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Indian Manufacturing Sector Welcomes Quality Control Norms Amid Industry Challenges

share-iconPublished: Friday, January 03 share-iconUpdated: Friday, January 03 comment-icon11 months ago
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INDIATIMES
Indian Manufacturing Sector Welcomes Quality Control Norms Amid Industry Challenges

Credited from: INDIATIMES

  • Indian plywood and MDF board industries previously opposed quality control orders but now see potential benefits.
  • Industry leaders, including N K Aggarwal, recognize that narrow thinking had hindered growth.
  • The new standards aim to improve capacity utilization, currently hovering at 50-60%.
  • With over 200 items under scrutiny, the government's initiative targets both domestic production and imports.
  • Investments have surged in various sectors, demonstrating a positive shift towards improved quality standards.

Read more about the quality control initiatives here.

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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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