Manufacturing | The Asian Age

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LG Electronics India said the government's decision will boost domestic manufacturing.

TV makers hail scrapping of duty on open cell panel, mfg cost to go down by 3 pc

The announcement has come just ahead of the festive season sales and would positively impact the sales of LED TV panels.

18 Sep 2019 1:46 PM

According to data released by the Ministry of Statistics and Programme Implementation, industrial output grew at 3.3 per cent in April-July period this fiscal, down from 5.4 per cent growth in the same period a year ago. (Representational image)

Industrial output growth rises 4.3 pc in July

The industrial output growth was recorded at 1.2 per cent in June and 4.6 per cent in May this year.

12 Sep 2019 6:40 PM

The company produced a total of 1,11,370 units in August as against 1,68,725 units in the year-ago month.

Maruti to halt production at Haryana plant for two days

Reeling under severe slowdown, the auto major had reduced its production by 33.99 per cent in August.

04 Sep 2019 1:25 PM

India's GDP growth fell to an over six-year low of 5 per cent in the June quarter.

India services growth eases in August on weaker demand: PMI

Both the manufacturing and services industry, fell from 53.9 in July to 52.6 in August.

04 Sep 2019 10:57 AM

On the prices front, the measure of input costs accelerated to a nine-month high. (Representational Image)

India manufacturing PMI drops to 15-month low in Aug

On the employment front, the survey said weak sales prevented manufacturing firms from replacing retirees and voluntary leavers.

02 Sep 2019 12:07 PM

Finance Minister Nirmala Sitharaman. (Photo: File | ANI)

Govt making all out effort to tackle economic situation: Nirmala Sitharaman

I am meeting industries and taking their inputs, suggestions on what they would want and expect from govt, said FM.

01 Sep 2019 3:06 PM

Manmohan Singh said it is particularly distressing that the manufacturing sector's growth is tottering at 0.6 per cent. (Photo: File)

State of economy deeply worrying: Manmohan Singh

Former PM Manmohan Singh said the last quarter GDP growth rate of 5 per cent signals that 'we are in midst of a prolonged slowdown'.

01 Sep 2019 11:07 AM

Automobile industry creates a lot of employment in states, but a slowdown or fall in sales conversely generates unemployment.

State govts need to realise their role in promoting mfg in auto sector: RC Bhargava

The automobile sector accounts for 49 per cent of India's manufacturing gross domestic product (GDP).

27 Aug 2019 12:35 PM

Hero MotoCorp further said production planning is a matter of advance monitoring of the market dynamics and prudent demand forecasting.

Hero MotoCorp manufacturing plants to remain shut for 4 days till Aug 18

In a regulatory filing, Hero MotoCorp said its manufacturing facilities will be closed from August 15 to 18, 2019.

16 Aug 2019 12:40 PM

The current policy does not talk about contract manufacturing and it is not clearly defined in the policy. Big technology companies across the world are going for this, so there is a need for a clarification on the matter which government is considering positively, sources said.

Govt may permit 100 pc FDI in contract manufacturing: Sources

Commerce and industry ministry is working on a proposal that would be finalised soon and sent for Union Cabinet's approval.

11 Aug 2019 1:22 PM

Tata Motors and M&M said on Friday they would cut production at some plants in response to slowing demand.

Top Indian automakers plan production cuts amid industry crisis

Auto parts manufacturers and dealers have laid off about 350,000 workers since April.

10 Aug 2019 10:47 AM

On Thursday, auto components maker Jamna Auto said it may suspend production at all its manufacturing facilities this month. (Representational image)

Automakers cut production to align with tapering market demand

M&M said it would be observing 'no production days' in various plants for 8-14 days during second quarter of 2019-20.

09 Aug 2019 7:48 PM

MoS Arjun Ram Meghwal was addressing the 3rd International Electric Vehicle Conclave at the International Centre for Automotive Technology in Manesar, Gurugram.

E-mobility mission to be implemented in phases based on industry feedback: Meghwal

MoS Arjun Ram Meghwal informed that three lakh electric vehicles have already been sold under the FAME India Scheme.

09 Aug 2019 5:04 PM

The recent cut in repo rate by RBI should come as a relief for the industry if banks pass it on and it expects more reduction in the rates in coming months to drive investments, Ficci stated.

Manufacturing sector outlook moderates in Apr-Jun: Ficci survey

The percentage of respondents expecting low or same production is 59 per cent in Q1, compared to 46 per cent in Q4 of 2018-19.

23 Jun 2019 6:17 PM

According to government projections, more than 3 lakh bulletproof jackets will be required by Indian armed forces, said former DRDO chief and Niti Aayog member V K Saraswat. (Representational Image)

'Some foreign firms keen to set up plants in India to supply raw materials for bulletproof jackets'

Indian companies producing bulletproof jackets import Chinese raw materials due to price advantage, said V K Saraswat.

23 Jun 2019 6:09 PM

In a move to check evasion, the GST Council would also discuss the proposal of integrating e-way bill with NHAI's FASTag mechanism from April 1, 2020.

Sitharaman-led GST Council meet to decide on tax cut on e-vehicles, NAA extension

To push for manufacturing electric vehicles, the Council will consider slashing GST rates to 5 pc from 12 pc, an official said.

20 Jun 2019 6:49 PM

The report was done across 19 sectors and 14 geographies surveying 775 enterprises in India and 85 businesses across the globe. (Representational Image)

Manufacturing, infrastructure to add 58,200 jobs in Apr-Sept FY20

According to TeamLease Services report for April-September FY20, these industries will witness a 2 pc increase in net employment.

18 Jun 2019 12:53 PM

The expansion in the mining sector was 5.1 per cent compared to 3.8 per cent in the year-ago month. (Representational Image)

Industrial growth at 6-month high of 3.4 per cent in April

IIP growth mainly on account of improvement in mining and power generation, according to official data.

12 Jun 2019 6:17 PM

Bhartiya Skill Development University (BSDU) has organized a two-day workshop in association with EOS.

BSDU organises workshop on 3D printing and additive manufacturing with EOS

The workshop was held on ‘Design for Additive Manufacturing and Data Preparation for Metal Additive Manufacturing’.

07 Jun 2019 10:52 AM

"My own experience in the last five years is that wherever we have done away with subsidies, industry and business have progressed, grown and prosper,' Commerce and Industry Minister Piyush Goyal said. (Representational Image)

Industry, exporters should not depend on subsidies; work on competitiveness: Goyal

The minister emphasised on need to increase strengths of the industry as it would help in boosting manufacturing and exports.

06 Jun 2019 3:26 PM

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Farrukh Dhondy