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FMCG major Britannia Industries Limited (BIL) has said it aims to achieve a diversity ratio of 50 per cent by 2024 by increasing the participation of women in its factory workforce. BIL Chief Marketing Officer (CMO) Amit Doshi said that at present 38 per cent of the company's factory workforce is women. "We aim to achieve a diversity ratio of 50 per cent by 2024 from the current national average of 38 per cent across our factories," he said. At Britannia's Guwahati factory, the proportion of women in the workforce is 60 per cent and it will be increased to 65 per cent, he said. "We are proud to have a women workforce in areas typically dominated by men like engineering, taping and grinding as well as packing, housekeeping, pantry, lab testing, canteen and security," he said. For empowering women, the company has already launched a start-up challenge among woman entrepreneurs, Doshi said. So far, the company has provided seed capital of Rs 10 lakh each to 30 woman entrepreneurs fo
Chinese factory activity edged higher in December as supply disruptions eased and export demand weakened, a survey showed Friday. The monthly purchasing managers' index issued by the national statistics agency and an industry group gained to 50.3 from November's 50.1 on a 100-point scale on which numbers above 50 show activity accelerating. Chinese manufacturing has been hampered by shortages of some components including semiconductors and disruptions in shipping. Some areas ordered factories to shut down temporarily starting in September to meet official energy efficiency targets. A measure of new orders improved to 49.7 from November's 49.4, according to the China Federation of Logistics & Purchasing and the National Bureau of Statistics, though demand still was weak. An index of export orders sank to 48.1 from 48.5. The overall recovery of China's economy is clearer, economist Zhang Liqun said in a statement issued by the federation. However, he said, the country needs to ...