INDIAN GOVERNMENT APPROVES PLI SCHEME FOR 16 COMPANIES

HIGHLIGHTS

• Indian government has considered 16 companies eligible for PLI Scheme.
• Under this scheme, the government will give 4-6% incentive to eligible electronic companies on incremental sales of goods manufactured by them.
• The products i...

EXPORT ORDERS TOTALLING $100 BILLION DROPS INTO MOBILE PLAYERS KITTY

• Written pleas by iPhone on-contract-to hire makers Pegatron, Foxconn and Wistron and Karbonn, Samsung and Lava and Dixon to execute mobile phones orders worth around $100 billion from India have been permitted by the instituted group.
• The instituted  committee has approved...

TAIWAN’S DISCORD WITH CHINA REROUTES BUSINESS TO INDIAN FIRMS

• Taiwan’s tech manufacturers are looking beyond China. 
• They want to stabilize chains by expanding in India.

This some say is at the insistence of Apple. There is a growing camaraderie between India and Taiwan with both maintaining cordial relations ...

APPLE COMMENCES PRODUCTION OF IPHONE 11 IN CHENNAI

Highlights

• Apple has previously manufactured its devices like iPhone XR and iPhone SE 2016 in India

• Commerce Minister Piyush Goyal said this is a significant boost to the Make in India initiative started by the Government of India

• Foxconn had pre...