Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="19986399" type="General" weightage="20" keywordseo="Tata-Electronics" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Electronics" meta.hostid="261" meta.entityid="Tata Electronics">Tata Electronics</keyword> has reportedly closed a deal to acquire a majority stake in Pegatron’s iPhone plant in India.</li><li>The Pegatron plant has a production capacity of five million iPhones annually.</li><li>This will be the company’s third iPhone manufacturing plant in India.</li></ul> Tata Electronics continues to strengthen its smartphone manufacturing business in India as it has reportedly sealed a deal to acquire a majority stake in Taiwanese contract manufacturer Pegatron iPhone plant in India. Earlier reports had revealed that Pegatron is in talks with Tata to sell its Chennai plant as part of Cupertino tech giant Apple’s strategy to diversify manufacturing outside of China amid geopolitical tensions between Beijing and Washington. <div type="Article" hostid="261" msid="113204340" title="iPhone 16 Pro and iPhone 16 Pro Max with bigger displays, A18 Pro chipset launched starting at ₹1,19,900" mstype="2" mssubtype="0"></div> According to a<a href="https://www.reuters.com/markets/deals/tata-seals-deal-with-pegatron-iphone-plant-indias-tamil-nadu-sources-say-2024-11-17/"> report</a> by Reuters, Tata has agreed to acquire a 60% stake in a new joint venture with Pegatron that will see the Indian conglomerate oversee the day-to-day operations while Pegatron offers technical support, as per two sources familiar with the deal. The financial details of the deal have not been made public and the two companies reportedly plan on filing for approval from the Competition Commission of India (CCI) soon. <h2>Tata’s iPhone production in India to get a boost</h2>Tata already operates an iPhone assembly plant in Karnataka, which it acquired from Taiwanese giant Wistron last year. The company is building a second plant in Hosur, Tamil Nadu. The new plant as part of its partnership will give a boost to Tata’s iPhone production capabilities and make it the only company manufacturing iPhones in India apart from Foxconn. <div type="Article" hostid="261" msid="113203568" title="iPhone 16, iPhone 16 Plus with A18 chipset launched starting at ₹79,900" mstype="2" mssubtype="0"></div> The Pegatron facility has around 10,000 employees and has the capacity to manufacture five million iPhones annually. India, which contributed to around 12 to 14% of total iPhone shipments in 2023 is expected to contribute around 20 to 25% of shipments this year. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/ntpc-green-energy-ipo-gmp-risk-factors-and-all-you-need-to-know/slidelist/115403791.cms">NTPC Green Energy IPO – GMP, risk factors and all you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-grow-5-6-in-q3-2024-vivo-leads-the-market/articleshow/115329847.cms">Indian smartphone shipments grow 5.6% in Q3 2024, Vivo leads the market</a> <a href="https://www.businessinsider.in/entertainment/news/jiostar-announces-plans-starting-at-15-heres-everything-you-need-to-know/articleshow/115326701.cms">JioStar announces plans starting at ₹15 – here’s everything you need to know</a>

Tata to buy a majority stake in Pegatron's iPhone plant in India

Yogurt and Greek yogurt are two popular dairy products enjoyed by people worldwide for their creamy texture, tangy flavor, and numerous health benefits. While they may seem similar at first glance, there are significant differences between the two that affect their taste, texture, and nutritional profile. Let's delve into the distinctions between yogurt and Greek yogurt to understand what sets them apart. What is Yogurt? Yogurt is a fermented dairy product made by adding bacterial cultures to milk, typically from cows, goats, sheep, or buffalo. These cultures ferment the lactose in the milk, converting it into lactic acid, which gives yogurt its characteristic tangy flavor and thick texture. Traditional yogurt is strained to remove excess whey, resulting in a creamy consistency. What is Greek Yogurt? Greek yogurt, also known as strained yogurt or yogurt cheese, undergoes a similar fermentation process to regular yogurt. However, it is strained multiple times to remove most of the whey, resulting in a thicker, creamier texture and a higher concentration of protein. Greek yogurt is typically made from cow's milk but can also be made from sheep's milk or goat's milk. Key difference: 1. Regular yogurt has a smooth, creamy texture with a slightly viscous consistency. Greek yogurt is much thicker and creamier than regular yogurt due to the additional straining process, resulting in a velvety texture that is almost custard-like. Taste: 2. Both yogurt and Greek yogurt have a tangy flavor, but Greek yogurt tends to be more tart and tangy due to its higher protein content and lower sugar content. Nutritional Profile: 3. Greek yogurt is higher in protein and lower in carbohydrates compared to regular yogurt, making it a popular choice for those seeking to increase their protein intake or reduce their carbohydrate consumption. Regular yogurt may contain slightly more calcium and other vitamins and minerals, depending on the brand and any fortification added. Versatility: 4. Both yogurt and Greek yogurt are versatile ingredients that can be used in a variety of sweet and savory dishes. Greek yogurt's thicker texture makes it particularly well-suited for recipes that require a creamy consistency, such as dips, dressings, and desserts. Price: 5. Greek yogurt tends to be more expensive than regular yogurt due to the additional straining process required to produce it. Which One Should You Choose? The choice between yogurt and Greek yogurt ultimately depends on personal preference and dietary needs. If you prefer a thicker, creamier texture and are looking to boost your protein intake, Greek yogurt may be the better option for you. On the other hand, if you enjoy a smoother texture and are seeking a more budget-friendly option, regular yogurt may be the way to go. While yogurt and Greek yogurt share many similarities, their differences in texture, taste, and nutritional content make them distinct dairy products with unique qualities. Whether enjoyed on its own, used as a topping, or incorporated into recipes, both yogurt and Greek yogurt offer delicious ways to reap the health benefits of fermented dairy products. So, whether you're a fan of the classic creaminess of yogurt or the indulgent richness of Greek yogurt, there's a dairy delight for everyone to enjoy. Note: The article is based on content generated by AI models like Bard and Chatgpt.

