Rajasthan: Create a framework for the development of industries: Mishra

September 16, 2020

Rajasthan Governor Kalraj Mishra has said that to increase technical proficiency in the students of Engineering (Engineering) faculty in the changed circumstances, workshops, seminar, and lectures are to be organized online.

He said that this will develop technical efficiency in the state. There will be innovations. The state will get its benefit. Mishra said that the Institution of Engineers would have to research the changing conditions. Keeping in mind the needs of the times, prepare a framework for the development of industry funds for the future and make MoUs (consent agreements) with the technical universities of the state for a self-reliant India.

Mishra was addressing the 53rd Engineer's Day celebrations organized by The Institution of Engineers on Tuesday through video conference. The governor said that the global epidemic of the coronavirus has changed conditions at every stage of life.

In such a situation, the country's engineer has a huge responsibility. He said that engineers should strive for a self-reliant India. Create an environment for self-reliant India in the minds of the people and the society so that the youth can start small industries for self-employment at the local level.

Rajasthan: Create a framework for the development of industries: Mishra

Alibaba Group Opens China Factory As Part Of New Manufacturing Initiative

News18 »business

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Alibaba Group Opens China Factory As Part Of New Manufacturing Initiative

Alibaba Group Holding Ltd on Wednesday unveiled a pilot factory in the eastern Chinese city of Hangzhou as part of its "smart manufacturing" business initiative.

Last Updated: September 16, 2020, 12:39 PM IST

SHANGHAI: Alibaba Group Holding Ltd on Wednesday unveiled a pilot factory in the eastern Chinese city of Hangzhou as part of its “smart manufacturing” business initiative.

The announcement marks a continuation of Alibaba’s expansion beyond its core business of e-commerce and into sectors on other parts of the online retail supply chain.

In a statement, Alibaba said the factory, run by an internal division called Xunxi Digital Technology Company, at present will primarily work with apparel companies.

The company in an explanatory video said it will use data it garners from e-commerce traffic, searches and sales to help brands anticipate what items will be popular and bring them to market quickly.

In 2016, Alibaba founder Jack Ma identified “new manufacturing” as one of five trends he referred to as future business opportunities for Alibaba.

The others were “new retail,” “new technology,” “new finance” and “new energy”.

The move into manufacturing comes as China’s e-commerce players look for ways to work more closely with the country’s legions of factories.

Rival Pinduoduo Inc rose to prominence in China’s online retail sector by enticing manufacturers to sell directly to consumers.

Alibaba’s opening of the factory also marks another move into the offline realm for the e-commerce giant.

In 2016 the company opened its first Freshippo store, marking its foray into offline grocery retail. The chain now has hundreds of outlets across China.

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