Page 12 - Manufacturing

India remains fertile ground for China smartphone majors, shows data

Big chunk of sales comes from the country despite legal troubles

PLI scheme subsidy payouts to eligible companies remain in the slow lane

The government has disbursed close to Rs 4,000 crore or around a fourth of its annual subsidy payment estimate to the eligible beneficiaries under the 14 PLI schemes

Market friendly, joint Centre-state approach key for new industrial policy

The growth boom in manufacturing that India experienced following the shift of focus from public sector to the private sector was driven more by market-friendly than business-friendly interventions

India's import dependence on key pharma ingredients may reduce by half

Two newly inaugurated units will manufacture important molecules used in several common antibiotics

Flender India planning to invest further in Indian market: Official

Flender India, part of the century-old Germany-headquartered Flender Group, plans to continue investing in the domestic market to accelerate growth in the coming years, a company official said. Over the past four years, Flender's investments in India have nearly "quadrupled," underscoring the market's significance, according to a release. The company operates three production sites in Kharagpur (Kolkata), Chennai and Walajabad in Kancheepuram district, Tamil Nadu, to meet both local and global demand for wind turbine drive gearboxes. To commemorate the Flender Group's 125th anniversary, CEO Andreas Evertz and Flender India CEO Vinod Shetty, accompanied by senior company officials, visited the Tamil Nadu facilities and engaged with employees, according to a company statement issued on Sunday. Approximately 10 percent of Flender Group's 9,000 employees are based in India. Founded in 1899 in Bocholt, Germany, with a focus on wooden pulleys, Flender established its first manufacturing

Ambattur's evolution: Once a manufacturing hub, now a data centre hotspot

In 2024, the clang of metals colliding and the scent of welding fire and chemicals greet visitors to Ambattur - a 45-minute drive from Chennai city

Renault Nissan Chennai unit crosses 4.5 mn powertrain production milestone

The plant has the capacity to produce engines ranging from 800cc to 1500cc

Medical device makers claim import of refurbished devices can harm industry

Manufacturing associations added that recent government orders permitting such imports threaten the efforts of Indian manufacturers to meet the vision of Aatmanirbhar Bharat

Indian manufacturers eye 2-3x profit growth with Industry 5.0: PwC report

Nearly half of Indian manufacturers said they invested in supply chain resilience with real-time analytics. Over 50% of them focus on sustainability, and 46% on strengthening cybersecurity

Manufacturers adopting AI, robotics to boost sustainable biz practices: PwC

A significant percentage of Indian manufacturers are adopting niche technologies like Artificial Intelligence and robotics, to boost sustainable business practices as well as boost revenues, according to a PwC report. Covering six industries, PwC's report 'Decoding the Fifth Industrial Revolution: Marching towards a resilient, sustainable and human-centric future' found that 93 per cent of Indian manufacturers are embracing Industry 5.0 to drive both sustainable practices and boost revenues. PwC India's research was conducted between May and July 2024 and covered 180 manufacturing senior executives from the automotive, cement, chemicals, industrial goods, metals and textiles and clothing industries. As per the research, more than 50 per cent of Indian manufacturers are prioritising investments this year in sustainable practices. These investments are aimed at leveraging digital technologies to adopt renewable energy sources and enhance energy efficiency, among others. Additionally,

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