Page 5 - India's Manufacturing Sector
Foxconn likely to set up EV manufacturing unit in India through Foxtron
Buzz is that the company may look at the Ford India unit near Chennai for its new facility; sources say group was already betting big in EV components through Bharat FIH
 "Foxconn likely to set up EV manufacturing unit in India through Foxtron")
Will the govt's plan to prune import dependency in a new avatar work?
The aim is to boost domestic output, without raising tariffs or providing subsidy, of items on whose imports India is heavily dependent. The plan is to start with consumer and capital goods
 "Will the govt's plan to prune import dependency in a new avatar work?")
Goyal reviews progress of National Industrial Corridor Development Program
The program is a pan-India initiative involving development of 'plug and play' infrastructure which is aimed at boosting manufacturing ecosystem in the country, Goyal said
 "Goyal reviews progress of National Industrial Corridor Development Program")
Will a services exports-driven economic growth strategy work for India?
While Covid hit services exports harder than manufacturing, the share of the former in global services exports seems to support the call experts have made in favour of the sector
 "Will a services exports-driven economic growth strategy work for India?")
Ambuja Cements' shares fall nearly 6% on weak results in Dec quarter
On BSE, the scrip closed 5.87 per cent lower at Rs 338.3; Intra-day, it was trading at Rs 337.2
 "Ambuja Cements' shares fall nearly 6% on weak results in Dec quarter")
Manufacturing sector will need continued policy support: RBI article
The manufacturing sector will need continued policy support for smoother and faster recovery to attain the long-term trend path, according to a Reserve Bank article.
 "Manufacturing sector will need continued policy support: RBI article")
Bigger firms pass on surging input costs to consumers, smaller ones stuck
Smaller manufacturers are resorting to cuts in the wage bill to keep afloat, as the demand situation in the economy remains low
 "Bigger firms pass on surging input costs to consumers, smaller ones stuck")
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
 "Factory orders, production rise at slowest rates in 8 months in April: PMI")
Oxygen diversion to have limited impact on manufacturing sector: Analysts
Revenues of small and mid-sized companies into metal fabrication, automotive components, shipbreaking, paper, and engineering may get impacted temporarily, says CRISIL.
 "Oxygen diversion to have limited impact on manufacturing sector: Analysts")
India plans higher levy on some imported goods to boost local manufacturing
Refrigerator, washing machines, cloth dryers, aluminum and electrical goods are among products likely to see an increase in customs duty, the people said asking not to be identified citing rules
 "India plans higher levy on some imported goods to boost local manufacturing")
PLI scheme: Lava seeks to reboot with first locally made smartphone
Wishes to cash in on geopolitical situation, hopes anti-China sentiment will work in its favour
 "PLI scheme: Lava seeks to reboot with first locally made smartphone")
What ails Indian manufacturing? Industry captains speak their minds
The manufacturing sector has been languishing long before coronavirus, despite the intended push from Make-in-India; Business Standard attempts to find out why
 "What ails Indian manufacturing? Industry captains speak their minds")
Japan to subsidise manufacturers if they shift to India from China: Report
The subsidy aims to reduce Japan's reliance 'on a handful of links' in its supply chains, says Nikkei Asian Review.
 "Japan to subsidise manufacturers if they shift to India from China: Report")
August manufacturing activity hits growth after 4 months, PMI rises to 52
New orders pulled up output, but job losses continue for 5th month
 "August manufacturing activity hits growth after 4 months, PMI rises to 52")
Make Indian manufacturing competitive to curb Chinese imports: R C Bhargava
He also called for a comprehensive understanding of the circumstances and taking informed decisions on the pros and cons of importing from China before being swayed by sentiments
 "Make Indian manufacturing competitive to curb Chinese imports: R C Bhargava")
Sensible to buy local even if it's costlier than imports: Piyush Goyal
Indians will have to pay 'terrible prices' if domestic manufacturing doesn't survive in long run, say minister
 "Sensible to buy local even if it's costlier than imports: Piyush Goyal")
How Covid-19 gave a push to domestic med tech manufacturing industry
From PPEs to ventilators to face shields, manufacturers have invested money to ramp up production and deliver during this crisis
 "How Covid-19 gave a push to domestic med tech manufacturing industry")
Market Ahead, April 3: All You Need To Know Before The Opening Bell
Reliance Industries will be in focus today after the oil to telecom conglomerate yesterday said the company's board has approved a proposal to raise Rs 25,000 crore through non convertible debentures
 "Market Ahead, April 3: All You Need To Know Before The Opening Bell")
Coronavirus impact: Feb manufacturing PMI slips marginally to 54.5
Coronavirus scare keeps companies spooked and business optimism low
Statsguru: Decoding Indian economy's growth risks and muted outlook
The stress lies in the manufacturing and construction sectors, the biggest employers of semi-skilled labour
 "Statsguru: Decoding Indian economy's growth risks and muted outlook")
