Union Finance Minister Nirmala Sitharaman hailed the recently reported remarkable surge in manufacturing jobs and wages for workers in FY-23. As per a government survey, manufacturing jobs have risen by 7.6 per cent and wages saw a 5.5 per cent boost in FY-23.
Although the index remains firmly in expansion territory, this marks the weakest performance since January 2024. The moderation in growth reflects a broader trend in the second fiscal quarter, with the average PMI reading hitting its lowest level since the three months ending December 2023.
This rise is largely attributed to favourable government policies like the Production Linked Incentive (PLI) scheme, which covers 14 sectors, and the global shift towards the "China + 1" strategy, where manufacturers diversify supply chains away from China.
New Delhi [India], September 27: Tata Electronics, a wholly owned subsidiary of Tata Sons Pvt. Ltd, a pioneer in India's electronics manufacturing sector, has announced a significant step forward in its journey to establish India's first semiconductor Fab in Dholera, Gujarat. In a landmark m
Vadodara (Gujarat) [India], September 26: Visionary industrialist and leader Deepak C Mehta, Chairman and Managing Director of Deepak Nitrite Limited, has been conferred the prestigious Lifetime Achievement Award by the Indian Chemical Council (ICC) at the 59th ICC Annual Awards Function in
Congress President Mallikarjun Kharge on Wednesday criticised the "Make in India" initiative started by Prime Minister Narendra Modi, calling it a 'stunt' that has led to the 'de-industrialisation' of India's manufacturing sector.
On the 10th anniversary of the 'Make in India' initiative Prime Minister Narendra Modi says that "The impact of 'Make in India' shows that Bharat is unstoppable."
Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, met Zhang Xiaolun, a key member of China's National Political Committee, to discuss strategic initiatives and sign a significant MoU. The agreement, valued at AED 5 billion, focuses on enhancing investment in infrastructure and manufa
As the date for the U.S. Federal Reserve's anticipated rate cut draws near (September 18), investors remain cautiously optimistic about its potential effects on various sectors.
New Delhi [India], September 12: Evincepub Publishing is thrilled to announce the release of "The MASTER of Your KPIs" by renowned expert Pankaj Lochan, a groundbreaking new addition to the world of management literature. This unique book merges captivating fictional storytelling with practi
Prime Minister Narendra Modi has set an ambitious USD 500 billion target for the country's electronics sector. At present, the electronics manufacturing sector is estimated to be about USD 150 billion, growing at a rapid pace over the past decade.
A "tsunami" of cheap Chinese imports to the Thai market is impacting local businesses, causing them to lose market share due to the price competitiveness of Chinese goods, potentially leading to factory closures and economic strain within the Thai manufacturing sector.