Business News›the clothing manufacturing association of india
THE CLOTHING MANUFACTURING ASSOCIATION OF INDIA
Honda Motorcycle & Scooter India floats voluntary retirement scheme to sustain operations
According to people in the know, HMSI Tuesday initiated the voluntary retirement scheme which is applicable to all permanent associates on the company's rolls who are completing 10 years of service or attaining 40 years of age or above before 31.01.2021. Directors are not eligible under the scheme. The scheme will be open till 23 Jan 2021.
Amid pandemic and border tensions, MG Motor outshines its rivals in India
Sales of the only Chinese carmaker in India were expected to take a...
Factory output up after 6 months; retail inflation hits 6-year high
Industrial production, as measured by the index of industrial production ...
13 Nov, 2020, 12.15 AM IST
Domestic tailwinds to lift agrochemicals revenue growth to 12-14%: CRISIL
About 65 per cent of agrochemicals demand is derived from kharif (summer) season. An above-average and well-spread monsoon in the first half of the current fiscal has led to the kharif sowing area increasing to a 5 fiscal high at 111.6 million hectare.
Handset manufacturing industry expects to hire 50,000 direct employees by December
24 Aug, 2020, 06.48 PM IST
"After 1,100% growth achieved in mobile phone manufacturing which has enabled saturation of domestic demand and started exports, we are on the verge of an explosive growth. There has been a small delay in the take off because of the pandemic but in spite of that, we will add around 50,000 direct jobs by December end," said Pankaj Mohindroo
View: How India can return to its past as a great trading power
21 Aug, 2020, 10.55 AM IST
A robust trading nation is in a better position to set the agenda and influence narratives. Let us understand why trade is good and how we can be a powerful trading nation.
Samsung may move part of smartphone production to India, plans to make devices worth $40 billion
​​Once Samsung's move fructifies, the company will join iconic smartphone major Apple, which is also in the process of shifting a key part of its production line for smartphones to India. The global smartphone export market is about $270 billion. By value, Apple has a 38% market share and Samsung 22%.
Fast fashion industry wants cheap, disposable & trendy clothes, but it comes at a price
18 Jul, 2020, 12.53 PM IST
Global apparel consumption is estimated to be around $1.8 trillion making it around 2.3% of global GDP. The global demand is forecast to grow at an annual rate of 5% per year as markets in China and other emerging countries expand.
Garment manufacturers say key spares only available in China, awaits imports
03 Jul, 2020, 12.00 AM IST
​​Producers have also said that similar textile materials can be procured from Vietnam, Turkey, Taiwan and Thailand. However, some key accessories and machine spares are available only in China.
What auto component makers think of FM Sitharaman's stimulus package
18 May, 2020, 08.18 PM IST
The $57 billion Indian automotive component industry - which was already suffering from a prolonged slowdown - had been struck hard by coron...
Maruti Suzuki and Hyundai Motor consider 2nd shift, even as vendors struggle to get back
Component makers are also working overtime to restart factories, but delays in getting approvals are causing hindrance in some states, especially in Maharashtra and Tamil Nadu that have the biggest automotive manufacturing hubs, industry insiders said. This, they said, could weigh on the plans of the automakers.
Domestic manufacturers soon to make 1 lakh coveralls a day for frontline workers
20 Apr, 2020, 06.42 PM IST
Already, about 70 makers of personal protective equipment (PPE) have been certified by testing agencies, they said. About 70,000 suits were made on Friday but the numbers went down over the weekend to around 50,000 a day, a government official with direct knowledge of the matter said.
To help small firms, India seen unveiling second coronavirus stimulus worth $13 billion
India had earlier outlined a Rs-1.7 lakh-crore Covid package for the poorest of poor.
Budget 2020: Finance Minister announces new electronics manufacturing scheme
01 Feb, 2020, 12.18 PM IST
​A new scheme to push domestic electronics manufacturing was a key demand of the industry, since three key scheme which were incentivising local manufacturing had ended last year.
Bring back M-SIPS to drive investments in mobile manufacturing: IAMAI
While MSIPS 1.0 successfully managed to attract foreign investments into mobile manufacturing albeit into the low value- additive processes, India needs to focus on the components which have the potential of high-value addition and can be commonly used across the electronics manufacturing sector.