Page 14 - Manufacturing

Wrong turn inwards: Exports no longer a manufacturing priority for India

For consumer welfare, greater economic resilience, a stable trade deficit, and sustainable growth, the country needs to start looking outward for new markets

Export share of manufacturing companies' sales nears a record low

Drop across listed and unlisted companies

'Electronics production must grow at 22% to hit $500 billion target'

In FY 2024, the total electronics production stood at $115 billion

Here's what India needs to accomplish its semiconductor ambitions

The focus should be on identifying the spots in the supply chain where India can enter quickly and scale up effectively

Centre to get Semicon 2.0 policy in place in next 3-4 months: Vaishnaw

Vaishnaw also said that under Semicon 2.0, an equal focus will be on ecosystem partners, equipment manufacturing, fabs, ATMPs, and other segments of the overall semiconductor ecosystem

Overcapacity effects: Steel sector leads demand for protection from China

Steel producers have petitioned the government that their capacity expansion will be under threat unless prices, and therefore margins, are supported through tariffs

Aspiring for 10 semiconductor manufacturing plants in 10 yrs: ISM CEO

India aspires to have 10 semiconductor manufacturing plants in 10 years but the nature of support from the government may vary based on the development in the industry, a top official of the India Semiconductor Mission said on Monday. While speaking at a joint presser of mobile devices industry body ICEA and Semicon India organiser Semi, Akash Tripathi said while setting up Indian Semiconductor Mission (ISM), it was envisioned to get two or three semiconductor manufacturing plants, two or three display fabs and various compound semiconductors. "We will always be engaged with the industry but the nature of engagements may differ. 10 years down the line there will be projects that will be operational, producing semiconductors, the ecosystem will be developed, then things will be different. Aspiration-wise, we would like to have 10 fabs," Tripathi said. The government has received 20 proposals for setting up semiconductor units including the chip packaging plants. Tripathi said that a

US partners with India Semiconductor Mission to expand global ecosystem

Signed into law in August 2022, the US' CHIPS Act provides $500 million over five years to promote the development of secure and trusted semiconductor supply chains

India's 1st Silicon Carbide manufacturing facility to be set up in Odisha

Odisha Chief Minister Mohan Charan Majhi Friday graced the ground-breaking ceremony of India's first silicon carbide manufacturing facility to be set up in Odisha at an investment of Rs 620 crore. The project will be developed by RIR Power Electronics Limited, a leader in India's semiconductor power electronics technology at the EMC Park, Infovalley, Bhubaneswar. This development places India and the state of Odisha squarely at the forefront of the global power electronics market, an official said. Attending the event, Chief Minister Mohan Charan Majhi said, The establishment of RIR Power Electronics Limited's facility is another notable step in our ongoing journey to make Odisha a leading semiconductor hub in India. He said this new facility will not only create state-of-the-art products but also open up a wealth of opportunities for our talented youth, providing them with avenues to work at the cutting edge of technology right here in Odisha. The facility will attract skilled ..

Tower-Adani JV to set up $10 bn semiconductor unit in Maharashtra: Fadnavis

The proposed semiconductor manufacturing plant, located in the Navi Mumbai suburbs in Raigad district, will have an initial capacity of 40,000 WSPM in the first phase, with an ultimate capacity of 80,

India should aim at developing 10 fabs in 10 years: Semi's Manocha

According to industry estimates, the Indian semiconductor market is projected to exceed $100 billion and generate over 6 lakh jobs by 2030

India lags in filling void left by Chinese export retreat: World Bank

India's share of global apparel exports has decreased from 4 per cent in 2018 to 3 per cent in 2022, mainly due to rising production costs and declining productivity, according to the World Bank

India's manufacturing activity growth hits 3-mth low in Aug, shows PMI

The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell for a second month in August, dropping to 57.5 from July's 58.1

China's August manufacturing swung back to growth, shows Caixin PMI

The Caixin/S&P Global manufacturing PMI rose to 50.4 in August from 49.8 the previous month, beating analysts' forecasts in a Reuters poll of 50.0

Ramkrishna Forgings seeks 20% exports growth as Mexico unit comes up

Company last year acquired three companies as it ramps up production capacity

Will lead in biomanufacturing on abundant bioresources: Minister Singh

Union Minister Jitendra Singh said on Saturday that bio-manufacturing will shape the future of global economy, and India is well-positioned to lead this revolution due to its abundant bio-resources. "India has an opportunity to lead the next big revolution which will be driven by bio-manufacturing. While the west led the IT revolution, India, with its immense and largely untapped bio-resources, is ready to take the lead," Singh said. He said that bio-manufacturing offers solutions to global challenges like climate change, resource depletion, waste generation, and pollution. It can help meet the growing demand for food and fuel while also creating new jobs. Singh said that India currently imports most of its crude oil, but bio-manufacturing, using biomass and carbon dioxide, can make the country more self-reliant in fuel production. Also, it could support the dairy industry through non-dairy milk alternatives, promoting resource sustainability. Last week, the Union Cabinet approved

Manufacturing to determine India's growth path, says Piyush Goyal

Goyal argued some of the issues faced by companies in India revolve around land and lack of infrastructure

Meity plans jobs push in proposed electronic components PLI scheme

The component scheme aims at adding value to electronics finished products from mobile devices, laptops, PCs and servers, among others

Union Cabinet approves 12 industrial smart cities worth Rs 28,602 cr

These projects are expected to attract investment to the tune of around Rs 1.52 trillion with the potential of generating 10 lakh jobs

Govt clears 12 industrial cities to spur manufacturing; Rs 28,602 cr outlay

The Union cabinet on Wednesday approved 12 new industrial cities in 10 states states to boost domestic manufacturing with an estimated investment of Rs 28,602 crore. Spanning across 10 states and strategically planned along six major corridors, these projects represent a significant leap forward in India's quest to enhance its manufacturing capabilities and economic growth. These industrial areas will be located in Khurpia in Uttrakhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerala, Agra and Prayagraj in UP, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in AP, and Jodhpur-Pali in Rajasthan. The Union Cabinet has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs 28,602 crore, said Union Minister Ashwini Vaishnaw after the Cabinet meeting. The move will transform the industrial landscape of the country, creating a robust network of industrial nodes and cities