|
ROJGAR- Rajya’s Opportunities, Jobs Growth Aspirations and Resilience
Recent developments in India’s Semiconductor and Global Capability Center (GCC) sectors highlight significant opportunities for Rajasthan. As India’s semiconductor market is projected to reach US$110bn by 2030, initiatives like Tata Electronics' semiconductor assembly plant in Assam and RRP Electronics' project in Maharashtra demonstrate the country’s growing collaboration with Taiwan. Rajasthan could capitalise on these advancements by leveraging its resources, such as the proposed Rare Earth Element (REE) Excellence Centre, to support the semiconductor supply chain.
Furthermore, with GCCs expanding in cities like Bengaluru and Hyderabad, Rajasthan can attract similar investments by enhancing its infrastructure, as seen with Wipro Hydraulics' new manufacturing facility in Jaipur. The state’s focus on medical tourism through the 'Heal in Rajasthan' policy and addressing bureaucratic hurdles in tourism projects could further boost investment. Aligning with the national push for industrial smart cities, Rajasthan can position itself as a critical player in India’s future industrial landscape.
|
|
|
|
News on Global Capability Centres
|
|
|
|
Global Capability Centres (GCCs) are offshore units established by multinational companies to perform strategic activities, leveraging specialised skills, cost advantages, and operational efficiencies. They act as innovation hubs, fostering collaboration, diverse perspectives, and technological advancements.
|
|
Global Capability Centre Industry to Boost Job Creation in India
Business Standard August 03, 2024
A Genius Consultants survey reveals that 78 percent of respondents expect GCCs in India to create gig and temporary jobs, and 94% believe GCCs will boost GDP and advance AI, cloud, and IoT technologies.
GCC Leasing in Top 6 Cities up 8% in First Six Months of 2024: CBRE
Business Standard, August 05, 2024
In H1 2024, India's top six cities' Global Capability Centres (GCCs) leased 11.8 million square feet of office space, an eight percent increase. Bengaluru led with 40 percent leasing, followed by Hyderabad and Chennai, which employed 1.66 million people.
Amid GCC Boom, Big Four in India are Boosting Hiring of 'Tech Architects'
Business Standard August 06, 2024
The Big Four consultancies are expanding their tech architect teams due to the growth of GCCs in India. Their focus is on cloud computing, ERP systems, and cybersecurity.
IT Companies Set Up Dedicated GCC Strategic Business Units as Demand Booms
Money Control, August 13, 2024
IT businesses are establishing Strategic Business Units for GCCs to meet rising demand and boost India's GDP by 3.5 peecent by 2030.
Global Capability Centres: Transforming India's Job Market
The Economic Times, August 17, 2024
India's GCCs, which are transforming product management, analytics, and AI innovation, have created over 600,000 jobs and a US$60bn industry that will generate US$121bn by 2030.
Global Gaming Major Flutter Bets Big on India Opens GCC in Hyderabad
Business Standard, August 20, 2024
Flutter Entertainment invested US$3.5mn in Hyderabad's GCC, employing 700 people and planning to hire 900 more, assisting international brands and focusing on data engineering.
Karnataka Emerges as India’s GCC Capital, Leading the Talent and Digital Innovation Market
Ecio, August 22, 2024
India's GCCs, particularly Bengaluru and Karnataka, are transforming into innovation hubs. Bengaluru accounts for 39 percent of the market, and Karnataka aims to attract 3,000 multinational corporations by 2030.
SA Technologies Opens GCC in Pune to Boost Product Development and Customer Support for Healthcare Client
Satincorp.com ,August 21, 2024
SA Technologies established the GCC in Pune, India, to enhance healthcare client Tendable's QA automation, application development, and customer service. The centre utilises India's tech talent for global operational excellence.
|
|
|
Semiconductors, known as the "brains" of electronic devices like smartphones, laptops, and cars, control their functions and process information. Expanding semiconductor manufacturing in India holds significant economic potential by creating jobs and boosting supply-chain resilience. It also reduces reliance on foreign suppliers and promotes technological independence. To support this, the Government of India has introduced incentives, including SPECS, PLI, and DLI, under the National Electronics Policy (NPE), aiming to make India a global hub for electronics manufacturing thus Rajasthan should also see this as a sector to work go ahead with
|
|
|
India Assures Taiwan of Policy Stability in The Semiconductor Sector
The New Indian Express, August 04, 2024
From a Taiwanese perspective, there are yawning gaps in New Delhi's policy support. Indian IT Ministry officials met with industry executives and Taiwan's government, promising no sudden changes to import rules and customs duties. Tata Electronics' fab in Gujarat, supported by Taiwan’s PSMC, exemplifies growing collaboration.