Yogurt vs. greek yogurt: exploring the key differences in dairy products

It's dinner time. You've worked hard to prepare a nutritious and tasty meal. But after taking your first bite you feel something is missing. Perhaps you should have added more <keyword id="19926225" type="General" weightage="20" keywordseo="salt" source="keywords">salt</keyword>? Pepper? Or maybe even something more exotic like monosodium glutamate, better known as <keyword id="20263639" type="General" weightage="20" keywordseo="msg" source="keywords">MSG</keyword>? There are many food additives used in both home cooking and commercial products. These ingredients improve the flavour, smell, texture, appearance and longevity of foods. <keyword id="23109309" type="General" weightage="100" keywordseo="salt-and-msg" source="Orion">Salt and MSG</keyword> are two well-known food additives. Both contain <keyword id="20387265" type="General" weightage="20" keywordseo="sodium" source="keywords">sodium</keyword>, but there are plenty of differences which you can use to your benefit. <h2>What is a salt?</h2> Salts are made of positively and negatively charged components called ions. Salts generally dissolve in water, and are brittle. The names of salts often feature a metal (positively charged) followed by a non-metal (negatively charged). The common kitchen ingredient we call "salt" is just one type of salt. To distinguish it from all other salts, we should more specifically refer to it as "table salt". Chemically, it's sodium chloride. <h2>Sodium chloride</h2> After the quick chemistry lesson above, we can see that table salt, sodium chloride, contains a positively charged sodium and a negatively charged chlorine. These charged components are arranged in crystals of salt in a regular repeating pattern. Each sodium ion is surrounded by six chloride ions and each chloride ion is surrounded by six sodium ions. This arrangement gives the crystal a "cubic" form. If you look closely at salt, you may see cube-shaped crystals. Sodium chloride is very abundant. It is found dissolved in Earth's oceans. Mineral deposits of salt, known as halite or rock salt, formed from the evaporation and crystallisation of ancient seas. Depending on the source, the salt may contain many other trace minerals that can even add colour to it, such as the pink-coloured <keyword id="19964652" type="General" weightage="20" keywordseo="himalayan" source="keywords">Himalayan</keyword> salt from Pakistan. Salt can also be fortified with sodium iodide as a public health measure. Describing the taste of salt is quite difficult without using the word "salty". It's a very common food additive, as it is so abundant and versatile. It is an essential ingredient for many traditional food preservation techniques for meats (pork and fish), vegetables (kimchi, sauerkraut and pickles), and dairy (cheese and butter). Salt is considered a universal flavouring agent. It can mask bitter flavours and bring out sweet, sour and umami (savoury) ones. Despite popular depictions of taste maps, there is no one place on the tongue where we taste salt. Other sodium salts can also give a "salty" taste, but the effect declines (and can even turn to bitter) with negatively charged components other than chloride. <h2>MSG or monosodium glutamate</h2> Monosodium glutamate is also a salt. The glutamate is the negatively charged form of glutamic acid, an amino acid that is found in nature as a building block of proteins. MSG, and more generally glutamates, are found in a wide range of foods including tomatoes, <keyword id="20804859" type="General" weightage="20" keywordseo="parmesan" source="keywords">Parmesan</keyword> cheese, soy sauce, dried seaweeds, <keyword id="21509378" type="General" weightage="20" keywordseo="worcestershire" source="keywords">Worcestershire</keyword> sauce and protein-rich foods. All of these foods impart umami flavours, which are described as savoury or <keyword id="19944455" type="General" weightage="20" keywordseo="meaty" source="keywords">meaty</keyword>. Commercial MSG is not extracted from the environment but produced by bacterial fermentation. Glucose is converted to glutamic acid, which is further processed by adding sodium hydroxide to form MSG (and water). MSG is sold as crystals, but they have a long, prismatic shape rather than the cubic form of sodium chloride. It's worth tasting a few crystals of MSG directly to experience the native taste of umami. Despite decades of bad press and concern, MSG is considered safe to consume in the concentrations typically found in or added to foods. Table salt and MSG both contain sodium, but at different percentages of the total weight: table salt has around 40 per cent sodium, versus just 14 per cent in MSG. You are also more likely to be routinely adding table salt to your food rather than MSG. Eating too much sodium is well known to be unhealthy. Potassium-enriched substitutes have been suggested for a range of health benefits. <h2>A flavour enhancer</h2> The flavour of MSG can be elevated further by combining it with other food additives, known as sodium ribonucleotides. Japanese and Korean cooks figured this secret out long before chemists, as boiling dried fish and seaweed produces foundation stocks (dashi) containing a mix of naturally sourced glutamates and ribonucleotides. Ribonucleotides are classified as "generally considered as safe" by food standards authorities. Humans consume many grams of the natural equivalent in their diets. What can be more problematic are the carbohydrates- and fat-rich foods that have their flavours enhanced, which can potentially lead us to eat excessive calories. The combination of MSG and ribonucleotides produces a more-ish sensation. Next time you see a bag of potato chips or instant noodles, have a quick look to see if it contains both MSG (E621) and a ribonucleotide source (E627-E635). I personally keep a jar of MSG in my kitchen. A little goes a long way to elevate a soup, stew or sauce that isn't quite tasting the way you want it to, but without adding too much extra sodium. (This article was originally published in The Conversation)

