Nine out of Eleven component manufactures of Apple convinced to shift their plants from China to India: Union minister Ravi Shankar Prasad

Union Minister for IT and Communications Ravi Shankar Prasad on Thursday said that the Modi government was able to convince nine of the eleven component-makers of Apple Inc to move away from China to set up their plants in India. Speaking at the inaugural session of the 23rd edition of the Bengaluru Tech Summit held … Read more

Government urges tech giant Apple to expand manufacturing in India to make products worth $50 billion in a year

Moving ahead with the vision of the Make in India programme, the Modi government has urged tech giant Apple Inc to generate annual production output worth around $50 billion in India over the next 5-6 years. The move comes after a high-level meeting top government officials held with senior representatives from Apple. The govt of India has … Read more

‘Apple can’t leave China’ is a myth that has already been broken by India

‘Apple can’t leave China’ is a myth that still lures many people, including the American-Chinese scholar Doug Guthrie, who believes  Apple and China’s destiny is inextricably linked. In his podcast with Chris Marquis, which was published on 7th January 2022, the scholar made a case against Apple’s recent efforts to reduce its dependence on China and propagated … Read more

Apple and Samsung to manufacture smartphones worth $5 billion in FY23, may outperform govt’s PLI Scheme target by more than 50%

In the financial year 2022-23, Apple and Samsung are set to manufacture smartphones worth over $5 billion (almost Rs 37,000 crore) in India. The two behemoths are on track to outperform the government’s PLI Scheme objectives by more than 50%. IANS spoke with Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA). “The leading global … Read more

Make in India: Luggage maker Samsonite to expand its Nashik plant to make India its largest manufacturing base

Samsonite, the well-known global luggage manufacturer and retailer intends to expand its production capacity in India by establishing the largest manufacturing operation in Maharashtra’s Nashik district. The corporation has two operating units in Belgium and Hungary in Europe. According to Jai Krishnan who is the CEO of Samsonite South Asia Pvt. Ltd in India, the … Read more

Production Linked Incentive (PLI) Schemes resulted in over ₹1.03 lakh crore investment till November 2023, contributes to exports over ₹3.20 lakh crore

Production Linked Incentive (PLI) Schemes launched by the Modi government has resulted in over Rs. 1.03 lakh crore of investment till November 2023, the Ministry of Commerce & Industry said on Wednesday, 17th January 2024. A statement issued by the ministry said that this has led to production/ sales of Rs. 8.61 lakh crore and … Read more