India Open to Business with China, Says Foreign Minister Jaishankar
印度外長Jaishankar表示，印度對中國開展業務持開放態度
India is not “closed to business from China,” but the focus lies on determining the sectors and terms under which such business is conducted, said Foreign Minister Subrahmanyam Jaishankar at a conference in Berlin. His comments come amid strained ties between the two nations following the deadly 2020 clashes at the Himalayan border. Since then, India has tightened scrutiny on Chinese investments, halting major projects and virtually blocking visas for Chinese nationals. However, key government figures, including Finance Minister Nirmala Sitharaman, have supported the idea of permitting more Chinese investments.
The recent annual economic survey hints that to boost global exports, India could integrate into China’s supply chain or encourage more foreign direct investment (FDI) from the country. Jaishankar emphasized the complexity of the relationship, noting that India could ease restrictions in non-sensitive sectors such as solar panels and battery manufacturing, where it lacks domestic expertise. While diplomatic efforts to resolve the border tensions have been slow, India is also considering easing visa restrictions for Chinese technicians to facilitate stalled investments.
小編點評：印度外交部長 Subrahmanyam Jaishankar 表示，印度仍然對中國經商持開放態度，但由於 2020 年邊境衝突後關係緊張，因此著重特定領域和條款。儘管印度加強了對中國投資的審查並限制了簽證，但有可能放鬆對太陽能電池板和電池製造等非敏感領域的限制，這符合印度的發展目標。最近的經濟調查顯示，印度可能會融入中國的供應鏈，吸引更多的中國外國直接投資以促進出口，並可能放寬對中國技術人員的簽證限制，以解決投資停滯的問題。
Delta Electronics to Nearly Double Workforce in India, Shifts Focus to Bengaluru
台達電子將在印度的勞動力增加近一倍，並將重心轉移到班加羅爾
Taiwan’s Delta Electronics has announced plans to almost double its workforce in India over the next five years, aiming to expand from 3,500 to 6,500 employees. As part of its strategy, the company has opened its largest research and development (R&D) centre in Bengaluru, positioning itself closer to manufacturing hubs in Tamil Nadu. Delta Electronics, known for supplying power components, will also move its Indian headquarters from Gurgaon to Bengaluru, the country’s tech capital, to leverage the region’s talent pool and enhance future development.
Benjamin Lin, President of Delta Electronics India, highlighted Bengaluru as a prime location for attracting top tech talent. The new R&D centre forms part of Delta’s broader $500 million investment plan for India, initially announced in 2015-16 but delayed due to the COVID-19 pandemic. The move aligns with a broader trend of international firms viewing India as a global innovation hub, with over 1,620 global capability centres now established in the country, according to data from Nasscom.
https://www.reuters.com/business/taiwans-delta-electronics-aims-double-india-workforce-2024-09-09
小編點評：台達電子計劃在未來五年內將其在印度的員工人數增加近一倍，從3,500 人增至6,500 人，並將總部從古爾岡遷至班加羅爾，該公司剛剛在那裡開設了最大的研發中心。此舉是更廣泛的 5 億美元投資計畫的一部分，該計畫最初於 2015-16 年宣布，但因 COVID-19 大流行而推遲。該公司旨在利用班加羅爾的技術人才和鄰近製造中心的優勢，反映出國際公司將印度視為全球重要創新中心的趨勢。
India’s Auto Sector Poised for Global Leadership in EVs and Bicycle Market: Shri Piyush Goyal
商工部長Shri Piyush Goyal：印度汽車產業預備好在電動車和自行車市場佔全球領先地位
Union Minister of Commerce & Industry, Shri Piyush Goyal, expressed confidence in India’s auto sector reaching a $100 billion export target by 2030, positioning it as a major job creator. Speaking at the 64th Annual Session of the Automotive Component Manufacturers Association of India (ACMA) in New Delhi, Shri Goyal urged the sector to aim for global leadership as India advances toward becoming the world’s third-largest economy. He encouraged industry leaders to focus on Research and Development (R&D), leverage the Rs 1 lakh crore Anusandhan National Research Foundation (ANRF) fund, and explore new opportunities in Electric Vehicles (EVs), the related ecosystem, and the bicycle market.
