Dixon Technologies’ subsidiary, Padget Electronics, has been awarded a contract by global tech giant Lenovo. This agreement falls under the recently revised production-linked incentive (PLI) scheme for the IT hardware segment. The contract, although contingent on the finalisation of a definitive agreement between the two entities, holds the promise of Dixon’s Padget Electronics being entrusted […]
Finance Minister Niramala Sitharaman on Thursday said that the manufacturing sector is contributing significantly to the economy following government initiatives and noted that India’s second-quarter growth this year was the highest in the world. Replying to a short-duration discussion on the “economic situation in the country” in the Rajya Sabha, Sitharaman said there was sustained […]
Major Apple suppliers Foxconn and Pegatron have been compelled to suspend iPhone production at their factories near the capital of Tamil Nadu in the wake of torrential rains and an impending cyclone in the southern Indian city of Chennai. The heavy rains have claimed at least two lives and led to the submersion of the […]
Japanese electronics manufacturer TDX Corporation will manufacture battery cells for iPhones In India, according to a media report. As per the report, TDX will supply battery cells to Premium electronic manufacturer Apple. The company is likely to work with the Sunwoda Electronics which already has operational units in India. TDK has reportedly acquired Li-ion battery […]
Coca-Cola on Thursday revealed a substantial investment of Rs 1,387 crore for a new manufacturing facility in Maharashtra’s Ratnagiri district. Spanning 88 acres in the Lote Parshuram Industrial area within the Maharashtra Industrial Development Corporation zone, the facility will utilize water from the Vashishthi river, according to a statement from Hindustan Coca-Cola Beverages. The greenfield […]
Dixon Technologies’ subsidiary, Padget Electronics, has unveiled its new Noida factory which will manufacture Xiaomi smartphones. The inauguration ceremony highlighted the investment of Rs 256 crore in this facility. The manufacturing plant is expected to generate approximately 5,000 job opportunities. With an annual production capacity of 25 million units, the facility aims to challenge prevailing […]
Tata Group’s Tata Electronics is likely to expand its existing iPhone-casing unit in Hosur to up to twice its current size and capacity, according to a media report on Monday. The company’s aim is to enlarge its contract manufacturing of high-end electronic items and accessories, the report added. Currently, the Hosur unit, spread across 500 […]
Daikin Air-conditioning India, a wholly owned subsidiary of Daikin Industries Japan, on Thursday, announced the commercialisation of its integrated air-conditioning & compressor manufacturing facility at Sri City, Andhra Pradesh. The new plant is spread across 75.5 acres, which aims to cater to the increasing demand for state-of-the-art air conditioning products manufactured in India, both domestically […]
MAS Holding’s Chairman, Mahesh Amalean on Monday met Odisha Chief Minister Naveen Patnaik and told him about the company’s interest in setting up an integrated textile and apparel manufacturing facility in Odisha. Amalean informed Patnaik about his company’s portfolio. The project can provide employment to more than 5,000 people. During the discussion, the Chief Minister […]
Dabur, an FMCG and ayurvedic products maker is planning to set up a new factory in South India in less than a year’s time, as its business scales in the region, according to the news agency PTI. Dabur, having reported a significant increase in its domestic sales from South India contributing 20 per cent of […]
