Amber Enterprises and Noise JV to boost smart wearables manufacturing in India
Amber Enterprises India Limited announced on September 18 that its material subsidiary, ILJIN Electronics, has entered into a joint venture (JV) agreement with Noise to boost the manufacturing and innovation of smart wearables in India.
The JV will enable both companies to leverage their respective strengths and expertise to address the evolving customer demands, provide high-quality products, and contribute to the growth of the Indian smart wearables market.
Amber Enterprises is a leading provider of electronic components and manufacturing solutions, while Noise is a popular smart wearables brand in India. The JV will combine the two companies’ capabilities to create a strong vertically integrated ecosystem for smart wearables manufacturing and innovation in India.
The JV is expected to have a number of positive benefits for the Indian smart wearables market. It will help to:
- Increase domestic manufacturing of smart wearables, which will reduce reliance on imports and create jobs.
- Make smart wearables more affordable and accessible to Indian consumers.
- Accelerate the development of new and innovative smart wearables products in India.
- Foster the growth of the local smart wearables ecosystem, including suppliers, developers, and service providers.
The JV is also aligned with the Indian government’s Make in India initiative, which aims to promote domestic manufacturing and reduce imports.
In addition to boosting manufacturing, the JV is also expected to focus on innovation. The two companies will work together to develop new smart wearables products that are tailored to the needs of Indian consumers. They will also invest in research and development to stay ahead of the curve in the fast-evolving smart wearables market.
Overall, the JV between Amber Enterprises and Noise is a positive development for the Indian smart wearables market. It is expected to boost manufacturing, innovation, and affordability, making smart wearables more accessible to Indian consumers.
Related News
- 22 Sep
Technical Analysis Report for Nifty and Three Buy Calls
The Nifty index has been on a strong uptrend in the past three weeks, but it has recently retraced some of those gains. It is now expected to oscillate within the 19,605 to 19,878 range over the next few sessions. Three stocks that look good for buying over the next 2-3 weeks are Havells India, KSB, and Gujarat Ambuja Exports. All three stocks have strong bullish momentum and are trading above their key moving averages.
- 22 Sep
Maruti Suzuki Stock Gains on Bullish Stance from Global Brokerages
Maruti Suzuki stock gains on bullish stance from global brokerages Shares of Maruti Suzuki India surged on Friday after global brokerages Citi and Morgan Stanley maintained bullish stance on the counter. Both brokerages cited the company's improving product mix and attractive valuation as key reasons for their optimism. In addition, Maruti Suzuki reported strong sales performance in August 2023, with total domestic sales jumping 14 percent year-on-year and sale of utility vehicles jumping 118 percent year-on-year. Overall, the bullish stance from global brokerages and the company's strong sales performance are providing a boost to Maruti Suzuki stock.
- 22 Sep
PNB Gilts Hits Upper Circuit on Inclusion of Indian Bonds in JPMorgan Index
Shares of PNB Gilts hit upper circuit on September 22, 2023, following news that India's inclusion in JPMorgan's bond index is seen driving billions of dollars of inflows. The index provider will add Indian bonds to its widely-tracked emerging market index starting June 28, 2024. PNB Gilts is a primary dealer in government securities and other fixed-income instruments. The inclusion of Indian bonds in JPMorgan's index is expected to attract significant foreign inflows, which is likely to benefit PNB Gilts and other primary dealers in government securities.
- 22 Sep
Indian Bond Markets to Remain Stable in Near Term After JPMorgan Inclusion
Indian bond markets are expected to remain stable in the near term after JPMorgan's inclusion of India in its widely tracked emerging market debt index, according to BlackRock's head of Asia Pacific fixed income, Neeraj Seth. Seth expects inflows of around $20 billion to $25 billion into India after the maximum weight threshold is achieved on the GBI-EM index. Given the size of the global government bond market, this is relatively small and is unlikely to have a significant impact on volatility.
- 22 Sep
Indian market drops on September 22 despite inclusion of Indian bonds in JP Morgan index
Indian benchmark indices Sensex and Nifty fell for the fourth consecutive day on September 22, despite the inclusion of Indian bonds in the JP Morgan Government Bond Index-Emerging Markets (GBI-EM) global index suite from June 2024. The market is expected to remain volatile in the near term, with key support at 19,600 for Nifty.
Leave a Reply