Home Tag "Manufacturing"

India’s economy suffers car crash, pain spreads to villages

The narrow lanes in Aliyar and Kasan villages in Manesar, an automotive manufacturing hub on New Delhi’s southern outskirts, would usually be packed on Sundays with migrant workers employed at the nearby plants enjoying their day off, but not anymore.  These are hard times for an area dependent on the fortunes of companies like Maruti […]

China’s manufacturing activity expands slower in September

Official data shows China’s manufacturing sector expanded at a slower pace in September. The country’s manufacturing purchasing managers’ index came in at 50.8 in September, narrowing from 51.3 in August, according to the National Bureau of Statistics (NBS). Read the full story at https://www.shine.cn/biz/economy/1809302998/ SOURCE: SHINE (11)

Mass unemployment looms large over India growth story

Nobel laureate Paul Krugman has warned that India could end up with huge mass unemployment if it does not grow its manufacturing sector. “There is this concept called artificial intelligence that you should be wary of. In future, while diagnosis may be outsourced to a doctor in India, it could also go to a firm […]

August PMI exceeds expectations

China’s manufacturing activity grew faster than expected in August on improved supply and domestic demand. The official Purchasing Managers’ Index, which measures vitality in the manufacturing sector, rebounded to 51.7 in August from July’s 51.4, the National Bureau of Statistics said yesterday. Read the full story at http://www.shanghaidaily.com/business/economy/August-PMI-exceeds-expectations/shdaily.shtml SOURCE: Shanghai Daily (29)

India to be a major manufacturing hub for automobiles with sales up to 9% up between 2016 and 2017

SOURCE: SIAM By Charles Moreira The Society of Indian Automobile Manufacturers (SIAM) sees India becoming a major manufacturing hub for automobiles, with exports of passenger vehicles likely to grow further. The automotive industry body expects India’s domestic sales of 3,046,727 passenger vehicles between April 2016 and March 2017 to go up 9.23%, over the 2,789,208 […]

‘Make In India’ yet to spur manufacturing, says panel

The Parliament’s Standing Committee on Commerce has questioned the country’s low manufacturing growth despite initiatives such as Make In India, Startup India and FDI reforms that are now more than two years old. Read the full story at http://www.thehindu.com/business/make-in-india-yet-to-spur-manufacturing-says-panel/article19420928.ece SOURCE: The Hindu (32)

India biggest production hub: Honda

Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), the Indian subsidiary of Japanese automotive major Honda, on Wednesday said India had become the company’s biggest production hub for its two-wheelers worldwide with an annual production capacity of 64 lakh (640 000) units from its four plants. Honda also inaugurated its fourth assembly line at its […]

China robots displace workers as wage spiral pressures profits

As he marches through a gritty factory that makes baby strollers and wheels, Hu Chengpeng says finding workers is his number one challenge these days. Turnover at the facility in Hanchuan in Hubei province in central China is running at 20 percent, even while wages have been growing by double digits for his 400-plus workers […]

Huge potential for Indian manufacturing companies in CLMV region

Indian companies in sectors like textiles, agri equipment, pharma and automobile have a huge opportunities to set up manufacturing units in Southeast Asian countries, Union Minister Nirmala Sitharaman said today. The CLMV nations (Cambodia, Laos, Myanmar and Vietnam) enjoy duty benefits under the Generalised Scheme of Preferences (GSPs) of developed countries like the US and […]

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