Manufacturing Sector in India, Manufacturing Industry, Indian Industries

Manufacturing Sector in India, Manufacturing Industry, Indian Industries

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  12/15/2016 Manufacturing Sector in India, Manufacturing Industry, Indian Industries 1/6 SEARCH Search type here BROWSE MEDIATRENDSREPORTS   Brand India    Industry    Manufacturing Sector in India MANUFACTURING EXPLORE OTHER INDUSTRIES The capital goods industryemploys 1.4 million of people and is estimated toemploy 2.8 million by 2017. Manufacturing Manufacturing Sector in India Latest update: November, 2016   Electronics exports have outpacedtotal production Cumulative FDI inflows into theelectronics sector, including computer hardware and software, increased at aCAGR of 13.56 per cent, with the valueincreasing from US$ 9.8 billion in FY10to US$ 21.02 billion in FY16Demand growth, supply advantages,and policy support have beeninstrumental in attracting FDI Industr y BROWSE: AGRICULTURE (HTTP://WWW.IBEF.ORG/INDUSTRY/AGRICULTURE-INDIA.ASPX)AUTOMOBILES (HTTP://WWW.IBEF.ORG/INDUSTRY/INDIA-AUTOMOBILES.ASPX)AUTO COMPONENTS (HTTP://WWW.IBEF.ORG/INDUSTRY/AUTOCOMPONENTS-INDIA.ASPX)AVIATION (HTTP://WWW.IBEF.ORG/INDUSTRY/INDIAN-AVIATION.ASPX)BANKING (HTTP://WWW.IBEF.ORG/INDUSTRY/BANKING-INDIA.ASPX)BIOTECHNOLOGY (HTTP://WWW.IBEF.ORG/INDUSTRY/BIOTECHNOLOGY-INDIA.ASPX)CEMENT (HTTP://WWW.IBEF.ORG/INDUSTRY/CEMENT-INDIA.ASPX)CONSUMER MARKETS (HTTP://WWW.IBEF.ORG/INDUSTRY/INDIAN-CONSUMER-MARKET.ASPX)EDUCATION AND TRAINING (HTTP://WWW.IBEF.ORG/INDUSTRY/EDUCATION-SECTOR-INDIA.ASPX)ENGINEERING (HTTP://WWW.IBEF.ORG/INDUSTRY/ENGINEERING-INDIA.ASPX)FINANCIAL SERVICES (HTTP://WWW.IBEF.ORG/INDUSTRY/FINANCIAL-SERVICES-INDIA.ASPX)FOOD INDUSTRY (HTTP://WWW.IBEF.ORG/INDUSTRY/INDIAN-FOOD-INDUSTRY.ASPX)GEMS AND JEWELLERY (HTTP://WWW.IBEF.ORG/INDUSTRY/GEMS-JEWELLERY-INDIA.ASPX)HEALTHCARE (HTTP://WWW.IBEF.ORG/INDUSTRY/HEALTHCARE-INDIA.ASPX)INFRASTRUCTURE (HTTP://WWW.IBEF.ORG/INDUSTRY/INFRASTRUCTURE-SECTOR-INDIA.ASPX)INSURANCE (HTTP://WWW.IBEF.ORG/INDUSTRY/INSURANCE-SECTOR-INDIA.ASPX)IT & ITES (HTTP://WWW.IBEF.ORG/INDUSTRY/INFORMATION-TECHNOLOGY-INDIA.ASPX)MANUFACTURING (HTTP://WWW.IBEF.ORG/INDUSTRY/MANUFACTURING-SECTOR-INDIA.ASPX)  ALL SEARCH  12/15/2016 Manufacturing Sector in India, Manufacturing Industry, Indian Industries 2/6 MEDIA AND ENTERTAINMENT (HTTP://WWW.IBEF.ORG/INDUSTRY/MEDIA-ENTERTAINMENT-INDIA.ASPX)OIL AND GAS (HTTP://WWW.IBEF.ORG/INDUSTRY/OIL-GAS-INDIA.ASPX)PHARMACEUTICALS (HTTP://WWW.IBEF.ORG/INDUSTRY/PHARMACEUTICAL-INDIA.ASPX)REAL ESTATE (HTTP://WWW.IBEF.ORG/INDUSTRY/REAL-ESTATE-INDIA.ASPX)RESEARCH AND DEVELOPMENT (HTTP://WWW.IBEF.ORG/INDUSTRY/RESEARCH-DEVELOPMENT-INDIA.ASPX)RETAIL (HTTP://WWW.IBEF.ORG/INDUSTRY/RETAIL-INDIA.ASPX)SCIENCE AND TECHNOLOGY (HTTP://WWW.IBEF.ORG/INDUSTRY/SCIENCE-AND-TECHNOLOGY.ASPX)SEMICONDUCTOR (HTTP://WWW.IBEF.ORG/INDUSTRY/SEMICONDUCTORS.ASPX)GET NEWS ALERTS Last Updated: December 15, 2016Cipla to set up manufacturing facility for pharmaceuticals in Iran( to start manufacturing refrigerators in India( steps up India focus('s biggest carmaker to drive into India( removes excise duty on PoS machine manufacturing to ease cash flow( GE is interested in commercialand military aviation,renewables, oil, gas and seesbig opportunity in making inIndia. Jeffery Immelt Chairman, General Electric RELATED NEWS MORE (HTTP://WWW.IBEF.ORG/NEWS/INDUSTRY-NEWS/MANUFACTURING-SECTOR-INDIA) SNAPSHOT (HTTP://WWW.IBEF.ORG/INDUSTRY/MANUFACTURING-SECTOR-IN-INDIA)SHOWCASE (HTTP://WWW.IBEF.ORG/INDUSTRY/MANUFACTURING-SECTOR-INDIA/SHOWCASE)PRESENTATION (HTTP://WWW.IBEF.ORG/INDUSTRY/CHEMICALS-PRESENTATION) Last Updated: December, 2016 CHEMICALS SECTOR REPORT (HTTP://WWW.IBEF.ORG/DOWNLOAD/CHEMICALS-DECEMBER-20161.PDF) | DECEMBER,2016 (  12/15/2016 Manufacturing Sector in India, Manufacturing Industry, Indian