Dior appoints Jonathan Anderson as design chief for women's wear and haute couture
The French fashion house named Anderson, 40, in April as head of menswear designs, recruiting him from smaller LVMH label Loewe.
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Time of India
2 hours ago
- Time of India
Nidec launches Rs 600cr manufacturing plant in Dharwad
Dharwad: Nidec, a global leader in data centre equipment manufacturing, has set up a new plant with an investment of Rs 600 crore at the Beluru Industrial Area in Dharwad. The facility was officially launched by minister for large and medium industries, MB Patil. Speaking at the event, Patil said the new plant, which creates 800 direct jobs, will cater to the growing demand across sectors such as electric vehicles, data centres, renewable energy, battery storage, and general industries. "This unit will bolster local manufacturing, enhance R&D capabilities, and improve supply chain reliability," he said. The plant will manufacture heavy-duty machines of 2MW, 3MW, and 4MW capacity, essential for data centres, using advanced technology from Japan and France. These machines will be exported to markets in the US, the UAE, and Europe, alongside serving the domestic market. "While the facility has initially generated 800 direct jobs, the number is expected to rise to around 3,000 once the plant becomes fully operational," Patil informed. He also mentioned that 20 acres of land has been allocated for the company's battery solutions unit. In addition to heavy machinery, the plant will also produce power backup generators, wind generators, alternators for data centre, EV motors for three wheelers, four wheelers, trucks, elevator motors, and electronic drives-MV and LV. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo Highlighting the govt's focus on industrial growth in North Karnataka, Patil said the state has introduced several concessions and facilities under its new industrial policy. "For Nidec's project, we ensured timely facilitation by allotting the required land within just two years," he added. Addressing concerns about water usage, the minister clarified, "The Krishna River water tribunal has allocated 4 tmc of water for industrial purposes, of which, we are currently using only 0.5 tmc. We are not diverting water meant for agriculture. Moreover, the industries are provided only downstream water from the Hidkal Dam." He further emphasised the importance of balancing industrial development with agricultural interests. "While acquiring land for industrial purposes, fair compensation must be ensured for farmers. A healthy balance between agriculture and industry is vital," Patil noted. The event saw the participation of Japanese Consul General Nakane Tsutomu, French Consul General Marc Lamy, and senior Nidec officials including Michael Briggs, Greg Garman, and Girish Kulkarni. Caption: Industries Minister MB Patil takes a stroll at newly launched Nidec Company's plant in Belur Industrial Area off Dharwad (TOI)
India Gazette
4 hours ago
- India Gazette
India-France CEO Forum: Indian business leaders pushes for strengthening bilateral trade and investment, FTA
Paris [France], June 3 (ANI): At the India-France CEO Forum in Paris saw enthusiastic discussions on strengthening bilateral trade and investment on Tuesday. The forum highlighted the potential for a Free Trade Agreement (FTA) between the two countries, which would not only boost trade but also build trust and chemistry between India and France. The Indian business leaders highlighted the potential for a Free Trade Agreement (FTA) between the two countries, which would not only boost trade but also build trust and chemistry between India and France. Both Union Commerce and Industry Minister Piyush Goyal and his French counterpart Laurent Saint-Martin expressed optimism over the proposed Free Trade Agreement (FTA) between India and the European Union. Indian industry leaders, including Sanjay Nayar (ASSOCHAM), Sunil Vachani (Dixon Technologies), Rikant Pittie (EaseMyTrip), and Ravi Limaye (Wockhardt), shared their insights on the opportunities and challenges in the India-France partnership. They emphasised the potential for collaboration in areas like manufacturing, tourism, and technology. 'Three things stood out for me, the enthusiasm of both the ministers, our minister Piyush Goyal and the French Minister Laurent Saint-Martin about getting the Free Trade Agreement (FTA) done. The message coming out is more than just a trade. It is more about building trust and chemistry, which we have, it takes it to a new level with FTA...,' said Sanjay Nayar, President, Associated Chambers of Commerce & Industry of India (ASSOCHAM) on India-France CEO Forum and meeting between Union Minister Piyush Goyal and French Minister Laurent Saint-Martin. The forum drew participation from several leading French companies. Indian delegation urged French businesses to explore India as a key manufacturing and investment destination. Sunil Vachani, Chairman of Dixon Technologies, pointed out, 'There was a big attendance of French companies, they showed a great interest from their side. The biggest reason for this is that France's biggest companies are looking for an alternative supply chain and a reliable partner that can manufacture globally. Minister Piyush Goyal kept this fact forward, saying that they won't get a better alternative than is a big was to come forward and invest in India...' Rikant Pittie, Co-Founder and CEO of EaseMyTrip, spoke about the potential for collaboration in tourism and human capital. 'We had a very insightful discussion today with the French companies. I briefed about what the different potential collaboration opportunities are between India and could be a potential synergy between India and France on the diversified talent pool. India currently has approximately 1.5 million engineering graduates every and France can deepen their relationship with tourism corridors,' he added. Ravi Limaye, Managing Director of Wockhardt, welcomed the momentum towards the FTA. 'I think this was a very important meeting, as the minister said, the trade between India and France is about USD 15 billion, which hardly indicates the kind of potential these two countries have. There are lots of opportunities to increase this trade and do business that will help both these countries. So I think this is a good start,' he added. Limaye further emphasised that the two countries of lots of potential and can increase trade and business. 