Page 48 - Manufacturing

India to be global hub for manufacturing eSIMs with IDEMIA's help

French company plans to make Noida plant one of its largest production units

Application window for PLI scheme for white goods opens from Tuesday

The application window for the PLI scheme for white goods - ACs and LEDs - will be open for three months from Tuesday, the commerce ministry said on Monday. Commerce and Industry Minister Piyush Goyal on Monday held interaction with the industry on the Production Linked Incentive (PLI) scheme on white goods. "The interaction was held to take the feedback on the scheme, the application window for which will be open for three months from tomorrow," it said in a statement. Addressing the captains of the industry, Goyal said the scheme has been introduced to produce national manufacturing champions and it will bring cost-competitiveness, quality, efficiency and technology. The minister said that through PLI, India will leverage its competitive and comparative advantage to stake its claim in global supply chains. Goyal said that the selection of the companies eligible under the scheme will be done in a transparent and time-bound manner. PLI scheme for white goods was notified on April

US semiconductor maker Applied Materials in talks with Indian govt

Company could help with government's desire to have a semiconductor industry.

Balu Forge inks MoU with K'taka govt for Rs 200-cr manufacturing campus

Balu Forge Industries on Tuesday said it has signed a pact with the Karnataka government for setting up a new manufacturing campus at a project cost of Rs 200 crore in Belgaum

Best of BS Opinion: Course correction on vaccine, climate of treason & more

Here are the best of Business Standard's opinion pieces for Tuesday

Has India clinched the manufacturing deal?

The scheme to offer cash incentives for local manufacturing of solar equipment as well as batteries may require a few iterations to really click, or it may fly in the first round of bidding itself

Do not politicise GST Council: Finance Minister Nirmala Sitharaman

The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman

Cabinet secy-led panel wants PLI scheme revamp to boost manufacturing

Suggests institutional mechanism, regular hand-holding for firms

Contract mfg, exports add to revenue visibility for Sumitomo Chemical

Revenue growth, higher share of specialty products to improve margins going ahead

World runs out of everything as a manufacturing drill 'goes too far'

Just In Time manufacturing delivers supplies to factories right as they are required, minimising the need to stockpile them

Manufacturing PMI slips to 50.8 in May, marking steepest fall in 10 months

Job loss accelerated as Covid-19 'crisis intensifies' in sector, says private survey

HFCL to participate in PLI for telecom, networking products manufacturing

HFCL supplies telecom equipment and fibre optics to most of the current Indian operators.

Prioritising expenditure

Govt must focus on providing relief to the needy at this point

LG converting smartphone production lines to manufacture home appliances

LG Electronics is fast converting its overseas smartphone manufacturing lines into facilities to make home appliances following its decision to withdraw from the mobile business

Top Headlines: GDP shrinks by 7.3%, fiscal deficit drops below target

GDP shrinks by 7.3 percent in FY 2020-21, Carlyle Group to acquire a controlling stake of over 50 per cent in PNB Housing Finance. Top news this morning.

As Delhi unlocks, manufacturers and realtors face severe roadblocks

Shortage of labour, lack of supply of materials pose hurdles to resuming operations

How to open up?

To know where to go, we must know where we are; a nation-wide seroprevalence study may cost one-hundredth of the GDP it can help save

Suppliers may be fined 10% if they fail to meet local content needs

DPIIT is considering changes in the current procurement norms to further increase the minimum local content requirement in public procurement tenders

US Senate eyes R&D Bill to counter China and bolster manufacturing

What started as a pragmatic effort to boost scientific research and development has morphed into a sweeping Senate Bill aimed at making the US more competitive with China and other countries

China's industrial profits growth slows in April amid high commodity prices

Profits at China's industrial firms rose 57% year-on-year in April to 768.63 billion yuan ($120.22 billion), down from 92.3% in March, data from the National Bureau of Statistics (NBS) showed