Manufacturing

China's factory activity slumps for longest stretch on record in Nov

The official manufacturing purchasing managers' index was 49.2, remaining below the 50 mark that separates growth and contraction for an eighth month

Jeh Aerospace opens next-gen manufacturing hub as global orders surge

Jeh Aerospace has launched its next-generation Mach 2 manufacturing hub in Hyderabad, expanding capacity nearly fourfold and embedding AI, autonomous machining and digital-twin systems

BioE3 Mission highlights scale, collaboration in India's biotech drive

Industry leaders at the Bengaluru Tech Summit said India's BioE3 Mission can succeed only with rapid scale-up, stronger industry-academia partnerships and sharper focus on downstream capacity

Govt approves 17 projects under electronics component manufacturing scheme

The government on Monday approved 17 projects entailing about Rs 7,172 cr investment across six categories under the Electronics Component Manufacturing Scheme (ECMS), underlining India's resolve and its decisive push into producing high-value components. These projects will lead to production worth Rs 65,111 crore cumulatively. "You have shown the way on how India will become major electronics manufacturing hub," Minister for Electronics and IT, Ashwini Vaishnaw said at an event announcing the second tranche of approvals. To achieve long-term success, India will have to focus on building design teams, ensuring six sigma quality standards in all products, and partnering with 'Swadeshi' suppliers in projects. Quality systems will be key part of evaluation process, the minister added. "The way geo-politics and geo-economics is emerging, the challenges will be bigger and in those challenging period your ability to have good supply chain control will define your resilience and ability

NITI panel calls for reset of 200+ quality orders stifling factory output

High-level panel led by NITI Aayog's Rajiv Gauba proposes scrapping or easing QCOs on over 200 products to cut compliance burden and boost manufacturing competitiveness

India's solar capacity to exceed 125 GW, raising oversupply concerns

India's solar module manufacturing capacity is set to surpass 125 GW by 2025, more than triple the domestic demand of around 40 GW, creating an inventory surplus of 29 GW, according to Wood Mackenzie. The surge has been fueled by the government's Production Linked Incentive (PLI) scheme, which has spurred rapid factory expansion. However, the industry now faces overcapacity risks, compounded by a sharp decline in exports to the United States, where new 50 per cent reciprocal tariffs caused module shipments to fall 52 per cent in the first half of 2025. Several manufacturers have paused their US expansion plans and refocused on the domestic market. Wood Mackenzie warned that cost competitiveness remains a challenge. Indian-assembled modules using imported cells are at least USD 0.03 per watt more expensive than fully imported Chinese modules, while fully 'Made in India' modules could cost more than double their Chinese counterparts without government support. Protective measures,

Rise in new orders after GST cuts drove manufacturing PMI to 59.2 in Oct

Goods and services tax (GST) relief, productivity gains and tech investment led to a faster increase in new orders

Pvt investment, states key to achieving Viksit Bharat goal: EAC-PM chairman

S Mahendra Dev says sustaining growth towards Viksit Bharat 2047 hinges on private investment, cooperative federalism, and inclusive, sustainable development

Manufacturing the one cylinder that isn't firing: NITI's Suman Bery

Bery called for the future of manufacturing success to be built through fostering regional clusters focused on local competitive advantages and not a uniform national approach

BFSI, retail, manufacturing to drive Salesforce growth: South Asia CEO

BFSI, retail and manufacturing to drive the US-based IT firm Salesforce's growth in India over the next three years, a top executive of the company said. "The three-year agenda remains more or less the same. We still see a lot of growth coming out of the BFSI sector and retail sector. We see plenty of growth in manufacturing, travel, tourism, hotels and healthcare. So many of these sectors are showing pretty steady and good growth," Salesforce South Asia CEO Arundhati Bhattacharya told PTI. "Even smaller sectors, like real estate and education are showing pretty good growth. So in India, I would say that the growth remains pretty consistent in the areas that we have been in, and we continue to see momentum over there. With the newer kinds of technologies that are coming in, there is a lot of openness as to how it should be developed, or how it should be absorbed," she said. The global customer relationship management (CRM) technology solutions giant Salesforce expects its revenues t

Smartphone makers may pay over ₹3 trillion in taxes by end of PLI

Smartphone sector's GST collections are likely to top ₹65,000 crore this financial year; the smartphone industry has credited the PLI scheme for boosting exports

Behind the electronics surprise: India's path to $500 billion by 2030

India's one Achilles heel in electronics production has been its heavy dependence on smartphones, that too a lot on exports

Eli Lilly to invest over $1 billion in India to boost manufacturing

Eli Lilly, which launched its obesity drug Mounjaro in India earlier this year, plans to invest $1 billion to strengthen manufacturing partnerships and set up a new Hyderabad facility

New electronic component plan to double local value addition to 40%: Elcina

Record proposals submitted under India's first scheme for non-semiconductor electronic components are likely to double local value addition in the production of finished goods to up to 40 per cent over the next five years, according to industry body Elcina. The electronics component makers' body has urged state governments to enhance ease of doing business to support the Centre's Electronics Component Manufacturing Scheme (ECMS). ECMS has received investment proposals worth Rs 1.15 lakh crore, which is more than double the target of Rs 59,000 crore envisaged under the scheme. "This is a game changer and has the potential to boost value addition of India's electronics manufacturing eco-system from the current 15-20 per cent to 35-40 per cent over the next 5 years and beyond," Elcina Secretary General Rajoo Goel said in a statement. A total of 249 companies have submitted applications, which will be screened by a committee before approval. Union Minister for Electronics and IT Ashwi

China's factory activity slump extends to sixth month, longest since 2019

The official manufacturing purchasing managers' index was 49.8, versus 49.4 in August, the National Bureau of Statistics said

Wheels India inks SHPAC tech deal to boost global hydraulic cylinder growth

Wheels India's agreement with South Korea's SHPAC aims to strengthen its hydraulic cylinder segment through technology transfer, driving global growth and new opportunities

Villages now lead India's manufacturing output, urban share falls below 50%

The latest Annual Survey of Industries 2023-24 shows that it was at 49.5 per cent, the fourth year in a row that urban areas have been a minority contributor to manufacturing output

The Blueprint Discourse | Kalyani Group's Rajinder Bhatia on defence manufacturing reforms

Kalyani Group’s defence head Rajinder Singh Bhatia has called for scaling India’s defence startup ecosystem to 100,000 companies and reforming acquisition cycles to match rapid tech changes.

Temasek seeks to acquire minority stake in Nash Industries for $120-150 mn

Private equity firms like EQT AB, Kedaara Capital, Carlyle Group, and ChrysCapital are also reportedly in the fray to pick up a stake in egineering solutions provider Nash

Thyssenkrupp receives non-binding bid from Jindal Steel for TKSE unit

Thyssenkrupp said it would closely examine the offer "particularly with regard to economic sustainability, the continuation of the green transformation and employment at our steel sites"