Page 29 - Manufacturing

Govt plans over $2 billion in incentives for new manufacturing sectors

A fraction of the PLI incentives has been claimed so far, prompting the government to allocate unused funds to new sectors

Govt rolls out mandatory quality norms for solder wires used in electronics

The government has issued mandatory quality norms for solder wires, used in electronics and engineering industry, to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on September 18. Items under Flux Cored Solder Wire (Quality Control) Order, 2023 cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark. These orders will come into force with effect from six months from the date of publication of this notification, the DPIIT said on Tuesday. Soldering is a critical process where quality of flux cored solder wire is of paramount importance as any failure will impact quality and safety of the products soldered particularly in electronic and automobile industry. "The implementation of the Quality Control Order (QCO) for this product is crucial not only for the safety of consumers,

'Domestic manufacturing of premium lighting products may double in 3 yrs'

The Indian premium decorative lighting industry is focusing on domestic value addition to replace imports, and expects the localisation level to double from the current stage in the next three years as the demand is on the rise, a senior company official said. Localisation refers to locally producing or manufacturing components. It is beneficial for a sector as it cuts down the cost of the component or the whole product. The localisation and domestic manufacturing of premium lighting products is now around 20 per cent, which is expected to double in the next three years, said Usha International. president and business head (lighting) Vikas Gandhi. He explained that the volume did not support complete localisation, but the revival in the market with a boom in the housing and hospitality sectors has encouraged the company to promote local value addition. Currently, most of the imports are from China, according to the executive, whose company sells its products under the Tisva brand

Smartphone, auto makers may be mandated to enable NavIC on devices: MoS IT

He also shared that Accord Software & Systems, a domestic start-up, was the first Indian company to design NavIC chips

Exide Industries invests Rs 100 cr in advanced chemistry battery cell arm

Battery maker Exide Industries Ltd on Thursday said it has invested over Rs 100 crore in its wholly-owned arm Exide Energy Solutions Ltd, which is into manufacturing of advanced chemistry battery cells. In a regulatory filing, Exide Industries said it made the investment by way of subscription in the equity share capital of Exide Energy Solutions Ltd (EESL) on a rights basis. There is no change in the shareholding percentage of the company in EESL pursuant to such acquisition, it said. EESL has a paid up equity share capital of Rs 374.40 crore as on date with net worth of Rs 655.20 crore as on March 31, 2023 and it posted a net loss of Rs 59.81 crore in the year ended March 31, the filing added. The company is into manufacturing battery cells of advanced chemistry and form factor, including but not limited to cylindrical, pouch, prismatic battery cells as well as manufacturing, assembling, selling battery modules, battery packs and other related activities, the company said.

PepsiCo India to invest Rs 778 cr for new manufacturing plant in Assam

The company aims to provide direct and indirect employment opportunities to 500 people with this new plant

PepsiCo to invest Rs 778 cr in Assam to open first food manufacturing plant

Leading beverage & food maker PepsiCo on Wednesday said it will invest Rs 778 crore to set up its first food manufacturing plant at Nalbari, in Assam. Spread over 44.2 acres, the plant is proposed to be operational in 2025 and aims to provide direct and indirect employment opportunities to 500 people from Assam, said a statement from PepsiCo. This is the first investment in the North Eastern region by the company with portfolio of beverages and food brands, including Pepsi, 7UP, Mountain Dew, Slice, Tropicana, Mirinda, Lay's, Kurkure, Uncle Chips and Quaker Oats. PepsiCo India has signed a tripartite MoU with Assam Skill Development Mission and Directorate of Employment & Craftsman training for fostering women empowerment and creating a safe and supportive work environment to enhance women employability in the region. "The plant targets to intake 100 per cent diverse talent and aiming atleast 75 per cent women representation and intends to set up its first Community Learning ..

