Dhaka: In the aftermath of a building collapse that killed more than 500 people, Bangladesh's garment manufacturers may face a choice of reform or perish. Home to five factories that supplied clothing to retailers in Europe and the United States, the shoddily constructed building's collapse has put a focus on the high human price paid when Bangladeshi government ineptitude, Western consumer apathy and global retailing's drive for the lowest cost of production intersect.
Police on Friday said that more than 500 bodies have been pulled from the wreckage of the eight-story Rana Plaza building that collapsed nine days ago, sparking desperate rescue efforts, a national outpouring of grief and violent street protests. Now, Bangladesh's garment manufacturers fear that a backlash has been set in motion that threatens fortunes and livelihoods in a business that employs more than 3 million people and accounts for about 80 per cent of the impoverished country's exports.
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01:51 AM, May 04, 2013
Mumbai/New Delhi: Great Wall Motor Co is in talks to open a plant in India, a move that would make it the first Chinese carmaker to operate in the country without a partner. "They are meeting industry. They are meeting government. They are meeting suppliers," Vishnu Mathur, director general of the Society of Indian Automobile Manufacturers - a lobby group said. Great Wall, which sells its sport-utility vehicles and pick-up...
06:03 PM, Dec 10, 2012
New Delhi: Domestic car sales declined by 5.36 per cent to 1,57,536 units in September 2012 compared to 1,66,464 units in September 2011. According to the data released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales last month fell by 18.85 per cent to 7,53,693 units, from 9,28,716 units in September 2011. Total two-wheeler sales in September 2012 decreased by 12.92 per cent to 10,69,069 units from 12,27,662...
11:07 AM, Oct 10, 2012
A copy of a note by the Department of Telecommunications (DoT) to mobile phone manufacturers, which was reviewed by Mint, gives the manufacturers a year more before their handsets that are not in line with the new radiation norms are phased out. This is the latest in an ongoing attempt by the department to make mobile handset manufacturers conform to the new radiation norms. So far, the September 1 deadline...
02:06 PM, Aug 27, 2012
San Francisco: Microsoft has announced that it has completed the product development and testing of Windows 8 and is releasing its next generation of operating system to computer makers. "The Windows 8 team is proud to share with you that a short while ago we started releasing Windows 8 to PC OEM and manufacturing partners," said Microsoft's Windows engineering team on their blog. "This means our next milestone will be...
10:47 AM, Aug 05, 2012
Manesar: The Society of Indian Automobile Manufacturers (SIAM) on Monday said it will take up the violence at Maruti's Manesar plant with the Prime Minister's Office and the Haryana government. The automobile industry is expected to write to the government against the violence at the plant and the risk to investments if the issue was not resolved. The SIAM Executive Committee is slated to meet on July 25 to discuss...
12:39 PM, Jul 23, 2012
New Delhi: Car sales in India rose an annual 2.8 per cent in May, according to a data from an industry body, a seventh consecutive monthly increase but far below industry expectations, with demand hit by a hike in excise duty on the vehicles. India's car sales have slumped over the past year, hit by high interest rates, rising fuel prices and the recently-announced excise hike that dashed manufacturers' hopes...
01:58 PM, Jun 11, 2012
Mumbai: At the opening ceremony for Daimler AG's $850 million India factory, Chairman Dieter Zetsche stepped down from the cab of a gleaming yellow 25-tonne truck with scaled-down horsepower, a stripped-back gearbox and no sign of the iconic Mercedes-Benz three-pointed star on its grille. Daimler has been assembling high-end trucks in India for years, but its recently launched cut-price BharatBenz line has joined a trend by global heavy equipment manufacturers...
01:19 AM, May 13, 2012
New Delhi: Mobile handset manufacturer Nokia has come in for adverse notice, with an independent research report saying employees at its manufacturing plant in Chennai are being paid low salaries, a contention rejected by the Finnish major. The observation is part of the report prepared by 'Finnwatch', which is aimed at understanding unionisation and precarious employment conditions in the mobile phone factories of Nokia, Salcomp, Flextronics and Foxconn in Sriperumbudur,...
09:34 AM, Sep 19, 2011
New Delhi: Car sales in India fell 15.8 percent in July, an industry body said, as higher interest rates, rising fuel prices and vehicle costs crimped demand in the world's second-fastest growing major auto market. Indian automakers sold 133,747 cars in July, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Wednesday. Sales of trucks and buses, a key pointer to economic activity, rose 23.7 percent...
11:30 AM, Aug 10, 2011
Hyderabad: IT and pharma industries in Andhra Pradesh want a quick end to the impasse over the Telangana statehood issue, fearing prolonged stalemate will hamper the state's economy. The stalemate in the statehood issue will have a negative impact on fresh contracts from overseas for the IT industry, according to the IT and ITES Industry Association of Andhra Pradesh (ITsAP). Reacting to the Srikrishna Committee's recommendations to resolve the issue,...
10:32 PM, Jan 06, 2011
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10:17 AM, Dec 07, 2010
Manufacturers agree to find solution to one of modern life's irritants. ...
12:04 AM, Jun 30, 2009
In May, just 700 units grew in comparison to last year. ...
02:43 PM, Jun 08, 2009
GM has until March 31 to prove it can avoid bankruptcy or it loses govt loans. ...
11:17 PM, Mar 05, 2009
The Indian drug giant, Ranbaxy is a major maker of an AIDS generic drug. ...
01:45 AM, Sep 17, 2008
Singur may have have delayed work but Nano will be wheeled out on time. ...
08:58 PM, Sep 04, 2008
