A part of USD 55 million investment will go into new multi-purpose plants, with over 270kL of total capacity, to support the current pipeline of approximately 80 late stage programs that PPS is currently assisting its partners with at various global sites, a company statement said.
Cupertino-based iPhone and iPad manufacturer Apple has sought certain concessions for setting up manufacturing unit in the country.
"For expansion we are looking at setting up another manufacturing facility and a new R&D centre. We haven't finalised the place, but it's going to be in Maharashtra for sure," UM India director Jose Villegas told reporters here.
Core orders suffered a second straight quarter of declines in April-June, the first instance of consecutive quarterly falls since 2012. This casts doubt on policymakers' optimism that brightening business sentiment will drive up capital expenditure ahead.
'Make in India' is one of the flagship programmes of the Government of India which is aimed at transforming the Indian economy towards making it a "global manufacturing hub", India's Consul General in Chicago Neeta Bhushan said in her address to a business community from the mid-west region recently, a media release said yesterday.
"For the past two decades, we've been a bus body maker only. But we've decided to move on and develop a bus fully in-house, including the engines. Our first product is called the Columbus, which is a premium airport coach or tarmac bus," managing director Anil Kamat told PTI.
This is the second electronics manufacturing cluster (EMC) project worth Rs 437 crore has been approved by the Ministry of Electronics and IT for Telangana.
"The size of the domestic mobile manufacturing industry in FY (financial year) 2019-20 is expected to be Rs 1,35,000 crore as compared to Rs 94,000 crore in FY 2016-17. For smartphones, the market size of domestic manufacturing in FY 2019-20 will be Rs 1,20,200 crore," the joint report released by industry body IAMAI and Enixta Innovations said.
But even as firms boosted purchasing in anticipation of more business, employment levels at factories fell at the fastest pace in 10 months and a reading on business outlook was the lowest since last August - a sign that economic momentum may start to ebb in the months ahead.
China registered steady growth during the first half of the year with stronger-than-expected GDP and exports growth, but the positive momentum will be hard to maintain as the country looks to adopt stricter financial regulations aimed at controlling the country's debt-fuelled investments.
The president said that Foxconn's initial investment of more than USD 10 billion will create 3,000 jobs at a minimum, with the potential for up to 13,000 jobs in the very near future.
The Markit/Nikkei Japan Flash Manufacturing Purchasing Managers Index (PMI) fell to 52.2 in July on a seasonally adjusted basis from a final 52.4 in June.
The Andhra Pradesh IT minister said, "To meet the target, apart from manufacturing of mobile phones and consumer durables, focus will be also on manufacturing of medical devices."
Still, with half a year left to go, Beijing is expected to handily meet its annual 6.5 percent economic growth target without too many bumps, good news for President Xi Jinping ahead of a major political leadership reshuffle later this year.
Enabling finance availability, easy migration of labour force and a robust think tank is the need of the hour for defence sector
The government is preparing to further open up the new energy vehicle battery market to foreign investment, Ministry spokesman Sun Jiwen told a regular briefing in Beijing.
The decision was announced as part of a series of restructuring actions from the Detroit automaker on Thursday, and marks a significant blow to India's strategy of encouraging domestic manufacturing.
"In rupee terms, overall for India and Europe would be about Rs 2,500 crore, almost split equally between India and Europe," Apollo Tyres Chief Financial Officer Gaurav Kumar said in an analyst call. For the European operations, the company has earmarked a capex of about 180 million euro for the current fiscal.
"As we are moving fast towards industrial revolution, the MSMEs are playing major role in making our nation a manufacturing and technology hub," Fadnavis said after laying the foundation stone of the new building of an MSME technology centre at the Institute of Design of Electrical Measuring Instrument here.
India is in the advanced stages of formulating a policy to encourage domestic defence manufacturing and cut import of combat planes, ships and submarines, Union Minister Arun Jaitley said.
Delta Electronics has added the LNE-320W model to the constant current/constant voltage LNE series of LED Drivers with output voltage of 12V, 24V, 36V and 48V.
In February, Foreign Portfolio Investors (FPIs) had made a net investment of Rs 15,862 crore in equity and debt markets. Prior to that, FPIs had pulled out more than Rs 80,000 crore between October 2016 to January 2017.
Smartron, a Hyderabad-based start-up today celebrated its first anniversary of the public launch and introduction of tbook, tphone, and ttab devices and tronxIoT platform.
"Urea production may be less by 2,00,000 tonnes in 2016-17. Import parity price (IPP) has come down, making domestic production less competitive," a senior Fertiliser Ministry official told PTI.
The company, which had launched the ONN brand of innerwear targeting younger people few years ago, is now focussing on the Rs 2,400 crore active wear market offering a casual and alternative line of clothing.