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Tamil Nadu chief minister MK Stalin during the inauguration of the Tata Motors passenger vehicles and Jaguar Land Rover (JLR) manufacturing facility, in Panapakkam, Ranipet district, Tamil Nadu. (@CMOTamilnadu/X via PTI Photo) NEW DELHI: Tata Motors Passenger Vehicles Ltd. (TMPV) and its subsidiary Jaguar Land Rover Automotive (JLR) have commenced operations at their new manufacturing…
India’s factory activity picked up marginally in January after slipping to a two-year low the previous month. The sector was helped by strong inflows of new orders, even as sentiment among manufacturers weakened sharply, a monthly survey showed on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.4 in January…
The Union Budget 2026-27 has announced a series of measures aimed at strengthening India’s export ecosystem by focusing on manufacturing expansion and trade facilitation, commerce secretary Rajesh Agrawal said on Sunday, PTI reported.He said the Budget includes targeted support for both labour-intensive industries and high-technology sectors, while policy steps on logistics and trade facilitation are…
Manufacturing has always been seen as the workhorse of the economy. It’s not glamorous, it’s not aspirational, it’s not even quickly scalable — in fact, it’s almost dull. Especially when seen next to the slick and nimble services sector. But it seems US president Donald Trump is making factories cool again.The latest Budget makes this…
With the Union Budget just days away, the manufacturing sector is being seen as one of the main reasons India has stayed economically resilient—even as many countries face slow growth.The Economic Survey 2025–26 has set an upbeat tone, projecting India’s GDP growth at 7.4 per cent for the current financial year. In simple terms, that…
If you are looking at the Economic Survey for clues to the Budget, you need not look beyond the cover showing how trade may be the dominant theme. Within that the annual economic report card makes no bones about the need to push manufacturing, going beyond the usual policy prescription to call it a strategic…
The India–European Union Free Trade Agreement (FTA) will be credit positive for India, helping attract foreign investment, strengthen manufacturing and improve export competitiveness in labour-intensive sectors, Moody’s Ratings said on Wednesday.India and the EU announced the conclusion of negotiations for the long-pending FTA earlier this week, describing it as the “mother of all deals”. Under…
NEW DELHI: Existing average capacity utilisation in manufacturing is close to 75%, indicating sustained economic activity in the sector, a survey by industry lobby group Ficci showed Tuesday. The highest capacity utilisation was recorded by metals and metals product segment at 79%, followed by electronics & electricals textiles (78%), apparels and technical textiles (75%), chemicals,…
NEW DELHI: The Centre is readying a $1 billion package to boost footwear manufacturing in the country at a time when the sector is among those hit by the 50% tariff imposed by the US on Indian exports.The department for promotion of industry and internal trade had earlier proposed a production-linked incentive for the sector,…
The IT industry body MAIT has urged the government to reduce basic customs duty on key electronic components and enhance tax incentives in the upcoming Union Budget to strengthen domestic manufacturing and improve global competitiveness.In its pre-Budget recommendations submitted to the finance and IT ministries, the Manufacturers’ Association for Information Technology (MAIT) proposed cutting basic…
