Manufacturing

Manufacturers have 'abundant opportunities to keep powering ahead', says S&P Global survey

Inviting more firms for placements, tap into stronger, better-performing sectors

Companies expect customers, new products, advertising to support sales for 12 months: S&P Global survey

Firm has already posted a 5.6 per cent dip in March even as it says it took all possible measures to minimise the impact

The current DRDO policy for transfer of technology came into force on August 19, 2019

Govt eyes investments worth over Rs 1,500 cr, creation of over 18,000 jobs. Nine companies have already committed to making investments of Rs 340 crore with an employment potential of 2,500

Korean electronics major Samsung will invest in setting up smart manufacturing capabilities at its largest mobile phone plant in Noida to make production more competitive, company's global head for mobile business said here on Monday. Samsung Electronics President and Head of Mobile eXperience Business T M Roh in response to a PTI query on company's investment plan in India said that the company will continue to invest in research and development facility in the country. "We will continue our investment to bring the optimised and or smart factory to the Noida facilities. We will continue our investment there. I believe this our investment for the smart factory will bring competitiveness in the production," Roh said. Samsung has its biggest manufacturing facility in Noida. The company this year started manufacturing its premium Galaxy S23 series in India. "We have biggest research and development centre here. For the new innovation we will continue our investment in this area," Roh

The Institute for Supply Management's measure of national manufacturing activity has contracted for four straight months

One reason for decline is muted domestic demand, particularly in rural areas due to high inflation

The responses have been drawn from over 400 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 10 trillion

This comes against the backdrop of shifts of production capacity to US, neighbours

The move is part of the acquirer's strategy to expand into newer related-product segments and leverage its global distribution reach

Commerce and Industry Minister Piyush Goyal had said the finance ministry regularly keeps allocating money for PLI

BIS has proposed Quality Control Orders (QCO) for 663 products in the coming time

A significant percentage of employers expect hiring to increase over the next two years due to Production Linked Incentive (PLI) schemes, under which fiscal incentives ar being provided to several sectors to boost domestic manufacturing, says a report. A TeamLease report said the higher positive hiring sentiment is attributed to the pharmaceutical industry (68 per cent) followed by white goods industry (67 per cent) and textile products (62 per cent). Around 60 per cent of employers expect hiring to increase due to PLI schemes over the next two years. The TeamLease PLI Outlook Report has been prepared on the basis of the employers' reaction towards job creation based on the incentives mentioned by the government in the PLI schemes and their projection towards hiring in the next two years. For the report, 344 mid to senior-level, general managers/ talent acquisition managers across 14 cities and 8 industries in India were surveyed. "The PLI schemes are a revolutionary one. It will

Yet, a look at the Indian units of long-established multinationals shows how much help the industrial sector will need

Chief Economic Advisor V Anantha Nageswaran on Wednesday said the performance of the manufacturing sector and growth rate in private consumption expenditure in the December quarter of 2022-23 is appearing 'depressed' because of higher base. According to Nageswaran, the GDP growth base was inflated due to data revision for the past three years. The National Statistical Office (NSO) on Tuesday revised GDP growth data for the past three years -- 2019-20, 2020-21 and 2021-22 and also released the second advance estimates of GDP for 2022-23. While the growth rate for 2021-22 has been revised up by 40 basis points to 9.1 per cent, from 8.7 per cent, the GDP for 2020-21 (Covid impacted year) too has been revised upwards to (-) 5.8 per cent, from (-) 6.6 per cent. For 2019-20 also, the growth has been revised upwards to 3.9 per cent, from 3.7 per cent. However, the second advance estimates for 2022-23 real GDP growth was retained at 7 per cent -- as was projected in first advance estimate

Lower base, expansion in output of seven of eight industries attributed

Experts say manufacturing is declining due to a slump in overseas demand and production-linked incentive schemes will take time to yield results

India is slated to become the prime manufacturing hub for advanced 155mm artillery ammunition for all types of [155mm] artillery guns which are operated by over 75 armies worldwide.