Page 11 - Manufacturing

TSMC's Arizona chip production yields surpass Taiwan's in win for US push

The accomplishment is a sign of progress for Washington's efforts to revitalise American semiconductor manufacturing

Royal Enfield announces first manufacturing unit, showroom in Bangladesh

Facility will assemble four models of the Indian motorcycle maker

Govt to work on designing, manufacturing planes in India, says Naidu

The government will work towards designing and manufacturing aircraft in India with the help of the industry players, Civil Aviation Minister K Rammohan Naidu said on Monday. The Bhartiya Vayuyan Vidheyak Bill 2024, which was passed by the Lok Sabha in August, includes provisions to regulate the design and manufacturing of aircraft, supporting the Aatmanirbhar Bharat initiative. "We want to design and manufacture planes in India. We are taking help from HAL (Hindustan Aeronautics Ltd) and NAL (National Aerospace Laboratories) and other industry partners we have. "In the foreseeable future, we want to also have a situation where we manufacture planes not for domestic demand only but also for the demand of the entire world... we are going to move towards it," the minister said. State-owned HAL is already into manufacturing small civilian planes but on a smaller scale. India is one of the world's fastest growing civil aviation markets and Indian carriers have more than 1,200 planes o

Innovation key to exponential growth of manufacturing sector: Bharat Forge

Innovation in the manufacturing sector is critical to achieve exponential growth as India moves towards the goal of becoming a developed nation by 2047, Bharat Forge Chairman and MD Baba Kalyani said on Monday. Speaking at the NDTV World Summit, he also stressed on the need to develop technologies locally to give fillip to the manufacturing sector. "I think India has to also create innovation in technology, we can't just copy what we get from outside. We now need to make our products which the western world will copy from us," Kalyani said. He noted that for bringing new products focus on innovation is extremely important. "There are many areas where we don't make anything right...So I think we better learn to create technology on our own power, and that should be the dream of every Indian. Do it yourself. Do it for the country. Think of the country as a whole. That's the name of the game," Kalyani stated. He stressed on the need to enhance the scale of manufacturing in the ...

Economic activity shows dynamism but at moderated pace in Q2: NCAER-NSE

Economic activity continued to show dynamism in the second quarter of 2024-25, though at a moderated pace, according to the NCAER-NSE Business Expectations Survey. The survey said after improving for two consecutive quarters, business sentiments moderated in the second quarter of 2024-25 (134.3) compared to the first quarter (149.8) as well as the corresponding quarter of 2023-24 (140.7). "While all four components of the Business Confidence Index (BCI) experienced slight moderation in sentiments between the first and second quarters of 202425, the percentage share of positive responses remained well above 50 per cent, signalling continued economic dynamism, " said the survey. In the second quarter, 62.1 per cent of firms expected that overall economic conditions would improve in the next six months, while 58.0 per cent expected their financial positions to improve during the same period. The capacity utilisation was close to or above optimal level' for 96.3 per cent of the surveye

Govt may limit laptop, tablet, PC imports after Jan to boost manufacturing

This plan, if implemented, could disrupt an industry worth $8 billion to $10 billion and reshape the dynamics of the IT hardware market in India, which is heavily reliant on imports

2nd time in 20 yrs: Manufacturing jobs pull ahead of growth, shows ASI data

Capital intensity adds horsepower to the sector in latest ASI data

India on track to become third-largest economy by 2028: IEA projection

India will over the next decade add more than 12,000 cars a day, expand built space equivalent to the built space in South Africa, and its air-conditioners will consume more electricity than entire power consumption in Mexico, the IEA said. It is likely to see a rise in demand for all forms of energy -- from oil and gas to coal, electricity and renewable energy -- through 2035, making it the growth engine for energy demand globally, the International Energy Agency (IEA) said in its World Energy Outlook 2024. India, the world's third largest oil consuming and importing nation, will see its demand for oil rise by almost 2 million barrels per day by 2035 and become the main source of oil demand growth in the world. According to IEA projections, the country is on track to become the third-largest economy in the world by 2028. It was the world's fifth largest economy and the fastest growing major economy in 2023, with output increasing by 7.8 per cent. India overtook China in 2023 to .

DPIIT relaxes mandatory quality control order for cookware for micro units

The Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday said it has relaxed the mandatory quality control norms for cookware and utensils for micro units. The quality control order (QCO) on cookware, utensils and cans for foods and beverages was issued last year to cut imports of sub-standard goods and promote domestic manufacturing. "To enhance ease of doing business, several relaxations have been introduced in the QCO, which includes exemption from the QCO for very small micro-enterprises (i.e. micro-enterprises registered under the Udyam portal) where the investment in plant and machinery does not exceed Rs 25 lakh, and the turnover does not exceed Rs 2 crore," it said. Further, a six-month relaxation to clear legacy stock has been provided through a specific provision and exemption for the import of cans filled with powder, semi-solid, liquid, or gas through a specific provision has been introduced. An exemption for 200 units of cookware, utensils and can