Ind-Swift Laboratories to sell API, CRAMS biz to IndiaRF for Rs 1,650 cr

Drug firm Ind-Swift Laboratories on Wednesday said its board has approved to sell active pharmaceutical ingredients and contract research and manufacturing services (CRAMS) businesses to India Resurgence Fund for Rs 1,650 crore. Chandigarh-based Ind-Swift has two manufacturing sites -- in Punjab and Jammu, and a combined reactor capacity of 700 KL of active pharmaceutical ingredients (API) catering to both regulated and unregulated markets. The company's API business has a strong presence across the US, Japan, Korea, the European Union, Brazil and India. India Resurgence Fund (IndiaRF), a leading India-focused investment platform promoted by Piramal Enterprises and Bain Capital, will acquire the business for a consideration of Rs 1,650 crore, the drug firm said in a statement. "...IndiaRF, which has a pedigree and track record in transforming businesses across varied sectors, will support and invest in the growth of the business," Ind-Swift Chairman and Managing Director N R Munjal

Centre for second PLI scheme for processing millet-based foods: Official

The Centre is in the process of announcing a second round of production linked incentive (PLI) scheme for processing of millet-based foods in the country, secretary in the Ministry of Food Processing Industries, Anita Praveen said on Tuesday. She said that the scheme is in the approval stages and involves an outlay of Rs 1,000 crore. Speaking to reporters on the sidelines of an ICC event here, Praveen said that in the first round of the PLI scheme which started last financial year, the quantum of assistance involved was Rs 800 crore. "The ministry had got applications from 30 units in the first phase and the scheme was fully subscribed. Now we plan to provide another round of PLI scheme involving an amount of Rs 1,000 crore and is in the approval stages", the food processing industries, secretary said. Praveen said "the food processing industry had got an approval of Rs 10,900 crore from the government for granting assistance to food processing units, out of which Rs 800 crore had

Maritronics India to manufacture specialised equipment for defence sector

Marine equipment and spare parts supplier Maritronics India on Monday announced its foray into specialised equipment manufacturing for the defence sector. The company, in a statement, said it is in the process of setting up its own manufacturing facility in Chennai, which is expected to start production in the next one year. This is a significant step towards reducing dependency on imports in the defence sector, which often get impacted owing to geopolitical uncertainties, it said. To strengthen its manufacturing capabilities, the company has signed an initial pact with Goa Shipyard Ltd (GSL) to jointly develop and market navigation, communication, and automation equipment for marine vessels for the domestic defence market. "We are confident that the integrated communication and navigation systems developed by us will become a significant asset for the Indian Navy and the Coast Guard," Maritronics India Pvt Ltd Director Venkatesan N said. The systems are expected to be manufacture

Toy industry can learn from expertise of G20 members to boost manufacturing

Expertise of G20 member countries such as the US and China can help the Indian toy industry boost domestic manufacturing capabilities and exports, according to the sector experts. Toy Association of India (TAI) Chairman Manu Gupta said the G20 presidency with India provides an opportunity to showcase India as an attractive investment destination. In G20 we have both, the biggest producers and consumers of toys in the world. From the US, India can learn about improving per capita consumption of toys as they are excellent learning tools for kids, Gupta said. He added that the US has a strong toy market, and studying their strategies and approaches can help India increase toy consumption among its population. On the other hand, Gupta said China is known as the world's toy factory, and India can certainly leverage its existing strengths, such as its workforce and technological abilities, to enhance the toy manufacturing capabilities. Learning from China's expertise in mass production,

Apple tests using 3D printers to make devices in major manufacturing shift

The new approach has the potential to streamline Apple's supply chain and kick off a broader shift

Apple tests using 3D printers to make devices in major manufacturing shift

The new technique uses a type of 3D printing called binder jetting to create the device's general outline at close to its actual size, or what is known in manufacturing as the "near net shape"

3M agrees to pay $6 bn to settle earplug lawsuits from US service members

Chemical and consumer product manufacturer 3M has agreed to pay USD 6 billion to settle numerous lawsuits from US service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company. The settlement, consisting of USD 5 billion in cash and USD 1 billion in 3M stock, will be made in payments that will run through 2029. The agreement announced by the Minnesota company on Tuesday marks a resolution to one of the largest mass torts in US history. Hundreds of thousands of veterans and current service members have reportedly sued 3M and Aearo Technologies, a company that 3M acquired in 2008, over their Combat Arms Earplug products. The service members alleged that a defective design allowed the products which were intended to protect ears from close range firearms and other loud noises to loosen slightly and allow hearing damage, according to Aylstock, Witkin, Kreis, & Overholtz PLLC, one of the law firms representing ...

