Sector News rss

News from Various sectors from the B2B Perspective

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 ›

Centre mulls bulk drug policy

The Centre intends to revive the country’s active pharmaceutical ingredient (API) or bulk drug market by formulating a separate policy, which will promote the industry internationally, apart from catering to domestic requirement. The Department of Pharmaceuticals (DoP) will soon hold discussions with various stakeholders to prepare a White Paper for the policy, a senior government official said. “Formulating the… Read More ›

Power producers write to Minister to bring in legislative changes

The Association of Power Producers on Friday wrote to the Power Ministry asking for a task force to be set up for undertaking a thorough review of legislation governing electricity generation. The letter was sent to Piyush Goyal Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy. The association claims that… Read More ›

Polyester fibre makers flay anti-dumping duty on PTA

The man-made fibre industry has flayed the anti-dumping duty levied on import of purified terephthalic acid (PTA) from China, Korea, Thailand and the European Union. Hearing a petition filed by Reliance Industries and Mitsubishi Chemical Corporation PTA India, the Ministry of Commerce and Industry last week notified anti-dumping duties ranging from $117 at the highest… 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 ›

Real estate: ‘Cities in India show modest improvement in transparency’

Primary cities in India have shown modest improvement in transparency over the past two years, mainly due to advancement in market data availability. The JLL’s eighth Global Real Estate Transparency Index covering 102 markets globally shows that India has shown moderate improvement. Jeremy Kelly, Director-Global Research, Jones Lang LaSalle, said: “”Progress has nonetheless been the… Read More ›

Government may extend caps to more drugs

The health ministry has formed a committee that will meet for the first time on Tuesday to consider raising the number of drugs deemed essential and subject to price caps, people directly involved in the process said. The committee will consider adding more drugs to the National List of Essential Medicines (NLEM), all of which would then… 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 ›

Investments in infrastructure pushing demand for PVC

Globally, plastics industry is one of the leading contributors to economic growth. In spite of recession and long-term consolidation trend, the plastics industry has been one of largest and fastest-growing industry sectors of the economy. In the second half of the 20th century, plastics emerged as one of the most universally-used and multipurpose materials in the global… 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 ›