Business Standard

Manufacturing

India's semiconductor ambitions take wing but water, talent issues remain

Semiconductor manufacturing requires extremely large volumes of pure and cold water, which only some states have; attracting the right talent also a challenge

India's semiconductor ambitions take wing but water, talent issues remain
Updated On : 17 Dec 2024 | 6:32 PM IST

3,000 MW electrolyser manufacturing capacity coming up in India, says govt

India is in the process of providing viability gap funding for electrolyser manufacturing capacity of about 3,000 MW per annum to boost green hydrogen production in the country, Parliament was informed on Tuesday. This assumes significance as India had launched the National Green Hydrogen Mission with an initial outlay of Rs 19,744 crore in January 2023. The Mission aims to develop green hydrogen production capacity of at least 5 MMT (Million Metric Tonne) per annum with an associated renewable energy capacity addition of about 125 GW in the country. "For Electrolyser Manufacturing, contracts have been awarded/are under process for a capacity of 3,000 MW per annum," Minister of State for New & Renewable Energy Shripad Yesso Naik said in a written reply to Rajya Sabha. He further said for Green hydrogen production, capacity has been awarded for 4,12,000 tons per annum. The Mission also aims to attract over Rs 8 lakh crore in total investments and creation of over six lakh jobs with

3,000 MW electrolyser manufacturing capacity coming up in India, says govt
Updated On : 10 Dec 2024 | 6:35 PM IST

Lenskart plans to build largest eyewear manufacturing facility in Telangana

The Gurugram-based eyewear firm has signed a memorandum of understanding (MoU) with the Telangana government to establish the facility at Fab City

Lenskart plans to build largest eyewear manufacturing facility in Telangana
Updated On : 09 Dec 2024 | 8:55 PM IST

LG to set up new plant at Andhra, fears competition from parent entity

LG Electronics India has plans to set up a new plant in Andhra Pradesh to boost its manufacturing capacity in the country, though it also fears competition from its South Korean parent entity. Besides, it is increasing the sourcing of raw materials from the local market, which is helping it meet consumer demands and lower its inventory and related costs, allowing the company to competitively price the products, said LG in its DRHP filed with markets regulator Sebi. However, it also added that despite localisation efforts, there is a persisting reliance on foreign components and finished products, especially in the premium segment. "Key imports are primarily sourced from countries such as China, South Korea, and Japan, reflecting a strategic focus on enhancing product quality and technological advancement," it said. Moreover, dependence on its top-five suppliers and top-10 suppliers that contributed 21.45 per cent and 31.44 per cent to its total purchase of raw materials and ...

LG to set up new plant at Andhra, fears competition from parent entity
Updated On : 09 Dec 2024 | 1:54 PM IST

Electronics component makers seek Rs 72,500 cr to cut reliance on imports

Electronics component makers body Elcina has sought a Rs 72,500 crore (USD 8.57 billion) support package to boost local production of raw materials and cut reliance on imports, an industry official said. Electronic Industries Association of India (Elcina), the country's oldest industry body of the Indian electronics sector, estimates that the demand-supply deficit for inputs in the electronics segment will increase to USD 248 billion (about Rs 21 lakh crore) by 2030 to cater to projected USD 500 billion electronics production and it would be met largely by imports. The industry body expects that the government's support for non-semiconductor components can help reduce the deficit in the country by USD 146 billion (Rs 12.36 lakh crore) to USD 102 billion (Rs 8.63 lakh crore). Elcina Secretary General Rajoo Goel told PTI that unlike finished products where the factory output can go up to 16 times the investment, an electronic components factory can at the most generate an output of ..

Electronics component makers seek Rs 72,500 cr to cut reliance on imports
Updated On : 08 Dec 2024 | 6:05 PM IST

Union Budget 2025-26: Economists stress need for manufacturing policy

Call for reining in food inflation and raising investment in pre-Budget talks

Union Budget 2025-26: Economists stress need for manufacturing policy
Updated On : 06 Dec 2024 | 11:09 PM IST

Apple plans to invest $1 billion in manufacturing plant in Indonesia

In October, Indonesia banned sales of the iPhone 16 because it said Apple had not adhered to rules that require phones sold domestically to have at least 40 per cent locally made parts

Apple plans to invest $1 billion in manufacturing plant in Indonesia
Updated On : 05 Dec 2024 | 5:57 PM IST

DoT bats for expanded telecom PLI to push diversified manufacturing

An expanded PLI will be a key ask for the DoT during the upcoming pre-Budget inter-ministerial consultations, set to begin soon, officials said

DoT bats for expanded telecom PLI to push diversified manufacturing
Updated On : 05 Dec 2024 | 12:03 AM IST

