Page 37 - Manufacturing

Services PMI picks up marginally in Feb after falling for 3 straight months

Data released by the data analytics firm IHS Markit released on Friday showed purchasing managers' index (PMI) for services for February rose to 51.8 from 51.5 in the preceding month.

Economic growth slows to 5.4% in Dec qtr; manufacturing, construction hit

Full-year forecast revised lower to 8.9%

Profits of insurers, manufacturing firms cannot be compared, says LIC chief

LIC Chairman M R Kumar on Monday said profits of insurance companies cannot be compared with that of manufacturing companies as dynamics of the businesses are different.

Punjab polls 2022: Jalandhar's Football Chowk waits to score a goal again

Jalandhar is well-known for manufacturing sports equipment

Distribution gains to bolster volume growth for Varun Beverages

The impact of rising raw material prices is a near term concern

India's Dec factory output growth at 10-mth low of 0.4% on Covid disruption

Manufacturing output contracted 0.1% while mining and electricity grew at 2.6% and 2.8%, respectively

Modern police force must for India to become manufacturing hub: NITI CEO

Niti Aayog CEO Amitabh Kant on Thursday said the government's goal of making India a manufacturing hub cannot be realised without a modern and forward-looking force.

Govt wants private companies to set up new manufacturing units fast

The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024

Kennametal India second quarter net jumps over 85% to Rs 30.6 cr

The company had a net profit of Rs 16.5 crore in the year-ago quarter, the Bengaluru-based company said in a regulatory filing on Thursday.

Budget 2022 proposals to push exports, manufacturing: Exporters

Steps announced in the Budget such as extension of the ECLGS scheme, a new law for special economic zones and setting up of 100 cargo terminals will help in boosting economic growth and exports

MEIL's Drillmec to set up $200 mn oil rig manufacturing hub in Telangana

Drillmec SpA, a subsidiary of the city-based Megha Engineering and Infrastructures Limited group, will be setting up its global manufacturing hub in Telangana with an investment outlay of $200 min

AGI glaspac opens Rs 400 crore manufacturing unit in Telangana

AGI glaspac, which is among the largest container glass bottle manufacturers, has commissioned its specialty glass manufacturing unit at Bhongir in Telangana at an investment of Rs 400 crore

Electronics production in India to reach $300 bn by 2026: Report

Electronics production in the country is expected to reach USD 300 billion by 2026, industry body ICEA said in a report on Monday. The National Policy on Electronics (NPE) 2019 had set a target of achieving a turnover of USD 400 billion by 2025. However, the industry will be unable to achieve the target set by NPE 2019, due to the adverse impact of COVID-19 pandemic on the sector, the report said, adding that "the COVID-19 pandemic brought with it unforeseen and unprecedented challenges." "The NPE 2019 targets for electronics production in 2025-26 at USD 300 billion appears to be more realistic considering the disruption on account of COVID-19 in the past 18 months which has been aggravated with the new variants of the COVID-19 virus such as Omicron," the report said. The India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo while sharing the details of the report said that the reduced target still aims for a 400 per cent increase from the current level, which

MSMEs have manufacturing cost advantage in global value chain: Official

There is tremendous potential for Indian MSMEs to be integrated into the global value chain due to their manufacturing cost advantage, and to achieve high growth, MSME Secretary B.B. Swain said

Hike in import duties on components of mobile devices may nix PLI benefits

High component cost may push up mobile prices by 18%

Domestic auto components industry to see 15-17% revenue growth this fiscal

The industry may again see double-digit growth in FY23, given that the impact of the Omicron variant is limited

TSMC to invest record $44 billion on chip capacity expansion in 2022

For the October-December period, TSMC's net profit reached a record NT$166.23 billion

Asia's factory activity grows in Dec as firms take Omicron risks in stride

For now, the direct hit from Omicron on output appeared subdued, according to surveys released on Monday and Tuesday.

Sun Pharma to set up new manufacturing plant in Andhra Pradesh

Sun Pharma is the fourth largest specialty generic pharmaceutical company in the world

Indian electronics manufacturing sector to touch Rs 7 trn next fiscal

The government continues to make efforts to move up in the global electronics supply chain and is expected to come up with new policies and incentive schemes for wearables and IT hardware