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iPhone Shipments From India Cross $50 Billion Under PLI Scheme, IT Minister Says
Apple has shipped iPhone models worth $50 billion (about Rs. 4.51 Lakh Crore) since FY22, when it was onboarded the production-linked incentive (PLI) scheme, Union IT Minister Ashwini Vaishnaw said. According to a report, the Cupertino-based tech giant managed to ship Indian made iPhone models about $16 billion (about Rs. 1.44 Lakh Crore) in the fi...
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PLI Auto Scheme Drives Rs 1.76 Lakh Cr Investment, Creates Over 12 Lakh Jobs In India
The scheme has an outlay of Rs 10,900 crore over a period of four years and aims to incentivise the sale of e-2W, e-3W, e-Ambulances, e-Trucks, and e-buses.
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Acer India Launches New Laptop Manufacturing Facility in Puducherry, Says Committed to Make in India Mission
Acer India announced the launch of a new laptop manufacturing facility in the country on Wednesday. The facility has been constructed in Puducherry, the capital of the Union Territory of Puducherry, located on the southeast coast of India. Acer partnered with Plumage Solutions to expand its domestic manufacturing of IT hardware.
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Shrinking Profit Margins Unwind Popular ‘Make in India’ Trade in Electronics
Following triple-digit share gains in recent years, electronics manufacturers — who make everything from Samsung Electronics phones to air conditioning units — are facing a sharp reversal as investor enthusiasm cools.
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Ola Electric Receives Rs 73.7 Crore Incentive Under PLI Scheme
Ola Electric has received a sum of Rs 73.74 crore under the PLI scheme from the Government of India, the Ministry of Heavy Industries.
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Ola Electric Gets Government Notice for Missing Battery Plant Setup Target
Ola Electric received a letter from the federal government on Tuesday for missing a key milestone in the setup of its planned battery "gigafactory". The Rs. 181 billion ($2.07 billion) scheme required companies to set up manufacturing facilities within two years.
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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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iPhone Shipments From India Cross $50 Billion Under PLI Scheme, IT Minister Says
Apple has shipped iPhone models worth $50 billion (about Rs. 4.51 Lakh Crore) since FY22, when it was onboarded the production-linked incentive (PLI) scheme, Union IT Minister Ashwini Vaishnaw said. According to a report, the Cupertino-based tech giant managed to ship Indian made iPhone models about $16 billion (about Rs. 1.44 Lakh Crore) in the fi...
-
PLI Auto Scheme Drives Rs 1.76 Lakh Cr Investment, Creates Over 12 Lakh Jobs In India
The scheme has an outlay of Rs 10,900 crore over a period of four years and aims to incentivise the sale of e-2W, e-3W, e-Ambulances, e-Trucks, and e-buses.
-
Acer India Launches New Laptop Manufacturing Facility in Puducherry, Says Committed to Make in India Mission
Acer India announced the launch of a new laptop manufacturing facility in the country on Wednesday. The facility has been constructed in Puducherry, the capital of the Union Territory of Puducherry, located on the southeast coast of India. Acer partnered with Plumage Solutions to expand its domestic manufacturing of IT hardware.
-
Shrinking Profit Margins Unwind Popular ‘Make in India’ Trade in Electronics
Following triple-digit share gains in recent years, electronics manufacturers — who make everything from Samsung Electronics phones to air conditioning units — are facing a sharp reversal as investor enthusiasm cools.
-
Ola Electric Receives Rs 73.7 Crore Incentive Under PLI Scheme
Ola Electric has received a sum of Rs 73.74 crore under the PLI scheme from the Government of India, the Ministry of Heavy Industries.
-
Ola Electric Gets Government Notice for Missing Battery Plant Setup Target
Ola Electric received a letter from the federal government on Tuesday for missing a key milestone in the setup of its planned battery "gigafactory". The Rs. 181 billion ($2.07 billion) scheme required companies to set up manufacturing facilities within two years.
-
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...
