Page 17 - Manufacturing Sector

Restrictions on TV imports to help domestic industry build capacities: ICEA

The government on last Thursday imposed restrictions on TV imports, a move aimed at promoting domestic manufacturing and cut inbound shipments of non-essential items from countries like China

Strain on global manufacturing eases as euro zone returns to growth

Factories appear to be playing their part in the bloc's potential recovery

China industrial profits rise 11.5% in June, signal economic recovery

After a record slump early in the year, China's economy rebounded more than expected in the second quarter

Apple starts manufacturing flagship iPhone 11 model at Chennai plant

Sources said this could be the beginning of a new era for Apple, which is preparing to begin manufacturing its newly launched iPhone SE (2nd Generation) of handsets in India

Q1 early-bird results better than expected; IT, financial services do well

However, analysts expect the numbers to deteriorate as more companies announce their results

Those who kept goods moving during Covid deserve praise

Improved money supply helped revive the global demand. However, the demand in the domestic economy did not pick up enough

Only 10% manufacturing units report higher output in Apr-Jun: Ficci Survey

The proportion of manufacturing units reporting an increase in output dropped to 10 per cent during April-June 2020 from 15 per cent in the previous quarter, according to a quarterly poll by industry body Ficci. The survey, which drew responses from over 300 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 2.5 lakh crore, revealed that the automotive sector is the worst hit in terms of ongoing operations in the factories as per the demand and current orders post easing out of lockdown restrictions. Other sectors where operations remain abysmally low are leather and footwear, electronics and electricals & textiles machinery. Moreover, the percentage of respondents expecting low or same production is 90 per cent in April-June 2020-21 which was 85 per cent in the last quarter of 2019-20. Hiring outlook for the manufacturing sector shows a bleak picture as 85 per cent of the respondents mentioned that they are not likely to hire ...

India ranks 3rd in global manufacturing locations among 48 nations: Report

China and the US retain the top two positions, while India has moved one place higher to rank third

Payment of advance does not create lien over supplier's assets: Expert

Your rights arise only from the contract between you and the supplier, say expert

India is not much behind in capability, what we lack is scale: Gokaldas MD

Self-dependence should be interpreted as producing high quality goods required for Indian and global consumption in India with as much value addition as possible in the country, he said

India has the ability to reduce dependence on China, cut deficit: Report

The trade deficit contraction estimate has been made for FY22, assuming for a fourth of the items in the 40 specified sectors being sourced locally, Acuite Ratings and Research said.

Lockdown woes: Mining shrinks 27%, manufacturing falls 64% in April

Industries such as vehicles, furniture, leather, tobacco, electrical equipment and fabricated metals recorded a contraction of more than 90 per cent during the month

India must shed its protectionist attitude: Ex-CEA Arvind Subramanian

If we turn protectionist, I don't know how can we be an exporting power. Self-sufficient exporting powerhouse is an oxymoron," he said.

Agriculture, mining saved Indian economy in FY20; manufacturing bites

The farm sector is expected to perform well in FY21 as well.

Many manufacturing companies weighed labour cost cuts even before lockdown

Salary and wage bill for manufacturers was down around 1% YoY in Jan-Mar

Covid-19 crisis: 80% MSMEs in Sonipat hub await their turn to open

The first of a five-part series captures the restlessness of workers in Haryana's industrial clusters struggling to restart operations

Poor, farm sector likely to be FM Nirmala Sitharaman's next focus

Some of the sectors which have been worst affected by the pandemic and the lockdown include hospitality, tourism, aviation, logistics, e-commerce, automobiles, manufacturing and others

Lockdown 3.0: Rural India may drive demand recovery amid Covid-19 crisis

Top executives at auto, tractor and consumer packaged goods firms are optimistic. They are betting on the reverse migration of labourers boosting consumption and prediction of a favourable monsoon.

Govt working on financial package for all sectors amid Covid outbreak

Union Minister for MSME and Road Transport and Highways Nitin Gadkari said "a package is going to be declared".

About time the govt stopped discussing a stimulus package and announced it

There is no sight of reform measures as well