Current Affairs PDF Sales

TN’s Guidance & WEF to Setup India’s & South Asia’s 1st Advanced Manufacturing Hub

AffairsCloud YouTube Channel - Click Here

TN & WEF to set up India's 1st advanced manufacturing hub newOn October 7, 2020, Guidance, a nodal investment promotion and facilitation agency of Tamil Nadu (TN) located in Chennai has joined hands with the World Economic Forum (WEF) in set up India’s and South Asia’s first advanced manufacturing hub (AMHUB) in Tamil Nadu.This collaboration is in line with the Tamil Nadu Electronics Hardware Manufacturing Policy 2020.

  • The partnership agreement was witnessed by Neeraj Mittal, Managing Director (MD) & Chief Executive Officer (CEO), Guidance, Francisco Betti, Head of Advanced Manufacturing and Production, WEF and Ion Cronin, Project Lead, Advanced Manufacturing & Production, WEF.
  • Notably, AMHUB is one of the 19 platforms designed by the WEF.

About Tamil Nadu Electronics Hardware Manufacturing Policy 2020:

In September 2020, Tamil Nadu released its Electronics Hardware Manufacturing Policy 2020 to facilitate foreign investment in electronic systems design and manufacturing (ESDM) for the growth of indigenous startups. The state’s focus is to raise its manufacturing output to US$100 billion by 2025 accounting 25% of India’s total electronics exports, and skilling of more than 100,000 people by 2024

How will AMHUB benefit the state?

–It will provide opportunities in the sectors of electronics, electric mobility, solar energy and textiles through collaboration with AMHUB.

–It will aid in production by identifying and addressing regional opportunities brought by the Fourth Industrial Revolution (4IR).

–Through this regional success stories will be shared with other AMHUBs and vice versa for best practices.

–In the area of workforce upskilling/reskilling, it will help us identify skill gaps and bridge them from global experience.

–It will also promote sustainable manufacturing to accelerate the carbon-neutral manufacturing industry.

–AMHUB also bridges collaborations between businesses and government that maximize the potential of industrial development.

Recent Related News:

i.According to the World Risk Index (WRI) 2020, India has been ranked at the 89th spot among 181 Countries. The World Risk Index is a statistical model for the assessment of global risk of disasters such as earthquakes, storms, floods, droughts and sea-level rise. Qatar (0.31) had the lowest risk.

ii.On September 19, 2020 Tamil Nadu Chief Minister (CM) Edappadi Karuppa Palaniswami released Tamil Nadu Cyber Security Policy 2020, Tamil Nadu Blockchain Policy 2020 and Tamil Nadu Safe and Ethical Artificial Intelligence Policy 2020(Nicknamed as ABC Policies) during virtual Confederation of Indian Industry (CII) ‘Connect 2020’ event. With this, it became the first state in the country to release policies on Ethical AI, Blockchain and Cybersecurity.

About Tamil Nadu:

Capital – Chennai
Governor – Thiru Banwarilal Purohit

About  World Economic Forum (WEF):

Founder and Executive Chairman– Professor Klaus Schwab
Headquarters– Cologny/Geneva, Switzerland