Page 3 - India's Manufacturing Sector

Gains in manufacturing and services sectors push flash PMI to 60.9 in June

The survey also noted that pace of job creation was at its strongest in over 18 years

Modi govt focusing on boosting manufacturing, says EAM Jaishankar

Boosting India's domestic manufacturing and the overall economy will provide much more resources in its foreign policy toolkit to expand the country's influence globally and compete with China on the economic front, External Affairs Minister S Jaishankar said. India under the leadership of Prime Minister Narendra Modi has been focusing on enhancing domestic manufacturing in the last 10 years as there was a neglect of the sector before 2014 and it created many problems for the country, Jaishankar told PTI in an exclusive interview. He also suggested that lack of focus in the past to the manufacturing sector is linked to the upward trajectory in India-China trade notwithstanding New Delhi's position that normalisation of ties with Beijing is dependent on the resolution of the eastern Ladakh border row. "We need to be confident. I am clear that international politics, international relations are competitive. I have a neighbour like China. I have to learn to compete," he said. "By my .

PLI for electronics parts: Meity seeks info on production competitiveness

Meity has held numerous consultations with industry players and is hoping to launch the scheme as part of its 100-day agenda after the new government is formed after the general elections

Women representation in mfg sector to touch 40% by year-end: TeamLease

There has been a significant increase in demand for women apprentices in the manufacturing sector, as factories are increasingly adopting gender-agnostic recruitment practices, a sharp departure from traditional hiring norms and underscore the industry's commitment to fostering inclusive work environments. According to staffing company TeamLease, in the past 8-10 months, there has been a remarkable five-fold surge in demand for young women who have completed class 10/12 to be appointed as apprentices, reflecting a shifting landscape in India's workforce dynamics. The surge in demand for women apprentices is primarily driven by the booming sectors of auto, Electric Vehicle (EV), electronics, and phone manufacturing. "This surge is anticipated to lead to a significant increase in the representation of women apprentices, reaching up to 40 per cent by the end of the year," said Sumit Kumar, Chief strategy officer at TeamLease Degree apprenticeship. Kumar stressed on integrating an ...

India must focus on manufacturing to compete with China: EAM Jaishankar

To compete with China on the economic front, India should focus on manufacturing, a key sector which was ignored by governments before Prime Minister Narendra Modi came to power in 2014, External Affairs Minister S Jaishankar has said. Noting that tension at the border with China has caused "abnormality" in New Delhi-Beijing relations, he said India's thinking is absolutely clear that unless there is peace and stability in the border areas, the ties between the two Asian powers will not improve. "If we have to compete with China, which we should, then its solution is that we should focus on manufacturing here. Our approach towards manufacturing has changed after Modiji came to power. Before that, people did not give much emphasis on manufacturing," Jaishankar said during his interaction with industry leaders at a programme in Surat on Monday. There is no other way to counter China on the economic front, insisted the career diplomat-turned-politician while replying to questions from

India must focus on manufacturing to compete with China: Jaishankar

To compete with China on the economic front, India should focus on manufacturing, a key sector which was ignored by governments before Prime Minister Narendra Modi came to power in 2014, External Affairs Minister S Jaishankar said on Monday. He noted that tension at the border with China has caused "abnormality" in New Delhi-Beijing relations, and added India's thinking is absolutely clear that unless there is peace and stability in the border areas, the ties between the two Asian powers will not improve. "If we have to compete with China, which we should, then its solution is that we should focus on manufacturing here. Our approach towards manufacturing has changed after Modiji came to power. Before that, people did not give much emphasis on manufacturing," Jaishankar said during his interaction with industry leaders at a programme in Surat. There is no other way to counter China on the economic front, insisted the career diplomat-turned-politician while replying to questions ...

Mfg should contribute quarter to India's economic growth: M&M Group MD

The manufacturing sector needs to contribute a quarter to India's economic growth amid its ambition of becoming a USD 30-trillion economy by 2030 and a developed country (Viksit Bharat), M&M group Managing Director and CEO Anish Shah said on Friday. Sharing his perspective on the role industries and enterprises will have to play in accelerating national growth and economic prosperity at the third ABP Network's 'Ideas of India Summit 3.0' here, he also said over the next seven years, Indian GDP is expected to add as much to the global GDP as the entire European Union combined. The two-day event, which began here on Friday, has seen the participation of policymakers, cultural ambassadors, industry experts, celebrities, business leaders, economists, among others. "India envisions to be a 30-trillion economy by 2047 to be a Viksit Bharat. This means manufacturing should be 25 per cent of GDP... We should be more ambitious and make manufacturing grow 16 times and exports grow 11 ...

India's Feb business activity accelerates to 7-month high on solid demand

That bolstered the view for the coming 12 months with optimism among manufacturers at the highest since December 2022

Boeing's manufacturing under scrutiny: How did a jet end up with big hole?

