US manufacturing persists in recession mode, production falls
CFO Dive
SEPTEMBER 3, 2024
Producers, responding to “election uncertainty” and monetary policy, held back on capital investment last month, the Institute for Supply Management said.
Factsheet: QIA’s Key Investments
Global Finance
OCTOBER 30, 2024
The QIA (Qatar Investment Authority) is the wealth manager of the State of Qatar. QIA invests across nine sectors: retail and consumer; technology, media and telecoms (TMT); liquid securities; infrastructure; financials; funds; healthcare; industrials; and real estate. Key investments aiding the energy transition: QIA invested €2.4
Investments 
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Havells India to invest Rs 480 cr on new refrigerator manufacturing plant in Rajasthan
CFO News
NOVEMBER 19, 2024
Havells India Ltd announced a Rs 480 crore investment to establish a refrigerator manufacturing facility in Ghiloth, Rajasthan. The company aims to leverage backward integration and economies of scale through this investment, funded by internal accruals.
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Back to Basics with Reconciliations
Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth
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Manufacturing-Sector Contracts Again in December
CFO News Room
JANUARY 4, 2023
The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 48.4 The survey suggests the manufacturing sector contracted in December (see the first chart). manufacturing sector again contracted, with the Manufacturing PMI at its lowest level since the coronavirus pandemic recovery began.
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Mitsubishi Electric’s group company, Climaveneta to invest Rs 400 crore in manufacturing plant near Bengaluru
CFO News
NOVEMBER 7, 2024
Mitsubishi Electric's subsidiary, Climaveneta, is investing over Rs 400 crore to expand its manufacturing plant in India. The expanded facility will be the country's largest chiller manufacturing plant, aiming to double annual order intake within five years.
Manufacturing Sector Declines in November
CFO News Room
DECEMBER 15, 2022
Manufacturing output – about 74 percent of total output – posted a 0.6 From a year ago, manufacturing output is up 1.4 Manufacturing utilization fell to 78.9 Utilization may be plateauing near the long-term (1972 through 2021) average of 79.6 percent but remains well below the highs of the 1970s when it was above 88 percent.
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The Qatar Investment Authority’s Core Investments Of Its Wealth Fund
Global Finance
OCTOBER 30, 2024
The QIA (Qatar Investment Authority) is the wealth manager of the State of Qatar. QIA invests across nine sectors: retail and consumer; technology, media and telecoms (TMT); liquid securities; infrastructure; financials; funds; healthcare; industrials; and real estate. Key investments aiding the energy transition: QIA invested €2.4
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October Manufacturing-Sector Survey Suggests Continued Weakening…
CFO News Room
NOVEMBER 1, 2022
The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 50.2 Still, the level is down sharply from the March 2021 peak, suggesting the manufacturing sector was essentially unchanged for the month (see the first chart). percent in October, slightly above the neutral 50 level.
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Maximizing Efficiency in Manufacturing
CFO Plans
JULY 12, 2024
In today’s dynamic manufacturing landscape, staying competitive requires embracing innovation and efficiency. Discover how CFO Plans can transform your manufacturing business. Discover how CFO Plans can transform your manufacturing business. One powerful way to achieve this is by leveraging SaaS-based accounting software.
Motor Vehicle Production Boosts Manufacturing Output in October
CFO News Room
NOVEMBER 16, 2022
Manufacturing output – about 74 percent of total output – posted a 0.1 From a year ago, manufacturing output is up 2.4 Manufacturing utilization was unchanged at 79.5 Overall, industrial output fell in October while manufacturing output rose on a gain in motor vehicle production; many other areas were weak.
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Damson technologies inaugurates new manufacturing facility in Ahmedabad
CFO News
NOVEMBER 24, 2024
Damson Technologies has opened a new manufacturing facility in Ahmedabad, Gujarat, with an investment of Rs 200 crore. The facility will produce audio products such as TWS earbuds and home entertainment systems, creating around 500 jobs.
