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iPhone Production in India Reaches $10 Billion Milestone With PLI Scheme, Says IT Minister
Apple’s iPhone production in India hit the $10 billion (roughly Rs. 84,000 crore) freight-on-board (FoB) value between the months of April and October of FY25, IT Minister Ashwini Vaishnaw revealed, citing a report, on Monday. This translates into a growth of 37 percent compared to the same period in FY24, courtesy of the government’s productio...
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India Needs Improved Renewables Transmission Capacity, Says Power Secretary
India needs to explore the need for a production-linked incentive (PLI) scheme to improve its renewable energy transmission capacity, power secretary Pankaj Agarwal said at an event on Monday.
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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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Apple Supplier Foxconn in Talks to Assemble iPad at Its Tamil Nadu Plant: Report
Apple supplier Foxconn seems to be eyeing expanding its operation in India. The Taiwan-based company is reportedly evaluating plans to assemble iPad in the country. Until now, Foxconn and other contract manufacturers of Apple in India have assembled only iPhone models. The latest iPhone 15 series was assembled in Foxconn's Chennai factory. In rece...
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Asus Still at Learning Stage for Manufacturing in India: Peter Chang
On the back of the Indian government’s revamped production-linked incentive (PLI) scheme promising an outlay of Rs. 17,000 crore for IT hardware, Asus set up a new manufacturing unit in Chennai last year. It’s early days, but Asus aims to ramp up local production in the coming years.
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27 Companies Approved Under PLI Scheme For IT Hardware, Says Minister
Union Minister Ashwini Vaishnaw, announced a significant milestone in India's IT hardware sector, stating that 27 companies have received approval under the Production Linked Incentive Scheme (PLI) within a short timeframe.
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HP Partners With Google to Manufacture Chromebooks in India Starting Next Month
HP is collaborating with Google to manufacture Chromebooks in India to meet local requirements, the PC maker said on Thursday. The Chromebook devices will be manufactured at the company's Flex Facility near Chennai, Tamil Nadu.
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India Plans $2 Billion In Incentives For New Manufacturing Sectors: Report
India is planning to offer incentives of up to Rs 18,000 Crore ($2.2 billion) to spur local manufacturing in six new sectors including chemicals, shipping containers and inputs for vaccines, two government officials said.
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38 Companies Apply To Manufacture Laptops In India: Union Minister
The government has received 38 applications for the PLI Scheme 2.0 for IT hardware of which over 25 are domestic companies, said IT and communications Minister Ashwini Vaishnaw on Wednesday during a press conference.
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On Making Laptops Under Centre's Scheme, Union Minister Shares An Update
Union Electronics and Information Technology Minister Ashwini Vaishnaw on Wednesday said that an excellent response has been received for the production of laptops and PCs under the hardware Production Linked Incentive Scheme (PLI).
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Indian Government Met Foxconn, Samsung Electronics, Others to Discuss PLI Scheme
The Indian government met large global firms such as Foxconn, Samsung Electronics and Reliance Industries to find ways to boost manufacturing in the country with its production-linked incentive (PLI) scheme. The meeting, addressed by India's Trade Minister Piyush Goyal on Tuesday, comes amid concerns that some of the businesses were facing delays i...
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"False Figures": Minister Slams Raghuram Rajan's Central Scheme Criticism
Terming former RBI governor Raghuram Rajan as a repeat offender, Union Minister Rajeev Chandrasekhar on Thursday issued a word-by-word rebuttal of his criticism of the production-linked incentive scheme for mobile phone manufacturing.
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Cabinet Approves Rs. 17,000 Crore-PLI Scheme to Boost Local Production of Laptops, Tablets
The Union Cabinet on Wednesday approved a Rs. 17,000 crore-incentive to boost local manufacturing of IT hardware like tablets and laptops, and the scheme is projected to generate an incremental production worth Rs. 3.35 lakh crore over a period of six years.
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Centre Approves Rs 17,000 Crore PLI Scheme For IT Hardware
The Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Production Linked Incentive Scheme 2.0 for IT Hardware with a budgetary outlay of Rs 17,000 crore.
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India's Mobile Exports to Exceed $10 Billion in FY 2022-23, Says Union Minister Ashwini Vaishnaw
The telecom industry in India has become investment-oriented and an employment generator and exports of mobile are expected to exceed USD 10 billion in the current financial year 2022-23, said Union minister Ashwini Vaishnaw.
