of the C295 defense aircraft underscores its commitment to national security and defense manufacturing.

Skill Development: The launch of the Indian Institute of Skills reflects Tata Group's dedication to skill development and education, contributing to the overall socio-economic development of the region.

Tata Semiconductor Manufacturing Company: Paving the Way Forward

The establishment of Tata Semiconductor Manufacturing Company in Dholera is indicative of Tata Group's forward-looking approach. As India strives to strengthen its position in the global semiconductor market, Tata Group's entry into this sector is poised to usher in transformative changes in the country's technological landscape.

Market Impact: Tata Group's venture into semiconductor manufacturing is expected to significantly impact the Indian electronics market, reducing dependency on imports and contributing to India's self-reliance in the electronics sector.

Technological Innovation: The semiconductor plant in Dholera is not just a response to domestic demand but also a hub for technological innovation, enabling India to compete globally in cutting-edge technology.

Job Creation and Economic Growth: The establishment of the semiconductor plant will create numerous job opportunities, directly and indirectly, contributing to the economic growth of the region and the nation.

Strategic Partnerships: Tata Group's foray into semiconductor manufacturing may pave the way for strategic partnerships with global technology companies, fostering collaborations that could lead to the transfer of advanced technological know-how and expertise.

Conclusion: Pioneering Tomorrow's Technology

Tata Group's announcement of the semiconductor plant in Dholera is not just a business decision but a strategic move that aligns with the larger goals of India's economic and technological development. This venture, coupled with the broader expansion plans in Gujarat, solidifies Tata Group's position as a catalyst for change and progress in India's industrial landscape. As the semiconductor plant takes shape, it symbolizes not only the technological capabilities of Tata Group but also the aspirations of a nation poised for a technological leap into the future.

[mirrikhinfratech]

Tata Semiconductor Plant in Dholera: Altering the Game for India's Tech Future

The Tata Group has reached a turning point in its technology manufacturing journey with the setting up of a semiconductor plant at Dholera in Gujarat. As electronics, electric vehicles, and 5G networks proliferate with great pace, so does the demand for semiconductors; indeed, this leap will be a challenging competitor for India to maintain high-tech manufacturing. Thus, the Tata Semiconductor Plant has the key to developing self-reliant India, with larger positive ripples on the local economy, technology, and manufacturing sectors.

Meeting the Semiconductor Needs of India

Semiconductors, basically integrated circuits, are the vital components that operate all modern-day electronic gadgets;Tata Semiconductor Plant in Dholera

 starting from smartphones and computers, even cars to various advanced industrial equipment. While India is among the biggest semiconductor consumers in the world, supplies have been heavily reliant on imports. COVID-19 accelerated this global shortage of semiconductors and, in turn, exposed a great risk that faced India with urgent motivation to build domestic manufacturing for this very important industry.

Addressing this challenge is the venture of the Tata semiconductor plant in Dholera: making the chips within the country would get rid of foreign supply chains and hence establish the country's position in the global value chain. It is also in tune with the vision of "Atmanirbhar Bharat"-that is, "self-reliant India"-laid down by the government of India for the promotion of domestic manufacturing and reduction in import dependency in key sectors such as technology and electronics.

Located in Dholera, part of the Dholera Special Investment Region, DSIR is being developed as a futuristic industrial hub, replete with smart infrastructure, world-class logistics, and strong connectivity. Furthermore, it is in close vicinity to the proposed Dholera International Airport, major highways, and an extended port network of the state, which makes the area even more apt for high-tech industries like semiconductor manufacturing.

Apart from this, Dholera Smart City would also be a green and sustainable city with renewable energy sources, adding an additional dimension towards a state-of-the-art facility for technology firms that strive in pursuit of greener and more efficient manufacturing facilities. The investment by Tata at Dholera testifies to the potential of this region, while strengthening the vision of Dholera as a global hub for advanced manufacturing and innovation.

Economic and Technological Impact

The establishment of the Tata Semiconductor Plant is bound to bring a sea change in Gujarat's and India's economic environment. To begin with, the plant will generate employment opportunities at every level-from highly specialized jobs in engineering and research to general administration, logistics, and maintenance jobs. Moreover, the availability of such a high-tech manufacturing facility will stimulate the ancillary industries, starting from raw material suppliers and equipment and component suppliers that will add further impetus to local economies.

Located on the technological platform, the Tata Semiconductor Plant will mark the beginning of new frontiers in research and development associated with semiconductor technology in India. The plant will spur innovation and knowledge transfer to develop the skilled human resource base so badly needed in designing and producing advanced semiconductor chips. Quite essential for the growth of the electronics industry in India, consumer electronics, automotive, and telecommunication amongst other vital sectors.

