Page 2 - Manufacturing

Accel once rejected Zetwerk: Now it sells a slice of its stake in the IPO

The VC firm trimmed its stake in the manufacturing platform's ₹5,012 crore-offering but says it remains bullish on the rest

FICCI seeks greater Dutch investment in India's mfg, tech sectors

Industry body FICCI has called for greater Dutch investment in India's manufacturing and technology sectors, while pitching for joint ventures, technology partnerships and supplier-development programmes to deepen bilateral economic ties. FICCI Secretary General Anant Swarup said the ongoing visit of Commerce and Industry Minister Piyush Goyal to the Netherlands could help translate investment discussions into specific projects by bringing together businesses and government agencies to address issues related to location, technology, infrastructure, suppliers and regulatory approvals. He said that the chamber would like to see progress on four key areas and that includes manufacturing partnerships, technology collaborations, supply chain integration, and follow-up of projects. It called for a pipeline of joint ventures and capacity-expansion proposals in engineering, equipment, food processing and other technology-intensive industries. It also called for partnerships between ...

Zetwerk heads for stock market debut as alumni build manufacturing startups

Ventures founded by former Zetwerk executives are borrowing the company's playbook of orchestrating factories rather than owning them, attracting over $130 million in funding

Datanomics: Finally, goods producers get pricing power as demand picks up

Manufacturing and mining goods lead the increase, though prices remain below the FY23 base-year level

Polysilicon support scheme receives FinMin's in-principle approval

Finance ministry clears proposed scheme in principle; Cabinet nod awaited

ZF expects India sourcing to grow 10-15% annually over next 3-4 years

ZF Group has seen India sourcing rise 20% in three years and expects further growth, citing a 20% cost advantage from Indian suppliers even after shipping expenses

HPL arm's ₹6,000 crore chemical plant inaugurated in West Bengal

Govt prods investors to surrender unused land allotted for projects or utilise it immediately

India positioning itself as trusted global supply chain partner: Vaishnaw

The Union minister said cost alone no longer drives supply-chain decisions, with trust, cybersecurity and resilience becoming central to global technology partnerships

India found itself 'let down miserably' during Covid, says Piyush Goyal

Goyal said India was left without essential equipment during the pandemic, prompting the push for self-sufficiency

ReNew secures $100 million from Dutch development bank FMO for projects

The 10-year financing facility from FMO will support ReNew's renewable energy projects under construction and help diversify its funding sources across domestic and international markets

Vimag Labs starts production at Haryana plant, plans ₹50 crore investment

Accel-backed deep-tech startup Vimag Labs on Tuesday said it has started production at its first manufacturing facility at Jhajjar, in Haryana and plans to invest Rs 50 crore in a phased manner in scaling capacity. Vimag, which manufactures and assembles motor and control systems and related propulsion systems, has already completed and exported its first production batch from the Jhajjar facility, the company said. The site is the starting point of a phased manufacturing build-out in India, the company said, adding it currently plans around Rs 50 crore investment across this build-out. "Our initial focus is on scaling mid-power motor and control systems for commercial programmes. As customer programmes mature, we plan to extend manufacturing into high-power systems of 570 kW and above and deepen partnerships across India for manufacturing, supply chain, tooling and industrialisation," said Manish Seth, Co-founder and CEO, Vimag Labs. The overall scale of investment will continue t

Manufacturing adds 1.4 million jobs as investment grows in FY25: Mospi

The latest ASI shows manufacturing employment crossing 21 million, with stronger investment, higher wages and continued growth in output and value addition

Factory output rebounds in Q2FY27, but risks to recovery remain: Ficci

About 95 per cent of manufacturers reported higher or steady production in Q2FY27, while rising costs and geopolitical uncertainty continued to weigh on investment

Union Cabinet approves ₹10,000 crore commitment to SME Growth Fund

The fund will provide growth capital to SMEs seeking to expand capacity, adopt technology, enter global markets, make acquisitions and join global value chains

GST Council may allow export tag for overseas contract manufacturing

Proposal seeks to address a place-of-supply anomaly by allowing export treatment for work done for overseas companies even when finished goods remain in India

Advanced manufacturing, energy security key to growth: N Chandrasekaran

Tata Sons Chairman N Chandrasekaran says India needs continued investment in advanced and precision manufacturing, energy security and human capital for long-term growth

India's industrial output flags gap between textiles, apparel manufacturing

The government's industrial output data, which showed robust growth in August this year, buoyed by the overall manufacturing sector's performance, indicated a prolonged contraction in apparel production, even as the upstream textile industry logged firm upward momentum. According to the Index of Industrial Production (IIP) released by the Statistics Ministry last week, overall growth in August 2026 stood at 8 per cent against 6.7 per cent in the preceding month. Within the manufacturing sector, 18 of 23 industry groups have recorded positive growth in August 2026 over the year-ago month, the Ministry of Statistics and Programme Implementation (MoSPI) said in a statement. Wearing apparel, one of the 23 manufacturing industries and the bellwether of India's exports, has witnessed a contraction of 7.4 per cent in August and a cumulative year-on-year decline of 5.6 per cent during the April-August period of the current financial year. In contrast, the textile industry, which feeds appa

India does not have structural excess manufacturing capacity: Piyush Goyal

Commerce and Industry Minister Piyush Goyal said India does not have structural excess manufacturing capacity in the sectors identified by the G20 Presidency, asserting that the country's manufacturing capacity serves both domestic and global needs. The US holds the G20 Presidency in 2026. He also said industrial capacity in itself is not the issue; however, distortions can arise where geographical concentration of production is driven by hidden subsidies and support. The minister added that diversification of production and supply chains is a legitimate objective, but it cannot be used as a pretext for measures outside WTO (World Trade Organisation) rules or shifting the burden of adjustment onto developing countries, which must retain policy space to industrialise. "India's manufacturing capacity serves its domestic and global needs and that, in the sectors identified by the G20 Presidency, India does not have structural excess capacity," Goyal said. India shares the concern of

New factory investment falls in FY25 for first time since pandemic: NSO

Gross fixed capital formation fell 8 per cent in FY25 after two years of strong growth, while factories added workers and wage growth edged ahead of profit growth

Focus on the journey ahead

India's growth numbers are impressive, but the past week offered a fair dose of reality on what it will take to sustain that growth