Manufacturing – ICC Sector Watch

According to an industry survey, India’s manufacturing sector is set to sustain its growth momentum for the next 6-9 months

According to an industry survey, India’s manufacturing sector is set to sustain its growth momentum for the next 6-9 months. According to the survey, the existing average capacity utilization in manufacturing is over 70%, which reflects sustained economic activity in the sector. The future investment outlook also slightly improved as compared to the previous quarter…

Manufacturing sector is a high growth sector in India. Under Make in India initiative, India is targeting to become a manufacturing hub by the end of 2030

Manufacturing sector is a high growth sector in India. Under Make in India initiative, India is targeting to become a manufacturing hub by the end of 2030. Capacity utilization in India’s manufacturing sector is estimated at 72% in second quarter of FY22 with a significant growth in post COVID era. According to the market reports, during FY…

India is the fifth largest furniture producer at a global level and the fourth largest consumer of furniture

India is the fifth largest furniture producer at a global level and the fourth largest consumer of furniture. Currently India’s top export destination includes US, Germany, France, UK, Netherlands and Australia. The countries from where India primarily imports are China, Malaysia and Italy. The Government of India is considering a Production Linked Incentive (PLI) scheme for certain…

Government of India’s goal is to make India a significant design and manufacturing hub in Global Value chain for Electronics, as part of its Atmanirbhar Bharat Economic policies

Government of India’s goal is to make India a significant design and manufacturing hub in Global Value chain for Electronics, as part of its Atmanirbhar Bharat Economic policies. To establish India as a global leader in electronics manufacturing, Government of India has launched many flagship schemes. The Scheme for Promotion of Manufacturing of Electronic Components…

India is keen to have the Electronic Vertical Take Off and Landing (eVTOL) aircraft manufacturers use the country as a major manufacturing base

India is keen to have the Electronic Vertical Take Off and Landing (eVTOL) aircraft manufacturers use the country as a major manufacturing base, once all regulatory approvals are in and commercial production starts. According to the Minister of Civil Aviation, Mr. Jyotiraditya Scindia, “the next technology paradigm is going to happen once European Union Aviation…

Labour Bureau, Government of India conducts Quarterly Employment Survey (QES) for establishments having 10 or more workers

Labour Bureau, Government of India conducts Quarterly Employment Survey (QES) for establishments having 10 or more workers. As per the results of the first round for the period April to June 2021, employment increased to 3.08 crore (approximately) in the nine selected sectors of the economy against a total of 2.37 crores, as reported in…