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India shows promising figures, forecasts predict solid economic growth

German family-owned group of companies, Freudenberg is one of the leading international manufacturers of brand cleaning articles and systems, and laundry care products. Georg Graf, Regional Representative for Freudenberg in India says that world is looking at India as a preferred partner to work with. Sharing about company’s intend to invest in long-term projects in India, in this interview, he suggests a strategies and plans to operate into Indian market.Read more

India should prioritise safety to be global manufacturing hub

Good health and safety management is also good business. If an organisation looks after the health, safety, and welfare of its workers, it will be more productive, and this will help the business to be more successful and sustainable, says Suresh Tanwar.Read more

Budget 2023: The manufacturing fine print

Global commodity supply continued to be disrupted due to intensified Russia-Ukraine war and re-emergence of Covid-19 in China. Read more

Despite slowdown, global manufacturing industry grew 3.8% in 2022

According to Interact Analysis, machinery sector growth outperformed manufacturing in 2022. The US manufacturing industry performed strongly and the Americas growth rate hit 6.9% in 2022, compared to 3.3% for Asia Pacific and 2.6% for Europe.Read more

Industrial sector GVA rose by 3.7% in H1 FY23: Economic Survey 2022-23

The survey says, Industry 4.0 is India’s way forward in achieving the goals of Aatmanirbharta and ambitions of becoming a key player in global value chains. Private final consumption expenditure (PFCE) as a share of GDP in H1 of FY23 was highest among all half years since FY15. Read more

First ever Indian Drone Startup at WEF DAVOS 2023

Indian drone startup, Garuda Aerospace presented the carbon-neutral drone at the Indian Sustainability Lounge at Davos 2023 hosted by World Economic Forum. DGCA approved and made-in- India drones to disrupts the Indian industriesRead more

Taiwan's Gogoro and Belrise to build $2.5 bn battery swapping infra in India

Gogoro and Belrise Industries will set up the world’s largest sustainability-focused portable energy system with the battery-swapping ecosystem in Maharashtra.Read more

Indo-Built aiding India’s economic growth with novel storage solutions

The brand has a strong hold in almost all manufacturing sectors, retail, e-commerce and outsourced warehousing for their material handling applications since the last 35 years.Read more

Crossing the $2 trn export barrier

The Government of India has set a target of tripling annual exports to $2 trillion within five years to boost economic growth, increase the contribution of manufacturing sector to GDP and create jobs for the country's youth.Read more

Bank GNPAs may touch low of 4% by FY24; MSMEs remain a concern area

Gross non-performing assets (GNPAs) of corporate segment is likely to fall below 2% next fiscal from a peak of 16% as on March 31, 2018; GNPAs of MSME (micro, small and medium enterprises) segment may rise to 10-11% by FY24 from approximately 9.3% as on March 31, 2022, says CRISIL Ratings.Read more

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