SEPTEMBER, 20249INDIA SEEKS FUNDING FROM KOREA & JAPAN TO BOOST SHIPPING SUPPLY CHAINASUS TO MANUFACTURE ELECTRONICS IN INDIA UNDER PLI SCHEMEIndia is looking for investments and technology transfers from South Korea and Japan in order to create shipbuilding and ship repair clusters to enhance the domestic shipping supply chain in the country. At present, India's share in the worldwide shipbuilding industry is less than 1Percent, with China, South Korea, and Japan being the major players."We are looking at South Korea and Japan for investments and technology transfer for establishing shipbuilding and ship repair clusters in India," TK Ramachandran, Secretary in Ministry of Ports, Shipping and Waterways (MoPSW), added.Ramachandran visited Goa for the 20th Maritime State Development Council (MSDC), where they talked about a large shipbuilding park that would cover several states."We have communicated to them (South Korea and Japan) that you come with your technology and investments, we will provide you land for setting up shipbuilding and ship repair clusters," he said.The Indian delegation has met with officials and organizations in South Korea to gauge their interest in investing in India for the establishment of shipbuilding and repair facilities at its planned mega shipbuilding parks, as stated by the secretary. A comparable activity is suggested for Japan to assess their desire for engaging in shipbuilding projects in India.Ramachandran further mentioned that Sarbananda Sonowal, the Union Minister of Ports, Shipping, and Waterways, has sent letters to all state chief ministers requesting immediate land allocation in case Japanese or Korean companies show interest in establishing shipbuilding and ship repair clusters in their respective states. Electronics contract manufacturer Dixon Technologies will be producing notebooks for Taiwanese company Asus under the Production-linked Incentive 2.0 scheme, as per the company's statement in an exchange filing.Asus is the fourth global company, after HP, Lenovo, and Acer, to join forces with Dixon in manufacturing laptops locally. However, the agreement is subject to signing definitive agreements."We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. Asus has established a strong and trusted foothold worldwide, thanks to its advanced technology, and we see them as our ideal long-term strategic partner who shares our core values," said Vice Chairman and Managing Director Atul Lall in a statement on Friday.Dixon will conduct production through its subsidiary Padget Electronics at an upcoming facility in Chennai, which will have a capacity of producing 2 million laptops a year.ASUS is a Taiwanese multinational computer, phone hardware and electronics manufacturer headquartered in Beitou District, Taipei, Taiwan. Its products include desktop computers, laptops, netbooks, mobile phones, networking equipment, monitors, Wi-Fi routers, projectors, motherboards, graphics cards, optical storage, multimedia products, peripherals, wearables, servers, workstations and tablet PCs. TOP STORIESSEPTEMBER, 20249
< Page 8 | Page 10 >