What's the difference between MSG and table salt? A chemist explains

The Indian cement industry is on track to reach 5.09 billion tonnes by 2028-29, driven by robust government investment in infrastructure. According to an IANS report originally attributed to Infomerics Ratings, this marks a compound annual growth rate (CAGR) of 4.9 per cent between 2024 and 2029. In 2022-23, the industry’s market size stood at 3.82 billion tonnes, with a total installed capacity of 622 million tonnes per annum (MTPA) in FY24 and production at 427 million tonnes. Notably, India contributes over 8 per cent to the world’s total installed cement capacity, highlighting its importance in the global market. Despite this, India’s per capita cement consumption is 260 kg—significantly below the global average of 540 kg—indicating substantial room for growth. Globally, the cement market is projected to grow at a CAGR of 4.3 per cent from 2024 to 2032. The sector’s expansion is fuelled by ambitious government initiatives, including an allocation of ₹11.11 lakh crore for infrastructure in FY25 and housing schemes like Pradhan Mantri Awas Yojana. The construction sector consumes 55 per cent of cement production, while public infrastructure projects account for the remainder. The industry also plays a critical role in employment, providing direct jobs to over one million people and creating downstream opportunities for about 20,000 individuals per million tonnes of cement produced. Private players dominate the sector, controlling 98 per cent of production capacity, while public sector units hold a mere 2 per cent. Domestic production meets almost all demand, with imports accounting for just 0.2 per cent of total production in FY23. However, exports have declined recently due to reduced global demand and rising competition. India currently has 341 cement manufacturing facilities, including 159 integrated large cement plants, 120 grinding units, and 62 mini cement plants. Cement production has seen steady growth, with a 7.1 per cent increase in September 2024 and a cumulative growth of 1.6 per cent between April and September of FY25, according to the Ministry of Commerce and Industry. This growth aligns with India’s overall industrial performance, which saw a 2 per cent rise in core industries in September, led by cement, steel, coal, and fertilisers. As India invests heavily in infrastructure and housing, the cement industry is set to play a pivotal role in supporting the nation’s economic and developmental goals. (with IANS inputs)

India's cement industry expected to grow to 5.09 billion tonnes by 2028-29 amid infrastructure push: Report

