9MARCH - 2025TOP STORIESDELTA ELECTRONICS TO INVEST $500 MILLION TO BOOST LOCAL PRESENCE IN INDIADelta Electronics is set to invest $500 million that was announced in the year 2015, under the government's Make in India initiative for expanding its presence in the local market, one of the top company officials stated. "The company, through its Indian arm has made significant investments since its entry into the domestic market in 2003, Benjamin Lin, President of Delta Electronics India said in a press conference at "Elecrama 2025," organised by IEEMA in Greater Noida."India is a key market for Delta, and we are committed to driving its industrial and energy transformation with our advanced solutions. Our strategic investment in the Krishnagiri facility underscores our dedication to local innovation, manufacturing excellence and sustainability," he added.Delta Electronics is in the process of investing $500 million in the country which also comprises the Krishnagiri facility, as per the presentation made by Lin."Through this investment, we aim to strengthen India's self-reliance in smart manufacturing and energy infrastructure while contributing to global industry standards," he said adding the company aims to make part of that expansion operational by 2025-end.Located around 90 km from Bengaluru, at Krishnagiri, the company's manufacturing entails solutions for electric mobility landscape such as EV charging infrastructure, telecom industry solutions such as direct current convertors & rectifiers as well as solutions used for lowering the electricity consumption of data centers. IMRINDIA'S GLOBAL MANUFACTURING SHARE TO DOUBLE IN TWO YEARS, FEDEX CEOIn the next two years, India's share of the global manufacturing market will likely double, owing to the increasing business opportunities and rising global interest, stated Raj Subramaniam, the Chief Executive of FedEx Corporation.Addressing an Indiaspora Forum for Good event in Abu Dhabi, he detailed the potential India has to develop as a rival for the world's third-largest economy by 2030 because of its openness to foreign direct investment. He also serves as Vice Chairman on the US-India Strategic Partnership Forum; he gave additional attention to India's rising appeal as a manufacturing hub. " The opportunity for Indian manufacturing to double in the next two years is very big," he said.This optimism comes at a time when global realignment in supply chains has spurred companies to seek alternatives to China, where India is still preferred. Presently India has a 2.8 percent share in global manufacturing; however, government-backed initiatives such as 'Make in India' and PLI schemes are showing results and competing for MNCs.He stressed the interconnectedness of the global environment for the economy and how Indian companies need to be aware of the newly developing opportunities. "It's a dynamic world, and things are changing dramatically as we speak. Make no mistake, the world is highly interconnected. I see a huge opportunity for Indian businesses. There is a sense of optimism and real change", said Subramaniam.The Indiaspora Forum for Good, a three-day summit in the UAE, gathers leaders of Indian origin from over 30 countries to catalyze collaboration and create a dynamic global network. Subramaniam sought to stimulate the Indian diaspora into active engagement in India's economic ascendancy and pushed for synergistic partnerships to incite exponential growth.Kumar, Founding Member of Indiaspora and Managing Director at Celesta Capital, agreed with Subramaniam's standpoint. He cited India's improving manufacturing proficiency in areas like automobile production. Moreover, he noted that with global supply chain redundancies, there are intensive moves toward more manufacturing in India-another plus point for India. IMR9MARCH - 2025
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