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India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
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IT Ministry Wants to Match China, beat Vietnam in Smartphone Exports Race, Documents Show
The government must "act fast" to lure global companies with lower tariffs and risks losing out to China and Vietnam as it seeks to become a major smartphone export hub according to Minister of State for Electronics and IT Rajeev Chandrasekhar. The government is attracting several companies such as Apple, Foxconn and Samsung to manufacture their de...
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India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
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India To Be 3rd Largest Economy By 2030, May Become Global Manufacturing Hub: S&P
S&P Global Ratings today said India will be the world's third-largest economy by 2030, but a major test for the country would be to unlock the 'immense opportunity' and become the next big global manufacturing hub.
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Indian Exporters Monitoring Respiratory Illness In China, Could Impact Trade
They said that the present situation is not alarming but if the illness spreads to other parts of the globe, it will have an impact on world trade as China is a hub of global manufacturing and exports.
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Apple Starts Selling Assembled in India iPhone 15 Models on Launch Day for First Time
Apple started shipping the iPhone 15 series earlier today and devices assembled in India are available to customers in the country on the first day of sale simultaneously with the China-made handsets. Multiple customers including celebrities like R Madhavan took to X to share a picture of their India-made iPhone 15 model.
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India Has Unique Opportunity To Become Global Manufacturing Hub This Decade: Economic Survey
"In this fast-evolving context, as global companies adapt their manufacturing and supply chain strategies to build resilience, India has a unique opportunity to become a global manufacturing hub this decade," the Survey said.
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China's Covid Epicentre Shifts To Guangzhou, More Lockdowns Likely
COVID19 cases sharply escalated in Guangzhou and other major Chinese cities, official data showed on Tuesday, with the global manufacturing hub fighting its worst flareup ever.
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Centre Undertakes Series of Reform Measures to Make India Global Drone Hub by 2030, MoS Civil Aviation Says
The government has taken various steps to make India a global drone hub by 2030, Minister of State for Civil Aviation VK Singh told the Rajya Sabha on Monday. The Centre has notified the Liberalised Drone Rules, 2021, and a PLI scheme for drones, published the Drone Airspace Map and UAS traffic management policy framework last year, among other mea...
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Auto Chip Shortage: How China Turned Into Ground Zero for Shortage Amid the Pandemic, More
The global auto chip shortage has affected China, the world’s biggest manufacturer of cars and leader in electric vehicles (EVs), as supply strains have been compounded by a zero-COVID lockdown in auto hub Shanghai that ended last month. The shortage is more acute than elsewhere and threatens to curb the nation's EV momentum. Here’s how China b...
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Ola Electric Said to Be in Talks With Global Suppliers to Begin Battery Cell Manufacturing Unit in India
Ola Electric is reportedly in talks with multiple global suppliers to build a battery cell manufacturing plant in India. Ola founder and CEO Bhavish Aggarwal has initiated talks with global suppliers from Germany, Korea, Japan and other hubs to fuel its battery manufacturing ambitions, suggests source.
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Finance Minister Nirmala Sitharaman Invites US Semiconductor Players to Invest in India
Finance Minister Nirmala Sitharaman attended a roundtable with business leaders and investors co-hosted by the US-India Business Council (USIBC) and Confederation of Indian Industry (CII) in the Silicon Valley, and invited the leading investors to become a part of India's growth story.
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India Approves $10 Billion Plan To Lure Semiconductor, Display Makers
India has approved a $10 billion incentive plan to attract semiconductor fabricators and display manufacturers, its technology minister said on Wednesday, as part of efforts to establish itself as a global electronics production hub.
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'India Will Be Among Top 5 Global Bio-Manufacturing Hubs By 2025'
India will be among the top five countries to be recognised as a global bio-manufacturing hub by 2025, Union Minister Jitendra Singh said on Friday, noting that India's bio-economy is on way to achieve $150-billion target from the current $70 billion.
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Chinese EV Maker Nio To Build a $7.7 Billion NeoPark For Global Expansion
The construction of the site began earlier this week and will be finished within a year's time. Nio expects a gross yearly output of $77.24 billion.
