Manufacturing rss

News from the Manufacturing & Engineering sector from the B2B Perspective

Plastics waste: The Golden Triangle – industry, government, consumer

July 23, 2014

It is well known that there are two ways in which society as a whole can improve – either a stick with stringent laws, effective policing and serious punishments for default. Or, when the need for improvement comes from within – a social transformation. The Bhagwad Gita, the Vedas and the Upanashidas talk of self-realisation… Read More ›

Manufacturing output registers strongest growth since Feb: HSBC PMI

The manufacturing sector has registered strongest growth in June since February, a survey by HSBC revealed on Tuesday. Results of the survey is known as HSBC Purchasing Manager Index (PMI). The index rose to 51.5 in June from 51.4. Though the increase in marginal the important thing is that the manufacturing output has increased for… Read More ›

AP split: Is it ‘ache din aane wale hain’ moment for cement cos?

Are good times round the corner for the cement industry in the South? At least the industry thinks so. The reason for its sudden optimism is the bifurcation of Andhra Pradesh – the largest manufacturing and consuming market in the southern region – into Telangana and Seemandhra. The industry expects cement consumption to pick up… Read More ›

How to fix manufacturing: Follow Germany, not China

India’s manufacturing sector has been sick for long. Despite the reforms of the 1990s, which boosted overall growth, India’s manufacturing could not improve its competitiveness. At 15% of GDP, it is much smaller than China’s 30%, and smaller too than Germany’s 21%, though Germany has much higher wages and a much stronger currency. The trust… Read More ›

Budget 2014: Manufacturing to get truckload of sops

The Narendra Modi government is likely to unveil a range of measures in its first budget, expected to be announced next month, to revive manufacturing and create more jobs as it looks to put the economy back on the high-growth track. These steps could include an amendment giving relief to automakers, consumer durables firms and… Read More ›

New energy saving ratings for ACs, fridge likely in 2015

India’s Bureau of Energy Efficiency (BEE) is set to announce new energy saving ratings for high-end air conditioners (ACs) and refrigerators, which, manufacturers say, will perk up the market for premium products even if it leads to a hike in their prices by 10-15%. Leading white goods makers said the BEE is already testing the… Read More ›

India has potential to get $40 b PE investment: PwC survey

Private equity (PE) investors’ sentiments towards India are turning significantly optimistic. A PricewaterhouseCoopers India report based on a survey of 40 PE firm partners estimates that India has the potential to get PE funding of $40 billion (over ₹2.36 lakh crore) by 2025. Future PE investments would be led by India’s continuing consumption story, realistic… Read More ›

Commerce Ministry assessing impact of free trade pacts on local manufacturing

The Department of Industrial Policy & Promotion (DIPP) is analysing the extent to which India’s free trade agreements with Japan, South Korea and the Asean have distorted the import duty structure and how it could be corrected. India Inc has asked the Government to address the inverted duty structure — under which import duties on… Read More ›

India’s manufacturing, services growth outpaces China: HSBC

Manufacturing and services sectors in India expanded at a faster rate than China’s in May even as emerging market output remained stuck in “low gear”, an HSBC survey said on Friday. The HSBC Emerging Markets Index (EMI), a monthly indicator derived from Purchasing Managers’ Index surveys, inched up to 50.6 in May from 50.4 in April, indicating weak output… Read More ›

JSW steel sets eyes on 16 mines in Karnataka for bidding

JSW Steel has identified 16 iron ore mines to bid for in Karnataka’s impending auctions based on the deposits found, its deputy managing director Vinod Nowal told ET. The Karnataka government has been directed by the Supreme Court to auction all mines in category C, where most illegal mining happened, to “end-users” of the commodity… Read More ›