Industries 3/6  ELECTRONICS SECTOR REPORT (HTTP://WWW.IBEF.ORG/DOWNLOAD/ELECTRONICS-DECEMBER-2016.PDF) |DECEMBER, 2016 Introduction Manufacturing has emerged as one of the high growth sectors in India. Prime Minister of India, Mr Narendra Modi,had launched the ‘Make in India’ program to place India on the world map as a manufacturing hub and give globalrecognition to the Indian economy.India’s ranking among the world’s 10 largest manufacturing countries has improved by three places to sixth positionin 2015 .The Government of India has set an ambitious target of increasing the contribution of manufacturing output to 25 per cent of Gross Domestic Product (GDP) by 2025, from 16 per cent currently. Market Size India’s manufacturing sector has the potential to touch US$ 1 trillion by 2025. There is potential for the sector toaccount for 25-30 per cent of the country’s GDP and create up to 90 million domestic jobs by 2025. Businessconditions in the Indian manufacturing sector  continue to remain positive. Investments In a major boost to the 'Make in India' initiative, the Make in India week which was held in Mumbai between February13 and 18, 2016, received an overwhelming response from investors. The fair had closed with INR 15.2 trillion (US$225.32 billion) in investment commitments.With the help of Make in India drive, India is on the path of becoming the hub for hi-tech manufacturing as globalgiants such as GE, Siemens, HTC, Toshiba, and Boeing have either set up or are in process of setting upmanufacturing plants in India, attracted by India's market of more than a billion consumers and increasing purchasingpower.In September 2016, Foreign Direct Investment (FDI) in electronic manufacturing has reached an all-time high of Rs123,000 crore (US$ 18.36 billion) in 2016, from Rs 11,000 crore (US$ 1.65 billion) in 2014; on the back of enablingpolicies of the government and its Make in India initiative.India has become one of the most attractive destinations for investments in the manufacturing sector. Some of themajor investments and developments in this sector in the recent past are:Huawei, the China-based smartphone manufacturer, has entered into an agreement with solutions provider Flextronics Technologies (India) Private Limited, to manufacture its smartphones in India. Flextronics would startby making 3 million smart phones at its facility in Chennai and is expected to generate additional 1,500 jobs.Tristone Flowtech Group, the Germany-based flow technology systems specialist, has set up a new facility inPune, which will manufacture surge tank as well as engine cooling and aircharge hose for the Indian market. The # X  by DNSUnlocker  ( ✖  12/15/2016 Manufacturing Sector in India, Manufacturing Industry, Indian Industries 4/6 company plans to start the production at the plant in the fourth quarter of 2017.Tata Power has partnered with US-based Javelin Joint Venture, which is a partnership between RaytheonCompany and Lockheed Martin, for its Strategic Engineering Division (SED), in order to create a strategy to co-develop and produce the Javelin missile system and integrate platform mounts to meet Indian requirements.LeEco, a Chinese technology company, has entered into a partnership with Compal Technologies and investedUS$ 7 million to set up manufacturing facility at Greater Noida in order to start manufacturing Le2 smartphones inIndia.Zopo Mobile, a China-based smartphone manufacturer, plans to invest Rs 100 crore (US$ 15 million) to set up amanufacturing plant in Noida by the end of 2016, which will have a monthly production capacity of 100,000 units.Honda Motorcycle & Scooter India plans to invest around Rs 600 crore (US$ 88.94 million) to add a new line at itsNarsapura facility at Karnataka, and launch at least 10-15 products during FY 2016-17 in the country.Force Motors, a utility and commercial