<ul class="summary-list"><li>Now in <keyword id="19896940" type="General" weightage="20" keywordseo="Walmart" source="keywords" meta.keywordsubtype="org" meta.entityname="Walmart" meta.hostid="261" meta.entityid="Walmart">Walmart</keyword> aisles: a <keyword id="23944922" type="General" weightage="100" keywordseo="Skibidi-Toilet-action-figure" source="keywords">Skibidi Toilet action figure</keyword> — a $45 mystery toilet bowl.</li><li>The head of brands for toilet-maker <keyword id="23944923" type="General" weightage="20" keywordseo="Bonkers-Toys" source="keywords" meta.keywordsubtype="org" meta.entityname="Bonkers Toys" meta.hostid="261" meta.entityid="Bonkers Toys">Bonkers Toys</keyword> says it's selling well.</li></ul>Recently at my local Walmart, I saw a massive display in the main aisle of the toy section: It featured a plastic toilet, about a foot tall, with a ghoulish head sticking out. For $44.95, I could be the proud owner of the <a target="_blank" class="c-link c-link--underline" href="https://www.businessinsider.com/skibidi-toilet-is-good-actually-2023-10">Skibidi Toilet</a> — complete with <keyword id="23944930" type="General" weightage="20" keywordseo="toilet-themed-toys" source="keywords">toilet-themed toys</keyword> in the bowl. And in case you were wondering: Yes, it makes a flushing noise. If you've spent any time lately around someone who isn't old enough to drive, you've probably heard some utterance of the word "skibidi." I'll spare you the full summary of the <a href="https://www.businessinsider.com/skibidi-toilet-gen-z-alpha-memes-internet-culture-outdated-old-2023-7" target="_blank">Gen Alpha meme</a>, but the short form is: It's a YouTube series about a dystopian battle of good and evil (the toilet guys are the villains). My colleague Lindsay Dodgson <a href="https://www.businessinsider.com/skibidi-toilet-is-good-actually-2023-10" target="_blank">describes</a> it as "part 'Terminator,' part 'Bladerunner,' and obviously, part toilets." She says the series is actually good. What's interesting to me is that this absurd toilet meme appears to be doing a robust business in the toy aisle of your local discount store. I spoke with Dan Meyer, head of brands at Bonkers Toys, the company behind the flush. "Right away we noticed that it was exploding," Meyer said of the skibidi phenomenon online. Bonkers made a licensing deal and started pitching vendors on the toilet toy — an easy sell, he said. Bonkers started making prototypes of the toilet toy in early 2024 — and it's hit the shelves in time for the holiday season, a tight timeline. "When we're pitching it to [retailers], we had enough data to see that in middle schools and elementary schools, the term skibidi was already a thing," Meyer said. Bonkers could point to the YouTube views the Skibidi Toilet series had racked up — its channel has more than 40 million followers — or how if they searched Instagram, they'd find "hundreds and hundreds" of people dressed in homemade Skibidi Toilet costumes. Bonkers Toys, founded in 2017 in San Diego, has carved a niche for itself by licensing intellectual property from YouTube creators. Its first big toy was the giant "mystery egg" toy for Ryan's World. At the time, Ryan's World was one of the top channels on YouTube, a pioneer in the genre of "little kid opening toys." <div type="image" title="skibidi toilet toys" height="3000" width="3000" msid="115096128" hostid="261"></div>Bonkers' move into memes is in line with what retailers are trying to achieve, Blake Droesch, a senior retail analyst with BI sister company Emarketer, told me. He said big box stores like Walmart are trying to respond quickly to online trends, especially for toys. They need to move fast to compete with viral shopping on the likes of <a target="_blank" class="" href="https://www.businessinsider.com/why-gen-x-boomers-love-temu-2024-1">Temu</a>. "This environment has certainly created demand for manufacturers who can produce fast and cheap products that will serve this growing market," he said. "It's no different than fast fashion, but for toys. They respond quickly to viral moments and get products on the shelves while the trend is still hot." The original Skibidi Toilet was the creation of animator Alexey Gerasimov, who made it for his YouTube channel DaFuq!?Boom!, which has 44.3 million subscribers. Gerasimov has partnered with Invisible Narratives, a companyfounded by Adam Goodman, the former president of DreamWorks SKG and Paramount Pictures who works with YouTube creators to help them make the jump to more traditional media, like movies and TV. It also helps them with licensing their brands for merchandise, like Skibidi's deal with Bonkers. Merchandising, like with the toys from Bonkers Toys, is crucial to success for these new media brands, he said. "We believe that young people don't want to pay for content anymore," Goodman told Business Insider. "Their parents pay for subscriptions, and the don't really go to movies the way that they used to — but they like buying stuff." Skibidi Toilet is certainly not the first YouTube creation to enter into consumer merchandise. <a target="_blank" class="" href="https://www.businessinsider.com/how-mrbeast-pitches-brands-sponsorship-deals-jimmy-donaldson-youtube-2024-10">MrBeast</a> sells chocolates and premade lunches along with Logan Paul and KSI, who make the popular drink Prime. <div type="image" title="Skibidit toilet plush toy" height="3000" width="3000" msid="115096131" hostid="261"></div>Meyer wouldn't provide numbers on how many toilets they've sold, but so far, things are looking promising, he said. He said Bonkers' launch of a LankyBox-themed product about three years ago — which was another product centered on a YouTube creator — was one of the "biggest, most successful-selling brands in the boys' action aisle" at discounters, including Walmart. He said the Skibidi Toilet was outselling LankyBox by around double. (Walmart didn't respond to requests for comment on sales numbers.) Right now, there are only a few Skibidi Toilet-theme products from Bonkers: individual action figures, mini-figures, plushes (aw, cute), and the aforementioned "mystery" toilet, which includes stickers, minifigures, and lanyards. But there will be more products for next year, Meyer said — including what every little boy and girl dreams of getting from Santa: a remote-controlled toilet bowl. Correction: November 8, 2024 — In the Skibidi Toilet YouTube series, the toilet guys are the bad guys, not the good guys.

