Page 2 - India's Manufacturing Sector

How China's export curbs are hurting Indian manufacturing growth

China's export restrictions on critical equipment have disrupted India's manufacturing sector, affecting industries like electronics, solar panels, and EVs, and delaying growth plans

Indian manufacturing ends strong 2024 with a soft note, Dec PMI at 56.4

According to the HSBC Final India Manufacturing PMI, compiled by S&P Global, this was the joint weakest growth rate of 2024

Zetwerk records Rs 17,564 cr GMV in 2023-24, valuation at $3.1 billion

Zetwerk raises $90 million in 2024, led by Khosla Ventures, Rakesh Gangwal, and Baillie Gifford, increasing its valuation to $3.1 billion

November PMI at 56.5 as India's manufacturing growth shows signs of strain

HSBC final India Manufacturing PMI for November matches September's eight-month low of 56.5

Industrial corridors helping India become global manufacturing giant: DPIIT

The four industrial corridors - Amritsar-Kolkata, Chennai-Bengaluru, East Coast Economic Corridor, and Bengaluru-Mumbai - have helped India become a global manufacturing powerhouse in the world, an official statement said on Tuesday. The Department for Promotion of Industry and Internal Trade (DPIIT) is celebrating the eighth anniversary of these new industrial corridors - Amritsar-Kolkata Industrial Corridor (AKIC), Chennai-Bengaluru Industrial Corridor (CBIC), East Coast Economic Corridor (ECEC), and Bengaluru-Mumbai Industrial Corridor (BMIC). "The establishment of these corridors has been a critical step toward transforming India's industrial landscape," the DPIIT said. Spread across key regions in India, each corridor was strategically designed to integrate industry and infrastructure, establishing world-class connectivity that supports rapid industrialisation. "With high-speed rail networks, modern ports, dedicated logistics hubs, and advanced airports, these corridors are .

Tata to create 500,000 manufacturing jobs in 5 years: N Chandrasekaran

India's manufacturing sector saw a 7.4 per cent rise in employment, with 1.3 million new jobs created in FY23

India's manufacturing under-performance Part 2: New clue from multi-plants

In multi-plant units, flexibility in hiring & firing labour comes from fact of having many plants. In single plants, there is no such flexibility, which renders use of contract labour more important

Stable policies, ease of doing biz to boost manufacturing: Experts

Stable policies and further improvement in the ease of doing business in states will help significantly boost the country's manufacturing sector's growth, according to experts. They also said that sectors like renewable energy, particularly in the solar segment and electronics, hold huge potential to promote domestic manufacturing and create thousands of jobs. The government has already taken a series of steps like rolling out the production-linked incentive scheme (PLI) for 14 sectors, tweaking tariffs and issuance of mandatory quality control orders for different products to support domestic players and increase manufacturing activities, they added. "Stable policies and further promotion of ease of doing business at the state level will help significantly boost the country's manufacturing sector growth," Sujoy Ghosh, vice president and country managing director, First Solar, said. The Make in India initiative provides a window of opportunity for companies looking at alternative .

Make in India needs a reset. It won't work unless we focus on exports

The trouble is that Indian manufacturers appear less and less interested in becoming export powerhouses

India's manufacturing PMI cools to 8-month low in Sept as output slows

'Mild setback' in manufacturing growth across India, according to HSBC survey

Govt's big job plan: Labour ministry to announce new employment schemes

The labour ministry is expediting discussions with various stakeholders about employment-linked incentive (ELI) schemes

PM hails 'Make in India', says nation has become manufacturing powerhouse

With his government's flagship 'Make in India' initiative completing 10 years, Prime Minister Narendra Modi on Sunday said India has become a manufacturing powerhouse and it is because of the country's youth power that the "whole world is looking up to us". As the Make in India' initiative marked its 10th anniversary last week, the prime minister talked about it in his monthly Mann Ki Baat' radio broadcast and said the success of this campaign includes the contribution of the country's big industries as well as small shopkeepers. "Today, it gives me immense joy to see that the poor, the middle class and MSMEs are getting a lot of benefit from this campaign. This campaign has provided an opportunity to people of every class to showcase their talent," Modi said. "Today, India has become a manufacturing powerhouse and it is because of the youth power of the country that the whole world is looking up to us. Be it automobiles, textiles, aviation, electronics or defence every sector in th

India's manufacturing incentives progress amid efforts to cut China imports

Incentives have resulted in production worth about Rs 11 trillion ($131.6 billion) and nearly one million jobs over four years, Amardeep Singh Bhatia said

Make in India 10th anniversary: PM Modi thanks all for 'roaring success'

Mobile manufacturing to renewable energy & electric vehicles, Prime Minister Narendra Modi highlights success under India's Make in India initiative which started September 25

Can India revive its manufacturing sector and create millions of jobs?

India needs nuanced policies, investment, and scale to unlock its manufacturing potential, writes Ajay Shankar

Made-in-India iPhone 16 series to hit global markets within days of launch

Apple is set to unveil its highly anticipated iPhone 16 series, which boasts new AI features, on Monday, with global sales expected to begin 10 to 12 days later

India to approve Rs 25,000 crore for shipbuilding and infrastructure

India's Maritime Development Fund (MDF) is likely to receive a Rs 25,000 crore boost to support low-cost, long-term indigenous manufacturing projects

Growth in Indian mfg sector slows to 3-mth low in August, PMI dips to 57.5

Indian manufacturers registered softer increases in new business and output during August

Piyush Goyal to chair meet with states on Sept 5, discuss industrial growth

Commerce and Industry Minister Piyush Goyal would chair a meeting of state industry ministers on September 5 to discuss ways to promote industrial growth of the country, an official said. As industry is a state subject, they are key stakeholders in promoting the sector, the official said. "Issues like ways to promote manufacturing, promotion of industries and state issues may come up for deliberations on September 5 here," the official added. The Centre is already taking a number of measures in this direction and that includes reducing compliance burden, promoting ease of doing business and setting up of industrial townships. Recently, the Government of India approved 12 new industrial cities in 10 states on the lines of Greater Noida in Uttar Pradesh and Dholera in Gujarat to boost domestic manufacturing with an estimated investment of Rs 28,602 crore. These industrial areas will be in Khurpia in Uttarakhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerala, Ag

Design in India, design for the world: PM Modi urges boost in manufacturing

Prime Minister Narendra Modi emphasised the importance of enhancing the quality of Indian products to ensure they meet global standards