PLI Scheme boosts manufacturing output to Rs 10.90 lakh crore, creating 8,50,000 jobs
CFO News
SEPTEMBER 25, 2024
The Production Linked Incentive (PLI) Scheme has transformed India’s manufacturing sector, elevating output to ₹10.90 lakh crore, creating over 8,50,000 jobs, and significantly increasing exports and foreign investment, says the Ministry of Commerce & Industry.
Indian pharma, electronics industries poised to gain from US investment restrictions in China
CFO News
OCTOBER 11, 2024
Highlighting that global companies will continue to divert investments from China to other parts of Asia Pacific (APAC) and the rest of the world, it said: "Asean and India could be attractive because they are receptive to foreign investments and their manufacturing competitiveness is increasing"
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India needs to focus on manufacturing, achieve greater sophistication: Nirmala Sitharaman to Indian Inc
CFO News
MAY 17, 2024
Finance Minister Nirmala Sitharaman flagged the need for India to boost its manufacturing sector to achieve self-reliance and increase its share in the global value chain. She highlighted the importance of policy support and sophistication in product manufacturing to attract investment and reduce dependence on China.
JSW Cement to invest Rs 3,000 cr to set up manufacturing facility in Nagaur, Rajasthan
CFO News
MAY 21, 2024
JSW Cement plans to invest around Rs 3,000 crore to establish a cement manufacturing facility in the Nagaur district of Rajasthan. The investment is expected to create over 1,000 job opportunities and includes a 7-km overland belt conveyor for transporting limestone from mines to the plant.
Inventory Management in Manufacturing
VCFO
MARCH 17, 2023
How Attention to Inventory Can Make or Break Manufacturers A major factor in determining the success of a manufacturer is how well it manages its inventory. When manufacturers have too little inventory, they can’t fully meet customer demands and lose out on revenue as a result. A benchmark exercise can also provide insight here.
Concessional corporate tax rate: Govt wants private companies to set up new manufacturing units fast
CFO News Room
FEBRUARY 4, 2022
The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024, Revenue Secretary Tarun Bajaj said on Friday. Companies opting for these new tax rates will have to forego all exemptions and incentives.
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Manufacturing Business Valuation
Michigan CFO
DECEMBER 28, 2022
Manufacturing business valuation is an important process that defines the value of a given manufacturing company. Having an accurate idea of that value is essential for ownership, partners, and third parties to make appropriate decisions about financing, investing in, and buying or selling a manufacturing business.
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Scripting India's manufacturing revival: Rationalisation of GST, strengthening of IBC & NCLT on agenda to improve ease of business
CFO News
NOVEMBER 16, 2024
Government initiatives like the PLI schemes have boosted local manufacturing, leading to significant investments and job creation. However, experts suggest additional measures like GST rationalisation, improved credit access for MSMEs, and a focus on product design to further enhance 'Make in India'.
M&M to invest Rs 10,000 crore to widen India’s EV manufacturing spectrum
CFO News
DECEMBER 14, 2022
The company stated it has received a nod to make the investment from Maharashtra Government’s industrial promotion scheme for Electric Vehicles.
Indian manufacturers target profit growth with sustainable practices through Industry 5.0: PwC Survey
CFO News
OCTOBER 25, 2024
The study highlights that more than half of Indian manufacturers are prioritising investments in sustainability this year with efforts include leveraging digital technology to integrate renewable energy sources and boost energy efficiency.
Government asks white goods industry to apply for manufacturing sops in large numbers
CFO News
SEPTEMBER 30, 2024
The DPIIT has reopened the application window for the PLI scheme for white goods, urging manufacturers to participate. Despite previous muted responses, 66 applicants have committed Rs 6,962 crore in investments. The scheme aims to boost manufacturing of ACs and LED lights over seven years with a Rs 6,238 crore outlay.
