Manufacturing in India News

Manufacturing sector in India contracted in July following the GST launch as new orders and output dropped for the first time since the downturn in December last year post demonetisation.

Manufacturing growth eased to a four-month low in June owing to weak client demand, water scarcity and concerns related to GST, a monthly survey showed today, rekindling rate cut call.

Finance Minister Arun Jaitley on Sunday asked Asian Development Bank (ADB) to ensure primacy is accorded to views of developing countries in operations of the multilateral lending agency.

India continues to remain an economic bright spot despite some bold but disruptive reforms, according to a recent survey.

Indian factory activity cooled in September on slowing growth in new orders and production and as manufacturers charged slightly higher prices, although muted inflation should give the central bank room to ease policy further, a survey showed.

Foreign direct investment (FDI) into the country has increased 37 percent after the launch of 'Make in India' programme till February this year, Parliament was informed on Wednesday.  

The decline in business sentiment throughout 2015 casts some doubt over the sustainability of growth in India.

 A draft National Policy on Capital Goods has been prepared and put in public domain for comments/suggestions of stakeholders and general public, an official statement said on Friday.

About 55 percent of India's population is already working in the services sector but the country has to aim to bring this to 80-85 percent of the population.

The DIPP has asked all secretaries of central ministries and chief secretaries of the states and Union Territories to simplify regulatory environment and to introduce online filing of forms so as to improve the ease of doing business on "priority basis".

Pitching for interest rate cut, Commerce and Industry Minister Nirmala Sitharaman Thursday said reduction in cost of credit was necessary to provide level playing field to domestic industry.

Showing signs of recovery, industrial production grew at three-month high of 2.5 percent in September, mainly on account of better mining and manufacturing output and larger offtake of capital goods.

The government plans to address labour issues, infrastructure deficit and high cost of capital soon to meet the "uphill tasks" of raising share of manufacturing in GDP from 15 to 25 percent, Finance Minister Arun Jaitley said here Wednesday.

The ‘Make in India’ initiative also aims at identifying select domestic companies having leadership in innovation and new technology for turning them into global champions.

Prime Minister Narendra Modi pledged Thursday to slash red tape and harness the benefits of a huge young population as he launched a campaign to attract global business to manufacture in India.

Launching his government's ambitious project to make India a manufacturing hub, Prime Minister Narendra Modi on Thursday promised effective and easy governance to help achieve high growth and creation of jobs.

Stating India has the potential to become the biggest car manufacturer of the world, country's top car maker Maruti Suzuki on Thursday hoped factors adversely affecting competitiveness of manufacturing will be removed quickly, in line with Prime Minister Narendra Modi's call to make India a manufacturing hub.

Unveiling 'Make in India' initiative, Modi said industrialists don't come because of incentives, need to create development and growth-oriented environment

Seeking to make the country a global manufacturing hub, Prime Minister Narendra Modi will launch the ambitious 'Make in India' campaign in the presence of global and domestic CEOs on Thursday.

Prime Minister Narendra Modi will roll out a red carpet to attract industrialists to make India a global manufacturing hub, to help create jobs and boost economic growth.