Business prospects of domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over medium-term, rating agency Icra said. As a result, many domestic OEMs have announced sizeable capital expenditure to augment the cell and module capacity, including the capex for integrated facilities under PLI scheme by the winning bidders. However, it stated that timely commissioning and ramping up of ongoing capex in module manufacturing value chain remains a critical factor in the near to medium-term. As a result, adequacy of the modules from the domestic OEMs to meet the demand in utility & non-utility segment as well as quality of such modules remains a monitorable. "The policy focus by Government of India in the renewable energy (RE) sector remains strong as also evident from the policy target of 500 GW of non-fossil fuel-based capacity by CY 2030 as well as policy direction in the energy transition with net zero emission target by 2070," ...
Output continued to shrink on shortages of materials, notably in the semiconductors market.
The strategic alliance will design and manufacture tablets, laptops, hearables, wearables, telecom products.
Employment declined in March, says report as central bank's committee meets for monetary policy.
The govt is going all out to push its ambitious production-linked investment scheme to help Indian manufacturing scale up and make India an export hub
The study, carried out by CARE Ratings, is based on annual reports of 969 medium and large companies
For a country like India, labour productivity would improve many times over if workers from underemployment-plagued agriculture moved to manufacturing