Manufacturing

Auto components major Samvardhana Motherson International Ltd on Monday said its arm Motherson Electronic Components Pvt Ltd has secured incentives under the government's production linked incentive scheme. Under the latest approvals, MECPL (Motherson Electronic Components Pvt Ltd) has been included among the beneficiaries of the Electronics Components Manufacturing Scheme (ECMS) announced by the Ministry of Electronics and Information Technology (MeitY), for the production of enclosures for the consumer electronics industry, Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing. These incentives are for six years -- from FY26 to FY31, with an expected cumulative investment of Rs 1,900 crore over the investment period, it added. "MECPL is looking to create over 5,000 employment opportunities at its plant in Kanchipuram, Tamil Nadu, during the course of these incentives," SAMIL said. Motherson's inclusion in the ECMS initiative reflects its strong capabilities

December manufacturing PMI: New business continued to grow at a strong rate, but the pace was the slowest since December 2023

As we move into 2026, markets are likely to become far more selective. The phase when almost every stock rose together is over

India's industrial production grew at a two-year high of 6.7 per cent in November this year, driven by strong performances in mining and manufacturing, according to official data released on Monday. The factory output, measured in terms of the Index of Industrial Production (IIP), had expanded by 5 per cent in November 2024. The previous high was recorded at 11.9 per cent in November 2023. The National Statistics Office (NSO) revised the industrial production growth to 0.5 per cent for October 2025 from the provisional estimate of 0.4 per cent released last month. The NSO data showed that the manufacturing sector's output grew by 8 per cent in November 2025 from 5.5 per cent in the year-ago month. Mining production rose by 5.4 per cent against a growth of 1.9 per cent recorded a year ago. Power production contracted by 1.5 per cent in November 2025, compared to 4.4 per cent expansion in the year-ago period. During the April-November period of FY26, the country's industrial produc

China's growth highlights the need for India to shift policy support towards new firms, boost manufacturing, R&D spending, and empower states and cities to drive entrepreneurship and competitiveness

The deal includes sweeping tariff cuts, expanded services access, enhanced labour mobility and a long-term investment commitment

The finance minister stressed that fiscal management remains a priority and must be consistently upheld year after year

Across sectors-transport, manufacturing, smart cities, water systems, renewable energy-the design technology-led innovation is reshaping how India creates

The official manufacturing purchasing managers' index was 49.2, remaining below the 50 mark that separates growth and contraction for an eighth month

Jeh Aerospace has launched its next-generation Mach 2 manufacturing hub in Hyderabad, expanding capacity nearly fourfold and embedding AI, autonomous machining and digital-twin systems

Industry leaders at the Bengaluru Tech Summit said India's BioE3 Mission can succeed only with rapid scale-up, stronger industry-academia partnerships and sharper focus on downstream capacity

The government on Monday approved 17 projects entailing about Rs 7,172 cr investment across six categories under the Electronics Component Manufacturing Scheme (ECMS), underlining India's resolve and its decisive push into producing high-value components. These projects will lead to production worth Rs 65,111 crore cumulatively. "You have shown the way on how India will become major electronics manufacturing hub," Minister for Electronics and IT, Ashwini Vaishnaw said at an event announcing the second tranche of approvals. To achieve long-term success, India will have to focus on building design teams, ensuring six sigma quality standards in all products, and partnering with 'Swadeshi' suppliers in projects. Quality systems will be key part of evaluation process, the minister added. "The way geo-politics and geo-economics is emerging, the challenges will be bigger and in those challenging period your ability to have good supply chain control will define your resilience and ability

High-level panel led by NITI Aayog's Rajiv Gauba proposes scrapping or easing QCOs on over 200 products to cut compliance burden and boost manufacturing competitiveness

India's solar module manufacturing capacity is set to surpass 125 GW by 2025, more than triple the domestic demand of around 40 GW, creating an inventory surplus of 29 GW, according to Wood Mackenzie. The surge has been fueled by the government's Production Linked Incentive (PLI) scheme, which has spurred rapid factory expansion. However, the industry now faces overcapacity risks, compounded by a sharp decline in exports to the United States, where new 50 per cent reciprocal tariffs caused module shipments to fall 52 per cent in the first half of 2025. Several manufacturers have paused their US expansion plans and refocused on the domestic market. Wood Mackenzie warned that cost competitiveness remains a challenge. Indian-assembled modules using imported cells are at least USD 0.03 per watt more expensive than fully imported Chinese modules, while fully 'Made in India' modules could cost more than double their Chinese counterparts without government support. Protective measures,

Goods and services tax (GST) relief, productivity gains and tech investment led to a faster increase in new orders

S Mahendra Dev says sustaining growth towards Viksit Bharat 2047 hinges on private investment, cooperative federalism, and inclusive, sustainable development

Bery called for the future of manufacturing success to be built through fostering regional clusters focused on local competitive advantages and not a uniform national approach

BFSI, retail and manufacturing to drive the US-based IT firm Salesforce's growth in India over the next three years, a top executive of the company said. "The three-year agenda remains more or less the same. We still see a lot of growth coming out of the BFSI sector and retail sector. We see plenty of growth in manufacturing, travel, tourism, hotels and healthcare. So many of these sectors are showing pretty steady and good growth," Salesforce South Asia CEO Arundhati Bhattacharya told PTI. "Even smaller sectors, like real estate and education are showing pretty good growth. So in India, I would say that the growth remains pretty consistent in the areas that we have been in, and we continue to see momentum over there. With the newer kinds of technologies that are coming in, there is a lot of openness as to how it should be developed, or how it should be absorbed," she said. The global customer relationship management (CRM) technology solutions giant Salesforce expects its revenues t

Smartphone sector's GST collections are likely to top ₹65,000 crore this financial year; the smartphone industry has credited the PLI scheme for boosting exports

India's one Achilles heel in electronics production has been its heavy dependence on smartphones, that too a lot on exports