India’s Sept PMI eases to 57.7 | Rajnath Singh pushes defence sector innovation | Airbus, TASL to set up India’s 1st private helicopter assembly line
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ETManufacturing Newsletter | Thursday, October 2, 2025

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India's Manufacturing PMI eases to 57.7 in September
The slowdown was driven by softer new orders and output, both of which grew at the weakest rate in four months.  read more...
"We cannot ignore research and development": Defence Minister Rajnath Singh calls for innovative ecosystem to boost India's defence sector
Defence Minister Rajnath Singh, while speaking at the Defence Accounts Department's 278th Foundation Day on Wednesday, highlighted the need to create an innovative ecosystem to boost research and development in the country, which can enhance the defence sector in the face of changing warfare.  read more...
Airbus, Tata Advanced Systems to build India's first private helicopter assembly line in Karnataka
The new Karnataka facility will produce Airbus' H125 helicopter, with the first India-built unit slated for rollout in early 2027.  read more...
LG Electronics aims to make India a global manufacturing hub with local unit's listing
The company plans to position India as a global manufacturing hub, investing $600 million in a new Andhra Pradesh factory to leverage competitive labor costs and strong domestic demand. This strategic move will open new export markets like Europe.  read more...
RBI holds repo rate steady at 5.5%
MPC cites robust growth and moderating inflation as key reasons for holding the policy rate  read more...
L&T Technology Services secures $100 mn multi-year contract from US-based industrial equipment maker
LTTS will support the client's initiatives in new product development, sustenance engineering, value engineering, and platform automation.  read more...
Indian Railways emerging as global exporter; equipment sent to over 16 countries
Under 'Make in India, Make for the World,' exports span Africa, Europe, and Asia, highlighting India's growing railway prowess.  read more...
'Not a good sign.' Weak demand continues amid tariff uncertainty: PMI
In addition to new orders contracting and backlog orders increasing, the government shutdown adds further concerns for the industry.  read more...
FAA restores some of Boeing's safety inspection authorities
The Federal Aviation Administration also proposed fines exceeding $3.1 million against the plane manufacturer for safety violations that occurred between September 2023 and February 2024.  read more...
R&B Switchgear Group champions women in STEM on National Manufacturing Day
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UK manufacturing shrinks at fastest pace in 5 months, PMI shows
The index was the lowest since April and below the 50 level that divides growth from contraction, and its output component dropped to a six-month low of 45.7 from 49.3.  read more...
Euro zone manufacturing returned to contraction in September, PMI shows
The HCOB Eurozone Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 49.8 in September from 50.7 in August.  read more...
Canadian manufacturing PMI falls in September as downturn deepens
However, easing price pressures, including slower rises in input costs and selling prices, provided justification for the Bank of Canada's recent interest rate cut.  read more...
Greek manufacturing growth slows in September, PMI shows
The seasonally adjusted S&P Global Greece Manufacturing Purchasing Managers' Index (PMI) fell to 52.0 in September from 54.5 in August.  read more...
GST collections rise by 9% to ₹1.89 lakh crores in September
Gross domestic revenue grew 6.8 percent. Average monthly collections for FY26 are projected near ₹2 lakh crore. This indicates economic activity continues.  read more...
SKF India completes demerger of industrial business; listing expected by November 2025
The newly created entity, SKF Industrial, has announced plans to invest between ₹800 crore and ₹950 crore in India by 2030.  read more...
European Union to increase tariffs on steel imports
New long-term regime aims to counter Asian overcapacity and align with U.S. trade measures as safeguard expires.  read more...
US private sector sheds jobs in September, missing expectations: ADP
Private sector employment shed 32,000 jobs last month, with the biggest losses seen in sectors like leisure and hospitality and professional services, as well as in financial activities.  read more...
Nippon Steel buys 30% stake in Canada's Kami iron ore project
The joint venture secures high-grade ore for low-carbon steel production and strengthens global raw material supply.  read more...
Not in favour of uranium mining in Meghalaya: CM Sangma
"Based on what we see, we will seek clarification from the central government. If required, I will take up the matter at different levels to ensure that the interests of our people are protected," Sangma said.  read more...
Vedanta demerger date moved to March 2026 pending government approval
The restructuring aims to unlock value through four standalone companies but faces delays due to regulatory clearances.  read more...
FICCI and GlobalLogic launch AI-driven business resilience platform for Indian MSMEs
The platform will help businesses assess performance and resilience across sustainability, workforce, governance, and operations.  read more...
US-based Sonos bets on India as premium audio demand rises despite global slowdown
In India, the company has expanded distribution to 75 retail outlets, opened its first luxury experience centre at The White Crow in Mumbai, and launched Sonos Sound Suites, a listening series designed to blend traditional influences with modern sound and tap into India's music culture.  read more...
Meta plans to buy chip startup Rivos to boost semiconductor efforts
The Santa Clara, California-based startup, which is backed by Intel CEO Lip-Bu Tan, is focused on designing chips based on the RISC-V architecture, an open-source alternative to the architectures made by Arm, Intel and AMD.  read more...
Qualcomm shifts chips to newer Arm tech as competition with Apple, MediaTek heats up
This strategic move helps Qualcomm compete against rivals and is particularly notable given the recent acrimonious legal battle between the two companies, signaling a positive development for Arm. Â