Needs to step up manufacturing to meet 'Viksit Bharat' goal: Volvo India MD

The manufacturing sector is a weak link for India to meet its goal of Viksit Bharat, and it needs to increase its contribution to the GDP to 25 per cent if the country has to achieve its target of becoming a developed nation by 2047, Volvo Group India Managing Director and President Kamal Bali said on Tuesday. Speaking at a symposium organised by the Indian Foundation for Quality Management, he said the country needs to cash in on the opportunity of USD 3 trillion worth of manufacturing shifting from "our neighbour to other geographies" by focusing on quality. "If we have to become Viksit Bharat, manufacturing clearly will have to really fire on all cylinders. Currently, our manufacturing is the weak link," Bali said. For the last 20 to 25 years, manufacturing continues to be 15 to 16 per cent of India's GDP, he added. "Successive governments and various leaders have tried it, but the needle hasn't moved much. So, this has to change," Bali asserted. Citing examples of countries l

Voltas, Daikin, and Orient among 38 white goods PLI scheme bidders

According to Sanjiv, joint secretary, Department for Promotion of Industry and Internal Trade (DPIIT) the latest round will attract investment worth Rs 4121 crore

Food products and textiles top manufacturing employers, says survey

Data shows that the total number of operational factories in the organised manufacturing sector increased to 253,334 in FY23 from 249,987 in the financial year 2021-2022 (FY22)

JSW Green Mobility gets 636 acre land for Maharashtra manufacturing plant

Vehicle manufacturer JSW Green Mobility has been allotted 636 acres of land in the Bidkin node of AURIC city and the plant will go into production in the next 12 to 18 months, an official said. After allotting 827 acres of land to Toyota Kirloskar Motors Private Limited, the administration has issued land to another vehicle production company in the Bidkin node of AURIC (Aurangabad Industrial City). The administration has issued 636 acres of land to JSW Green Mobility company in the Bikdin node. The land allotment certificate was issued online by the Maharashtra Industrial Township Limited (MITL) on Thursday, an official said. The company will establish an electric car manufacturing unit on 546 acres of the allotted land. Apart from this, the company will also produce commercial vehicles in the area of 90 acres. The company will invest Rs 27,200 crore here, which will create 5,000 direct and 15,000 indirect jobs, a release said on Thursday. The company will commence its work soon a

PM to lay foundation stones of projects worth Rs 7,600 cr in Maharashtra

PM Modi will also lay the foundation stone of the upgradation of Babasaheb Ambedkar International Airport in Nagpur today

Data centres in India pivot to strategic artificial intelligence focus

The Ministry of Electronics and Information Technology has also signed an agreement with Nvidia for 10,000 GPUs, which will be allocated to startups

Statsguru: A decade of Make in India sees growth, but challenges remain

One of the stated objectives of the Make in India initiative was to boost manufacturing activity and improve investments in the sector

Clear laws, SOPs needed to protect workers, manufacturers' interests: GTRI

The government needs to focus on formulating clear laws, and standard operating procedures to protect workers and interests of companies to foster a more stable industrial environment in the country, economic think tank GTRI has suggested. It also said that to reduce industrial strikes, India must prioritize protecting workers' rights while maintaining industrial stability and there is an urgent need to take steps to help address labour disputes before they escalate into strikes. "Industrial strikes have led to factory closures and job losses in India for decades," GTRI founder Ajay Srivastava said, adding that the strike by over 1,000 workers at Samsung's Sriperumbudur factory in Tamil Nadu since September 9 is not an isolated event. He suggested seven steps that includes enforcement of labour laws, setting up mediation systems, union-management dialogue, legal framework for labour compliance, collaboration between centre and states on the subject, and intelligence to detect ...

Salaries in India to rise 9.5% in 2025, led by engineering, mfg hikes: Aon

Attrition rate in 2024 fell to 16.9 per cent from 18.7 per cent in 2023 and 21.4 per cent in 2022

Shree Cement ties up with DPIIT to support startups in manufacturing sector

Shree Cement Ltd on Tuesday said it has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to support startups in the manufacturing sector and drive innovation. Through this partnership, Shree Cement aims to support product startups by offering infrastructure, mentorship, access to funding, and market connections, guiding them from prototype development to potential international expansion, the company said in a statement. "Our partnership with DPIIT reinforces our commitment to fostering innovation in the manufacturing sector. We believe this partnership will play an important role in promoting self-reliance through domestic manufacturing and import substitution," Shree Cement Managing Director Neeraj Akhoury said. DPIIT Director Sumeet Jarangal said, "This partnership between Shree Cement and DPIIT will lay the foundation for a brighter future for early stage manufacturing startups and is a strong step in making Indi

Manufacturing employment creation picked up in FY23, says NSO survey

Sector GVA also rose 7.3% Y-o-Y to Rs 21.97 trillion