Page 7 - Manufacturing

Hike in import duties on components of mobile devices may nix PLI benefits

High component cost may push up mobile prices by 18%

Domestic auto components industry to see 15-17% revenue growth this fiscal

The industry may again see double-digit growth in FY23, given that the impact of the Omicron variant is limited

TSMC to invest record $44 billion on chip capacity expansion in 2022

For the October-December period, TSMC's net profit reached a record NT$166.23 billion

Asia's factory activity grows in Dec as firms take Omicron risks in stride

For now, the direct hit from Omicron on output appeared subdued, according to surveys released on Monday and Tuesday.

Sun Pharma to set up new manufacturing plant in Andhra Pradesh

Sun Pharma is the fourth largest specialty generic pharmaceutical company in the world

Indian electronics manufacturing sector to touch Rs 7 trn next fiscal

The government continues to make efforts to move up in the global electronics supply chain and is expected to come up with new policies and incentive schemes for wearables and IT hardware

Omicron spread: Night curfews may affect services sector recovery

During the first wave of the pandemic in 2020, a contraction in the services sector was sharper than in manufacturing and took seven months to return to expansion territory.

Uttar Pradesh CM Adityanath proposes drone manufacturing unit in state

The chief minister proposed the drone manufacturing unit, given the importance of unmanned aircraft in various fields such as disaster relief, agriculture, and law and order, a spokesperson said

UP aiming to become semiconductor hub as India expects massive investment

The Yogi Adityanath government has promised to offer a slew of incentives and support to the companies and technology startups for setting up semiconductor units in the state

Green themes of 2022

Expect to see more local manufacturing announcements in 2022

Japan's Oct machinery orders rise for first time in 3 months: Govt data

World's third-largest economy is set to post a solid rebound this quarter after a larger-than-expected contraction in July-September.

Apple reportedly stopped assembly line for several days in October

Apple was forced to stop its assembly line for several days first time in more than 10 years due to supply chain limitations and China's ongoing power restriction in October.

Top headlines: Int'l flights not from Dec 15; Nov GST mop up at Rs 1.31 trn

Business Standard brings you the top stories on Wednesday

Factories facing supply headaches as Omicron variant risks emerge

Towards the end of the month, the newly-detected Omicron coronavirus variant emerged as a fresh worry for policymakers

Shakti Pumps makes foray into manufacturing of motors, chargers for EVs

Shakti Pumps India manufactures and supplies solar pumps and motorised pumps

VAV Life Sciences unit to reach 40% of global mRNA lipid capacity next yr

Firm expanding mRNA lipids capacity 10-fold, overall plant capacity by 6 times by June

Kennametal India posts over 2-fold jump in net profit to Rs 28 crore

KIL on Tuesday posted an over two-fold jump in its consolidated net profit

'Toyconomy': Has new regulation translated into growth for toy industry?

Fresh rules on product standards and a steep rise in basic customs duty have altered the dynamics of the industry but not necessarily to the benefit of small players

Mandaviya urges pharma industry to make India a manufacturing hub

Union Chemicals and Fertilisers Minister Mansukh Mandaviya on Wednesday urged the pharma industry to make India a manufacturing base as the country is a safe destination for investments. Addressing the Investor Summit on 'Opportunities & Partnerships in Pharma & Medical Devices', the minister spoke about the government's pro-industry reforms and efforts to make India the best investment destination in the world. "I would like to tell investors what PM Modi has already said. Please come and manufacture in India, set up industry here. The country provides a safe investment environment as you would find in your own countries," Mandaviya said in an online event. He noted that the government has been taking constant steps to enhance investments in the country and the global pharma industry should take benefit from it. There were no biases against people coming to invest from outside and everyone was treated equally, Mandaviya said, outlining the reasons for growth of the industry ..

Dixon CMD Interview: Sunil Vachani on how PLI scheme can be a gamechanger

In this exclusive interview, Dixon Technologies CMD Sunil Vachani talks about what his company wants to achieve through the PLI scheme, its planned investments and acquisitions, besides much else