Made in India - Indian Firms shine across the Globe

[mayankkrishna]

Medical device sector is the sunrise sector. It has potential more than what IT revolution has brought in India.

 

[hello_10]

Medical device sector is the sunrise sector. It has potential more than what IT revolution has brought in India.

thats true :thumb:

its a high tech industry which would have high demand in future. we still find that majority of these industries haven't moved to the emerging countries yet :......

 

[praneetbajpaie]

Medical device sector is the sunrise sector. It has potential more than what IT revolution has brought in India.

70% of the med equipment used in the country is imported. Got to cut that to 0%.

 

[praneetbajpaie]

Products

Forus Technologies is another up and coming medtech product firm - their main product is called 3netra its an opthalmology care screening device - i personally know the folks who`ve started up this company, each one of them is a top-notch achiever in their own right ! we really need to give a push to the desi medtech industry - its a high margin, high value add, high social impact industry

Such companies like Forus, Zeal Medical, Phoenix Medical, Skanray Medical, Perfint Medical need to scale up real fast and introduce multiple products.

For example, Perfint Medical Systems which makes robotics for medical use is targeting Rs. 1000 crores sales by 2016. Next target 6000 crores (1 Billion $) by 2020 or something like that. Forget GE Healthcare and Siemens and Philips for a change.

 

[mayankkrishna]

The main issue ailing medical device industry is that the government has not yet regulated medical devices sector separately. However very recently they have just opened a new chapter in CDSO Act that regulates Drugs for Medical Devices. To bring Indian Medical Devices a globally competent recognition, It needs to bring separate regulation for Medical Devices. An exhaustive interlinkages needs to be established with reseach institutions, manufacturers and end users which is entirely missing in this segment at this moment.

 

[hello_10]

Housing Development Finance Corporation Limited (HDFC Ltd.) was established in 1977 with the primary objective of meeting a social need of encouraging home ownership by providing long-term finance to households. Over the last three and a half decades, HDFC has turned the concept of housing finance for the growing middle class in India into a world-class enterprise with excellent reputation for professionalism, integrity and impeccable service.

A pioneer and leader in housing finance in India, since inception, HDFC has assisted more than 4.4 million customers to own a home of their own, through cumulative housing loan approvals of over Rupees. 5.66 trillion and disbursements of over Rs. 4.56 trillion as at March 31, 2013.

Rural Housing Finance Features
Rural Housing Finance in India by HDFC LTD

HDFC's wide product range includes loans for purchase and construction of a residential unit, purchase of plot, home improvement loans, home extension loans, non-residential premises loans for professionals and loan against property, while its flexible repayment options include Step Up Repayment Facility (SURF) and Flexible Loan Installment Plan (FLIP).

HDFC also has a robust Deposits mobilisation programme. HDFC has been able to mobilise deposits from over 15 lakh depositors. Outstanding deposits grew from Rupees. 1,458 crores in March 1994 to Rupees 51,933 crores in March 2013. In addition, HDFC has received 'AAA' rating for its Deposit products for highest safety from both CRISIL and ICRA for nineteenth consecutive years.

Over the years, HDFC has emerged as a financial conglomerate with its presence in the entire gamut of financial services including banking, insurance (life and non-life), asset management, real estate venture capital and more recently education loans.

Today, HDFC is recognised as one of the Best Managed Companies in India and is a model housing finance company for developing countries with nascent housing finance markets. HDFC has undertaken several consultancy assignments in various countries across Asia, Africa and East Europe to support and establish their housing finance institutions.

The HDFC Advantage

Pioneers of Housing Finance in India with over 35 years of lending experience.

Widest range of home loan & deposit products.

Vast network of over 333 interconnected offices which includes 3 international offices.

Most experienced and empowered personnel to ensure smooth & easy processing.

Online loan application facility at HDFC - A Leading Housing Finance Provider in India and across-the-counter services for new deposits, renewals & repayments.

Counseling and advisory services for acquiring a property.

Flexible loan repayment options

Free & safe document storage.

HDFC - A Leading Housing Finance Provider in India

HDFC - A Leading Housing Finance Provider in India

 

[hello_10]

CNC MACHINES/ CNC TURNING/TURNMILL CENTER/CNC MACHINING CENTER/CNC HMC MANUFACTURER

Jyoti was the first company to manufacture CNC machines in Gujarat. It was not an end, there are many firsts attached with Jyoti since then. Jyoti, driven by technology and innovation keeps including new firepower in its arsenal by introducing machines like CNC Turning Centers, Vertical Machining Centers, Oval Turning Center i-SECT and machines like VMC 40/70 Linear with innovative Linear technology.

