Latest news with #4.0
The Hindu
22-04-2025
- Business
- The Hindu
India aims to double share of manufacturing in GDP to 23% helped by sunrise sectors: FM
Finance Minister Nirmala Sitharaman on Monday (April 22, 2025) said India plans to increase the share of the manufacturing sector from 12% to 23% over the next two decades, aiming to create jobs and drive economic growth. India is focussing on 14 identified sunrise sectors like semiconductors, renewable energy components, medical devices, batteries and labour intensive industries, including leather and textile, to enhance the share of manufacturing in GDP, she said while speaking at Hoover Institution at Stanford University California. For India, she said, "scaling up manufacturing is essential to absorb a youthful workforce, reduce import dependencies and build competitive global supply chains". Observing that the world is undergoing a complete reset with regard to manufacturing in the view of industrial revolution 4.0, she said, India, too, is witnessing changes. "In India's GDP, the service sector's contribution is about 64% and if that is one side, at the lower end, the gig economy's growth is rapid. In fact, if 7.1 million people are in the gig economy today, as of 2021-22 data, we expect that to go to 230 million by 2030. That's not manufacturing," she said. "So the service sector disproportionately contributes both to the GDP and to employment… but that's not to say manufacturing should be left aside. We have been hoping to increase the contribution of manufacturing from 12% to about 22-23%," she said, replying to a question as to what share of jobs the manufacturing sector will account for in the next decade, or by 2047. The government has identified 14 sunrise sectors - semiconductors, renewable energy components, medical devices, hydrogen mission, batteries and so on in order to strengthen manufacturing and introduced the production-linked incentive (PLI) scheme to promote them. PLI is being offered to sectors that also have greater employment potential like electronic goods and similarly labour intensive sectors like textile and leather. Highlighting the importance of manufacturing sector, she said, it binds societies and lends cohesion to communities by providing employment opportunities and financial strength to communities. For long-term growth, she said, manufacturing emerges as a key engine for transformation. "Manufacturing has historically been a cornerstone of the economic transformation of nations from 19th century Britain to 21st century East Asia. It creates a forward and backward linkages, catalyses skilling and pushes demand for infrastructure and governance reforms," she said. On the recent tariff-related actions by the Trump administration in the U.S. and its impact on India, Ms. Sitharaman said when there is stability in government, consistency in policy, a predictability in tax regime, investments and growth can be planned and executed to a large extent.
Time of India
22-04-2025
- Business
- Time of India
India aims to double share of manufacturing in GDP to 23 pc helped by sunrise sectors: FM
Finance Minister Nirmala Sitharaman on Monday said India plans to increase the share of the manufacturing sector from 12 per cent to 23 per cent over the next two decades, aiming to create jobs and drive economic growth. India is focussing on 14 identified sunrise sectors like semiconductors, renewable energy components, medical devices, batteries and labour intensive industries, including leather and textile, to enhance the share of manufacturing in GDP, she said while speaking at Hoover Institution at Stanford University California. For India, she said, "scaling up manufacturing is essential to absorb a youthful workforce, reduce import dependencies and build competitive global supply chains". Observing that the world is undergoing a complete reset with regard to manufacturing in the view of industrial revolution 4.0, she said, India, too, is witnessing changes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Don't Miss The Top Packaging Trends Of 2024, Enhnace Your Brand With The Latest Insights Packaging Machines | Search Ads Search Now Undo "In India's GDP, the service sector's contribution is about 64 per cent and if that is one side, at the lower end, the gig economy's growth is rapid. In fact, if 7.1 million people are in the gig economy today, as of 2021-22 data, we expect that to go to 230 million by 2030. That's not manufacturing," she said. "So the service sector disproportionately contributes both to the GDP and to employment... but that's not to say manufacturing should be left aside. We have been hoping to increase the contribution of manufacturing from 12 per cent to about 22-23 per cent," she said, replying to a question as to what share of jobs the manufacturing sector will account for in the next decade, or by 2047. Live Events The government has identified 14 sunrise sectors -- semiconductors, renewable energy components, medical devices, hydrogen mission, batteries and so on in order to strengthen manufacturing and introduced the production-linked incentive (PLI) scheme to promote them. PLI is being offered to sectors that also have greater employment potential like electronic goods and similarly labour intensive sectors like textile and leather. Highlighting the importance of manufacturing sector, she said, it binds societies and lends cohesion to communities by providing employment opportunities and financial strength to communities. For long-term growth, she said, manufacturing emerges as a key engine for transformation. "Manufacturing has historically been a cornerstone of the economic transformation of nations from 19th century Britain to 21st century East Asia. It creates a forward and backward linkages, catalyses skilling and pushes demand for infrastructure and governance reforms," she said. On the recent tariff-related actions by the Trump administration in the US and its impact on India, Sitharaman said when there is stability in government, consistency in policy, a predictability in tax regime, investments and growth can be planned and executed to a large extent.
