Page 10 - Manufacturing Sector

Make India a global hub for manufacturing: Piyush Goyal to industrialists

Commerce and Industry Minister Piyush Goyal on Thursday asked the domestic industry to accelerate production activity and contribute to making India a global manufacturing hub. Addressing industry leaders during a 'Chintan Shivir - unleashing the power of India's manufacturing industry', Goyal said the government has taken a number of steps to support the manufacturing ecosystem. "He asked the industry to accelerate production activity and contribute to making India a global hub for manufacturing," the commerce and industry ministry said in a statement. Representatives from CII, Ficci, Assocham, and the automobile sector, along with knowledge partners BCG and McKinsey, participated in the deliberations. "The focus was to understand and deliberate on increasing manufacturing capacities across various sectors and enhance contribution to GDP by 2030," it said. The discussions took place on 12 sectors, including textiles, capital goods, defence, aerospace, space, metals, leather, min

Rajnath Singh visits Safran's engine manufacturing facility near Paris

Defence Minister Rajnath Singh on Wednesday visited a jet engine manufacturing facility of French firm Safran near Paris and witnessed latest developments in aero-engine technology. Singh's visit to the facility at Gennevilliers assumed significance as Safran is looking at co-developing a fighter aircraft engine in India under a mega project. The defence minister is visiting France after concluding his trip to Italy. Singh also interacted with a group of CEOs of top French defence companies in Paris and highlighted to them the advantages of co-development and co-production of defence hardware in India that he said could be exported to third countries. The defence ministry said Singh visited the Safran Engine Division's R and D Centre at Gennevilliers near Paris and witnessed the latest developments in aero-engine technology. It said Olivier Andries, the Global CEO of Safran, welcomed the defence minister to the facility and, along with his team, gave a detailed briefing to ...

Goodluck India to expand Defence & Aerospace wing by raising Rs 96 crore

Goodluck Defence and Aerospace Private Ltd will manufacture machinery for the defence and aerospace industry

AMSL to defence equipment manufacturing facility in Telangaga at Rs 150 cr

Apollo Micro Systems Ltd (AMSL) is planning to set up a defence equipment manufacturing facility in Telangana at an investment of Rs 150 crore. The proposed facility will come up on an area of 3 lakh sq ft at its facility in Hyderabad, AMSL said in a statement on Monday. "Apollo Micro Systems Ltd proposes to set up a state-of-the-art defence equipment manufacturing facility in Hardware Park, Hyderabad. The company has estimated total investment in the upcoming ventures to be around Rs 150 crore," it said. The company said it is planning to complete the project in nine months. The company recently incorporated a wholly owned subsidiary -- Apollo Defence Industries Private Ltd -- to take forward its plans of manufacturing defence equipment. This subsidiary will focus on forming alliances and technological partnerships with international companies to provide cutting-edge defence solutions and serve the nation, the statement said. Baddam Karunakar Reddy, Founder and Managing Director

September PMI manufacturing comes at 57.5, slowest expansion in 5 months

The fall in PMI was primarily attributed to a softening in the number of new orders

Medicine to manufacturing: Nano is the next frontier in 3D printing

Nano-level 3D printing can have various uses in medicine, like growing tissue cells to regenerate organs. Nano robots in bodies can attack cancer cells

Integrating GVCs can add $1.2 trn to India's foreign trade: GTRI report

Steps like streamlining port and customs operations, and setting up of national trade network will help Indian firms integrate with global value chains and add USD 1.2 trillion in the country's foreign trade by 2030, according to a report. The Global Trade Research Initiative (GTRI) said that currently, India's limited participation in global value chains (GVCs) hampers its export potential, despite possessing substantial manufacturing capabilities across various GVC-relevant product categories. The integration of Indian companies in the GVCs is fundamental as about 70 per cent of global trade operates within these chains, encompassing a wide range of products, from electronics and machinery to pharmaceuticals and apparel. "India's weak GVC integration can be attributed to poor trade infrastructure, causing delays at ports and customs, which are detrimental to the timely flow of goods in these intricate value chains," GTRi Co-Founder Ajay Srivastava said. Countries like China, Japa

