Page 47 - Manufacturing

Global chip shortage: When will India have its own semiconductor plant?

The country needs to focus on creating a semiconductor ecosystem of its own, to avoid being crippled by shortages

Hero Electric Vehicles to invest Rs 700 crore in business expansion by 2025

Hero Electric Vehicles will invest Rs 700 crore by 2025 to rev up its business expansion, including setting up of a new manufacturing unit, for which it has raised Rs 220 crore to part-fund the activities, according to a top company official. The company is planning to set up a new manufacturing facility with an annual capacity of 10 lakh units besides increasing production at its current plant at Ludhiana to 3 lakh units per annum from 75,000 units at present, as it targets to sell around 10 lakh units a year by 2025-26. Moreover, it is also ramping up research and development (R&D), marketing, dealer network expansion, along with expanding its supply chain, service network and charging stations in order to cash in on the 'explosive growth' in demand for its electric two-wheelers. "What we're doing now is expanding our capacity from 75,000 units to about 3 lakh units. While we are building this up, we're also planning on the next facility which is going to be about a million ...

Covid impact: 100 units close down at Chennai's Ambattur Industrial Estate

Dwindling orders, job cuts hit South Asia's largest SME cluster

Manufacturing trouble: Covid robs Moradabad's Brass City of its polish

SMEs struggling, recovery slow; rise in key raw material cost hurting exporters

Govt may make Bureau of Indian Standards must for public procurement

The development comes in the backdrop of the government's focus on increasing manufacturing and production of goods in the country

Rated firms' credit quality improves in Q1, along with biz sentiment: CARE

Manufacturing, Infra firms see uplift; NBFCs face hit

Luman Group Inks Joint Venture with Finnish Filter Manufacturer M Filter

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Playing field: India's toy story needs govt strongly backing the game

80% toys still imported, mostly from China; local industry suffers from lack of scale and innovation

Mapping recovery

India needs a new medium-term economic road map

The stock market as mirror: The changes that they reveal, and don't reveal

While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, notes T N Ninan

Centre approves 14 eligible applicants under PLI scheme for IT hardware

The target segments under the PLI Scheme for IT Hardware include laptops, tablets, all-in-one personal computers and servers

Manufacturing PMI contracts 48.1 in June, despite states easing curbs

Number is below the critical no-change mark of 50 for the first time since July 2020.

Taiwanese giant Wistron exceeds PLI investment obligation in just 8 months

Apple manufacturer invests Rs 1,255 crore in India factory

Inadequate planning

PLI schemes are being spread across too many sectors

Compliance and control

New e-commerce rules expand govt role in the business

China's largest manufacturing hub Guangdong facing electricity shortages

Guangdong, China's main manufacturing hub, has been left in the throes of an electricity shortage following scarce rain and rising coal prices, casting uncertainty over 10% of its economic output

30 years after 1991: What we achieved as an economy, and what was possible

India's record has been good, relative to how other countries have done and compared also to its own previous three decades, but well short of what is required and what was possible, writes T N Ninan

Opportunities galore in the east

A deeper integration with east Asian economies could be integral to India's economic recovery in the pandemic

China's economic data disappoints in May as consumer spending lags

Retail sales increased 12.4% versus an estimate of 14%

Kirloskar Brothers sets up new manufacturing division for tech products

Leading pump manufacturing company Kirloskar Brothers Limited (KBL) has set up a new manufacturing division in Maharashtra for high-end technology products, primarily used for nuclear applications.