Page 18 - Manufacturing

Silent drive: Electric vehicle capital Hosur navigates the election circuit

Beyond the buzz of Ola and Tata, Hosur ignites India's electric evolution, quietly

PLI incentives for FY24 remain at Rs 6,800 crore, far from govt estimates

Singh shared government's plans to make PLI schemes for textiles, bulk drugs, food products, and solar PV modules relatively attractive by adding more product lines and extending the timelines

Zoho announces manufacturing power tools under its new venture 'Karuvi'

Zoho is the parent company of well-known technology brands, including ManageEngine, Zoho.com, TrainerCentral, and Qntrl

We will use GenAI across our portfolio to simplify experiences: Cisco Prez

Chittilapilly talks about the progress of the Chennai plant, small and medium businesses (SMBs), and trends in tech spending

PLI for mobiles has choked production growth: Zetwerk's Josh Foulger

It suggested that a PLI 2.0 for mobile phones should be modelled on the revamped PLI for IT hardware so that incentives are linked to value addition to avoid the failures of the first scheme

Metastable Materials plans to expand high-yield battery recycling capacity

Founded in October 2021, the company's current manufacturing facility, located in Bangalore, holds a capacity to extract 5 tonnes of materials per day

RBI launches manufacturing cos survey, a key input for policy formulation

The Reserve Bank has launched the next round of quarterly order books, inventories and capacity utilisation survey of manufacturing companies, a key input for the monetary policy formulation. The 65th round of survey is for the reference period January-March 2024 (Q4:2023-24), the central bank said. The Reserve Bank has been conducting the order books, inventories, and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008. The information collected in the survey includes quantitative data on new orders received during the reference quarter, backlog of orders at the beginning of the quarter, and pending orders at the end of the quarter. It also collects data on total inventories with a breakup between ?nished goods (FG), work-in-progress (WiP) and raw material (RM) inventories at the end of the quarter, item-wise production in terms of quantity and value. The level of capacity utilisation (CU) is estimated from these responses. "The surve

Pegatron in talks to hand over its only iPhone plant in India to the Tatas

Tata, one the largest conglomerates in India, will operate the joint venture through its Tata Electronics unit, the second source said

Average salary hike in India likely to be 8-11% this year: Randstad India

The junior professionals are likely to outshine senior professionals in terms of salary hike percentage

AC industry expects double-digit growth, 11.5 mn unit sales this season

Sale of air conditioners has seen a relatively slow start, contrary to expectations, but manufacturers remain confident of registering double-digit growth to cross the 11.5 million unit sales-mark this year. Leading players in the AC industry said "favourable weather forecast of a scorching summer" and increase in disposable income are likely to push up sales. Top manufacturers such as Daikin, Panasonic, LG Electronics, Blue Star, Godrej Appliances and Lloyd, expect up to 25 per cent growth this year, along with a substantial contribution from tier-III towns and smaller centres, which are emerging as promising markets for the category. Sale of energy-efficient 5-star inverter-technology-based models will have a higher contribution from metro cities and other big markets, while affordable 3-star ACs will continue to dominate the semi-urban and rural markets, they said. Brands have already introduced a new lineup with smart features such as IoT, energy-efficient models with low ...

JAM ties up with MAE to invest Rs 2,700 crore in carbon fibre plant

Composite materials producer Jindal Advanced Materials (JAM) has collaborated with Italy's MAE S.p.A. to invest Rs 2,700 crore to set up a carbon fibre plant of 3,500 metric tonnes annual capacity. With the development, JAM is set to become a key supplier of carbon fibre, a statement said. According to the statement, JAM has signed an agreement with Italian speciality chemical fibre manufacturer MAE S.p.A. to set up India's first carbon fibre facility of 3,500 metric tonnes (MT) annual capacity at an investment of Rs 2,700 crore. The facility will offer a comprehensive range of intermediates viz prepregs, fabrics, multiaxial and carbon fibre composites catering to diverse industrial needs. OP Jindal family scion Abhyuday Jindal has invested in the company. The company aims to penetrate industrial markets, offering lightweight carbon fibre solutions. JAM's ambitious plan includes the production of low-tow to high-tow carbon fibres, with the capacity expansion projected to reach 10

Wipro-GE Healthcare to invest Rs 8K crore to 'Make in India for the World'

The products slated for export include positron emission tomography-computed tomography (PET-CT) used for cancer diagnosis, CT, and magnetic resonance imaging (MRI) coils

