Page 6 - Manufacturing

Datanomics: Half the manufacturing segments still far from pre-Covid level

Wood and its products recorded a higher production level by 3.7 per cent in the first two months of FY 26 over the corresponding period of 2011-12 but it was below the 2019-20 level

Standards & QCOs: A strategic lever for Viksit Bharat manufacturing agenda

India's strategic use of QCOs reflects a shift from being a passive consumer market to an assertive, quality-focused manufacturing economy

SKF India plans to invest up to ₹1,460 cr by 2030 to boost manufacturing

Bearings maker SKF India plans to invest up to Rs 1,460 crore by 2030 to enhance its manufacturing capabilities across key facilities in both industrial and automotive segments, according to an investor presentation by the company. The company has lined up capital expenditure of about Rs 1,210 crore to Rs 1,460 crore by 2030, to increase manufacturing capacities at its facilities in Haridwar, Pune, and Bangalore. Under the plan, SKF India is looking to invest a total of Rs 800 crore to Rs 950 crore towards its industrial business over the next five years, on channel expansion to meet the growing demand in India and construction of a new plant in Pune by 2028, as per the presentation. The investment on channel expansion will be around Rs 350 crore to Rs 450 crore between 2025 to 2030, while on the new plant it will be around Rs 450 crore to Rs 500 crore. For its automotive business, SKF India said it has lined up Rs 410 crore to Rs 510 crore by 2030, which will include capacity ...

India poised to emerge as global manufacturing powerhouse: M&M Group CEO

India stands uniquely poised to emerge as a global manufacturing powerhouse amid the challenging geopolitical environment, according to Mahindra & Mahindra Group CEO and Managing Director Anish Shah. Addressing shareholders in the group's Annual Report for 2024-25, Shah noted that with its growing infrastructure, young workforce, and favourable policies, India's opportunity to lead the world in manufacturing has never been greater. "The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely poised to emerge as a global manufacturing powerhouse," Shah stated. Mumbai-headquartered Mahindra group aspires to be a globally recognised brand and has made significant strides, he noted. "At 80 years, Mahindra remains deeply anchored in its values and steadfast in its commitment to performance, even amid global uncertainty. Our growth is propelled by the India story ... we operate in 70 per cent of the country's ...

Startup Fabheads raises $10 mn to automate composite manufacturing

Accel leads Series A as Fabheads aims to modernise carbon fibre production; eyes aerospace and clean energy sectors

Apple's China supply chain remains strong despite focus on India, SE Asia

According to the report, key supply chain segments, such as printed circuit boards, printing and packaging, molded and mechanical components

Most AI tools 'hallucinate'; not meant for Indian MSMEs : Vexoo Labs

Most artificial intelligence systems suffer from the flaw of 'hallucination' and are not meant for India's small enterprises in manufacturing sector, deep-tech company Vexoo Labs has said and claimed its AI solutions are for the "real world". "The focus on factual accuracy is both rare and crucial," said Ajay Kumar, Senior Business Leader, AI Evangelist and a Board Advisor at Vexoo Labs. He said most AI tools today are built for showcase, not for reliability. In the industrial alleys of Rajkot, the looms of Tiruppur, and the machining units of Coimbatore, India's small and mid-sized manufacturers are facing a silent crisis, he noted. "It's not rising input costs or labour shortages alone - it's the growing complexity of data, and the absence of any reliable AI system to help make sense of it," Kumar told PTI on the sidelines of Super AI, a mega exhibition and conference held June 18-19. According to Kumar, despite the global boom in artificial intelligence, "most systems on the .

