T N Ninan: How India Can Overtake China

South Korean corporations too have been not simply re-shoring but 'friend-shoring' as nicely. Samsung has opted for Vietnam, which has additionally attracted Google for producing its Pixel telephones, Apple its Macbooks and iPhones, as well as Nike and penapis air cuckoo Adidas. Malaysia has benefited from 32 projects re-situated from China. And in response to US President Joe Biden's announcement of incentives that outdo Asia's industrialised giants, Hyundai has introduced an electric automobile and battery plant in Georgia, while LG is partnering Honda for a new battery manufacturing unit in Ohio. Lighting income was down by 27 per cent Y-o-Y to Rs 270 crore. Dixon is shifting towards premium lights and plans to exit batten lights from Q2 of FY25. Also, one giant lighting brand has shifted to outsourcing with Dixon as anchor supplier. Backward integration in mobiles will take a capex of Rs 240 crore in FY25 to manufacture show modules (usually around 10-11 per cent of Cell Bill of Materials value) to create a capacity of 25 million units.

The finance minister clarified that indexation benefits provided till April 1, 2001 could be protected. This implies older properties, including legacy property, would profit. Finance Minister Nirmala Sitharaman allocated Rs 10 trillion, together with a central help of Rs 2.2 trillion, for the Pradhan Mantri Awas Yojana (City). This may assist meet the housing requirements of 10 million city poor and middle-class families over five years. Beneath the PM Awas Yojana Urban 2.0, housing wants of 10 million city poor and center-class households might be addressed with an investment of Rs 10 trillion,' the finance minister mentioned in her speech. It will embody the central assistance of Rs 2.2 trillion in the subsequent five years,' she added. Sitharaman also mentioned the Centre plans to supply curiosity subsidies to facilitate house loans at reasonably priced rates. Enabling policies and laws for efficient and transparent rental housing markets with enhanced availability will also be put in place,' she added.

An infrared cooker, used mainly in industrial applications and particularly to maintain cooked foods heat, employs an infrared lamp; the unit must be housed in purple glass that filters the radiation, thus confining it to the implement. The flexibility of radio-frequency radiation to heat food rapidly without heating the encompassing space had lengthy been famous in numerous radiation experiments. This potential was harnessed in the event of the microwave oven, which turned extensively common from the early 1970s, at first commercially, then in houses. It is especially valued for its speed in cooking any food, especially fast-frozen food.