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Manufacturing Sector News
PLI scheme: Tapping India's manufacturing capabilities! Big step from Modi government to woo global players
Wed, Feb 24, 2021
To woo global players to tap India's manufacturing capabilities, Modi government on Wednesday approved a production-linked incentive (PLI) scheme for laptops, tablets, all-in-one PCs and servers.
Modi government plans! 1st genuine single window in terms of compliances, ease of approval process
Sun, Dec 13, 2020
The Centre is trying to create the first genuine single window in terms of compliances and ease of approval process, Minister for Commerce and Industry and Railways Piyush Goyal said on Saturday.
PLI scheme: $520 billion worth of manufacturing in next 5 years - Here is how
Sun, Dec 13, 2020
Recently, the Centre had announced the PLI scheme with a budgetary support of $26 billion.
PLI Scheme: Massive! Rs 1.46 crores boost to Atmanirbhar manufacturing by Production Linked Incentive for these 10 Champion Sectors - FULL LIST
Thu, Nov 12, 2020
"Production Linked Incentive worth Rs 1.46 lakh crore offered to 10 champion sectors, to help boost competitiveness of domestic manufacturing," Finance Minister Nirmala Sitharaman said.
'India can become global PPE hub, more R&D efforts needed'
Sun, Oct 18, 2020
Within six to seven months, India has become a major manufacturer of personal protective equipment (PPE) kits and even started catering to the global demand, a report said and suggested that India holds the potential to become a global hub for PPE kits.
Umbrella PLI scheme proposed to replace MEIS, promote domestic manufacturing
Sun, Sep 06, 2020
The government proposes to introduce an umbrella production-linked incentive (PLI) scheme with an allocation of about Rs 40,000 crore to replace the existing Merchandise Exports India Scheme (MEIS) scheme introduced in April 2015 to promote manufacturing and exports of specified goods from India.
12 champion sectors! What Modi government is doing to make India a manufacturing hub - Details revealed
Sun, May 03, 2020
It seems Modi government is leaving no stone unturned to make India a manufacturing hub!
Budget 2019: TV manufacturers demand level playing field with overseas brands, will Sitharaman comply?
Wed, Jul 03, 2019
There have been more than Rs 2500 crores worth of import of TVs in the past under FTA under zero percent duty. This doesn’t favour the companies who support Make in India campaign of the government.
Manufacturing sector posts strong sales growth in Q2: RBI
Thu, Dec 27, 2018
Manufacturing sector, particularly textile and iron and steel segments, maintained its pace of sales growth in the second quarter of 2018-19 as compared to the year-ago period.
Track salary in different sectors of India; IT, manufacturing rule the roost
Mon, Sep 24, 2018
The report observed that IT sector paid median wage at Rs 317.6 per hour, the highest among all monitored sectors, but 17.8 per cent less than the last year. This is one of the reasons why more than half (51 per cent) were not satisfied with their jobs, it said.
IIP growth boosted to 7.5% on courtesy in manufacturing, capital, consumer goods
Mon, Mar 12, 2018
The performance of IIP comes as a surprise as analysts had predicted much lower growth rate for January 2018.
India PMI Services grows to 50.9 in December as economy returns to growth
Thu, Jan 04, 2018
Following a decline in November when the services PMI reached 48.5 the seasonally adjusted ‘Business Activity Index’ signalled a renewed increase in activity.
India's December Nikkei manufacturing PMI rises to 54.7
Tue, Jan 02, 2018
India's manufacturing PMI remains unchanged at 51.2 in Sept; IHS downgrades GDP forecast
Tue, Oct 03, 2017
IHS Markit downgraded its real GDP growth forecast to 6.8% for fiscal year 2017/18 as the lingering effects of recent economic shocks continue to cast a shadow on economic growth.
Manufacturing sector employees get just Rs 211 per hour; banking highest paid sector
Tue, Jul 18, 2017
The male employees in manfacturing sector earn Rs 256.6 on an average and female employees earn Rs 179.8, constituting a 29.9% gender pay gap.
GDP growth rate at 2 year low; RBI's action in next policy will be keenly watched
Thu, Jun 01, 2017
India's GDP data for Q4FY17 dropped to a two year low. Now the next trigger would be RBI's action on Indian economy during second monetary policy meet.
Q4FY17 GDP at 6.1% but some sectors defied demonetisation impact
Thu, Jun 01, 2017
India's GDP numbers were at 6.1% in Q4FY17 – indicating a strong demonetisation impact. Difference between nominal and real GVA reflects slowdown was due to higher deflator.
China's manufacturing growth slows to a six-month low in April
Sun, Apr 30, 2017
Demand weakened across the board with the biggest decline in the input price sub-index, which fell to 51.8, its slowest expansion since June last year, from 59.3 in March.
Wholesale Inflation eases in March but likely to rise going further
Mon, Apr 17, 2017
Following the February numbers, analysts at Motilal Oswal and Care Ratings expected WPI to be around 6.3% for last month of FY17.
More layoffs likely as India's manufacturing sales shrink
Mon, Feb 27, 2017
In November 2014, just weeks after Prime Minister Narendra Modi launched his Make-in-India campaign, Nokia shut its factory in Chennai, rendering 6,600 full-time workers jobless.