One of Apple’s major Chinese component manufacturers, Luxshare, has reportedly opted to invest in Vietnam instead of India, citing political tensions between the two nations. According to media reports, Luxshare’s decision to invest USD 330 million in Vietnam’s northern province of Bac Giang comes after several unsuccessful attempts to expand its operations in India over […]
Daikin Air-conditioning India has revealed its plans to initiate operations at its third manufacturing facility in India by the end of 2023, according to a media release issued on Monday. The upcoming 75-acre factory, located in Sri City, Andhra Pradesh, is strategically positioned to meet the rising demand for domestically and internationally manufactured air conditioning […]
Indian manufacturing has accelerated through the second quarter of 2023-24 and is likely to continue for the subsequent quarters of the financial year 2023-24, notwithstanding the slowdown in developed nations, industry body FICCI’s latest quarterly survey revealed. The industry body’s latest quarterly survey assessed the performance and sentiments of manufacturers for the July-September 2023-24 quarter […]
Asia-Pacific (APAC) steel producers are poised for positive developments as an improving supply-demand balance promises to widen industry margins, aided by declining costs for essential raw materials, According to a report by Fitch Ratings. Chinese steel consumption has remained steady, with a flat year-on-year performance in 9M23. This stability is attributed to robust investments in […]
Minister for Electronics and Information Technology Ashwini Vaishnaw announced on Friday at India Mobile Congress (IMC) that nearly 80 per cent of the equipment used in 5G technology is produced within. He further highlighted that locally designed and manufactured telecom equipment is exported to 72 countries in the world. Speaking to the media on the […]
Foxconn, Apple’s largest contract electronics manufacturer, shares dropped by three per cent on Monday after the Chinese tax officials launched a probe into the land used by the company. Chinese state-sponsored media said some of Foxconn’s key subsidiaries in China were the subject of tax audits and that China’s natural resources department had also conducted […]
Alphabet Inc will manufacture its Pixel smartphones in India, the company announced on Thursday at the ‘Google for India 2023’, the ninth edition of its annual India-specific event. The devices, starting with Pixel 8, are expected to begin rolling out in markets from 2014, Rick Osterloh, senior vice president of devices and services, Google, said […]
Prime Minister Narendra Modi virtually interacted with CEO of Google and Alphabet Sundar Pichai earlier on Monday. During the interaction, PM Modi and Pichai discussed Google’s plan to participate in expanding the electronics manufacturing ecosystem in India. Prime Minister appreciated Google’s partnership with HP to manufacture Chromebooks in India. Prime Minister acknowledged Google’s 100 languages […]
Union Minister Piyush Goyal on Thursday asked the industrialists of the country to accelerate production activity and contribute to making India a global hub for manufacturing. “The minister asked the industry to accelerate production activity and contribute to making India a global hub for manufacturing. The Minister emphasized the Government’s steadfast commitment to providing consistent […]
In the initial four months of the financial year, 2023-24 (April-July), India reported smartphone exports worth USD 4.67 billion, highlighting the United States emerging as the principal destination for India-manufactured devices, with exports skyrocketing to USD 1.67 billion during this period. According to the commerce ministry data, It is an increase from the USD 284.6 […]