Jyoti CNC offers vide range of CNC Turning Center, CNC Machining Center (3-4-5 Axes), CNC Horizontal Machining Center, Vertical Line CNC Machines, VTL's etc. These machines are designed in the State of Art in-house Computerized Design Department equipped with the latest Designing Soft-wares. The Machine Tool is manufactured in-house with the latest Machines right from preparing casting in foundry till final dispatch. Even many bought-out components used are outsourced from the best available in the world.

After the opening up of the Indian Economy, there were great challenges present for Indian companies but Jyoti converted all challenges into great opportunities. Jyoti has even decided to compete at the global level and has taken concrete steps by exporting CNC machines. It has also established distribution networks in various continents around the globe.

Jyoti is passing through the trajectory of growth rate since its inception. Export penetration and inclination has helped Jyoti to establish goodwill among the foreign buyers and distributors.

The company is passionate about its business, but is also living the life of a true corporate citizen taking care of each and every entity affiliated directly/indirectly.

Company's expanding footprint ensures its global presence with export operations in countries like Italy, Russia, Poland, Argentina, Brazil and rest of South America, Tanzania and some African countries, Middle East and Other Asian Countries like Malaysia.

CNC MACHINES/ CNC TURNING/TURNMILL CENTER/CNC MACHINING CENTER/CNC HMC MANUFACTURER

 

[mayankkrishna]

The ace micromatic group has even been able to compete with China in Chinese market. The group has developed excellent training centers and business model upon which its providing very high quality machines and high cost competitiveness.

Home

About Ace Micromatic Group

ACE Micromatic group is the largest CNC Machine manufacturers in India[/

About Ace Micromatic Group

 

[hello_10]

Home

ACE Micromatic group is the largest CNC Machine manufacturers in India

About Ace Micromatic Group

Ace Micromatic Group is the largest machine tool group in India with a presence in many parts of world. The group specializes in the manufacturing CNC Turning Centers, CNC Grinding machines, CNC Machining Centers, and Automation equipment. The group also specializes in the manufacturing of components for diverse sectors namely, Automotive, Aerospace, Medical, Die & Mould, Railways etc.

The strength of the group is the rich engineering experience among its leaders who are the pioneers in the development of many technologically advanced products. A healthy synergy among the companies has facilitated cross learning and rapid growth of the group to be the front runners in machine tool development.

Ace Designers is the largest manufacturer of CNC lathes in India. It is Powered by a young and dynamic team led by the most respected and experienced personnel in the industry. Known for its technological superiority, Ace Designers has led by example.

Its R&D division has been responsible for the development of truly affordable CNC lathes. A case in point being the Jobber Series. An ISO 9001: 2008 company, it has ensured its product excellence through quality driven manufacturing processes supported by thoughtfully planned infrastructure.

Ace Designers offers its customers a wide and comprehensive range of machine to suit a broad spectrum of applications. It also offers turnkey solutions, tooled up options, innovative work holding, Cp/Cpk evaluation, TPM friendly machines and more. Having played a vital role in the Indian Industrial renaissance, Ace machines have left their foot prints in the global arena too. They have found acceptance in Europe, USA, South America, UK, Middle East, China, South East Asia, Japan and Australia.

Ace Manufacturing Systems (AMS) is one of the largest manufacturers of Machining Centers in India. Strong R&D Facility, a passion to excel and a young dynamic team led by experienced professionals has fuelled the rise of AMS to this premier position.

Being an ISO9001:2008 company, AMS has reposed great importance in its quality driven manufacturing processes and performance oriented management practices. These are ably supported by modern infrastructure with in-house production of critical components.

Offering one of the widest range (over 40 variants) of machining centers, both vertical and horizontal, they cover the entire gamut of milling applications, from the simple to the most complicated. AMS also offers turnkey option and tooled up solutions.

AMS has contributed greatly in dispelling the myth that machining centers are expensive. A strong presence in the domestic market has been complimented by an equally impressive global presence.