-
India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
-
IT Ministry Wants to Match China, beat Vietnam in Smartphone Exports Race, Documents Show
The government must "act fast" to lure global companies with lower tariffs and risks losing out to China and Vietnam as it seeks to become a major smartphone export hub according to Minister of State for Electronics and IT Rajeev Chandrasekhar. The government is attracting several companies such as Apple, Foxconn and Samsung to manufacture their de...
-
India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
-
India To Be 3rd Largest Economy By 2030, May Become Global Manufacturing Hub: S&P
S&P Global Ratings today said India will be the world's third-largest economy by 2030, but a major test for the country would be to unlock the 'immense opportunity' and become the next big global manufacturing hub.
-
Indian Exporters Monitoring Respiratory Illness In China, Could Impact Trade
They said that the present situation is not alarming but if the illness spreads to other parts of the globe, it will have an impact on world trade as China is a hub of global manufacturing and exports.
-
Apple Starts Selling Assembled in India iPhone 15 Models on Launch Day for First Time
Apple started shipping the iPhone 15 series earlier today and devices assembled in India are available to customers in the country on the first day of sale simultaneously with the China-made handsets. Multiple customers including celebrities like R Madhavan took to X to share a picture of their India-made iPhone 15 model.
-
India Has Unique Opportunity To Become Global Manufacturing Hub This Decade: Economic Survey
"In this fast-evolving context, as global companies adapt their manufacturing and supply chain strategies to build resilience, India has a unique opportunity to become a global manufacturing hub this decade," the Survey said.
-
China's Covid Epicentre Shifts To Guangzhou, More Lockdowns Likely
COVID19 cases sharply escalated in Guangzhou and other major Chinese cities, official data showed on Tuesday, with the global manufacturing hub fighting its worst flareup ever.
-
Centre Undertakes Series of Reform Measures to Make India Global Drone Hub by 2030, MoS Civil Aviation Says
The government has taken various steps to make India a global drone hub by 2030, Minister of State for Civil Aviation VK Singh told the Rajya Sabha on Monday. The Centre has notified the Liberalised Drone Rules, 2021, and a PLI scheme for drones, published the Drone Airspace Map and UAS traffic management policy framework last year, among other mea...
-
Auto Chip Shortage: How China Turned Into Ground Zero for Shortage Amid the Pandemic, More
The global auto chip shortage has affected China, the world’s biggest manufacturer of cars and leader in electric vehicles (EVs), as supply strains have been compounded by a zero-COVID lockdown in auto hub Shanghai that ended last month. The shortage is more acute than elsewhere and threatens to curb the nation's EV momentum. Here’s how China b...
-
Ola Electric Said to Be in Talks With Global Suppliers to Begin Battery Cell Manufacturing Unit in India
Ola Electric is reportedly in talks with multiple global suppliers to build a battery cell manufacturing plant in India. Ola founder and CEO Bhavish Aggarwal has initiated talks with global suppliers from Germany, Korea, Japan and other hubs to fuel its battery manufacturing ambitions, suggests source.
-
Finance Minister Nirmala Sitharaman Invites US Semiconductor Players to Invest in India
Finance Minister Nirmala Sitharaman attended a roundtable with business leaders and investors co-hosted by the US-India Business Council (USIBC) and Confederation of Indian Industry (CII) in the Silicon Valley, and invited the leading investors to become a part of India's growth story.
-
India Approves $10 Billion Plan To Lure Semiconductor, Display Makers
India has approved a $10 billion incentive plan to attract semiconductor fabricators and display manufacturers, its technology minister said on Wednesday, as part of efforts to establish itself as a global electronics production hub.
-
'India Will Be Among Top 5 Global Bio-Manufacturing Hubs By 2025'
India will be among the top five countries to be recognised as a global bio-manufacturing hub by 2025, Union Minister Jitendra Singh said on Friday, noting that India's bio-economy is on way to achieve $150-billion target from the current $70 billion.
-
Chinese EV Maker Nio To Build a $7.7 Billion NeoPark For Global Expansion
The construction of the site began earlier this week and will be finished within a year's time. Nio expects a gross yearly output of $77.24 billion.
