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Bharat FIH shuts R&D and supply chain subsidiary amid revenue decline
In 2021, Bharat FIH had established two subsidiaries—Bharat Taiwan Corporation and Rising Stars Hi-Tech—to enhance research, product development, and engineering capabilities. Read more
FDI in manufacturing reaches $165 billion; 69% growth over last decade
This sector surge is largely driven by production-linked incentive (PLI) schemes.Read more
India's Mobile Manufacturing boom set to create 150K-250K jobs in 12-16 months
Apple, along with its three contract manufacturers in India—Foxconn, Wistron, and Pegatron—alongside domestic player Dixon Technologies, is set to significantly expand its workforce to meet the growing demand both domestically and internationally.Read more
Arrest of Lava International founder shakes mobile manufacturing industry
ICEA chairman Pankaj Mohindroo expressed deep concern, acknowledging the plummeting morale within the industry and the discouragement felt by national champions.Read more
PLI Scheme to herald a new era in electronic manufacturing: Ravi Shankar Prasad
Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, notified on April 1, 2020, has evoked good response from global as well as domestic mobile phone manufacturing companies and electronic components makers. Production of Rs. 10.5 lakh crore and Exports of Rs. 6.5 lakh crore expected over next 5 years.Read more