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On a fast-track growth
On September 25, 2024, Make in India initiative completed 10 years. Lauding the country’s achievements in manufacturing, Prime Minister Narendra Modi, in a LinkedIn post, described the initiative as a roaring success that has transformed India from a nation reliant on imports to an emerging manufacturing hub. Read more
India-Malaysia to strengthen cooperation in digitalisation, defense and AI
Currently, there are around 185,000 Indian nationals in Malaysia, including both skilled and unskilled workers. Read more
India is redefining its defence manufacturing identity
This trend underscores India’s strengthening role in the global manufacturing landscape, with the defence sector playing a pivotal role.Read more
PM Modi encourages boosting Indian manufacturing
Prime Minister Modi emphasised the importance of enhancing the quality of Indian products to ensure they meet global standards.Read more
Honeywell inks pact with Air India for APU aftermarket support
The APU is a critical piece of aircraft equipment that provides electrical power and air conditioning to a plane while it is on the ground. Read more
Lazard report suggests India is on track on becoming a global manufacturing hub
Finance Minister Nirmala Sitharaman emphasised support for MSMEs and labour-intensive manufacturing, including the extension of the Mudra loan limit from Rs 1 million to Rs 2 million.Read more
Focus on incremental reforms
According to a recent report of DSP Mutual Fund, the manufacturing sector's contribution to India's GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure. Read more
Manufacturing Agenda for Modi 3.0
As Prime Minister Narendra Modi assumes office for the third term, his immediate priority will be to step up GDP growth and job creation. While the coalition government may not be able to take progressive reforms, the industry expects continuity in the policy process, says Rakesh Rao. But, will it be enough to change the manufacturing sector’s fortunes?Read more
Increased scrutiny by US FDA: A boon or bane Indian pharmaceutical sector
Even with the surge in USFDA-approved manufacturing sites in India, the proportion of Official Action Initiated (OAI) observations by the USFDA has stayed consistent at 10% of total inspections in CY23. Read more
FICCI president asks Modi govt to focus on 'Making in India for the world'
The imperative to establish India as a premier manufacturing hub by reducing costs, enhancing ease of doing business reforms, and positioning the nation as a destination for high-quality products. Read more