Page 4 - Manufacturing Sector

Striking it big: ICICI Venture to raise $1 billion via three new funds

ICICI Venture is also looking at other opportunities such as investing in companies which are eligible for the production-linked incentive (PLI) scheme in the manufacturing sector

Firm boosts human effort in factories, using computer vision, deep learning

Drishti combines video and AI for data capturing in manufacturing to increase process efficiency and reduce defects

Incenza- Redefining Incense is Bringing Revolution in the Incense Stick Market With Its Path Breaking Innovation

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Q2 manufacturing outlook improves; cost of doing biz rises: Ficci survey

As per FICCI's latest quarterly survey, industry has attributed hike in production costs to high fixed costs, higher overheads for ensuring safety protocols, and reduction in volumes due to lockdown

India's industrial production grows 13.6% in June on low base effect

Growth in IIP was led mainly by the manufacturing sector, which grew 13%

PineCraft International Bags Indian Achievers' Award 2021 for Promising MSME

PineCraft International, a decorative lighting manufacturing company, won the award for their outstanding professional achievement and contribution to nation-building.

Moglix acquires used machinery e-commerce firm Vendaxo for undisclosed sum

Move is a step towards creating a sustainable, capital-efficient manufacturing ecosystem; Moglix aims to provide access to high-value capital goods at economical prices to manufacturers

PLI scheme for telecom: DoT issues guidelines, caps expenditure on R&D

If a company invests Rs 100 crore, it can account for Rs 5 crore as technology transfer and Rs 15 crore as R&D expenditure.

Oxygen diversion to have limited impact on manufacturing sector: Analysts

Revenues of small and mid-sized companies into metal fabrication, automotive components, shipbreaking, paper, and engineering may get impacted temporarily, says CRISIL.

PLI to drive capex in industrial sectors by 40-45 % in FY22: CRISIL report

India's GDP growth to be at 11 per cent in fiscal 2022, says report predicting two-phase economic recovery

Karnataka govt, Nasscom launch ER&D policy to foster innovation in state

50% rent reimbursement, recruitment assistance and investmengt subsidy on anvil for MNCs looking to establish new R&D facilities or expand existing ones

Atmanirbhar campaign in sync with globalisation, PM tells MNC heads

Says India to soon supply two vaccines to the world, many more will come, going forward

Labour turns to agri, construction as manufacturing fails to create jobs

Manufacturing accounted for 40 million jobs in 2019-20. In the first quarter this dropped to 24.6 million, implying a loss of over 15 million manufacturing jobs

Crompton Consumer: Strong demand, mkt share gains may help sustain growth

Jefferies estimates a 13% annual growth in topline during FY20-23, as well as margin expansion

China's manufacturing recovery rate softens in December: Surveys

China's manufacturing activity improved in December but at its weakest rate in three months as the economy recovered from the coronavirus pandemic while its trading partners struggled with rising infections, according to two surveys. A monthly purchasing managers index issued Monday by a business magazine, Caixin, slipped to 53 from Novembers 54.9 on a 100-point scale on which numbers above 50 show activity expanding. A separate PMI by an official industry group, the China Federation of Logistics & Purchasing, declined to 51.9 from the previous months 52.1. China is the only major economy on track to record positive economic growth in 2020 while the United States and Europe struggle with rising case numbers that have prompted governments to re-impose travel and business controls. Sub-indexes of exports and employment in both surveys rose but at a slower rate than December. We expect the economic recovery in the post-epidemic era to continue for several months, economist Wang Zhe .

82% MoUs with investors turned into actual projects past 10 years: TN govt

Refutes reports that only 9.4% of investment proposals in the state were converted to projects during that time

Return of rent-seeking

PLI schemes have already set off the expected lobbying

GDP contraction to job losses amid Covid-19: 2020, the year of new lows

The economy floundered, manufacturing contracted and job losses mounted across sectors and skill levels. The urban work force was hit the hardest.

PLI scheme to spur manufacturing, may add $520 bn to GDP in 5 years: Report

The production-linked incentive (PLI) scheme launched to boost local manufacturing may add USD 520 billion to the gross domestic product in the next five years, according to a report

Best of BS Opinion: Malnutrition among children, Brexit deal, and more

Here's a selection of Business Standard opinion pieces for the day