Manufacturing News

The overall business activity, which includes both manufacturing and services, also grew fast, with the Composite PMI hitting 60.7, the quickest growth rate in over a year.

The data showed that the manufacturing sector, which provides quality jobs for the young graduates passing out of the country’s universities and engineering institutes, registered a 3.9 per cent growth in June this year over the same month of the previous year.

Driven by the special incentive scheme, the production of mobile phones has increased from about 60 million mobile phones in 2014-15 to about 330 million mobile phones in 2023-24.  

Nitin Gadkari said he is working with a target to make India number one global automobile manufacturing hub and to take its size to Rs 15 lakh crore in the near future.

Goyal launches a slew of initiatives on Saturday. He launched right to repair portal and NTH mobile app. On the 'right to repair' portal, manufacturers will share the manual of product details with customers so that they can either repair by self, by third parties.

This news of DNA is for those who use Apple products and those who intend to buy iPhone. Recently, it has been seen that iphone 14 or any iphone is not easily available at any shop or at Apple Store. Most of the shopkeepers are saying that Apple products have reduced in the market. So the question is whether Apple has reduced the manufacturing of its products, or is it a marketing strategy.

Car and smartphone prices are going up this Diwali season, and are likely to stay up till the second half of 2022. Here’s the reason why cars and smartphones are getting more expensive during this time, and are likely to stay this way for some months.

According to a data by the National Statistical Office (NSO), the manufacturing sector output grew at a rate of 3.2 per cent in February compared to a contraction of 0.3 per cent in the same month a year ago.

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of January 2020 stands at 137.1.

Government said that the changes in FDI policy will result in making India a more attractive FDI destination, leading to benefits of increased investments, employment and growth.

The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- increased to 50.7 in February, up from 50.4 in January, as output and orderbooks rose at accelerated rates.

The government is examining extra concessions being demanded by the US-based iphone maker Apple for setting up a manufacturing unit in India.

US manufacturing posted the fourth straight month of faster expansion in December as new orders and output jumped, pointing to a growing economy, the Institute for Supply Management said today.

In what could be a major blow to Apple Inc in its plan to set up a manufacturing unit in India, the Commerce Ministry is reportedly not in favour of concessions to the US tech giant for the same.

The aftershock of thye 8 November demonetisation took a knock at manufacturing sector in December, which contracted as new work orders and output took a beating for the first time in 2016.

The annual rate of inflation, based on monthly WPI, stood at 3.15 percent (provisional) for the month of November, 2016 (over November, 2015) as compared to 3.39 percent (provisional) for the previous month and -2.04 percent during the corresponding month of the previous year. 

India has adopted a two-pronged strategy to boost employment generation in the country, the government said on Friday.

India's industrial production grew by a meagre 0.7 percent in September after contracting for two consecutive months in July and August.

Government will soon come out with a comprehensive capital goods policy to create an ecosystem for a globally competitive sector leveraging concepts such as smart manufacturing, automation and IoT.

Confident that the next 25 years will belong to India, Hero MotoCorp Chairman Pawan Munjal Thursday said land and labour reforms are "very important" to boost the country's manufacturing sector.