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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
Rapid growth sparks innovation and expansion in global battery manufacturing
The increasing price of lithium has led to fierce competition among battery companies, as they invest in lithium resource companies to secure mining rights, says Maya Xiao. Read more
Samsung expands Vietnam factory to increase foldables production
Samsung plans to begin the expansion soon, with full operation expected by the end of 2021 or early 2022. It would increase Samsung’s annual foldable production capacity by 47%, from 17mn to 25mn.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
Siemens upgrades NX Software with AI and machine learning to increase productivity
Siemens’ Digital Innovation Platform enhanced with machine learning-driven user-interface solutions will improve the design process.Read more
DVComm launches India's first tech supported e-store
The Delhi based DVComm Group has launched India's first tech supported e-store, www.dvcomm.in. The site offers a wide range in IT, communication and electronics among other related products.Read more
Paras Enterprises banking on EVs and renewables for future growth
The company sees electric mobility as the next area of expansion. The growth in renewable energy has led Paras to also explore the requirement from winds mills and solar farms.Read more