Tata’s New ₹27,000 Crore Semiconductor Assembly and Test Facility in Assam to Generate 27,000 Jobs
The Hindu, August 05, 2024
Tata Group held a groundbreaking ceremony for their ₹27,000 crore semiconductor assembly and test facility in Jagiroad, Assam. In February, Tata announced government approval for this state-of-the-art greenfield project, which is expected to create over 27,000 jobs. The facility is set to become operational by mid-2025.
The Government is Launching a Project to Train Tribal Students in Semiconductor Technology
Business Insider, August 08, 2024
The Indian Institute of Science (IISc) in Bengaluru is spearheading a project to train 2,100 tribal students in semiconductor technology over three years. The Ministry of Electronics and IT plans to offer basic training to 1,500 students and advanced training to 600, boosting educational and career prospects for tribal communities. Additionally, nano centres provide short-term courses through the Indian Nanoelectronics Users' Programme (INUP) beyond degree programmes.
Maharashtra Approves RRP Electronics’ Mega Semi-Conductor Project
The Hindu, August 10, 2024
RRP Electronics Ltd. announced that the Maharashtra government has approved its ₹24,000 crore semiconductor project in two phases. The company will establish Maharashtra’s first semiconductor plant, beginning with an OSAT facility in Mahape by September 2024, followed by additional production lines at Taloja within two years.
Government Allocated US$10bn for Semiconductor, Display Manufacturing
The Print, August 10, 2024
The Indian government has allocated US$10bn under the Semicon India Programme to boost semiconductor and display manufacturing. India’s semiconductor market is projected to reach US$110bn by 2030. The programme offers 50 percent incentives for fabrication facilities and aims to develop 85,000 semiconductor engineers.
Ashwini Vaishnaw Meets Ecolab Officials to Ensure Ultra-Pure Water for Semiconductor Manufacturers
News Nine, August 24, 2024
Union Minister Ashwini Vaishnaw met the Ecolab team to discuss the semiconductor industry's needs. The minister discussed ensuring ultra-pure water for all major industries in the sector.
|
|
|
String Theory of Bangladesh Crisis! Textile Stocks Rally Up to 20%
The Economic Times, August 06, 2024
Amid political turmoil in Bangladesh that could potentially drive textile companies to outsource to countries like India, textile stocks surged. Gokaldas Exports, Century Enka, and SP Apparels saw up to 18 percent gains. Gokaldas Exports hit a 52-week high of Rs 1,089.40 on the NSE, driven by expectations of increased textile exports from India.
Developing Our Skiller Instinct
The Economic Times, August 09, 2024
The government's latest budget announced a ₹63,000 crore internship scheme to expose 10 million youth to business environments. Upgrading 1,000 ITIs and enhancing skilling initiatives were also part of the plan. The government emphasised collaboration with industry, allocating ₹1.48 lakh crore to education, employment, and skilling programmes to boost job growth and productivity.
Madhya Pradesh Global Investors Summit: Bengaluru Session Draws Over 500 Industry Leaders
Business Today, August 10, 2024
The Government of Madhya Pradesh hosted the third "Interactive Session on Investment Opportunities in Madhya Pradesh" in Bengaluru. Over 500 prominent industrialists and representatives from more than 10 industry associations turned out. The session focused on sectors, such as IT, ITeS & ESDM, Space Tech, and Pharmaceuticals, attracting significant attention from both national and international investors.
