Page 5 - Manufacturing Sector

AEO benefits continue even after switching operations to MOOWR: Expert

Operating under Section 65 of Customs Act, 1962 has no effect on AEO status

Sharp 23.9% GDP fall in Q1 will take at least a year to recover: Economists

Current year will continue with a drop of 7-7.5% which is lower than the earlier anticipated 10%

Manufacturing GVA rises in Q2; still a long way to go for turnaround

Experts said this did not indicate that there was a turnaround in manufacturing, as it continued to contract in volume terms

Samsung to infuse Rs 5,000 crore to expand Noida manufacturing plant

The export-oriented unit (EOU) is expected to be ready by January-February 2021 and attain commercial production by April 2021

Business optimism for Oct-Dec rises 57% over Q3 2020: D&B survey

Business optimism has witnessed an increase in the ongoing quarter supported by various measures taken by the government and the RBI to boost consumption demand during the festive season, says a survey. The fall in active cases of COVID-19 infected persons and the improvement in recovery rate also supported the business sentiment. The Dun & Bradstreet Composite Business Optimism Index stood at 46.2 for October-December 2020, registering an increase of 57.4 per cent as compared to the third quarter. The index is arrived at on the basis of a quarterly survey of business expectations. The latest survey was carried out in September and October and covered 350 chief executive officers and managing directors. The survey however revealed that optimism of respondents in the services sector has remained subdued and lower than the industrial sector across all parameters including sales, new orders, net profits, level of selling price and employees. "The improvement in the optimism level ...

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.

Global telecom gear MNCs urge govt to change norms, seek level field

Global equipment manufacturers call for sweeping changes to calculation of value addition norms

Three policy interventions could add billions of dollars to GDP: McKinsey

They could help key manufacturing value chains more than double their GDP contribution to $500 billion over the next seven years, says Oct 30 note

No manufacturing units in new industrial areas to curb pollution: Delhi CM

Kejriwal announced on Monday no manufacturing units will be allowed in new industrial areas of the city and these zones would be available only to services and hi-tech industries

1,000 SME mfg units set up under PMEGP in Kargil, Leh since 2017-18: KVIC

KVIC said it has set up nearly 1,000 different small and medium manufacturing units under the PMEGP in the Himalayan terrains of Kargil and Leh since 2017-18, creating over 8,200 jobs for local youth.

Govt gives digitisation push to labour codes, makes draft rules public

Number of rules will come down from over 80 to 42 for labour laws relating to industrial relations.

India must redefine its manufacturing sector to boost growth: Mukesh Ambani

The comments from Asia's richest man come as Prime Minister Narendra Modi's government is trying to revive an economy poised for a historic annual contraction

RBI launches latest round of quarterly survey of manufacturing sector

RBI launched the latest round of its quarterly Order Books, Inventories and Capacity Utilisation Survey of the manufacturing sector which will provide valuable inputs for monetary policy formulation

Pandemic relief: UP govt exempts industrial areas from double taxation

Earlier, industries falling under the jurisdiction of UPSIDA, were subject to tax/user charges levied by the nodal industrial development agency and the local district panchayat

India first, tie-ups, long-term strategy will boost mfg sector: Mahindra MD

Pawan Goenka Calls for plug-and-play infrastructure of the kind that Vietnam has for large-scale manufacturing

NTPC invites EoI for setting up manufacturing facilities in its plants

NTPC's power plants across the country have evolved into economic centres with robust infrastructure system in place

Open cells used in TV manufacturing to attract 5% import duty from Oct 1

The TV industry has been arguing that it is under pressure as price of fully built panel has gone up by 50% and customs duty of 5% on open cell would lead to a rise in TV price by about 4%

Self-reliance in manufacturing stumbles on massive import dependence

During 2018-19, foreign exchange spending mostly on capital goods stood at 25.5 per cent of total sales

Manufacturing share in India's GVA down to 15.1% in FY20: Exim Bank study

Recent performance of the sector points to underlying inertia, which has translated into greater dependence on imports to meet growing domestic demand

UP's first 'flatted factory complex' to come up in Agra for Rs 125 cr

The Rs 125 crore project will comprise 68 industrial units