MANUFACTURING SECTOR GROWTH
Piyush Goyal woos top US companies for investment
Commerce and Industry Minister Piyush Goyal has met various US firms in New York to discuss investment potential. Meetings included representatives from Blackstone, Neuberger Berman, and The Estee Lauder Companies, focusing on manufacturing and beauty markets. Discussions with IBM's CEO involved strengthening collaboration in AI and quantum computing technologies. Goyal also engaged with General Atlantic and AIA Group to explore opportunities in financial services and insurance sectors.
India's battery storage demand to hit 236.22 GWh by FY32, require Rs 3.49 trillion investment: Report
India's battery energy storage system market is expected to reach 236.22 GWh by FY2031-32. The country will require Rs 3.49 trillion in investments for this growth. Significant advancements in BESS deployment were noted between early and mid-2026. The government is providing extensive support through various initiatives and schemes. These measures aim to enhance project viability and stimulate private-sector participation in the energy storage sector.
Cabinet approves Rs 10,000-crore SME Growth Fund and new authority to plan transport and logistics
The Indian government has approved a ₹10,000-crore SME Growth Fund aimed at supporting small and medium enterprises. Additionally, an Integrated Transport & Logistics Authority has been established to enhance transport infrastructure planning. This fund is intended to address equity capital gaps currently faced by SMEs and facilitate their growth. ITLA will create a comprehensive National Transport Master Plan to improve coordination across various transport sectors.
Cabinet approves Rs 10,000 crore SME Growth Fund for small and medium enterprises
The Union Cabinet approved a Rs 10,000 crore SME Growth Fund to support micro, small, and medium enterprises. This fund is part of the government's initiative to create champion MSMEs in India. Finance Minister Nirmala Sitharaman outlined various measures to enhance liquidity support and accessibility to risk capital. Additionally, the government allocated Rs 24,566.27 crore to the Ministry of Micro, Small and Medium Enterprises.
Services activity hits 3-month high in September on demand surge
The HSBC India Services Business Activity Index rose to 55.2 in September from 54.1 in August, although it remained below the 60.9 recorded in September 2025. A reading above 50 indicates expansion in activity, while a figure below that signals contraction.
Manufacturing sentiment improves in Q2
In the second quarter of FY27, India's manufacturing sentiment showed improvement as factories raised capacity utilization to 75.5%. According to the Federation of Indian Chambers of Commerce and Industry, firms planned to hire more workers, indicating recovery. The survey noted that most sectors are not facing labor shortages at factories.
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Cabinet clears Rs 10,000 crore SME Growth Fund to boost small and medium enterprises
The SME Growth Fund aims to provide long-term growth capital and address financing gaps for these businesses. By targeting manufacturing and services sectors, the initiative will facilitate expansion and enhance competitiveness. Strategic investments in Tier II and Tier III cities will foster balanced regional development as well.
India’s factories power up as demand, output and hiring improve in Q2: FICCI survey
Manufacturing sentiment in India improved noticeably in the second quarter of FY27, reflecting increased expectations for production and demand. About 95 percent of manufacturers reported stable or higher production levels compared to the previous quarter. Capacity utilization also rose, reaching approximately 75 percent, highlighting effective operational efficiency. Hiring intentions increased, with 43 percent of manufacturers planning to recruit additional staff in the coming months.
Bharat Forge secures contract from Pratt & Whitney Canada for aerospace engine components
Bharat Forge has secured a long-term contract from Pratt & Whitney Canada to supply mission-critical aerospace engine components. The components will be manufactured at Bharat Forge’s aerospace facility in India.
Semiconductor push, govt support driving EMS sector's growth, but valuation remains a concern: How 3 stocks with most buy calls are placed
Investor enthusiasm around the sector is visible in the performance of nine EMS stocks covered by multiple brokerages. The group has delivered an equal weighted average return of 55.3% so far in 2026, compared with 1.1% for the Nifty 500 Equal Weighted Index. Seven of the nine stocks have delivered posi tive returns, while three have gained over 100%. The analysis is based on closing prices as of 28 September 2026.
AI deals seen driving medium-term growth as Indian IT sector faces muted Q2: Report
India's IT services sector is likely to see muted performance in the second quarter of FY27, but increasing traction in artificial intelligence-related deals could support growth over the medium term, Centrum said in a report.
Govt pushes rare-earth magnet capacity as India seeks greater control over critical manufacturing inputs: Shaktikanta Das
The government is working to build domestic capacity for rare-earth permanent magnets, crucial for automobiles, electronics and other manufacturing, Principal Secretary-2 to the PM Shaktikanta Das said. The move follows China’s restrictions on rare-earth exports, which exposed India’s dependence on Chinese supplies, estimated at 80–90% of the global rare-earth magnet ecosystem.
India within striking distance of 8% GDP growth, resilience not accidental: Shaktikanta Das
With an ambitious target of 8% GDP growth, India aims for Viksit Bharat by the year 2047 through innovative reforms. The government is dedicated to increasing domestic capabilities in crucial areas such as energy and manufacturing. Significant measures are being implemented to strengthen long-term finance and bolster involvement in global supply chains.
India’s growth is making the world rewrite its forecast: MoSPI Secretary Saurabh Garg
India's continued economic resilience, supported by strong corporate performance and sustained investment activity, is now being reflected in upward revisions to the country's growth estimates by various international agencies, Saurabh Garg, Secretary, Ministry of Statistics and Programme Implementation (MoSPI), said.
