Market trends in South Asian countries: India India constitutes around 4% of the $840 billion textile and apparel market worldwide. India is the fifth largest exporter in the textile market. (Top 4 – China, Germany, Bangladesh, Vietnam) With the successful implementation of the Technical Upgradation Fund Scheme (TUFS), India has developed backward links in the cotton and …
Textile Sector : Changes in South Asia – UPSC GS3 Read More »
Why companies are expected to exit China In the aftermath of the pandemic manufacturing companies are expected to exit China due to three primary reasons. 1) Realisation that relying heavily on China for building capacities and sourcing manufacturing goods is not an ideal business strategy due to supply chain disruptions in the country caused by …
Significance of Steel Industry Steel is front and centre in India’s recovery. The industry rests on mutual support – investment is made by entrepreneurs, the government offers supportive policies. Government will lend weight to India’s competitive and comparative advantages, especially in manufacturing, in a post covid-19 economic order. Indian steel’s guiding light is a steel …
Context: India has turned net exporter of Mobile Phones. Similar approach should be adopted in other sectors. How mobile and AC sector helped China in transforming its economy? India and China had similar per capita GDP in 1983 but now Chinese per capita GDP will be five times that of India’s in 2022. China exports …
Context: Taiwanese firms like Foxconn, Wistron ,Pegatron and Quanta Computer are leaders in global electronic manufacturing having strong presence in China. They have started to shift their base to India as China is facing labour shortages and to cut their overreliance on China. However, they are facing some challenges in adapting themselves to the Indian business …
Make in India : Challenges faced by big manufacturers – UPSC GS3 Read More »
Context: US Federal Reserve chair announced that Americans should be prepared for the global supply chain to remain in crisis through 2022. Covid-induced supply chain disruption highlighted the loopholes of total dependence on one country for vital products, and diversification will take a few years to implement. Lean manufacturing processes and just-in-time delivery mean a …
Need to break China’s dominance in manufacturing – UPSC GS3 Read More »
Context: The right to repair movement is gaining traction in developed countries, including the US and U.K. US via an executive order, has lifted restrictions imposed by manufacturers that limit consumers’ ability to repair their gadgets on their own terms. The UK, too, introduced right-to-repair rules that should make it much easier to buy and …
Features of PLI Schemes: Goal: To boost manufacturing in chosen sectors, both for domestic and export markets. Features: Under the Scheme, companies will get incentives on incremental sales from products manufactured in domestic units. Implementation: The scheme is implemented by the concerned ministries/departments. Chosen Sectors: Mobile handsets, automobiles and auto components, advanced electrical batteries, pharmaceutical products, personal computers …
Recent promising developments in India’s manufacturing sector: Success in manufacturing PPE kits at a large scale. Initially, after the pandemic, the world was dependent on china to secure supplies of PPE kits. But, India’s ability to produce on a mass scale at a much cheaper price provided an alternative to the other countries. A similar case …
Context: The good practices behind the success of Indian Cricket can be used in the Indian manufacturing sector. It will make Manufacturing in India more competitive It is a result of high-quality governance instituted by the BCCI over the years, to make India’s cricket team a global champion. Similar practices can be adopted by policymakers …
Replicating Indian Cricket Team model in Manufacturing – UPSC GS3 Read More »