HKC
Revenue growth to be quite significant for next 2 financial years: Saurabh Gupta, Dixon Technologies
I do not want to give you guidance on any number, but clearly the order book looks extremely healthy, not only across mobile vertical which is the largest trigger for our growth, I think so even IT hardware opportunities looking very promising.
Govt starts taking call on Chinese investments, Indian cos Press (Note) 3
Dixon Technologies is preparing to file for Press Note 3 clearance for its proposed joint venture with HKC Corp for manufacturing liquid crystal modules, thin film transistor liquid crystal display modules and assembly of smartphones and televisions. Dixon will own majority shares. Following border tensions, the Indian government began looking askance at investments by Chinese companies in India.
Dixon Technologies to invest Rs 1,500-1,800 cr in India over next three years
The poster boy of Indian contract manufacturing will generate the funds from internal accruals based on cash flow. Lall said this year itself, the company will invest over Rs 500 crore and will not shy away from raising funds for any big ticket acquisitions. Dixon is also looking to venture into the electric vehicle space with manufacturing of components like electronics modules.
Vedanta Group appoints Y J Chen as chief of display business
Y J Chen, who has held senior positions at Innolux, Xiamen and GIP over a career spanning 23 years, joins the Vedanta group from Chinese display company HKC Corp, where he was the executive vice president.
Vedanta deepens tech push with $4 billion India display factory
Even as it’s suffering from a heavy debt load, billionaire Anil Agarwal’s metals and mining conglomerate is expanding in electronics components to take advantage of India’s push to become a technology manufacturing hub. The display business is separate from Vedanta’s struggling chip venture and may find an easier path to success as it’s a less techically demanding undertaking.
Apple supplier Japan Display teams up with China's HKC as it seeks turnaround
News of the tie-up, coming against the backdrop of Washington's recent push to curb China's ability to make advanced chips, sent Japan Display's shares up more than 13%, putting them on track for their biggest one-day gain in a year.
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Domestic ship-breaking industry's revenue to rise by 10% this fiscal, says Crisil
Further, with India enacting the Recycling of Ships Act, 2019, and joining the Hong Kong International Convention (HKC), which sets the standards for ship recycling the move has bolstered the country's leadership position globally, it said.
Budget: Inefficient ports to see private participation, but exporters say present struggle across logistics will continue
While Finance Minister Nirmala Sitharaman announced private partnership initiatives for major ports to improve efficiencies, exporters rue that these measures fall short of what was expected in the short term.
Budget 2021: Ship Recycling capacity to double by 2024, generate 1.5 lakh jobs
India has enacted Recycling of Ships Act, 2019 and acceded to the Hong Kong International Convention.
Momentous occasion for Alang as historic warship INS Viraat set for dismantling
This Centaur-class aircraft carrier of Indian Navy that remained in service for almost 30 years and holds the Guinness record for world's longest serving warship will be dismantled here at Alang, one of the largest shipbreaking yards globally.
Can a new ship-recycling law help India regain its status as the world’s top dismantler of vessels?
India used to be the world leader in the industry before competition from Bangladesh became too hot to handle.
India will have advantage over Bangladesh in ship recycling: Mansukh Mandaviya
India’s accession to the Hong Kong International Convention (HKC) and the enactment of the Recycling of Ships Act, 2019, will certainly change the perception of the world about sending their vessels to India for recycling, says Mansukh Mandaviya, minister of state (independent charge) for shipping.
At Alang shipbreaking yard, worker safety remains a dusty dream
Going the whole nine yards in Alang, the ship graveyard of the world, where worker safety and benefits are still a dusty, murky pipe dream.
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