India’s manufacturers cash in as brands seek refuge from US-China tensions

Indian firm Dixon Technologies is capitalising on Prime Minister Narendra Modi's push to boost manufacturing in the country, as global brands seek to diversify their suppliers away from China amid political uncertainty and tensions between Washington and Beijing. Dixon, which assembles smartphones for Motorola, is producing 500,000 units a month and has plans to expand its plant to meet increasing demand. The Modi government's Production Linked Incentive (PLI) scheme offers cash incentives to firms in various industries, including electronics, to boost manufacturing in India.

aljazeera.com

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8/2/2023

Foxconn to invest $600M in Karnataka for iPhone components, chip-making tools projects

Main topic: Foxconn's investment in chip-equipment manufacturing and casing components for iPhones in Karnataka, India. Key points: 1. Foxconn will invest $600 million in two projects in Karnataka for chip-equipment manufacturing and casing components for iPhones. 2. The Taiwanese company signed a letter of intent with the Karnataka government. 3. The projects will create 13,000 jobs in the state. 4. Foxconn has partnered with Applied Materials on the semiconductor manufacturing project. 5. This investment follows Foxconn's deal with the state of Tamil Nadu to invest $194 million in a new electronic components manufacturing facility. 6. India has been attracting global manufacturers and suppliers with incentives to become a global semiconductor and hardware manufacturing hub. 7. Other companies, such as Micron and Apple, have also announced investments in India's semiconductor industry. 8. A previous joint venture between Foxconn and Vedanta ended, but Foxconn remains committed to India and will apply for incentives.

8/26/2023

Can India sustain electronics sector's spark?

India has become an attractive destination for global electronics manufacturers, with companies like Apple, Cisco, and Luxshare setting up manufacturing operations in the country to diversify from China and tap into India's large market, workforce, and vibrant presence of micro, small, and medium enterprises; however, there is a need for policy intervention to ensure growth extends beyond assembly units and focuses on creating an ecosystem for component manufacturing and value-addition to move up the value chain.

8/30/2023

India says Dell, HP among 32 firms that applied to make laptops locally

At least 32 international electronics companies have applied to India's incentive program to manufacture laptops, tablets, and servers in the country as part of the government's push to boost domestic manufacturing capacity.

9/17/2023

Government Plans Rs 12,000 Crore PLI Scheme to Boost Domestic Manufacturing of Heavy Machinery

The Indian government is developing a ₹12,000 crore production-linked incentive (PLI) scheme for heavy machinery used in mining and construction, with the aim of attracting investment, reducing dependence on imports, and generating employment in the sector. The scheme will focus on manufacturing large-sized machines and components, and is expected to contribute to infrastructure growth.

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Posted 9/6/2023, 8:07:08 AM