Tag: India Manufacturing
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Aerostar Manufacturing Supplies Engineered Components to the EV Industry
Aerostar Manufacturing is growing as a supplier to the OEMs and Tier 1s in the Electric Vehicle (EV) industry. With a long history of providing high-quality, precision components to our Tier 1 and OEM customers, it is obvious that Aerostar is a natural go-to partner for its customers in the EV segments. “Our portfolio of…
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Aerostar Supports Major OEM with 20K/week International shipments
When considering manufacturing overseas, many companies immediately look to the cost of freight. Freightos.com recently reported a reduction in freight costs to US Ports by an average of 77% in comparison to 2022 costs. With the Global Freight Index continuing to fall, costs of freight from neighboring countries increasing via the near-shoring methods many have employed,…
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India Hosts the Largest Auto Component Show in New Delhi
In January, New Delhi was home to the largest auto component show in its history attended by over 800 exhibitors and attended by over 122,0000 delegates from over 65 countries. India has one of the most comprehensive value chain for automotive component manufacturers in engines, transmissions, chassis and other body parts. The automotive industry contributes…
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India ‘on cusp of change’ as global manufacturers look beyond China
According to SCMP: US-China rivalry is providing a tailwind, and India will be a big beneficiary as companies move toward a ‘China-plus-one’ strategy, supply chain analysts say Narendra Modi’s ‘Make in India’ campaign kicked off in 2014, seeking to emulate China and the tigers of East Asia – like Singapore and South Korea India’s economic…
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Can India become the next high-tech hub?
According to NPR: China’s dominance in global manufacturing has been well established for more than a decade, but India wants to challenge that status. Companies like Apple and Samsung are increasing their Indian suppliers amid geopolitical tension between the U.S. and China. What would it take for India to become the factory of the world?…
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Change in mindset essential to make India a global manufacturing leader
According to The Economic Times: The government has taken major initiatives over the last two years to reduce imports dependency and make India a global manufacturing hub. While the initiatives are steps in the right direction, a change in the mindset is essential to achieve this target, according to market veteran “It’s a mindset issue,”…
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India Has Unique Opportunity To Become Global Manufacturing Hub This Decade: Economic Survey
Some have reported that India could become a global hub of manufacturing this decade. According to NDTV: India has a unique opportunity to become a global manufacturing hub this decade as foreign companies are adapting their manufacturing and supply chain strategies to build resilience, the Economic Survey said on Tuesday. The risk of supply chain…
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How is India emerging in the global manufacturing sector
India is becoming a new power in global manufacturing. According to Times of India: India has the capacity to export goods worth $1 trillion by 2030 and is on the road to becoming a major global manufacturing hub. With 17% of the nation’s GDP and over 27.3 million workers, the manufacturing sector plays a significant…
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India’s Opportunity to Become a Global Manufacturing Hub
India has the potential to be a global manufacturing hub. According to World Economic Forum: Beyond the unprecedented health impact, the COVID‑19 pandemic has been catastrophic for the global economy and businesses and is disrupting manufacturing and Global Value Chains (GVCs), disturbing different stages of the production in different locations around the world. Furthermore, the…
