Manufacturing News - Latest Updates & Headlines
India's production showed signs of improvement in last fiscal, current fiscal may witness pressure: Bank of Baroda
New Delhi, April 14: The production in the country showed signs of improvement towards the end of the last financial year, supported by a rise in high-frequency indicators such as the manufacturing PMI, GST collections, and e-way bill generations, according to a report by Bank of Baroda.
Smartphone makers remain cautious over unpredictable US tariff policies
Seoul, April 14: South Korean smartphone and personal computer makers are staying cautious as unpredictable US tariff policies increase uncertainty around their future production strategies.
FDI in India's pharma sector crosses Rs 19,134 crore during 2024-25
New Delhi, April 13: India's pharmaceuticals and medical devices sector has seen a FDI inflow to the tune of Rs 11,888 crore from April to December in the financial year ended on March 31, 2025, apart from which 13 FDI proposals worth Rs 7,246.40 crore for brownfield projects during 2024-25 have been approved, taking the total FDI to Rs 19,134.4 crore, according to figures compiled by the Department of Pharmaceuticals.
India's semiconductor industry likely to double revenue to $108 bn by 2030: Report
New Delhi, April 13: The Indian semiconductor industry's revenues are likely to double from $54 billion to $108 billion between 2025 to 2030, according to a report by financial services firm UBS.
Glenmark, Sun Pharma, Zydus recall medicines in US over manufacturing issues
New Delhi, April 13: Indian drugmakers Glenmark Pharmaceuticals, Sun Pharmaceutical Industries, and Zydus are recalling several medicines from the US market due to manufacturing-related problems, according to a latest report by the US Food and Drug Administration (FDA).
Production of Apple iPhones in India surges 60 pc to Rs 1.89 lakh crore in 2024-25
New Delhi, April 19: Apple India has recorded a 60 per cent jump in iPhone production from its Indian supply chain with a turnover close to Rs 1.89 lakh crore during the financial year ended March 31, 2025, according to industry data.
India's growing role in semiconductor manufacturing takes centrestage at Carnegie's Global Technology Summit
New Delhi, April 12: John Neuffer, President and CEO of the US-based Semiconductor Industry Association (SIA) has highlighted the acceleration of supply chain diversification within the global semiconductor ecosystem, indicating a significant opportunity for India to expand its role in this critical industry.
India's auto component industry to hit USD 145 billion by 2030, exports to triple: NITI Aayog
New Delhi, April 12: India's top policy think tank body NITI Aayog has envisions the country's automotive component production growing to USD 145 billion by 2030, with exports tripling from USD 20 billion to USD 60 billion.
India fast positioning itself as key player in global semiconductor ecosystem
New Delhi, April 12: With rising global demand for semiconductors driven by AI, 5G, EVs, internet of things (IoT) and advanced computing, India is leveraging its talent, policy push and strategic location to become a hub for semiconductor innovation and manufacturing, according to industry experts.
Electronic permits register 20 pc growth at record 124.5 million in March
New Delhi, April 12 (IANS Electronic permits in India reached a record 124.5 million in the month of March, a 20 per cent increase on an annual basis, showing robust factory activity.
India did right in semiconductors, 20% of global workforce here: Semiconductor Industry Association CEO John Neuffer
New Delhi, April 11: India is rapidly emerging as a significant player in the global semiconductor landscape, transitioning from a stronghold in chip design to taking steps toward manufacturing according to John Neuffer, President and CEO of the Semiconductor Industry Association.
Who's going to pay price to bring back manufacturing in US, asks Biocon MD amid possibility of tariffs on pharma
New Delhi, April 11: Siddharth Mittal, CEO and Managing Director of Biocon Limited, on Friday questioned who would pay the price to shift their establishments to the US where pharma manufacturing costs are higher than in India and China.
India's automotive component production to reach $145 bn by 2030: NITI Aayog
New Delhi, April 11: The country's automotive component production is set to grow to $145 billion by 2030, with exports tripling from $20 billion to $60 billion, while generating 2-2.5 million new employment opportunities, a NITI Aayog report projected on Friday.
India's industrial production registers 2.9 per cent growth in February
New Delhi, April 11: India's industrial output, based on the Index of Industrial Production (IIP), posted a 2.9 per cent growth in February this year compared to the same month of the previous year, according to data released by the Ministry of Statistics on Friday.
