Page 9 - Manufacturing

Govt tightens steel procurement rules to favour domestic manufacturing

The new rules under the "Domestically Manufactured Iron And Steel Products Policy 2025" mandates all agencies under government to prioritise locally manufactured iron and steel products

Apollo Tyres appoints Rajeev Kumar Sinha as Chief Manufacturing Officer

Apollo Tyres Ltd on Wednesday announced the appointment of Rajeev Kumar Sinha as its Chief Manufacturing Officer. Sinha will lead the global manufacturing team, driving the global manufacturing agenda, including strategy and planning, performance optimisation, plant management, integrated manufacturing services, corporate industrial engineering and deployment of advanced manufacturing systems, including AI/ML solutions, Apollo Tyres said in a statement. He joins Apollo Tyres from Cipla where he was the Global Chief Manufacturing Officer and was also a member of its Management Council and Non-Executive Director in select group companies, it added. "Rajeev is a global manufacturing leader who comes with over 35 years of rich experience in the operations and supply chain domain across diverse industries such as chemical, FMCG, foods & beverages and pharmaceuticals. "He will play a critical role not only in our growth journey but also in maintaining our competitive advantage. He joins

Godrej Enterprises aeropsace unit signs pact with 3D printing player EOS

The aerospace business of Godrej Enterprises Group on Tuesday announced signing an initial pact with industrial 3D-printing solutions provider EOS to develop an additive manufacturing (AM)-based manufacturing ecosystem focused on the Indian aviation and space industries. This collaboration represents a critical step in India's technological evolution, enabling the transformation of complex manufacturing processes and positioning the country as a global leader in aerospace innovation, the company said. With EOS possessing the largest AM global install-base in the space technology industry, the collaboration brings together a powerful combination of technological expertise and manufacturing capabilities, it said. Stating that the partnership aims to transform the aviation and space industry in India through AM-driven design and delivery of functionally enhanced products, the company said the two partners will build the technical capabilities and production capacities required to ...

JICA may soon sign pact to support India's semiconductor manufacturing push

Substantial JICA financing could support Tata's chip unit plans in Gujarat and Assam

Key infra sectors growth slows to 2.9% in February, shows govt data

On a monthly basis, the growth rate in the production of these sectors was lower than the 5.1 per cent expansion recorded in January

Manufacturing sector must not rely on tariffs for cover: India Inc

With supply chain uncertainties looming, companies are trying to procure more components and create an inventory, felt industry insiders

11,000 exporters avail benefits under interest equalisation scheme: Govt

The government on Tuesday said about 11,000 exporters avail the benefits under the interest equalisation scheme to get credit at concessional interest rates. Interest equalisation has been an important policy instrument, especially for MSME exporters, for bringing down the higher cost of credit incurred by Indian exporters vis-a-vis their foreign competitors, Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha. In India, the repo rate stands at about 6.25 per cent, with exporters bearing interest rates ranging between 8 to 12 per cent or even more, depending on the spread and risk assessment of the borrower by the Authorised Dealer Banks. In competing countries, the interest rate is very low. For instance, the central bank rate in 2025 is 3.1 per cent in China, 3 per cent in Malaysia, 2 per cent in Thailand, and 4.5 per cent in Vietnam. "Approximately, 11,000 exporters avail the benefits under the scheme," he said. Up to June 30, the

ISID backs MSMEs, startups to drive manufacturing-led Viksit Bharat

While big industry is crucial, ISID's industrial development report advocates strengthening medium and small enterprises and startups to achieve India's 2047 goal

Carysil plans to invest Rs 500 crore to increase production capacity

Premium kitchen solutions provider Carysil plans to invest Rs 500 crore to increase manufacturing capacity of kitchen sinks, faucets and appliances segment as part of its long-term growth strategy in India, according to a statement by the company. Under the programme, Carysil has earmarked Rs 100 crore to double its sink manufacturing capacity from 1 million to 2 million units per year, it said. Another Rs 50 crore will be invested for expanding its stainless steel sink production to 2.5 lakh units annually, the company added. To enhance kitchen faucet production to 50,000 units per year, Rs 30 crore will be invested and another Rs 20 crore towards manufacturing 50,000 built-in kitchen appliances per annum, the statement said. "Our vision is to establish Bhavnagar as the largest global hub for kitchen sink manufacturing. 'Make in India' is at the core of our growth strategy, and we are committed to raising the bar in quality and innovation in kitchen solutions," Carysil Ltd Chairm

Centre disbursed Rs 14,020 crore for 10 sectors so far under PLI schemes

The government has disbursed Rs 14,020 crore under Production-Linked Incentive schemes for ten sectors, including electronics and pharma, since the launch of the support measure to boost domestic manufacturing, an official statement said on Saturday. In 2021, the government announced Production-Linked Incentive (PLI) schemes for 14 sectors like telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell batteries, drones, and pharma, with an outlay of Rs 1.97 lakh crore. "The incentive amount of around Rs 14,020 crore disbursed under PLI schemes for 10 sectors," the commerce and industry ministry said. These sectors are large-scale electronics manufacturing, IT hardware, bulk drugs, medical devices, pharmaceuticals, telecom and networking products, food processing, white goods, automobiles and auto components and drones. Individual cases have been approved over a