Dear Santa: Please bring me a Skibidi Toilet for Christmas

In today’s customer-centric market, businesses must align product design, processes, and delivery with the needs of the customers. However, the manufacturing sector faces several challenges, including extended time to market, wastage,and design inefficiencies. Other key challenges include maintaining operational efficiency while reducing downtime. Ensuring that the product meets the required quality standards is time-consuming and expensive. In a competitive marketplace, these issues can hinder the success of a business. While technologies like Artificial Intelligence (AI), Robotic Process Automation (RPA), Machine Language (ML), etc., have addressed many of these challenges, there is still room for improvement. Enter <keyword id="14248037" type="General" weightage="100" keywordseo="digital-twin-technology" source="Orion">digital twin technology</keyword>: the key to <keyword id="3108381" type="General" weightage="20" keywordseo="smart-manufacturing" source="Orion">smart manufacturing</keyword>! Digital twin technology has rapidly gained popularity across various industrial sectors! , Infact, the global digital twin market, <a href="https://www.fortunebusinessinsights.com/digital-twin-market-106246">valued </a>at $12.91 billion in 2023 is expected to grow at a compound annual growth rate (CAGR) of 39.8% from 2023 to 2032. A 2022 report by Research and Markets highlights that 60% of executives across diverse industries plan to integrate digital twin technology in their projects to boost revenue. But why is digital twin technology making huge strides in the industrial sector? Let’s explore the details of this path-breaking technology! <h2>What is digital twin technology?</h2>A digital twin is essentially the virtual representation of physical products during different stages of their lifecycle. This can include real devices, objects, machines, services, intangible assets, and more. By connecting virtual models to their real devices, digital twins provide a detailed and dynamic representation of the physical objects they emulate. Continuous data transmission ensures that the virtual models remain in sync with the real objects. <h2>How does the digital twin make manufacturing smart?</h2>In manufacturing digital twins can be generated for various real-life scenarios like assets, specific production lines, end products, etc. These digital representations offer deep insights and visibility into production processes. Manufacturing involves a complex network of processes and products with several data points. These data points describe products, assets, entire lines, processes, etc. The digital twin replicates the manufacturing operations to capture, map, and structure the process variables in a continuously updated database. <h2>Technologies used in digital twin deployment</h2><ul><li>Internet of Things (IoT): IoT sensors enable continuous data transmission. </li><li>Cloud computing: Helps in storing large volumes of data that can be accessed by various stakeholders. </li><li>AI: AI gathers data and provides valuable insights. AI also makes accurate forecasts. </li><li>Extended Reality (XR): XR technology facilitates digital modelling of physical objects and processes. </li></ul><h2>Benefits of the digital twin in manufacturing</h2>1. Risk mitigation Businesses can test and validate a product before physical production begins. This helps identify potential process failures early and mitigates risks by simulating various scenarios. 2. Facilitates predictive maintenance The data provided by the simulation model helps identify the bottlenecks in the system. It helps in scheduling preventive maintenance accurately which lowers maintenance costs and boosts production line efficiency. 3. Real-time monitoring and control One of the biggest challenges in manufacturing is getting an in-depth view of the system in real time. A digital twin helps overcome this challenge by facilitating remote monitoring and control of the process by providing real-time data. 4. Seamless collaboration A digital twin offers a single point of truth for different stakeholders. They can access data 24/7 and collaborate through a single platform for better outcomes. 5. Data-backed decisions Large volumes of real-time data and advanced analytics facilitate better and faster decision-making regarding the adjustments in the manufacturing system. 6. Delights customers Digital twin technology facilitates the simulation of different product variations in a virtual environment. This helps manufacturers build customised products efficiently and cost-effectively, enhancing customer experience. There was a time when physical proximity and inspection were the most effective ways to gain insights into the status of operating equipment. Digital twin technology has offered an innovative method to gain these insights by virtualising real processes/products. This innovation allows businesses to create, test, and build equipment in a virtual environment, moving to production only when the virtual model meets all criteria. This reduces waste, optimises costs, and makes manufacturing more agile, resilient, and efficient. It’s no wonder the digital twin market in manufacturing is projected to reach $48.2 billion by 2026. Disclaimer: This article is authored by Raja V., BPM Expert. The opinions expressed are those of the author and do not necessarily reflect the views of Business Insider India. This article is published by the Insider Studios team. You can get in touch with them on <a href="mailto:insiderstudios@businessinsider.in">insiderstudios@businessinsider.in</a>.

How digital twin technology is revolutionising smart manufacturing

As India celebrates ten years of the ambitious '<keyword id="20018809" type="General" weightage="20" keywordseo="Make-in-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Make in India" meta.hostid="153" meta.entityid="Make in India">Make in India</keyword>' initiative, Union Commerce and Industry Minister <keyword id="19895367" type="General" weightage="100" keywordseo="Piyush-Goyal" source="keywords">Piyush Goyal</keyword> has revealed its profound impact on the nation’s manufacturing and economic landscape. Speaking on Wednesday, Goyal talked about the key milestones achieved since the initiative’s inception, especially the dramatic decline in mobile phone imports and a surge in domestic production. Goyal said how there has been the near-total localisation of mobile phone manufacturing. He noted that prior to the launch of 'Make in India' in 2014, India’s mobile phone imports stood at a staggering ₹48,609 crore. However, in 2023-24, that figure has plummeted to just ₹7,665 crore, marking an impressive 85% reduction. But the transformation goes beyond the mobile industry. <keyword id="22266334" type="General" weightage="20" keywordseo="manufacturing-jobs" source="keywords">Manufacturing jobs</keyword> have also seen a staggering 200% increase between 2022 and 2024 according to Goyal, providing livelihoods and boosting the industrial workforce. Goyal praised this growth, underscoring that 'Make in India' has become a national movement, driving India closer to its goal of becoming a global manufacturing powerhouse. In a post shared on X, the minister expressed his pride in the initiative’s achievements: "Today marks #10YearsOfMakeInIndia, a transformative initiative launched by PM@NarendraModiji in 2014, which has revolutionised India's manufacturing landscape and strengthened our economic growth. Over the past decade, @MakeInIndiahas become a national force, paving the way for our country to emerge as a Global Manufacturing Hub," he wrote. Launched in 2014 by Prime Minister Narendra Modi, the ‘Make in India’ initiative was conceived to transform India into a global manufacturing hub, reduce import dependency, and create jobs.