Smartphones now India's largest export commodity, total production hits Rs 5.24 lakh cr
New Delhi, April 11: Smartphones have now become India's single largest export commodity, crossing an all-time high of Rs 2,00,000 crore in FY25 which is a staggering 55 per cent annual growth, the India Cellular and Electronics Association (ICEA) said on Friday.
Gujarat expands drone manufacturing, training in 19 ITIs
Gandhinagar, April 11: Gujarat is set to expand drone pilot training across 19 Industrial Training Institutes (ITIs) in the state. This initiative, anchored by the government-run institute Kaushalya - The Skill University (KSU), positions the state at the forefront of India's emerging drone education and manufacturing ecosystem.
India's electronics manufacturing value addition jumps to 70%, set to reach 90% by FY27
New Delhi, April 11: India is strengthening its position as a global manufacturing hub, with value addition in electronics manufacturing having increased from 30 per cent to around 70 per cent, and is projected to reach 90 per cent by FY27, according to Axis Capital report.
US companies may relocate from China to India, say exporters
New Delhi, April 10: Indian export leaders are optimistic that the ongoing US-China trade tensions could create significant opportunities for India in both trade and foreign investment, according to statements from key industry figures.
India's electronic manufacturing and export to see robust growth with new components policy: Report
New Delhi, April 10: With the new electronic components manufacturing policy "in place", India's electronic manufacturing will see a value addition of 40 to 50 per cent from the current 15-16 per cent, said a report by Axis Capital."We expect value addition to increase to 40/ 50 per cent from the current 15/ 16 per cent, with a components policy now in place". said the report
5 foreign car brands to recall over 117,000 vehicles for faulty parts
Seoul, April 10: Volvo Car Korea, Mercedes-Benz Korea, Man Truck & Bus Korea and two other foreign car brands will voluntarily recall over 117,000 vehicles due to manufacturing defects, the transport ministry here said on Thursday.
Airbus, Mahindra Aerostructures sign contract for H130 helicopter fuselage manufacturing
New Delhi, April 9: Airbus and Mahindra Aerostructures on Wednesday signed a contract for manufacturing H130 helicopter fuselage, according to a statement from the Civil Aviation Ministry.
New electronics component PLI to boost local manufacturing, create jobs: Industry
New Delhi, April 9: India’s electronics manufacturing sector has received a major boost with the government notifying the much-awaited ‘Electronics Component Manufacturing Scheme' (ECMS), top industry bodies said on Wednesday.
Airbus selects Mahindra Aerostructures for manufacturing H130 helicopter fuselage- A 'Make in India' Milestone
New Delhi, April 9: Mahindra Aerostructures (MASPL), a part of the Mahindra Group, has been awarded a contract by Airbus Helicopters to manufacture and assemble the main fuselage of its H130 light single-engine helicopter with assemblies to be delivered to Airbus Helicopters' facility in Europe starting March 2027, marking a major milestone for India's 'Make in India' initiatives.
Will announce a major tariff on Pharma shortly, says US President Donald Trump
Washington DC, April 9: US President Donald Trump continues to be belligerent on his policy of reciprocal Tariffs despite strong opposition both within the US and outside. On Tuesday night (local time), the US President announced that Tariffs on the Pharma sector were coming soon. The sector has so far been exempt from the Tariffs.
Mahindra-Airbus collaboration a boost to 'Make in India' initiative: Civil Aviation Minister
New Delhi, April 9: The partnership between Airbus and Mahindra Aerostructures marks a significant milestone in India's aviation manufacturing journey and gives a major push to the government's 'Make in India' initiative, Union Civil Aviation Minister Ram Mohan Naidu said on Wednesday.
Component PLI to further boost electronics exports, generate jobs
New Delhi, April 9: As smartphone exports surpassed Rs 2 lakh crore in FY25, with iPhones alone accounting for approximately Rs 1.5 lakh crore, the IT Ministry has notified the Rs 22,919 crore Electronics Components Manufacturing Scheme (ECMS), marking a significant step towards strengthening India's position as a global hub for electronics manufacturing.
