Page 46 - Manufacturing

Will meet its need for containers from domestic manufacturers: Concor

The Container Corporation of India on Friday said it will meet its annual need for around 8,000 containers from domestic manufacturers and no longer depend on China for its requirement. Commerce and Industry Minister Piyush Goyal on Friday called on the industry to "seriously explore" the possibility of containers being manufactured in India "given its chronic shortage for exports". The Container Corporation of India (Concor), which spends about Rs 200 crore annually on procurement of containers, has already given a developmental order for 1,000 containers each to public sector undertakings Bharat Heavy Electricals (BHEL) and Braithwaite & Co. Concor will soon issue tenders for the remaining 6,000 containers wherein only domestic firms will be able to participate under certain government rules. "As of now, all containers are imported because there is no manufacturing capability in India. We want to push India as a manufacturing hub for containers. "Our requirement is 8,000 ...

Manufacturing to get $520-billion PLI push in next 5 years: PM Modi

Says govt aims to do away with more than 6,000 compliance requirements

Govt mulls launching PLI scheme for chemical sector to boost manufacturing

The government is considering launching a production linked incentive (PLI) scheme in the chemical sector to boost domestic manufacturing and exports. Addressing a webinar on 'Implementation Strategy of Budget Announcement 2021-22', Chemicals and Fertilisers Minister D V Sadananda Gowda on Friday said the government is working on a consultative approach in forming the policies for India's chemicals and petrochemicals sector. The webinar was organised by the Department of Chemicals & Petrochemicals and FICCI. "Implementations of the Budget announcements cannot be done only by the government. "We should take our industry in confidence so that implementations can start from first week of April. The challenge for the government is to now match the suggestions of the industry with the implementation part, he was quoted as saying in a FICCI statement. Gowda said the Budget has provided a boost to the Indian pharmaceutical sector. The big push for the pharma sector is being seen as an .

PLI scheme to boost India's manufacturing output by $520 bn in 5 yrs: PM

Modi on Friday said PLI scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years

Atmanirbhar and PLI: Why the industry is sceptical of ambitious targets

The scheme to boost manufacturing in India has set ambitious targets that industry says are unachievable. A look at the programmes announced so far explains why

Best of BS Opinion: Wasted spectrum, Business before Atmanirbhar & more

Here's a selection of Business Standard opinion pieces for the day

Success beyond software and services

India dominates the world market in motorcycles. What will it take to replicate this success in other industries?

India Feb manufacturing sees new orders expand sharply: IHS Markit

The Covid-19 pandemic restricted international demand for Indian goods. In response to another robust increase in total new orders, production was raised again in February

There's no such thing as self-reliance

For sustained growth India needs to use foreign capital and foreign know-how to produce goods that it sells in foreign markets. What's self-reliant in that?

Road to recovery

Hopeful signs in data, but medium-term outlook uncertain

Govt examining quality, competitiveness required by toy industry: Official

The government wants Indian toys to achieve both quality and competitiveness and is exploring what kind of incentives are required by the toy industry, a top official said on Sunday.

Xiaomi expands smartphone, TV capacity in India with 3 new plants

Seeks to ramp up manufacturing to meet surging demand, avoid supply crunch as seen last year

Domestic can manufacturers face quality restrictions amid pandemic woes

With govt looking to impose quality control orders on imported can components, manufacturers may have to shut shop as costs will hit the roof amid supply shortage

Joe Biden to press for funds to boost chip manufacturing amid shortfall

Biden also signed an executive order on Wednesday aimed at addressing the global semiconductor chip shortage that has alarmed the White House and members of Congress, administration officials said

Air conditioners manufacturers commit to export target of 50% of sales

As part of the announcement, the Centre has earmarked over Rs 1.46 trillion for 10 sectors under the scheme.

INOX Air announces greenfield investment in industrial gases sector

Investment in line with Budget 2021's vision of accelerating growth in core sectors of manufacturing, infrastructure and healthcare

Top gear makers may warm up to Centre's PLI scheme for telecom sector

Under the PLI scheme, companies will enjoy a 4-6 per cent incentive annually across five years on their production value in India, provided they make incremental investments

Govt approves over Rs 12000 cr manufacturing push for telecom equipment

The move is intended to position the nation as a global powerhouse for production of such equipment ahead of 5G roll-outs

TV makers jump on PLI bandwagon as more AC companies evince interest

Apart from offering inducement to any incremental production over the next five years, the scheme has the potential to transform the manufacturing landscape in the country

Govt has formed public-private panel to help promote localisation: Goyal

The government has constituted a committee comprising members from public and private sectors to look into issues like promoting localisation, said commerce minister Piyush Goyal