Manufacturing jobs in India grew by 200 percent in last 2 years, says Piyush Goyal

<ul class="summary-list"><li>South Korean companies invested more in the US in 2023 than any other country, per UN data.</li><li>The Inflation Reduction Act and CHIPS Act offer financial incentives for American-manufactured EVs, batteries, and chips.</li></ul>South Korean companies are investing billions of dollars in the US to take advantage of two big laws meant to boost American manufacturing.According to a <a target="_blank" class="" href="https://www.ft.com/content/dbc8208c-7fe2-41bf-a50d-f66abc65fde6">Financial Times</a> analysis of United Nations data, South Korean companies invested $21.5 billion in US projects in 2023, more than any other country. South Korea overtook Taiwan, which held the top spot in 2022.Samsung, LG, and Hyundai are among the South Korean companies committing billions of dollars to build facilities in the US to manufacture electric vehicles, batteries, and semiconductor chips. Much of the money is flowing to <a target="_blank" class="" href="https://www.businessinsider.com/best-economy-us-south-texas-florida-houston-dallas-nashville-miami-2023-12">southern states</a>, boosting jobs in the so-called <a target="_blank" class="" href="https://www.businessinsider.com/georgia-electric-vehicle-battery-manufacturing-inflation-reduction-act-clean-energy-2024-9">Battery Belt</a>.Yeo Han-koo, former trade minister of the Republic of Korea and a senior fellow at the Peterson Institute of International Economics, told Business Insider that US and South Korean interests in emerging technologies are perfectly aligned.Amid geopolitical uncertainty, the Biden administration is aiming to decouple US <a target="_blank" href="https://www.businessinsider.com/us-china-trade-war-tariffs-economy-election-janet-yellen-manufacturing-2024-4">supply chains from China</a> to compete in the <a target="_blank" class="" href="https://www.businessinsider.com/china-electric-vehicles-government-subsidies-win-ev-race-byd-tesla-2024-6">EV and chips race</a>. Meanwhile, South Korea — a longtime US ally — aims to build its global profile in high-tech and auto manufacturing.In particular, Yeo said, the 2022 Inflation Reduction Act and CHIPS and Science Act provide financial incentives for companies to invest in green technology in the US, bolstering South Korean commitments."In addition to these new geopolitical factors, these massive subsidies and tax incentives from the IRA and the CHIPS and Science Act really provide a good motivation for these Korean companies to invest in the US," Yeo said.<h2 id="b759499f-886b-4c14-8bae-91a8ccc1e284">South Korean companies are creating green tech jobs in the US</h2>According to the Financial Times analysis, over half of South Korea's outbound investments went to the US in 2023, up from 18% in 2019. During that same time, South Korean outbound investment in China decreased from 11% to 1%.Over a third of Korean project announcements in the US in 2023 were in the automotive or electronics sectors, including a <a target="_blank" class="" href="https://www.businessinsider.com/georgia-electric-vehicle-battery-manufacturing-inflation-reduction-act-clean-energy-2024-9">Kia plant in Georgia</a> set to take advantage of the IRA's $7,500 tax credit for buyers of US-made EVs.Similarly, in February, Hyundai <a target="_blank" rel=" nofollow" class="" href="https://www.prnewswire.com/news-releases/hyundai-announces-new-production-start-date-at-metaplant-america-during-hyundai-day-in-georgia-302071754.html#:~:text=Hyundai%20Motor%20Group%20is%20investing,that%20will%20employ%203%2C500%20workers.">announced</a> over $7 billion in investment in production facilities in Georgia. The company estimates their investments will create nearly 40,000 jobs in the state.And South Korean investments span across multiple states, mainly in the South. Samsung <a target="_blank" href="https://www.americanprogress.org/article/new-samsung-semiconductor-plant-in-taylor-texas/#:~:text=Samsung%20invested%20approximately%20%2417%20billion,artificial%20intelligence%20(AI)%20purposes">invested</a> $17 billion in a semiconductor plant in Texas that is expected to create thousands of jobs. LG recently <a target="_blank" href="https://www.queencreekaz.gov/Home/Components/News/News/13041/13">invested</a> $5.5 billion in building a battery plant