Page 40 - Manufacturing

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

Omicron spread: Night curfews may affect services sector recovery

During the first wave of the pandemic in 2020, a contraction in the services sector was sharper than in manufacturing and took seven months to return to expansion territory.

Uttar Pradesh CM Adityanath proposes drone manufacturing unit in state

The chief minister proposed the drone manufacturing unit, given the importance of unmanned aircraft in various fields such as disaster relief, agriculture, and law and order, a spokesperson said

UP aiming to become semiconductor hub as India expects massive investment

The Yogi Adityanath government has promised to offer a slew of incentives and support to the companies and technology startups for setting up semiconductor units in the state

Green themes of 2022

Expect to see more local manufacturing announcements in 2022

Japan's Oct machinery orders rise for first time in 3 months: Govt data

World's third-largest economy is set to post a solid rebound this quarter after a larger-than-expected contraction in July-September.

Apple reportedly stopped assembly line for several days in October

Apple was forced to stop its assembly line for several days first time in more than 10 years due to supply chain limitations and China's ongoing power restriction in October.

Top headlines: Int'l flights not from Dec 15; Nov GST mop up at Rs 1.31 trn

Business Standard brings you the top stories on Wednesday

Factories facing supply headaches as Omicron variant risks emerge

Towards the end of the month, the newly-detected Omicron coronavirus variant emerged as a fresh worry for policymakers

Shakti Pumps makes foray into manufacturing of motors, chargers for EVs

Shakti Pumps India manufactures and supplies solar pumps and motorised pumps

VAV Life Sciences unit to reach 40% of global mRNA lipid capacity next yr

Firm expanding mRNA lipids capacity 10-fold, overall plant capacity by 6 times by June