Ace Micromatic Group

Ace Micromatic Group

 

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double post

 

[Blackwater]

i have personally seen TATA showroom in spain

 

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http://www.bel-india.com/tanks

Tank & Armoured Fighting Vehicle Electronic Systems

GUNNERS MAIN SIGHT(GMS)

DIGITAL INTERCOM SYSTEM

ARMORED ENGINEER RECONNAISSANCE VEHICLE (AERV)

NUCLEAR BIOLOGICAL AND CHEMICAL RECONNAISSANCE VEHICLE (AERV)

INSTANT FIRE DETECTION & SUPPRESSION SYSTEM FOR MBT ARJUN (IFDSS-MBT ARJUN)

http://www.bel-india.com/tanks

 

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Weapon Systems
http://www.bel-india.com/weapon

AKASH AIR DEFENSE MISSILE SYSTEM

UPGRADATION OF L-70 GUN

ALL WEATHER LOW LEVEL AIR DEFENCE UPGRADED SCHILKA WEAPON CONTROL SYSTEM

Avionics
http://www.bel-india.com/avionics

Shelters & Masts
http://www.bel-india.com/ssm

HYDRAULICALLY OPERATED TELESCOPIC MAST)

Composite Design Shelter Systems

Shelters System for System Integration

http://www.bel-india.com/weapon

 

[hello_10]

Land-based Radars
http://www.bel-india.com/radars

Army Communication Products & Systems
http://www.bel-india.com/Communication

Naval Systems
http://www.bel-india.com/naval-systems

Electro Optics
http://www.bel-india.com/electro-optics

Simulators
http://www.bel-india.com/simulators

MORTAR FIRE TRAINING SIMULATOR

TANK DRIVING SIMULATOR

Air Defense Weapon Simulator System

C4I Systems
http://www.bel-india.com/c4i

Batteries

http://www.bel-india.com/Batteries

 

[hello_10]

Indian Ordnance Factories: Weapons

METAMORPHOSIS 155 mm GUN

Equipment 105/37 IFG E1 and 105/37 LFG E2

EQUIPMENT 106 mm RCL GUN

84mm RCL MK-III

Multi Grenade Launcher 40 mm

40MM L-70 UPGRADED GUN

Anti Material Rifle VIDHWANSAK

Indian Ordnance Factories: Weapons

India's $4 bn howitzer gun buying spree
July 19, 2013

India has begun the process of acquiring howitzer guns of various types. The contracts would be worth hundreds of millions of dollars each and their combined value is likely to be well over a billion dollars.

India has begun the process of acquiring howitzer guns of various types. The contracts would be worth hundreds of millions of dollars each and their combined value is likely to be well over a billion dollars.

India has set aside $4 billion for its artillery projects, neglected for decades largely due to political controversies and corruption scandals. The development is significant for two reasons.

One, the Indian Army has not purchased a single gun since the infamous Bofors deal 27 years ago, a deal that rocked the Indian political establishment and implicated then Prime Minister Rajiv Gandhi and other senior Indian officials. Eventually though none of the charges could be proved.

Two, the gun deals may be going through despite the fact that India, due to have general elections in less than ten months, seems to have put an unannounced freeze on any defence deals, particularly with foreign companies.

Russia will have have an important role to play in at least one of the upcoming howitzer contracts, expected to be worth around $350 million. Russian Rosoboronexport seems ideally suited for supplying 100 self-propelled tracked howitzer guns to the Indian Army and the trials are slated to begin later this month itself.

Rosoboronexport is likely to be pitted against an unlikely rival: Larsen&Toubro, an Indian company. L&T has been issued industrial licenses for a wide range of products after Government of India's decision to open up defence production to the private sector. The licenses issued cover design, development, construction/ manufacturing and assembly of a wide range of defence equipment, arms and armaments and weapon launchers.

Insiders say that L&T is expected to give the Russian company very stiff competition. The L&T howitzers have been built in collaboration with South Korean Samsung Techwin, which means that the Russian companies' rivals in the Indian defence industry are increasing by the day.

The South Korean company has already signed a contract with L&T for making key technologies available to the Indian company and producing the guns here.

This sends out another important message to the Russian defence industry that has not done too well in the Indian defence sector lately, and the Russians have lost out to American, European and even Israeli companies on several big-ticket defence deals.

The message is this: the Russians need to develop Indian partners, the more the better, as recent policy guidelines from the Indian defence ministry have laid huge stress on the 'buy Indian' theme.

Indian Defence Minister AK Antony's statement in Parliament on 6 May should leave no one in doubt on this score.