UP's targeted intervention for MSMEs could boost industrial output, jobs

MSMEs contribute almost 60 per cent to UP's industrial output and account for 46 per cent of its exports. Such units in the state contribute around 14 per cent to India's MSME count

FTA with India brings genuine' competitive advantage, UK Parliament told

The Free Trade Agreement (FTA) negotiations concluded with India places the UK at a genuine competitive advantage in the manufacturing sector, the House of Commons was told this week. During a debate on the bilateral FTA agreed last month, UK Business and Trade Secretary Jonathan Reynolds fielded a series of questions on the advantages of the deal which has been pegged to increase bilateral trade by GBP 25.5 billion annually in the long term. Reynolds reiterated that the pact marked a huge economic win for the UK as the best deal that India has ever offered. On advanced manufacturing a set of advantageous positions has been agreed, putting this country at a genuine competitive advantage, particularly in relation to sectors such as automotive and machinery, said Reynolds, in response to a question by British Sikh Labour MP for Smethwick, West Midlands, Gurinder Singh Josan. India is traditionally a very protectionist economy, and it is the world's fastest growing big economy. Whethe

Garuda Aerospace opens agri-drone indigenisation unit near Chennai

Drone manufacturer Garuda Aerospace has established an Agri-Drone Indigenisation facility near the city to design and manufacture advanced Unmanned Aerial Systems among many others, a top official said on Friday. The facility, a first-of-its-kind initiative, augments Garuda Aerospace's existing manufacturing unit located near Chennai and a major leap in advancing drone manufacturing. The products that would be produced at the facility include 7 subsystems (of Unmanned Aerial Systems), 33 parts among others. The production would be covered under the Centre's ambitious 'Atmanirbhar Bharat' campaign. Spread across 35,000 sq ft at Thalambur, near the city, the state-of-the-art facility was inaugurated by Union Minister of State for Rural Development Kamlesh Paswan on Thursday. Garuda Aerospace also launched 300 Centres of Excellence, established in association with various educational institutions and industry partners across the country. It would advance drone innovation, research and

Ikea plans to enhance sourcing from India to 50%: Swedish minister

Global home decor and furniture retailer IKEA has ambitions to increase sourcing from India to 50 per cent, Swedish trade minister Benjamin Dousa said on Wednesday. IKEA's sourcing basket includes textiles, plastics, and metals, among others, and the company plans to add more items. Swedish Minister for International Development Cooperation and Foreign Trade Benjamin Dousa said that India is aiming to increase the share of manufacturing in the country's GDP and Sweden is a partner in this endeavour. "One example is IKEA that has communicated to their ambition to amplify sourcing locally from India to 50 per cent for its global operations from the current 30 per cent," he said here while addressing businesses of India and Sweden. Presently, Europe is IKEA's biggest supplier, followed by America and Asia, in which China leads. IKEA has been sourcing from India for the last five decades, though it started its retail operation in India in 2018 by opening its first store in Hyderabad,

Maruti Suzuki cuts near-term EV production amid rare earths crisis

India's top carmaker, which said on Monday it had not seen any impact yet from the supply crisis, now plans to make about 8,200 e-Vitaras between April and September

Special zones: SEZ policy demands all-round reform, not frequent changes

In theory, the SEZ environment would be ideal for the requirements of semiconductor manufacture, which requires stable power, clean water, and access to a skilled workforce

Beating China's mineral dominance requires more than removing bottlenecks

The challenge is not a small one, for it will affect almost every part of the economy - manufacturing, services, and even agriculture

Quantum Energy expands manufacturing plant in Hyderabad to meet EV demand

Quantum Energy Expands Manufacturing Facility in Hyderabad to Meet Surging EV Demand

UP govt to invest ₹125 cr in flatted factory project to support MSMEs

Uttar Pradesh plans a ₹125 crore investment in a multi-storey flatted factory in Greater Noida to promote MSMEs and boost regional economic activity and employment

Consumer's right to repair is central to ownership and product care

Extending the lifespan of products serves the purpose of environmental sustainability as well

BEL bags ₹537 crore in fresh defence orders for ship systems and upgrades

The fresh orders include shipborne communication systems, jammers, software, simulator upgrades, test rigs and spares, in addition to contracts signed earlier this quarter

Nothing off the table: ATR open to India manufacturing facility

In March, Airbus announced plans to significantly increase its sourcing of components and services from India, targeting $2 billion annually by 2030

India likely to possess 46K graphics processing units in a fortnight

Results for the second round of GPU bidding were announced on Friday by Union Minister for Electronics and Information Technology Ashwini Vaishnaw