CURRENT AFFAIRS

Detailed explanation-1: -Maruti Suzuki JIM (Gandhinagar, Gujarat), an industrial training institute which is being prepared by Suzuki Motor Corporation in Gandhinagar, Gujarat in India, has been accredited as Suzuki’s third Japan-India Institute for Manufacturing (JIM) by the Japanese Ministry of Economy, Trade and Industry (METI) today.

Detailed explanation-2: -Michio Suzuki founds Suzuki Loom Works in Hamamatsu, Shizuoka Prefecture, Japan. Company is reorganized, incorporated, and capitalized at ¥500, 000 as Suzuki Loom Manufacturing Co. with Michio Suzuki as president. Takatsuka Plant is built in Kami-mura, Hamana-gun, Shizuoka, Japan.

Detailed explanation-3: -Starting business in 1909 as Suzuki Loom Works, the firm was incorporated in 1920. Since foundation in Hamamatsu, Japan, SUZUKI has steadily grown and expanded.

Detailed explanation-4: -MSI would take initiatives to strengthen the business and manage in controlling the sourcing, localization, production planning, manufacturing, flexibility and cost reduction. The merger would benefit in areas like finance, capital structuring, administration, and consequent reduction of transaction costs.

Detailed explanation-5: -History. In 1909, Michio Suzuki (1887–1982) founded the Suzuki Loom Works in the small seacoast village of Hamamatsu, Japan. Business boomed as Suzuki built weaving looms for Japan’s giant silk industry. In 1929, Michio Suzuki invented a new type of weaving machine, which was exported overseas.