This is what he said while confirming the upcoming contract for 100 guns: "A case for procurement of Qty.100 x 155mm/52 Caliber Tracked (self-propelled) guns is in progress wherein three Indian vendors, including two private sector companies, have been selected for trials of their equipment. The recent amendments to the DPP-2011 which have been accepted by the Defence Acquisition Council aim to give higher preference to indigenous capacity in the Defence Sector."

The recent Defence Procurement Procedure (DPP) guidelines have made it clear that the Indian government will choose to import defence goods only as a last resort and in cases where the required technologies are not available within the country. However, these guidelines have left enough room for foreign companies to forge joint ventures with Indian companies.

The Indian Army modernisation programme is quite ambitious. It has plans to induct 2,814 guns of different types, capabilities and calibre. Assuming for argument sake that the Indian Army was to induct all these guns, from foreign as well as domestic sources, at one go, it would cost around ten billion dollars at current exchange rates.

However, the actual process will take years. The current contract of 100 guns itself is unlikely to be inked this year as the trial phase itself would spill over to the first quarter of next year. The guns will be undergoing winter trials this year-end.

Moreover, given the renewed focus on self-reliance and indigenisation, the Indian Army has asked the state-owned Ordnance Factory Board to deliver over 300 indigenous versions of Bofors guns.

The Indian Army's current guns stock is believed to have touched an all time low of just about 200 operations guns of 155/39 caliber, one of the reasons behind the then Army Chief General VK Singh shooting off a no-holds-barred letter to Prime MinisterManmohan Singh about the dire state of Indian military preparedness last year.

There is yet another message for the Russians that booms out loud and clear from the Indian guns saga. The Russians need to translate their deep political clout with the Government of India into bagging big Indian defence contracts through the government-to-government route.

In May last year, the Indian defence ministry had cleared a $660 million deal for buying 145 ultra-light M777 guns from the United States. The move was duly cleared by the Defence Acquisition Council headed by the defence minister. A significant feature of the M777 deal is that the guns are being bought under the Foreign Military Sales (FMS) programme of the US government, a government-to-government route.

The Russians are not unaware of this. In fact, the new Russian strategy vis a vis Indian defence industry will be very much visible in the upcoming top-level Indo-Russian bilateral exchanges from September onwards.

Defence News - India's $4 bn howitzer gun buying spree

 

[hello_10]

Bharat Dynamics Limited

Milan 2T

Invar:

Akash

Advanced Light Weight Torpedo:

Torpedo Counter Measure System (C303):

Counter Measures Dispensing System (CMDS) :

Bharat Dynamics Limited

Missile-maker Bharat Dynamics Ltd On Expansion Drive

A swelling order book has put defence public sector undertaking, Bharat Dynamics Ltd (BDL), a company that makes a range of missiles for India's defence services, on an expansion drive.

A swelling order book has put defence public sector undertaking, Bharat Dynamics Ltd (BDL), a company that makes a range of missiles for India's defence services, on an expansion drive.

India's missile maker, Bharat Dynamics Ltd (BDL), has booked 500 acres of land at the Maharashtra Industrial Development Corporation's (MIDC) estate at Amravati, with the intention of producing air defence missiles.

It has already bagged a Rs14,000 crore order to produce Akash surface-to-air missiles for the Indian Army, and this huge order, coupled with a smaller sized order for the same missile from the Indian Air Force is one of the main reasons for the company seeking to establish new manufacturing facilities.

The new units are expected to become operational from 2015-16 onwards with Amravati likely to be the first. The PSU will be opening five new units entailing a total investment of up to Rs4000 crore.

The expansion drive is expected to result in the creation of hundreds of new jobs.

Currently BDL has units in Hyderabad and Medak districts in Andhra Pradesh. The major part of work on Akash is expected to continue in Hyderabad itself. There are other orders that can include long range missiles and air-to-air missiles.

Work on Amravati site may start in April 2012 with production likely to start in three years.

BDL's other unit is coming up at Ibhrahimpattnam in the Ranga Reddy district close to Hyderabad. This unit is likely to become operational along with the new facility at Amravati, said BDL officials.

The company is also in the process of acquiring 500-600 acres of land in Anantpur and Chitoor districts of Andhra Pradesh.

Each of these new unit will entail an investment of up to Rs800 crore.

BDL has also acquired a 10-acre plot at Vishakhapatnam for the manufacture of torpedoes for the Indian Navy.

