Page 3 - India Manufacturing Growth

India will be among top 5 bio-manufacturing hubs by 2025: Jitendra Singh

India will be among the top five countries to be recognised as a global bio-manufacturing hub by 2025, Union minister Jitendra Singh said on Friday, noting that India's bio-economy is on way to achieve USD 150-billion target from the current USD 70 billion. He was speaking here after releasing the Genetic Version of Indian rice and chickpea (DNA panArray) developed by National Institute of Plant Genome Research (NIPGR). The Union Minister of State (Independent Charge) Science & Technology said India will be within the top five countries to be recognised as a Global Bio-manufacturing Hub by 2025. "India's Bio-Economy is on way to achieve 150-billion-dollar target from the current 70 billion-dollar to contribute effectively to the Prime Minister's vision of a 5 trillion-dollar economy by 2024-25," he said. Referring to Prime Minister Narendra Modi's 75th Independence Day Speech from the Red Fort, Singh said the roadmap for the next 25 years will be determined by scientific and ...

Manufacturing growth falls in Aug on Covid curbs, rising input costs: PMI

The index for manufacturing fell to 52.3 in the month from 55.3 in July, forcing companies to pause their hiring efforts

Manufacturing PMI drops to 50.8 in May from 55.5 the previous month

The seasonally adjusted Purchasing Managers' Index (PMI) for manufacturing stood at 50.8 in May, down from 55.5 in April

JSHL Q4 net grows over three-folds to Rs 350 crore on increased income

Jindal Stainless Hisar Ltd (JSHL) on Tuesday reported an over three-fold jump in its consolidated net profit at Rs 350.65 crore for the quarter ended March 31, mainly on account of increased income.

Factory orders, production rise at slowest rates in 8 months in April: PMI

India's manufacturing sector activity was largely flat in April, as rates of growth for new orders and output eased to eight-month lows amid the intensification of the COVID-19 crisis

India's recession exit gains momentum on services, manufacturing

Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago

Govt taking steps to make India manufacturing, export powerhouse: Thakur

Minister of State for Finance Anurag Thakur said on Monday the central government is making efforts to turn India into a manufacturing and export powerhouse

Manufacturing production, new orders expand further: IHS Markit report

The health of Indian manufacturing sector continued to strengthen in December with manufacturers stepping up production and input buying amid efforts to rebuild their inventories, IHS Markit said

India's manufacturing sector ends 2020 on brighter note; Dec PMI up at 56.4

India's factory sector ended a rough 2020 on a stronger note as manufacturers boosted production to meet rising demand, a private survey showed on Monday

Top headlines: India may get 1st vaccine by Feb, FMCGs expand rural reach

India is likely to issue an emergency use authorisation to at least one Covid vaccine by the end of January and health workers will be the first to be inoculated. More headlines in our evening roundup

India's manufacturing poised to witness recovery in Jul-Sep: Survey

India's manufacturing sector is poised to witness recovery in the July-September quarter, even as the hiring outlook for the segment remains bleak, according to a survey by FICCI

Top headlines: Small savings cross Rs 1 tn, Volkswagen Beetle goes electric

From Indians pumping nearly Rs 1 trillion into small savings schemes to Beetle becoming India's first vintage car to go electric, Business Standard brings you the top headlines of the day

July manufacturing PMI falls to 46; overall activity shrinks for 4th month

Job losses continue as domestic demand struggles as lockdowns return in states and export orders vanish

Polycab India eyes international markets amid anti-China sentiments

It has already established subsidiaries in the US and Australia for trading wires and cables

Gadkari approves scheme to make India self-reliant in agarbatti production

The programme aims at handholding artisans and supporting the local agarbatti industry

India's economic recovery likely to be 'U' shaped and not 'V': Analysts

The world over various countries are in different stages of opening up after going through a complete lockdown for 60-90 days.

Industrial activity picking up pace in UP; no new tax proposal: Adityanath

UP government eyeing post-covid investments with companies looking to exit China

Top headlines: Biz sentiment sinks to record low, Moody's outlook on banks

Business Standard brings to you the top headlines of the day

January retail inflation at 68-month high of 7.59%; Dec IIP shrinks 0.3%

The index of industrial production (IIP) fell from a growth rate of 1.8 per cent, as the manufacturing sector slipped into negative territory again

Space sector can hit $50 bn by 2024, needs policy support: Antrix-PwC study

Calls for unhindered access to capital for start-ups, govt support in the form of buyback arrangements or schemes to incentivise investors