Manufacturing Current Affairs - 2019

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PMI Reports Manufacturing Growth at Six Month Low

The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) make the following observations: Amid slender increases in new orders and production, manufacturing activities slowed down to a six-month low in March, reflecting a loss of growth momentum. The PMI slipped from 54.3 in February to 52.6 in March. The PMI score at 52.6 was a six-month low Read More…

Month:  Categories: Reports & Indices

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India launches third IT corridor in China

India has launched its third IT corridor in China. The corridor will facilitate partnerships between Indian and Chinese companies. National Association of Software and Services Companies (NASSCOM) entered into a partnership with China’s Xuzhou city from Jiangsu Province in China to help develop the IT corridor. IT Corridor IT corridor facilitates partnerships between Indian and Read More…

Month:  Categories: International

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Index of Industrial Production of November: Key Facts

The Index of Industrial Production for the month of November has been released by the Central Statistical Office, under the Ministry of Statistics and Programme Implementation. The Index of Industrial Production (IIP) provides details about the growth of various sectors in an economy such as mineral mining, electricity and manufacturing. IIP is a composite indicator that Read More…

Month:  Categories: Reports & Indices

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Projects for Defence Industrial Corridor launched in Aligarh, UP

The projects for defence industrial corridor in Aligarh, Uttar Pradesh were launched recently by Union Defence Minister Nirmala Sitharaman and Uttar Pradesh Chief Minister Yogi Adityanath. It was launched as part of the Union Government’s efforts to develop specialised zones dedicated to defence production in the state. Key Facts As part of defence corridor in Read More…

Month:  Categories: Defence & Security

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IIP expands at 7.5% in January 2018

According to data released by the Central Statistics Office (CSO), India’s factory output, measured by Index of Industrial Production (IIP) recorded overall 7.5% growth in January 2018, indicating early signs of industrial revival. Factory output grew at 7.1% in December 2017, before hitting 25-month high of 8.4% in November 2017. The cumulative IIP growth for Read More…

Month:  Categories: Business, Economy & Banking

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India ranks 30th on WEF’s Global Manufacturing Index

The World Economic Forum (WEF) has ranked India at 30th position among 100 countries on its Global Manufacturing Index (GMI). The index was released as part of WEF’s first Readiness for the future of production Report which analysed development of modern industrial strategies and urges collaborative action. Readiness for future of production Report The report Read More…

Month:  Categories: Reports & Indices

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India’s first Electronic Manufacturing Cluster to be set up in Andhra Pradesh

India’s first Electronic Manufacturing Cluster (EMC) will be coming to Andhra Pradesh. EMC has been designed and developed for providing facilities and amenities for manufacturing mobiles and allied products. The Union Government, through Ministry of Electronics and Information Technology (MeiTY) in 2012 had announced about setting up EMC in India, with grant-in-aid for establishing such Read More…

Month:  Categories: Business, Economy & Banking

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