The 'door plug' that blew off an Alaska Airlines plane most likely had manufacturing or installation flaws

Tata's TCIL to invest over Rs 1,785 cr in manufacturing unit in Jamshedpur

The Tinplate Company of India Ltd (TCIL), a unit of Tata Steel, on Friday said it will invest Rs 1,787 crore for setting up a 3-lakh-tonnes-per-annum manufacturing facility in Jharkhand's Jamshedpur. The facility, an expansion project, is scheduled for commissioning in 2026, and is likely to generate about 600 direct and indirect employment opportunities, TCIL said. A pact was inked between the company and the Jharkhand government in this regard at a ceremony to mark the completion of four years of the JMM-led government in the state. "... This landmark MoU heralds the establishment of a cutting-edge 300,000 Tons per Annum (TPA) manufacturing facility in Jamshedpur, backed by an investment of approximately Rs 1,787 crore," TCIL said in a statement. The facility will not only enhance Tinplate's manufacturing capabilities with advanced technology and automation, but also contribute significantly to both domestic and export markets, bolstering the state's industrial growth, it said.

NITI plans to boost India's electronics, auto global value chain share

In talks with industry, Centre, states for 4-pronged strategy

Manufacturing sector expected to reach $1 trn by 2025-26 led by Gujarat

The automobile, electronics, and textile sectors in India have witnessed surge in investment and will lead the manufacturing sector's growth in India, according to a report by Colliers

Disbursal of Rs 79 cr under PLI for white goods expected in last quarter

The government is expected to disburse Rs 79 crore fiscal incentives under PLI for white goods in the last quarter of this financial year as certain selected beneficiary firms have started production, a senior official said. The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components. The official also said that the target of Rs 11,000 crore incentive disbursement for different sectors under the scheme during the current fiscal may fall short. "Lot of the disbursement will come in the last fiscal. Lot of projects are in gestation period. In the white goods sector, we are expecting about Rs 79 crore disbursement in the last quarter," the official said. Of the 64 selected beneficiaries of the PLI scheme under the white goods segment, 15 have started production. These 15 beneficiaries had opted for a gestation period of up to March 31, 2022. Rest of the beneficiaries who opted for gestation period o

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

Amrit Kaal 2047: Manufacturing a prosperous Bharat

40 per cent of the net value added in manufacturing today is from just 3 states - Maharashtra, Gujarat, and Tamil Nadu

Made-In-India Honda Elevate ready to run on Japanese road next year

Japanese auto major Honda is all set to introduce its India-made mid-sized SUV Elevate in the Japanese market next year. It would be the first instance that a product manufactured by Honda Cars India Ltd (HCIL), a wholly-owned unit of the Japanese firm, will be exported to the highly regulated Japanese market. HCIL is rolling out Elevate from its Tapukara (Rajasthan-based) production facility. "After its successful debut in India earlier this year, Elevate is scheduled for Spring 2024 launch in the Japanese market under the brand name WR-V," an HCIL spokesperson said in a statement. In a first for HCIL, the model will be manufactured in India and exported to Japan, it added. "This strategic move is a strong reflection of manufacturing capabilities of India operations and also solidifies our vision of making the country a key export hub in Honda business," the spokesperson said. The company's Tapukara-based plant is fully equipped to take care of the domestic as well as export ...

India's October manufacturing PMI slips to 55.5, lowest in eight months

The hiring activity and business confidence slipped to a five-month low in October, said S&P Global

Number of women in blue-collar jobs increasing across manufacturing sector

As companies move to be more gender inclusive

Make India a global hub for manufacturing: Piyush Goyal to industrialists

Commerce and Industry Minister Piyush Goyal on Thursday asked the domestic industry to accelerate production activity and contribute to making India a global manufacturing hub. Addressing industry leaders during a 'Chintan Shivir - unleashing the power of India's manufacturing industry', Goyal said the government has taken a number of steps to support the manufacturing ecosystem. "He asked the industry to accelerate production activity and contribute to making India a global hub for manufacturing," the commerce and industry ministry said in a statement. Representatives from CII, Ficci, Assocham, and the automobile sector, along with knowledge partners BCG and McKinsey, participated in the deliberations. "The focus was to understand and deliberate on increasing manufacturing capacities across various sectors and enhance contribution to GDP by 2030," it said. The discussions took place on 12 sectors, including textiles, capital goods, defence, aerospace, space, metals, leather, min

AMSL to defence equipment manufacturing facility in Telangaga at Rs 150 cr

Apollo Micro Systems Ltd (AMSL) is planning to set up a defence equipment manufacturing facility in Telangana at an investment of Rs 150 crore. The proposed facility will come up on an area of 3 lakh sq ft at its facility in Hyderabad, AMSL said in a statement on Monday. "Apollo Micro Systems Ltd proposes to set up a state-of-the-art defence equipment manufacturing facility in Hardware Park, Hyderabad. The company has estimated total investment in the upcoming ventures to be around Rs 150 crore," it said. The company said it is planning to complete the project in nine months. The company recently incorporated a wholly owned subsidiary -- Apollo Defence Industries Private Ltd -- to take forward its plans of manufacturing defence equipment. This subsidiary will focus on forming alliances and technological partnerships with international companies to provide cutting-edge defence solutions and serve the nation, the statement said. Baddam Karunakar Reddy, Founder and Managing Director