'The trade between India and France is about $15 billion, which hardly indicates the kind of potential these two countries have. Lots of opportunities to increase this trade and do business that will help both these countries. I think this is a good start...' Moreover, World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala highlighted the need for reforms in the multilateral trading system. She emphasized India's crucial role in shaping the future of the WTO and its potential to lead the way for other developing countries. 'I am very happy that we have the occasion of the mini-ministerial and certainly happy that Minister Piyush is here and will participate, I think he will give a chance to ministers invited by the Australians to be able to talk to each other about the possible reforms to the WTO. Of course the multilateral trading system has been disrupted in a way it hasn't been before. But, sometimes I see challenges as opportunities and I think this is a very good opportunity for the WTO members to look at what are those things that work and should be members think that it is a very valuable organisation but it should be repositioned and that's why the mini-minsterial is very important because ministers are going to start that discussion prior to MC14,' said Okonjo-Iweala. Union Minister Piyush Goyal met WTO DG Ngozi Okonjo-Iweala and Minister of Commerce in Saudi Arabia, Dr. Majid bin Abdullah Al-Kassabi in Paris, France. 'Meeting with Minister Goyal was very productive. We spoke about all these issues, about reforms, about the issues India is interested in - like agriculture and how MC14, we need India as a leader. India is a leading country and India is doing well. So, India needs to open the way for other developing countries...,' added the WTO Director-General. Goyal also me with ATR Aircraft CEO Nathalie Tarnaud Laude in Paris. The underscored India's commitment to strengthening bilateral ties and exploring new opportunities for cooperation. (ANI)
India.com
4 hours ago
- India.com
India Dumping Russian Missiles For US Firepower – Is Moscow Losing Its Last Big Ally?
New Delhi: After decades of sourcing weapons and war machines from Russia, India is charting a new course. It is aimed squarely West. In what analysts are calling a tectonic shift, the world's largest democracy is reducing its dependence on Russian arms. The shift is driven by rising quality concerns, supply chain delays and undeniable impact of the Ukraine war on Moscow's military-industrial complex. It is major opening for the United States and European defence giants – which are now competing for a bigger slice of India's $100 billion defence modernisation pie. From fighter jets to submarines, India's procurement patterns are changing fast. Just over a decade ago, around 76% of India's defence imports came from Russia. By last year, that figure plunged to 36% (the lowest in over half a century), according to data from the Stockholm International Peace Research Institute. What's Behind the Shift? Speaking to Bloomberg and other news outlets, Indian officials expressed concerns over Russian equipment delays and the creeping influence of Chinese components in Moscow's supply chain. Locked in a tense border standoff with Beijing, that is a red flag wrapped in a strategic emergency for India. US and French defence suppliers are rolling out the red carpet. Multi-billion-dollar deals have been signed for drones, jet engines, howitzers and surveillance aircraft. The India-US defence pipeline is booming – 31 MQ-9B drones from General Atomics, co-production of GE-F414 jet engines with HAL and a new 10-year roadmap for military technology sharing sealed during Prime Minister Narendra Modi's high-profile 2023 US visit. Oil for Guns Despite the defence pivot, India has not completely abandoned Moscow. Russian oil continues to flow to Indian ports, and legacy weapons still need spare parts. But India is playing the long game – betting on Western tech to modernise its forces while maintaining just enough ties with Russia to keep current systems operational. Still, experts warn the window for Russian defence exports to India is closing fast. Russia's future role in India's arsenal will be mostly spare parts and nuclear submarines. That is a massive downgrade from being India's primary arms supplier. Enter the Americans Under the newly inked U.S.-India defence framework, Washington has gone all in. Co-development projects, industrial tie-ups and technology transfers are now central to the relationship. India's STA-1 status, which allows streamlined access to sensitive US tech remains intact, and defence exports from America are rising year after year. As U.S. Commerce Secretary Howard Lutnick put it bluntly, 'India is finally buying from the United States. That changes everything.' The GE–HAL engine deal and the $3 billion drone purchase are just the beginning. Talks are underway for the co-production of Javelin anti-tank missiles, Stryker combat vehicles and more maritime surveillance aircraft. The goal is to develop a Made-in-India defence industry powered by Western innovation. China Looms Large The important reason behind India's urgency is China. With Beijing flexing its muscles in the Indo-Pacific, New Delhi is teaming up with the United States in joint naval exercises, anti-submarine warfare development and AI-driven battlefield technology. Collaborations between Indian defence startups and US firms such as Anduril and Mahindra on autonomous systems are already in motion. The broader vision is building a defence tech ecosystem that fuses American scale with Indian ingenuity. But hurdles remain. US export controls, IP restrictions and black-box components continue to pose challenge for Indian planners. Past efforts such as the Defence Technology and Trade Initiative (DTTI) stumbled over bureaucracy and lack of political will. But the clock is ticking. With a $100 billion procurement budget and China's aggression unrelenting, India needs results, not just MoUs. The newly launched INDUS-X initiative and the iCET tech alliance offer hope, but execution will be key. Once the star supplier, Russia is slowly being sidelined. Led by the United States, the West is stepping in with big weapons, big money and even bigger ambitions. And in the middle, India is leveraging its market, military needs and geopolitical clout to build a defence future that is fast, flexible and free of Moscow's grip.
