Page 3 - Manufacturing

Intel cutting more jobs as CEO Tan tries to fix manufacturing missteps

The job cuts - a majority of which have been completed already - are part of an effort by Tan since he took the helm in March to turn around the storied U.S. chipmaker

Can mobile PLI scheme's winning model be replicated across other sectors?

An agile government-private partnership has proved a win-win for the mobile PLI scheme

Bosch plans to double India exports by 2030 and beyond: Guruprasad Mudlapur

Guruprasad Mudlapur, president of the Bosch group in India and managing director (MD) of Bosch Ltd, talks about the company's strategy and challenges in India

Titagarh Rail acquires 40 acres of land for ₹126 cr in Bengal for expansion

Titagarh Rail Systems Ltd has acquired 40 acres of land in West Bengal for ₹126 crore to expand production capabilities for Vande Bharat and metro coaches.

Anthem Biosciences expands manufacturing capacity ahead of ₹3,395-cr IPO

CRDMO firm Anthem Biosciences expands peptide and API production, with Unit 4 under development, as it prepares for a Rs 3,395-crore IPO opening on July 14

Drone can boost India's manufacturing potential to $23 bn by 2030: Report

Buoyed by rising demand from sectors like defence, agriculture, logistics, and infrastructure, the drone industry is expected to boost the country's manufacturing potential to USD 23 billion by 2030, says a report. As drones emerge as a key component of modern warfare strategies, India's Operation Sindoor in the wake of the Pahalgam terror attack has marked a notable shift in the country's adoption of drones, the report by Nexgen said. The report, based on a survey of 150 companies from 15 cities, revealed that 40 per cent of drone companies believe that agriculture and precision farming are anticipated to drive the largest demand for drones in India by 2030, following the defence sector. Estimates suggest the global agricultural drones market size will reach USD 5.89 billion by 2030. In its endeavour to further support this momentum, Delhi is hosting the largest Drone International Expo 2025, scheduled for July 31 to August 1, 2025. Organised by Nexgen Exhibitions, the Drone ...

Borosil Renewables to wind up German unit, focus on Indian solar glass

Borosil Renewables has filed an application to wind up operations of German subsidiary to sharpen focus on Indian solar glass market with immense potential. In a regulatory filing, Borosil Renewables Ltd said its material step-down subsidiary in Germany, GMB Glasmanufaktur Brandenburg GmbH, has filed an application for the commencement of insolvency proceedings before the Insolvency Court at Cottbus, Germany, in accordance with the German Insolvency Code (InsO). This decision was reached after a comprehensive assessment of market conditions, financial viability, and long-term strategic priorities. "The challenges for GMB began with slide in demand for German made solar panels, when faced with the precipitous drop in prices by Chinese manufacturers of solar panels, who have engaged in large scale dumping in the European market, using predatory pricing. "Despite the alarms sounded by the German solar module manufacturers seeking protection against such dumping, policy responses to da

Electronics makers face fresh blow from import curb on gold compounds

India's electronics manufacturing sector, which has been struggling with China's restrictions on rare earth magnet exports, faces a double whammy with import curbs on gold compound -- a key raw material. Rare earth magnets have diverse utility ranging from computer chips and electronic components to electric vehicles, wind turbines, and medical equipment. Gold compounds are also widely used in critical electronic components to improve flow of electric current in motherboards, semiconductors etc. The Directorate General of Foreign Trade (DGFT) in an order dated June 17 reclassified imports of colloidal precious metals and compounds from "free" to "restricted" category. The development followed restrictions from China on export of rare earth magnets and specialized capital goods. India Cellular and Electronics Association (ICEA) in a letter to the Ministry of Electronics and IT said that the import restriction has brought in uncertainty in the efforts of industry to scale up domesti

Japan's Seiko Epson Corp launches first manufacturing facility in India

Epson India recorded a turnover of over ₹2,500 crore in FY25 and is projecting over ₹2,900 crore for the current fiscal

Datanomics: Half the manufacturing segments still far from pre-Covid level

Wood and its products recorded a higher production level by 3.7 per cent in the first two months of FY 26 over the corresponding period of 2011-12 but it was below the 2019-20 level

Standards & QCOs: A strategic lever for Viksit Bharat manufacturing agenda

India's strategic use of QCOs reflects a shift from being a passive consumer market to an assertive, quality-focused manufacturing economy

SKF India plans to invest up to ₹1,460 cr by 2030 to boost manufacturing

Bearings maker SKF India plans to invest up to Rs 1,460 crore by 2030 to enhance its manufacturing capabilities across key facilities in both industrial and automotive segments, according to an investor presentation by the company. The company has lined up capital expenditure of about Rs 1,210 crore to Rs 1,460 crore by 2030, to increase manufacturing capacities at its facilities in Haridwar, Pune, and Bangalore. Under the plan, SKF India is looking to invest a total of Rs 800 crore to Rs 950 crore towards its industrial business over the next five years, on channel expansion to meet the growing demand in India and construction of a new plant in Pune by 2028, as per the presentation. The investment on channel expansion will be around Rs 350 crore to Rs 450 crore between 2025 to 2030, while on the new plant it will be around Rs 450 crore to Rs 500 crore. For its automotive business, SKF India said it has lined up Rs 410 crore to Rs 510 crore by 2030, which will include capacity ...

