Page 6 - Manufacturing Sector

9 months, Rs 1.62 trillion: Apple iPhone revenue closes in on Tata Steel

Market revenue is the amount a company earns from selling its products in domestic and export markets

US manufacturing activity expands for first time since 2022 as orders rise

The ISM survey showed producers are also contending with elevated costs amid a healthy demand environment. The gauge of prices paid rose by 2.4 points to 54.9, the highest since May

Budget 2025: FM cuts customs duty on 40 items to boost manufacturing

After a comprehensive review of the customs rate structure, the government has decided to remove seven tariff rates

Gabriel India acquires assets worth Rs 60 cr from Marelli Motherson

Auto components maker Gabriel India on Saturday announced acquisition of assets from Marelli Motherson Auto Suspension Parts Pvt Ltd for Rs 60 crore. With this acquisition, Gabriel India has acquired additional annual manufacturing capacity of 3.2-million shock absorbers and 1-million gas spring units, the company said in a statement. The total purchase consideration payable under the Asset Purchase Agreement (APA) is Rs 60 crore, subject to closing adjustments, Gabriel India said in a regulatory filing. Pune-based Marelli Motherson Auto Suspension Parts Pvt Ltd (MMAS) is a 50:50 joint venture between Marelli Europe S.p.A. (formerly known as Magneti Marelli S.p.A.) and Samvardhana Motherson International Ltd. It specialises in the design, production and marketing of passive shock absorbers, including semi-corner modules and gas springs, for cars and commercial vehicles. Gabriel India further said it will enter into a licence agreement and a technical assistance agreement with Mare

GX Group bats for scheme to manufacture telecom equipment indigenously

The government should introduce phase manufacturing program for telecom equipment to boost local ecosystem and enhance value addition in indigenously made products, a senior official of GX Group said. GX Group CEO Paritosh Prajapati told PTI that it's time for the government to give a boost to electronic components as well to enhance value addition in the telecom gears which are a critical element from the national security perspective as well. "To have a complete homegrown ecosystem of telecom and IT equipment, the government should look at a phased manufacturing programme (PMP) for these equipment. "Along with developing domestic manufacturing, PMP will also ensure that there is no hindrance in the overall supply chain resulting in smooth deployment of the digital infrastructure," Prajapati said. GX Group is one of the beneficiaries of the telecom production-linked incentive (PLI) scheme. Telecom production in the country crossed Rs 70,000 crore in November. Out of the total ...

Health and education reforms: A blueprint for India's manufacturing dream

India's ambition to lead global manufacturing depends on tackling malnutrition and improving education. The Union Budget 2025 offers a chance to invest in these sectors, leading to sustainable growth

DPIIT signs agreement with ITC to help startups in manufacturing sector

The Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday said it has entered into a strategic partnership with ITC Ltd to help startups in the manufacturing sector. "Under this partnership, ITC is looking to deploy startup solutions in key areas such as digital platforms for Manufacturing Execution Systems (MES), integrating renewable energy opportunities for manufacturing locations, and energy storage systems," the department said. It added that a Memorandum of Understanding (MoU) has been signed which will set the tone for a partnership where ITC's experience and expertise with extensive market network will complement DPIIT's initiative for supporting startups across the country. DPIIT Joint Secretary Sanjiv said, "We look forward to fostering scalable solutions and transformative growth to ensure a conducive environment for startups." Startup India Director Sumeet Kumar Jarangal said this would help provide hassle-free market access to startups in terms o

Assembly lines adopt flexible robotics to meet rising consumer expectations

These systems can be deployed across various industries ranging from pharmaceuticals, and consumer goods to the automotive sector

Indian manufacturing ends strong 2024 with a soft note, Dec PMI at 56.4

According to the HSBC Final India Manufacturing PMI, compiled by S&P Global, this was the joint weakest growth rate of 2024

NITI Aayog urges reforms to ease worker housing near industrial hubs

To truly unleash the potential of India's manufacturing sector, there is a need to think of dense, large-scale housing for workers as infrastructure

Lower-paid workers at higher risk of severe injury in auto sector: Report

The report, Crushed 2024, is the sixth annual study on the state of worker safety in the Indian auto sector

NITI Aayog pushes for funding to build quarters for workers near factories

The programme is likely to be undertaken by providing VGF to private developers to keep dormitory rentals in check and reduce commuting costs and safety concerns for workers in industrial hubs

Manufacturing's Renaissance: Gearing up for New Highs

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Manufacturing firms see decline in operating profit for second qtr in a row

The operating profit for manufacturing firms is down 18.4% year-on-year, according to CMIE

Stymied by fierce competition, manufacturing PMI slips to 56.5 in Nov

The rate of expansion is second-weakest in 11 months, the figure stood at 56.5 in January

November PMI at 56.5 as India's manufacturing growth shows signs of strain

HSBC final India Manufacturing PMI for November matches September's eight-month low of 56.5

Premium focus, margin rise to drive profits for appliance maker Crompton

Channel expansion initiatives and new launches aided the growth in mixers and grinders which are part of the small domestic appliances segment

Lubrizol, Polyhose sign MoU to set up medical tubing unit near Chennai

Production is expected to commence in 2026, and will make tubing that can be used in highly specialised devices such as balloon and minimally-invasive-procedure catheters

Reimagining agriculture's role in economic development and growth

An agriculture worker in China generates merely one-fourth of the income generated by a non-agricultural worker. India and Vietnam are close to China while Indonesia shows lower disparity

Novo Nordisk expects high demand for obesity drugs in India: Country head

The company is still 'evaluating' the price of the drug, but is confident that the price-sensitive Indian population will be able to afford it, Novo's India Managing Director Vikrant Shrotriya said