Oji India opens new factory in Andhra's Sri City, to generate 300 jobs

Oji India Packaging Pvt Ltd, a subsidiary of Oji Group, inaugurated its fifth facility in the country at Sri City in Andhra Pradesh, a top official said on Saturday. The factory will produce corrugated boxes and packaging accessories and employ approximately 300 people in the region. This expansion reinforces the company's commitment to meeting the growing demand for sustainable and high-quality corrugated packaging solutions in South India. The state-of-the-art automated plant, spread across 43,000 square meters, will cater to the increasing demand for corrugated boxes in the region. With an initial workforce of 130, the company plans to expand to 300. Oji Holdings Corporation President and Group CEO Hiroyuki Isono, Consul General of Japan Muneo Takahashi, and Sri City Founder and Managing Director Ravindra Sannareddy attended the inauguration, according to a company statement. Sannareddy congratulated the Oji India team for establishing the factory in Sri City, noting that Oji is

Rs 40k-crore Sagarmala 2.0 to provide support for shipbuilding, repair

A new startup innovation scheme launched to boost maritime entrepreneurship

Zetwerk Manufacturing plans IPO in 15-24 months, aims to raise $500 million

The new factory will focus on manufacturing control boards for washing machines, refrigerators, air conditioners, and IT hardware

Steelbird targets 3-fold revenue growth by 2030; to expand production

Steelbird now manufactures 10 million units at its Baddi facility, which it aims to take up to 25 million by 2032, besides adding another facility in the state in the next four years

India to have its own GPUs in next 3-4 years, says Ashwini Vaishnaw

The India AI Mission was launched with an initial target of 10,000 GPUs. It was approved in March last year with an outlay of ₹10,738 crore

Semicon Mission-2 in works, mulling to support chip designs: IT secy

The government is ready with an outline of next phase of India Semiconductor Mission (ISM) and discussions are on internally for its rollout, a senior government official said on Thursday. Speaking at IESA Vision Summit, Ministry of Electronics and IT Secretary S Krishnan said the government is also mulling supporting ambitious chip design projects in the country as well as semiconductor packaging designs. "The next stage of ISM is in the works. We have had discussions, discussions with many of the stakeholders, including many amongst you, as to how to design the programme. The design and the outline is ready, and there's undergoing detailed discussions internally in the government," he said. Krishnan in his virtual speech said that the second phase of ISM proposes to provide support for gases and other elements that are required for semiconductor production. He said that the first phase of ISM had a total outlay of Rs 76,000 crore comprising Rs 65,000 crore for chip manufacturing

Cement prices see three-month rise; dealers optimistic about future

Average pan-India cement prices are about 2-2.5 per cent higher compared to the October-December quarter of 2024-25 (Q3FY25)

Tata Electronics to make up display semiconductor chips in Gujarat

Tata Electronics will set up a display chip manufacturing unit in Gujarat in partnership with Taiwan-based PSMC and Himax Technologies, a top official of the company said on Wednesday. Speaking at IESA Vision Summit, Tata Electronics CEO Randhir Thakur announced signing of an agreement with the Gujarat government for the plant. "Today, I am delighted to announce the signing of an MoU between Tata Electronics, PSMC and Himax to revolutionise India's display product and technology ecosystem. With PSMC's proven technology, Tata Electronics will manufacture display chips for Himax in Dholera, Gujarat," Thakur said. Display chips are widely used in products like television, mobile phone screen, camera image sensors, LEDs, OLEDs etc. Vedanta Group had also proposed to set up a display fab in Gujarat but the project has not received government approval yet. With its foray in display manufacturing, Tata Electronics will have presence in all top three semiconductor manufacturing ...

Aiming for 100% PC manufacturing in India in next 3 years: Lenovo

Lenovo India Managing Director Shailendra Katiyal said that of the total PC sales in India, the company manufactured 30 per cent locally, and will hit 50 per cent next year

Manufacturing sector must take advantage of opportunities available: PM

Prime Minister Narendra Modi on Tuesday asked the industry not to be a "mere spectator" and take advantage of the opportunities available in the global supply chain. Stating that the world is looking to strengthen its economic partnership with India, Modi said India's manufacturing sector should take advantage of the growing needs of the world by producing high quality products. "Today India provides stable policies and a better business environment. I urge you to take big steps to advance the country's manufacturing and exports," he said at a Post-Budget webinar on Regulatory, Investment and Ease of Doing Business Reforms. Modi said industry should look for manufacturing innovative products using R&D which has demand overseas, and this will push exports. "Today the world needs a trusted partner... Industry should not be a mere spectator, should seek opportunity in the global supply chain: Modi said, adding today India has become a growth engine for the global economy... The ...