Tag: Manufacturing

Design led manufacturing under Production Linked Incentive (PLI) Scheme for Promoting Telecom and Networking Products Manufacturing in India

Department of Telecommunications(DoT) had notified the Production Linked Incentive (PLI) Scheme on 24th February 2021, with a financial outlay of ₹ 12,195 Crores. A total of 31 companies, comprising of 16 MSMEs and 15 Non-MSMEs including 8 Domestic and 7 Global companies were given approval on 14th October,2021. With the objective to build a strong ecosystem for 5G, the Union Budget 2022-23 has proposed to launch a Scheme for design-led manufacturing as part of the existing PLI Scheme. After consultations with stakeholders, the Guidelines for the PLI Scheme for Telecom & Networking Products have been ... Read more

Status of Jobs in Manufacturing Sector

As per the Economic Survey Reports, estimated employment in Manufacturing Sector in India was 5.7 crore in 2017-18, 6.12 crore in 2018-19 which was further increased to 6.24 crore in 2019-20. Labour Bureau under the Ministry of Labour & Employment conducts Quarterly Employment Survey (QES) as part of All India Quarterly Establishment based Employment Survey for establishments having 10 or more workers.  As per the results of the first round for the period April to June 2021, employment increased to 3.08 crore (approximately) in the nine selected sectors of the economy against a total of ... Read more

Brecher Manufacturing Opens New High Volume Production Division

 The company started back in 2014 as a prototyping company and just shifted the strategy to an Integrator as there was a need identified in the market, someone who could provide the entire solution in every stage of a product. A prime example of the customers the company helps is a company or entrepreneur looking to product a part. Brecher Manufacturing would take that part already designed and take it to a DFM process during the product development stage, to then get into production with whatever method that best suits the volume needed for that part, whether it is plastic ... Read more

JSP Pharmaceutical Manufacturing (SET: JP) debuts shares on MAI

JSP Pharmaceutical Manufacturing (Thailand) PCL (SET: JP), a developer, manufacturer and distributor of modern and traditional medicines, herbal products and nutritional supplements, is debuting on the MAI today. JSP is ready to pursue growth through developing new products under own brands, aiming for higher profit margins by boosting own brand sales to 50% of total sales of all products, while increasing capacity, improving capital management efficiency, expanding OEM production, and ultimately leading in the R&D, production and distribution of medicines and nutritional supplements. Dr. Sittichai Daengprasert, Chief Executive Officer of JSP Pharmaceutical Manufacturing (Thailand) PCL, whose shares will begin trading ... Read more

Close to half of Manufacturing & Supply Chain Professionals in Southeast Asia Perceive their Companies to be Lagging the Industry in Digital Transformation

Almost half of the respondents, around 46.6%, believed that their own companies fell behind the industry average when it comes to utilising digital tools as part of business processes, according to a survey conducted by AIBP and Oracle from March to April. The survey counted 193 professionals*, mainly from IT, innovation & business backgrounds in manufacturing and supply chain companies across the largest economies in Southeast Asia: Singapore, Indonesia, Malaysia, Thailand, Philippines & Vietnam.The manufacturing industry plays a significant role in local economies of Southeast Asian countries, contributing more than 20% of Gross Domestic Products in markets like Singapore, Indonesia, ... Read more