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Panasonic prioritises India for substantial investments and manufacturing growth
Ryo Matsumoto, General Manager of the Living Energy Business Division at Electric Works Company, Panasonic Corporation, outlined the company's plan to boost production capabilities by utilising excess facilities at its Sri City factory in Andhra Pradesh.Read more
BCIC advocates manufacturing growth for India's export ambitions
Bangalore Chamber of Industry and Commerce (BCIC) asserted that India's manufacturing sector must increase its contribution to the country's GDP from 16.5% to 20% to achieve the ambitious export target of $8.3 trillion by 2047.Read more
Adani Group accelerates solar manufacturing growth, targets 10 GW Capacity by 2027
Adani Solar, a subsidiary of the Adani Group, has already secured confirmed orders exceeding 3,000 MW in exports, which are slated to be fulfilled within the next 15 months.Read more
India to offer $2.2 bn incentives for manufacturing growth in six sectors
This initiative forms part of India's 1.97-trillion-rupee production-linked incentive scheme (PLI), which was inaugurated in 2020. Among the six sectors poised to join the PLI scheme are toys, bicycles, leather, and footwearRead more
HP pursues Indian PC manufacturing growth through PLI 2.0
To bolster PLI 2.0, the government has implemented restrictions on the import of IT hardware, requiring OEMs to apply for licenses before importing.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