Manufacturing News

SCL Mohali’s long-awaited upgrade moves closer to launch, paving the way for more advanced 28-65 nm industrial chips and reducing import dependence.

Tech breakthroughs yielded two centuries of prosperity. Technology must be harnessed widely and understood closely. Yet, the same forces threaten jobs and social stability. India could gain from ‘creative destruction,’ but must put buffers in place too.

The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index slid to 56.6 in November from 59.2 in October, marking the slowest improvement in operating conditions since February.

China’s export juggernaut has triggered calls for tariffs and reshoring, but these are suboptimal responses. Policymakers have better ways to safeguard jobs and advanced manufacturing while pursuing national security objectives. Here’s what would serve their aims better.

India can now produce some critical rare-earth metals, but reliance on China for advanced magnets exposes a structural vulnerability. With supply chains getting weaponized, the Centre has unveiled a new scheme. Our strategy, however, may need to both broaden and sharpen.

This move for quality control norms comes even as India is rolling back some QCOs covering sectors such as key textile, plastic and metal inputs to boost manufacturing.

Managing director Saurabh Chatterjee details the shift in its global limited partner base and a renewed focus on the manufacturing sector

India’s push for rare earth magnets made at home is aimed at industrial security, given China’s control of supply. But local manufacturing could take time. Let’s also adopt high-tech recycling and press diplomacy into action.