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 […]
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The main challenges for GCCs in tier 2 and 3 cities are the limited talent pool, inadequate higher education institutions, infrastructure bottlenecks and connectivity issues. Global Capability Centers (GCCs) continue to mushroom in India’s tier-1 cities, but their expansion into tier 2 and 3 locations—once hailed as the next big hubs—is progressing slowly due to […]
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India’s specialty fertilizer sector anticipates new supply issues. China plans to reinstate export restrictions starting in October. This could lead to price increases for farmers. Rajiv Chakraborty of the Soluble Fertilizer Industry Association (SFIA) shared this. Companies are trying to secure supplies before the restrictions begin. Indigenous supplies might help later. India heavily relies on […]
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Indian steelmakers are requesting a minimum import price from the Government as current safeguard duties prove insufficient amidst falling global prices. Industry executives report that hot rolled coils are trading significantly lower than expected, impacting profit margins. Analysts suggest a balanced approach, considering consumer prices and anticipating stable raw material costs and subdued global demand. […]
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India’s landmark move towards the next generation of Goods and Services Tax (GST) reforms has sparked concern among key industries. The worry is that proposed rate cuts could create inverted duty structures, negating the intended benefit for consumers. According to sources, multiple sectors—including tractors, pharmaceuticals, medical devices, chemicals, fertilizers, textiles and insurance—have flagged concerns to […]
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In a first, a State-appointed Committee has recommended making internships mandatory for all industries receiving Govt. incentives in any form. The Committee has proposed integrating the requirement into the State’s upcoming New Industrial Policy. While the State’s higher and technical education (HTE) department had already issued the internship resolution for universities and its affiliated colleges, […]
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The Reserve Bank of India (RBI) has introduced significant changes to the CIBIL score rules that will come into effect in January 2025. These changes aim to bring more transparency, efficiency and control over an individual’s financial standing. The reform package is designed to address the growing demand for faster and more accurate credit scoring, […]
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In a big move, the Reserve Bank of India (RBI) has introduced new rules to help people with low CIBIL scores get loans more easily. This is great news for millions of Indians who struggle to borrow money due to their credit history. The changes aim to make banking fairer and give everyone a better […]
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Efforts to help industry, especially MSMEs to achieve scale and thereby ensuring better wages is key, since the capacity to spend is intrinsically tied to growth in income that has been tepid, particularly in urban India. Concerned over slowing wage growth, the Finance Ministry plans to hold regular meetings with Indian industry, especially medium, small […]
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Starting Wednesday, Indian goods entering the US market will be subject to a 50% tariff after Washington doubled existing duties, heightening cost pressures on exporters. The Prime Minister’s Office will convene a high-level meeting on August 26 to review measures for Indian exporters facing the impact of higher tariffs in the United States, according to […]
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