Royal Enfield said it has decided to shut down its two manufacturing facilities between May 13-16 in order to safeguard its employees amid the second wave of coronavirus pandemic in the country
All sectors will depend on high levels of connectivity, from education to manufacturing to financial management. With every action being digitised, the potential for cyber threats grows
The ecosystem for digital manufacturing in India is visible, said the Gateway House research study. It isn't as deep as it is in the West or China but is developing breadth and depth
The government hopes to learn from two failed attempts in 2007 and 2013 to attract fab manufacturers to India but it's up against some stiff challenges
Businesses across sectors feel the heat
If it succeeds, India will get its first such facility
UK-based global conglomerate SRAM & MRAM Group on Thursday said it will invest Rs 100 crore in manufacturing the PPE products under its flagship brand'Walletz4u' in India. The company is set to produce premiumNitrile Examination Glovesthat are currently being produced from its factories in Malaysia, Thailand and Vietnam, saidSRAM & MRAM Group in a statement. "With the series of investments and manufacturing units in place, the company is gearing up to become the leading OEM (original equipment manufacturer) of medical and industrial grade gloves in East Asia," it added. SRAM & MRAM Group ChairmanSailesh Lachu Hiranandanisaid the company hasgeared itself up to tackle the PPE shortage by acquiring and leasing a lot of production lines to meet the ever-increasing demand, especially gloves of all types for all industry verticals. "With the launch of 'Walletz4u', the conglomerate has joined the leading players for selling their branded premium gloves across the globe," he
While incentives worth Rs 6,238 crore would be provided over five years for manufacturing of white goods in India, the outlay for solar PV modules is Rs 4,500 crore
Lack of incentive for incremental assembly may delay investments
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The bigger idea is to cut logistics cost, travel time and enhance competitiveness of domestic manufacturing
A car was taken to the workshop several times, yet its problems persisted. So, Maruti needed to establish why the problems couldn't be rectified
Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction among global as well as Indian manufacturers
Tata Sons chairman N Chandrasekaran, Bharat Forge Chairman Baba Kalyani, Mahindra Group managing director and CEO Pawan Goenka, among others, will be part of the committee
FICCI's latest quarterly survey on manufacturing assessed recovery of the sector for Q-3 (October-December 2020-21)
MeitY draws up list of potential players
Online data will be available to govt, industry; will help domestic producers analyse market potential for goods
The move is expected to facilitate investments and promote manufacturing in technology intensive sectors including semiconductors
According to experts, the technology is held by a select few companies in China, South Korea, Taiwan, and Japan
PLI scheme that seeks to push domestic manufacturing in as many as 14 sectors has the potential to generate additional revenue worth Rs 35-40 lakh crore over the next five years, a report said.