QUANTUM SUPPLY CHAINS
AI drinks energy up - quantum computing will work to our advantage, but the tech is new
The rapid advancement of computing over the past 70 years, driven by increases in computing power, has revolutionized various sectors such as banking, communication, healthcare, product design, and warfare. Semiconductor chip technology plays a crucial role in this growth. However, the future of computing faces a significant challenge due to the increasing power needs of AI innovations like ChatGPT. This surge in demand poses a threat to the sustainability of global energy resources and the environment.
US trade body approves funding to develop integrated aviation hub in Hissar
The US Trade and Development Agency supports the establishment of an integrated aviation hub at Hisar Airport in Haryana, aiming to strengthen India's supply chain network through enhanced cargo and logistics infrastructure. The agency's collaboration with the Haryana Airports Development Corporation reflects a shared commitment to advancing aviation capabilities in the region.
US, Japan, Philippines strike deals on defense, investment at leaders' summit
Japanese Prime Minister Fumio Kishida, U.S. President Joe Biden, and Philippines President Ferdinand Marcos Jr. unveiled agreements to boost security and economic ties at the White House. Highlights include military upgrades, potential Japanese involvement in the AUKUS pact, Microsoft's $2.9 billion investment in Japan, joint AI research, Japan's participation in the Artemis moon project, and a partnership on nuclear fusion. Plans for a high-speed rail in the U.S. using Japanese bullet trains and new investments in the Philippines were also announced.
India, US, South Korea explore cooperation in tech sector
The US embassy said the three sides committed to expand cooperation on critical and emerging technologies in support of shared economic national security interests, including spurring innovation and economic growth and delivering technology solutions for the broader Indo-Pacific region.
China to step up quantum computing, AI in tech self-sufficiency drive
It will also step up efforts in big data and artificial intelligence (AI) and intends to launch a number of major science and technology programmes to meet major strategic and industrial development goals, the report shows.
World needs India to become reliable challenger to China's supply-chain dominance: Anand Mahindra
Stressing that "a New Year is special because it always symbolises a new beginning", he said, "No matter how dark the year has gone by, the human spirit has an abiding capacity for hope. 2023 was a year characterised by conflict, climate change and a sluggish post-Covid recovery. The year ended with the world crying out for renewal."
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Bengaluru Tech Summit | Supply ecosystem biggest gap in Indian semiconductor industry: industry execs
Industry executives weighed in on challenges and an absence of a supply and manufacturing ecosystem for semiconductors, at the Bengaluru Tech Summit.
Niti plan in works to lower reliance of India's supply chains on China
India is developing a plan to reduce its reliance on China for supply chains. The Niti Aayog is working on the strategy, which aims to address the trade deficit with China and secure supply chains from geopolitical risks. The plan will include measures such as tariff and non-tariff barriers, regulatory changes, and supply diversification. A consultancy firm will be engaged to review India-China trade and make recommendations. India ran the highest trade deficit with China in FY23, highlighting the need for focused intervention to de-risk supply chains.
Micron sets stage for India to be a trusted global supply chain partner: MoS IT Rajeev Chandrasekhar
The upcoming $2.75 billion Micron Technology's facility in India proves that the growth in the country's semiconductor ecosystem will soon manifest itself in myriad ways, propelling the country into the top tier of advanced semiconductor manufacturing in years to come, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, said here on Friday.
US President Joe Biden orders ban on US investments in China’s sensitive high-tech industries
The order is aimed at preventing American capital and expertise from helping China develop technologies that could support its military modernization and undermine US national security.
China says US investment policy 'severely disrupts' global supply chains
US President Joe Biden hours earlier announced an executive order directing the Treasury Department to restrict certain US investments in China in sensitive high-tech sectors including semiconductors, quantum computing and artificial intelligence.
Joe Biden to restrict investments in China, citing national security threats
The measure would be one of the first significant steps the United States has taken amid an economic clash with China to clamp down on outgoing financial flows. It could set the stage for more restrictions on investments between the two countries in the years to come.
Semiconductor plan powerful case for Make in India, make for world: External affairs minister S Jaishankar
He told top executives of leading global semiconductor firms that their decisions and relationships have implications far beyond immediate business and can contribute to re-engineering the global economy.
Quantum boost for global supply chains
Quantum computing provides an opportunity businesses to solve complex problems by boosting data-driven decision-making.
NSA Doval’s message to China: Depoliticise UNSC sanctions committee
NSA participated in the 13th BRICS NSA meeting in Johannesburg on Tuesday and in message for China affirmed that that the “decision making of the UNSC sanctions committee is free from politicization and double standards”.
Xi’s metal curbs risk backfiring as G-7 seeks China alternative
China's announcement of an export licensing system for gallium and germanium has highlighted its dominant position in producing these metals, which are crucial for making chips, electric cars, and telecommunications equipment. The move is viewed as China's retaliation against export controls imposed by the US, Europe, and Japan, but it may also backfire and speed up efforts by other countries to reduce their dependence on China's supply.