vehicles manufacturer, inaugurated its Rs 100 crore (US$ 14.82 million)manufacturing facility in Pune, which will supply engines and axles to the Germany-based automobilemanufacturer Mercedes-Benz.Boeing Company, an American plane maker, and Tata Advanced Systems Ltd (TASL), a fully owned subsidiary of Tata Sons, have entered into a joint venture to set up a new facility in Hyderabad to manufacture Boeing AH-64 Apache helicopter fuselages.Panasonic Corporation plans to set up a new manufacturing plant for refrigerators in India with an investment of Rs 250 crore (US$ 37 million), and also invest around Rs 20 crore (US$ 3 million) on an assembly unit for lithiumion batteries at its existing facility in Jhajjar in the next 8-10 months.Vital Paper Products, one of the major supply chain players in the paper and paper products industry, plans to setup a packaging product unit in the Special Economic Zone (SEZ) of Sri City, Andhra Pradesh, at an investment of Rs 60 crore (US$ 8.89 million), which will be operational from April 2017.Isuzu Motors, the Japan-based utility vehicle manufacturer, has inaugurated its greenfield manufacturing unit inSri City, Andhra Pradesh, which was set up for Rs 3,000 crore (US$ 444.72 million), with an annual productioncapacity of 50,000 units and is estimated to generate around 2,000-3,000 jobs. Airbus has procured more than US$ 500 million worth of supplies from India in 2015, registering a growth of 15 per cent annually and has targeted a cumulative procurement of more than US$ 2 billion over a period of five years upto 2020.Havells India Limited, one of the top Indian consumer electrical equipment producer, plans to set up a newmanufacturing unit near Bengaluru by making an investment of Rs 1,059 crore (US$ 156.99 million), which wouldbe its twelfth plant in India and its first outside north India.Global beverage company Pepsi plans to invest Rs 500 crore (US$ 74 million) to set up another unit inMaharashtra to make mango, pomegranate and orange-based citrus juices, while biotechnology giant Monsantoplans to set up a seed plant in Buldhana district of Maharashtra.Hindustan Coca-Cola Beverages plans to set up a bottling plant with an investment of Rs 750 crore (US$ 111.2million) in phases at the first industrial area being developed by Government of Madhya Pradesh under the publicprivate partnership in Babai village of Hoshangabad, Bhopal.Canada’s Magna International Incorporated has started production at two facilities in Gujarat’s Sanand, which willsupply auto parts to Ford Motor Co in India and will employ around 600 people at both units. Government Initiatives In a bid to push the 'Make in India' initiative to the global level, Mr Narendra Modi, Prime Minister of India, pitchedIndia as a manufacturing destination at the World International Fair in Germany's Hannover in 2015. Mr Modishowcased India as a business friendly destination to attract foreign businesses to invest and manufacture in thecountry.The Government of India has taken several initiatives to promote a healthy environment for the growth of manufacturing sector in the country. Some of the notable initiatives and developments are:The National Institution for Transforming India (NITI Aayog), after its recent push for Rs 6,000 crore (US$ 889million) textile sector package, aims to persuade the Government for similar support in the manufacturing sectorswith large-scale employment generation opportunities, such as electrical and electronics engineering, footwear and light manufacturing segments, which also have export potential.The Ministry of Labour and Employment plans to relax compliance measures for MSMEs by exempting them frominspections related to key labour laws in order to encourage entrepreneurs to help promote manufacturing in India.  ( ✖
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