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  • Government extends PLI to more sectors, announces Rs 15,000 crore for pharma, Rs 7350 crore for IT hardware Feb 24, 2021 03:44 PM IST

    Government extends PLI to more sectors, announces Rs 15,000 crore for pharma, Rs 7350 crore for IT hardware

    Centre believes PLI scheme will make India's $ 40 billion pharmaceuticals industry globally competitive and less reliant on imports for high-end patented drugs. The new incentives for domestic manufacture of IT hardware aims to raise domestic value addition to 20% - 25% by 2025 and make India a global hub for Electronics System Design and Manufacturing.

  • Global chip shortage could force a rethink on just in time manufacturing Feb 18, 2021 09:26 AM IST

    Global chip shortage could force a rethink on just in time manufacturing

    For decades, companies have focussed on a shortened production timeline to gain from efficiency and cost savings

  • Government extends Rs 12,195 crore PLI scheme to telecom equipment sector to boost MSME growth Feb 17, 2021 03:29 PM IST

    Government extends Rs 12,195 crore PLI scheme to telecom equipment sector to boost MSME growth

    With this, the Government of India hopes to have incremental production of Rs 2,44,200 crore in the telecom equipment sector, exports worth Rs 1,95,360 crore, 40,000 new jobs, and Rs 17,000 crore worth of tax revenue in the coming five years.

  • IIP turns positive in December, grows by 1% after temporary blip in November Feb 12, 2021 05:44 PM IST

    IIP turns positive in December, grows by 1% after temporary blip in November

    This comes after IIP had contracted by 1.9 per cent in November. It had expanded in October and September after six straight months of contraction due to Covid-19. Analysts had then termed this a temporary blip.

  • RBI Survey On Manufacturing Sector | Capacity utilisation recovers in September quarter Feb 06, 2021 09:26 PM IST

    RBI Survey On Manufacturing Sector | Capacity utilisation recovers in September quarter

    The recovery indicates a positive development for the manufacturing sector and the economy as a whole with the government's emphasis on self-reliance.

  • Apple ramping up production of ‘core products’ in India, Vietnam: Report Jan 27, 2021 09:37 AM IST

    Apple ramping up production of ‘core products’ in India, Vietnam: Report

    Productions that will shift base out of China include Apple iPads, iPhones, AirPods, HomePod minis and MacBooks

  • Tata Capital's PE fund raises Rs 1,250 crore to invest in urbanisation, manufacturing Jan 18, 2021 04:40 PM IST

    Tata Capital's PE fund raises Rs 1,250 crore to invest in urbanisation, manufacturing

    The fund has both newer and existing investors, which include global and European fund of funds, Japanese institutions and a leading Asian development finance institution, a statement said.

  • India’s leased manufacturing space absorption at 6.6 million sq ft in 2020: JLL Jan 18, 2021 04:39 PM IST

    India’s leased manufacturing space absorption at 6.6 million sq ft in 2020: JLL

    Chennai topped the chart with 36%, followed by Pune 20% and Delhi NCR 18% of the transactions in 2020

  • Dixon Technologies to make Nokia mobile phones, Toshiba TVs in India: Report Jan 14, 2021 11:27 AM IST

    Dixon Technologies to make Nokia mobile phones, Toshiba TVs in India: Report

    This is the first time that Japanese brand Toshiba will be manufacturing its TVs in India

  • India IIP contracts 1.9% in November 2020 versus 3.6% expansion in October Jan 12, 2021 05:57 PM IST

    India IIP contracts 1.9% in November 2020 versus 3.6% expansion in October

    The previous high recorded was in February 2020, when IIP rose 5.2 percent, while it plunged to 0.48 to percent in September 2020 following the dry months after the COVID-19 lockdown. The IIP for November last year grew 2.1 percent.

  • Explained | Why India’s Manufacturing PMI Rises To 56.4 In December 2020 Jan 06, 2021 09:49 AM IST

    Explained | Why India’s Manufacturing PMI Rises To 56.4 In December 2020

    According to IHS Markit, India’s manufacturing PMI rose to 56.4 in December 2020, a tick higher from November 56.3. However, the survey also brought the bad news of falling employment.

  • Dhande Ki Baat: PSUs, Small & Midcaps Likely To Perform Well In 2021: Deepak Jasani Jan 04, 2021 11:50 AM IST

    Dhande Ki Baat: PSUs, Small & Midcaps Likely To Perform Well In 2021: Deepak Jasani

    Watch the video to find out the sectors that may hog the limelight in 2021 and the expectations from the Union Budget 2021

  • PMI Manufacturing in expansionary zone for fifth straight month Jan 04, 2021 11:03 AM IST

    PMI Manufacturing in expansionary zone for fifth straight month

    India's Manufacturing Purchasing Managers Index (PMI), which tracks sentiment in the sector, rose to 56.4 in December 2020 from 56.3 in November.

