manufacturing sector in India Current Affairs, GK & News

India overtakes US to become 2nd Most attractive Manufacturing Hub

According to real estate consultant Cushman amp, Wakefield, India has overtaken the United States (US) to become second-most attractive manufacturing destination internationally. Key Points India’s improvement is driven mainly by cost competitiveness. Ranking got switched due to plant relocations from China to other parts of Asia towards already established base in pharma, chemicals and engineering ..

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Udyog Manthan to Focus on Quality and Productivity

The commerce ministry is organising the Udyog Manthan. Under the Udyog Manthan, a series of webinars are being conducted. Highlights The Webinar is focusing on about 45 sectors including the pharma sector and electronics sector. The webinar under the Udyog Manthan is being organised with the focus on quality and productivity in all the major ..

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CCI approves joint venture between Mahindra & Mahindra and Ford Motor

The Competition Commission of India (CCI) has recently approved the formation of Joint Venture (JV) between Mahindra & Mahindra and Ford Motor and the transfer of automotive business of Ford India to the JV. The new venture to be formed would acquire the automotive business of Ford India Pvt Ltd (FIPL), which is a wholly-owned ..

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GDP estimated 5.0 per cent in First Advance Estimates of National Income 2019-20

In accordance with the release calendar of National Accounts, the First Advance Estimates of Gross Domestic Product (GDP) was released by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation on Tuesday, 7th January 2020, the corresponding estimates of Expenditure components of GDP was implemented along with the First Advance Estimates ..

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 Manufacturing Sector improves in December 2019

The London based Global information provider, IHS Markit Limited has reported that the Purchasing Managers’ Index (PMI) of the Indian Manufacturing Sector has risen to 52.7 percent in the last month of 2019. According to the IHS Markit Company, India’s PMI in manufacturing sector during the year 2019 was: 51.2 percent in November, 50.6 percent ..

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