Author: Dipalee Singh

| The expansion of the manufacturing sector is led by industries like electronics manufacturing, automotive, textiles, and chemicals. TeamLease Services, India’s leading staffing solutions company revolutionizing employment and workforce dynamics, has released its latest report, “A Staffing Perspective on Manufacturing.” The report provides an extensive analysis of the manufacturing sector’s contractual workforce, revealing key trends, challenges, and opportunities. As the manufacturing sector aims to achieve a $1 trillion valuation by 2025-26, addressing workforce dynamics will be pivotal in ensuring sustained growth. This growth is led by strategic government initiatives, technological advancements, and an evolving workforce landscape. The report highlights how diverse…

Author: Pallav Doshi, Whole -Time Director and MD of Essen Speciality Films Limited India’s decorative industry is experiencing a transformative phase, driven by rapid urbanization, increasing disposable incomes, and a heightened demand for aesthetically appealing spaces. Globally, the decorative plastic and paper laminate market was valued at $79.75 billion in 2022 and is projected to reach $112.96 billion by 2029, growing at a CAGR of 5.1%. As homes, offices, and commercial spaces continue to prioritize personalization and conscious aesthetics, industry leaders like Essen Speciality Films Ltd, a leading manufacturer of sustainable plastic products for home décor and home furnishing industry…

| Production capacity grows by 25%, creating 200 new jobs with advanced, greener technologies. ABB India, a global leader in automation and digital technologies for process industries and PwC India have announced their strategic alliance to deliver transformative solutions across sectors in digital operations, cybersecurity, and ESG (Environmental, Social, and Governance) initiatives. This collaboration reflects a shared commitment to empower organizations with advanced digital solutions, enhanced by AI and machine learning, helping them stay ahead of the curve and achieve sustainable business outcomes. The alliance will focus on leveraging ABB’s advanced digital solutions and PwC India’s deep consulting expertise to help…

| Production capacity grows by 25%, creating 200 new jobs with advanced, greener technologies. JCBL Marrel Tippers Limited (JML), a leader in the manufacturing of specialized trailers, POL tankers and bowsers, special application export-oriented containers, and components for the US & European market is pleased to announce the expansion of its state-of-the-art manufacturing facility in Oragadam, Chennai. This strategic move by JML, a JCBL Group company, underscores its commitment to meeting the growing demand for its diversified, technically complex, High-quality, and Value-added products while reinforcing its dedication to sustainable manufacturing practices. The facility expansion will boost JML’s production capacity by 25%,…

| Author: Nitin Jirafe, Engine Business Leader, Cummins India and MD Tata Cummins India, a nation on the cusp of global prominence, is at a critical juncture. As the world’s fifth largest economy, third-largest energy consumer, and most populous country, it has an important role to play in sustainable development. Energy is a key driver of economic development and is also the biggest contributor to the world’s GHG emissions. With India being one of the fastest growing economies and projected to reach $5 trillion over the next few years, the need to find sustainable energy solutions has never been more urgent.…

| Karl Schüssler GmbH & Co. KG, a global leader in precision engineering since 1970, proudly announces the establishment of its wholly-owned subsidiary, SCHUESSLER India Pvt. Ltd. This strategic expansion reflects the company’s commitment to serving the growing Indian market with enhanced efficiency and innovative solutions. Through this initiative, SCHUESSLER India will invoice customers in Indian Rupees, maintain local stock, and deliver faster, more personalized support for its precision-engineered products. With a portfolio exceeding 1,800 products, including collet chucks, Hawk Eye Precision ER collet chucks, shrink-fit chucks, and other advanced tool-holding systems, SCHÜSSLER caters to critical sectors such as automotive, aerospace,…

| Bharat Forge Limited is pleased to inform about the successful fund raise of Rs 1,650 Crores with the closure of its qualified Institutional Placement (QIP) on 9th December 2024. The issue witnessed significant interest from Domestic & Foreign Qualified Institutional investors resulting in more than 10X demand of the issue size. More than 90% allocation was made to marquee Domestic & Foreign Long Only funds and Insurance Companies. The issue of the QIP was done at Rs 1,320 per share while the floor price as per SEBI ICDR was Rs 1,323.54 per share. The QIP proceeds will be utilized for debt repayment and funding of earlier announced inorganic growth initiatives. Mr. Amit Kalyani, Vice Chairman & Jt. Managing Director, commented “ We are thankful to the existing and new investors for…

| Kennametal India Limited will showcase a comprehensive range of innovative foundation drilling, road rehabilitation, surface mining, trenching and wear protection solutions at bauma CONEXPO 2024, one of the region’s leading trade fairs for the construction machinery, building material machine and mining machine industries, from 11-14 December at the India Expo Centre, Greater Noida.  MT Swamy, Regional Leader – APAC, Infrastructure Business, Kennametal India Limited said, “In line with rising infrastructure development in the country, our customers demand higher productivity and performance from their equipment. Kennametal’s offerings in road rehabilitation, mining and trenching are developed to perform in the toughest conditions…

| The Group of Ministers (GoM) on Rate Rationalization, led by Bihar Deputy Chief Minister Samrat Chaudhary, recently proposed significant changes to GST rates for the Apparel sector, announced on Monday, December 2, 2024. According to the new recommendations, readymade garments priced up to ₹1,500 will continue to attract 5% GST, while those in the ₹1,500 to ₹10,000 range will face a sharp increase to 18% and Apparel above ₹10,000 is set to fall under the highest slab of 28%. Consequently, the Clothing Manufacturers Association of India (CMAI) has raised serious concerns about the potential challenges these revisions could pose for…

| Our Editorial Director engages in a thought-provoking conversation with Avinash Punekar, Chief Executive Officer at iCreate, discussing the pivotal role of startups in driving transformation within the manufacturing industry