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iPhone Production in India Reaches $10 Billion Milestone With PLI Scheme, Says IT Minister
Apple’s iPhone production in India hit the $10 billion (roughly Rs. 84,000 crore) freight-on-board (FoB) value between the months of April and October of FY25, IT Minister Ashwini Vaishnaw revealed, citing a report, on Monday. This translates into a growth of 37 percent compared to the same period in FY24, courtesy of the government’s productio...
-
India Needs Improved Renewables Transmission Capacity, Says Power Secretary
India needs to explore the need for a production-linked incentive (PLI) scheme to improve its renewable energy transmission capacity, power secretary Pankaj Agarwal said at an event on Monday.
-
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.
-
Apple Supplier Foxconn in Talks to Assemble iPad at Its Tamil Nadu Plant: Report
Apple supplier Foxconn seems to be eyeing expanding its operation in India. The Taiwan-based company is reportedly evaluating plans to assemble iPad in the country. Until now, Foxconn and other contract manufacturers of Apple in India have assembled only iPhone models. The latest iPhone 15 series was assembled in Foxconn's Chennai factory. In rece...
-
Asus Still at Learning Stage for Manufacturing in India: Peter Chang
On the back of the Indian government’s revamped production-linked incentive (PLI) scheme promising an outlay of Rs. 17,000 crore for IT hardware, Asus set up a new manufacturing unit in Chennai last year. It’s early days, but Asus aims to ramp up local production in the coming years.
-
27 Companies Approved Under PLI Scheme For IT Hardware, Says Minister
Union Minister Ashwini Vaishnaw, announced a significant milestone in India's IT hardware sector, stating that 27 companies have received approval under the Production Linked Incentive Scheme (PLI) within a short timeframe.
-
HP Partners With Google to Manufacture Chromebooks in India Starting Next Month
HP is collaborating with Google to manufacture Chromebooks in India to meet local requirements, the PC maker said on Thursday. The Chromebook devices will be manufactured at the company's Flex Facility near Chennai, Tamil Nadu.
-
India Plans $2 Billion In Incentives For New Manufacturing Sectors: Report
India is planning to offer incentives of up to Rs 18,000 Crore ($2.2 billion) to spur local manufacturing in six new sectors including chemicals, shipping containers and inputs for vaccines, two government officials said.
-
38 Companies Apply To Manufacture Laptops In India: Union Minister
The government has received 38 applications for the PLI Scheme 2.0 for IT hardware of which over 25 are domestic companies, said IT and communications Minister Ashwini Vaishnaw on Wednesday during a press conference.
-
On Making Laptops Under Centre's Scheme, Union Minister Shares An Update
Union Electronics and Information Technology Minister Ashwini Vaishnaw on Wednesday said that an excellent response has been received for the production of laptops and PCs under the hardware Production Linked Incentive Scheme (PLI).
-
Indian Government Met Foxconn, Samsung Electronics, Others to Discuss PLI Scheme
The Indian government met large global firms such as Foxconn, Samsung Electronics and Reliance Industries to find ways to boost manufacturing in the country with its production-linked incentive (PLI) scheme. The meeting, addressed by India's Trade Minister Piyush Goyal on Tuesday, comes amid concerns that some of the businesses were facing delays i...
-
"False Figures": Minister Slams Raghuram Rajan's Central Scheme Criticism
Terming former RBI governor Raghuram Rajan as a repeat offender, Union Minister Rajeev Chandrasekhar on Thursday issued a word-by-word rebuttal of his criticism of the production-linked incentive scheme for mobile phone manufacturing.
-
Cabinet Approves Rs. 17,000 Crore-PLI Scheme to Boost Local Production of Laptops, Tablets
The Union Cabinet on Wednesday approved a Rs. 17,000 crore-incentive to boost local manufacturing of IT hardware like tablets and laptops, and the scheme is projected to generate an incremental production worth Rs. 3.35 lakh crore over a period of six years.
-
Centre Approves Rs 17,000 Crore PLI Scheme For IT Hardware
The Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Production Linked Incentive Scheme 2.0 for IT Hardware with a budgetary outlay of Rs 17,000 crore.
-
India's Mobile Exports to Exceed $10 Billion in FY 2022-23, Says Union Minister Ashwini Vaishnaw
The telecom industry in India has become investment-oriented and an employment generator and exports of mobile are expected to exceed USD 10 billion in the current financial year 2022-23, said Union minister Ashwini Vaishnaw.
