The policy, aligned with the Centre’s Electronics Component Manufacturing Scheme (ECMS), will come into effect from April 1, 2025, for a period of six years, according to an official statement. The Uttar Pradesh Government on Tuesday approved an electronics component manufacturing policy with an investment target of Rs 5,000 crores to promote production of 11 […]
Manufacturing accounts for around 17% of India’s gross domestic product. With frontloading of production to complete the pre-50% tariff exports, Purchasing Managers Index (PMI) for manufacturing sector rose to 59.3 in August as against 59.1 of July, S&P Global reported on Monday. Good news is that fresh job creation rose for 18 successive months, though pace was slow. The […]
This article is authored by Vijay Gurav, industrial engineer expert and author of ‘Modern Industrial Engineering and Factory Assembly Line Systems’. Manufacturing’s next leap will not be won by adding more gadgets to the shopfloor but by orchestrating flow with scientific discipline. The factories that thrive will treat production as a living system governed by […]
Imran Shaikh Founder, Profound Consulting The Problem: A State of Constant Firefighting Indian manufacturing SMEs are the engine of our economy, but they often operate in a high-pressure environment, battling a trio of interconnected challenges: Financial Squeeze: A critical lack of cash flow, worsened by delayed payments and difficulty securing loans, starves the business of […]
Andhra Pradesh approved a $600 million incentive scheme on Friday to boost local electronics component manufacturing. This State-level initiative follows the Indian Central Government’s recent approval of a ₹229.19 billion ($2.62 billion) plan aimed at strengthening electronics manufacturing across the country, highlighting India’s push to expand its domestic tech production capabilities. India’s Southern State of […]
The UP Govt. has already announced electronics manufacturing clusters along Yamuna Expressway and at Greater Noida. After announcing electronics manufacturing clusters (EMC) along Yamuna Expressway and at Greater Noida, the Yogi Government is now gearing up to develop a third EMC in eastern Uttar Pradesh. The Government will be making the policy changes soon in […]
Despite Government initiatives to boost domestic manufacturing, only three foreign manufacturing companies established operations in India during fiscal year 2024-25, according to Ministry of Corporate Affairs data. This contrasts with 53 foreign companies in the services sector. The number of active foreign companies in India has also declined since 2019. Only three foreign manufacturing companies […]
In a major boost to India’s electronics manufacturing ecosystem, Union Minister for Electronics and Information Technology, Railways, and Information & Broadcasting, Ashwini Vaishnaw, inaugurated VVDN Technologies’ largest Surface Mount Technology (SMT) Line and Mechanical Innovation Park at the company’s Global Innovation Park in Manesar, Haryana. The event marked a significant milestone in India’s efforts to […]
In a landmark move aimed at strengthening India’s position in the global electronics manufacturing landscape, the Ministry of Information Technology has finalized a new Production Linked Incentive (PLI) scheme dedicated to the production of critical electronic components. With an allocated budget of approximately ₹23,000 crores over a span of six years, this initiative is set […]
Despite its absolute ranking, India lags behind significantly in per capita manufacturing output. India’s manufacturing sector continues to show growth in absolute terms, yet significant challenges remain in its distribution and per capita output. Market expert, D. Muthukrishnan underscored the uneven spread of manufacturing activity across the country. According to the data shared, just five […]
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