PepsiCo to Invest $400 Million More in Two New Plants in Vietnam PepsiCo, the global beverage and food giant, has announced its plans to further strengthen its presence in Vietnam by investing an additional $400 million in establishing two new plants. This strategic move underscores PepsiCo’s commitment to expanding its operations in the Southeast Asian…
Government Initiatives to Boost Local EV Manufacturing The Indian government’s recent focus on bolstering the Electric Vehicle (EV) sector has garnered significant attention, particularly with initiatives aimed at augmenting local EV manufacturing. This strategic move holds profound implications, not only for the automotive industry but also for the economy and environmental sustainability. Why this News…
Apple’s Ambitious Plans: Boosting Production in India Fivefold to $40 Billion Over the Next 4-5 Years Apple Inc., the tech giant known for its iconic iPhones and cutting-edge technology, has set its sights on a significant expansion in India. In a strategic move, the company is planning to increase its production in India fivefold, aiming…
Telangana Grabs India’s First Gorilla Glass Factory In a significant development that showcases Telangana’s growing prominence in the manufacturing sector, the state has successfully attracted India’s first Gorilla Glass factory. This milestone has far-reaching implications for the state’s industrial landscape and the broader economy. In this article, we will delve into why this news is…
India’s IIP Growth Falls to 5-Month Low of 1.1% in March on Poor Manufacturing Performance India’s industrial output growth fell to a five-month low of 1.1% in March, mainly due to poor performance in the manufacturing sector, according to data released by the government on Friday. The factory output, as measured by the Index of…
India’s Manufacturing PMI Slips to 4-month low of 55.3 in February The manufacturing sector is a significant contributor to India’s economy, and the performance of the sector has a significant impact on India’s overall economic growth. According to the data released by IHS Markit, India’s Manufacturing Purchasing Managers’ Index (PMI) fell to a four-month low…
