Category — Sourcing
Dearborn, Michigan-based Ford Motor Co. said it will invest $195 million and create 3,000 jobs over the next five years for a new global technology and business center in Chennai, India. The site will feature 2.5 million square feet of floor space which will house engineers, IT, finance, accounting, data analytics and manufacturing engineering personnel. Ford said it will include a wide range of labs and testing facilities for complete vehicle and component testing.
The company has plans to consolidate its 9,000 existing employees across six India operations at the six-building, 28-acre campus. When complete in early 2019, the Chennai campus, with some 12,000 employees, will become Ford’s second-largest employment center after its campus in Dearborn which is undergoing a 10-year renovation, reports the Detroit News.
“India is not only a vibrant market for cars and new mobility ideas, it also is rich with talent, technical expertise and ingenuity,” Bill Ford Jr., Executive Chairman at Ford, who was in India for the announcement, said. “This new center will help us attract the best and brightest, and make Chennai a true hub of innovation for Ford around the world.”
Ford makes small cars and engines in India, and exports them to other global countries.
December 23, 2016 No Comments
With the prospect of U.S. Government duties being levied on Canadian lumber, Mike de Jong, British Columbia‘s minister of finance, is looking to sell softwood lumber to customers in India and China, reports Canada Business.
De Jong said, “We are amplifying our efforts to do something we did around (the last) softwood negotiations and that is diversify our markets. We have redoubled our efforts in India and are beginning to see results. We are in China now to further encourage efforts at reducing our dependence on a U.S. market that may become somewhat unpredictable.”
December 18, 2016 No Comments
From January to September 2016, export of legwear from India to the European Union has increased despite slow market conditions there. During this period, exports registered a year-on-year surge of 27 percent in value and 32 percent in volume.
For the same period, legwear exports to the U.S. also registered a year-on-year increase by 1.5 percent to $12 million despite U.S.’ cumulative import of the category registering (-) 9.70 percent decline, reports Apparel Resources.
December 17, 2016 No Comments
German logistics company DHL will invest 70 million euros as part of its plans to expand its reach across the Asia Pacific region, reports Apparel Resources.
Commenting on this move, Charles Brewer, CEO of the company stated, ‘The U.S. and Asia Pacific are the two largest markets for online commerce and the opening of these new facilities is a further step in the development of DHL’s online logistics network; India is truly an important market for us and one of the fastest growing.” The company aims to capitalize on the increasing consumption by the middle class as well as increased mobile and internet penetration and the development of logistics and infrastructure in India.
Malcolm Monteiro, CEO, Asia Pacific, DHL eCommerce added, “Identifying the tremendous potential in Asia Pacific, we are making aggressive steps to ensure that our customers are well supported to tap into the growing e-commerce market.”
December 16, 2016 No Comments
At a recently held conference in New Delhi on handlooms — the mechanical usage of weaving looms by India’s weavers — India’s Ministry of Textiles emphasized on the need to introduce intellectual property protection for this sector.
“Each weaver creates unique designs and their craftsmanship needs to be protected and acknowledged. It is important to ensure a framework where intellectual protection rights can be introduced and ensured for handloom weavers”, said Minister for Textiles Smriti Irani. She added that handloom fabrics are the country’s legacy and their potential needs to be positioned and acknowledged not only within India, but also globally reports Apparel Resources.
December 16, 2016 No Comments