Page 18 - Manufacturing

Govt plans to offer Rs 1.6 trn package to lure global manufacturers: Report

The incentive program, being spearheaded by the country's policy planning body, uses the template of a scheme implemented earlier this year to draw businesses away from China

Rural India gets a mini-public works boost

A good kharif sowing season coupled with adequate monsoon rains has raised hopes that the rural economy would prop up consumer spending and incomes

India emerging as big manufacturing centre, says Ravi Shankar Prasad

Union Minister Ravi Shankar Prasad said that the global manufacturer ecosystem is realising that they must have other places apart from China as India is emerging as a big manufacturing centre

Top headlines: Japan to support firms moving to India, SC rejects exam plea

From Japan subsidising manufacturing firms moving to India or Bangladesh from China to IndiGo planning to shelve planned QIP if travel picks up, here are the top headlines of the evening

China's services sector sustains recovery as hiring picks up: Caixin PMI

Firms started to hire more in August after six months of layoffs, indicating some recovery in a labour market that has been hit hard by sharp falls in demand

A social contract for economic recovery

The case for cooperation on GST

Lessons from Covid-19: Leaders have to re-imagine biz, says Vipin Sondhi

A manufacturing business is ultimately about people. There is no substitute to face-to-face interaction, he said

China's manufacturing activity slows as flooding hits production

Robust services industry eclipses slower output growth in boost to recovery

Q1 GDP numbers just first instalment of a bad news story on economy

If not for the numbers on agriculture and government expenditure, the GDP growth print for the first quarter of 2020-21 would have been far worse

First economic contraction in 4 decades: India's GDP shrinks 23.9% in Q1, FY21

The first economic contraction since 1980, and maiden quarterly GDP fall on record, follows limited activity during the June quarter amid lockdowns to control the spread of the coronavirus pandemic

Manufacturing policies of govt to help firms shift base to India: ICEA

The electronics manufacturing policies of the Centre and the Uttar Pradesh government will pave the way for companies to shift their base from China to India, industry body ICEA said on Tuesday. Last week, the Uttar Pradesh government unveiled a new electronics manufacturing policy to attract companies looking to shift their manufacturing base to India in the post COVID-19 scenario. "UP is already home to approximately 60 per cent of the total manufacturing units relating to mobile phones and components and we are confident that with such incentivization and policy support the state would further witness the accelerated establishment of units...," ICEA Chairman Pankaj Mohindroo said in a statement. The India Cellular and Electronics Association (ICEA), which represents companies like Apple, Lava, Xiaomi, Vivo, Foxconn and Wistron, has been working with the state government since the past five-six years. ICEA said specific policy initiatives such as allowing dormitory facilities to

The jobs gloom

Increasing informal labour could affect growth

Loss of urban salaried jobs likely to have debilitating impact on economy

While informal jobs have returned, and even increased after being hit by the lockdown, formal jobs have not

Why Informal India cannot be 'Atmanirbhar' India

The romanticism around employment-generating and cost-cutting characteristics of these informal firms have made us believe that informality is forced by excessive cost of regulation

Emami to Tata Communications, these 5 stocks making a return with a bang

Shreepad S Aute & Ram Prasad Sahu analyse five stocks which have lagged the markets over the last two years but doubled in value since March 23

Apple decides to take the plunge by making India alternative exports hub

Making the country an alternative export hub to China makes sense for the US giant but competition in the domestic market could be intense

IIP contraction slows to 16.6% in June amid industrial activity relaxation

Seasonally adjusted, industrial production grows nearly 24% month-on-month

Govt to promote manufacturing of certain products to push exports: Gadkari

The government aims to attract foreign investments in pre-identified areas, promote joint ventures and support local businesses to expand India's share of global markets

India has trade deficit with 9 of top 10 commerce partners, shows data

While India has maintained a comfortable surplus of more than $17 billion with the United States, its largest export market, deficits have become deeper for all other nations

PLI scheme to be expanded to furniture, leather sectors as MEIS wounds up

The new scheme would replace the existing Merchandise Exports India Scheme (MEIS), introduced in April 2015