Manufacturing Current Affairs - 2019

Category Wise PDF Compilations available at This Link

India’s first Electronic Manufacturing Cluster to be set up in Andhra Pradesh

India’s first Electronic Manufacturing Cluster (EMC) will be coming to Andhra Pradesh. EMC has been designed and developed for providing facilities and amenities for manufacturing mobiles and allied products.

The Union Government, through Ministry of Electronics and Information Technology (MeiTY) in 2012 had announced about setting up EMC in India, with grant-in-aid for establishing such clusters.

Key Facts

In 2015, Andhra Pradesh Government had announced first exclusive mobile and electronic manufacturing cluster in the new capital city Amaravati. State Government had allotted 113.27 acres of land for new cluster, through Andhra Pradesh Industrial Infrastructure Corporation (APIIC).

For this purpose, a Special Purpose Vehicle (SPV) called Sri Venkateswara Mobiles and Electronics Manufacturing Hub Private Limited was formed. The foundation stone was laid by Prime Minister Narendra Modi in 2015. The SPV Company has applied for final approval of project to Union Government. Three major Indian mobile manufacturers – Celkon, Karbonn and Lava have come forward to establish their units in EMC.

Besides, an anchor unit has been formed in name of Seven Hills Digital Park Private Limited (SHDPPL) for three companies. It will be involved in manufacturing of accessories to mobile phones and other related electronic equipment. The EMC will generate around 50,000 jobs every year.

Month: Categories: Business, Economy & Banking

Tags:

Home Ministry eases Arms Rules to woo investments

The Union Home Ministry has liberalised Arms Rules to encourage investments in manufacture of arms, ammunition and weapons systems.

The rules were liberalised with aim of making India a regional leader in supplying small arms to neighbouring countries as well as become an export hub.

Key Facts

Under the new rules, licence granted for manufacturing will be valid for life-time of licensee company. It does away with requirement of renewal every five years. Now, manufactures will now be able to continue manufacturing on their old licence.

Similarly, condition that small arms and light weapons produced by manufacturer should be sold to Central government or State governments with prior approval of Home Ministry also has been dispensed with. Now, enhancement of capacity up to 15% will also not require any approval of government. Moreover, the licence fee also has been reduced and rules in connection have also been liberalised.

Significance

The liberalised rules will apply to licences granted by Home Ministry for small arms and ammunition and those granted by Department of Industrial Policy and Promotion (DIPP) for other defence equipment. The liberalised rules will give boost to Centre’s ‘Make in India’ manufacturing policy and promote employment generation in this field. It will facilitate availability of world-class weapons to meet requirements of armed forces and police forces in sync with country’s defence indigenisation programme.

Month: Categories: National

Tags: