Capital expenditure by Indian companies is likely to see an uptick in the upcoming quarters as capacity utilisation has surpassed the critical threshold of 75 per cent, and numerous companies have deleveraged their balance sheets, according to analysts. The first quarter of the current financial year has shown improved profitability, driven by a decrease in input prices. This, according to analysts at Care Ratings, should stimulate a revival in the private capex cycle.
Entrepreneurs, however, say they are unsure when the many obstacles in India will be cleared.
'A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals.'
This comes despite sharp criticism received from various RSS affiliated organisations
The French government has rejected Indian negotiators' demand for a 50 per cent offset clause citing sharp cost escalation but offered to participate in 'Make in India' projects to carry forward the talks for 36 Rafale fighter jets that have hit turbulence.
EAM Jaishankar's mission is aimed at strengthening India's strategic autonomy in a complex international environment, observes Ambassador M K Bhadrakumar.
Has Make in India's mascot, the metal lion, begun to rust?
The manufacturing sector now contributes about 16-17 per cent to the GDP
OnePlus became one of the top five in the high-end smartphone market, with 6.1 per cent market share in 2015
The government will zero in by the end of current fiscal a fighter jet it wants to build under 'Make in India' initiative, Defence Minister Manohar Parrikar said.
Percy Mistry says things at market regulator Sebi are also in bad shape.
Of the 156 choppers, 66 would be inducted by the Indian Air Force while the rest 90 would be acquired by the Indian Army.
Raise a toast to good health with wine. But this time let's go for the Indian ones.
India must concentrate on manufacturing-led growth.
The marshals will be provided specialised axes to snip wires and break glasses.
Modi's Make in India will work only if the cost of borrowing comes down.
American media has taken a critical view of his accomplishments, saying his flagship 'Make in India' drive is "so far mostly hype."
Taking a swipe at Prime Minister Narendra Modi over his 'Make in India' campaign, Rahul Gandhi on Wednesday said the Rs 10 lakh suit he wore during US President Barack Obama's visit was "Make in UK".
Without reforms to boost returns for multinational capital, Narendra Modi's 'Make in India' campaign will face testing times.
Rs 275 cr payment to Tata Power (SED) blocked for putting Indian part
India is affected by a 'resource inefficiency curse'.
Indian Prime Minister Narendra Modi who envisioned Make In India last September was at his eloquent best as he made a fervent plea to global businesses to come Make In India.
The move will make it the first global automobile major to design a vehicle here
The initiative is one of the several steps which the government has announced in order to improve ease of doing business in India and attract investments to boost manufacturing in the country
Although the idea is to focus on all states to turn India into a global manufacturing hub, the department of industrial policy and promotion, the nodal agency to carry out the campaign, has selected a handful of states that have a sound industrial backbone such as Maharashtra, Tamil Nadu, Karnataka, Gujarat, Andhra Pradesh, Telangana and others.
The stock of Dixon Technologies (India), the country's largest listed electronic manufacturing services (EMS) player, was up 6 per cent in 10 trading sessions, boosting the gains over the last three months to 21 per cent. The gains came following reports that Dixon will produce laptops in India in partnership with US and Chinese firms under the production-linked investment (PLI) scheme. It recently signed an agreement to make smartphones for Xiaomi India.
GE Healthcare has already filed five global patents for its design.
Irked by India's status as the world's biggest arms importer, Modi wants to build an advanced defence industry
Defence Minister Manohar Parrikar says global aircraft makers will have to get approval from their own governments to transfer technology and build jets in India.
The judiciary has sent a strong message against crony capitalism.
They said the decision to retract the RFP was taken after the DRDO expressed confidence of producing the ATGMs.
NITI Aayog wants the prime minister's flagship initiative should focus on labour-intensive sectors and policies that impede their growth to get special attention.
A visibly emotional Modi addressed scientists at the Indian Space Research organisation's command centre in Bengaluru, who were involved in the Chandrayaan-3 mission and lauded them for their efforts.
Rather than focussing on manufacturing, Indian companies need to concentrate on conceiving, designing and branding products.
A massive fire broke out on stage at an event for the Make in India week that's being held in Mumbai.
A day after announcing withdrawal from its chip-making JV with Indian conglomerate Vedanta, Foxconn on Tuesday said it is working on plans to apply for incentives under semiconductor and display fab programme, as the contract manufacturer pledged its commitment to India. The Taiwanese electronics manufacturing giant said it has been actively reviewing landscape for optimal partners. The comment assumes significance as Foxconn has pulled out from the $19.5 billion semiconductor JV with Vedanta.
Lenovo Group Ltd said on Tuesday it was establishing a smartphone assembly unit in India.
Several exemptions have been given to reduce the cost of raw materials.
"I invite each one of you to become a partner in India's growth story. And once again assure you of our wholehearted support."
It has been clear for a while that India needs manufacturing - and it may be true that global manufacturing needs India as well. Time to strike while the iron is hot, say Rajat Dhawan, Anu Madgavkar and Sree Ramaswamy.
