Manufacturing Shift From China to Africa? NOSACONN’s Celebrate Africa Week Examines

NOSACONN’s Celebrate Africa Week “Essence of Africa” NOLA Edition Examines Bilateral Trade Between U.S. and Africa Today at New Orleans Jazz Museum.

Batiste-Global African Arts & Business Panel 2021

Batiste-Global African Arts & Business Panel 2021

NEW ORLEANSJune 30, 2022PRLog — Posted Courtesy of Wright Enterprises San Francisco~Dallas Community Spotlight~~~

WHO: Damon Batiste of NOLA’s Royal Family of Music, founder of NOSACONN-New          Orleans-South Africa Connection; Pastor George Green, Record Industry Legend; CEO Ernie Singleton of Singleton Entertainment Los Angeles;Professor Ibrahima Seck, Lloyd Ward, Paul Robichaux, National Endowments for the Arts National Heritage Fellow Shaka Zulu (See Announcement Below).

WHAT: NOSACONN’s Celebrate Africa Week ‘Essence of Africa’ NOLA Edition Live in Person Panel Discussion: The Power of The Emerging African Economy Amid Global Market Forces.

With the world’s largest free trade area and a 1.2 billion-person market, the continent is creating an entirely new development path, harnessing the potential of its resources and people…The economy is set to expand by 3.6 percent in 2022, down from 4 percent in 2021, as it struggles to pick up momentum amid a slowdown in global economic activity, continued supply constraints, outbreaks of new coronavirus variants, high inflation, and rising financial risks due to high and increasingly vulnerable debt levels. The invasion of Ukraine compounds the factors holding back recovery in the region. (The World Bank in Africa).

WHERE:

New Orleans Jazz Museum

400 Esplanade Avenue

New Orleans, LA 70116

WHEN: TODAY, WEDNESDAY,  JUNE 29, 2022, 11:00 a.m.-12:30 p.m.

WHY:   NOSACONN’s  African Heritage Series “Celebrate Africa Week ‘Essence of          Africa’ NOLA Edition is a week-long celebration over the July 4th Holiday, going on          simultaneous during Essence Magazine’s “Essence of Culture Festival (not directly affiliated). Representatives for the following countries will be in New Orleans as a result of Damon Batiste’s vision for bilateral trade between the U.S. and Africa with the assurance of BIPOC communities benefit from equitable exchange: Cape Verde Islands; Gambia; Ghana; Ivory Coast; Mozambique; Nigeria; Senegal; South Africa; Tanzania; Uganda; and Zimbabwe.

DAMON BATISTE: “We want to ensure prosperity for all as we develop business deals centered around tourism, arts, culture and bilateral trade.  NOSACONN (New Orleans South Africa Connection) has extensive ties in Africa, where I have traveled more than 80 times since 1998.”  Batiste’s partnership in “The Grammy Party in the Bus (https://www.thediplomaticsociety.co.za/3679-grammy-party-…)”at the Sensational Sunset Safari Lodge, a Game Reserve in South Africa is a perfect example of equity in entertainment that NOSACONN is working to achieve.

Shaka Zulu NEA Heritage Fellow announced today:https://www.arts.gov/news/press-releases/2022/national-endowment-arts-announces-2022-nea-national-heritage-fellows

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MEDIA CREDENTIALS:

Network news company credentials are sufficient for panel discussion coverage.  On site June 29th contact: Bryant Johnson, 702-704-3209 (cell phone);

Contact Jackie Wright, 415 525 0410 or Bryant Johnson for media credentials for special week-long NOSACONN sponsored events: Click Here for details of the week-long celebration events through July 5, 2022: https://nosaconn.com/nosaconn-celebrate-africa-week-essence-of-africa-nola-edition-kicks-off-a-week-of-celebration-during-the-essence-of-culture-festival/.

6/30/2022 Post Event Update: CEO Lloyd Ward of Ward Holdings International, LLC https://youtu.be/LVZwS4Fn94A featured.

Design led manufacturing under Production Linked Incentive (PLI) Scheme for Promoting Telecom and Networking Products Manufacturing in India


Department of Telecommunications(DoT) had notified the Production Linked Incentive (PLI) Scheme on 24th February 2021, with a financial outlay of ₹ 12,195 Crores. A total of 31 companies, comprising of 16 MSMEs and 15 Non-MSMEs including 8 Domestic and 7 Global companies were given approval on 14th October,2021.


With the objective to build a strong ecosystem for 5G, the Union Budget 2022-23 has proposed to launch a Scheme for design-led manufacturing as part of the existing PLI Scheme. After consultations with stakeholders, the Guidelines for the PLI Scheme for Telecom & Networking Products have been amended to introduce the Design-led Manufacturing with additional incentive rates.


