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India-made iPhones breach $10 billion milestone, reveals IT Minister Ashwini Vaishnaw
3 weeks, 5 days ago

India-made iPhones breach $10 billion milestone, reveals IT Minister Ashwini Vaishnaw

Firstpost  

The PLI scheme continues to play a pivotal role in attracting global tech giants like Apple to India, bolstering the country’s position as a key player in the global electronics manufacturing ecosystem Apple’s expansion in India shows no signs of slowing down. Image Credit: Firstpost | Mehul Reuben Das India’s iPhone production has hit a remarkable milestone, surpassing $10 billion …

India Manufacturing Crore Billion Cent Vaishnaw Pli
Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up
5 months ago

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up

The Hindu  

US smartphone major Apple assembled 14% of global iPhones in India in FY24 and the country's ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on July 22. "Apple assembled $14 billion worth of iPhones in India during FY'24, constituting 14% of its global iPhone production," the Economic Survey said citing third-party data. The survey recorded …

Global India Manufacturing Electronics Exports Export Pli
India plans to expand production-linked incentives for small textile firms: minister
5 months, 4 weeks ago

India plans to expand production-linked incentives for small textile firms: minister

Hindustan Times  

By Manoj Kumar India plans to expand production-linked incentives for small textile firms: minister NEW DELHI - India plans to expand production linked incentives to small textile firms soon, part of efforts to increase garment exports to $50 billion by 2030, the federal textile minister said on Tuesday. The government introduced incentives for the textile sector in 2021, and has …

India Production Incentives Minister Billion Pli Small Textile
India's electronics sector loses ₹1.25 lakh crore due to India-China tensions
6 months, 1 week ago

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions

Hindustan Times  

Escalating tensions with China are said to have cost Indian electronics manufacturers $15 billion in production losses as well as 100,000 jobs in the past four years, the Economic Times reported. In submissions to various ministries, the electronics manufacturing industry said India has also lost out on a $10 billion export opportunity besides $2 billion in value addition loss, according …

India China Industry Manufacturing Indian Electronics Executives
Apple exports iPhones worth over Rs 16,500 crore in April-May from India
6 months, 1 week ago

Apple exports iPhones worth over Rs 16,500 crore in April-May from India

India TV News  

Apple has reportedly achieved a significant milestone of exporting the ‘made in India’ iPhones which was worth more than Rs 16,500 crore in the first 2 months of the ongoing financial year. FY24 success and record production Apple has concluded FY24 with a substantial iPhone production value of around USD 14 billion in India. Strengthening domestic manufacturing Highlighting India’s growing …

India Manufacturing Apple Production Cent Iphone Pli
Apple shows the way for electronics exports
8 months, 1 week ago

Apple shows the way for electronics exports

Hindustan Times  

At $10 billion in FY24, exports of India-assembled iPhones have doubled from the previous fiscal. While the iPhone instance is evidence of policies such as the PLI for smartphones working, India must do more to convince the world that it has the makings of a preferred China+1 destination for electronics exports. At present, the world may seem more inclined towards …

India China Electronics Exports
Boost for Make in India: GoI approves subsidies for Foxconn, Lenovo, other hardware firms under PLI scheme
1 year, 1 month ago

Boost for Make in India: GoI approves subsidies for Foxconn, Lenovo, other hardware firms under PLI scheme

Firstpost  

The new subsidies will directly create at least 50,000 jobs and indirectly, about 150,000 more jobs. The approved companies include Dell, HP, and Asus In a strategic move to enhance domestic manufacturing and position itself as a key player in the global electronics supply chain, India has sanctioned subsidies for some of the world’s leading tech hardware companies. Four companies …

India China Tech Manufacturing Indian Companies Foxconn
‘80% funds allocated for semiconductor manufacturing scheme remain unused’
1 year, 1 month ago

‘80% funds allocated for semiconductor manufacturing scheme remain unused’

The Hindu  

About $8 billion of the $10 billion allocated by the Union government for the production of semiconductors under the production-linked incentive scheme remains untapped, a top Industry Ministry official said on Tuesday. Urging Korean investors, who have invested $5.6 billion in India since April 2000, to use the semiconductor PLI along with upcoming opportunities for investments in battery storage solutions, …

India Billion Singh Korean Pli Funds Allocated Manufacturing Scheme
Smartphone manufacturing: How 'Make in India' is marking a difference
1 year, 1 month ago

