Page 2 - India Manufacturing Growth

Factory growth ends 2023 at 18-month low on weaker new orders, output

'Growth of both output and new orders softened, but on the other hand, the future output index rose since November'

Investments worth Rs 25,813 cr made under pharma PLI as of Sep: Govt

Investments worth Rs 25,813 crore have been made and 56,171 new jobs were added as of September this year under the production-linked incentive scheme for pharmaceuticals, the government said on Friday. In its year-end review, the Department of Pharmaceuticals (DoP) also said the 'Pradhan Mantri Bhartiya Janaushadhi Pariyojana' achieved its target of opening 10,000 retail outlets in 2023 to provide quality generic medicines at affordable prices to the poor and underprivileged. The production-linked incentive (PLI) scheme for pharmaceuticals is being implemented with an objective of enhancing India's manufacturing capabilities by increasing investment and production in the sector and contributing to product diversification to high value goods in the pharmaceutical sector. The total outlay of the scheme is Rs 15,000 crore and the scheme duration is from 2020-2021 to 2028-29, an official statement said. Under the Scheme, 55 applicants have been selected, which includes five applicants

India's Akash missile engages four targets at once at 25km, a global first

India demonstrated the capability of the Akash missile system to engage four aerial targets simultaneously at a range of 25 kilometres, the Defence Research and Development Organisation (DRDO) said on Sunday. It said India became the first country to have such a capability using a single firing unit. "India became first country to demonstrate the capability of engagement of 04 aerial targets simultaneously at 25Km ranges by command guidance using single firing unit. The test was conducted by @IAF_MCC using Akash Weapon System," the DRDO said in a post on 'X'. It is learnt that the capability of the home-grown missile system was displayed at the 'Astrashakti' military exercise on December 12. The exercise was held by the Indian Air Force. The Akash, with a range of up to 25 km, is a short-range surface to air missile primarily used for protecting vulnerable areas and points from air attacks. The missile system is among the key platforms that India is exporting to friendly foreign

India to soon be ready for $1 trn exports: Vaishnaw on 'Make in India' goal

Union Minister Ashwini Vaishnaw said that exports have reached $762 billion in the last financial year and the reason behind it is 'Make in India'

Foxconn's Indian Arm Bharat FIH to invest Rs 400 cr in Rising Stars Hi-Tech

Rising Stars Hi Tech focuses on manufacturing and selling of Hi Tech electronic and electrical products, including televisions, EVs, telecommunication devices, and IT hardware and components

Foxconn's Hon Hai to expand footprint in India with $1.6 bn investment

The news comes as Hon Hai, also known as Foxconn, and other Taiwanese electronics manufacturers continue to diversify their businesses outside of China

Amid China outbreaks, India can position itself as manufacturing hub: GTRI

With China witnessing repeated outbreaks of respiratory ailments, India can position itself as a global manufacturing hub by enhancing its supply chain capabilities and investing in healthcare infrastructure, think tank GTRI said in a report. India can leverage its workforce and manufacturing potential in sectors like mobile phones and laptops, the Global Trade Research Initiative (GTRI) said. According to the report, China has experienced several outbreaks due to close human-animal contact, including COVID-19 (2019), H7N9 bird flu (2013), H5N6 bird flu (2014), and H10N3 bird flu (2021). While these outbreaks had varying impacts, COVID-19 notably escalated into a global pandemic. These outbreaks, especially COVID-19, have prompted a reevaluation of global supply chains and reliance on China for manufacturing. Businesses are considering alternatives like reshoring or diversifying supply sources to mitigate risks. "India is positioned to benefit from this trend by enhancing its supp

IIP growth slows down to 3-month low of 5.8% in September: NSO data

The growth in manufacturing output decelerated to 4.5 per cent, whereas output in electricity and mining accelerated to 9.9 per cent and 11.5 per cent respectively from last month

iPhones assembled by Tatas to be a reality as Wistron clears plant sale

$125 mn estimated cost for buying K'taka unit

Manufacturing PMI at five-month low in Sept but remains strong: Survey

Job creation in industry continues as firms continue getting new business, says S&P Global

Statsguru: Attracting foreign direct investment will need more effort

Attempts to encourage more companies to manufacture in India for the rest of the world may be bearing some fruit

Foxconn CEO Young sees India as new manufacturing hub of the world: Report

Foxconn CEO and Chairman Young Liu says India has the capacity to build the ecosystem required to become a manufacturing hub faster than China

Uniqlo to expand its manufacturing bandwidth through 20 partners in India

Uniqlo has multiple production partners in India and is looking to expand this network through a large investment; CEO Tadashi Yanai says he wants Uniqlo to become the "best-selling retailer in India"

IIT-Madras launches electronic systems programme to boost manufacturing

IIT-Madras on Thursday announced the launching of a Bachelor of Science (BS) in Electronic Systems programme to meet the fast-emerging demands of the indigenous electronics industry.

Cloud conglomerate Cisco likely to pick Flex as manufacturing partner

The manufacturing process will begin in Flex India's manufacturing unit, which is located in Chennai's Oragadam Special Economic Zone (SEZ)

India as the world's factory: China may be in denial

It is interesting that the myths around the influence of Confucianism on Southeast Asia come not from Chinese scholars but from futurologist Hermann Kahn

India has potential to lead fourth industrial revolution: PM Narendra Modi

Prime Minister Narendra Modi on Friday said India has the potential to lead the fourth industrial revolution and the government has worked on reforms to make the country a manufacturing hub of the world. He said that the fourth industrial revolution is as much about new technology, as it is about innovative thinking. "Due to various factors, India may have missed being a part of earlier industrial revolutions. But India has the potential to lead Industry 4.0, because, for the first time in recent history, we have many different factors like demography, demand and decisive governance coming together," he said through a message. The Prime Minister's message was read by a Joint secretary of the Ministry of Heavy Industries here at the conference on Industry 4.0. Modi added that the industry and entrepreneurs play a key role in making India a vital link in global value chains. "We have worked on reforms and incentives to make India a tech-powered manufacturing hub of the world," he ..

India's manufacturing growth stays robust in Aug, inflation eases

S&P Global's Manufacturing Purchasing Managers' Index dips slightly to 56.2 in August from 56.4 in July

After mobile phones, India eyes smartwatches, earbuds manufacturing

The government on Tuesday announced a new Phased Manufacturing Programme (PMP) for producing wrist wearable devices, hearable devices and electronic smart meters in the country.

India's Q3 manufacturing outlook improves, cost of doing biz concern: FICCI

The outlook for India's manufacturing sector seems to have improved in the October-December 2021 quarter even as the cost of doing business remains a cause for concern, according to a FICCI survey.