Page 4 - India Manufacturing Growth

Amid China outbreaks, India can position itself as manufacturing hub: GTRI

With China witnessing repeated outbreaks of respiratory ailments, India can position itself as a global manufacturing hub by enhancing its supply chain capabilities and investing in healthcare infrastructure, think tank GTRI said in a report. India can leverage its workforce and manufacturing potential in sectors like mobile phones and laptops, the Global Trade Research Initiative (GTRI) said. According to the report, China has experienced several outbreaks due to close human-animal contact, including COVID-19 (2019), H7N9 bird flu (2013), H5N6 bird flu (2014), and H10N3 bird flu (2021). While these outbreaks had varying impacts, COVID-19 notably escalated into a global pandemic. These outbreaks, especially COVID-19, have prompted a reevaluation of global supply chains and reliance on China for manufacturing. Businesses are considering alternatives like reshoring or diversifying supply sources to mitigate risks. "India is positioned to benefit from this trend by enhancing its supp

IIP growth slows down to 3-month low of 5.8% in September: NSO data

The growth in manufacturing output decelerated to 4.5 per cent, whereas output in electricity and mining accelerated to 9.9 per cent and 11.5 per cent respectively from last month

iPhones assembled by Tatas to be a reality as Wistron clears plant sale

$125 mn estimated cost for buying K'taka unit

Manufacturing PMI at five-month low in Sept but remains strong: Survey

Job creation in industry continues as firms continue getting new business, says S&P Global

Statsguru: Attracting foreign direct investment will need more effort

Attempts to encourage more companies to manufacture in India for the rest of the world may be bearing some fruit

Foxconn CEO Young sees India as new manufacturing hub of the world: Report

Foxconn CEO and Chairman Young Liu says India has the capacity to build the ecosystem required to become a manufacturing hub faster than China

Uniqlo to expand its manufacturing bandwidth through 20 partners in India

Uniqlo has multiple production partners in India and is looking to expand this network through a large investment; CEO Tadashi Yanai says he wants Uniqlo to become the "best-selling retailer in India"

IIT-Madras launches electronic systems programme to boost manufacturing

IIT-Madras on Thursday announced the launching of a Bachelor of Science (BS) in Electronic Systems programme to meet the fast-emerging demands of the indigenous electronics industry.

Cloud conglomerate Cisco likely to pick Flex as manufacturing partner

The manufacturing process will begin in Flex India's manufacturing unit, which is located in Chennai's Oragadam Special Economic Zone (SEZ)

India as the world's factory: China may be in denial

It is interesting that the myths around the influence of Confucianism on Southeast Asia come not from Chinese scholars but from futurologist Hermann Kahn

India has potential to lead fourth industrial revolution: PM Narendra Modi

Prime Minister Narendra Modi on Friday said India has the potential to lead the fourth industrial revolution and the government has worked on reforms to make the country a manufacturing hub of the world. He said that the fourth industrial revolution is as much about new technology, as it is about innovative thinking. "Due to various factors, India may have missed being a part of earlier industrial revolutions. But India has the potential to lead Industry 4.0, because, for the first time in recent history, we have many different factors like demography, demand and decisive governance coming together," he said through a message. The Prime Minister's message was read by a Joint secretary of the Ministry of Heavy Industries here at the conference on Industry 4.0. Modi added that the industry and entrepreneurs play a key role in making India a vital link in global value chains. "We have worked on reforms and incentives to make India a tech-powered manufacturing hub of the world," he ..

India's manufacturing growth stays robust in Aug, inflation eases

S&P Global's Manufacturing Purchasing Managers' Index dips slightly to 56.2 in August from 56.4 in July

After mobile phones, India eyes smartwatches, earbuds manufacturing

The government on Tuesday announced a new Phased Manufacturing Programme (PMP) for producing wrist wearable devices, hearable devices and electronic smart meters in the country.

India's Q3 manufacturing outlook improves, cost of doing biz concern: FICCI

The outlook for India's manufacturing sector seems to have improved in the October-December 2021 quarter even as the cost of doing business remains a cause for concern, according to a FICCI survey.

India will be among top 5 bio-manufacturing hubs by 2025: Jitendra Singh

India will be among the top five countries to be recognised as a global bio-manufacturing hub by 2025, Union minister Jitendra Singh said on Friday, noting that India's bio-economy is on way to achieve USD 150-billion target from the current USD 70 billion. He was speaking here after releasing the Genetic Version of Indian rice and chickpea (DNA panArray) developed by National Institute of Plant Genome Research (NIPGR). The Union Minister of State (Independent Charge) Science & Technology said India will be within the top five countries to be recognised as a Global Bio-manufacturing Hub by 2025. "India's Bio-Economy is on way to achieve 150-billion-dollar target from the current 70 billion-dollar to contribute effectively to the Prime Minister's vision of a 5 trillion-dollar economy by 2024-25," he said. Referring to Prime Minister Narendra Modi's 75th Independence Day Speech from the Red Fort, Singh said the roadmap for the next 25 years will be determined by scientific and ...

Manufacturing growth falls in Aug on Covid curbs, rising input costs: PMI

The index for manufacturing fell to 52.3 in the month from 55.3 in July, forcing companies to pause their hiring efforts

Manufacturing PMI drops to 50.8 in May from 55.5 the previous month

The seasonally adjusted Purchasing Managers' Index (PMI) for manufacturing stood at 50.8 in May, down from 55.5 in April

JSHL Q4 net grows over three-folds to Rs 350 crore on increased income

Jindal Stainless Hisar Ltd (JSHL) on Tuesday reported an over three-fold jump in its consolidated net profit at Rs 350.65 crore for the quarter ended March 31, mainly on account of increased income.

Factory orders, production rise at slowest rates in 8 months in April: PMI

India's manufacturing sector activity was largely flat in April, as rates of growth for new orders and output eased to eight-month lows amid the intensification of the COVID-19 crisis

India's recession exit gains momentum on services, manufacturing

Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago