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<ul><li><keyword id="6354427" type="General" weightage="100" keywordseo="apple" source="Orion">Apple</keyword> suppliers have applied for land with the authority, with a proposed investment of ₹2,800 crore.</li><li>YEIDA CEO <keyword id="13375044" type="General" weightage="50" keywordseo="arun-vir" source="Orion">Arun Vir</keyword> Singh told IANS that these companies have already deposited 10 per cent of the proposed allocation for land.</li></ul>With Apple eyeing to ramp up manufacturing in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> amid Covid-related supply chain issues in China, the <keyword id="80359" type="General" weightage="50" keywordseo="yamuna-expressway-industrial-development-authority" source="Orion">Yamuna Expressway Industrial Development Authority</keyword> (YEIDA) said on Wednesday that some of Apple suppliers have applied for land with the authority, with a proposed investment of Rs 2,800 crore while generating thousands of jobs. YEIDA CEO Arun Vir Singh told IANS that these companies have already deposited 10 per cent of the proposed allocation for land in Sector 29 under the <keyword id="766731" type="General" weightage="50" keywordseo="yamuna-authority" source="Orion">Yamuna Authority</keyword> near the upcoming Jewar airport in Greater Noida. "Seiko Advance Limited, an ink manufacturing company, expressed its desire to make its product on 5 acres of land in Sector 29 of YEIDA," Singh informed. Seiko Advance Limited alone will invest Rs 850 crore and provide employment to thousands of people, he added. Sector 29 is well-developed with several available facilities for companies. The Apple suppliers, along with a known camera parts maker, proposed to set up a unit on about 23 acres of land with a proposed investment of Rs 2,800 crore. Singh told IANS that Apple suppliers proposed the investment at a recently-held meeting in South Korea. Seiko Advance creates ink for devices like the iPhones. Apple CEO Tim Cook had visited the company in 2019, when he had said that the 'Midnight Green' colour dye was "only made by high-quality control and craftsmanship" at its plant. Meanwhile, Apple is fast forwarding its manufacturing plans in India and Vietnam in the wake of unrest in China over zero-Covid policy which has severely disrupted its supply chain, leading to an acute shortage of new iPhone 14 Pro models. The Wall Street Journal had earlier reported that the company is "telling its suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly in India and Vietnam" in order to "reduce dependence on Taiwanese assemblers led by Foxconn". The China upheaval, which hit its key supplier Foxconn's Zhengzhou factory last month, resulting in violent protests, means "Apple no longer feels comfortable having so much of its business tied up in one place", the report said, citing analysts and people in the Apple supply chain. Apple aims to ship 40-45 per cent of iPhones from India compared to a single-digit percentage currently, according to analyst Ming-chi Kuo. Every fourth iPhone will be made in India by 2025, according to J.P. Morgan. In a fillip to India's thrust on local manufacturing, Apple had earlier this year kicked off production of new iPhone 14 in India, a first for the tech giant as it narrows down the manufacturing period of new iPhones in the country to cut dependence on China. Buoyed by the ease-of-doing business and friendly local manufacturing policies, Apple's 'Make in India' iPhones will potentially account for close to 85 per cent of its total iPhone production for the country this year, according to industry experts. Apple first started manufacturing iPhones in India in 2017, with iPhone SE. The tech giant manufactures some of its most advanced iPhones in the country, including iPhone 11, iPhone 12 and iPhone 13 at the Foxconn facility, while iPhone SE and iPhone 12 are being assembled at the Wistron factory in the country. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/google-for-india-goes-heavy-on-ai-from-reading-handwritten-prescriptions-to-enhancing-agricultural-capabilities-heres-all-you-need-to-know/articleshow/96362495.cms">Google for India goes heavy on AI — From reading handwritten prescriptions to enhancing agricultural capabilities, here’s all you need to know</a> <a href="https://www.businessinsider.in/tech/gadgets/news/upcoming-new-games-in-2023/articleshow/95999256.cms">Top upcoming games in 2023: Here’s what PC, PlayStation, and Xbox users should expect</a>