India poised to emerge as global manufacturing powerhouse: M&M Group CEO

India stands uniquely poised to emerge as a global manufacturing powerhouse amid the challenging geopolitical environment, according to Mahindra & Mahindra Group CEO and Managing Director Anish Shah. Addressing shareholders in the group's Annual Report for 2024-25, Shah noted that with its growing infrastructure, young workforce, and favourable policies, India's opportunity to lead the world in manufacturing has never been greater. "The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely poised to emerge as a global manufacturing powerhouse," Shah stated. Mumbai-headquartered Mahindra group aspires to be a globally recognised brand and has made significant strides, he noted. "At 80 years, Mahindra remains deeply anchored in its values and steadfast in its commitment to performance, even amid global uncertainty. Our growth is propelled by the India story ... we operate in 70 per cent of the country's ...

Startup Fabheads raises $10 mn to automate composite manufacturing

Accel leads Series A as Fabheads aims to modernise carbon fibre production; eyes aerospace and clean energy sectors

Apple's China supply chain remains strong despite focus on India, SE Asia

According to the report, key supply chain segments, such as printed circuit boards, printing and packaging, molded and mechanical components

Most AI tools 'hallucinate'; not meant for Indian MSMEs : Vexoo Labs

Most artificial intelligence systems suffer from the flaw of 'hallucination' and are not meant for India's small enterprises in manufacturing sector, deep-tech company Vexoo Labs has said and claimed its AI solutions are for the "real world". "The focus on factual accuracy is both rare and crucial," said Ajay Kumar, Senior Business Leader, AI Evangelist and a Board Advisor at Vexoo Labs. He said most AI tools today are built for showcase, not for reliability. In the industrial alleys of Rajkot, the looms of Tiruppur, and the machining units of Coimbatore, India's small and mid-sized manufacturers are facing a silent crisis, he noted. "It's not rising input costs or labour shortages alone - it's the growing complexity of data, and the absence of any reliable AI system to help make sense of it," Kumar told PTI on the sidelines of Super AI, a mega exhibition and conference held June 18-19. According to Kumar, despite the global boom in artificial intelligence, "most systems on the .

UP's targeted intervention for MSMEs could boost industrial output, jobs

MSMEs contribute almost 60 per cent to UP's industrial output and account for 46 per cent of its exports. Such units in the state contribute around 14 per cent to India's MSME count

FTA with India brings genuine' competitive advantage, UK Parliament told

The Free Trade Agreement (FTA) negotiations concluded with India places the UK at a genuine competitive advantage in the manufacturing sector, the House of Commons was told this week. During a debate on the bilateral FTA agreed last month, UK Business and Trade Secretary Jonathan Reynolds fielded a series of questions on the advantages of the deal which has been pegged to increase bilateral trade by GBP 25.5 billion annually in the long term. Reynolds reiterated that the pact marked a huge economic win for the UK as the best deal that India has ever offered. On advanced manufacturing a set of advantageous positions has been agreed, putting this country at a genuine competitive advantage, particularly in relation to sectors such as automotive and machinery, said Reynolds, in response to a question by British Sikh Labour MP for Smethwick, West Midlands, Gurinder Singh Josan. India is traditionally a very protectionist economy, and it is the world's fastest growing big economy. Whethe

Garuda Aerospace opens agri-drone indigenisation unit near Chennai

Drone manufacturer Garuda Aerospace has established an Agri-Drone Indigenisation facility near the city to design and manufacture advanced Unmanned Aerial Systems among many others, a top official said on Friday. The facility, a first-of-its-kind initiative, augments Garuda Aerospace's existing manufacturing unit located near Chennai and a major leap in advancing drone manufacturing. The products that would be produced at the facility include 7 subsystems (of Unmanned Aerial Systems), 33 parts among others. The production would be covered under the Centre's ambitious 'Atmanirbhar Bharat' campaign. Spread across 35,000 sq ft at Thalambur, near the city, the state-of-the-art facility was inaugurated by Union Minister of State for Rural Development Kamlesh Paswan on Thursday. Garuda Aerospace also launched 300 Centres of Excellence, established in association with various educational institutions and industry partners across the country. It would advance drone innovation, research and

Ikea plans to enhance sourcing from India to 50%: Swedish minister

Global home decor and furniture retailer IKEA has ambitions to increase sourcing from India to 50 per cent, Swedish trade minister Benjamin Dousa said on Wednesday. IKEA's sourcing basket includes textiles, plastics, and metals, among others, and the company plans to add more items. Swedish Minister for International Development Cooperation and Foreign Trade Benjamin Dousa said that India is aiming to increase the share of manufacturing in the country's GDP and Sweden is a partner in this endeavour. "One example is IKEA that has communicated to their ambition to amplify sourcing locally from India to 50 per cent for its global operations from the current 30 per cent," he said here while addressing businesses of India and Sweden. Presently, Europe is IKEA's biggest supplier, followed by America and Asia, in which China leads. IKEA has been sourcing from India for the last five decades, though it started its retail operation in India in 2018 by opening its first store in Hyderabad,