Handicraft Exporters to Receive Freight Subsidies in Rajasthan
The Times of India, August 10, 2024
The industries department plans to boost exports from Rajasthan and offer the battered handicraft sector container subsidies that other states provide. As freight costs shot up after the COVID-19 pandemic, states like Uttar Pradesh provided container subsidies to their exporters to cushion the impact on their exports.
Andhra Pradesh Offers Three Sites for BPCL Project
The Economic Times, August 12, 2024
Bharat Petroleum Corporation Limited is considering building an integrated refinery-cum-petrochemicals complex with a 9-12 million tonnes per annum (mtpa) capacity in Andhra Pradesh. Based on the refinery's configurations, a 9 mtpa capacity would require about 800-1,000 acres of land.
Rajasthan is Poised to Establish a Cutting-edge REE
The Times of India, August 14, 2024
Rajasthan is poised to establish a cutting-edge Rare Earth Element (REE) Excellence Centre to harness the state's most precious mineral resources. Anandhi, the mining secretary, announced the plan for this facility, which will support the exploration, mining, and processing of REE. Although the exact location of the centre is yet to be determined, it will most likely be in Udaipur.
Create Land Banks, Ensure Good Governance to Woo Investors
Business Standards, August 15, 2024
The PM highlighted the success of the production-linked incentive (PLI) scheme, India's becoming the hub of mobile phone manufacturing, and international companies queuing up to invest in India. It was up to the state governments to compete and attract foreign investments by shaping clear policies, ensuring good governance and the rule of law, and even creating land banks.
Global Trade Needs a China Alternative; India Needs Better Ports
The New York Times. August 20, 2024
Efforts to build new ports and expand existing docks could determine whether India emerges as a legitimate option for global factory production. The Vadhvan port project, approved by India’s cabinet, aims to construct a US$9bn deep-water facility capable of handling 20 million containers annually by 2035. It will accommodate the world's largest ships, significantly increasing capacity compared to existing Indian ports, including Navi Mumbai.
Debt-ridden Andhra Pradesh Woos Investors
The Economic Times, August 20, 2024
Leading global companies like Foxconn, Suzlon, and Brookfield Corporation have announced investments in Andhra Pradesh. Foxconn will likely set up a mega manufacturing city, Suzlon plans to enlarge its wind turbine plant, and the Oberoi group will establish five hotels. The Naidu government is looking at private investments to re-energise the state economy and deliver its poll promise of providing 20 lakh jobs over the next five years.
Wipro Hydraulics Opens a Rs 250 crore Manufacturing Facility in Jaipur
The Print, August 22, 2024
Wipro Hydraulics inaugurated its sixth manufacturing facility in Jaipur, Rajasthan, which was built with an investment of about Rs 250 crore. The investment is projected to generate about 400 jobs. Wipro Hydraulics designs and manufactures custom-built hydraulic cylinders for diverse segments like construction and earthmoving, material and cargo handling, forestry, farm and agriculture, mining, and truck tipping solutions.
Padharo for 'Wellness': Govt to Unveil 'Heal in Rajasthan' Policy
The Times of India, August 25, 2024
Rajasthan's Health Department has established a Medical Value Travel (MVT) committee to promote medical tourism, comprising representatives from various government departments. To give the 'Heal in Rajasthan' policy a final shape, the Health Department has engaged with private hospitals, the tourism department, and other stakeholders to gather inputs. The focus is to attract foreign tourists seeking medical treatment and medicine-based cures to Rajasthan.
Cabinet Approves 12 Industrial Nodes/Cities Under the National Industrial Corridor Development Programme
Press Information Bureau, August 28, 2024
India will soon wear a grand necklace of Industrial Smart Cities on the backbone of the Golden Quadrilateral as the government greenlights 12 projects worth Rs. 28,602 crores to revolutionise India's industrial landscape. World-class greenfield industrial smart cities will be built ahead of demand with 'plug-n-play' and 'walk-to-work' concepts to cement India's role in Global Value Chains with ready-to-allot land for investors.
|
|
CUTS International
Jaipur • New Delhi • Chittorgarh • Kolkata • Hanoi • Nairobi • Lusaka • Accra • Geneva • Washington DC
Copyright © 2024 CUTS International, All rights reserved.
|
|
|
|
|
|
|
|