India needs to double electronics manufacturing: Tata Electronics chairman

India has slowed down on the manufacturing front and needs to double down on electronics manufacturing services (EMS)-designing, manufacturing, testing components and assemblies for original equipment manufacturers, Tata Electronics Chairman Banmali Agrawala said. During a conversation with Vinay Ramesh, COO at the Foundation for Economic Development, Agrawala said India has gone 'slow' on the manufacturing front and needed to ensure that the sector, which accounts for 13-15 per cent of India's GDP, has a much larger share as it will create better-paying jobs. "Our share in the global trade in manufacturing is negligible, so there is ample room for growth. Electronics, on its own, has a global trade worth USD 5 trillion. Given the pace of digitalisation the world over, it is only going to grow, and this is something India should be after," Agrawala said, adding that India's domestic consumption is not going to be enough to be able to achieve sustained economic growth. "We have to ha

US durable goods orders best expectation, biz spending outlook brightens

The rebound in orders reported by the Commerce Department on Tuesday, which was driven by increases in transportation equipment, primary metals and machinery

Jaishankar urges Singapore's biz community to invest in India's chip sector

External Affairs Minister S Jaishankar on Saturday briefed Singapore's business community about the strides taken by India in the field of manufacture of semiconductors and appealed to them to invest in this key sector in the country. Jaishankar spoke about how machines for the manufacture of semiconductors have started coming (to India) and also how India is progressing towards establishing the first three plants for this multi-billion dollar industry. There is a degree of purpose and seriousness as well as investment going into manufacturing that has not been seen for a long time, the Minister told a 300-plus audience, mostly Singapore-based members of the business community. He was answering questions at the Institute of South Asian Studies (ISAS) of the National University of Singapore (NUS) after a lecture on his book Why Bharat Matters.' A very productive interaction with leading Singaporean Corporate figures. ... Appreciate their positive feedback on the India growth story,

Welspun Corp's unit, Saudi Aramco scrap $41 million steel pipe contract

Welspun did not disclose the reason for the cancellation of the contract, but said it would not affect its operating plans

Rewari factory blast: Three more succumb to injuries, death toll reaches 10

Three more workers injured in a boiler blast at a spare parts manufacturing facility in Haryana's Rewari last week died on Friday, taking the death toll in the incident to 10, police said. "Two workers died during treatment at PGIMS Hospital, Rohtak while one worker died in Delhi's Safdarjung Hospital. The death toll in the incident has now risen to 10," Dharuhera police station SHO Jagdish Chand said. The blast took place at the manufacturing facility in the Dharuhera industrial area on March 16, leaving 40 workers injured, according to the police. Chief Minister Nayab Singh Saini had on Wednesday met the injured at PGIMS Hospital. Saini had said he had already ordered a magisterial probe into the incident and the government would take appropriate action based on its findings. The police on Sunday had registered a case in connection with the boiler blast. The contractor and others have been booked in the case. The FIR was registered on the basis of a complaint filed by Raj Kumar

Amber group, Resojet form JV to enter washing machine manufacturing biz

Amber group, a homegrown contract manufacturer for HVAC and consumer electronics, on Thursday said it has formed a 50 per cent JV with Resojet, a Radiant Group Company, for manufacturing fully automatic washing machines. This will help Amber group expand its footprint in the consumer durables space, beyond room air conditioners, a joint statement said. An Amber Enterprises spokesperson said, This joint venture is a significant step forward for Amber Enterprises as we continue to expand our presence in the consumer durables market. By partnering with Resojet, we gain access to their expertise in manufacturing washing machines, allowing us to offer a wider range of high-quality products to our customers. "Resojet is excited for this partnership, together we shall bring more value for our customers & also further strengthen groups association for various other consumer electronics & durable products, a Radiant group spokesperson said. Earlier in January, Amber Group had announced

Schneider Electric to invest Rs 3,200 crore to make India manufacturing hub

Energy management and automation major Schneider Electric said it will invest Rs 3,200 crore by 2026 to make India its manufacturing hub for domestic sales as well as exports. Under the plan, Schneider Electric on Thursday inaugurated a facility with Rs 100 crore investment to produce cooling solutions for data centres in Bengaluru. The company will invest Rs 3,200 crore for making India a manufacturing hub for the group, Schneider Electric India President-Greater India Zone and MD & CEO Deepak Sharma told PTI on the sidelines of plant inauguration. As part of this, the company will set up manufacturing facilities for its various products and solutions across India. He also informed that the company is setting up factories in Maharashtra, Karnataka, Gujarat, Telangana, Tamil Nadu, West Bengal, Uttarakhand and Odisha. Presently, the company has 30 factories across India, including the new cooling solutions factory inaugurated on Thursday. Sharma informed that the company is alread

Bharti Airtel, State Bank of India, Zomato on Jefferies hotlist for 5 years

Amber Enterprises, specialising in ACs and components, expects earnings to grow over 36 per cent CAGR from FY24-30 due to the PLI scheme