Strengthening India's Global Standing

On a larger scale, the Tata Semiconductor Plant means that India enjoys more credentials in the global semiconductor supply chain. With countries vying to get shares in semiconductors across the globe, the very concept of homegrown capabilities will add a touch of charm to India as one of the players in fulfilling global demand. It will also see more international venture investments in its tech ecosystem and, in turn, will attract multinational companies to use India for production and supply.

More importantly, India's foray into semiconductor manufacturing is likely to have geopolitical ramifications. It's about time governments wake up to semiconductor supply security, and the ability of India to make chips will give a greater standing on the global stage, coupled with increased bargaining power in international trade negotiations.

A Leap into Tech Sovereignty

The Dholera semiconductor plant by Tata is a giant leap toward this ambitious dream of technological sovereignty. In developing capabilities related to semiconductor manufacturing in-country, India is doing more than just a supply chain-she is laying claim to leadership in the global technology industry. That would be pretty game-changing for India, a country moving from a technology consumer to a producer and exporter of high-value tech products.

Conclusion

The Tata Semiconductor Plant at Dholera is more than just an industrial undertaking; it's a bedrock on which rests India's dream to rise as a global high-tech manufacturing hub. This plant would go a long way in meeting the country's ever-growing demand for semiconductors and reduce reliance on imports, hence making it more competitive in the global technology market. Continuously developing Dholera into a Smart Sustainable Industrial Hub will bring the invested Tata into semiconductor manufacturing on board, thus ushering in the Tech Manufacturing era in India that will further innovations, economic growth, and global influence in years to come.

[techsciresearch]

Networking & Communication Segment to Dominate the India Semiconductor Market through FY2027F – TechSci Research

Roll-out of 5G technology and development of consumer electronics industry is expected to drive the demand for India Semiconductor market in the forecast period.

According to TechSci Research report, “India Semiconductor Market By Components (Microprocessors, Sensors, Analog IC, Memory Devices, Optoelectronics, Discrete Power Devices & Others), By Application (Networking & Communication, Healthcare, Automotive, Consumer Electronics, Industrial, Smart Grid, Gaming & Others), By Type (Intrinsic Semiconductor & Extrinsic Semiconductor), By Process (Wafer Production, Wafer Fabrication, Doping, Masking, Etching & Thermal Oxidation), By Region, Competition Forecast & Opportunities, FY2027”, the India Semiconductor market is expected to witness steady growth in the forecast period, FY2023-FY2027F. To boost the growth of the electronics industry, leading authorities are supporting the set-up of semiconductor wafer fabrication plants which in turn is expected to spur the semiconductor market growth. A semiconductor wafer fabrication plant is a factory where devices such as integrated circuits and discrete electronic devices including transistors and diodes are manufactured. The growth of the electronics industry and the huge demand for data center facilities for storing information generated through various sources is influencing the growth of the semiconductor market in India. The schemes promoting the development of smart cities which use emerging technologies to provide an enhanced experience to consumers by providing insights by constant monitoring and analysis are expected to pave the way for the semiconductor market growth. The growing demand from the automotive industry due to the use of automation technology in automobiles to increase comfort, ease, and provide security to customers is expected to fuel the market growth. Automotive market players are integrating semiconductors in their vehicles to provide the required insights related to vehicle such as navigation control, infotainment systems, and collision detection systems. The growing digital transformation in the country to increase transparency and speed up the process in all important industry verticals is expected to increase the demand for the semiconductor market in the next five years.

The COVID-19 outbreak across the world, which has been declared as a pandemic by the World Health Organization has affected several countries adversely including India. Leading authorities of India imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Manufacturing units were temporarily shut down and the workers moved back to their native places which led to the shortage of workforce at the manufacturing units. The disruption in the supply chain was observed in this period owing to the restrictions imposed on the import and export activities. Thereby, COVID-19 negatively impacted the growth of the semiconductor market in India during this period.

Browse XX Figures spread through XX Pages and an in-depth TOC on “India Semiconductor Market”.

https://www.techsciresearch.com/report/india-semiconductor-market/7801.html

India Semiconductor market is segmented into components, application, type, process, regional distribution, and company. Based on the components, the market can be divided into microprocessors, sensors, analog IC, memory devices, optoelectronics, discrete power devices & others. The memory devices segment is expected to account for a major market share in the forecast period. High demand from end-user industries and the ongoing advancements in technology such as cloud computing and virtual reality is expected to influence the market growth. The high cost of NAND flash chips and DRAM is further expected to fuel the market growth.

