Page 31 - Manufacturing

PLI schemes boosting jobs and manufacturing in white goods sector

Make no mistake, PLI schemes under Make in India mission for the sector is thriving is making a deep impact on the white goods sector in India

India plans to widen range of steel grades in manufacturing incentive plan

India has already approved an investment of about 6,300 cr rupees ($770 million) over five years to make high-grade specialty steel

Parry Enterprises, Memsift to set up membrane manufacturing facility

Parry Enterprises India Ltd, part of the diversified conglomerate Murugappa Group on Wednesday announced that it has inked a strategic partnership with Singapore-based Memsift Innovations, a provider of cutting-edge membrane technology solutions. The collaboration aims to revolutionise the manufacturing of membranes and the water industry as a whole -- by leveraging the expertise of Memsift Innovations and extensive resources and market presence of Parry Enterprises India Ltd. A state-of-the-art membrane manufacturing facility with a capacity to produce 1.2 million sq metres of high-quality membranes per year would be set up by the two entities. According to a statement, Parry Enterprises did not reveal the investment figures for setting up the manufacturing unit nor the location that has been identified to set up the facility. The facility once operational would cater to the growing demand for Memsift Technologies to serve various industries including chemical, pump and paper, ...

Novo Nordisk to double India manufacturing, bring new drugs by 2025

Plans to bring new drugs by 2025 into the country, which is part of all its global clinical trials

Digital transformation high on manufacturing sector's agenda: PwC India

54% of the companies have implemented artificial intelligence and analytics for business functions

Google scouts for suppliers to move some Pixel production to India

PM Modi has been pitching India as an alternative manufacturing hub, as more companies are becoming wary of the risks of depending on China after its harsh Covid lockdowns

Steering sustainable trade

India needs to push manufacturing exports

We must be a product nation, make our own chips: HCL's Ajai Chowdhry

Countries want to invest in semiconductors. It's very tough to get investments. But in 40 nanometers and above, I believe we still have chance, said Ajai Chowdhry, co-founder of HCLTech

In a first, Centre to review PLI scheme to sort out teething issues

Interactions with line ministries lined up to seek feedback

Rs 25,938-cr Auto PLI scheme: Centre considers paying incentive quarterly

Incentives for FY23 yet to be disbursed as OEMs yet to furnish requisite documents, say officials

India's May fuel consumption scales record high on robust manufacturing

India's delayed monsoons also supported diesel consumption by translating into better construction activity overall, Katona said

Andhra govt to handhold MSMEs from manufacturing to marketing: CM Reddy

He also asked them to formulate an action plan to provide a separate wing for MSMEs in the Industries Department at the Secretary level and extend the required technology

Shadows on sweet spot: Manufacturing grew the least among sectors in FY23

Some might conclude that manufacturing cannot be a leading sector without subsidies on inputs and cash pay-outs given for agri. But will such a manufacturing sector be viable, wonders T N Ninan

Govt to start project to become electronics repair hub, relax trade rules

Following a push by an industry group for IT and electronics manufacturers, MAIT, the Indian government will test changes to lower the time required for necessary approvals for imports and exports

PG Electroplast forms joint venture with Jaina Group to manufacture LED TV

PG Electroplast Ltd, a contract manufacturer in the consumer electronics and appliances space, would set up a joint venture (JV) which will initially undertake ODM manufacturing of Google-certified LED televisions. The JV will have an option later to expand the partnership to include products like refrigerators, IT hardware, wearables, and hearables, said a joint statement on Monday. "Post the execution of mutually acceptable agreements by the parties, the JV Company will be 50 per cent owned by PG Electroplast & 50 per cent owned by Jaina Group," it said. Jaina Group owns and operates four brands of Karbonn, Gionee, Sansui, and Sens, and it is among three Google ODM licensees. Commenting on the development Jaina Group Founder and Managing Director Pardeep Jain said: "This partnership will strengthen India's electronics manufacturing industry & contribute towards the goal of an Atmanirbhar Bharat. With PGEL's manufacturing pedigree & our deep experience in consumer ...

Xiaomi partners Optiemus to manufacture audio products in Noida

Xiaomi India on Monday announced a partnership with Optiemus Electronics Limited (OEL) to manufacture its audio products in the country

DGCI asks labs to priortise mandatory testing of cough syrup before exports

With India making testing of cough syrups before export mandatory from June 1, the Drugs Controller General of India (DCGI) has asked specified state laboratories to examine such samples from manufacturers on "top priority and issue the test report at the earliest". Cough syrup exporters will have to produce a certificate of analysis issued by a government laboratory before the product is exported, effective June 1, the Directorate General of Foreign Trade (DGFT) said in a notification on Monday. The move came amid instances of quality concerns being raised abroad on cough syrups exported by Indian firms. "The export of cough syrup shall be permitted to be exported subject to export samples being tested and production of a certificate of analysis issued by any of the laboratories..., with effect from June 1, 2023," the notification stated. On Wednesday, the country's top drug regulator, DCGI, wrote to state drug controllers of Gujarat, Karnataka, Kerala, Madhya Pradesh, Maharashtr

Dynamic Cables Q4 profit up 18% to Rs 10 cr, income grows to Rs 179.60 cr

Dynamic Cables on Tuesday said its consolidated net profit climbed a 17.92 per cent to around Rs 10 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 8.48 crore in the January-March quarter of FY22, the company said in a regulatory filing. The company's total income rose to Rs 179.60 crore, from Rs 173.28 crore in the fourth quarter a year-ago. The expenses of the company stood at Rs 166.54 crore, as against Rs 161.90 crore a year ago. The company's board of directors has approved a final dividend of Rs 0.50 per share of Rs 10 each for FY23, according to a statement. In a separate statement, the company said, "its sales were at Rs 178.5 crore for Q4 FY23 and Rs 668.6 crore for FY23. During Q4, the EBITDA margin was 10.6 per cent as compared to 9.3 per cent in the previous quarter (October-December 2022)." "We have concluded the financial year 2023 on a positive note. Achieving this growth despite a high base and volatile commodit

Medico Remedies Limited to foray into ointment manufacturing segment

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Consumer durables in IIP down 4% in FY23 compared to pre-covid FY20

Segment falls 12% in FY23 over that in FY19 due to muted demand