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India identifies key sectors for global manufacturing dominance
Officials have revealed that India is on the brink of identifying approximately a dozen sectors poised to establish the country as a global manufacturing powerhouse.Read more
Piyush Goyal urges Indian industries to transform India into Global Manufacturing Hub
The discussions took place on 12 sectors, including textiles, capital goods, defence, aerospace, space, metals, leather, mining, energy, food processing, chemicals, medical devices, and drones.Read more
India triumphs in Global Manufacturing, BCG Study Reveals
A BCG study titled 'Navigating the Transformative Shifts in Global Manufacturing’ revealed a remarkable surge of $23 billion in exports to the US, a staggering 44% increase from 2018 to 2022.Read more
Schwing Stetter India partners with VIT, Vallore to offer engineering programme
The partnership aims to help employees accelerate their education, stir innovation and skill development needed for the manufacturing industry.Read more
Mahindra Group to enable US companies to expand global manufacturing footprint
The Mahindra Group will support interested companies in setting up their manufacturing base in India in a range of ways including modular plug-and-play suite of offerings.Read more
Semiconductor slump challenges global manufacturing growth
South Korea and Taiwan will be heavily impacted as such a large proportion of their manufacturing is tied to semiconductors and the electronics industry, says Interact Analysis’ report.Read more
Global manufacturing growth to slow down, CAGR of 3% to 2027
A report by market intelligence authority, Interact Analysis says that the manufacturing decline is now expected in 2024 rather than 2026. The Americas enjoyed a strong year for manufacturing growth in 2022, but labour shortages continue to hamper US manufacturers whereas the Chinese manufacturing economy gets back on its feet after a turbulent periodRead more
Factories of the Future
According to the recently released “State of Smart Manufacturing” report by Rockwell Automation, India has the highest number of manufacturing organisations investing in technology. The study surveyed more than 1,350 manufacturers across 13 leading manufacturing countries including India, China, Germany, Japan, the US, and the UK.Read more
India embedding sustainability in manufacturing to become a global hub
With India becoming the large manufacturing hub, the question of sustainability stands a big doubt on country’s capability. P Kaniappan suggests that inclusion of sustainable practices in manufacturing operations will help India reach the pinnacle of developments.Read more
Schneider Electric highlights sustainable solutions at Elecrama 2023
The company announced investment of Rs 1,400 crores to increase its manufacturing footprint by building five new factories in the next two years.Read more