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Haier Aims to rise as second largest player in Indian market

Haier India, which is growing with a 25 per cent CAGR (Compound Annual Growth Rate) for the last six years, expects to close this fiscal with a topline of Rs 8,500 crore and expects to touch the Rs 10,000 crore-mark in FY25Read 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

Indian electronics manufacturers expand global reach to US, Europe markets

During their December quarter earnings calls, companies like Havells, Dixon, Voltas, and Blue Star announced plans to establish a foundation for exports in developed nations like the US.Read more

Samsung expands Texas chip plant amidst AI chip supply deal

Samsung is embarking on the construction of an additional building within its semiconductor chip plant in Taylor, encompassing approximately 2.7 million square feet.Read more

Q4 can see fiscal incentives under PLI for white goods: DPIIT Secretary

The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components.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 smartphone manufacturers struggle with PLI targets, call for scheme extension

While global giants like Foxconn, Wistron, and Samsung have contributed to the success of the PLI scheme, a senior executive from Lava emphasised the need for more time to establish local champions in the manufacturing industry.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

Samsung receives Rs 500 cr incentives under PLI Scheme for increased production

The South Korean electronics manufacturer had submitted a claim under the PLI scheme for large-scale electronics manufacturing, which was introduced in 2020.Read more

Samsung Semiconductor India Research inaugurates Labs and Science Centers in rural Karnataka

Global R&D center for Samsung Semiconductors, inaugurated ‘three Mobile Science Labs, two Science Centers and two Mini-Innovation Hubs’ in association with Agastya International Foundation, a non-profit organisation based in Bengaluru.Read more

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