Broadcom India Pvt. Ltd., Chiplogic India Pvt. Ltd., Tata Elxsi, Continental Device India Ltd, MosChip Technologies Limited, NXP Semiconductors, Semiconductor Laboratory, eInfoChips, Inc., Saankhya Labs, Semiconductor Solutions, ASM Technologies, ST Microelectronics India, Infineon Technologies India Pvt. Ltd, Masamb Electronics Systems are the leading players operating in India semiconductor market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several semiconductor manufacturers are coming up with their technologically advanced offerings.

Download Sample Report  @ https://www.techsciresearch.com/sample-report.aspx?cid=7801 Customers can also request for 10% free customization on this report.

“The market players are making huge investments for the miniaturization of the semiconductor chips with increased processing speed, and which can process large data in less amount of time. Growing adoption of advanced technologies such as artificial intelligence, the internet of things, machine learning in the next generation of interconnected devices by the market players to enhance the consumer experience and increase the demand for intelligence computing is expected to create lucrative opportunities for the India semiconductor market growth in the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Semiconductor Market By Components (Microprocessors, Sensors, Analog IC, Memory Devices, Optoelectronics, Discrete Power Devices & Others), By Application (Networking & Communication, Healthcare, Automotive, Consumer Electronics, Industrial, Smart Grid, Gaming & Others), By Type (Intrinsic Semiconductor & Extrinsic Semiconductor), By Process (Wafer Production, Wafer Fabrication, Doping, Masking, Etching & Thermal Oxidation), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India Semiconductor market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India semiconductor market.

Browse Related Reports

Global Semiconductor Memory Market By Type (Volatile and Non-Volatile), By Volatile Type (DRAM, SRAM, SDRAM and MRAM), By Non-Volatile Type (PROM, EPROM, EEPROM and Flash Memory), By Application (Consumer Electronics, IT & Telecommunications, Automotive, Medical Devices, Aerospace & Defence and Others), By Region, Competition, Forecast & Opportunities, 2016-2026

https://www.techsciresearch.com/report/semiconductor-memory-market/7328.html

 Global 5G Infrastructure Market, By Communication Infrastructure (Small Cell, Macro Cell, Radio Access Network (RAN) and Distributed Antenna System (DAS)), By Core Network Technology (Software-Defined Networking (SDN), Network Function Virtualization (NFV), Mobile Edge Computing (MEC) and Fog Computing (FC)), By Application (Healthcare, Automotive, and Others), By Company and By Geography, Forecast & Opportunities, 2025

https://www.techsciresearch.com/report/global-5g-infrastructure-market/2987.html

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Business News Live: Maruti Suzuki India to recall over 1.81 lakh cars

Business News Live: Maruti Suzuki India to recall over 1.81 lakh cars

3:02 P.M.

U.S. funding tapped for Pacific undersea cable after China rebuffed

The Federated States of Micronesia will tap a U.S. funding facility to construct a Pacific undersea communications cable, after rejecting a Chinese company-led proposal that was deemed a security threat by U.S. officials, Reuters reported.

2:59 P.M.

Geely’s Volvo Cars warns on sales as supply woes dent output

Sweden-based automaker Volvo Car Group warned on Friday that sales volumes in the second half of 2021 could fall year-on-year after it was forced to cut production due to material shortages, Reuters reported.

The carmaker, owned by China’s Geely Holding, said sales fell 10.6% from a year ago in August, despite strong underlying demand, and cautioned the potential decline in volumes in the second half could impact revenue and profit.

2:54 P.M.

U.S. labor agency investigating two complaints from Apple workers

The U.S. National Labor Relations Board is investigating two cases filed by Apple Inc employees against the company, records on the agency’s website show, amid a wave of employee activism at a company known for its secretive culture.

Ashley Gjovik, a senior engineering program manager at Apple, filed an Aug. 26 charge, which cites harassment from a manager, reduction of responsibilities and increases in unfavorable work, among other complaints, Reuters reported.

2:48 P.M.

U.S. job growth seen slowing in August as Delta variant curbs services demand

U.S. employment growth likely pulled back in August after gaining nearly 2 million jobs in the past two months as soaring COVID-19 cases reduced demand for travel and entertainment, but the pace was probably enough to sustain the economic expansion.

Unemployment rate seen falling to 5.2% from 5.4%, Reuters reported.

2:33 P.M.

Deutsche Bank’s ESG Probe Triggers Review at Asset Managers

European asset managers are reviewing their ESG labeling and marketing claims following news of probes into the investing arm of Deutsche Bank AG, according to people close to the process, Bloomberg reported.

