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Searched Tag: manufacturing sector

The Indian government is reportedly considering easing investment restrictions on certain Chinese firms. This potential policy shift is expected to provide a significant boost to India’s manufacturing sector.

India may ease investment rules for Chinese firms

July 25, 2024, 11:55 AM - 2 min read

According to a report by Bloomberg, discussions are underway to possibly grant exemptions to Chinese companies in high-tech sectors such as solar modules and critical minerals. Ministry of Commerce and Industry, along with other security-related departments, is currently examining the feasibility and implications of such exemptions.

India’s manufacturing sector saw a notable uptick in June, with the Manufacturing Purchasing Managers' Index (PMI) climbing to 58.3 from a three-month low of 57.5 in May.

India's June manufacturing PMI rises to 58.3

July 1, 2024, 12:49 PM - 2 min read

“As a consequence of ongoing increases in new order intakes, firms stepped up recruitment. The rate of job creation was sharp and the strongest seen since data collection started in March 2005. Staff expenses reportedly intensified in June, which coupled with rising material and transportation costs caused another overall increase in operating expenses,” the report noted.

India rises as promising chipmaking hub, rivaling China

India rises as top chipmaking equipment hub

June 14, 2024, 03:51 PM - 2 min read

The chipmaking equipment industry is expanding in India due to tensions between China and the West. SEMI's first Semicon exhibition in India will feature major companies, reflecting India's growing semiconductor market, projected to reach $64 billion by 2026, as the country becomes a key semiconductor hub.

India manufacturing eases in May; Exports hit 13-year high

India manufacturing growth eases in May

June 3, 2024, 02:02 PM - 2 min read

India's manufacturing sector growth slowed in May but remained in expansion, with the PMI at 57.5, driven by strong global sales despite reduced working hours due to heatwaves and rising production costs.

India's manufacturing sector has reached a significant benchmark, recording its strongest growth in 16 years during March.

India's manufacturing PMI reaches 59.1, highest level since 2008

April 2, 2024, 04:29 PM - 2 min read

Manufacturing PMI in March touches 59.1: "The notable improvement in operating conditions reflected stronger growth of new orders, output and input stocks as well as renewed job creation,” said S&P.

India may ease investment rules for Chinese firms

India's June manufacturing PMI rises to 58.3

India rises as top chipmaking equipment hub

India manufacturing growth eases in May

India's manufacturing PMI reaches 59.1, highest level since 2008

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