Page 6 - Manufacturing Sector

August manufacturing activity hits growth after 4 months, PMI rises to 52

New orders pulled up output, but job losses continue for 5th month

GDP data: No surprises here; need different policy measures to stem the rot

The only sector to show growth is agriculture, while the government sector disappointed with public admin de-growing by 10.3 per cent

For achieving self-reliance in defence, focus on other sectors must: PSA

VijayRaghavan said the ongoing coronavirus pandemic has highlighted how vital it is to be protected from the disruption of global supply chains

India will need to find jobs for additional 90 mn, says McKinsey report

The figures do not include 55 million women who may come back to the labour force to "partially correct the historical underrepresentation"

Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts

Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on Aug 31, they said

Samsung plans producing Rs 3.7 trn worth mobile phones in India over 5 yrs

People aware of the discussion said the company will be manufacturing smartphones worth Rs 2.2 trillion, priced above Rs 15,000 per unit, under the production-linked incentive (PLI) scheme

HP starts PC manufacturing operations at Flex's facility near Chennai

Plant will make desktops and workstations that meet current and future customer needs; Unit has access to nearby port and HP's spare parts facility in Bengaluru

Restrictions on TV imports to help domestic industry build capacities: ICEA

The government on last Thursday imposed restrictions on TV imports, a move aimed at promoting domestic manufacturing and cut inbound shipments of non-essential items from countries like China

Strain on global manufacturing eases as euro zone returns to growth

Factories appear to be playing their part in the bloc's potential recovery

China industrial profits rise 11.5% in June, signal economic recovery

After a record slump early in the year, China's economy rebounded more than expected in the second quarter

Apple starts manufacturing flagship iPhone 11 model at Chennai plant

Sources said this could be the beginning of a new era for Apple, which is preparing to begin manufacturing its newly launched iPhone SE (2nd Generation) of handsets in India

Q1 early-bird results better than expected; IT, financial services do well

However, analysts expect the numbers to deteriorate as more companies announce their results

Those who kept goods moving during Covid deserve praise

Improved money supply helped revive the global demand. However, the demand in the domestic economy did not pick up enough

Only 10% manufacturing units report higher output in Apr-Jun: Ficci Survey

The proportion of manufacturing units reporting an increase in output dropped to 10 per cent during April-June 2020 from 15 per cent in the previous quarter, according to a quarterly poll by industry body Ficci. The survey, which drew responses from over 300 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 2.5 lakh crore, revealed that the automotive sector is the worst hit in terms of ongoing operations in the factories as per the demand and current orders post easing out of lockdown restrictions. Other sectors where operations remain abysmally low are leather and footwear, electronics and electricals & textiles machinery. Moreover, the percentage of respondents expecting low or same production is 90 per cent in April-June 2020-21 which was 85 per cent in the last quarter of 2019-20. Hiring outlook for the manufacturing sector shows a bleak picture as 85 per cent of the respondents mentioned that they are not likely to hire ...

India ranks 3rd in global manufacturing locations among 48 nations: Report

China and the US retain the top two positions, while India has moved one place higher to rank third

Payment of advance does not create lien over supplier's assets: Expert

Your rights arise only from the contract between you and the supplier, say expert

India is not much behind in capability, what we lack is scale: Gokaldas MD

Self-dependence should be interpreted as producing high quality goods required for Indian and global consumption in India with as much value addition as possible in the country, he said

India has the ability to reduce dependence on China, cut deficit: Report

The trade deficit contraction estimate has been made for FY22, assuming for a fourth of the items in the 40 specified sectors being sourced locally, Acuite Ratings and Research said.

Lockdown woes: Mining shrinks 27%, manufacturing falls 64% in April

Industries such as vehicles, furniture, leather, tobacco, electrical equipment and fabricated metals recorded a contraction of more than 90 per cent during the month

India must shed its protectionist attitude: Ex-CEA Arvind Subramanian

If we turn protectionist, I don't know how can we be an exporting power. Self-sufficient exporting powerhouse is an oxymoron," he said.