BDL, well known as a maker of surface-to-surface 'Prithvi' missiles, produces the entire range of India's tactical and strategic missiles, including the 'Agni' series.

It has produced an upgraded version of the Nag anti-tank missile, which has a fire-and-forget capability, said BDL officials.

This defence PSU commenced operations in 1970 by producing the first generation missiles in collaboration with France and the erstwhile USSR.

Defence News - Missile-maker Bharat Dynamics Ltd On Expansion Drive

 

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World Competitiveness Yearbook 2012:

The most competitive nations in Europe are Switzerland (3), Sweden (5) and Germany (9), which have export-oriented manufacturing and fiscal discipline. Meanwhile, Ireland (20), Iceland (26) and Italy (40) look better equipped to bounce back than Spain (39), Portugal (41) and Greece (58), which continue to scare investors.

Emerging economies are not yet immune to turmoil elsewhere. China (23), India (35) and Brazil (46) have all slipped in the rankings, Russia (18) climbed only one place. All Asian economies have declined apart from Hong Kong (1), Malaysia (14) and Korea (22). Latin America also had a tough year, with every nation falling except Mexico (37).

World Competitiveness Yearbook 2012: Hong Kong, US and Switzerland most competitive of 59 nations; Ireland rises to 20th ranking

The World of Competitiveness 2012

IMD, a top-ranked global business school based in Switzerland, today announced the findings of its annual World Competitiveness Yearbook (WCY). The WCY rankings measure how well countries manage their economic and human resources to increase their prosperity.

The most competitive of the 59 ranked economies in 2012 are Hong Kong, the US and Switzerland. Despite all its setbacks, the US remains at the center of world competitiveness because of its unique economic power, the dynamism of its enterprises and its capacity for innovation.

Top Ranks - The World Competitiveness Scoreboard

The World Competitiveness Scoreboard presents the overall rankings for the 58 economies covered by the WCY. The economies are ranked from the most to the least competitive and the results from the previous year's scoreboard are shown in brackets.

For further ranks and to view the official IMD press release dated May 31, 2012

Business in Switzerland**|**AmCham Switzerland

 

[hello_10]

2013 Global Manufacturing Competitiveness Index
November 16, 2012

The U.S., the world's largest economy, will slip to fifth place from third in manufacturing competitiveness in the next five years as India and Brazil race ahead, according to a report.

China will remain in the top spot while India rises to second from fourth and Brazil jumps from eighth to third, according to the 2013 Global Manufacturing Competitiveness Index compiled by Deloitte Touche Tohmatsu and the U.S. Council on Competitiveness. The index, which was first introduced in 2010, reflects perceptions of more than 550 senior corporate leaders surveyed about how 38 countries rank currently and will fare in five years.

Executives said access to talented workers is the top indicator of competitiveness, followed by a country's trade, financial and tax policies, according to the report, which was to be published today.

"From a U.S. perspective we didn't change that much, but it's just that others are moving rapidly," Samuel Allen, chairman and chief executive officer of Deere & Co. (DE) and chairman of the council, said in a telephone interview. "We can't tread water whether it be in education, tax reform or continued investment in infrastructure."

The current and future rankings reinforce the perception that the U.S. is "living off of investments we made a long time ago," Allen said. He said he worries about factors such as deteriorating U.S. infrastructure that may increase costs to move goods, and energy policies that could boost fuel prices.

'Continued Deterioration'

While Deere, the world's largest (DE) maker of farm equipment, has factories around the world, it still has invested about 57 percent of its capital in the U.S. in the last five years, Allen said. The Moline, Illinois-based manufacturer generated 61 percent of its revenue (DE) in the U.S. and Canada last year, according to data compiled by Bloomberg.

"What you worry about is the continued deterioration of the critical success factors to manufacture here," Allen said.

The U.S. still can improve its competitiveness by reforming its tax structure and controlling its debt, Allen said.

According to the report, Germany will move from second to fourth in the competitiveness ranking, South Korea will fall from fifth to sixth, Taiwan will go from sixth to seventh, Canada will drop from seventh to eighth, and Japan falls out of the top 10 list altogether, tumbling from 10th to 12th. Vietnam, meanwhile, will jump from 18th to 10th and Singapore will maintain its No. 9 ranking.

'Sobering' Findings

Another "sobering" finding in the report is that in five years Germany will be the only European country in the top 15 spots for manufacturing competitiveness, as the U.K. and Poland slide, Allen said.

