The chemical manufacturing industry is projected to double its size and reach $300 billion by 2025, clocking an annual growth rate of more than 10% according to Chemicals export promotion council (Chemexcil) . India’s chemical manufacturing industry is extremely diversified as it covers more than 80,000 commercial products. Most of…
India has reached USD 418 billion of manufacturing exports in 2022 and has witnessed excellent growth over the last two years, with a CAGR of 15%. The chemical industry, pharmaceuticals, electronics, textile industry, industrial machinery and automotive industry are identified as the 6 sectors to drive manufacturing export to reach…
The future of the manufacturing industry in India seems very bright. The sector is witnessing a steady growth following various initiatives taken by the Government of India. And this trend is expected to continue in the long term, various sources such as the India Brand Equity Forum, Associated Chambers of…
Manufacturing holds a lot of significance to the sustenance of society. The manufacturing industry is the key driver of the economies of almost every developed nation. The role of manufacturing is even more significant for the economies of developing countries like India. The Indian manufacturing industry has been picking pace…
Women form the bedrock of Indian society since ancient times. Ours is a country that always revered women and placed them on the highest rank in society with equal rights. India granted women the right to vote without any debate or deliberation in 1947, the year it became independent from…
Product quality is an aspect of paramount importance in manufacturing, because of its everlasting impact on the purchase decisions of the customers. No business owner would ever want to compromise on the product quality, and always strive to improve the quality of the products as a part of better customer…
Indian textile industry is one of the largest in the world, with traditional textiles occupying the lion’s share in the market. India is the largest producer of cotton and jute, and the second-largest producer of silk, polyester and fibre across the globe. Since the focus has been on the conventional…
Key Facts: The chemical sector has been the 3rd largest contributor to GDP amongst manufacturing industries in India in recent years. 200% weighted average reduction of tax from the Income-tax department for both capital and revenue expenditure incurred on scientific R&D Currently, the industry is employing more than 2Mn people…
Manufacturing industries have to generally face a host of issues relating to payment delays, inventory management, and product quality failures. In addition to this some of the pertinent issues, the industry faces are in manufacturing products are 1. Regulatory Compliance and traceability Manufacturers of all sectors face increasing regulations which…
Project Management is a discipline that can be applied to all fields and particularly in the manufacturing industry. In the manufacturing process, it is quality and project lead time that is most crucial to propel any project forward. The tools and techniques used in project management can thus assure that…