In June this year, the Japan Aerospace Exploration Agency collaborated with Honda Research to build an energy system for surface mobility on the moon. SpaceX and Mitsubishi Heavy Industries, Tesla and Mitsubishi Motors have similar alliances, reflecting the increased participation of the automotive sector in the space economy. Tokyo wants its biggest export, automobiles, to pick up stakes in this space. India should have a similar ambition. The May 2020 space reforms recognise the significance of commercialising the space sector. But now is the time for long-term R&D investments in the domestic auto sector, to help India step into this play.
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Sanctions are an important foreign policy tool, used especially by the West against its adversaries. Now, these rivals are retaliating with counter-sanctions. Are these effective? How does this impact global politics? Where does India stand in this free-for-all sanctions era?
UK-Pune based QiO Technologies is an industrial software analytics company that focuses on digital transformation. QiO differentiated itself by complying with and certifying its products with European GDPR standards, creating trust and a wider client-base. It offers a unique subscription plan based on investment returns, making it an attractive option for manufacturing MSMEs.
A ransomware attack recently targeted Kaseya, a software services company in the U.S., for $70 million, incapacitating hundreds of its clients globally. There is an increasing incidence of such attacks, with perpetrators targeting government agencies and high-tech companies, leading to considerable economic losses. How can governments mitigate these threats and attribute responsibility to those accountable?
For years, Western countries have used sanctions as a means of economic warfare against their adversaries. Now, China and Russia are utilising the same tactic against the West. The United Nations Security Council is paralysed by differences between the five permanent members, leaving the tools of unilateral sanctions and counter-sanctions to proliferate at the cost of UN-approved multilateral sanctions.
Gateway House and the Embassy of Italy in New Delhi co-hosted the India-Italy Round Table on Energy Transitions. Indian and Italian companies involved across in the energy ecosystem came together to discuss potential collaborations. India is energy dependent and Italy has an innovative energy industry. The two countries can partner on new technologies, trade, financing mechanisms and to update regulations for a new energy era.
Schneider Electric’s domain expertise in hardware and software has helped it create a proprietary and comprehensive suite of Industry 4.0 solutions. The company is now deploying these in all of its eight manufacturing facilities spread across India with favourable results: 30% reduction in energy costs, 10% improvement in mean time to repair and 5% improvement in logistics. Schneider intends to make these Lighthouse network facilities, thereby setting the standard for other manufacturing MNCs in India.
The India-EU summit held May 8, was more ambitious than previous ones. Now the summit’s words must turn into action, an effort that will require continuous discussion, patient negotiation and uninterrupted dialogue between Delhi and Brussels. Will the two capitals be willing to compromise and find common ground that they have not managed to demonstrate before?
This India-EU summit was different from the ones past, and India is a significant gainer. A trade agreement and connectivity partnership aside, the EU has stepped up to help India during this emergency, viewing it not as a weak state but as a partner in distress. The geopolitical indicators for an enhanced engagement are now also in place.
Digital Manufacturing in India can bring in a new age globalisation of manufacturing, and developing resilient, transparent and trusted supply chains. With the help of MNCs, start-ups and government in accelerating digital adoption, and India must become part of the emerging global trading system, using the COVID-19 pandemic to accelerate digitisation.