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FDI in manufacturing increases by 76% due to PLI Schemes
PLI Schemes contribute to increase in production, employment generation, and economic growth. Rajesh Kumar Singh, Secretary, DPIIT made announcement on the significant achievements due to PLI in India.Read more
Vedanta appoints 34-yr industry veteran for semiconductor business in India
Mike Young is appointed as Senior Vice President, Project Management Office and Manufacturing Operations for Vedanta-Foxconn Semiconductors Limited. Mike is the former CEO of SSMC and X-Fab Sarawak.Read more
Vedanta-Foxconn JV to set up Rs 1.5 trn semiconductor plant in Gujarat
The proposed semiconductor manufacturing fab unit will operate on the 28nm technology nodes and the display manufacturing unit will produce Generation 8 displays catering to small, medium and large applications.Read more
Vedanta and Foxconn ink pact for manufacturing semiconductors in India
Vedanta Group and Hon Hai Technology Group, world’s largest electronics manufacturing company, has signed an MoU to form a joint venture company that will manufacture semiconductors in India.Read more
India’s PLI Scheme draws Rs. 11.5 trillion FDI for manufacturing in India
While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India.Read more
Indian manufacturing industry roaring ahead
Announced in 2014, Make in India has placed the country’s manufacturing sector on the global map as far as being the chosen destination for global producers is concerned. The industry is all set for taking the next leap in manufacturing by adopting advanced technologies and Industry 4.0.Read more
