factories

World’s largest mobile factory

Samsung has set up what is the world’s largest mobile factory at Sector 81 in Noida, Uttar Pradesh. Not just mobiles, the expansion of current facility will double Samsung’s production capacity of consumer electronics like refrigerators. Samsung is currently making 67 million smartphones in India & with the new plant being functional, it is expected to manufacture nearly 120 million phones.

Acid Leak at Sterlite plant in Thoothukudi

A Sulphuric acid leak is detected at Sterlite Copper plant, a Vedanta group company in Thoothukudi, Tamil Nadu. The leak was detected in one of the storage units but as the plant was non-operational nobody was harmed. The evacuation from the sulphuric acid plant would take a day with assistance of Tamil Nadu Pollution Control Board and Inspectorate of Factories.

India’s industrial production grew to 7.5%

India‘s factory production grew in January to 7.5% over the same month last year, and marginally over the 7.1% recorded in December 2017. The recovery in factory output in January was driven by a revival in manufacturing activity (8.7%) as well as electricity generation (7.6%). The sharp improvement in IIP is a positive trigger for the March quarter GDP which will be announced on 31 May.

State Ranks second in Industrial Growth

Strongly denying that manufacturers were leaving Tamil Nadu and moving to other States, Tamil Nadu Industries Minister P. Thangamani on Dec. 5 said the State ranked second in GDP output after Maharashtra and that its growth rate of 7.94 per cent this year was more than the national growth rate of 4.94 per cent. The number of factories in 2013 was 40,354, while in 2014 it was 42,000, which showed that the number of factories was increasing. In the year 2011, under DMK rule, the number of employed persons was 84,21,000 but this had risen to 1.6 crore in the last three years under the AIADMK regime, proving that job opportunities were rising.