Page 9 - Manufacturing
Garware Technical Fibres Q1 profit after tax up 80.6% at Rs 31.9 crore
Technical textiles manufacturer Garware Technical Fibres, formerly Garware-Wall Ropes, on Thursday posted an 80.6 per cent growth in profit after tax at Rs 31.9 crore during the quarter
 "Garware Technical Fibres Q1 profit after tax up 80.6% at Rs 31.9 crore")
You won't see Teslas in India anytime soon: Elon Musk will tell you why
The country's age-old, protectionist instincts have kept out international auto companies for decades.
 "You won't see Teslas in India anytime soon: Elon Musk will tell you why")
The 150-year trend that could help
Commercialisation of leisure could be the solution to many economic problems
 "The 150-year trend that could help")
US manufacturing increased in July amidst supply-chain problems
Growth in US manufacturing slowed in July amid ongoing supply-chain problems.
 "US manufacturing increased in July amidst supply-chain problems")
Hitachi 'reimagining' India as global hub for new age tech solutions
Hitachi is "reimagining" India as a global hub in terms of new age technologies and solutions which will drive its businesses in the country as well as global markets, a top company official has said.
 "Hitachi 'reimagining' India as global hub for new age tech solutions")
India's economic recovery stumbles, setting stage for sustained low rates
A contraction in India's services sector deepened as localized curbs to control the virus spread hurt consumer demand and business activity
 "India's economic recovery stumbles, setting stage for sustained low rates")
PAG to invest Rs 1,054 cr for majority stake in contract manufacturing firm
Vishal Shah will retain a significant minority stake in Acme and continue as managing director and CEO.
 "PAG to invest Rs 1,054 cr for majority stake in contract manufacturing firm")
Glenmark Lifesciences to double manufacturing capacity in five years
With formulation makers aiming at de-risk procurement by creating one more source for raw material other than China, the demand for APIs is rising, says company
 "Glenmark Lifesciences to double manufacturing capacity in five years")
Vikram Solar to set up 1.5 Gw module manufacturing unit in Tamil Nadu
The company said with this facility, its cumulative PV module capacity will reach 2.5 Gw, which is currently the largest in India
 "Vikram Solar to set up 1.5 Gw module manufacturing unit in Tamil Nadu")
Sales of listed private manufacturing companies jump 31% in Jan-Mar quarter
Sales of listed private manufacturing companies surged 31 per cent year-on-year in the fourth quarter of the last fiscal on favourable base as well price effect, according to RBI data
 "Sales of listed private manufacturing companies jump 31% in Jan-Mar quarter")
Exports see nearly 50% jump to $33 bn in June; trade deficit at $9.37 bn
India was a net importer, with trade deficit of $9.4 bn vs $710-mn surplus last yr
 "Exports see nearly 50% jump to $33 bn in June; trade deficit at $9.37 bn")
Maruti lines up Rs 18,000 cr investment for Haryana manufacturing plant
The country's largest carmaker Maruti Suzuki India (MSI) is planning to invest around Rs 18,000 crore on a new manufacturing facility in Haryana, as per a top company official.
 "Maruti lines up Rs 18,000 cr investment for Haryana manufacturing plant")
Global chip shortage: When will India have its own semiconductor plant?
The country needs to focus on creating a semiconductor ecosystem of its own, to avoid being crippled by shortages
 "Global chip shortage: When will India have its own semiconductor plant?")
Hero Electric Vehicles to invest Rs 700 crore in business expansion by 2025
Hero Electric Vehicles will invest Rs 700 crore by 2025 to rev up its business expansion, including setting up of a new manufacturing unit, for which it has raised Rs 220 crore to part-fund the activities, according to a top company official. The company is planning to set up a new manufacturing facility with an annual capacity of 10 lakh units besides increasing production at its current plant at Ludhiana to 3 lakh units per annum from 75,000 units at present, as it targets to sell around 10 lakh units a year by 2025-26. Moreover, it is also ramping up research and development (R&D), marketing, dealer network expansion, along with expanding its supply chain, service network and charging stations in order to cash in on the 'explosive growth' in demand for its electric two-wheelers. "What we're doing now is expanding our capacity from 75,000 units to about 3 lakh units. While we are building this up, we're also planning on the next facility which is going to be about a million ...
 "Hero Electric Vehicles to invest Rs 700 crore in business expansion by 2025")
Covid impact: 100 units close down at Chennai's Ambattur Industrial Estate
Dwindling orders, job cuts hit South Asia's largest SME cluster
Manufacturing trouble: Covid robs Moradabad's Brass City of its polish
SMEs struggling, recovery slow; rise in key raw material cost hurting exporters
 "Manufacturing trouble: Covid robs Moradabad's Brass City of its polish")
Govt may make Bureau of Indian Standards must for public procurement
The development comes in the backdrop of the government's focus on increasing manufacturing and production of goods in the country
 "Govt may make Bureau of Indian Standards must for public procurement")
Rated firms' credit quality improves in Q1, along with biz sentiment: CARE
Manufacturing, Infra firms see uplift; NBFCs face hit
 "Rated firms' credit quality improves in Q1, along with biz sentiment: CARE")
 "Luman Group Inks Joint Venture with Finnish Filter Manufacturer M Filter")
Playing field: India's toy story needs govt strongly backing the game
80% toys still imported, mostly from China; local industry suffers from lack of scale and innovation
 "Playing field: India's toy story needs govt strongly backing the game")
