Page 4 - Industrial Growth

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 ..

Mann to visit Germany from Sep 11-18 to push Punjab's industrial growth

Punjab Chief Minister Bhagwant Mann will visit Germany from September 11-18 to attract investments and strategic tie-ups. This will be Mann's first foreign visit after he took oath as the chief minister in March. "In order to give a major push to the industrial growth of the state, Punjab Chief Minister Bhagwant Mann will be undertaking a tour of Germany from September 11-18," an official statement said here on Friday evening. During the tour, the chief minister will be meeting business delegations and prominent companies to rope in investments and strategic tie-ups in key sectors like renewable energy, car manufacturing, pharmaceuticals and advanced agriculture practices, among others, it said. Mann will hold a meeting with companies like BMW, BayWa and others during his stay in Munich, Frankfort and Berlin. "This crucial visit of the Chief Minister is likely to immensely benefit the state in getting huge investments, technical know-how and expertise from German companies," said

Urbanisation's different strokes

The waves of urbanisation have been uneven around the world and are intrinsically tied to the level of development and industrialisation in a country

Agnipath has job potential in corporate sector for youths: Industry leaders

Mahindra Group Chairman Anand Mahindra, RPG Enterprises Chairman Harsh Goenka and Biocon Ltd Chairperson Kiran Mazumdar-Shaw came out in support of Agnipath, saying it has potential for employment

A robust industrial recovery

Employment among industrial workers increased further by about a million in the January-April 2022 Wave

AAP govt to give big push to industry in Punjab: FM Harpal Singh Cheema

He said the AAP govt led by CM Bhagwant Mann would sympathetically listen to all the issues pertaining to industry as well as taking requisite steps to resolve all such issues within a minimal time

India's industrial sector grows, manufacturers continue to struggle

Their revenue share in listed space declined to record low of 27.2% in Q1FY22

Scheme for industrial development to make J-K self-reliant: Goyal

The central sector scheme for industrial development of Jammu and Kashmir will help in making the union territory self-reliant and push growth, union Minister Piyush Goyal said

China's industrial profit growth slows in June on high raw material prices

Industrial firms' profits rose 20% year-on-year in June to 791.8 billion yuan ($122.27 billion), data from the National Bureau of Statistics showed on Tuesday, after a 36.4% increase in May.

Retail inflation for industrial workers rises marginally to 5.24 pc in May

Retail inflation for industrial workers rose marginally to 5.24 per cent in May 2021 from 5.14 per cent in April mainly due to increase in prices of certain food items and petroleum products, as well as higher mobile phone charges. "Year-on-year inflation for the month (of May) stood at 5.24 per cent compared to 5.14 per cent for the previous month (April 2021) and 5.10 per cent during the corresponding month (May 2020) a year before," a labour ministry statement said. Similarly, it stated that food inflation stood at 5.26 per cent last month against 4.78 per cent in April 2021 and 5.88 per cent in the corresponding month a year ago. The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling the Consumer Price Index for Industrial Workers (CPI-IW) every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released ..

China's industrial profits growth slows in April amid high commodity prices

Profits at China's industrial firms rose 57% year-on-year in April to 768.63 billion yuan ($120.22 billion), down from 92.3% in March, data from the National Bureau of Statistics (NBS) showed

82% MoUs with investors turned into actual projects past 10 years: TN govt

Refutes reports that only 9.4% of investment proposals in the state were converted to projects during that time

China's industrial profits grow at a slower pace in November, shows data

It said there is effective market stimulus and stable improvement in both supply and demand.

Chowgule's Angre Port plans to host industrial units for assured cargo

The agri-based port of Angre is a riverine port that currently exports sugar and molasses to the tune of 0.5 million tonne annually

IIP grows 0.2% in Sept, enters positive territory after 6-month contraction

The index of industrial production (IIP) grew by 0.2 per cent in September on a year on year basis compared to a 7.36 per cent contraction posted in August

Govt to bring out strategy paper on boosting industrial growth: Goyal

The government is in the process of bringing out a strategy paper on boosting industrial growth which will be a road map for all businesses in the country, Parliament was informed on Wednesday

Rebooting industry: 88% industrial units now operational in Uttar Pradesh

More than 70% or 583,000 units have plant load factor of 80-100%

China industrial profits rise 11.5% in June, signal economic recovery

After a record slump early in the year, China's economy rebounded more than expected in the second quarter

UP has got industrial investments worth Rs 3 trillion since 2017: CM

State to promote 30,000 startups under flagship 'Yuva Hub' scheme

Budget 2020: DPIIT seeks more funds to boost infrastructure in hinterland

The government had severely cut down on expenditure in this area, with the 2019-20 (FY20) Budget providing Rs 909 crore, down from the RE of Rs 1,707 crore in the earlier one.