Page 17 - Manufacturing

Customs clearance regulations making importers nervous

The government has raised import duties on several items and restricted import of many items subjecting them to import licensing

Sales of private manufacturing firms contracted 41.1% in first quarter

Aggregate sales of private sector manufacturing companies recorded a sharp contraction of 41.1 per cent year-on-year in the first quarter of 2020-21

Fix a sunset date

Open-ended tariff protection will affect competitiveness

DGFT's new rules for AC imports: Right move with little impact, say experts

While companies cannot import gas-filled AC units, there are no curbs on importing similar AC units without refrigerant

Aatmanirbhar mission to make India hub of manufacturing, services: Thakur

Under the Aatmanirbhar Bharat package, the government has identified certain sectors that will get a boost and introduced various schemes to benefit businesses, Thakur said

Focusing on large clients and deals, as opposed to new ones: Wipro CEO & MD

In the manufacturing space, the impact of the pandemic continues, says Wipro MD

Govt working on multiple fronts to make India a manufacturing hub: Kant

The government has been working on multiple fronts to position India as a truly global manufacturing hub with a strong focus on exports,Niti Aayog CEO Amitabh Kant said on Tuesday

Industrial recovery slow as manufacturing leads 8% fall in August IIP

Though September high-frequency indicators offer hope, August IIP data shows well performing FMCG sector went from green to red, while recovery turned stale for primary goods

IIP declines 8% in Aug, manufacturing output contracts 8.6%

The output of mining and power segments fell 9.8 per cent and 1.8 per cent, according to official data

Reform and incentives

Govt must seek to benefit manufacturing more broadly

Snapdeal on-boards over 5k manufacturer-sellers in 9 months, exceeds target

Adding new sellers will help the e-tailer to ramp up its Diwali sales plans as direct shipment to buyers help manufacturers move stocks faster to customers

Tamil Nadu to set up advanced manufacturing hub in partnership with WEF

It will boost end-to-end manufacturing of higher-tech products, higher-value sectors in the state, say officials

In times of job loss and insecurity, Malegaon emerges a successful outlier

None of the labourers working at power looms in Malegaon are migrant workers, said Yusuf, the union's chairperson

DPIIT shares list of 24 key sectors with ministries to boost manufacturing

The government wants to make India a self-reliant country in these segments, boost exports and become a global supplier

Even as Covid-19 rages, Indian economy's animal spirits are stabilising

Five of the eight high-frequency indicators compiled by Bloomberg News gained last month, while two were unchanged and one deteriorated

Raising tariffs is ineffective and bad for India's manufacturing prowess

The Bombay Club of the 1990s had lost its battle against the Rao-Manmohan Singh duo's tariff reduction policy, but has bounced back with greater energy now, thanks to the present regime's backing

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

Industrial production shrinks fifth month in a row, rate slows to 10.4%

Slowing pace of recovery and sluggish manufacturing output has experts worrying over Q2 GDP growth

India's factory output contraction eases to 10.4% in July: IIP data

Rating agency ICRA had expected a single-digit contraction in the upcoming print for the Index of Industrial Production for July 2020