Further, DoT based on feedbacks from stakeholders including the selected PLI Applicants, has decided to extend the existing PLI Scheme by one year. The existing PLI beneficiaries will be given an option to choose financial year 2021-22 or financial year 2022-23 as the first year of incentive.


DoT has also approved addition of 11 new telecom and networking products to the existing list, based on suggestions from the stakeholders.


For promoting design-led manufacturing, Department of Telecommunications (DoT) is inviting applications from Design-led manufacturers as well as others, for availing incentive under the PLI Scheme for five years commencing from 1st April 2022. Investment made by successful applicants in India from 1st April 2022 onwards and up to Financial Year (FY) 2025-2026 shall be eligible, subject to qualifying incremental annual thresholds. The Scheme is open to both MSME and Non-MSME Companies including Domestic and Global Companies. The applications from Design-led manufacturers shall be prioritized over other manufacturers while shortlisting. The Design Led Manufacturing is primarily aimed to support efforts for designing telecom products in India. It will recognize and encourage R&D-driven manufacturing in the country to enhance its contribution to global value chain as envisaged in the National Digital Communication Policy, 2018.


Applicants will have to satisfy the minimum Global Revenue criteria to be eligible under the Scheme. The Company may decide to invest for single or multiple eligible products. The Scheme stipulates a minimum investment threshold of ₹10 Crores for MSME and ₹100 Crores for non MSME applicants. Land and building cost will not be counted as investment. Eligibility shall be further subject to Incremental Sales of Manufactured Goods (covered under Scheme Target Segments) over the base year (FY2019-20). The allocation for MSME has been enhanced from ₹1000 Crores to ₹2500 Crores.


Interested eligible Applicants can start the registration process for the Scheme from 21st June 2022 at https://www.pli-telecom.udyamimitra.in. The Application window shall be open for 30 days i.e. up to 20th July 2022.These applications are invited for the balance fund of more than ₹4000 crores. This will give a boost to manufacturing of telecom and networking products to develop 5G ecosystem for India.


The amendments in the Guidelines in this regard has been issued separately and are available at DoT website and also on https://www.pli-telecom.udyamimitra.in.


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Status of Jobs in Manufacturing Sector


As per the Economic Survey Reports, estimated employment in Manufacturing Sector in India was 5.7 crore in 2017-18, 6.12 crore in 2018-19 which was further increased to 6.24 crore in 2019-20.


Labour Bureau under the Ministry of Labour & Employment conducts Quarterly Employment Survey (QES) as part of All India Quarterly Establishment based Employment Survey for establishments having 10 or more workers.  As per the results of the first round for the period April to June 2021, employment increased to 3.08 crore (approximately) in the nine selected sectors of the economy against a total of 2.37 crores, as reported in the sixth Economic Census (2013-14) reflecting an overall growth  of 29% and 22% for the Manufacturing Sector.


The above data indicates an increasing trend of employment in manufacturing sector.


National Manufacturing Policy notified by Ministry of Commerce and Industry in 2011 identifies employment intensive industries like textiles and garments, leather and footwear, gems and jewellery and food processing etc. as special focus attention sectors. The policy provides special attention for small scale industries as they offer employment opportunities both for self-employment and jobs across diverse geographies.


Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing Capabilities and Exports, an outlay of INR 1.97 lakh crore has been announced in Union Budget 2021-22 for Production-Linked Incentive (PLI ) schemes for selected key sectors for a period of 5 years starting from fiscal year (FY) 2021- 22.


To boost domestic manufacturing, Department for Promotion of Industry and Internal Trade has taken a number of measures including setting up of world class infrastructure by developing nodes across various Industrial Corridors; formulation of National Master Plan on multimodal connectivity infrastructure; implementation of Industrial development schemes for North-East States, Himachal Pradesh, Uttarakhand and Union Territory of Jammu & Kashmir to boost industrialization in the industrially backward and hilly States; for start ups, setting up a Fund of Funds and Seed Fund to build up a strong ecosystem for nurturing innovation and entrepreneurship; Development of industrial information system for improving availability of industrial land and amendment in Public Procurement Rules to enhance minimum local content.


This information was given by the Minister of State for Labour & Employment, Shri Rameswar Teli in a written reply in Rajya Sabha today.




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Brecher Manufacturing Opens New High Volume Production Division

 The company started back in 2014 as a prototyping company and just shifted the strategy to an Integrator as there was a need identified in the market, someone who could provide the entire solution in every stage of a product.

