Factories

Global factory growth faces hurdles as tariff fears cloud outlook

Factory activity in South Korea contracted for the fifth straight month though the pace of decline eased on relief over a snap presidential election on June 3 that ended six months of uncertainty

Growth hits a green wall: Can Indian factories outgrow environmental norms?

A Supreme Court stay on eased green norms has stalled large-scale construction, reigniting a long-running clash between industrial growth ambitions and environmental safeguards

New project announcements at all-time high in March quarter: CMIE data

Electricity projects dominated the landscape, accounting for Rs 8.8 trillion in new announcements, surpassing manufacturing, which recorded Rs 6.3 trillion worth of new projects

Uttar Pradesh govt sees 40% jump in registered factories in 2 years

Uttar Pradesh has witnessed an increase of nearly 14,000 registered factories over the past eight years under the Yogi Adityanath government

62 accidents reported at ordnance factories in 2024: Govt to parliament

As many as 62 industrial accidents were reported at ordnance factories across the country in 2024, the government informed Parliament on Monday. Minister of State for Defence Sanjay Seth said this in a written response to a query from Congress MP Randeep Singh Surjewala who sought to know the number of industrial accidents, including blasts, reported at ordnance factories during the past five years. In his response, the minister shared that 62 accidents were reported at the 41 Ordnance Factories (now DPSUs) in 2024, 75 in 2023, 83 in 2022, 74 in 2021 and 54 in 2020. The ministry was also asked about the steps taken to provide compensation and support to the families of the deceased and to the injured workers and whether the government was considering any long-term healthcare or rehabilitation support for the injured, especially those who may suffer long-term physical or psychological trauma. The compensation and support to the families of the deceased workers and to the injured ...

Asia's factories end 2024 on weak footing as Trump 2.0 risks loom large

US President-elect Trump has pledged to impose big tariffs on imports from three major trading partners Mexico, Canada and China

Boost enforcement mechanism to prevent child labour: Centre to states, UTs

The labour ministry asked states to make use of the online portal Platform For Effective Enforcement for No Child Labour for complaints

Li-ion battery plants being built to flood mkts with more cells than needed

Manufacturers have announced so many new factories that capacity will outstrip demand for the rest of the decade

Dhoni-backed EMotorad to build world's biggest electric cycle gigafactory

With an initial production capacity of over 500,000 e-cycles annually, the gigafactory aims to meet the rising demand for alternative modes of transportation

TMS 588: Domestic airline crises, megafactories, crypto-run, dry powder

Why do airlines go bust? How can India build megafactories like China? Will Bitcoin's dream run continue in 2024? What is dry powder? All answers here

Five states account for more than 70% of on-site worker fatalities

Although the number of factory workers being injured has declined, fatal injuries have increased in the last five years. In 2017, as many as 18 per cent of injuries led to deaths

Asian factories grapple with rising costs amid ongoing Israel-Hamas war

The data are a discouraging sign for the global economy, which has seen its bid for recovery threatened by uncertainty over the Israel-Hamas war and the prospect of wider conflict in the region

New private projects decline 79% in second quarter, shows CMIE data

The government's new project announcements, which typically include roads and other public infrastructure, are down 72.5 per cent year-on-year to Rs 0.4 trillion in September 2023

China's manufacturing contracts in July dragging down Asia factories

The Caixin manufacturing purchasing managers index declined to a six-month low of 49.2 in July from 50.5 in June, below the key 50 level that marks a contraction, a private survey showed

Most factories jumped on contract-work bandwagon even before pandemic hit

Of the 198,628 organised factories surveyed, 98.4% of them employed contract workers in 2019-20, significantly up from around 71% in the previous year

Women can now work at night in Delhi factories; Kejriwal govt changes rules

Tamil Nadu, Maharashtra, Uttar Pradesh, Himachal Pradesh and Haryana governments had previously allowed factories to employ women on night shifts

Managing reform risks

Karnataka cannot relax after its bold move on labour law changes and should focus on their careful execution

Why the govt shouldn't just privatise factories but infrastructure too

India should consider a reverse Build Operate Transfer (BOT) model wherein the government finances a project on the EPC basis, and then when it's ready, it auctions it off to the private sector

Indian factories growing larger, getting clustered: Economic Survey

Number of persons engaged in larger factories was up 13.7 per cent compared to 4.6 per cent in smaller factories

'Three deaths every day': Labour safety under construction in India

As many as 3,331 deaths were recorded between 2018 and 2020, but only 14 people were imprisoned for offences under the Factories Act, 1948, during the same period, reveals data