Smartphone manufacturing: How 'Make in India' is marking a difference

Firstpost  

The decisions by the likes of Apple, Foxconn and Micron to either expand or establish their India presence could not have come at a better time As India is looking to become the third largest economy in the world in the coming years, cutting-edge technologies across 5G/6G, satellite communication and semiconductors will contribute towards this growth. More than 90 per …

India China Congress Manufacturing Indian Samsung Apple
Explained | The debate over India’s smartphone manufacturing dreams
1 year, 4 months ago

Explained | The debate over India’s smartphone manufacturing dreams

The Hindu  

The story so far: Over the last few months, former RBI governor Raghuram Rajan and the Minister of State for Electronics Rajeev Chandrasekhar have sparred over how well a Central government scheme to boost electronics manufacturing has been faring. It started when Mr. Rajan, along with two other economists, released a brief discussion paper arguing that the programme isn’t really …

India Mobile Phones Mobile Manufacturing Phones Minister Scheme
Mobile manufacturing exceeds 2 billion units through 'Make in India' initiative: Report
1 year, 4 months ago

Mobile manufacturing exceeds 2 billion units through 'Make in India' initiative: Report

India TV News  

'Make in India' mobile phone shipments crossed the 2-billion cumulative units mark during 2014-2022, registering a 23 per cent Compound annual growth rate, the latest research showed on Monday. "Local value addition in India currently stands at an average of more than 15 per cent, compared to the low single digits eight years ago," he informed. "Going forward, we may …

India Mobile Manufacturing Phone
'Raghuram Rajan used false figures to...': Union Minister
1 year, 6 months ago

'Raghuram Rajan used false figures to...': Union Minister

India TV News  

Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, on Thursday hit out at former Reserve Bank of India Governor Raghuram Rajan for raising concerns over the government's performance-linked incentive scheme, saying that he used false figures, questionable analysis, and advice of unidentified "industry experts" for his research paper. The imports linked to mobile phone manufacturing are merely $22 …

India Mobile Phones Mobile Manufacturing Phone Minister Billion
Govt makes renewed push to boost hardware manufacturing
1 year, 7 months ago

Govt makes renewed push to boost hardware manufacturing

Live Mint  

New Delhi : The Union cabinet on Wednesday approved a six-year production-linked incentive scheme for IT hardware, including laptops, tablets, personal computers, servers and edge computing devices, with an outlay of ₹17,000 crore. Telecom minister Ashwini Vaishnaw said the scheme would attract top hardware companies such as HP, Dell and Apple to India. “We’re confident that the changes made in …

India Manufacturing Indian Electronics Hardware Vaishnaw Pli
Will WTO ruling impact Make-in-India plans?
1 year, 8 months ago

Will WTO ruling impact Make-in-India plans?

Live Mint  

The World Trade Organization has found India’s tariffs on mobile phones and electronic components inconsistent with global norms. If its appellate tribunal now upholds the ruling, it could slow FDI flow into India’s booming electronics sector. Murali Kallummal, professor, Centre for WTO Studies, IIFT, said the panel’s ruling will therefore have no impact on the industry right now as the …

India Ruling Wto Pli Scheme
Samsung's India unit claims government owes it $110 million. Govt says...
1 year, 11 months ago

Samsung's India unit claims government owes it $110 million. Govt says...

Hindustan Times  

Samsung Electronics Co. is struggling to collect manufacturing incentives it considers it’s owed by India, highlighting the sometimes complicated nature of such government programs. Samsung's India unit claims government owes it $110 million. Read here: Amazon Republic Day Sale: Here are top 6 picks in mobile phones, up to 37% off The smartphone giant’s India unit is seeking just under …

India Samsung Billion Pli
Healthy economic growth of India, more FDI equity inflow in 2023, say experts
1 year, 11 months ago

Healthy economic growth of India, more FDI equity inflow in 2023, say experts

Live Mint  

Despite the Russia-Ukraine war, US monetary policy, and other global uncertainties, the Indian economy is projected to remain healthy. India may attract the eyes of overseas investors in 2023 as well on account of measures such as the rollout of the production-linked incentive schemes and the projection of healthy economic growth. As per the latest figures of the government, India …

Pli Fdi Healthy India
Anand Mahindra hails PLI scheme as India produces worth ₹2.75 lakh cr mobiles
2 years, 2 months ago