in Arizona.Additionally, SK Hynix, Inc. <a target="_blank" href="https://news.skhynix.com/sk-hynix-signs-investment-agreement-of-advanced-chip-packaging-with-indiana/">announced</a> a $3.87 billion plant in Indiana to produce chips for AI products. The plant is expected to create nearly 1,000 jobs by 2030.Yeo said South Korea has an interest in becoming a competing player in emerging technologies, and the US needs allies to bolster its manufacturing."Reviving US manufacturing will be one of the most important economic policy objectives, but I mean, the US cannot do it alone," Yeo said. "The US needs a kind of partner in rebuilding this manufacturing, especially in these emerging new industries and supply chains."In the past decade, South Korean companies have <a target="_blank" href="https://gov.texas.gov/uploads/files/business/SouthKorea-Profile.pdf">created</a> about 7,000 jobs in Texas and <a target="_blank" class="" href="https://iedc.in.gov/events/news/details/2024/03/04/indiana-to-promote-booming-battery-ev-ecosystems-to-industry-leaders-in-south-korea">nearly 8,000 jobs</a> in Indiana.As the US reenergizes its manufacturing industries, Biden's inflation-fighting laws include provisions excluding businesses with supply chains connected with "foreign entities of concern," like China, Yeo said, to guarantee competition."Once you get the US subsidies, you are limited in terms of your flexibility to invest in China," Yeo said.Those provisions have incentivized South Korean companies to divert from China and focus more on the US.In May, South Korea's Ministry of Trade, Industry and Energy announced it committed $7 billion toward moving its supply chains away from China to further comply with US rules, according to <a target="_blank" class="" href="https://www.wsj.com/business/south-korea-plans-7-billion-push-to-pivot-ev-battery-industry-away-from-china-1fa1f189">The Wall Street Journal</a>.Furthermore, as high-tech products like EV batteries become a primary focus for US manufacturing, it makes business sense for South Korean companies to invest in plants directly in the US, Yeo said."These batteries, for example, are very bulky products," Yeo said, referring to EV batteries, which he said are cumbersome to ship. "So I think in the case of the battery industry, I think it also makes commercial sense to locate those factories close to the final market or end users."South Korean companies like LG and Samsung are designed to be global, Yeo said, and the US is often a target destination for large corporations.According to World Bank <a target="_blank" class="" href="https://data.worldbank.org/indicator/SP.POP.TOTL?locations=US">data</a>, the US population is above 330 million, while South Korea's population is just above 50 million."The US is the biggest market right now, and also still, the US market is considered to be very sophisticated," Yeo said. "When these global companies roll out new products, new technologies, they need to test it in the US market."To be sure, Yeo said it's important to recognize that trade is a complicated picture. China has been and continues to be one of South Korea's largest trading partners. While this moment provides business opportunities for South Korean companies in the US, the looming geopolitical tension with China creates uncertainty."With this geopolitical tension arising between the US and China, a lot of Korean businesses who had invested in China and had big kind of China operation are really kind of being squeezed between the US and China," he said.South Korean companies are committing to the US right now, but Yeo said political uncertainty over the presidential election encourages caution for international business."Korean companies have a first-mover advantage at the moment, but now also they are facing potential risk, depending on the outcome of the November election in the US," Yeo said.Nonetheless, Yeo said these investments would likely not make business sense without the subsidies and incentives provided by the Biden Administration's focus on manufacturing."Because of this combination of all these factors you see right now," he said, "Korean investments are really flooding into the US market." Are you trying to get a job building EVs or AI chips? Reach out at <a target="_blank" class="" href="mailto:jtowfighi@businessinsider.com">jtowfighi@businessinsider.com</a>

