Phone companies including Panasonic, Lava to scale up local production

Mobile phone makers such HMD Global, Lava and Panasonic are finalising plans, including investments, for higher scale of local manufacturing, in tandem with the government’s likely imposition of duty on imported printed circuit board (PCB) assembly from the coming...

After duty cut, TV makers may switch to ‘Make-in-India’ mode

Television makers LG, Samsung, Panasonic, BPL, TCL and Sanyo are reviving their ‘Make in India’ plans after the government halved the customs duty on open cell panels, which account for two-thirds the cost of assembling LED sets. After a 10%...

India’s biggest electronic cluster project set to take off at Bhosari, Pune

After receiving an ‘in principle’ approval in 2015, the much-awaited Brownfield electronic cluster common facility centre project being established by the MCCIA (Mahratta Chamber of Commerce, Industries and Agriculture) is set to take off within the next three months. Wg...

Intex steps up phone manufacturing investments in India

Intex, one of the leading device companies in India, is setting up a new manufacturing facility in Kasna, Greater Noida (Uttar Pradesh) as part of its strategy to consolidate all the Noida manufacturing capacity at a single location. The...

‘Unmake in India’ moment for TV companies

It’s being seen as the ‘Unmake in India’ moment for the Indian television industry. TV makers say that jobs will be lost and local manufacturing will suffer after the government imposed an import duty on panels and its parts, even though...

Wistron secures land to build new site in southern India

Taiwanese contract manufacturer Wistron has acquired 43 acres of land on the outskirts of Bengaluru to set up its second integrated manufacturing facility for smartphones. The unit, which will attract an investment of Rs 7-8 billion, will be constructed in Devanahalli, which...

LG looks India as its manufacturing hub for global markets

South Korean consumer electronics major LG is expecting India to be one of its global manufacturing hubs to cater to the markets of South Asia, Africa, and the Middle East, a top company official said to Financial Express. Besides, LG...

Mahindra, LG Chem to develop Li-ion battery

Auto maker Mahindra and Mahindra on Monday said it has tied up with Korea-based battery manufacturer LG Chem for development of a unique cell exclusively for India. LG Chem will develop a unique cell exclusively for India application and will...

CM Chandrababu Naidu stresses on need to promote hardware manufacturing in Andhra Pradesh

Chief Minister N Chandrababu Naidu has said the AP government has special interest in attracting investments in the hardware sector with attractive policies, in view of the demand for electronics goods in the global market. As many as 76 Memorandums...

Committed to investing $5 billion in Maharashtra: Foxconn

Foxconn, the world’s largest contract manufacturer, has said that it will keep its commitment of investing $5 billion in Maharashtra, as outlined in a memorandum of understanding (MoU) signed in 2015. The company executives spoke to officials in the Maharashtra...

M-Special Incentive Package Scheme may link sops to generation of jobs in phase II

The government's scheme to incentivise electronics manufacturing may undergo a change in its next phase, including to link sops to employment generation, officials in the know of the discussions said. The Modified Special Incentive Package Scheme (M-SIPS), which was launched...

Apple supplier Wistron nears land deal in India: Sources

Apple's Taiwanese contract manufacturer Wistron Corp is close to finalising a land deal in India's tech hub of Bengaluru and the firm is likely to invest about $157 million to develop the site, two government officials told Reuters. ICT Service...

Continental inaugurates new production line in Bangalore

German-technology major Continental on Wednesday inaugurated its new line for the production and assembly of Electronic Control Units (ECU) for two-wheeler and passenger car Anti-lock Braking Systems (ABS) and Electronic Stability Control (ESC), in Bangalore. The company says it is...

Advanced Battery Concepts enters into license agreement with Exide Industries Ltd.

Advanced Battery Concepts, a battery technology company based in Clare, Michigan, has announced it has agreed to license its GreenSeal technology to Exide Industries Ltd., a storage battery producing and life insurance company based in India. Advanced Battery Concepts says...

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