  • The quest for Atmanirbhar manufacturing Dec 28, 2020 08:52 AM IST

    The quest for Atmanirbhar manufacturing

    Five things that need to be kept in mind by the government if it is serious about its goal

  • Samsung LED unit in Uttar Pradesh is another step towards Make in India push: officials Dec 15, 2020 03:20 PM IST

    Samsung LED unit in Uttar Pradesh is another step towards Make in India push: officials

    The Yogi Adityanath-led Uttar Pradesh government is also in talks with other companies that are looking to move out of China to set up shop in the state.

  • Aim of PLI scheme is to ensure India can become a champion in 10 sectors: Amitabh Kant Dec 12, 2020 02:54 PM IST

    Aim of PLI scheme is to ensure India can become a champion in 10 sectors: Amitabh Kant

    Speaking at the FICCI AGM, Amitabh Kant, CEO, Niti Aayog, said the PLI scheme will be a gamechanger for the sectors.

  • Pawan Goenka is right. India must seize the slim window of opportunity to revive manufacturing Dec 11, 2020 10:42 AM IST

    Pawan Goenka is right. India must seize the slim window of opportunity to revive manufacturing

    The vast majority of actions needed to remove the drawbacks of the Indian system, which take away from the ease of doing business, require Centre-state cooperation

  • Why the industrial capex machine is whirring to life Dec 10, 2020 01:36 PM IST

    Why the industrial capex machine is whirring to life

    While companies seem to be turning back the lights on the capex front, it may not yet be an all-round revival

  • Explained | Q2 GDP: Does manufacturing data flatter to deceive? Dec 01, 2020 04:33 PM IST

    Explained | Q2 GDP: Does manufacturing data flatter to deceive?

    One of the most crucial input data points used in GDP and GVA calculations is the Index of Industrial Production (IIP). IIP contracted by 10.4 per cent in July year-on-year, by 8 per cent in August and expanded by 0.2 per cent in September. So, in a quarter where IIP contracted during two months and barely rose in month, manufacturing GVA showed positive growth.

  • Chart of the Day | Manufacturing PMI for November shows recovery continues, albeit at a slower pace Dec 01, 2020 12:38 PM IST

    Chart of the Day | Manufacturing PMI for November shows recovery continues, albeit at a slower pace

    With the recovery, inflation has also started to pick up

  • Q2 GDP data: Manufacturing enters positive zone, construction continues to see contraction Nov 27, 2020 06:11 PM IST

    Q2 GDP data: Manufacturing enters positive zone, construction continues to see contraction

    Manufacturing saw a growth of 0.6 percent in July-September of 2020-21, against a contraction of 0.6 percent in the same period a year ago, while construction saw a contraction of 8.6 percent, against a growth of 2.6 percent in the same period a year ago

  • Apple’s second-largest manufacturer Pegatron approves $150 million for India facility: Report Nov 23, 2020 01:41 PM IST

    Apple’s second-largest manufacturer Pegatron approves $150 million for India facility: Report

    Pegatron registered its subsidiary in India in July 2020. It did not have operations in the country prior to this and began operations only in September

  • PLI scheme could help double workforce requirement in manufacturing sector in FY2021-22 Nov 20, 2020 05:22 PM IST

    PLI scheme could help double workforce requirement in manufacturing sector in FY2021-22

    In October, the Ministry of Electronics and Information Technology (MeitY) approved 16 eligible applicants under the PLI scheme. The PLI for large scale electronics manufacturing extends an incentive of 4 to 6 percent on incremental sales of goods manufactured in India to the eligible companies, for a period of five years.

  • Electronic goods production in India increased 187% by value in 6 years Nov 19, 2020 11:00 AM IST

    Electronic goods production in India increased 187% by value in 6 years

    Domestic production of electronic goods in India — in terms of value — saw a significant jump in the last six years, with manufacturing of mobile phones and LED products registering maximum growth, official data show. Experts believe the government’s recently introduced production-linked incentive scheme will be a ‘game changer’

  • The rise in wholesale price inflation is a sign of economic recovery Nov 17, 2020 10:34 AM IST

    The rise in wholesale price inflation is a sign of economic recovery

    As demand comes back, deflation in manufactured products is coming down

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