9FEBRUARY - 2025TOP STORIESUNION BUDGET 2025: SUPPLY CHAIN DE-RISKING KEY TO SELF RELIANCEIndia's policies for electric vehicles must focus on de-risking supply chains by promoting a more self-reliant ecosystem, the Economic Survey 2024-25 said on Friday highlighting China's global dominance over key components and raw materials in the sector. The pre-budget document also asserted that India must aim to establish technology transfer agreements with other nations that are also seeking to diversify their supply chains and forge partnerships with other aspiring nations to help distribute the high costs of securing a comparative advantage in the global market.While India has made impressive strides in promoting domestic manufacture of electric vehicles (EVs), to sustain the growth momentum, there are some important considerations to keep in mind, it pointed out, citing an example of the requirement of six times more minerals to produce an EV as compared to a conventional car."Going forward, policies for electric vehicles must focus on de-risking supply chains by promoting a more self-reliant ecosystem powered by increased R&D in advanced battery technologies, such as sodium-ion and solid-state batteries," it asserted.The survey further said, "Securing intellectual property in this domain can prove invaluable. Additionally, facilitating investment in battery recycling infrastructure can yield greater long-term gains for the Indian automotive sector."Stressing the need to de-risk the EV supply chain, the survey said many minerals crucial to EV manufacturing are scarcely available or processed in India while simultaneously being concentrated in very few countries. IMRATLAS MANUFACTURING EXPANDS LASER WELDING CAPABILITIES ACROSS FACILITIESAtlas Manufacturing has installed state-of-the-art laser welding technology into facilities and achieved results of increased precision, efficiency, and quality. This strategy further strengthens the company's position to serve high-growth sectors such as telecommunication, medical, HPC, and retail with superior manufacturing solutions.Laser welding is highly known to have accurate welds, which are almost distortion-free to the material. It is quite accurate and has more consistency when compared to any other traditional methods of welding; therefore, even the most complicated designs can be very well chosen with laser welding.By incorporating laser welding, Atlas Manufacturing expands its capacities, especially where industries require spotless fabrication with tight tolerances. In HPC, such advanced computing assemblies require lightweight materials that are sturdy, such as aluminium and stainless steel, wherein laser welding gives a real boon. It does the same thing for the healthcare industry, by manufacturing intricate pieces of equipment."Expanding laser welding to both facilities is a game-changer, enabling us to meet customer demands for precision, quality, and speed in industries like HPC, medical, and telecom," said Brett Bohlander, Owner & President of Atlas Precision Sheetmetal SolutionsThis adoption reflects the commitment of Atlas Manufacturing to innovation and excellence, ensuring that customers receive leading-edge solutions for their evolving needs. With laser welding in place, the company is now the epitome of setting new standards in quality and efficiency in high-tech industries. IMR
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