India's Manufacturing Sector Thrives: Government Report

14 Mar 2024 CW Team

Furthermore, the report underscores the role of government initiatives and policies in driving growth in the manufacturing sector. Initiatives such as Make in India have played a crucial role in promoting domestic manufacturing and attracting foreign investment into the sector. Additionally, the government's focus on infrastructure development and ease of doing business reforms has created a conducive environment for manufacturing activities in the country.

The report also highlights the positive impact of technological advancements on the manufacturing sector. The adoption of technologies such as automation, artificial intelligence, and Internet of Things (IoT) has led to improvements in productivity, efficiency, and quality in manufacturing processes. This technological transformation is expected to further propel the growth of the sector in the coming years.

In terms of employment generation, the manufacturing sector continues to be a significant contributor to job creation in India. The expansion of manufacturing activities has led to the creation of millions of jobs across various skill levels, thereby contributing to socio-economic development and poverty alleviation.

Overall, the report paints a promising picture of India's manufacturing sector, showcasing its resilience, adaptability, and growth potential. With continued government support, technological innovation, and investment in infrastructure, the manufacturing sector is poised to play a pivotal role in India's economic growth and development journey.

According to a recent report released by the Indian government, the country's manufacturing sector is witnessing significant growth and development. The report highlights various key indicators that point towards a thriving manufacturing industry in India. One of the key findings of the report is the increase in the production output across different segments of the manufacturing sector. This surge in production output is indicative of the sector's resilience and its ability to adapt to changing market dynamics. Furthermore, the report underscores the role of government initiatives and policies in driving growth in the manufacturing sector. Initiatives such as Make in India have played a crucial role in promoting domestic manufacturing and attracting foreign investment into the sector. Additionally, the government's focus on infrastructure development and ease of doing business reforms has created a conducive environment for manufacturing activities in the country. The report also highlights the positive impact of technological advancements on the manufacturing sector. The adoption of technologies such as automation, artificial intelligence, and Internet of Things (IoT) has led to improvements in productivity, efficiency, and quality in manufacturing processes. This technological transformation is expected to further propel the growth of the sector in the coming years. In terms of employment generation, the manufacturing sector continues to be a significant contributor to job creation in India. The expansion of manufacturing activities has led to the creation of millions of jobs across various skill levels, thereby contributing to socio-economic development and poverty alleviation. Overall, the report paints a promising picture of India's manufacturing sector, showcasing its resilience, adaptability, and growth potential. With continued government support, technological innovation, and investment in infrastructure, the manufacturing sector is poised to play a pivotal role in India's economic growth and development journey.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..