Titan3 Technology USA exploring partnership with Patton International
MUMBAI: The country's unemployment rate in July fell to 6.80 per cent, the lowest level in the last six months, amid rising agriculture activities during monsoon, according to Centre for Monitoring Indian Economy (CMIE) data.
The unemployment rate dropped to 6.80 per cent in July from 7.80 per cent in June, the CMIE data said.
Rural unemployment declined 6.14 per cent to 272.1 million last month from 265.2 million or 8.03 per cent in June, it said.
On the other hand, urban unemployment jumped to 8.21 per cent in July from 7.80 per cent in June as the number of jobs fell both in industry as well as services.
The employment in urban India fell by 0.6 million, from 125.7 million to 125.1 million, according to the CMIE data.
The month-on-month recovery in employment was partial as the fall in June was 13 million compared to the growth of only 6.3 million jobs in July, CMIE Managing Director and CEO Mahesh Vyas said.
NEW DELHI: The Senior most team of US based company Titan3 Technology from Arizona visited the Uluberia Plant of Patton International Limited.
Headquartered in Arizona USA, Titan3 Technology is the market leader in innovation and engineering in the Electrical and HVAC Industries. With over 250 patents, the management of Titan 3 is unparalleled in product development, according to a media statement.
The team explored Patton's state of the art Uluberia Plant to embark on a journey of engaging into tieup with Patton International for developing and launching new products in the American Market in the electrical and HVAC indusrty.
The recovery was mainly in rural areas and in particular in agriculture as the southwest monsoon progressed and kharif sowing activities picked up pace.
The agriculture sector in the rural area absorbed an additional 9.4 million workforce in July, while it shed 8 million in June, Vyas added.
This lower-than-expected
“JIT/ETA/OTD - Just in Time, Expected Time of Arrival and On time Delivery is the name of the game. It is imperative that quality products are delivered at Competitive Cost and on right TIME. Zero Deviation in quality is the norm of the day. Nowadays It is not customers' expectations but mere absorption of labour into agriculture in July reflects the patchy progress of the southwest monsoon and the correspondingly poor kharif sowing this year.
Rains this year so far have been very poor in Uttar Pradesh and Bihar, Vyas said, adding that data available till July-end reflects that rice cultivation was down 13 per cent requirements that one cannot supply even 2 days earlier or 3 days later than the precise and specified date of deliveries. There is no room for excuses. It is Either Take it or Leave it. This situation is not with any single customer but the entire market place which operates in similar manner. They are not mostly in Bihar, Uttar Pradesh and West Bengal.
"Unless the khariff sowing improves, we don't see improvement in rural employment. However, I expect the monsoon to improve going forward, which will have a positive impact on the employment scenario in rural areas," Vyas said.
Meanwhile, the urban unemployment jumped to 8.21 ready to listen to any reason once delivery schedule deadlines are missed. One needs to air ship goods at a cost many times higher than the actual product cost. To sustain and meet these challenges, it has become necessary for us to have our own full proof and fault free backup supply chain logistic system in place” said Sanjay Budhia, MD, Patton Group.
Hence, Patton has forayed into warehouses in Jonesboro, Arkansas and Norfolk, VA, Virginia in US which are strategically close to Customers' locations to stock customer specific products for on time delivery so that customers remain assured that their ordered materials are available just a call away and also not being reflected in their accounts. per cent in July from 7.80 per cent in June as jobs fell both in industry as well as services, the CMIE data added.
Vyas said that the industrial sector lost 0.2 million jobs in July after having lost 4.3 million during June, while the services sector lost 2.8 million jobs in July after having lost 0.8 million in June.
The industrial and services sectors have been losing jobs for two months, Vyas added.
In May, the employment in the industrial sector had shot up to 108 million, but since then it has declined to 104 million in June and July, Vyas said.
The recovery in industrial jobs was essentially in the construction industry and not in manufacturing, which are of better quality, Vyas noted.
Over 8 million non-farm jobs were lost during June and July, equally both in the industry and services sectors.
"There is a need for more investments to take place, which is likely to take some time. However, we don't expect any drastic deterioration in the unemployment scenario in the country," Vyas added.