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Indian manufacturing sector ends 2024 with modest growth, December PMI at 56.4
November's PMI had already shown a decline to 56.5, a joint 11-month low, from 57.5 in October, indicating a manufacturing slowdown.Read more
India unveils Rs 250 billion plan for electronics components manufacturing
The scheme will adopt a different incentive structure, as components and subassemblies are capital-intensive, unlike smartphones where smaller investments are required for larger manufacturing operations. Read more
Waaree begins trial production at Gujarat solar cell manufacturing facility
At 5.4 GW capacity, the plant attains the position as India’s largest advanced solar cell manufacturing facility.Read more
Nu-Vu Conair unveils manufacturing facility
Spanning an impressive 60,332 sq. ft., the new facility is strategically designed to enhance their production capacity, enabling us to meet the increasing customer demand with greater efficiency by implementing LEAN principles that help in delivering equipment of highest quality with shortest lead time.Read more
ICEA proposes lowering taxes and tariffs to boost electronic manufacturing
For the 2025-26 Budget, ICEA has suggested removing the 2.5% duty on parts such as PCBA (Printed Circuit Board Assembly), FPCs (Flexible Printed Circuits), camera modules, and connectors, to make manufacturing more affordable. Read more
MSMEs in 2024: Key policy announcements that shaped the sector
Companies with turnover above Rs 2.5 billion and all central public sector enterprises (CPSEs) were required to join the TReDS platform by March 2025 to enhance payment cycles.Read more
India needs strong machine tools industry to become a global manufacturing hub
For the Indian manufacturing sector to reach $ 1 trillion, the machine tools industry needs to fire on all cylinders as it enables the production of other machines, parts and equipment for a wide range of sectors, says Rakesh RaoRead more
IMTEX 2025: The showstopper for machine tool builders
With more than 1,000 exhibitors from over 20 countries, IMTEX 2025 will bring together global leaders and foster innovation in the machine tool industryRead more
Smart factories are revolutionising the machine tools industry: Ravi Prem
In this interview with Rakesh Rao, Ravi Prem, Executive Director of Forbes & Company Ltd and President of the Indian Cutting Tool Manufacturers' Association (ICTMA), discusses the impact of the latest technologies on the metalworking industry.Read more
Indian manufacturing sector enters a golden age: N Chandrasekaran
Tata Group plans to create 500,000 manufacturing jobs over the next half-decade, said N Chandrasekaran, Chairman of the conglomerate, in his New Year message to employees. Read more