All posts tagged: manufacturing sector

Maharashtra govt has signed MoUs worth Rs 4,080 cr in electronic, logistics: CM

Maharashtra govt has signed MoUs worth Rs 4,080 cr in electronic, logistics: CM

Chief Minister Devendra Fadnavis on Friday said Maharashtra has a unique opportunity to emerge as a leader in electronics manufacturing and modern logistics. Speaking at the signing of two Memorandums of Understanding (MoUs) at his official residence, Varsha, Fadnavis assured investors that the state government would act as a partner in their growth journey. “The government`s role is to help create a complete industrial ecosystem in the state. Entrepreneurs should consider the government as their partner in this journey,” he said. The agreements were signed between the Maharashtra government and leading electronics manufacturing company Jabil, as well as Dubai-based RSA Global, an official statement said. Major boost for industry and employment  It said that the two projects together are expected to bring investments worth Rs 4,080 crore to the state and generate around 4,750 direct and indirect employment opportunities. According to CM Fadnavis, the investments will boost industrial growth, strengthen export capabilities and improve modern logistics infrastructure in Maharashtra. He said the projects would also create high-skilled jobs and further enhance the state`s position as …

India budget ‘tactical’, not ‘breakthrough’, Moody’s Ratings says| India News

India budget ‘tactical’, not ‘breakthrough’, Moody’s Ratings says| India News

India’s annual federal budget was “tactical” but not a “breakthrough”, Moody’s Ratings said in its reaction to a government roadmap for the next financial year. Finance Minister Nirmala Sitharaman shows the digital tablet, enclosed in a traditional red ‘bahi-khata’ style pouch, at the Parliament premises before presenting of the �Union Budget 2026-27�, in New Delhi, Sunday, Feb. 1, 2026. (PTI) Planned fiscal consolidation, which will bring the budget gap to 4.3% from 4.4% in the current year, will not change India’s credit profile, Christian de Guzman, senior vice president at Moody’s Ratings, told Reuters. “(Despite India’s) lengthening track record of deficit consolidation or fiscal discipline, this deficit is still wider than what it was prior to COVID,” Guzman said. “We haven’t seen the fiscal metrics improve sufficiently enough to actually change the credit profile,” he said. The economy is forecast to grow 7.4% in the current financial year, with inflation likely to be near 2%. The fiscal deficit for the year is set to be 4.4% of gross domestic product. Also Read | No big …

Unlocking productivity key to India’s manufacturing ambitions

Unlocking productivity key to India’s manufacturing ambitions

India’s manufacturing sector is key to its 2047 Viksit Bharat dream, but its factories need a technology-led transformation so they can deliver on their promise to drive the country’s emergence as a fully developed nation. GDP (Illustration: Abhimanyu Sinha) Manufacturing currently accounts for about 17% of India’s overall GDP. But the sector’s share needs to grow to a quarter of overall GDP, if the country is to achieve its aim of establishing itself as a fully developed $30 trillion economy by 2047. Initiatives like Make in India and the rollout of policies like the National Manufacturing Mission and Production Linked Incentive (PLI) schemes have sped up the sector’s advance. But there are still gaps we need to address to unlock India’s potential as a manufacturing power. This can be achieved by two means – adding capacity and improving productivity. India does need to boost factory capacity. Building more factories means it can produce more and thereby grow the manufacturing sector’s share of GDP. Adding capacity, however, is only part of the solution. There is, after …

Rahul Gandhi’s fresh salvo at PM Modi: ‘Acknowledge that Make in India…’ | Latest News India

Rahul Gandhi’s fresh salvo at PM Modi: ‘Acknowledge that Make in India…’ | Latest News India

Leader of Opposition in the Lok Sabha Rahul Gandhi on Tuesday launched a fresh attack on Prime Minister Narendra Modi, saying the latter must accept that his Make in India initiative failed. Leader of the Opposition (LoP) in Lok Sabha Rahul Gandhi(ANI) Reacting to Modi’s reply to the Motion of Thanks to the President, the Congress MP said the PM didn’t mention ‘Make in India’ in his speech. “Prime minister, in your speech, you didn’t even mention ‘Make in India’! The prime minister should acknowledge that ‘Make in India’, although a good initiative, is a failure. Manufacturing has fallen from 15.3 per cent of GDP in 2014 to 12.6 per cent — the lowest in the last 60 years,” Gandhi said in a post on X. In his speech, Rahul Gandhi on Tuesday said Make in India was a good idea but it failed. “India’s youth desperately need jobs. No government in recent times, UPA or NDA, has been able to meet this national challenge at scale. We need a vision to address what’s holding …