2:23 P.M.

Section of SpiceJet employees go on strike at Delhi airport over salary issues

A section of employees of SpiceJet airline went on strike at the Delhi airport on Friday morning over issues related to reduced salaries, PTI reported.

SpiceJet has been paying reduced salaries to a significant number of employees since 2020 as its finances have been hit due to COVID-19 pandemic-related travel restrictions. Other airlines have also cut the salaries since 2020 for the same reason.

2:15 P.M.

China’s SMIC to invest $8.87 bln for new chip plant in Shanghai

China’s Semiconductor Manufacturing International Corp will invest $8.87 billion to build a chip plant in Shanghai, it said on Friday, expanding capacity amid a global chip shortage as Beijing pushes to boost independence in the sector.

SMIC said it agreed to build a production line with monthly capacity of 100,000 12-inch wafers in the Lingang Free Trade Zone (FTZ) in the Pudong district of China’s business hub, Reuters reported.

2:12 P.M.

Tata Consumer Products rolls out new branding for Tata Soulfull range

Tata Consumer Products on Friday announced the rollout of new branding for the Tata Soulfull range of health and wellness food.

The company said it has integrated the Tata logo into the Soulfull portfolio, subsequent to Tata Consumer Soulfull Pvt Ltd becoming a 100% subsidiary of Tata Consumer Products in February 2021, PTI reported.

2:08 P.M.

Dollar hits one-month lows before payrolls test

The dollar sank to its lowest in almost a month against major rivals on Friday, ahead of a crucial U.S. jobs report that could spur the Federal Reserve to an earlier tapering of stimulus.

The dollar index was little changed at 92.227 after earlier touching 92.151 for the first time since Aug. 5, Reuters reported.

2:03 P.M.

Reliance aims at 100 GW renewable energy by 2030, bring hydrogen cost under $1: Ambani

Reliance Industries aims to generate at least 100 gigawatts of electricity from renewable sources by 2030, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani said on Friday as he outlined a vision to bring down the cost of hydrogen to under $1 per 1 kg in 1 decade.

The focus on generating electricity from renewable sources of energy such as solar and wind will help cut carbon emissions in the world’s third-largest greenhouse gas emitter, PTI reported.

1:56 P.M.

Alibaba, Tencent Look Cheap Even With China Crackdown Risks, NYU Professor Says

Some of China’s bellwether Internet stocks are undervalued even as risks of further downside from Beijing’s regulatory clampdown persist, according to a finance professor at New York University.

Alibaba Group Holding Ltd. is the most undervalued by 12.7% compared to its fair value followed by Tencent Holdings Ltd. at 8%, PTI reported.

1:31 P.M.

Maruti Suzuki India to recall over 1.81 lakh cars

Maruti Suzuki India to proactively recall 181,754 units of some petrol variants of CIAZ, ERTIGA, VITARA BREZZA, S-CROSS AND XL6.

The automaker will inspect for a possible defect in these models manufactured between 4th May 2018 to 27th October,2020, PTI reported.

1:22 P.M.

Bharti’s rights issue credit positive for itself, neutral for Singtel: Moody’s

Bharti’s rights issue is credit positive for the company, said Moody’s Investors Service. It noted that the fresh capital would keep the leverage relatively stable amid 5G investments, ongoing cash payments for spectrum and settlement outgo related to AGR.

For Bharti’s 31.7% shareholder, Singapore Telecommunications (Singtel), the transaction is ‘credit neutral’, it said.

Bharti Airtel board had recently approved raising up to ₹21,000 crore by way of rights issue, at a price of ₹535 per share, PTI reported.

1:15 P.M.

Future Retail seeks an early hearing in the SC on its retail merger deal with Reliance

Future Retail Ltd Friday sought an early hearing in the Supreme Court on its fresh appeal against a recent Delhi High Court order which said it will implement an earlier direction restraining FRL from going ahead with its ₹24,731 crore merger deal with Reliance Retail.

Amazon and Future are having a legal tussle after the US e-commerce giant dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC) in October last year, arguing that FRL had violated their contract by entering into the deal with rival Reliance.

On March 18, a single judge bench of Justice J R Midha had imposed costs of ₹20 lakh on the Future Group and others associated with it and ordered attachment of their properties. The high court had asked the parties to file an affidavit detailing their assets within one month and show cause as to why they not be detained under civil prison, PTI reported.

  Sensex and Nifty continued their record breaking streak, opening at fresh record highs with Sensex crossing 58,000 for the first time. Asian shares held onto their gains while Oil fell ahead of a highly anticipated U.S. monthly jobs report.