Prime Minister Modi's US visit may boost semiconductor supply chain pact
Indian Prime Minister Narendra Modi's visit to the US is expected to boost the Indo-US technology partnership by announcing major developments in the establishment of a new semiconductor supply chain. Meetings with top 20 US companies' CEOs, including Mastercard, Accenture, Adobe, Coca-Cola and Visa, have also been scheduled.
PM Modi's US visit designed to remove defence, high-tech trade obstacles, says Jake Sullivan
"As we look ahead to the state visit Prime Minister Modi will be embarking upon in Washington next week... a number of the deliverables at the visit are not just bullet points on a page," Sullivan said here at the second Track 1.5 dialogue on iCET organised by the Confederation of Indian Industry following his restricted format talks with Doval.
India can compete with China on manufacturing, benefit Quad nations, says Quin chairman
India can play a crucial role in developing critical technologies being identified by the Quad nations, according to Karl Mehta, chairman of the Quad Investment Network. Mehta said India had a large talent base and the potential to become a leading manufacturing hub outside of China. The network, which is made up of investors and executives across the Quad countries, has identified nine technological areas it believes are crucial for supply chains, including clean energy, biotechnology, cybersecurity, defence tech, health tech, mobility, semiconductors, quantum technologies and space tech.
EU approves $8.7 billion of state aid for tech innovation projects
The European Commission has approved 8.1 billion euros ($8.7 billion) of state aid for microelectronics and communication technology projects as part of the European Union's drive to be at the cutting edge of technological innovation.
India, US finalise roadmap for fast-tracking defence tech transfer, co-development of military platforms
The new framework for cooperation was finalised during talks between Defence Minister Rajnath Singh and his visiting American counterpart Lloyd Austin, two weeks ahead of Prime Minister Narendra Modi's state visit to Washington.
India, EU to work on rules, standards for tech industry: MoS IT Rajeev Chandrasekhar
The minister said with the EU and US partnerships in place, India will now play a key role in defining the future of technology, as well as that of trade.
How innovation can make the world more sustainable
Ranging from renewable energy to transportation, agriculture, construction, healthcare, and manufacturing, innovative technologies hold the potential to create a brighter and more sustainable future for all of us. The increasing adoption and research of renewable energy technologies, such as solar panels, wind turbines, floating solar panels, green hydrogen, carbon capture, bioenergy, tidal/wave energy, geothermal energy, and hydrogen fuel cells, signals a shift towards clean energy and reduced reliance on fossil fuels.
India's textile industry poised for a quantum leap as Prime Minister announces PM MITRA scheme
Inspired by the PM's 5F vision - Farm to Fibre to Factory to Fashion to Foreign - the PM MITRA scheme is a major step forward to achieve Aatmanirbhar Bharat and 'Vocal for Local'. The mega parks will help the sector achieve its target of a turnover of $250 billion and exports of $100 billion by 2030.
Building resilient semiconductor supply chains key focus area of US-India iCET partnership
The first inaugural meeting under Critical and Emerging Technology (iCET) was hosted by the US-India Business Council with US Secretary of Commerce Gina Raimondo, US National Security Advisor Jake Sullivan, and Indian National Security Advisor Ajit Doval, and other senior US and Indian officials.
Leasing of warehousing, logistics space down 9% across 7 cities in Jan-June
The Delhi-NCR market saw leasing of 2.8 million square feet, followed by Pune 2.45 million square feet, Mumbai 2.17 million square feet, Bengaluru 1.8 million square feet, Chennai 1.5 million square feet, Hyderabad 1.4 million square feet and Kolkata 1.04 million square feet.
Integration with the global markets and supply chain is our major agenda: PM at GIFT CITY
Prime Minister Modi articulated the country’s collective ambition of building India as a financial powerhouse, seeking to establish GIFT City as a centre of excellence that will rival the continent's credentialed money hubs. “I want GIFT to be a gateway for global equity and debt capital for sustainable development,” the Prime Minister said. “GIFT should compete with the centres in Dubai and Singapore.”
ETMarkets Smart Talk: Railway infrastructure & defence sectors immune to inflation & GDP growth rates: Dr Vikas Gupta
"The uncertainty in the market is likely to continue for a few months. We don’t see any major threats. Rather, there could be upside surprises since all the above factors are already known to the markets. We think the next 3-6 months is a great opportunity to deploy capital from a long-term perspective, both in Indian and global markets."
Inflation conundrum: The need to tackle supply-side disruptions without dampening economic recovery
Since the onset of the conflict in Ukraine, the Rupee has marginally declined from Rs 74.5 to a dollar to Rs 77 a dollar.
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