Apple suppliers to invest ₹2,800 cr in UP as iPhone maker to move more manufacturing to India

Demand for <a href="http://www.businessinsider.in/searchresult.cms?query=baba+ramdev&amp;sortorder=effectivedate">Baba </a><a href="http://www.businessinsider.in/searchresult.cms?query=baba+ramdev&amp;sortorder=effectivedate">Ramdev</a>’s <a href="http://www.businessinsider.in/searchresult.cms?query=patanjali&amp;sortorder=effectivedate">Patanjali</a> products is growing only and to cater to this growing momentum, the <a href="http://www.businessinsider.in/searchresult.cms?query=FMCG&amp;sortorder=effectivedate">FMCG</a> player is mulling to set up a manufacturing facility near Delhi. 
 Most probably, the new manufacturing facility will alongside the proposed <keyword id="6356684" type="UNKNOWN" weightage="20" keywordseo="patanjali">Patanjali</keyword> University campus on the Yamuna Expressway in Uttar Pradesh. 
 
For the new unit, Patanjali Ayurved is in talks with the Yamuna Expressway Industrial Development Authority (YEIDA) to buy a 200-acre plot for around Rs 320 crore. 
 
"They are in talks with us to take industrial land to set up a factory and institutional land to set up a university. Once they decide, they will apply for allotment of land," YEIDA Chief Executive Arun Vir Singh told ET. 
 
Presently, Patanjali has only one manufacturing facility, which is near Haridwar in northern Uttarakhand state, and is spread over around 150 acres. 
 
Patanjali Ayurved’s sales rose by 64% to Rs 731 crore within six months that ended December 31, 2015. 
 
Patanjali Ayurved's provisional turnover in the first 10 months of FY16 was Rs 3,266.97 crore, compared with Rs 1,587.51 crore in the same period in the previous year, as per credit ratings firm Brickwork Ratings.

Baba Ramdev’s Patanjali demand is surging; may come up with 200-acre manufacturing facility near Delhi

Indians are way behind the <keyword id="6355055" type="COUNTRY" weightage="20" keywordseo="USA">USA</keyword>, when it comes to severance package doled out to the CXOs. Compared to 3-5% Indians getting the severance pay as a safeguard clause in their contracts, it’s almost 60-70% in the USA. The scenario came to light when the exit of <keyword id="6354512" type="CITY" weightage="20" keywordseo="Infosys">Infosys</keyword> CFO <keyword id="347003" type="PERSON" weightage="20" keywordseo="Rajiv-Bansal">Rajiv Bansal</keyword> happened. It has been reported that the departing Infosys CFO was gifted the “so-called golden parachutes”. 
 "Most executives in India do not have any severance clauses in their contracts,” <keyword id="1966307" type="PERSON" weightage="20" keywordseo="Anandorup-Ghose">Anandorup Ghose</keyword>, partner, talent and rewards, <keyword id="2247343" type="COMPANY" weightage="20" keywordseo="Aon-Hewitt-Consulting">Aon Hewitt Consulting</keyword> told The <keyword id="6474066" type="COMPANY" weightage="20" keywordseo="economic-times">Economic Times</keyword>. 
 
Except from the star CEOs, majority of who are in a position to dictate terms, most CXOs don’t have the luxury of getting severance packages, which act as an insurance. These are mostly equivalent to CXO’s fixed salary for anywhere between six months and two years. In some cases, according to The Economic Times, these include vested stock options. The global norm is one to three years of fixed salary and includes safeguards for the organisation. 
 “A mid-sized Indian company recently hired a senior executive at a US multinational as its CEO after agreeing to his demand for a severance package of nearly $1 million,” <keyword id="1052400" type="PERSON" weightage="20" keywordseo="Arun-Das-Mahapatra">Arun Das Mahapatra</keyword>, partner in charge of <keyword id="808338" type="ORGANIZATION" weightage="20" keywordseo="Heidrick-Struggles">Heidrick &amp; Struggles</keyword> in India told the ET. 
 In another ongoing mandate for a real estate firm, <keyword id="272875" type="PERSON" weightage="20" keywordseo="Mahapatra">Mahapatra</keyword> told the financial daiy, the candidate is likely to insist on a severance clause because of the risks associated with the job. As perceived risk rise, so does the severance package. Severance for top employees in the technology and ecommerce/startups sectors have started to match global standards, said <keyword id="2091714" type="PERSON" weightage="20" keywordseo="Sanchit-Vir-Gogia">Sanchit Vir Gogia</keyword>, CEO of Greyhound Research. 
 