There was something to rejoice for the Indian economy as the IHS Markit Services Purchasing Managers’ Index rose to 56.7 in August, expanding at its fastest pace since March 2020 when the pandemic began.

HDFC Life Insurance said it will buy the life insurance unit of battery maker Exide Industries for ₹6,687 crore, and added that Exide Life will merge into HDFC Life after the acquisition. After the IPO of Indian firms attracted significant interest from the investors around the world, E-commerce retailer Snapdeal is also considering an initial public offering that could raise about $400 million, Bloomberg reported.

12:45 P.M.

Japanese shares hit 30-year highs as Suga offers to step down

Japanese shares soared with the broad Topix index hitting a 30-year high, after Prime Minister Yoshihide Suga offered to resign, Reuters reported.

The country’s Nikkei share average rose 2.04% while the broader Topix vaulted 1.61% to reach levels not seen since April 1991. For the week, the Nikkei gained 5.4%, the most since early November when Joe Biden won the U.S. presidential election.

“Japanese shares had badly underperformed in recent months despite very strong earnings recovery and the only reason I could think of was a sense of stagnation due to the government’s poor response to the pandemic,” Takashi Hiroki, chief strategist at Monex Securities told Reuters.

12:25 P.M.

Snapdeal considers $400 million IPO

E-commerce retailer Snapdeal is considering an initial public offering that could raise about $400 million, Bloomberg reported.

The company is speaking with advisers regarding a potential listing in Mumbai next year that could value it at as much as $2.5 billion.

Discussions are still at an early stage, and the firm could decide not to proceed with the plan. Bloomberg said representatives for Snapdeal and SoftBank declined to comment.

12:13 P.M.

Copper edges higher as dollar sinks ahead of U.S. jobs data

Industrial metals were mostly higher today, with copper’s advance putting it on track for a second straight weekly gain, as the dollar sank to its lowest in almost a month ahead of a crucial U.S. jobs data, according to a Reuters report.

Three-month copper on the London Metal Exchange was up 0.6% at $9,433.50 a tonne, while the most-traded October copper contract on the Shanghai Futures Exchange rose 1% to 69,500 yuan ($10,760.35) a tonne, the report noted.

12:02 P.M.

Tata Motors opens 70 new sales outlets in South India

Tata Motors today inaugurated 70 new sales outlets across South India in one go, as part of its retail acceleration strategy. Spread across 53 cities, the new outlets have been strategically mapped to key emerging markets of the Southern region, the company said.

The showrooms will be home to the company’s ‘New Forever’ range of passenger vehicles, including its electric vehicles portfolio.

With the addition of new showrooms, Tata Motors’ network in Southern India (Karnataka, Tamil Nadu, Pondicherry, Telangana, Andhra Pradesh and Kerala) will be 272 and the retail footprint in India will grow to 980, a PTI report noted.

11:50 A.M.

Reddit seeks to hire advisers for U.S. IPO

Reddit Inc, the operator of online message boards, is seeking to hire investment bankers and lawyers for an initial public offering (IPO) in New York, Reuters reported, citing two people familiar with the matter.

Reddit was valued at $10 billion in a private fundraising round last month. By the time the IPO takes place early next year, Reddit hopes it will be valued at more than $15 billion, according to the report.

11:10 A.M.

August service activity grows at fastest pace since pandemic began

India’s services industry in August expanded at its fastest pace since March 2020 when the pandemic began as businesses reopened and vaccination rates improved, Reuters reported citing a survey.

The IHS Markit Services Purchasing Managers’ Index rose to 56.7 in August, above the 50-level that indicates growth. PMI had been below 50 for three months and was 45.4 in July.

“The Indian service sector bounced back in August, led by the reopening of several establishments and improved client confidence due to growing vaccine coverage,” Polyanna De Lima, economics associate director at IHS Markit told Reuters.

“Service providers foresee a brighter outlook, with firms indicating that the economic recovery could be sustained if restrictions continue to be lifted and further waves of contamination can be avoided.”

11:00 A.M.

Indian companies’ foreign borrowing jumps 60% in July

Indian companies raised over $3.43 billion from foreign markets through external commercial borrowings (ECBs) in July this year, a jump of about 60% from a year ago, PTI reported citing RBI data.

Indian companies had borrowed $2.15 billion from overseas markets in July 2020.

Of the total borrowings during July 2021, $3.03 billion came in through the automatic route of the ECB, while $400 million was through the approval route.

10:45 A.M.