South Korea is going big on American manufacturing. The Battery Belt could benefit the most.

<ul class="summary-list"><li>Putin has been pledging that his country can focus on both "guns and butter" as it fights in Ukraine.</li><li>Yet it's precisely butter that's been a headache for Russia, with a 25.7% price increase this year.</li></ul>A year into his war on Ukraine, Russian leader Vladimir Putin told his country that its new focus on weapons production wouldn't tank its economy."There is a well-known phrase: guns instead of butter," Putin said <a target="_blank" class="" href="https://www.rbc.ru/economics/21/02/2023/63f496049a79475942fefc7d">last February.</a>"The country's defense is, of course, the most important priority, but, in solving strategic tasks in this area, we must not repeat the mistakes of the past, we must not destroy our own economy," he said, citing <a target="_blank" class="" href="https://www.businessinsider.com/100-million-tons-russian-wheat-piling-up-food-crisis-2022-9">burgeoning wheat production</a> at the time.<a target="_blank" class="" href="https://tass.ru/armiya-i-opk/20806247">In May, Putin once again ordered his government</a> to continue aiming for that goal, telling officials to focus on both "guns and butter" — rejecting the adage that countries have to choose between military and civilian spending.Yet as the war grinds on, the last few months have been especially rough on Russian consumers. Inflation rates in August and September climbed to their highest since early 2023, when Putin first made his speech propping up the civilian economy.By the end of October, the price of butter in Russia was up 25.7% compared to December 2023, per <a target="_blank" class="" href="https://rosstat.gov.ru/storage/mediabank/170_30-10-2024.html">government statistics.</a>Not all grocery or dairy prices are running up at such a rate. The next-largest increase involved lamb, which rose 21.48%, while milk rose 12.75% in the same period.<h2 id="e989b31e-8dfe-4e0e-810d-655ddb2dfddd">'Armageddon with butter'</h2>Still, the overall trend has raised fears of a return in Russia to 2022's surging inflation rates or the <a target="_blank" href="https://www.businessinsider.com/russia-economy-outlook-stagflation-recession-inflation-gdp-growth-ukraine-war-2024-9">possibility of a recession.</a>"What is especially frightening is the fact that the acceleration is associated with a unanimous increase in prices across the entire basket. Of the 107 items included in the weekly basket, 84 went up in price," wrote economists on the MMI Telegram channel, a <a target="_blank" class="" href="https://t.me/russianmacro/20015">Russian group that provides analysis on inflation.</a>As government statistics showed butter rising by up to 1.9% weekly in late October, the same channel warned of an <a target="_blank" class="" href="https://t.me/russianmacro/19984">"armageddon with butter"</a> and said Russia could see a repeat of its 40% <a target="_blank" class="" href="https://www.businessinsider.com/vladimir-putin-russia-economy-egg-price-crisis-soviet-union-ukraine-2024-1">egg price surge from November 2023.</a>The soaring prices made national headlines earlier this month when Russian media reported a series of butter-related supermarket thefts.The <a target="_blank" href="https://egpetqycqyosvurg.1tw.live/news/2024/10/29/v-moskve-soversheno-razboynoe-napadenie-na-pyaterochku-pohischeny-25-pachek-slivochnogo-masla">independent outlet Meduza</a> reported that one robbery in Moscow involved 25 packs of butter stolen by two men.Even state media has addressed the issue, with the <a target="_blank" class="" href="https://rg.ru/2024/10/27/zhirnyj-minus.html">government-run Rossiyskaya Gazeta</a> writing that some stores were putting butter in protective boxes.Federal officials have since met with dairy producers in a bid to curb the cost hikes, though the local union's statement in late October promised only that it would <a target="_blank" href="https://www.souzmoloko.ru/news/news_6936.html">monitor prices weekly</a><a target="_blank" class="" href="https://www.souzmoloko.ru/news/news_6936.html">.</a><h2 id="28f27be9-d8d6-4027-9a56-9a381850752d">Why butter prices are on the rise</h2>A week before that meeting, the same union <a target="_blank" class="" href="https://www.souzmoloko.ru/news/news_6924.html">said</a> the country wasn't experiencing a butter shortage, but added that about 25% of local butter consumption comes from foreign suppliers.Much of those imports previously came from countries in Latin America, which dropped their butter shipments from <a target="_blank" class="" href="https://interfax.com/newsroom/top-stories/107343/">25,000 tons to 2,800 tons</a> yearly amid Western sanctions on Moscow.Another major dairy supplier complying with wartime sanctions, New Zealand, <a target="_blank" class="" href="https://www.mfat.govt.nz/assets/Trade-General/Trade-Market-reports/Potential-impacts-of-a-Russia-Ukraine-conflict-on-the-New-Zealand-economy.pdf">sold $88.8 million</a> worth of butter to Russia yearly before the invasion began.To fill the butter void, Moscow has since been turning to friendlier nations such as <a target="_blank" class="" href="https://tass.ru/ekonomika/22273391">Turkey</a> and the <a target="_blank" class="" href="https://www.reuters.com/markets/commodities/russia-turns-uae-turkey-butter-contain-soaring-prices-2024-11-02/">United Arab Emirates</a>, which previously only supplied about 90 tons yearly to Russia.The price turmoil continues to play out as Russia leans its economy further into weapons manufacturing to maintain the invasion of Ukraine, which has now increasingly turned into a <a target="_blank" class="" href="https://www.businessinsider.com/ukraine-needs-to-stop-fighting-the-war-russia-wants-2024-6">grinding war of attrition</a> in manpower and equipment.Russia is expected to spend <a target="_blank" class="" href="https://www.businessinsider.com/russias-defense-sector-on-overdrive-but-firms-warn-of-collapse-2024-11">$140 billion on its defense industry in 2024</a>, up to $145 billion in 2025, or 6.3% of its GDP.That could spell even more bad news for Russian consumers, with economists expecting <a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-tax-hikes-putin-high-earners-corporations-ukraine-war-2024-3">further tax hikes</a> beyond the announced reforms for 2025 to keep up with <a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-moscow-businesses-taxes-discount-asset-sales-ukraine-war-2024-10">military spending.</a>

You Searched For "difference between manufacturing and production" and got 9 results

Tata to buy a majority stake in Pegatron's iPhone plant in India

Sourabh Jain

Yogurt vs. greek yogurt: exploring the key differences in dairy products

BI India Bureau

What's the difference between MSG and table salt? A chemist explains

PTI

India's cement industry expected to grow to 5.09 billion tonnes by 2028-29 amid infrastructure push: Report

BI India Bureau

Dear Santa: Please bring me a Skibidi Toilet for Christmas

Katie Notopoulos

How digital twin technology is revolutionising smart manufacturing

Raja V

Manufacturing jobs in India grew by 200 percent in last 2 years, says Piyush Goyal

BI India Bureau

South Korea is going big on American manufacturing. The Battery Belt could benefit the most.

John Towfighi

Putin said Russia wouldn't have to choose between guns or butter. The price of butter is soaring.

Matthew Loh

Popular Keywords

Buying Guides