Big manufacturers tighten safety measures
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The alarming surge in coronavirus infections, especially in states like Maharashtra, Punjab and Karnataka, has prompted top manufacturing companies to tighten their safety measures and reestablish stringent protocols on factory premises and shop floors.
Agencies
The alarming surge in coronavirus infections, especially in states like Maharashtra, Punjab and Karnataka, has prompted top manufacturing companies to tighten their safety measures and re-establish stringent protocols on factory premises and shop floors.
ET spoke to more than a dozen leading manufacturers including Mahindra & Mahindra, Vedanta, Tata Steel, Ceat, Dalmia Cement, Tata Power, Mercedes, KEC International, Volkswagen, Lumax, Endurance Technologies and Shriram Piston who are beefing up Covid protocols amid the second wave of infections.
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Auto industry bodies recommend incentivising enhanced domestic value-addition, localisation
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Last Updated: Mar 05, 2021, 02:38 PM IST
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In their presentation, Ayukawa, who is also the MD & CEO of Maruti Suzuki India Ltd and Kalyani, the Chairman & MD - Bharat Forge Ltd, said the aspiration of the sector is to achieve two-fold growth in exports by 2025-26 with automobile manufacturers achieving exports of USD 19 billion and auto component makers touching USD 30 billion.
Agencies
Automobile and auto components industry bodies SIAM and ACMA on Friday recommended incentivising enhanced domestic value-addition and localisation to leverage on the USD 25 billion import substitution opportunity but said the production linked incentive (PLI) scheme should not cannibalise existing exporters by incentivising new players. In a presentation at the PLI event organised by Department for Promotion of Industry and Internal Trade (DPIIT) and Niti Aayog, Society of Indian Au