Page 3 - Manufacturing Sector

UP govt to promote private industrial parks under the 'make-in-UP' theme

The proposed policy aims to establish UP as an internationally competitive investment destination, generating employment and stoking sustainable economic growth.

Indian semiconductor industry may benefit from the proposed US CHIPS Act

US Chips act has a total outlay of $53 billion, five times India's PLI scheme for semiconductors which amounts to $10 billion

Fresh salvo at GDP for not capturing ground manufacturing activities

While most criticisms of the data related to GDP are on overestimating economic activities on ground, the latest one in fact censures it for underestimating the manufacturing sector in recent times

Indo-Japan partnership in manufacturing can be best in world: R C Bhargava

With Maruti Suzuki proving to be a successful Indo-Japan collaboration, company Chairman RC Bhargava feels if the two countries work with full partnership and trust in the manufacturing sector, they would be the best in the world. Also, the growing partnership between India and Japan is going to be a huge positive factor for the growth of Indian manufacturing, he told PTI in an interview. "I believe that India Japan partnership, which we have seen in Maruti Suzuki and some other areas, is becoming stronger, and more and more Japanese companies are getting interested in investing in India, partnering with Indian companies," Bhargava said. He cited the example of Escorts Kubota, where the latter has become a promoter in the Indian farm equipment and construction equipment maker, and said, "I think this kind of partnerships between India and Japan is going to be a huge positive factor for the growth of Indian manufacturing." Bhargava noted that a lot can be learnt from the Japanese ..

Laying eyewear optic fibre to make 400 mn specs per year: Lenskart's Bansal

As part of that strategy, the SoftBank-backed firm is setting up the world's largest eyewear manufacturing plant in Bhiwadi, a city in Rajasthan

Manufacturing sector to be impacted in FY23 as exports take a hit: Report

The Indian manufacturing sector, which received a fillip in FY22 due to export growth, is likely to be hit by a slump in foreign trade activity in FY23, a report said on Thursday.

India's manufacturing activity expands at quickest pace in 8 months

Job creation is subdued though companies step up purchasing and report solid manufacturing activity

IIP growth up just 1.7% compared to pre-Covid periods, manufacturing lags

Flat growth may prompt the monetary policy committee not to go for an aggressive rate hike in August

SEZ 2.0: Regional boards to track development hubs on the cards

The commerce and industry ministry is drafting a legislation for the next chapter for SEZs that will see development of large manufacturing and investment hubs

Foxconn likely to set up EV manufacturing unit in India through Foxtron

Buzz is that the company may look at the Ford India unit near Chennai for its new facility; sources say group was already betting big in EV components through Bharat FIH

Manufacturing sector sees faster growth amid high inflation in Apr: PMI

India's manufacturing sector activities witnessed faster growth in April amid quicker increases in production as well as factory orders, and renewed expansion in international sales, a monthly survey said on Monday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 54.0 in March to 54.7 in April, as a retreat of COVID-19 restrictions continued to support demand. The April PMI data pointed to an improvement in overall operating conditions for the tenth straight month. In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction. "The Indian manufacturing PMI remained well inside positive territory during April, recovering some of the ground lost in March. Factories continued to scale up production at an above-trend pace, with the ongoing increases in sales and input purchasing, suggesting that growth will be sustained in the near-term," said Pollyanna De Lima, Economics Associate Director at S&P ...

Mfg to see Rs 23 trn inflows in Tamil Nadu by 2030-31: Industries minister

Thangam Thennarasu foresees creation of 4.6 million jobs; sector set to grow from $48 bn in 2020-21 to $250 bn by 2030-31

Addverb Technologies plans to build largest mobile robotics plant

The company is leveraging India's software prowess to build complex robots for the global market and lock horns with global compatitors

PLI scheme: Govt reopens application window for AC and LED lights

42 firms, including Daikin, Panasonic, Syska and Havells, with committed investment of Rs 4,614 crore, have been provisionally selected as beneficiaries under the PLI scheme for the white goods sector

'Strong demand outlook for domestic solar OEMs aided by policy measures'

Business prospects of domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over medium-term, rating agency Icra said. As a result, many domestic OEMs have announced sizeable capital expenditure to augment the cell and module capacity, including the capex for integrated facilities under PLI scheme by the winning bidders. However, it stated that timely commissioning and ramping up of ongoing capex in module manufacturing value chain remains a critical factor in the near to medium-term. As a result, adequacy of the modules from the domestic OEMs to meet the demand in utility & non-utility segment as well as quality of such modules remains a monitorable. "The policy focus by Government of India in the renewable energy (RE) sector remains strong as also evident from the policy target of 500 GW of non-fossil fuel-based capacity by CY 2030 as well as policy direction in the energy transition with net zero emission target by 2070," ...

Japan's Feb factory activity growth falls to five-month low: Flash PMI

Japan's manufacturing activity expanded at the slowest pace in five months in February as output contracted, underscoring the prolonged impact that global supply chain disruptions are having on Japan.

PLI scheme to unlock India's manufacturing capacity, says Icra

It has the potential to generate employment for millions (skilled and unskilled labour) in India, Icra said

Budget wishlist: Here are the key challenges in manufacturing sector

Measures need to be taken for MSMEs like enhancing the credit limit and access to finance

Manufacturing PMI eases to three month low in December amid Covid fears

Data showed that manufacturing PMI fell to 55.5 in December from 57.6 in November

NRI industrialist Lord Swraj Paul eyes UK, India acquisitions

The focus will be on the company's strengths in the manufacturing sector, with businesses in the field of steel products under consideration