Page 11 - Manufacturing Sector

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

​1.5 Gw electrolyser projects: Centre fleshes out details of 1st H2 mission

The base incentive will start from Rs. 4,440 per kilowatt and gradually decrease every year. The incentive period will be five years

P&G India to invest Rs 2,000 cr to set-up manufacturing facility in Gujarat

Over the last decade, P&G has invested over Rs 8,200 crore ($ 1 billion) through its operations in the country

Net profit of manufacturing and IT sector moderates in 2022-23, shows data

The net profit margin of the manufacturing sector declined to 8.7 percent in 2022-23, against 10.6 percent in 2021-22

Pidilite to manufacture Litokol and Tenax products from Italy in India

Litokol SPA Italy and Tenax SPA Italy have transferred technology to Pidilite as part of the joint venture

The right incentive

PLI scheme alone would not be enough

Global manufacturing sputters with ongoing shift toward services spending

Business conditions in China's manufacturing industry, the largest in the world, improved in May, according to the Caixin manufacturing Purchasing Managers' Index

IPEF's supply chain agreement to boost domestic manufacturing: Commerce min

Implementation of the supply chain agreement being finalised among the 14-member IPEF grouping is expected to extend a number of benefits to India, including boosting domestic manufacturing and mobilisation of investments, the commerce ministry said on Thursday. Members of the Indo-Pacific Economic Framework (IPEF) concluded the negotiations on the proposed agreement, one of the four pillars of the Indo-Pacific Economic Framework for Prosperity (IPEF), on May 27 in Detroit. "Once implemented, the Supply Chain Agreement is expected to bring in a number of benefits to India and the other IPEF partner countries," it said. Some of the key benefits expected are potential shift of production centres in key goods/critical sectors to India; bolstering of domestic manufacturing capacities; mobilization of investments especially in production of key goods, logistics services and infrastructure, the ministry said. It may also help in increasing exports from India; mitigation of risks of econo

MeitY invites applications for incentives under PLI 2.0 for IT hardware

Ministry of Electronics and Information Technology opens the window for applications under the PLI scheme 2.0 for IT hardware to enhance manufacturing electronics sector

From mobile phones to chips, India manufacturing enters golden era

According to data by the India Cellular and Electronics Association (ICEA), mobile phone exports made history by crossing the $10 billion threshold for the first time in any fiscal year