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India emerges as key alternative in China-Plus-One manufacturing strategy

According to a survey of Chief Executive Officers (CEOs), nearly 53% anticipate that India will emerge as an alternative manufacturing destination to China.Read more

TN secures $4.39 bn investments from Apple, Hyundai, and more

Key deals signed include a $1.4 billion investment by JSW Energy in renewable energy projects, a $1.5 billion investment by Tata Electronics in mobile phone assembly operations, and a nearly $125 million investment by Nike shoemaker Hong Fu.Read more

Corning Inc invests Rs 10 bn in Tamil Nadu for Apple supplier manufacturing facility

The new facility will be situated in Pillaipakkam, near Sriperumbudur, on a 25-acre plot, with the option for expansion as needed.Read more

Tata plans massive iPhone assembly plant in India

The conglomerate already owns an iPhone manufacturing facility, acquired from Wistron Corp, in Karnataka.Read more

Apple's expansion gains momentum with increased investments, stores, manufacturing initiatives

Reports indicate that the Sriperumbudur factory on the outskirts of Chennai is now actively involved in assembling the iPhone 15, which launched and went on sale in September.Read more

India aims for 40% local value addition in phone manufacturing to boost global competitiveness

S Krishnan, Secretary at the Ministry of Electronics and Information Technology (MeitY), outlined this goal during the Global Tech Summit 2023 organised by Carnegie on December 5.Read more

India introduces new import authorisation system for Laptops and Tablets

The new "import management system" will be implemented from November 1. Companies are required to register the quantity and value of imports, but the government will not deny any import requests.Read more

Indian Mobile Phone exports soar, nearing $5.5 billion in 2023

During the period between April and August 2023 alone, India exported mobile phones amounting to around $3 billion, equivalent to about Rs 24,850 crore.Read more

Indian govt targets 70% local it hardware production in 3 years

The government plans to curtail the import of parts and components from China, emphasising the importance of trusted sourcing and locations.Read more

Indian govt mulls wearable production incentives to boost local manufacturing

The Indian government is considering the implementation of a Production-Linked Incentive (PLI) program aimed at wearable technology, which includes hearing devices, in order to stimulate local production by both domestic and international companies.Read more

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