Sebi moves Supreme Court against SAT order on PNB Housing Finance

Markets regulator Sebi has approached the Supreme Court against the Securities Appellate Tribunal’s order related to the PNB Housing Finance’s ₹4,000 crore equity capital raise plan, PTI reported.

On August 9, the two-member bench of the Securities Appellate Tribunal (SAT) pronounced a split verdict, saying there was difference of opinion between the members of the bench. PNB Housing Finance is restrained by SAT from disclosing the voting results by the shareholders on the fund raise plan until further orders.

“It has been brought to our notice that SEBI has filed an appeal to the Supreme Court of India against the order of SAT,” PNB Housing Finance said in a regulatory filing.

10:15 A.M.

CEO, CFO of scam-hit Karvy arrested

Karvy Stock Broking Chief Executive Officer Rajiv Ranjan Singh, and Chief Financial Officer G. Krishna Hari of Karvy were arrested basing on a complaint by IndusInd bank for allegedly involving in diverting funds raised from banks by pledging clients’ securities as collaterals, PTI reported.

The police had earlier arrested Chairman C Parthasarathy, on charges of defaulting a loan to the tune of ₹137 crore to IndusInd Bank.

10:00 A.M.

HDFC Life Insurance to buy Exide Life

HDFC Life Insurance will buy the life insurance unit of battery maker Exide Industries for ₹6,687 crore, the company said in a regulatory filing.

As part of the deal, HDFC will issue 8.7 crore shares to Exide Industries at ₹685 per share and the remaining amount as a cash payout of ₹726 crore. Exide Life will merge into HDFC Life after the acquisition. .

“This is a landmark transaction, first of its kind, in the Indian life insurance space,” HDFC Life Chairman Deepak Parekh said in a statement. “It would enhance insurance penetration and further our purpose of providing financial protection to a wider customer base.”

9:30 A.M.

Sensex crosses 58,000 for first time

Indian benchmark equity indices continued their record breaking streak. Sensex and Nifty opened at fresh record high with Sensex hitting the 58,000 mark for the first time.

At 9:16 IST, Sensex was up 0.38% at 58070.12 while Nifty rose 0.36% to 17296.

9:15 A.M.

Oil falls before U.S jobs report

Oil prices fell before after strong overnight gains ahead of a highly anticipated U.S. monthly jobs report, Reuters reported.

U.S. West Texas Intermediate (WTI) crude futures slipped 0.3% to $69.75 a barrel while Brent Crude fell 0.2% to $72.90 a barrel.

The fall was likely due to traders squaring positions ahead of U.S non-farm payrolls report for August as there are concerns that consensus maybe weaker than forecasts, Stephen Innes, managing partner at SPI Asset Management told Rueters.  

9:00 A.M.

Asian shares hold gains

Asian shares held onto their gains while global shares were at record highs, Reuters reported.

MSCI’s broadest index of Asia-Pacific shares outside Japan remained flat in early trading. Japan’s Nikkei rose 0.38%, Australia was up 0.3%, and Korea soared 0.61%.

Chinese blue chips fell 0.27% and Hong Kong was down 0.6%.

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Global Fortified Salts Market Research Report Covers, Future Trends, Past, Present Data and Deep Analysis 2020-2027 By (COVID-19 Impact)

“A SWOT Analysis of Fortified Salts, Professional Survey Report Including Top Most Global Players Analysis with CAGR and Stock Market Up and Down.”

The global “Fortified Salts Market” report offers a specified analysis about the different patterns and parameters affecting the development of the global Fortified Salts market. The report also provides an assessment of the effect of the current patterns in the market including the other essential information about the market’s future development. The report comprises the detailed information relating to the growth factors of Fortified Salts market and also provides a forecast for the market growth and its imperative market contenders Tata Chemicals, Saboo Sodium Chloro, Sambhar Salts, Hindustan Salts, China National Salt Industry, Kutch Brine Chem Industries, Annapurna Salts, Cargill Salt, Shreeram Chemfood, Windsor Salts, Ahir Salt Industries, AkzoNobel, Tamil Nadu Salt Corporation, Super Salts, Nirma Shudh, Ankur Salt, United Salt Corporation, Schweizer Salinen, Bajaj Salt, Compass Minerals based on the gathered and analyzed data.

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Furthermore, The report presents a detailed segmentation Food Grade, Feed Grade, Industrial Grade, Market Trend by Application Hospitality&Service, FoodProcessing, Household&AnimalFeed of the global market based on technology, product type, application, and various processes and systems. The report provides information on global Fortified Salts market that comprises multiple reputed organizations, manufacturers, and merchants. The report additionally provides an in-detail abstract of the key players with considerable shareholdings at a global level regarding demand, sales, and income through providing better products and services, along with after sales practices.

