manufacturing

PepsiCo plans to invest up to Rs 5,700 crore in India by 2030, primarily to expand manufacturing capacity for its foods business. The investment will support facilities in Madhya Pradesh, Assam, and Tamil Nadu, strengthening the company's presence in a key global growth market. This commitment underscores PepsiCo's long-term growth strategy in India, with some projects nearing operationalization.

Intel's CEO announced a significant breakthrough in chip manufacturing, with their next-generation 14A process set to rival TSMC's technology. The company's foundry business, crucial for its comeback, has overcome previous yield issues, now showing substantial monthly improvements. This efficiency is attracting major tech firms, with Intel poised to announce new partnerships soon.

Commerce Minister Piyush Goyal urged industry to identify import-dependent products for domestic manufacturing, aiming to boost local production and exports. He highlighted India's export growth to $863.11 billion and set a $1 trillion target for the current year, emphasizing quality, competitiveness, and scale. Goyal also stressed the importance of Swadeshi and value addition in agri-exports.

Maruti Suzuki has boosted its production capabilities with the launch of its second manufacturing plant at Kharkhoda, Haryana. This expansion adds 2.5 lakh units annually, bringing the site's total to 5 lakh and the company's overall capacity to 26.5 lakh units.

In a significant crackdown, Bokaro police, guided by intelligence from the Bihar STF, raided a clandestine mini gun workshop located within a CCL quarter. They apprehended four suspects hailing from both Deoghar and Munger, although the mastermind managed to flee the scene.

Authorities have dismantled an underground illegal arms manufacturing hub hidden beneath a paper plate factory in Bihar's Purnea district. A joint operation by Kolkata and Bihar STF uncovered the clandestine "mini gun factory," leading to the arrest of five individuals, including the premises owners. The mastermind was later apprehended, with police seizing unfinished firearms and manufacturing equipment.

Royal Enfield is investing approximately Rs 2,500 crore to establish a new manufacturing plant in Tada, Andhra Pradesh, aiming to boost production capacity. This expansion, subject to board approval, follows a recent Rs 958 crore investment in Tamil Nadu, which will increase annual capacity to 20 lakh units. The move addresses robust global demand, with the company exceeding 1.

VinFast is restructuring its Vietnam manufacturing business in a $530 million deal, creating a new entity, VFTP, to handle production and associated liabilities. This move aims to improve capital efficiency and accelerate the EV maker's path to profitability, with VFTP potentially exploring contract manufacturing. The core VinFast business will focus on R&D, sales, and customer service, adopting an asset-light model.

Amritsar's renowned gold ornament industry is set for a modern overhaul, with leaders advocating for advanced training institutes to empower youth. Industry bodies met with MLA Inderbir Singh Nijjar, seeking support for professional courses to equip young people with new skills, modernize family businesses, and create fresh career paths in the global gems and jewellery sector.

Ola Electric significantly reduced its net loss to Rs 500 crore in the March quarter by sharply cutting expenses, despite a continued decline in revenue due to slowing electric scooter demand and increased competition. The company's total expenses nearly halved year-on-year, driven by reduced material and employee costs, as it focuses on automation and in-house manufacturing amidst market pressures.

Jharkhand Industrial Infrastructure Development Corporation Limited (JIIDCO) will conduct a comprehensive study of vocational institutions and MSMEs to align curriculum with industry needs and boost employability. This initiative aims to create a skilled workforce and support manufacturing units for competitive market growth.

Apple is reportedly testing iPhone, iPad, and Mac processors with Intel's advanced chip manufacturing process, marking a potential shift after a decade. While TSMC remains the dominant supplier, this move signals Apple's strategy to diversify and cultivate new partners amidst growing demand for AI chips. Intel faces significant challenges in meeting Apple's stringent requirements.