Japan’s leadership in shipbuilding technology: A global powerhouse
Shipbuilding industry was a major driver of the country’s postwar economic recovery, as Japan focused on building advanced merchant ships, tankers, and cargo vessels.
Manufacturing
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Singapore faces urgent need to expand tech workforce for economic growth
Singapore’s ambition to remain a global hub for innovation and technology-driven industries has led to a growing demand for skilled professionals in fields such as artificial intelligence (AI), cybersecurity, data science, and software engineering.
Toyotetsu India to invest rs 450 crore for new plant in Bidadi, boosting Karnataka’s industrial growth
The investment by Toyotetsu India is part of a larger package of approvals given by the Karnataka Single Window Clearance Committee (SLSWCC) on August 17. The committee, chaired by Karnataka Minister for Large, Medium Industries, and Infrastructure, MB Patil, approved a total of 20 projects amounting to Rs 2,280.52 crore.
Japan tightens foreign trade regulations on chipmaking equipment
The new measures place chipmaking equipment manufacturers on the country's list of "core business sectors," which highlights their critical role in the economy and national security.
Interarch Building Products set to launch IPO next week
Interarch Building Products saw a remarkable 375.54% surge in profit after tax for fiscal year 2023, reaching Rs 81.46 crore, compared to Rs 17.13 crore the previous year. This was primarily driven by increased revenue from pre-engineered building contracts and product sales, reflecting the company's strong market position.
Ceylon chamber of commerce unveils vision 2030 blueprint for economic growth
The Vision 2030 blueprint, developed in collaboration with industry experts, business leaders, and policymakers, addresses key sectors crucial to Sri Lanka’s economic advancement. It emphasizes innovation, sustainability, and inclusivity as core principles guiding the country's future development.
Indonesia’s Batang special economic zone aims to attract global factories
The zone is targeting industries such as manufacturing, electronics, and textiles, aiming to leverage its strategic location and favorable trade policies to draw international companies looking to expand in Southeast Asia.
China’s industrial output rises 5.6% in May amid economic recovery
China's industrial output increased by 5.6% year-on-year in May, driven by strong manufacturing and high-tech sector growth.
Kia’s Gwangmyeong plant completes upgrade for electric vehicle production
The Gwangmyeong plant, previously producing vehicles for export, underwent significant upgrades to accommodate the production of electric cars. Kia aims to diversify its EV lineup, which currently includes the mid-sized EV5, EV6, and large-sized EV9, with the introduction of the smaller EV3 and EV4.
Taiwan’s manufacturing sector rebounds: 2,200 workers return as global demand soars
This decline is particularly significant as it reflects a positive shift in the economic landscape, with increased demand leading to a boost in manufacturing activities. Of the 2,202 workers brought back to work on a full-time basis, a significant portion—2,158—find employment in the export-oriented manufacturing sector.
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