The additional geographical segments are also mentioned in the empirical report.

North America: U.S., Canada, Rest of North America Europe: UK, Germany, France, Italy, Spain, Rest of Europe Asia Pacific: China, Japan, India, Southeast Asia, North Korea, South Korea, Rest of Asia Pacific Latin America: Brazil, Argentina, Rest of Latin America Middle East and Africa: GCC Countries, South Africa, Rest of Middle East & Africa

The global Fortified Salts Market report is a comprehensive investigation of the growth drivers industry, present demand in the market, and restrictions. It incorporates the study of new improvements in innovation, complete profiles of major competitors, and unique model study. It offers a market forecast for the upcoming years. The report additionally covers a survey of major and minor features for the established Fortified Salts market players and emerging industries moreover with pointed value-chain analysis.

Impact Of COVID-19

The most recent report includes extensive coverage of the significant impact of the COVID-19 pandemic on the Heated Jacket division. The coronavirus epidemic is having an enormous impact on the global economic landscape and thus on this special line of business. Therefore, the report offers the reader a clear concept of the current scenario of this line of business and estimates the aftermath of COVID-19.

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The global Fortified Salts market report delivers a detailed information regarding different factors driving or constraining business sector development. The report also guides in understanding the principle product segments and its future in different geographical regions. The report includes varying competitive dynamics analysis. It gives a forecast on the estimation of the way of global Fortified Salts market development. It helps in making precise business decisions by providing an overall vision of the market.

There are 15 Chapters to display the Global Fortified Salts market

Chapter 1, Definition, Specifications and Classification of Fortified Salts, Applications of Fortified Salts, Market Segment by Regions; Chapter 2, Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure; Chapter 3, Technical Data and Manufacturing Plants Analysis of Fortified Salts, Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis; Chapter 4, Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment); Chapter 5 and 6, Regional Market Analysis that includes United States, China, Europe, Japan, Korea & Taiwan, Fortified Salts Segment Market Analysis (by Type); Chapter 7 and 8, The Fortified Salts Segment Market Analysis (by Application) Major Manufacturers Analysis of Fortified Salts ; Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type Food Grade, Feed Grade, Industrial Grade, Market Trend by Application Hospitality&Service, FoodProcessing, Household&AnimalFeed; Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis; Chapter 11, The Consumers Analysis of Global Fortified Salts ; Chapter 12, Fortified Salts Research Findings and Conclusion, Appendix, methodology and data source; Chapter 13, 14 and 15, Fortified Salts sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

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It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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IIoT Platform Market by Platforms (Device Management, Application Enablement, & Connectivity Management), Services, Application (Predictive Maintenance, Process Optimization, & Automation Control), Vertical, and Region - Global Forecast to 2026 published on

https://www.sandlerresearch.org/iiot-platform-market-by-platforms-device-management-application-enablement-connectivity-management-services-application-predictive-maintenance-process-optimization-automation-control-ve.html

IIoT Platform Market by Platforms (Device Management, Application Enablement, & Connectivity Management), Services, Application (Predictive Maintenance, Process Optimization, & Automation Control), Vertical, and Region - Global Forecast to 2026

The growing demand for automation in industries

The IIoT platformmarket size is projected to grow from USD 6.0 billion in 2020 to USD 13.7 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period. The major factors driving the growth of the IIoT platform market include the rising need for centralized monitoring and predictive maintenance of assets, growing demand for automation in industries, proliferation of IoT devices, rise in the number of cost-effective and intelligent connected devices and sensors, increased government initiatives in R&D activities related to IoT, and emergence of IPv6.

Based on offering, the platform segment is expected to lead the IIoT platform market during the forecast period

IIoT platforms connect various devices, sensors, machines, routers, controllers, gateways, and edge computing systems centrally to streamline business processes and increase operational efficiency. The IIoT platform can be consumed as a technology suite or an open, general-purpose application platform, or both in conjunction. IIoT platforms are engineered to support the requirements of safety, security, and mission-criticality associated with industrial assets and their operating environments. In addition, IIoT platforms monitor IoT endpoints and event streams, and support and translate a variety of manufacturer and industry proprietary protocols. IIoT platform also analyzes data at the IoT edge and in the cloud.

Based on platforms, the application enablement platform segment is expected to grow at a higher CAGR during the forecast period

The application enablement platform is designed to ease the management of various applications, including packing, deployment, and a containerized Software-Defined Environment (SDE). The application enablement platform helps in managing distinct application provisioning and ensuring application-level security services. Moreover, application enablement platforms are being deployed to address the needs, such as intelligent product enhancements, dynamic response to market demands, lower costs, optimized resource use, and waste reduction.