A prime example of the customers the company helps is a company or entrepreneur looking to product a part. Brecher Manufacturing would take that part already designed and take it to a DFM process during the product development stage, to then get into production with whatever method that best suits the volume needed for that part, whether it is plastic or metal.

The decision of opening a new business division was made due to the gap that exists between prototyping & high volume manufacturing.

Brecher Manufacturing LLC

James Bryan

1 951-512-0141

www.brechermfg.com

brechermfg@gmail.com

ContactContact

Categories

  • Manufacturing

JSP Pharmaceutical Manufacturing (SET: JP) debuts shares on MAI

JSP Pharmaceutical Manufacturing (Thailand) PCL (SET: JP), a developer, manufacturer and distributor of modern and traditional medicines, herbal products and nutritional supplements, is debuting on the MAI today. JSP is ready to pursue growth through developing new products under own brands, aiming for higher profit margins by boosting own brand sales to 50% of total sales of all products, while increasing capacity, improving capital management efficiency, expanding OEM production, and ultimately leading in the R&D, production and distribution of medicines and nutritional supplements.

Dr. Sittichai Daengprasert, Chief Executive Officer of JSP Pharmaceutical Manufacturing (Thailand) PCL, whose shares will begin trading on the SET Market of Alternative Investment (MAI) today in the Consumer Products sector under the symbol JP, says it is a crucial step for the company to pursue sustainable growth in order to become a leader in the R&D, manufacture and distribution of medicinal and nutritional supplement products in Thailand. It plans to drive growth with innovations in the development of modern and traditional medicines, and herbal and nutritional supplement products to satisfy consumers’ demand for high-quality products for health maintenance, protection and treatment. The plan will lend support to Thailand’s effort to become a society of health care in the near future.

Dr. Sittichai says the proceeds from the IPO share sales will go toward the development of new health products under the company’s own brands with a goal to produce 4-5 new products each year. Meanwhile, a multi-channel marketing strategy will be employed for product distribution, encompassing pharmacies, modern trade stores, convenience stores, TV home shopping, and online channels. The aim is to boost sales of own-brand products to 50% of total sales, which will contribute positively to the gross profit in the future.

Plans to improve the efficiency of the Bangkok plant, a hub of modern medicine production, and expand the capacity of the plant in Lamphun, which produces traditional medicines and nutritional supplements, will support the expansion of the OEM customer base in Thailand and in the CLMV countries with a one-stop service. Equipped with a list of more than 2,000 registered medicines, JP is in an advantageous position to meet OEM customers’ demands, Dr. Sittichai says.

He adds that the company has also been cooperating with educational institutes, government agencies and private-sector parties in the development and processing of herbs, such as Wolffia globosa, as a plant-based protein supplement under the ‘Suphap Osot’ brand to add value to agricultural products. In this program, cultivation know-how is transferred to farmers as a way to help them earn increased income. Furthermore, JP is preparing its manufacturing base to produce extracts from cannabis and hemp. These extracts are to be sold as processed products or used as ingredients in health products under the company’s own brands.

Mr. Vorachart Tuaychareon, Managing Director of Finnex Advisory Co., Ltd., a financial advisor, says JP’s potential for growth looks bright amid positive factors resulting from increasing demands for modern and herbal medicines from health-conscious consumers while the government sector encourages people to consume locally-made medicinal products. The company’s extensive experience and expertise in the R&D of diverse medicinal products and its experienced executives’ ceaseless pursuit of business opportunities are sure to improve its competitiveness and growth prospects.

Mr. Chosit Detwanitchayanumut, Managing Director of Siam Alpha Capital Co., Ltd., a joint financial advisor, says JP is determined to strengthen its operations in all respects by highlighting product innovations and investing in marketing campaigns to increase public awareness of its own brands as well as expand its OEM customer base both here and abroad. The company’s strong fundamentals lend firm support for its drive toward a sustainable growth, he adds.

Mr. Chanachai Joonjiraporn, Chief Executive Officer, ASL Securities Co., Ltd., the lead underwriter, says JP’s shares are growth stock because of the strength of its operations. Its commitment to pursue long-term and sustainable growth lays a firm foundation on which its shares are grounded and is the reason that will attract sustained investors’ interest in JP’s shares.

Released by Public Relations Dept., MT Multimedia Co. Ltd.
for JSP Pharmaceutical Manufacturing (Thailand) PCL
For more information, please contact: Yuttachai Praikhanahok (Tle)
Tel: +66-91-736-2866 or +66-2-612-2081 ext 125
Email: yuttachai.p@mtmultimedia.com


Topic: IPO