Electronic exports have increased more than 6 times in last 10 years: Union Minister Ashwini Vaishnaw
New Delhi, April 8: Union Minister Ashwini Vaishnaw addressing a press conference in the national capital on Sunday said that electronic exports have increased more than six times in the last ten years.
India's mobile phone exports surpass Rs 2 lakh crore: Ashwini Vaishnaw
New Delhi, April 8: India's smartphone exports have reached a historic milestone, crossing Rs 2 lakh crore in the previous fiscal year 2024-25, announced Ashwini Vaishnaw, Minister of Electronics and Information Technology, during a press conference here on Tuesday.
FICCI sports sub-committee for Uttar Pradesh makes impactful debut
Ghaziabad, April 8: In a milestone moment for India’s sports economy, IMT Ghaziabad in association with the newly constituted FICCI Sports Committee - Uttar Pradesh Chapter hosted a high-impact Round Table Discussion on the Sports Goods Manufacturing Industry of Uttar Pradesh. The event marked not just a critical policy dialogue, but also the powerful debut of the UP Chapter of the FICCI Sports Committee, setting the tone for transformative industry engagement in the region.
PLI push: India's smartphone exports cross Rs 2 lakh crore for 1st time in FY25
New Delhi, April 8: India's smartphone exports touched a new milestone in the financial year 2024-25 (FY25), as it crossed Rs 2 lakh crore for the first time, Union Minister for Electronics and IT, Ashwini Vaishnaw, said on Tuesday.
Apple may export more iPhones from India amid global uncertainties: Report
New Delhi, April 8: Tech giant Apple is planning to increase its iPhone exports from India to the United States in an effort to avoid the high tariffs placed on Chinese goods.
US tariffs: India's tech hardware sector likely to gain over China, Vietnam
New Delhi, April 8: With China facing a 34 per cent US tariff and Vietnam 46 per cent, India's relatively lower tariff of 27 per cent may shift supply chain dynamics, helping the domestic tech hardware sector grow further, according to a new report.
Piyush Goyal urges Indian businesses to embrace economic nationalism
New Delhi, April 8: The Commerce and Industry Minister Piyush Goyal called on Indian businesses to embrace "economic nationalism" by supporting domestic suppliers rather than opting for marginally cheaper imports.
Rs 25,000 crore work share for private sector firms in HAL's mega 156 combat helicopter deal
New Delhi, April 6: Having secured the mega 156 Light Combat Helicopter deal for the Indian Army and Air Force, Hindustan Aeronautics Limited (HAL) is looking to outsource work worth around Rs 25,000 crore to the private sector firms.
Solar power can save up to 10% for steel sector companies: Ember report
New Delhi, April 6: Solar power offers a massive opportunity for steel sector companies to reduce their production costs, with potential savings reaching up to 10 percent for certain operations, said energy think tank Ember in a recent report.
Samsung seeks ways to cushion blow from US tariffs
Seoul, April 6: Tech giant Samsung Electronics may need to overhaul its global production strategy as new US reciprocal tariffs could significantly affect its smartphone business, industry sources said on Sunday.
Gujarat CM Bhupendra Patel inaugurates India's first geared electric motorbike plant in Ahmedabad
Gandhinagar, April 5: Gujarat Chief Minister Bhupendra Patel has inaugurated the country's first geared electric motorbike plant, set up by MATTER Company at Changodar, Ahmedabad.
Rajasthan implements Textile and Apparel Policy 2025 amid US reciprocal tariffs
Jaipur, April 5: The Rajasthan government on Saturday implemented the Textile and Apparel Policy 2025 amid US reciprocal tariffs.
SBI report urges India to expand PLI scheme as Trump announces reciprocal tariffs
New Delhi, April 5: According to a report by the State Bank of India (SBI), India should strengthen its Production-Linked Incentive (PLI) schemes in light of growing global trade competitiveness, especially after U.S. President Donald Trump announced reciprocal tariffs on several countries, including India.
US VP JD Vance reverses trade stance, now defends Trump's tariffs
Washington, DC, April 5: US Vice President JD Vance is now a public champion of the Trump administration's protectionist trade agenda, CNN reported, despite having previously criticised tariffs and doubted that such policies would bring back manufacturing jobs.