10 best manufacturing business ideas under 10 lakhs, check full list below

Starting a manufacturing business is not as tough as it looks, one can start a profitable business with low investment. Here are the 10 best manufacturing business ideas under 10 lakhs

Generative AI in Manufacturing : A transformational alliance

The manufacturing industry in Bharat can attempt to deploy basic AI / ML techniques far more creatively than it does today

Decoded: What are essential components of 'National Strategy for Robotics'?

The draft NSR proposes a policy framework for the implementation of robotics in various sectors, with the aim of making India a global robotics leader by 2030

Revolt repays Rs 50 crore to govt, PMP violators begin compliance

Last year, the MHI commenced an investigation into alleged PMP guideline violations based on whistleblower complaints

TVS, BMW in discussions to expand manufacturing network beyond India

Chennai-based TVS Motor Company and Germany's BMW Motorrad are in discussions to expand manufacturing network beyond India under their long-term strategic partnership, the companies said on Wednesday. In April 2013, the two firms had entered into a partnership to manufacture sub-500cc motorcycles for global markets. It resulted in the development of four products on the 310cc platform -- BMW G 310 R, BMW 310 GS, BMW G310 RR, which are now available across over 100 markets globally, besides TVS Motor Company's flagship motorcycle TVS Apache RR 310. Under their partnership, TVS Motor's Hosur manufacturing plant produces around 10 per cent of BMW Motorrad's volumes, globally. "And now with the extension and expansion of this partnership towards future technologies and sustainable mobility solutions, we are also in discussions to expand our manufacturing network beyond India to cater to our future growth under this partnership, which includes the recently unveiled BMW CE 02," TVS Motor

Industrial production rises 3.7% in June against 5.3% in May: NSO data

The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output increased by 3.1 per cent in June 2023

Godrej Consumer to invest Rs 515 cr in TN, to set up manufacturing unit

Fast moving consumer goods major Godrej Consumer Products Ltd will invest Rs 515 crore in Tamil Nadu to set up a manufacturing facility and signed a memorandum of understanding with the state government on Thursday. The company would be setting up their greenfield production unit in neighbouring Chengalpet district to produce body care products, Minister for industries T R B Rajaa said. The employee base at the manufacturing unit would comprise 50 per cent women, members of LGBTQ community and disabled people. "Another feather in the cap of M K Stalin government. FMCG giant Godrej Group would soon start production of most of its products right here in Tamil Nadu in a state of the art brand new unit," he said. It was a pleasure to meet Godrej Consumer Products Ltd Executive Chairperson Nisaba Godrej, a true diversity torch bearer, and share ideas for the benefit of both the state and Godrej. Truly amazed at her passion for inclusivity and sustainability, he said in a social media ..

Centre mulls minor tweaking in PLI scheme, aims to boost manufacturing

Discussions underway regarding the potential need for slight alterations to the production-linked incentive scheme to improve its execution

Uncertainty in battery cells biz demands realistic incentives from govt

In India, nearly all cells going into EVs are imported, and that's where the big challenge lies

Manufacturing sentiment positive in first quarter, shows Ficci survey

In the fourth quarter of FY23, 55 per cent of the respondents reported higher production levels

If OEMs refuse to return money, legal recourse will be taken: Kamran Rizvi

'We are in the process of coming up with the next round of bids for 20 gigawatt of capacity'

HPE to start manufacturing servers in India under PLI 2.0 scheme

The company aims to make around $1 billion worth of products from VVDN's plant in Manesar, Haryana, in the next five years

New manufacturing projects decline in June 2023, shows CMIE data

Decline comes after the pandemic surge took announcements to record high