Yahoo
13-04-2025
- Yahoo
Virgin Media customers told to check if they're entitled to a free upgrade
Virgin Media has issued an important update to customers, which could see them get a free upgrade. Customers with old equipment are currently being sent letters from a UK Internet Service Provider (ISP) to share that they could get free upgrades. Plus, even if you don't receive a letter from the ISP, Virgin will still update your outdated router. According to the Mirror, when the new box arrives, customers will get a better experience while making sure their Virgin device is safe. Did you know that today is Safer Internet Day? 🌐 We're working to help parents & guardians keep their kids safe online & protected from scams and fraud 💖 Check out our advice & tips from our Find the Right Words campaign 💡 Find out more 👉 — Virgin Media ❤️ (@virginmedia) February 11, 2025 Some of Virgin's older Wi-Fi routers no longer offer key security updates that stop bugs and cyberattacks. Under a recent update in a law by the UK Government, ISPs are now responsible for offering and updating Wi-Fi devices to make sure they are kept safe. At the initial announcement of the law update, Julia Lopez, UK Data and Digital Infrastructure Minister said: 'Today marks a new era where consumers can have greater confidence that their smart devices, such as phones and broadband routers, are shielded from cyber threats, and the integrity of personal privacy, data and finances better protected.' If you receive a letter from Virgin Media, it's key that you accept the delivery of the new box for security reasons. However, if you do not receive a letter, you can check to see if you're Wi-Fi router is outdated by checking whether it is a Hub 1 or a Hub 2. You can check whether your Wi-Fi router needs an update via Virgin Media. Explaining what the law update means for Virgin customers, ISP shares: 'Customers of broadband ISP Virgin Media (O2), specifically those still using some of the provider's oldest routers (i.e. Hub 2 AC, Hub 2 and Hub 1), have recently become the latest group to receive a letter inviting them to upgrade to the HUB 4.0 (ARRIS TG3492LG-VMB) 'at not extra' cost. Recommended Reading Virgin Media O2 reveals how to earn cash on unwanted tech Virgin Media O2 to switch off 3G in April - devices impacted Virgin Media customers can access over 100 hidden channels 'This is because the old hardware no longer receives security updates.' Adding: 'The provider has long been running various Hub upgrade programmes, often for different reasons, and this is just a continuation of that approach. 'In this case, the latest upgrade effort reflects a combination of changes that were introduced under both the recent Product Security and Telecommunications Infrastructure Act (PSTI) and the Telecoms (Security) Act (TSA).'
Trade Arabia
09-04-2025
- Business
- Trade Arabia
Make it in Emirates to cover 12 strategic industrial sectors
Adnec Group has announced that the fourth edition of Make it in the Emirates has expanded to focus on 12 strategic sectors, driving the growth of existing industries and unlocking opportunities for future development. Organised by the Ministry of Industry and Advanced Technology (MoIAT), in collaboration with the Ministry of Culture, Abu Dhabi Investment Office, Adnoc and Adnec Group, the event underscores the UAE's commitment to developing a thriving and competitive industrial sector driven by the latest technological advancements. Make it in the Emirates 2025 is set to be the largest in its history covering 50,000 sq m of the Adnec Centre Abu Dhabi and feature a record number of exhibiting brands, companies, startups, and entrepreneurs. As a key initiative in achieving the objectives of the Ministry of Industry and Advanced Technology's (MoIAT) strategy, Operation 300bn, this edition will highlight the strategic role of advanced technologies, production localization, and cross-country partnerships in shaping the future of manufacturing in the UAE. With a significant leap in both size and procurement commitments, this year's expanded edition will include a Food, Beverage & Agricultural Tech sector, showcasing innovations that drive sustainable food production, precision agriculture, and advanced agri-tech solutions to enhance food security. Additionally, the Pharmaceuticals & Medical Tech sector will highlight state-of-the-art research, biotech advancements, and digital healthcare solutions that are transforming the medical field. Meanwhile, Ship, Maritime & Boat Manufacturing sector will emphasise Emirati excellence in vessel construction, marine engineering, and cutting-edge maritime technologies. The Metals & Fabrications sector will feature advancements in metalworking processes, precision manufacturing, and industrial applications that drive efficiency and sustainability. The Handicrafts sector will celebrate cultural heritage by blending artisanal craftsmanship with modern applications, showcasing how traditional skills can be integrated into contemporary industries. The Advanced Manufacturing, AI & Industry 4.0 sector will explore automation, artificial intelligence, robotics, and smart factory solutions that define the future of manufacturing. The event will also have a Chemicals, Plastics & Sustainable Materials sector, focusing on eco-friendly innovations, circular economy solutions, and advanced materials for various industries. The Hydrogen sector will drive discussions on the role of green hydrogen, sustainable fuel alternatives, and industrial applications of clean energy in the UAE's commitment to sustainability. Further strengthening the industrial landscape, the Electrical Equipment & Electronics sector will feature innovations in next-generation electronics, power systems, and essential components that fuel digital transformation. The Machinery & Equipment sector will showcase high-performance industrial machinery, automation technologies, and infrastructure solutions designed to enhance productivity across sectors. The Construction & Materials sector will present advancements in sustainable building materials, smart construction solutions and innovations shaping modern infrastructure. Lastly, the Aerospace, Automobile & Defence sector will spotlight breakthroughs in aerospace technology, electric and autonomous vehicle development, and the latest defence innovations. The fourth edition of Make it in the Emirates will serve as a global convening platform, fostering investment, collaboration, and industrial partnerships, said Adnec in its statement.
