With Apple’s recent decision to produce iPhones in India, and with its rumoured plans in Vietnam seeing no news/mention at all, Vietnam may have to reconsider its business environment and incentives for investors in electronics manufacturing if it wants to compete with India. Apple’s strategic move is considered a big success of the government’s “Make in India” policy. Specifically, Apple is going to start assembling iPhones in India by the end of April. The company is going to cooperate with Wistron from Taiwan, instead of Foxconn. At the moment, Wistron already has a plant in Bangalore, the “capitol” of technology in the Karnataka state of India. Apple chose India in spite of new president Donald Trump’s threat against companies that bring jobs outside of the US. Last year, 2.5 million iPhones were sold in India, the highest ever in this country. The Indian market is expected to buy 750 million smartphones in 2020, and is one of the … [Read more...] about Vietnam should reconsider FDI attraction policy after ‘Made in India’ success?
About make in india
MUMBAI -- A week-long "Make in India" fair closed on Thursday with $222 billion in investment pledges, but thin attendance by foreign firms at the event launched by Prime Minister Narendra Modi means many are unlikely to actually happen. The Mumbai jamboree was the biggest in India, but earlier events such as the "Vibrant Gujarat" launched by Modi when he led the state have only seen 13 percent of deals implemented, according to independent research. Amitabh Kant, Secretary of India's Department of Industrial Policy and Promotion (DIPP), told reporters investment commitments had reached 15.2 trillion rupees ($222 billion). The commitments fell some way short of the 25 trillion rupees announced at the three-day Vibrant Gujarat event a year ago. Kant said he expected 80-85 percent of the pledges to convert into serious business, much of it from foreign investors. It can take 18 months to three years for a memorandum of understanding to yield a final investment, he added. … [Read more...] about Modi’s ‘Make In India’ racks up $222 bln in investment pledges
The Indian health authorities has announced that a swine flu outbreak has killed about 1,500 people since December, 2014. A new study, conducted by two researchers from the Massachusetts Institute of Technology (MIT) and reported in the Science Daily, suggests that the strain has acquired mutations that make it more dangerous than previous strains of H1N1 influenza. These results are supported by figures released by the Union Health Ministry, revealing as many as about 1,500 people have perished with the numbers of infected at around 27,000. The deadly virus has also already infected more than 25,000 people across the South Asian nation. Symptoms include high fever, extreme breathlessness, lethargy, pain in the chest, loss of appetite and nausea or vomiting. Three pharma companies in India, Hetero, Natco and Strides Acrolab, are manufacturing oseltamivir, the drug used to treat swine flu. All health personnel treating people infected with swine flu are vaccinated against it … [Read more...] about Swine flu outbreak kills about 1,500 in India
Editor's note: There are rising rape cases in India including the gang-rape of a 23-year-old student whose death has triggered protests across the nation and more recently the rape of a Swiss woman. Kiran Johl, a Master's student in Social Work at California State University, Sacramento, told Tuoi Tre News via email that Indian men rape not for pleasure but for power. I am not a cultural or political expert by any means, but as an Indian woman and a future social worker, I have plenty to say about rape in any country. It is not surprising that women are raped frequently in India or that we hear little about it in the U.S. I think this represents two different phenomena: Sexual crimes and violence against women occur everywhere, and it has to do with gender inequality, and specifically about beliefs surrounding masculinity and femininity. Men (Indian or otherwise) are more often than not socialized to maintain control over themselves and their surroundings. Consider, then, the … [Read more...] about Rape in India has little to do with sex
Global auto makers which have rushed to set up factories in India to feed local demand admit they have been tripped up in the last 12 months by the country's unpredictable policy-making. After a stellar 2010-2011, when car sales grew 31 percent year-on-year, the industry has faced a staggering slowdown and radically different buying patterns - bad news for giant complex companies that plan years in advance. "To say we've been wrong-footed would be an understatement," the head of General Motor's India operations Karl Slym told AFP on the sidelines of the country's Auto Expo car show last week. Shinzo Nakanishi, chief executive of Maruti Suzuki, the Japanese-owned market leader in India, admitted that "many changes have surprised us during the last year". The first factor was the Indian central bank's decision to persist doggedly with an aggressive cycle of interest rate hikes to tame inflation. It raised the cost of borrowing on seven occasions in 2011. Many customers who … [Read more...] about Automakers stumble in India’s policy fog