Based on services, the support and maintenance segment is expected to lead the IIoT platform market during the forecast period

Support and maintenance services assist the installed software within the entire IIoT infrastructure. These services include 24×7 troubleshooting assistance; upgradation of the existing software; problem-solving, repairing, replacing failure components; field maintenance; proactive services; technical support by the technicians; and test scenario management. As organizations are using several connected devices these days, the support and maintenance service providers help them uncover potential issues earlier and offer solutions to address issues before they can turn into bigger problems. These services are widely adopted by organizations to avoid business threats and safeguard their devices.

Based on application area, the asset management segment is expected to lead the IIoT platform market during the forecast period

With the explosion of low-cost sensors, location-based services with GPS, affordable connectivity, and gateways, more and more assets are being equipped with tracking devices, sensors, and actuators, thus providing a centralized connection to the IIoT platform. IIoT platform-enabled asset management solutions minimize these risks by updating component location as soon as they arrive. Asset management is instrumental in managing physical assets and the performance of the equipment on the manufacturing floor. The protection of physical assets, such as plants, machinery, and fleet, is the backbone of manufacturing operations. The asset management industrial application is crucial, as it provides a unified view of operations to all stakeholders and is instrumental in maintaining the effectiveness of manufacturing enterprises.

Based on vertical, the discrete industry segment is expected to grow at a higher CAGR during the forecast period

The discrete industry is concerned with the manufacturing and production of distinct units, such as automobiles, furniture, toys, smartphones, and airplanes. The discrete industry comprises a variety of verticals, such as automotive, machine manufacturing, semiconductor and electronics, medical devices, and logistics and transportation. IIoT platforms help these industries by offering solutions, such as predictive management, workforce tracking, and logistics and supply chain management, which enable organizations to improve operational efficiency, enhance asset life, and reduce downtime.

APAC is expected to grow at a higher CAGR during the forecast period

APAC is the fastest-growing region in the IIoT platform market; this growth can be attributed to the significant adoption of advanced technologies, the proliferation of IoT-enabled devices, continuously enhancing network connectivity, and government initiatives for IoT. From a spending point of view, China is the top spender on IoT in the region, followed by South Korea and India. By 2022, the spending on IoT in APAC is expected to hit USD 381.8 billion. APAC is a strong adopter of IoT-based devices due to its unique combination of government advocacy, manufacturing roots, and R&D know-how. APAC is taking aggressive initiatives to leverage the IT infrastructure, enabling commercial users to adopt the IIoT platform. The presence of IoT vendors, such as TATA Communications, Wipro, Samsung, and Hitachi, is one of the factors driving the growth of the IIoT platform in APAC. The growth potential in APAC is attracting international IoT vendors to offer their IIoT platform in the region.

By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%

By Designation: C-level – 38%, Directors – 30%, and Others – 32%

By Region: North America – 40%, Europe – 15%, APAC – 35%, MEA – 5%, Latin America– 5%.

Some prominent players profiled in the study include Software AG (Germany), PTC Inc. (US), Hitachi, Ltd. (Japan), IBM Corporation (US), Microsoft Corporation (US), Cisco Systems, Inc. (US), Intel Corporation (US), SAP SE (Germany), Siemens AG (Germany), Accenture PLC (US), Atos SE (France), Amazon Web Services (US), Oracle Corporation (US), Bosch.IO (US), Schneider Electric SE (France), Davra Networks Ltd. (US), Eurotech (Italy), Altizon (US), QiO Technologies (UK), Litmus Automation (US), ROOTCLOUD (China), Flutura (US), Augury (US), FogHorn (US), and Samsara (US).

Research coverage

The market study covers IIoT platform market across different segments. It aims at estimating the market size and the growth potential of this market across different segments, such as offering (platforms and services), application area (asset management, supply chain management, business process optimization, workforce management, automation control, and emergency and incident management), vertical (process industry and discrete industry), and regions. The platforms segment is further segmented into device management platform, application enablement platform, and connectivity management platform. The services segment is further segmented into consulting services, system integration and deployment, and support and maintenance. The process industry segment is further segmented into energy and utilities, chemical and materials, food and beverages, and others (pharmaceutical, mining and metals, and pulp and paper) and discrete industry segment is further segmented into automotive, machine manufacturing, semiconductor and electronics, medical devices, and logistics and transportation. The regional analysis of the IIoT platform market covers North America, Europe, APAC, MEA, and Latin America. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report 

The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall IIoT platform market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.