Page 16 - Manufacturing Sector
Three policy interventions could add billions of dollars to GDP: McKinsey
They could help key manufacturing value chains more than double their GDP contribution to $500 billion over the next seven years, says Oct 30 note
 "Three policy interventions could add billions of dollars to GDP: McKinsey")
No manufacturing units in new industrial areas to curb pollution: Delhi CM
Kejriwal announced on Monday no manufacturing units will be allowed in new industrial areas of the city and these zones would be available only to services and hi-tech industries
 "No manufacturing units in new industrial areas to curb pollution: Delhi CM")
1,000 SME mfg units set up under PMEGP in Kargil, Leh since 2017-18: KVIC
KVIC said it has set up nearly 1,000 different small and medium manufacturing units under the PMEGP in the Himalayan terrains of Kargil and Leh since 2017-18, creating over 8,200 jobs for local youth.
 "1,000 SME mfg units set up under PMEGP in Kargil, Leh since 2017-18: KVIC")
Govt gives digitisation push to labour codes, makes draft rules public
Number of rules will come down from over 80 to 42 for labour laws relating to industrial relations.
 "Govt gives digitisation push to labour codes, makes draft rules public")
India must redefine its manufacturing sector to boost growth: Mukesh Ambani
The comments from Asia's richest man come as Prime Minister Narendra Modi's government is trying to revive an economy poised for a historic annual contraction
 "India must redefine its manufacturing sector to boost growth: Mukesh Ambani")
RBI launches latest round of quarterly survey of manufacturing sector
RBI launched the latest round of its quarterly Order Books, Inventories and Capacity Utilisation Survey of the manufacturing sector which will provide valuable inputs for monetary policy formulation
 "RBI launches latest round of quarterly survey of manufacturing sector")
Pandemic relief: UP govt exempts industrial areas from double taxation
Earlier, industries falling under the jurisdiction of UPSIDA, were subject to tax/user charges levied by the nodal industrial development agency and the local district panchayat
 "Pandemic relief: UP govt exempts industrial areas from double taxation")
India first, tie-ups, long-term strategy will boost mfg sector: Mahindra MD
Pawan Goenka Calls for plug-and-play infrastructure of the kind that Vietnam has for large-scale manufacturing
 "India first, tie-ups, long-term strategy will boost mfg sector: Mahindra MD")
NTPC invites EoI for setting up manufacturing facilities in its plants
NTPC's power plants across the country have evolved into economic centres with robust infrastructure system in place
 "NTPC invites EoI for setting up manufacturing facilities in its plants")
Open cells used in TV manufacturing to attract 5% import duty from Oct 1
The TV industry has been arguing that it is under pressure as price of fully built panel has gone up by 50% and customs duty of 5% on open cell would lead to a rise in TV price by about 4%
 "Open cells used in TV manufacturing to attract 5% import duty from Oct 1")
Self-reliance in manufacturing stumbles on massive import dependence
During 2018-19, foreign exchange spending mostly on capital goods stood at 25.5 per cent of total sales
 "Self-reliance in manufacturing stumbles on massive import dependence")
Manufacturing share in India's GVA down to 15.1% in FY20: Exim Bank study
Recent performance of the sector points to underlying inertia, which has translated into greater dependence on imports to meet growing domestic demand
 "Manufacturing share in India's GVA down to 15.1% in FY20: Exim Bank study")
UP's first 'flatted factory complex' to come up in Agra for Rs 125 cr
The Rs 125 crore project will comprise 68 industrial units
August manufacturing activity hits growth after 4 months, PMI rises to 52
New orders pulled up output, but job losses continue for 5th month
 "August manufacturing activity hits growth after 4 months, PMI rises to 52")
GDP data: No surprises here; need different policy measures to stem the rot
The only sector to show growth is agriculture, while the government sector disappointed with public admin de-growing by 10.3 per cent
 "GDP data: No surprises here; need different policy measures to stem the rot")
For achieving self-reliance in defence, focus on other sectors must: PSA
VijayRaghavan said the ongoing coronavirus pandemic has highlighted how vital it is to be protected from the disruption of global supply chains
 "For achieving self-reliance in defence, focus on other sectors must: PSA")
India will need to find jobs for additional 90 mn, says McKinsey report
The figures do not include 55 million women who may come back to the labour force to "partially correct the historical underrepresentation"
 "India will need to find jobs for additional 90 mn, says McKinsey report")
Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts
Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on Aug 31, they said
 "Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts")
Samsung plans producing Rs 3.7 trn worth mobile phones in India over 5 yrs
People aware of the discussion said the company will be manufacturing smartphones worth Rs 2.2 trillion, priced above Rs 15,000 per unit, under the production-linked incentive (PLI) scheme
 "Samsung plans producing Rs 3.7 trn worth mobile phones in India over 5 yrs")
HP starts PC manufacturing operations at Flex's facility near Chennai
Plant will make desktops and workstations that meet current and future customer needs; Unit has access to nearby port and HP's spare parts facility in Bengaluru
 "HP starts PC manufacturing operations at Flex's facility near Chennai")