Opportunity to increase share of global manufacturing in India: FedEx CEO

A significant opportunity exists to strengthen global manufacturing in India, according to President and CEO of global transportation giant FedEx Raj Subramaniam. Addressing a session at the B20 Summit organised by CII, Subramaniam on Friday said about the opportunity for India to reduce non-tariff barriers, and make it streamlined and easy so that the goods can flow across borders as smoothly as possible. "India represents about 2.8 per cent of global manufacturing. Who here will doubt that we can double that, triple that, what is the limit," he said, adding, "There is a significant opportunity to increase the percentage of global manufacturing in India and I think this is a moment of opportunity here". The FedEx CEO observed that there lies "a significant opportunity while we double or triple manufacturing there is an opportunity to reduce the cost of logistics as a percentage of GDP in India, maybe even halve it". He praised the PM Gati Shakti - a National Master plan for ...

K.V. Karthik of Tamil Nadu's Deccan Industries Elected President of Indian Pump Manufacturers Association

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USFDA grants VAI classification to Torrent's Gujarat manufacturing site

The US health regulator has granted Voluntary Action Indicated classification to Torrent Pharmaceutical's manufacturing site in Dahej, Gujarat. A VAI classification means objectionable conditions or practices were found but the agency is not prepared to take or recommend any administrative or regulatory action. As per the information available on its website, the United States Food and Drug Administration (USFDA) has granted Voluntary Action Indicated (VAI) classification to the plant. The Dahej site was earlier placed under 'Official Action Indicated (OAI)' classification based on a March 2019 inspection outcome. OAI means "objectionable conditions were found and regulatory administrative sanctions by FDA are indicated" during inspections. The Dahej site was re-inspected by the USFDA between May 17 and May 25, 2023 and the officials had issued Form 483 with two observations. Form 483 is issued to a firm's management at the conclusion of an inspection when the investigator has ..

Honeywell sets up airfield ground lighting manufacturing facility in India

Honeywell on Wednesday said it has set up an Airfield Ground Lighting (AGL) manufacturing facility in Gurugram, Haryana. "AGL is a Make in India product engineered and manufactured completely in India. AGL plays a crucial role in airport operations and is subject to comprehensive safety and compliance regulations by global aviation standards and regulatory bodies," it said in a release. According to the company, AGL solution represents the entire set of ground-installed luminaires and related ancillaries that help an aircraft land and find their way to the stand, helping enable uptime even in adverse weather conditions. "As Honeywell, we are delighted to step up the manufacturing line for advanced airfield ground lighting system which is completely designed, developed and manufactured in India. These highly advanced solutions are key to meet the airports need for balance in compliance, safety, and environmental standards. "The new Honeywell LED lighting solution for runways and ..

TN CM lays foundation stone for Rs 4,276 cr 400 MLD desalination plant

Tamil Nadu Chief Minister M K Stalin laid the foundation stone here on Monday for a 400 Million Litres Per Day (MLD) desalination plant, set to be the biggest in south east Asia. The Rs 4,276.44 crore plant is to be set up with assistance from Japan International Cooperation Agency (JICA). To cater to the growing need for drinking water, steps have been taken by the state government to set up a 400 MLD plant at Perur on East Coast Road in Chengalpattu district, an official release said, adding, "This plant will be the biggest in Southeast Asia. Work to establish the plant will be completed before December 2026." The desalination plant will use technologically advanced water treatment systems such as dissolved air flotation and dual media filtration. The proposed new plant would benefit 22.67 lakh people living in localities under the Greater Chennai and Tambaram municipal corporations, apart from 20 village panchayats near Chennai city. The government also reported on the status o

China's Honor stages India return with local mfg plans in early 2024

Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget and less prudent portfolio management