Maharashtra aims $1 trillion GDP with growth in manufacturing, services

Maharashtra plans to double its GDP to $1 trillion by 2030, focusing on manufacturing, EVs, semiconductors, and power reforms while maintaining its lead in FDI inflows and boosting infra development

Maharashtra aims $1 trillion GDP with growth in manufacturing, services
Updated On : 04 Dec 2024 | 9:13 AM IST

Danfoss aims to ramp up local manufacturing capabilities over next 5 yrs

Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. As the country's heating, ventilation, air-conditioning, and refrigeration sector continues to expand rapidly, Danfoss management's decision to support its customers through increased localisation and the addition of new product lines for compressors, heat exchangers, and controls will help bring world-class Danfoss solutions to the Indian market, the company said. "India is a key pillar in our global strategy, and we are committed to driving growth and sustainable innovation in the regio

Danfoss aims to ramp up local manufacturing capabilities over next 5 yrs
Updated On : 03 Dec 2024 | 7:04 PM IST

Decoded: How Volkswagen Group 'evaded' paying $1.4 billion in tax in India

Volkswagen bypassed the 35 per cent duty imposed on Completely Knocked-Down (CKD) units by misclassifying components as individual parts, according to Indian tax authorities

Decoded: How Volkswagen Group 'evaded' paying $1.4 billion in tax in India
Updated On : 03 Dec 2024 | 12:37 PM IST

Sterling Tools forays into manufacture of latching relays for energy sector

The company has partnered with Zhejiang Meishuo Electric Technology Co., China to locally manufacture latching relays for the energy sector, industrial grids, and other applications in India

Sterling Tools forays into manufacture of latching relays for energy sector
Updated On : 02 Dec 2024 | 5:00 PM IST

Manufacturing underperformed amid rise in multi-plants: Arvind Subramanian

On the employment front, they constituted 43 per cent of total non-managerial employees in 2022, up from 17 per cent in 2001

Manufacturing underperformed amid rise in multi-plants: Arvind Subramanian
Updated On : 28 Nov 2024 | 11:34 PM IST

Fall in steel prices may impact profitability of domestic producers: CRISIL

The drop in the prices of steel will impact the operating profitability of primary steel producers in the domestic market, Crisil Ratings said on Thursday. Early-stage steel produced from iron ore is referred as primary steel. Despite an increase in sales volume and lower cost pressures, mainly due to reduced coking coal prices, the operating profit margin will remain at 15-16 per cent in the current financial year, it said. "Lower realisations and flat operating margin will likely drag absolute Ebitda for primary steelmakers 5-7 per cent lower this fiscal, at a time of substantial growth capex," Crisil Ratings Director Ankit Hakhu said. Domestic steel prices are likely to drop 10 per cent on average this fiscal from Rs 57,500 per tonne last fiscal. The first half of this fiscal has already seen average domestic steel prices fall eight per cent from last fiscal's average. While domestic demand is healthy, global steel demand is likely to contract for the third consecutive fiscal.

Fall in steel prices may impact profitability of domestic producers: CRISIL
Updated On : 28 Nov 2024 | 5:23 PM IST

Order book, margin gain expectations to drive gains in Siemens

Large order inflow is likely over next 12-24 months such as 4-5 high voltage direct current (HVDC) electric transmission, locos or train sets among others

Order book, margin gain expectations to drive gains in Siemens
Updated On : 27 Nov 2024 | 11:02 PM IST

Sazerac Company targets India's whisky market to uncork bourbon growth

Identifying India as a key priority market, Diego Bianchi, general manager, emerging markets and barrel select at Sazerac Company

Sazerac Company targets India's whisky market to uncork bourbon growth
Updated On : 27 Nov 2024 | 8:34 PM IST

India remains fertile ground for China smartphone majors, shows data

Big chunk of sales comes from the country despite legal troubles

India remains fertile ground for China smartphone majors, shows data
Updated On : 22 Nov 2024 | 11:31 PM IST

PLI scheme subsidy payouts to eligible companies remain in the slow lane

The government has disbursed close to Rs 4,000 crore or around a fourth of its annual subsidy payment estimate to the eligible beneficiaries under the 14 PLI schemes

PLI scheme subsidy payouts to eligible companies remain in the slow lane
Updated On : 19 Nov 2024 | 11:42 PM IST

Market friendly, joint Centre-state approach key for new industrial policy

The growth boom in manufacturing that India experienced following the shift of focus from public sector to the private sector was driven more by market-friendly than business-friendly interventions

Market friendly, joint Centre-state approach key for new industrial policy
Updated On : 18 Nov 2024 | 10:16 PM IST

India's import dependence on key pharma ingredients may reduce by half

Two newly inaugurated units will manufacture important molecules used in several common antibiotics

India's import dependence on key pharma ingredients may reduce by half
Updated On : 13 Nov 2024 | 11:01 PM IST