Anand Mahindra hails PLI scheme as India produces worth ₹2.75 lakh cr mobiles

Live Mint  

Mahindra Group Chairman Anand Mahindra lauded the success of the PLI scheme for mobile phones. As per Mahindra's post, India produced worth ₹2.75 lakh crore mobile phones in 2021-22 which in 2016-17 stood at ₹90,000 crore. Sharing the success of India's mobile manufacturing capacity and the rise in export, Anand Mahindra wrote, "Pause & absorb what is essentially a peek …

India Mobile Phones Mobile Mobile Phone Mahindra Phone Phones
Explained | A push for the semiconductor industry
2 years, 2 months ago

Explained | A push for the semiconductor industry

The Hindu  

The story so far: In a bid to make India’s $10 billion chip-making initiative more attractive to investors, the Centre on September 21, approved changes to the scheme for the development of a semiconductor and display manufacturing ecosystem in the country. In December 2021, India announced its roughly $10 billion dollar production-linked incentive scheme to encourage semiconductor and display manufacturing …

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Cotton Prices Started Softening Of Late, Govt To Formulate PLI 2.0 For Textiles: Secretary
2 years, 6 months ago

Cotton Prices Started Softening Of Late, Govt To Formulate PLI 2.0 For Textiles: Secretary

News 18  

Cotton prices have been higher for quite a while now and the government is in the process of formulating PLI 2.0 for the textile industry, Textiles Secretary Upendra Prasad Singh said adding that the next round of PLI should be for apparel & garments. He also said cotton exports have seen a growth of 10-12 per cent and the textile …

Textiles Cotton Cent Pli Textile Cotton Prices Cotton Exports
On The Semiconductor Train: India's First Chip Plant to Be Built in Karnataka with ISMC's $3B Investment
2 years, 7 months ago

On The Semiconductor Train: India's First Chip Plant to Be Built in Karnataka with ISMC's $3B Investment

News 18  

The Karnataka government said at the weekend that a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor, the International Semiconductor Consortium, will invest $3 billion in the southern state to build India’s first chip manufacturing plant. The latest announcement by Karnataka state authorities implies that the government’s incentive system to turn India into a semiconductor hub …

Karnataka Semiconductor Pli Chip Ismc Train India
iPhones worth Rs 47,000 Crore To Be Made in India In FY23; More Cheaper Apple Phones This Year?
2 years, 7 months ago

iPhones worth Rs 47,000 Crore To Be Made in India In FY23; More Cheaper Apple Phones This Year?

News 18  

Apple’s iPhones worth Rs 47,000 crore are expected to be made in India in the current financial year, compared with Rs 10,000 crore worth of these smartphones manufactured in the financial year 2021-22, according to an ET report quoting sources. Apple to see record shipments of around seven million units this year, giving it its highest-ever market share of 5.5 …

India Manufacturing Electronics Cent Scheme Foxconn Pli
Manufacturing in India Sees 210% Jump in FY22; Private Investment Picks Up: Goldman Sachs
2 years, 7 months ago

Manufacturing in India Sees 210% Jump in FY22; Private Investment Picks Up: Goldman Sachs

News 18  

New investments and ordering activities have seen a sharp pick-up in the financial year 2021-22, and the manufacturing sector, which has lagged for multiple years, saw a jump of 210 per cent, compared with the previous financial year 2020-21. The sector witnessed a 460 per cent jump in 2021-22 as against 2019-20, according to a report by Goldman Sachs. “Contract …

Sector Cent Pli Goldman Sachs Incentive Compared Fy22
Monte Carlo, Arvind, 59 others make the cut for textile PLI sops
2 years, 8 months ago

Monte Carlo, Arvind, 59 others make the cut for textile PLI sops

Live Mint  

Monte Carlo Fashions Ltd, Arvind Ltd, Trident Ltd and Kimberly Clark India Pvt. “The proposed total investment expected from the applicants is ₹19,077 crore, and the projected turnover is ₹184,917 crore over five years with proposed direct employment of 240,134,” Union textiles secretary U.P. In December, the government approved the PLI scheme for textiles, offering incentives worth ₹10,683 crore over …

India Textiles Prices Cotton Crore Singh Scheme
Bargaining Chips: Intel to Set Up Semiconductor Plant in Germany, But What about India?
2 years, 9 months ago

Bargaining Chips: Intel to Set Up Semiconductor Plant in Germany, But What about India?

News 18  

Intel announced on March 15 that Germany will be the site of a massive chipmaking facility. In September last year, Intel CEO Pat Gelsinger revealed intentions to invest $88 billion in Europe over the next decade in order to enhance chip manufacturing capacity in the region. Intel’s Plans For India According to reports from last year, Intel expressed interest in …

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