A $3.6 billion investment by Stellantis into Windsor Assembly Plant and the expansion of the company’s research and development centre on Rhodes Drive is being lauded by experts as a foundational game-changer for Windsor-Essex.
The investment promises 650 jobs and the automaker will build and operate a 100,000 square foot facility that will become a hub for battery testing and research in North America.
“It’s going to be state-of-the-art centre to accelerate our EV best in class performance,” said Stellantis North American chief operating officer, Mark Stewart at a media conference Monday.
“This is jobs for generations to come in a very high intensive industry, big innovation, these are jobs of today and jobs of tomorrow,” said Canada’s Liberal innovation minister, Francois Philippe Champagne.
According to Stewart, engineer and software developers will be in high demand.
“It’s a good time to be an engineer in Windsor,” quipped Peter Frise, who is part of the engineering faculty at the University of Windsor.
Frise founded the automotive engineering program at the university in 1997 when electric vehicle technology was in its infancy.
Today, the faculties at UWindsor and St. Clair College are furiously revamping their curriculum to match industry needs for the workforce of tomorrow. Not only are 650 people needed to work at the research centre by 2023, but Stellantis will also need 2,500 people working at its new electric vehicle battery plant when it comes online in 2024.
“There’s a need for an injection of new talent, new vision, new energy, and that’s a healthy thing,” Frise said, noting there’s a lot of work to be done and problems to solve to optimize battery technology.
He says pressing issues include increasing battery range, reducing weight, making best use of materials to build batteries and the creation of efficient manufacturing processes.
“There’s a huge amount of R&D to still be done to really make it as good as it needs to be,” Frise said.
It will all be done at the automaker’s Rhodes Drive location, mere kilometres from where the EV batteries and Stellantis vehicles will be built in Windsor.
“You add all these things together, the layering effect of these is just incredible and will pay dividends for decades to come in the City of Windsor,” said Windsor Mayor Drew Dilkens.
Twenty-five per cent of Windsor’s workforce is directly employed by the auto industry, according to Frise, with many other jobs elsewhere in the economy depending on those jobs.
“Windsor’s place at the heart of the automotive renaissance is clear. Our place as the auto-mobility capital of Canada is strong,” said the mayor.
Not only does the investment re-position and future-proof the local auto industry, Frise notes the investment and work to be done will also put Windsor squarely on the map as a global automotive powerhouse.
“Those innovations will go around the world,” Frise said. “I hope that we’re able to tell the story that they’re Windsor innovations that they came from our community. They were done by our people and that’s very exciting.”
Tense diplomatic relations may not impact trade, investment ties between India, Canada: Experts
NEW DELHI: The tense diplomatic relations between India and Canada are unlikely to impact trade and investments between the two countries as economic ties are driven by commercial considerations, according to experts. Both India and Canada trade in complementary products and do not compete on similar products.
“Hence, the trade relationship will continue to grow and not be affected by day-to-day events,” Global Trade Research Initiative (GTRI) Co-Founder Ajay Srivastava said.
Certain political developments have led to a pause in negotiations for a free trade agreement between the two countries.
On September 10, Prime Minister Narendra Modi conveyed to his Canadian counterpart Justin Trudeau India’s strong concerns about the continuing anti-India activities of extremist elements in Canada that were promoting secessionism, inciting violence against its diplomats and threatening the Indian community there.
India on Tuesday announced the expulsion of a Canadian diplomat hours after Canada asked an Indian official to leave that country, citing a “potential” Indian link to the killing of a Khalistani separatist leader in June.
Srivastava said these recent events are unlikely to affect the deep-rooted people-to-people connections, trade, and economic ties between the two nations.
Bilateral trade between India and Canada has grown significantly in recent years, reaching USD 8.16 billion in 2022-23.
India’s exports (USD 4.1 billion) to Canada include pharmaceuticals, gems and jewellery, textiles, and machinery, while Canada’s exports to India (USD 4.06 billion) include pulses, timber, pulp and paper, and mining products.
