Texas Ventures and CODISSAI organize Global Cluster Manufacturing Vision 2020 Conference

Over 68% Indian CEOs stressed out due to economic upheaval says ASSOCHAM survey
Eurozone debt crisis has started impacting the large corpoartes in missing their targets both top line and bottom line and over 68% of CEOs feel restlessness in fulfilling their commitments due to uncertainty in business, reveals The Associated Chambers of Commerce and Industry of India (ASSOCHAM) survey.

Only 22% of Chief Executive Officers of domestic business with the given turnover target succeed in countering their resistiveness and fatigue in a bid to achieve their yearly targets in

India’s factory output growth slower than expected
India’s factory output for the month of August 11 grew slower-than-expected. It registered a growth of 4.1 against forecast of 4.7 percent and 4.5 percent in August 2011. This was only marginally better than the output growth in July at 3.8 per cent. Commenting on the Index of industrial production data for August which was released today, Harsh Mariwala, President, FICCI and Chairman Marico Group said “The slowdown in manufacturing sector is more broadbased now as fourteen out of twenty two sectors have shown less than average growth for the period April-August 2011. On moving average basi

Indian govt to formulate a restructuring program for the struggling textiles Industry
India’s commerce, industry and textiles minster, Anand Sharma has directed his ministry to formulate a restructuring program for the textiles industry in consultation with ministry of finance and Reserve Bank of India. “The restructuring program could address issues like moratorium on repayment of TUFS loans, packing credit in foreign currency to be made available by banks, working capital assistance and interest subvention on export of textiles and clothing” He said at a meeting with the stakeholders in Textiles sector late last evening. The meeting was part of structured dialogue that the Mi

Reinventing Mobility – The Automotive Industry in India
India has come a long way from the days when the automotive industry in India was characterized by limited choice, old technology, obsolete designs and endless waiting period to be a proud owner of a vehicle. In sharp contrast, today, India is the seventh largest vehicle manufacturer, the second largest two wheeler manufacturer and the fifth largest commercial vehicle manufacturer in the world. The Indian auto industry today churns out a large number of new model and variant launches every year and exports almost 12% of the vehicles produced by it to the most competitive auto markets globall

UK manufacturing shows moderate expansion as per PMI index
The September month saw return to growth of UK manufacturing production. However, the underlying rate of growth through the third quarter of the year is well below the high reached in Q1, as the trend in new orders has become more subdued. Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) posted above the neutral 50.0 mark for the first time in three months. However, the average PMI reading in Q3 2011 (50.0) was well down on those of Q1 (a near-record 59.4) and Q2 (52.7). David Noble, Chief Executive Officer at the Chartered Institute of Purchasing & Supply said, “The UK manufactu

US manufacturing PMI for September month shows signs of expansion
US Economic activity in the manufacturing sector expanded in September for the 26th consecutive month, and the overall economy grew for the 28th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report. The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management Manufacturing Business Survey Committee.

Manufacturing continued its growth in September as the PMI registered 51.6 percent, an increase of 1 percentage point when compared to August's reading of 50.6 percent. A reading above 50 percent indicates th