#autoplant

If you see Serikela's history you will amazed. Serikela Kharsawan is a town in Jharkhand and one of the Seraikela-Kharsawan districts, formerly the Princely States of Seraikella and Kharsawan is one of the twenty-four districts of Jharkhand state in eastern India. JAIL 250 cr Auto Plant will come into existence after 6 months in Serikela

Image taken from google maps Kumar Bikram Singh in 1620 established Serikela state which later merged with Bihar.

JAIL 250 cr Auto Plant

If you want to see the town and other things you can visit this site https://seraikela.nic.in/ If you see our headline JAIL 250 cr AUTO PLANT will come into existence after 6 months in Serikela it will change the future of people who lived in Serikela. There is a deadlock and nothing has been happening for the last 6 months but today we got news from the District administration that the issue is resolved between the local villagers and company officials. The automobile company Jamu Auto Industries Ltd (Jail) is ready to invest 250 cr in Village Serikela to construct a 250 cr manufacturing plant. How much land is required for the manufacturing plant for JAIL? The company required 13.5-acre land which they got after removing clashes between local villagers and company officials.

What are the demands of Villagers?

- They required football ground - Permanent roads to the village from Kharkai riverbank development under CSR i.e Corporate social responsibility  - Required jobs in the manufacturing unit The SDO added a magistrate and police on site to control the situation and also added section 144 for precaution. The district administrator, local villagers head Hatiadhi, and company officials held talks with upset villagers and resolved the conflicts between them. As per the reports company officials agreed on all demands which include jobs for local persons so officials said that they will offer a job to local persons as per demands and vacancy in the company but they will prefer local girls and boys who gets benefits if the plant starts as early as possible and the company tries to complete all the works soon.

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New Post has been published on https://www.chiangraitimes.com/thailand-national-news/auto/mazda-shifting-assembly-of-cx-3-sports-utility-from-thailand-to-japan/

Mazda Shifting Assembly of CX-3 Sports Utility from Thailand to Japan

Japanese Automaker Mazda Motor Corp will shift some production of the CX-3 destined for the Australian market from Thailand to Japan. The Automaker has cited adverse impact from the stronger Thai baht.

Assembly of CX-3 sports utility vehicles will be moved to its Yamaguchi factory in southwest Japan this year, the report said, without citing anyone. Mazda has the capacity to make about 135,000 cars in Thailand annually.

The baht has climbed more than 8% against the dollar over the past year. Consequently hurting Thailand’s export-oriented economy. The kingdom is on track for its slowest economic growth since 2014. Thailand is also facing headwinds including the US-China trade dispute and political uncertainty.

Thailand Experiencing Stagflation

Stagflation depicts an unusual situation whereby an economy experiences both a slowdown and high inflation at the same time. A textbook example is the US economy of the early 1970s. Consequently it suffered 9% unemployment along with 12% inflation. The culprit was a doubling of world oil prices which pushed the US economy into a recession. It was also responsible for raising the cost of goods and services.

Fast forward 50 years and, believe it or not, stagflation is now being experienced in Thailand.

The stagnation needs no explanation, but the inflation sure does. The reason being official inflation figures are in sharp contrast with everyday price pressures. According to Thai government statistics, the consumer price index rose a mere 0.1% in October this year. Food prices increased by an average 2.2% while non-food-product prices fell by 1.1%. If you trust these numbers, Thailand has practically no inflation.

We consumers would wholeheartedly disagree. In a survey conducted by Suan Dusit Rajabhat University (Suan Dusit Poll) in November this year; 65.5% of respondents identified the high cost of living. Identifying it as Thailand’s most troubling economic problem. Surprisingly, only 39.2% chose the sluggish economy as the most serious problem.

The respondents were not wrong. The slowing economy is affecting individual consumers differently. The higher cost of living hits everybody (hard) every time they pull out their wallets.

Another possible explanation is import-driven inflation. But with a strong baht, there is no possibility of higher-priced imports. In fact, the strong baht is helping to lower domestic prices.

Thai consumers, have absorbed higher prices by lowering their consumption in order to keep a fixed budget.

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