(Image credit: Linkedin)

Indian CEOs are far behind the
US ones in Severance Pay Packages

New Delhi, Dec 17 () The government should remove GST on agri-inputs, revamp crop insurance scheme, land lease rental while fixing MSP and ban futures trade on agri-commodities are some of the suggestions made by farm experts during pre-budget meeting with the Finance Minister on Tuesday.
Measures to promote organic farming, cut in import duty from 30 per cent to zero on live embryo, animal and semen, tweaking of electronic National Agriculture Market (e-NAM) and revisiting of Food Security Act were some other recommendations made during the meeting, headed by Finance Minister Nirmala Sitharaman.
This is the fourth pre-Budget meeting on agriculture and agro-processing sectors. Already, consultations with IT/start-ups, financial sector and industry have been held.
"There should be zero GST on every farm inputs such as fertilisers, seed and agri-equipments," Bharatiya Kisan Sangh's (BKS) Dinesh Kulkarni told reporters after the meeting.
He also said there should be no futures trading in agri-commodities as it does not benefit either consumers or farmers. He also urged the government to increase procurement of various crops at the minimum support price (MSP).
Bharat Krishak Samaj Chairman Ajay Vir Jakkar demanded that the Pradhan Mantri Fasal Bima Yojana (PMFBY) should be replaced with new crop insurance and compensation scheme or a set up a farmers disaster and distress relief commission.
He also said the government should reduce GST on processed food and dairy products to 5 per cent.
National Dairy Development Board Executive Director Arun Raste said, "We want import duty on live embryo, animal and semen to be reduced to zero. The government should also expedite implementation of National Dairy Plan (NDP-II) at the earliest and make a budgetary provision".
The NDP-II, which aims to boost productivity in dairy sector, is estimated to cost USD 1 billion, of which 50 per cent will be borne by the World Bank and 30 per cent by the Centre and remaining 20 per cent by NDDB.
Consortium of Indian Farmers' Association (CIFA) Secretary General B D Rami Reddy said the government should consider lease rental cost while determining MSP for crops as recommended by the Swaminathan Commission.
Other stakeholders pitched for building brands of Indian agricultural products abroad, accelerate depreciation benefit to agri-processing industry, encourage development of farm eco-system services and market intelligence systems.
They also recommended development of agro-medicinal forestry, crop diversification, revisiting of Food Security Act, extending subsidy to producers of green manure, bio-fertilisers and bio-pesticides besides steps for promoting large scale production of compost by utilisation of urban solid waste.
The farm experts also felt the need for expansion of multi-dimensional research in agriculture sector for development of new technologies and further suggested for promoting start-ups in institutes of the Indian Council of Agricultural Research (ICAR) and agriculture universities for young students.
The meeting was attended by Minister of State for Finance Anurag Thakur and senior officials from finance, agriculture, consumer affairs, food processing, animal husbandry ministries as well as Niti Aayog. 
There were representatives from National Cooperative Union of India, South Indian Sugarcane Farmers Association, Kisan Foundation, IFFCO, All India Spices Exporter Forum, NCDEX, Indian School of Business, Irrigation Association of India, National rainfed Area Authority (NRAA) and NABARD among many others. MJH LUX CS LUX BAL
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Apple suppliers to invest ₹2,800 cr in UP as iPhone maker to move more manufacturing to India

IANS

Baba Ramdev’s Patanjali demand is surging; may come up with 200-acre manufacturing facility near Delhi

BI India Bureau

Indian CEOs are far behind the US ones in Severance Pay Packages

BI India Bureau

Pre-budget meet: Agri-experts demand scrapping GST on agri-inputs, revamp of PMFBY

PTI

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