On investments, he said that Canadian pension funds will continue investing in India on grounds of India’s large market and good return on money invested.
Canadian pension funds, by the end of 2022, had invested over USD 45 billion in India, making it the fourth-largest recipient of Canadian FDI in the world.
The top sectors for Canadian pension fund investment in India include infrastructure, renewable energy, technology, and financial services.
Mumbai-based exporter and Chairman of Technocraft Industries Sharad Kumar Saraf said the present frosty relations between India and Canada are certainly a cause for concern.
“However, the bilateral trade is entirely driven by commercial considerations. Political turmoil is of a temporary nature and should not be a reason to affect trade relations,” Saraf said.
He added that even with China, India has acrimonious relations but bilateral trade continues to remain healthy.
“In fact, bilateral trade is an effective tool to improve political relations. India must make special efforts to increase our bilateral trade with Canada,” Saraf said.
India and Canada have a strong education partnership. There are over 200 educational partnerships between Indian and Canadian institutions.
In addition, over 3,19,000 Indian students are enrolled in Canadian institutions, making them the largest international student cohort in Canada, according to GTRI.
According to the Canadian Bureau for International Education (CBIE), Indian students contributed USD 4.9 billion to the Canadian economy in 2021.
Indian students are the largest international student group in Canada, accounting for 20 per cent of all international students in 2021.
Benefits of educational partnerships are mutual and hence the current situation may have no impact on the relationship, Srivastava said.
Apple supplier Foxconn aims to double India jobs and investment
Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said on Sunday.
Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in manufacturing facilities in the south of the country as the company seeks to move away from China.
V Lee, Foxconn’s representative in India, in a LinkedIn post to mark Indian Prime Minister Narendra Modi’s 73rd birthday, said the company was “aiming for another doubling of employment, FDI (foreign direct investment), and business size in India” by this time next year.
He did not give more details.
Foxconn already has an iPhone factory employing 40,000 people in the state of Tamil Nadu.
In August, the state of Karnataka said the firm will invest US$600 million for two projects to make casing components for iPhones and chip-making equipment.
The company’s Chairman Liu Young-way said in an earnings briefing last month that he sees a lot of potential in India, adding: “several billion dollars in investment is only a beginning”.
Taiwan election: Foxconn’s Terry Gou taps star-powered running mate
Last month, Foxconn’s billionaire founder Terry Gou said he would run for the Taiwanese presidency in next year’s election, as an independent candidate.
He said the ruling and independence-leaning Democratic Progressive Party (DPP) was unable to offer a bright future for the island and left Foxconn’s board following his decision to run.
The firm operates the world’s largest iPhone plant, in the city of Zhengzhou in Henan province.
Foxconn to double workforce, investment in India by ‘this time next year’
The heart of a sculptor: Retrospective showcases art of John Miecznikowski – Hamilton Spectator
What Is Appropriation in Art? – The Collector
Chris Christie has a message for Donald Trump after latest social media attacks – CNN
Silver investment demand jumped 12% in 2019
Search for life on Mars accelerates as new bodies of water found below planet’s surface
Iran anticipates renewed protests amid social media shutdown
News18 hours ago
India-Canada news: How the visa office suspension affects travellers
News19 hours ago
Why is rent going up faster in Brampton than everywhere else in Canada?
Business21 hours ago
Vote “No” to Unifor’s sellout Ford Canada contract! Build rank-and-File committees to fight for a North America-wide strike against the Detroit Three!
News17 hours ago
India-Canada news LIVE updates: Justin Trudeau says evidence was shared ‘many weeks ago’
News16 hours ago
Canada is still processing visas for Indian nationals
Economy21 hours ago
Weak Euro-Area PMI Data Suggest Economy Facing Contraction
Business17 hours ago
Unifor contract: Ford offers up to 25% wage increase
Media12 hours ago
Who is Lachlan Murdoch, heir apparent of Rupert Murdoch’s media empire?