India has made progress in making its manufacturing sector more attractive to global investors, and ongoing changes in international trade policy would benefit India in the long run, a S&P Global study said on Monday. S&P Global India Research Chapter's study, titled 'India Forward: Transformative Perspectives', said that as economies adapt to evolving trade dynamics and tariff challenges, India can capitalise on this momentum for accelerated manufacturing growth and greater global supply-chain integration. A strategic shift towards local sourcing, proximity to end-markets, and enhanced regional integration should attract additional investment to the sector, accelerating India's technological advancement and manufacturing competitiveness and creating additional high-quality manufacturing jobs, it said. "Beyond the near-term, changes in global trade policy would catalyse supply-chain diversification, to the benefit of India," it added. The study said India has made "notable ...
HSBC India Manufacturing PMI rose to 58.2 in April from 58.1 in March, driven by solid expansion in new orders, job creation, and export demand despite rising prices
April 2025 Manufacturing PMI: New orders, especially international demand, grew at the fastest rate in 14 years, driving manufacturing output growth in April
Union Minister Ashwini Vaishnaw rolled out guidelines for the Electronics Component Manufacturing Scheme to boost domestic manufacturing, attract investments, and build a strong electronics ecosystem
Chinese imports of medical devices, viscose staple yarn, and gloves surge; industry seeks urgent anti-dumping measures
This leap would represent a doubling of the current module capacity of approximately 80 GW in 2025 and a significant rise in cell production capacity - set to increase eightfold
'Buoyant demand' helps sales by companies that report fastest drop in finished goods stocks: PMI survey
The rise was driven by stronger new orders growth, as the New Orders Index reached its highest level in eight months, supported by increased customer interest
The proposal, with an estimated investment of Rs 40,000 crore, is scheduled to be developed over the next 10 years, which is expected to create more than 15,000 jobs
As of October 2024, participating firms had produced $151.93 billion worth of goods under the scheme, or 37 per cent of the target that Delhi had set
The report calls for the continuation of the semiconductor incentive scheme beyond the initial $10 billion allocation to achieve India's manufacturing ambitions
The CEA also addressed the challenges faced by micro, small, and medium enterprises (MSMEs), particularly in light of changes introduced through Section 43B of the Finance Act
Focus on the manufacturing sector was among the primary suggestions made to the Finance Minister Nirmala Sitharaman during the pre-Budget consultations by a group of economists
Daikin Industries, Osaka, a Japan-based global manufacturer of air conditioning and refrigeration systems, will set up a joint venture with Taiwan's Rechi Precision to manufacture compressors in India at Sri City, Andhra Pradesh. Daikin through its local subsidiary, Daikin Airconditioning India and Rechi Precision, announced setting up a JV to "manufacture, design and sale rotary compressors for inverter & non-inverter ACs in India and some overseas markets, according to a joint statement. Though the company has not announced the investment, it said Daikin will be the majority partner in the JV. According to industry insiders, around Rs 1,000 crore will be invested in the JV in the next 5-6 years. "The joint venture is expected to become operational by the 4th quarter of FY24-25. The manufacturing facility shall be established at Sri City, Andhra Pradesh," it said. Established in 1989 in Taiwan, Rechi Precision is a global leader in the manufacturing of rotary compressors, motors
India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. It said that factors such as cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing Free Trade Agreements (FTAs) have played a critical role in helping these countries expand their export shares. The US has implemented stricter export controls and higher tariffs on Chinese goods to limit China's growth and expenditure towards technological progress. This has led to a fragmentation of global supply chains, prompting multinational corporations to seek alternatives to Chinese manufacturing. It said that India is seen as an attractive destination for companies looking to shift their manufacturing bases out of China and this shift offers the country a chance to enhance its domestic manufacturing capabilities, particularly in high-tech ...
HSBC final India Manufacturing PMI for November matches September's eight-month low of 56.5
Modi's government has imposed 40 per cent tariffs on Chinese solar panels and 25 per cent on cells, allocating about $3 billion in production-linked incentives for local manufacturers as part
The GIFT Nifty indicated a flat start, with an uptick of 12 points at 6:35 AM, trading at 24,464.5
India also hasn't been able to attract a greater portion of global foreign direct investment, even as FDI flows to China plummet, the Oxford Economics study said