#indianproductions

Union Government approves Rs 1.46 lakh crore PLI scheme for 10 key sectors with the aim of transforming India into a manufacturing hub

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In a big boost to Atmanirbhar Bharat campaign, the Union Cabinet chaired by the PM Narendra Modi today gave its approval to introduce the Production-Linked Incentive (PLI) Scheme in 10 key sectors for enhancing India’s manufacturing capabilities and enhancing exports. “The policy that we are taking in the PLI, through which we want the manufacturers to come into India, … Read more

What they never told you when they said India was the worst performing emerging economy

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How would you like to see India’s GDP grow at double digit rates? Sure, you would love that. Suppose then that India’s (real) GDP growth soars to 10%. Add to that say 4% inflation, leading to nominal GDP growth of 14%. Fantastic! I wish… Just one catch. In return for this 14% nominal GDP growth, … Read more

‘Will they give livelihood 100 million farmers’: Amul MD responds to PETA India for asking them to use ‘vegan milk’ after losing a case to Amul

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For the last several days, Islamist propaganda organisation PETA has been targeting Indian dairy giant Amul, asking them to switch to plant-based products from milk. Responding to their appeal, today GCMMF managing director R S Sodhi asked who will provide employment to 10 crore people who depend on the cooperative dairy sector, if the company … Read more

India’s merchandise exports witnessed an increase of 67.38% in May, trade deficit narrows to an eight-month low

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Ministry of Commerce & Industry has announced that India’s merchandise exports in May 2021 increased by 67.39% over May 2020. At $32.21 billion, the growth was driven by sectors such as engineering, pharmaceuticals, petroleum products and chemicals, as per the commerce ministry’s press release. On the other hand, imports in May rose by 68.54% to $38.53 billion … Read more

India’s manufacturing sector sees the strongest rate of growth in July in recent months: IHS Markit survey

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As per the IHS’s recently released monthly Survey, India’s manufacturing sector witnessed the strongest growth in the manufacturing sector in July in the last three months.  Asserting the strongest growth rate, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 48.1 in June to 55.3 in July. It is imperative to note that … Read more

Make in India: Luggage maker Samsonite to expand its Nashik plant to make India its largest manufacturing base

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Samsonite, the well-known global luggage manufacturer and retailer intends to expand its production capacity in India by establishing the largest manufacturing operation in Maharashtra’s Nashik district. The corporation has two operating units in Belgium and Hungary in Europe. According to Jai Krishnan who is the CEO of Samsonite South Asia Pvt. Ltd in India, the … Read more

India becomes atmanirbhar in the toy industry, imports from China reduces by over 70% in recent years

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As part of the Local for Vocal initiative, India is making a strong course correction in the toy manufacturing ecosystem. The country’s massive toy demand was till recent years met mainly through imports, largely from neighbouring China. India’s toy imports from China have reduced by an estimated 70 per cent over the recent years. Policy … Read more