India fastest-growing Asia market for NetApp; BFSI and public sectors key growth drivers: CEO
The San Jose-based data infrastructure company has also grown its global capability centre in Bengaluru, with the majority of global R&D processed out of the centre. With a team of about 4,000 engineers, the centre is the largest for NetApp and is core to the global innovation work for the company across technology areas.
Textile output surges, but apparel production stays in the red. What’s driving the divergence?
Government data reveals growth of 8 percent in industrial output for August 2026, driven by manufacturing. Apparel production, however, declined by 7.4 percent in the same month, indicating ongoing challenges. In contrast, the textile industry has shown strong growth of 13.1 percent, signaling a divergence in trends. Experts suggest that upcoming festive seasons could boost demand for apparel manufacturing in the near future.
Commerce Minister Piyush Goyal meets US corporate leaders to push India investment opportunities
During his visit to the United States, Piyush Goyal held meetings with executives from several major American companies. The discussions focused on expanding investment and manufacturing opportunities within India under the Make in India initiative. Goyal highlighted the rising potential of India's consumer market as a strong base for global brands.
Global factory activity boosted by AI spending boom
As AI investments surge, manufacturing activity in Europe and Asia grows noticeably. India boasts significant expansion in its manufacturing sector, boosting business confidence and supporting hiring efforts. Meanwhile, South Korea and Taiwan are experiencing a revival in factory operations, driven by semiconductor and automotive demands.
India's manufacturing PMI hits 7-month high in September as domestic, export demand strengthen
India’s manufacturing activity accelerated to a seven-month high in September, with the HSBC PMI rising to 55.1 from 52.8 in August as stronger domestic and export demand lifted new orders and output. Factory production posted its sharpest expansion in four months, while hiring resumed and business sentiment improved.
India's motor car exports witnessing healthy growth in EFTA market: Piyush Goyal
India's exports of motor cars and heavy waters have seen significant growth since the trade agreement implementation. The trade and economic partnership agreement with EFTA has created market access for the majority of India's exports. The EFTA countries have committed to invest USD 100 billion in India over 15 years.
Infineon opens $1.4 billion Thailand plant as country ramps up semiconductor push
The project signifies Thailand's commitment to boosting semiconductor manufacturing and attracting investments of $18 billion by 2030. The facility will provide up to 30,000 sq m of cleanroom space, with potential expansion to 150,000 sq m.
India factory activity rebounds sharply in September as demand revives, PMI hits 7-month high
India's manufacturing sector rebounded in September after a three-month slowdown, driven by strong demand for various products. The HSBC India Manufacturing Purchasing Managers' Index rose to 55.1, indicating notable growth in factory activity. New orders increased significantly, with manufacturers reporting higher export demand from multiple international clients. Employment in the sector also expanded, recovering from a previous decline in August.
Output, wages, GVA... manufacturing sector is on a roll: GVA grows 9.6% to Rs 26.9 lakh crore; sector adds 1.4 mn workers
India’s formal manufacturing sector recorded broad-based growth in 2024-25, with GVA rising 9.6% to ₹26.9 lakh crore and industrial output increasing 7.8% to ₹165.2 lakh crore, according to the Annual Survey of Industries. Invested capital grew 11.1% to ₹75.6 lakh crore, while the number of establishments rose 2.6%.
India’s industrial jobs cross 2 cr mark in 2024-25
India's industrial workforce increased to over 2 crore in 2024-25, driven largely by the manufacturing sector. The registered manufacturing sector saw broad-based growth, with a notable rise in employment and wages. Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh, and Haryana led in manufacturing employment during this period. Gross value added in manufacturing rose significantly, indicating continued expansion in industrial value addition.
Karnataka approves Rs 4,000 crore textile policy to attract Rs 20,000 crore investment
Karnataka's new Textile & Apparel Policy aims to attract significant investments while creating numerous jobs over the next five years. The government has designated 34 focus taluks for additional support to promote regional industrial growth. New incentives will also be provided for silk yarn production to enhance the value chain. Special incentives are planned for eligible units in the PM MITRA Park in Kalaburagi.
India's IIP growth may remain in single digits despite festive demand as weak monsoon, global risks weigh: Report
India's industrial production growth may stay in single digits in the upcoming months as several economic challenges persist. Festive demand could positively impact growth, but factors like weak monsoon, higher input costs, and global uncertainties pose risks. The manufacturing sector's growth has shown significant improvement, alongside a gradual recovery in rural consumption trends. Capital goods and consumer durables produced strong growth numbers, indicating resilience in investment and discretionary spending.
IIP growth comes in at 8% in August compared with 7.4% in July
Manufacturing set a record by growing at 8% or more in the past three consecutive months.
'Make in India' belied expectations; pvt investment boom didn't happen, job growth missing: Congress
Congress recently claimed that the 'Make in India' initiative has not met its expected outcomes. The party noted that private investment has not significantly increased as anticipated. Jobs growth across various sectors has also been lacking since the initiative's launch. Congress leader Jairam Ramesh highlighted the slower manufacturing growth compared to overall economic expansion. 'Make in India' was introduced in 2014 to boost investment, innovation, and manufacturing in India.
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