Though the numbers are small at present, Apple’s intention to increase investment in the country is a sign that global corporations see India as an integral part of their supply chain and markets, and are using the country’s new restrictions on Chinese companies to establish a foothold in South Asia’s second largest economy. Apple’s CEO, Tim Cook, visited India last month to endorse the company’s local manufacturing and distribution operations. Samsung has taken a decision to shut down its last TV manufacturing plant in China, shifting production to Vietnam.Samsung currently has two factories in Suzhou and Tianjin.According to sources, Samsung India has dropped the plan to carry set top box manufacturing in the country and decided to close down the factory.The production from China would now be done in the Samsung plant in Vietnam.The decision of Samsung to shut down its China factory production and shift it to countries like India and Vietnam comes at a time when India is promoting local manufacturing under the Make in India initiative.The government has already imposed anti-dumping duty on import of various telecom products like digital transmission, multiplexer, and GSM base stations.The domestic manufacturing is intended to cut dependence on imports, which account for 60% of the Indian market for electronic products.Established in 1996, Samsung India Electronics is the flagship company of the South Korean electronics major in India and was the first country into manufacture mobile phones and therefore a first mover advantage. Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items: read more
Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 08 Oct 2015 – People who drive and own vehicles will share with the authorities a better perspective on what actually happens in The Bahamas as the Royal Police Force laid out a new initiative for the traffic wardens that will see them issuing their own traffic tickets. Over the next few weeks, Traffic officers will be seen around Providenciales clearing up the streets and checking for faulty equipment on vehicles. Motorists are reminded that a valid driver’s license and insurance is necessary. There are some who believe the issuing of written warnings should not be limited to the training days, but should extend to a 30-day period. Facebook Twitter Google+LinkedInPinterestWhatsApp Traffic relief coming for Blue Hills says Minister read more
Facebook Twitter Google+LinkedInPinterestWhatsAppTurks and Caicos, July 4, 2017 – Providenciales – With threats of a third arrest and a forensic investigation promised at the Hospital for evidence of a break-in at the Provo clinic, former Chief Minister, Michael Misick is now saying there was a dishonest motive to search the hospital for drugs and medical equipment. Misick was arrested as he disembarked flights from both Canada and the US recently; his arrest came a week ago today.Misick, who said he volunteered himself for questioning, has been vilified by many on social media who say it is not the former Premier but his father, Charles Misick who is dealing with cancer in Canada who should be arrested. Michael Misick did indicate that the police, who say they were searching for stolen goods confiscated from Government’s former clinics, did find medication but that he only had one box of the stuff.“What they found apparently was some prednisone tablets, the tablets they found, this is stuff from my personal, my father was admitted to hospital up here in Canada two weeks ago, and some items were confiscated, some of the medication. What was in my suitcase, there was only one box of medication, which was for my father which I brought to give to him.”Misick said he does not believe in stealing and that he went into the Provo police station voluntarily to be questioned. Prior to the Police statement and clarification in response to the Misick interview, there were many questions and comments about why a man on bail, who was injured in a traffic accident only yesterday, would be allowed to travel internationally.Many questioned why Misick was never under travel restrictions in the first place after he was slapped with corruption charges back in December 2012. A local media house had reported that anti-corruption officer slapped Misick at the Chalk Sound police station after the arrest for an unpaid bullet bill and Radar had reported, in May 2013, that Mr. Misick was no longer required to sign in, nor could he leave when he pleased.#MagneticMediaNews#Misick4thtimearrested Related Items:#magneticmedianews, #Misick4thtimearrested read more
Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, July 14, 2017 – Nassau – A man is dead after a drive by shooting on Pitt Road last night and another shot dead on Step Street early this morn. Police say the man was killed outside his building and that a woman was hurt.
The House of Assembly will be prorogued on Friday Related Items:#magneticmedianews, #newsoftheworld Bahamians launch bid to become 51st US state Mobile Manufacturer Huawei hails Caribbean talent in the form of Leaha from the Bahamas Jamaicans Urged To Contribute To The Development of Their Communities Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, August 2, 2017 – Nassau – Bahamas MP for Fort Charlotte, Mark Humes addressed a packed house in the House of Assembly, Nassau with his contribution to the 2017/2018 Budget Communication. Humes’ contribution focused on the fight against crime and the importance of proactive measures, formalized partnerships and programs to address crime at its root and stop conditions that breed criminal activity.Mr. Speaker, the issue of crime is not confined to a single constituency, it is a national issue, an issue that all of us must be concerned with. We know only too well that no amount of talking, hand wringing or finger pointing will solve the many challenges facing our communities; we must act. It has become a national security issue that requires us all to take action; government, opposition, communities, individuals, corporations, churches, schools and community organizations must all band together to fight this scourge of crime.”Humes went on to propose a number of ideas for strengthening national security. He called for a “National Crime Plan” where all stakeholders, including members of the community and politicians on both sides, would have a hand in developing and implementing the strategies recommended for the country. Humes went on to detail the need for a “National DNA Database”, similar to those found in developed countries, to help in identifying criminals and creating DNA profiles.“Mr. Speaker, we need to finally close the gate on criminals who are a recurrent problem in our society. With the establishment of a National DNA Database, we will be able to track down and match DNA from crime scenes to individuals in our system.”The Fort Charlotte MP called for the Minister of National Security to also have more say in the issuing of work permits. He said any further exploration and/or settlement of new immigrants by the Department of Labour, the Immigration Department, and The Bahamas Hotel Association must be cleared by the Minister of National Security. That spearhead, according to Humes, would better ensure that criminals are not allowed to enter and harm Bahamians or our tourism industry. Humes also called for the introduction of a Criminal Migration Task Force that would include Bahamian, US and British law enforcement and security agencies. This proposed task force would be an on-going venture to assist in intelligence gathering for criminals fleeing jurisdiction and who are wanted for questioning or crimes in The Bahamas.#MagneticMediaNews#MarkHumes Recommended for you