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Salcomp to invest Rs 18 billion in India operations; triple sales to $3 billion
It is planning to expand the capacities for its new product lines which will include component for handsets.Read more
Apple supplier Salcomp to invest Rs 20 billion in Indian facility
India has been trying to take advantage of the trade war between Beijing and Washington, which has disrupted supply chains and forced companies to look for alternative manufacturing locations.Read more
Apple supplier Rayprus to set up manufacturing facility in Bengaluru
Experts said that the addition of leading component players in addition to the big ticket suppliers just means that a lot more pieces of Apple's India story are falling in placeRead more
Apple and Samsung front runners to boost India’s mobile phone exports
India’s mobile phone exports are expected to cross Rs 1.2 trillion at the end of this financial yearRead more
Vedanta Aluminium launches Vedanta Metal Bazaar, largest online superstore for aluminium products
Vedanta Metal Bazaar sells over 750 aluminium products online, positioning it as a game-changing new offering within India’s aluminium landscape.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
Govt set to extend 15% tax rate for new manufacturing units until 2025
This potential announcement is anticipated in the upcoming Interim Budget on February 1, with the aim of stimulating the manufacturing sector, attracting fresh investments, and simplifying compliance procedures.Read more
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
Apple explores diversified manufacturing in India, discusses partnerships beyond China
Presently, Tata Electronics stands as Apple's sole vendor in India, with plans to double its casing facility.Read more