Vedanta Group plans to invest USD 500 mn in AvanStrate Inc
CFO News
NOVEMBER 11, 2024
a metals and mining company, announced a planned investment of nearly USD 500 million in its display glass unit, AvanStrate Inc. The investment aims to bolster ASI's research, development, and manufacturing capabilities to meet the increasing global demand for advanced display glass solutions. Vedanta Ltd.,
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PLI scheme for white goods: 38 firms commit investments worth Rs 4,121 crore
CFO News
OCTOBER 14, 2024
In a boost for local manufacturing, 38 companies have applied for the PLI scheme for white goods (air conditioners and LED lights) with a net committed investment of Rs 4,121 crore in the third round, the government informed on Monday.
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Modern FP&A: The Key to Simplifying the Complexities of Manufacturing Budgets
Centage
JUNE 12, 2023
For manufacturing and distribution organizations, this can be especially challenging. Manufacturing facilities must consider their production line capacities, their customers’ end product projections, and fluctuating material costs as they design their revenue goals and inventory requirements. That’s a lot of moving parts.
Manufacturing Momentum Predicts Consumer Spend Recovery
PYMNTS
NOVEMBER 2, 2020
manufacturing sector continued a rebound that has stretched through the past six months, with the latest showing in October underpinned in part by consumer demand, which in turn translated into continued production of consumers goods. The manufacturing economy continued its recovery in October,” the ISM said in its latest report.
Flender to invest in the Indian market to boost domestic manufacturing
CFO News
NOVEMBER 10, 2024
The company operates three production sites in Kharagpur (Kolkata), Chennai and Walajabad in Kancheepuram district, Tamil Nadu, to meet both local and global demand for wind turbine drive gearboxes.
Manufacturers' Buyers Dive Into The Self-Service Opportunity
PYMNTS
SEPTEMBER 16, 2020
Despite efforts to achieve the B2C-like buying experience, B2B manufacturers have a long way to go before they can offer such capabilities, even as they move online. What CPQ allows is for the online buyer to configure a manufacturer's product to their unique specifications. Product Configurability. Getting Out Of Their Own Way.
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P&G to invest Rs 2,000 crore to set up an export manufacturing hub in Gujarat
CFO News
JUNE 28, 2023
The new unit builds on top of P&G India’s existing manufacturing footprint of eight plants across the country and expands the existing presence in Gujarat where it has had a plant in Sanand, Ahmedabad, since 2015. lakh square feet area and will manufacture products in the digestive wellness space.
FDI in manufacturing rises 69 pc to USD 165 bn during 2014-24
CFO News
AUGUST 9, 2024
Foreign direct investment (FDI) in India's manufacturing sector surged by 69% to USD 165.1 Minister of State for Commerce and Industry Jitin Prasada highlighted India's growing appeal for foreign investment. billion during 2014-24, as reported to Parliament.
Tax incentives can help enhance adoption of sustainability manufacturing: Experts
CFO News
MAY 14, 2024
Financial incentives like tax breaks and subsidies can boost the adoption of green manufacturing practices. Experts emphasize the need for sustainable supply chains and investments in energy-efficient technologies.
Time ripe for next round of big reforms to attract manufacturers: Experts
CFO News
AUGUST 12, 2024
Some experts suggested steps include creating world-class, export-oriented industrial hubs (where India is a laggard), ringing in favourable tax treaties with the country's top trading partners, bolstering logistics infrastructure (including connectivity with ports), encouraging sector-specific skill development, targeting high-volume local production (..)
CFO for Manufacturing Companies
Michigan CFO
SEPTEMBER 29, 2021
In the world of manufacturing, where processes run thick and bottlenecks are known to arise, CFO services play a critical role in helping organizations steer towards efficiency, profitability, and longevity. The Evolving CFO Role in a Manufacturing Company. Digitalization is changing the way manufacturing is performed worldwide.
The Corporate Life Cycle: Corporate Finance, Valuation and Investing Implications!
