Candytoy Corporate, a leading manufacturer of plastic promotional toys and confectionery, has said it will invest Rs 100 crore as part of the expansion of its manufacturing capacity. It will set up three new manufacturing facilities in Indore, Madhya Pradesh, spread over a total area of 500,000 sq ft, which will significantly enhance the company's production capacity. Besides, it will also generate additional employment opportunities for nearly 1,000 people in the region, the Indore-based company said in a statement. "We plan to make Indore the global hub for Candytoy manufacturing. We have earmarked an investment of Rs 100 crore to further strengthen our manufacturing base, for three new facilities, all in Indore," said its Director Gaurav Mirchandani. Last November, Candytoy Corporate had secured an investment of Rs 110 crore in Series A round of funding. It is the leading manufacturer of candy toys, plastic promotional toys and confectionery products. Candytoy exports to Europe
The deeper challenge lies in the sector's role in the economy. Despite years of policy attention, manufacturing contributes just 17% of gross domestic product and only about 12 per cent of jobs
India's job postings dropped in July 2025 with declines across several sectors, though tech hiring held firm as experts debated tariff-linked job loss risks
Services like construction, transport, and distribution play a significant role in supporting job creation in the manufacturing sector, the paper, based on empirical estimates, concluded
Apple's iPhone export plans from India face setback as US imposes 25% tariff on all Indian goods
Prime Minister Narendra Modi on Saturday emphasised his government's focus on generating employment in the public and private sectors, asserting that the country has progressed in every field in the past 11 years. In a virtual address after the distribution of over 51,000 appointment letters, he said his government's welfare schemes, be it building over 4 crore houses for the poor, distributing over 10 crore new LPG connections or the rooftop solar programme, have created lakhs of new employment opportunities and so have a host of other initiatives that led to growth in manufacturing sector. Speaking of his recent five-nation tour, he said the whole world now recognises the strength of India's demography and democracy. The ability of India's youth is its biggest capital and a guarantee of the country's bright future, he added. He said, "The world acknowledges today that India possesses two infinite powers. One is demography, the other is democracy. In other words, the largest youth
This recruitment drive is part of the company's expansion strategy, focusing on bolstering operations within Chhattisgarh's strategically vital Bailadila mining sector
Lab technicians and other medical roles saw the highest increase in minimum pay - around 13 per cent
Oji India Packaging Pvt Ltd, a subsidiary of Oji Group, inaugurated its fifth facility in the country at Sri City in Andhra Pradesh, a top official said on Saturday. The factory will produce corrugated boxes and packaging accessories and employ approximately 300 people in the region. This expansion reinforces the company's commitment to meeting the growing demand for sustainable and high-quality corrugated packaging solutions in South India. The state-of-the-art automated plant, spread across 43,000 square meters, will cater to the increasing demand for corrugated boxes in the region. With an initial workforce of 130, the company plans to expand to 300. Oji Holdings Corporation President and Group CEO Hiroyuki Isono, Consul General of Japan Muneo Takahashi, and Sri City Founder and Managing Director Ravindra Sannareddy attended the inauguration, according to a company statement. Sannareddy congratulated the Oji India team for establishing the factory in Sri City, noting that Oji is
PLI scheme covers 33 telecom and networking products, against which companies can claim incentives, as mentioned in the release
Indian employers continued to report strong hiring intentions globally in the second quarter of this calendar year, with a Net Employment Outlook (NEO) of 43 per cent, a survey said on Tuesday. India continues to lead the global Net Employment Outlook (43 per cent), exceeding the global average by 18 points for the second quarter of 2025, according to the latest ManpowerGroup Employment Outlook Survey. The ManpowerGroup Employment Outlook Survey is based on inputs from 40,413 employers across 42 countries, including 3,000 head hunters across different regions of India from January 2-31, 2025. The survey revealed that 55 per cent of employers intended to hire, 12 per cent foresee a decrease, 29 per cent do not expect any change in their workforce, and 4 per cent are unsure. Information Technology (55 per cent), Industrial and Materials (48 per cent), Health Care and Life Sciences (42 per cent), Transport and Logistics and Automotive (40 per cent) and Communication Services (38 per .
Domestic manufacturers rely heavily on imported raw materials. Trump in his first month in office has issued a raft of tariff orders
He said there was a concern about the weaknesses of the manufacturing sector, which is important for job creation, due to subdued urban consumption and slow growth of private investments
While he acknowledged that Prime Minister Narendra Modi tried to boost domestic manufacturing through 'Make in India' initiative, he quickly added that it failed to bring the desired outcome
A significant percentage of professionals in India are looking for a new job this year, but the search is tougher than ever, according to new research from leading global professional network LinkedIn. More than two-thirds (69 per cent) of Indian HR professionals feel it has become more challenging to find qualified talent for a role, signalling a necessary shift in the way professionals will need to apply for - and land a job in 2025. According to LinkedIn, 49 per cent of job seekers are applying to more jobs than ever, but are hearing back less. Hirers are also finding the process increasingly challenging. Over one-fourth (27 per cent) of HR professionals spend between 3-5 hours a day reviewing applications and 55 per cent said that less than half the job applications they receive meet all the criteria, LinkedIn added. "The job market is tough, but it's a reminder for Indians to take a more thoughtful approach to their job search," Nirajita Banerjee, Career Expert and Sr. Managi
The Economic Survey projected India's GDP to grow at 6.5-7 per cent in 2024-25, down from a high of 8.2 per cent in the the preceding financial year
The electronics value chain is advancing rapidly, but bridging skill gaps is crucial to unlocking its full potential, a report has stated
Capital intensity adds horsepower to the sector in latest ASI data
India's manufacturing sector saw a 7.4 per cent rise in employment, with 1.3 million new jobs created in FY23
With 7 per cent economic growth, India is not creating enough jobs as reflected by the number of applicants for vacant posts in some states, Reserve Bank's former governor Raghuram Rajan said and suggested the government needs to focus on promoting labour-intensive industries to generate employment. Rajan further said some Indians, especially those at upper level, are comfortable and have high incomes, but consumption growth from the lower half of the country has still not recovered to pre-pandemic level. "That is the unfortunate part...You would think with 7 per cent growth, we would be creating a lot of jobs. But if you look at our manufacturing growth, it is more capital intensive," he told PTI. Rajan was asked whether the Indian economy, which is growing at 7 per cent, is creating enough jobs. According to him, the industries that are more capital-intensive are growing faster, but labour-intensive industries are not growing. "It is not going well at the lower level. I think th