India plans $5 billion incentive scheme to boost local electronics manufacturing
New Delhi: India is set to introduce an incentive program worth up to $5 billion to encourage domestic manufacturing of components for gadgets such as mobile phones and laptops, media reports said.
India must do more to boost manufacturing and job creation: Raghuram Rajan
Mumbai: India has made significant progress in infrastructure over the past decade, but more needs to be done in other sectors to enhance local manufacturing and job creation, former RBI Governor Raghuram Rajan said on Thursday.
Semicon India 2024: PM Modi aims for India’s electronics sector to reach $500 billion by 2030
Noida (UP): Prime Minister Narendra Modi has set a target of expanding India's electronics sector to $500 billion by the end of the decade.
New Delhi: Lockheed Martin, a U.S.-based defence company, has partnered with Tata Advanced Systems Ltd to strengthen their collaboration on the C-130J Super Hercules tactical airlifter project, media reports said.
iPhone production in India expected to account for 25% of global shipments by 2025, says report
New Delhi/IBNS: Driven by the 'Make in India' initiative and the production-linked incentive (PLI) scheme, Apple's flagship iPhone production in India has increased from under 1 percent in 2017 to 10 percent in 2023, and the American tech giant's goal is to scale up this figure to 25 percent of global shipments by 2025, according to a latest report by global investment firm Jefferies.
DRDO approves 7 new projects to boost India's defence production
New Delhi: The Defence Research & Development Organisation (DRDO) has made a big move towards bolstering India's self-reliance in the defence sector by approving seven new projects under the Technology Development Fund (TDF) scheme, media reported.
Jaguar Land Rover to make iconic Range Rover models in India; prices likely to come down
Mumbai: Jaguar Land Rover has said it will start assembling the iconic Range Rover models at the Pune plant in India, marking the first time this process will occur outside of the UK.
AJAX Engineering becomes first Indian concreting equipment manufacturer to export Slip-form Paver
Kolkata: AJAX Engineering, India's premier concreting equipment manufacturer, becomes the country’s first manufacturer to export Slip-form Pavers, a specialised heavy concrete equipment utilised primarily in large scale infrastructure projects for the efficient and precise laying of concrete.
India's defence sector holds prospect of USD 138 billion from FY24 to FY32
New Delhi: Amid increasing demand for defence equipment, technologies, and services, India's defence sector holds a substantial ordering prospect of nearly USD 138 billion from FY24 to FY32 for companies involved in defence production and technology advancement, according to a report titled 'India Defence' by Nomura.
Bengaluru: Apple is in talks with the Murugappa Group and Tata Group's Titan Company for manufacturing sub-components for iPhone camera modules, media reports said.
India eyes US$100 billion annual FDI from investors looking to diversify from China
New Delhi: India is targeting a minimum of US$100 billion annually in gross foreign direct investment, as the country seeks to attract investors seeking diversification from China, media reports said.
Manufacturing will be India's focus in next 5 yrs: Ashwini Vaishnaw
New Delhi: Manufacturing will be India’s focus in the next five years owing to huge employment potential, IT Minister Ashwini Vaishnaw said on Thursday.
C-DOT and Qualcomm sign MoU to build innovative telecom solutions in India
New Delhi: The Centre for Development of Telematics (C-DOT) announced plans to collaborate with Qualcomm Technologies Inc, a subsidiary of Qualcomm Incorporated, to establish a strategic partnership that will foster innovation in India and support India-based developers and start-ups working on innovative products and use cases.
New Delhi: The Ministry of Defence inked five significant capital acquisition deals worth Rs 39,125.39 crore on Friday in New Delhi to boost the government’s Make-in-India initiative and indigenous capabilities in defence.
Govt's talks with Elon Musk's Tesla to gain momentum after general elections: Report
New Delhi: Discussions between the Indian Government and Tesla in connection with Tesla's entry into the electric vehicles (EV) sector in India are expected to slow down due to the upcoming general elections, a media report said.