Musings on Markets
AUGUST 19, 2024
In fact, the business life cycle has become an integral part of the corporate finance, valuation and investing classes that I teach, and in many of the posts that I have written on this blog. Tech companies age in dog years, and the consequences for how we manage, value and invest in them are profound.
Foxconn commits to new electronics manufacturing in India
CFO News
MARCH 2, 2023
Foxconn’s investment is the largest in India’s electronics sector and will create 100,000 jobs, Rao’s office said. The state government and Foxconn didn’t disclose the size of the contract manufacturer’s investment or specify products that it would make in the state. and Pegatron Corp. to ramp up in the country.
Novamax Appliances invests Rs 35 crore to set up a manufacturing facility in Gorakhpur
CFO News
AUGUST 9, 2024
Speaking about the new investments, Harshit Aggarwal, CEO and founder of Novamax Appliances said, “With this facility, we aim to enhance our production capabilities and ensure timely delivery to our customers.
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Balancing Risks and Returns in Investment Strategies: A Detailed Guide for CFOs in Africa
CFO Talks
AUGUST 9, 2024
Balancing Risks and Returns in Investment Strategies: A Detailed Guide for CFOs in Africa For CFOs operating within the diverse economic landscapes of Africa, making informed investment decisions is crucial. Understanding Risk and Return Investment decisions are all about balancing potential rewards against possible risks.
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PLI scheme to bring in estimated investment worth Rs 2 lakh crore: Piyush Goyal
CFO News
SEPTEMBER 29, 2024
As part of its Atmanirbhar and Make in India plan, the government launched production incentive (PLI) schemes in 14 sectors in 2020, to make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain and reduce dependency on imports.
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Six pharma companies sign MoUs with Telangana government for Pharma City investment
CFO News
NOVEMBER 22, 2024
According to the MoUs, MSN Laboratories will establish a manufacturing unit and an R&D center, Laurus Labs and Aurobindo Pharma will set up separate formulation units, and Gland Pharma will open an R&D center along with injectables and drug substance manufacturing units.
Gift City-like zones, IP-linked schemes key for manufacturing: PwC Chief Sanjeev Krishan
CFO News
AUGUST 9, 2024
PwC India's chairperson, Sanjeev Krishan, suggested that India could establish 5-6 large manufacturing zones similar to the Gift City financial hub to meet its $1 trillion goods export target, potentially one year ahead of schedule by fiscal 2029.
Escorts Kubota eyes land in UP for Rs 4500 cr manufacturing facility after pivot from Rajasthan
CFO News
AUGUST 16, 2024
Escorts Kubota has announced plans to build a Greenfield manufacturing facility in Uttar Pradesh, seeking land acquisition approval from the state government. With an investment of Rs 4,500 crore, the company aims to generate annual revenue of Rs 10,000 crore and create 14,000 jobs upon completion.
Manufacturers Loosen Budgets To Make Tech Upgrades
PYMNTS
JULY 12, 2020
The COVID-19 pandemic may have brought manufacturing to a halt, but that hasn’t stopped these same companies from investing in software upgrades and technology initiatives to stay competitive. of Wisconsin, said they’ve maintained or accelerated investments in tech and research.
JSW Group to invest $5 billion in EV projects in eastern India
CFO News
JANUARY 22, 2024
JSW Group plans to invest 400 billion rupees in EV manufacturing projects in Odisha, India. JSW Group will allocate 250 billion rupees for an EV battery manufacturing plant and an EV components plant in the initial phases. Electric models accounted for 2% of India's car sales last year, with Tata Motors leading the market.
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Adani Group to invest Rs 42,768 crore in Tamil Nadu
CFO News
JANUARY 8, 2024
The multi-business Adani Group has decided to invest a whopping Rs 42,768 crore in Tamil Nadu in renewable energy, cement manufacturing, data centre, city gas distribution and generate 10,300 employment opportunities.
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