Manufacturing

Prime Minister Narendra Modi on Monday interacted with key industries, startups and academia from the space sector and expressed that India will soon become a manufacturing hub of space assets. PM Modi in a video conference underlined the significance of the space sector in communication and navigation and assured the participants that they will be co-passengers with ISRO in this age of space research. He said that the decision to unlock...

TVS Srichakra announces Rs 1,000 Cr expansion plan TVS Srichakra Ltd., an Indian manufacturer of 2 & 3 wheeler tyres and off-highway tyres, announced its planned capital expenditure of 1,000 crore to ramp up manufacturing in its Madurai and Pantnagar plants. This investment is planned to be made over a three-year period. The investment, when fully made, will result in an increase in 2 & 3 wheeler tyre capacity by...

India's manufacturing PMI slips to 3-month low in Nov India's manufacturing sector lost growth momentum in November, as a slower order flow and COVID-related restrictions impacted output. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell from 58.9 in October to a three-month low of 56.3 in November, indicating that the manufacturing sector growth remained strong, despite losing traction.