The world is seeing a "power shift" of competitiveness toward developing countries, particularly those in Asia, said Deborah L. Wince-Smith, CEO of the Washington-based council that includes business, academic and labor leaders.

China and other emerging countries are increasingly manufacturing advanced goods, said Craig Giffi, the U.S. consumer and industrial products industry leader at Deloitte who co-authored the report.

While emerging manufacturing powers still face challenges in improving their infrastructure, supplier networks and legal systems, the countries are investing to drive growth and jobs, according to the report.

"We are at an inflection point," Giffi said. "For developed nations, it's going to get harder."

Aside from the responses of top executives, the study was based on interviews with "key manufacturing players" and contributors from Deloitte, the council, the Indian Institute of Management in Lucknow, and Clemson University in South Carolina, according to the report.

U.S. Competitiveness Slips as India Jumps in Five Years - Businessweek

here we have the Industrial Production Growth Rate of India during last decade, as below :thumb:

India - Industrial production growth rate - Historical Data Graphs per Year

 

[hello_10]

China Ranked Most Competitive Manufacturing Nation in the World

Over the next five years, 20th-century manufacturing stalwarts like the United States, Germany and Japan will be challenged to maintain their competitive edge to emerging nations such as China, India and Brazil, according to the 2013 Global Manufacturing Competitiveness Index report from Deloitte Touche Tohmatsu Limited's (DTTL) Global Manufacturing Industry group and the U.S. Council on Competitiveness. :thumb:

The report confirms that the landscape for competitive manufacturing is in the midst of a massive power shift – based on an in-depth analysis of survey responses from more than 550 chief executive officers (CEOs) and senior leaders at manufacturing companies around the world.

(India too looks good as below???? )

The 2013 Global Manufacturing Competitiveness Index once again ranks China as the most competitive manufacturing nation in the world both today, and five years from now. Germany and the United States round out the top three competitive manufacturing nations, but, according to the survey, both fall five years from now, with Germany ranking fourth and the United States ranking fifth, only slightly ahead of the Republic of Korea. The two other developed nations currently in the top 10 are also expected to be less competitive in five years: Canada slides from seventh to eighth place and Japan drops out of the top 10 entirely, falling to 12th place.

(we hope to see India on 2nd place soon, as below :thumb

The report found that access to talented workers is the top indicator of a country's competitiveness – followed by a country's trade, financial and tax system, and then the cost of labor and materials. Enhancing and growing an effective talent base remains core to competitiveness among the traditional manufacturing leaders – and increasingly among emerging market challengers as well.

Manufacturing still matters a great deal for the economic prosperity of 20th century powerhouses – and these nations continue to have enough going for them to stay in the game and even thrive.

China Ranked Most Competitive Manufacturing Nation in the World - arabiangazette.com

 

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Manufacturing Sector in India
March 2013

Indian economy has made significant progress over the last few years, with the gross domestic product (GDP) growing at an average rate of 5.3 per cent. The country is the world's third largest economy in terms of the purchasing power parity (PPP) and has investments amounting to nearly a trillion dollars lined up in partnership with the private sector in the coming years. Manufacturing, as an industry segment, is a crucial cog in the wheel of progress and has largely insulated the Indian economy from a future global turmoil; thanks to its innovation-driven orientation. The Government has also ensured a suitable manufacturing eco-system for domestic and international majors by strengthening the sector in every possible way.

India's manufacturing sector is poised for immense growth in future owing to its eminent talent pool in science, technology and research. Deloitte's global index, 2013, for 38 nations, has ranked India the fourth most competitive manufacturing nation, behind China, the US and Germany. Not only this, but even the Global Manufacturing Competitiveness Index, 2013, based on a survey of CEOs, executives and other officials of 550 global manufacturing companies, has positioned India as second five years down the line, next only to China. :thumb:

Growth Trend

Driven by a robust pick in domestic orders and strengthening of international demand, India's manufacturing sector registered remarkable growth in February 2013. The HSBC India Manufacturing Purchasing Managers' Index (PMI) - a measure of factory production - stood at 54.2 in February 2013, up from 53.2 in the previous month, indicating an improvement in the overall health of the Indian manufacturing sector.

The volume of incoming new orders at manufacturing firms in India rose during the month with around 29 per cent of monitored companies reporting higher levels of new work.

Manufacturing Sector in India, Manufacturing Industry, Indian Industries