Manufacturing Jobs

Foxconn to invest ₹15,000 cr in Tamil Nadu, create 14,000 engineering jobs

Foxconn's new ₹15,000 crore investment in Tamil Nadu will focus on AI, value-added manufacturing, and R&D, creating 14,000 high-value engineering jobs across locations

UP to offer EV incentives only to locally manufactured vehicles from Oct 14

Starting October 14, Uttar Pradesh will provide EV incentives only to vehicles that are manufactured, sold, and registered within the state, aiming to boost local production and employment

Unincorporated sector employment down 2% in Q1FY26 on seasonal trend

The number of workers across rural and urban unincorporated enterprises fell to 128.6 million in April-June 2025 from an all-time high of 131.3 million in January-March 2025

Services generates bulk of India's jobs, increases gap with manufacturing

Services employment creation has been robust in FY25 amid concern over impact of artificial intelligence

Trump wants US to make things again- but is it ready for the challenge?

President Trump wants to revive factories, using tariffs as a tool. Companies that want to re-shore manufacturing are grappling with how to do it

Epigral Q4 results: Net profit rises 13% YoY to Rs 87 cr in March quarter

Integrated chemical manufacturer Epigral on Monday reported a 13 per cent increase in net profit to Rs 87 crore for the fourth quarter of the last fiscal. The company had posted a net profit of Rs 77 crore in the year-ago period. Its total revenue rose 20 per cent in the fourth quarter to Rs 631 crore from Rs 526 crore a year ago. For the full fiscal 2024-25, the company reported a 33 per cent year-on-year increase in revenue to Rs 2,565 crore. Epigral Chairman and Managing Director Maulik Patel said the company reported "the highest ever revenue" in 2024-25. "This growth is on account of a volume rise of 11 per cent, majorly from high-value products. Derivatives and Specialty business volume grew by around 24 per cent in FY2025 and its contribution to revenue touched 54 per cent compared to 45 per cent in FY24," he said in a statement. The company announced expanding its CPVC and Epichlorohydrin capacity, which are expected to be commissioned in the 1st half of FY2027. The integ

CCI seeks comments on proposed Bharat Forge-AAM India Manufacturing deal

Fair trade watchdog CCI on Wednesday said it has sought public comments on Bharat Forge Ltd's proposed acquisition of AAM India Manufacturing Corporation Pvt Ltd after prima facie concluding that the transaction could adversely impact competition. In October last year, Bharat Forge sought the Competition Commission of India's (CCI) approval for the buyout of AAM India Manufacturing Corporation. Bharat Forge is a leading provider of forged components and solutions to various sectors while AAM India Manufacturing Corporation is into manufacturing and sale of axles for commercial vehicles in the country. "The Commission is of the prima facie opinion that the proposed combination is likely to have an appreciable adverse effect on competition and, accordingly, has directed the parties, in terms of Section 29(2) of the Competition Act, 2002, to publish details of the combination for bringing the combination to the knowledge or information of the public and persons affected or likely to be

BS Manthan: Experts to unpack India's economic reset amid new world order

The two-day BS Manthan event, scheduled for February 27 and 28 at the Taj Palace in New Delhi, marks a milestone as it coincides with the 50th anniversary of Business Standard's publication

'Unease' of doing business in India: Bureaucracy pushes factory costs up

Prime Minister Narendra Modi's "Make in India" campaign has also got lost somewhere in the labyrinths of this bureaucratic maze

DPIIT signs agreement with ITC to help startups in manufacturing sector

The Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday said it has entered into a strategic partnership with ITC Ltd to help startups in the manufacturing sector. "Under this partnership, ITC is looking to deploy startup solutions in key areas such as digital platforms for Manufacturing Execution Systems (MES), integrating renewable energy opportunities for manufacturing locations, and energy storage systems," the department said. It added that a Memorandum of Understanding (MoU) has been signed which will set the tone for a partnership where ITC's experience and expertise with extensive market network will complement DPIIT's initiative for supporting startups across the country. DPIIT Joint Secretary Sanjiv said, "We look forward to fostering scalable solutions and transformative growth to ensure a conducive environment for startups." Startup India Director Sumeet Kumar Jarangal said this would help provide hassle-free market access to startups in terms o

Manufacturing firms see decline in operating profit for second qtr in a row

The operating profit for manufacturing firms is down 18.4% year-on-year, according to CMIE

India may account for 8-10% of global work share to CDMOs by 2033: Report

India could potentially account for 8-10 per cent of work share outsourced to CDMOs globally by 2033, an outcome of a significant amount of work shifting from EU and the US to Asia, a report by McKinsey & Company has said. The global CRDMO (Contract Research Development & Manufacturing Organisation) industry is about to witness a re-distribution of outsourcing work across several Asian countries, with India and Korea emerging as new powerhouses by 2033, the report said. According to a McKinsey analysis, by 2033, India could potentially account for 8-10 per cent share of work outsourced to CDMOs globally. "This growth is largely driven by the evolving geopolitical environment with most Indian CRDMOs expecting 20-40 per cent of their new business to stem from these changes," the survey stated. As per market estimates, the global CDMO industry is estimated at USD 224 billion which is expected to rise to USD 465 billion by 2032. McKinsey & Company Partner Anirudh Roy Popli ...

SEMI, peer IESA join hands to boost semiconductor ecosystem in India

Global semiconductor body SEMI and its peer IESA have announced a strategic agreement to boost the industry ecosystem in India, a joint statement said. As part of the agreement, the Indian Electronics and Semiconductor Association (IESA) will become part of the SEMI-- the organiser of Semicon events including Semicon India. "This partnership will help SEMI grow a strong presence in this critical emerging market and enable both organisations to identify tangible strategies that leverage our combined strengths to enhance supply chain resilience," Ajit Manocha, President and CEO, SEMI said. The agreement was signed on the sidelines of Semicon India 2024, the statement said on Wednesday. This agreement will also pave the way for joint policy advocacy efforts, with IESA and SEMI working closely with both Central and State governments to drive incentives for product development and manufacturing, leveraging key programmes such as the Production Linked Incentive (PLI) and Design Linked ..

Tricolour sales soar amid campaign to unfurl it in every home

Har Ghar Tiranga campaign, launched in 2022, has traders busy

India's toy exports dip to $152 million in FY24 due to global headwinds

Union Minister Jitin Prasada informed Rajya Sabha that India's toy imports were recorded at $65 million in 2023-24

Manufacturing wages are heading up amid labour shortage in country

Pay is rising faster than in other segments of the economy

Govt steps help boost toy making, exports; more work needed: DPIIT secy

Government measures such as mandatory quality control orders and increasing customs duty have helped boost exports of toys from India, but there is a need to do much more for the sector, a top official said on Wednesday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh also indicated that they are diligently pursuing the proposal of extending fiscal incentives under the production-linked incentive scheme for the sector. He said that the industry is wondering about one proposed major policy intervention and "let me assure you that we are still pursuing that". In the interim Budget in February, the Commerce and Industry Ministry has recommended an outlay of Rs 3,489 crore for the Production Linked Incentive (PLI) scheme for toys to boost domestic manufacturing of the sector. As the scheme is yet to be cleared by the Union Cabinet, the interim Budget has made a token provision of Rs 1 lakh towards the scheme for 2024-25. The scheme a

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 .

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 ...

Global factory check-up about to reveal extent of nascent recovery

A recent uptick in a global index of manufacturing - to the highest level since mid-2022 - has spurred expectations the sector has reached a turning point