Ashton Carter express Readiness to Share Technology for India’s Aircraft Carriers

During his recent visit to India, U.S. Defense Secretary Ashton Carter spoke to reporters about the Electromagnetic Aircraft Launch System  that will replace the steam catapults used on older U.S. carriers for launching and landing systems.

“We are working with the Indian Navy on technology for their next generation of aircraft carrier,” he said on the first day of his two-day visit to India to strengthen defense ties with New Delhi.

U.S. Defense Secy. Ashton "Ash" Carter

U.S. Defense Secy. Ashton “Ash” Carter

“India would like to migrate on flat deck design” in construction of its next carrier, Carter said, and the systems being installed on the USS Gerald R. Ford have “some advantages in terms of weight of the aircraft and others.” He said “we are more than willing to share it with India,” reports Defense Tech.

“The U.S. approach to this region is not to confront,” Carter said. “We have to do what we have been doing for 70 years, that is to keep the stability and peace that has allowed economic and social miracle in modern India and China.”

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April 15, 2016   No Comments

Delphi Expands its Chennai Technical Center in India

Autocar Professional interviewed Chris Reider, vice-president, Global Engineering Packard Electrical/Electronic Architecture, Delphi, on the company’s operations, growth dynamics and the business opportunity that is India.

Here are some excerpts…

On benefits for Delphi in expanding the Chennai Technical Center

Reider: The Chennai facility has become one of our key hubs for global product development and manufacturing to support our connection systems business worldwide. This is a technical center we rely on globally and, importantly, it is setting us up for future growth with local Original Equipment Manufacturers. With this capability, we can localize our development as well as manufacturing of products.

On the growth opportunity in India for Delphi’s connection systems business

Reider: We see opportunity in all our electrical architecture business. We have a broad portfolio of products, particularly in connection systems, housing and terminals. We also anticipate (new business in) high-speed cable assemblies, communication and infotainment systems which will be localizing here in India.

On how much India contributes to Delphi’s global operations

Reider: India is a long-term strategic market for us in engineering. It is a unique place where we have an opportunity to grow revenues with the local market but also leverage the capabilities that we have in India in terms of universities aligning with our business.
We are continuing to invest in our people, infrastructure, manufacturing processes and particularly in our core competencies in India. We are leveraging Indian capabilities and it will pay dividends for us in terms of our global growth.

On how India compared to other Asian markets

Reider: India is a little behind countries like China, which is moving faster in its evolution in terms of high-end premium vehicles. I am optimistic about the growth of the Indian market. There will be a number of external factors which influence the rate of growth in India. Government regulations and infrastructure in the economy will decide how fast the automotive market will grow. I am excited about the future in India – it will bring tremendous challenges but great opportunities too.

 

 

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April 13, 2016   No Comments

India is Top Six Manufacturer says UNIDO

Headquartered in Vienna, Austria, the United Nations Industrial Development Organization (UNIDO) has  just released its 2015 Yearbook. A report on global manufacturing output mentions China at the top of the list of the top 10 industrial producers followed by the U.S., Japan, Germany, and Korea. India at the sixth place saw its rank improve three places from the previous assessment reports Business Standard.

The global growth rate of manufacturing production has slowed to 2.8 percent in 2015. This slowdown could be due to reduced manufacturing growth rates recorded by major developing and emerging economies.

In India, Manufacturing Value Added has grown by 7.6 percent in 2015 compared to 2014.

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April 5, 2016   No Comments

World Bank Projects India Will Be the Fastest-Growing Economy until 2018

The Wall Street Journal reports on the new forecasts from the World Bank which says that India is “well positioned to withstand near-term headwinds and volatility in global financial markets” compared with other major emerging economies and predicts it will grow at 7.9% by 2018.

That would make it the fastest-growing developing-country economy by some margin, ahead of the next quickest, Bangladesh, at 6.8% and China at 6.5%, according to the latest  Global Economic Perspectives report published by the bank.

Table below from World Bank Group 2016. Global Economic Prospects, January 2016: Spillovers amid Weak Growth. Washington D.C.

Country

2013

2014

2015 estimate 2016 forecast 2017 forecast 2018 forecast
World

2.4

0.6

2.4

2.9

3.1

3.1

U.S.

1.5

2.4

2.5

2.7

2.4

2.2

Euro Area

-0.2

0.9

1.5

1.7

1.7

1.6

Japan

1.6

-0.1

0.8

1.3

0.9

1.3

United Kingdom

2.2

2.9

2.4

2.4

2.2

2.1

Russia

1.3

0.6

-3.8

-0.7

1.3

1.5

China

7.7

7.3

6.9

6.7

6.5

6.5

Indonesia

5.6

5

4.7

5.3

5.5

5.5

Thailand

2.8

0.9

2.5

2

2.4

2.7

Kazakhstan

6

4.4

0.9

1.1

3.3

3.4

Turkey

4.2

2.9

4.2

3.5

3.5

3.4

Romania

3.5

2.8

3.6

3.9

4.1

4

Brazil

3

0.1

-3.7

-2.5

1.4

1.5

Mexico

1.4

2.3

2.5

2.8

3

3.2

Colombia

4.9

4.6

3.1

3

3.3

3.5

Egypt

2.1

2.2

4.2

3.8

4.4

4.8

Iran

-1.9

4.3

1.9

5.8

6.7

6

Algeria

2.8

3.8

2.8

3.9

4

3.8

India

6.9

7.3

7.3

7.8

7.9

7.9

Pakistan

4.4

4.7

5.5

5.5

5.4

5.4

Bangladesh

6.1

6.5

6.5

6.7

6.8

6.8

South Africa

2.2

1.5

1.3

1.4

1.6

1.6

Nigeria

5.4

6.3

3.3

4.6

5.3

5.3

Angola

6.8

3.9

3

3.3

3.8

3.8

The World Bank said India would benefit because of a reduction in external vulnerabilities, a strengthening domestic business cycle and a supportive policy environment.

 

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January 17, 2016   No Comments

India Bucks Slowdown Trend in Emerging Markets

In a new policy research note ‘Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?’ the World Bank noted that “growth in BRICS, with the exception of India, has been slowing significantly after 2010. These slowdowns are expected to continue over the near term.”

Emerging market growth has been fading steadily since 2010, slipping from an average 7.6 per cent in 2010 to a projected less than 4 percent this year. Some of the contributing factors have been weak international trade, slowing capital flows and slumping commodity prices, external challenges which have compounded domestic problems including blunted productivity and bouts of political uncertainty, the report added.

The World Bank said that while many emerging markets have implemented reforms in specific areas, a few have announced comprehensive structural reform plans, including China, India, and Mexico. India formally adopted inflation targeting in 2015, thus strengthening the credibility of the central bank, reduced barriers to FDI in insurance, telecommunications, railways, and retail, eliminated diesel subsidies while raising excise duties on petroleum and diesel fuel, approved the introduction of a harmonized goods and services tax, and committed to increasing public investment, it noted reports SiliconIndia News,

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December 11, 2015   No Comments