Guidance Partners WEF to Open Manufacturing Hub (Download PDF)

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Guidance Partners WEF to Open Manufacturing Hub

  • Guidance has partnered with the World Economic Forum (WEF) to establish India՚s first advanced manufacturing hub (AMHUB) in Tamil Nadu.
  • Guidance is Tamil Nadu government՚s nodal agency for investment promotion and single window facilitation.
  • Through this collaboration, the state will be able to harness opportunities in electronics, electric mobility, solar energy, and textiles.
  • Tamil Nadu can utilize the AMHUB to adopt IoT (internet of Things) and other emerging technologies for advanced manufacturing to sustain and create new avenues of manufacturing growth.
  • Advanced manufacturing will boost end-to-end manufacturing of high-tech and high-value products in Tamil Nadu and will shape the future of advanced manufacturing and production.
  • The AMHUB is one of the 19 platforms designed by WEF.
  • The hub will help the production ecosystem in Tamil Nadu by identifying and addressing regional opportunities brought about by fourth industrial revolution.
  • Tamil Nadu will be able to promote sustainable manufacturing by adopting new models of collaboration to scale sustainable solutions in manufacturing that will facilitate circular economy transition and accelerate towards a carbon neutral manufacturing industry.

World Economic Forum

  • The WEF is an international NGO.
  • It was founded in 1971.
  • It is based in Colony, Geneva Canton, Switzerland.
  • The WEF՚s mission is stated as ″ committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional, and industry agendas.
  • The WEF hosts an annual meeting at the end of January in Davos.
  • The meeting brings together some 3,000 business leaders, international political leaders, economists, celebrities, and journalists for up to five days to discuss global issues, across 500 sessions.

- Published/Last Modified on: March 10, 2021

Science/Technology, Economy

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