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Manufacturing Sector

India's manufacturing growth slows to 14-month low in February, PMI at 56.3

India's manufacturing growth slows to 14-month low in Februa...

Mon, Mar 03, 2025

The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 56.3 in February from 57.7 in January.

DPIIT inks pact with ITC to help startups in manufacturing sector

DPIIT inks pact with ITC to help startups in manufacturing sector...

Wed, Jan 15, 2025

Startup India Director Sumeet Kumar Jarangal said this would help provide hassle-free market access to startups in terms of unbound opportunities to work out viable solutions as per business requirements of the organisation through ITC's extensive network and rich experience.

India's manufacturing sector to reach $1.66 trillion by FY34 with GDP share at 21%

India's manufacturing sector to reach $1.66 trillion by FY34...

Tue, Jun 25, 2024

The manufacturing sector's contribution to the GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure, according to the report by DSP Mutual Fund.

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Manufacturing sector expanded at softer pace in May, shows HSBC India Manufacturing PMI

Manufacturing sector expanded at softer pace in May, shows HSBC I...

Mon, Jun 03, 2024

A private survey revealed that companies indicated that working hours had been reduced amid an intensive heatwave, which somewhat hampered production volumes.

Indian economy remains resilient, buoyant despite global challenges: Finance Minister

Indian economy remains resilient, buoyant despite global challeng...

Sat, Jun 01, 2024

Concurrently, real GVA reached Rs 42.23 lakh crore, growing at 6.3 per cent.

German industrial orders rise less than expected in February

German industrial orders rise less than expected in February

Fri, Apr 05, 2024

German industrial orders rose in February but less than expected, showing that the weakness in demand in the manufacturing sector continues. New orders increased by 0.2% on the previous month.

India's manufacturing sector growth hits 16-year high in March as new orders jump amid buoyant demand

India's manufacturing sector growth hits 16-year high in Mar...

Tue, Apr 02, 2024

Manufacturing output rose for the 33rd month running in March, and to the greatest extent since October 2020. Growth quickened across the consumer, intermediate and investment goods sectors.

Technological developments: Manufacturing sector to undergo revolution in next 5 years, says expert

Technological developments: Manufacturing sector to undergo revol...

Sat, Mar 23, 2024

Due to the significant advantages that digital transformation processes may provide, Dhawal Gupta says that it is highly likely that the majority of manufacturing organizations will adopt and implement them in their various divisions

Exclusive: PLI schemes for auto, battery, textiles, bulk drugs, among others, to be tweaked to spur investments

Exclusive: PLI schemes for auto, battery, textiles, bulk drugs, a...

Tue, Dec 19, 2023

PLI schemes are a crucial part of Prime Minister Narendra Modi’s vision of making India a $5-trillion economy by strengthening the nation’s manufacturing sector by incentivising domestic and foreign investments.

Exclusive: India may liberalize foreign investment in non-services sector through ‘pre-establishment’ protection

Exclusive: India may liberalize foreign investment in non-service...

Sat, Sep 09, 2023

This is a major turnaround from India’s stand since 2015 when New Delhi decided to shun ‘pre-establishment’ obligations to investments in the non-services sector as it risked limiting the country’s policy space, and it revised the Model Bilateral Investment Treaty (BIT) to allow treaty protection to investments only after the ventures were established.

India's manufacturing activity moderates in January amid slower increase in total sales

India's manufacturing activity moderates in January amid slo...

Wed, Feb 01, 2023

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) fell from December's recent high of 57.8 to 55.4 in January, as factory orders and production rose at sharp, albeit slower, rate.

India's manufacturing sector activity hits 13-month high in December on rise in new orders, strong demand

India's manufacturing sector activity hits 13-month high in...

Mon, Jan 02, 2023

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) stood at 57.8 in December, up from 55.7 in November, as business conditions improved to the greatest extent in over two years.

Industrial production contracts 0.8% in August: Govt data

Industrial production contracts 0.8% in August: Govt data

Wed, Oct 12, 2022

As per the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), the manufacturing sector's output contracted 0.7 per cent in August 2022.

India Q1 GDP data to be released today: Estimated range 13% to 15.7%

India Q1 GDP data to be released today: Estimated range 13% to 15...

Wed, Aug 31, 2022

According to rating agency ICRA the Gross Domestic Product (GDP) is expected to grow at 13 per cent, while State Bank of India in its report pegged the growth rate at 15.7 per cent.

76% jump in manufacturing sector FDI in FY22: Commerce Ministry

76% jump in manufacturing sector FDI in FY22: Commerce Ministry

Thu, Jul 28, 2022

The ministry said that despite the ongoing pandemic and global developments, India received the "highest" annual FDI inflows of USD 84.83 billion in 2021-22.

Udyami Bharat Programme: PM Narendra Modi to launch several schemes on June 30 to ramp up MSME sector

Udyami Bharat Programme: PM Narendra Modi to launch several schem...

Wed, Jun 29, 2022

Prime Minister Narendra Modi will participate in the `Udyami Bharat` programme and will launch several schemes on June 30.

Manufacturing sector needs quality enhancement to become globally competitive, says MSME Minister Bhanu Pratap Singh

Manufacturing sector needs quality enhancement to become globally...

Wed, Mar 30, 2022

India's manufacturing sector needs quality enhancement to become more competitive globally, MSME Minister Bhanu Pratap Singh said on Wednesday.

PLI scheme: Tapping India's manufacturing capabilities! Big step from Modi government to woo global players

PLI scheme: Tapping India's manufacturing capabilities! Big...

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

Modi government plans! 1st genuine single window in terms of comp...

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

PLI scheme: $520 billion worth of manufacturing in next 5 years...

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

PLI Scheme: Massive! Rs 1.46 crores boost to Atmanirbhar manufact...

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'

'India can become global PPE hub, more R&D efforts neede...

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

Umbrella PLI scheme proposed to replace MEIS, promote domestic ma...

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.

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