The Minister highlighted India’s potential to attract foreign investments, especially from EFTA countries, and emphasized the role of industrial smart cities in development and export promotion. Shri Goyal also commended the efforts toward a self-reliant India, or ‘Atmanirbhar Bharat,’ stressing the importance of using Original Equipment Manufacturer (OEM) products for their quality and longevity. He praised ACMA for its proactive role in Free Trade Agreement (FTA) negotiations and noted the significance of Bharat Mobility 2025 as a platform to showcase India’s auto sector to the world. Union Minister of State for Commerce & Industry, Shri Jitin Prasada, further urged the auto component sector to promote exports and generate more jobs.
https://smestreet.in/limelight/auto-sector-to-capture-ev-and-bicycle-market-opportunities-7058560
小編點評：印度商工部長 Piyush Goyal 相信，印度汽車產業到2030 年可以實現1000 億美元的出口目標，將自己定位為電動汽車(EV) 和自行車市場的全球領導者，同時創造大量就業機會。在ACMA 第64 屆年會上，他敦促產業領導者專注於研發，利用10 億盧比的ANRF 基金，並吸引外國投資，特別是來自EFTA 國家的投資，以鞏固印度作為全球主要車業參與者的地位。
Ather Energy Files for $536 Million IPO, Plans Electric Two-Wheeler Factory in Maharashtra
印度新創Ather Energy 申請 5.36 億美元 IPO，計劃在馬哈拉施特拉邦建造電動兩輪車工廠
Indian e-scooter manufacturer Ather Energy has filed for an initial public offering (IPO) worth 45 billion rupees ($536 million) at a valuation of $2.5 billion, according to a source familiar with the matter. Backed by Hero MotoCorp, Ather is India’s fourth-largest e-scooter maker by market share. The company plans to sell new shares worth 31 billion rupees while existing investors, including co-founder and CEO Tarun Sanjay Mehta, are set to offload shares worth 14 billion rupees. Hero MotoCorp will retain its stake in the company. The IPO comes as India’s stock market experiences a surge, with over 200 companies raising more than $7 billion this year.
Proceeds from the IPO will be used to build a new electric two-wheeler factory in Maharashtra and fund marketing efforts, Ather disclosed in its filings. The company is looking to capitalize on growing interest in the electric vehicle (EV) market, driven by the government’s push for clean energy. However, Ather’s financials show widening losses, reporting a net loss of 10.6 billion rupees in fiscal 2024, up from 8.64 billion rupees the previous year. The listing follows Ola Electric’s successful IPO, which saw its stock more than double in value before stabilizing, sparking interest in the EV sector.
小編點評：Ather Energy 已申請 5.36 億美元的 IPO，估值為 25 億美元，旨在籌集資金在馬哈拉施特拉邦建造一座新的電動兩輪車工廠並加強行銷力度。儘管虧損不斷擴大，但此舉反映出，繼 Ola Electric 成功首次公開募股以及股市蓬勃發展之後，人們對電動車產業的興趣日益濃厚。
India Surpasses US as Second-Biggest 5G Handset Market in H1 2024
2024 年上半年印度超越美國成為第二大 5G 手機市場
Global 5G handset shipments surged by 20% year-over-year in the first half of 2024, with India overtaking the United States to become the world’s second-largest 5G handset market, according to Counterpoint’s Market Monitor service. China retained the top spot, while India’s rapid growth was fueled by strong demand in the budget segment, driven by brands like Xiaomi, vivo, and Samsung. The Caribbean and Latin America (CALA) region also witnessed remarkable growth, registering a 63% increase in 5G shipments year-on-year, with countries like Mexico and Brazil playing a key role.
Apple led global 5G handset shipments with a 25% share, propelled by the success of its iPhone 15 and 14 series. Samsung followed with over 21% market share, driven by its Galaxy A and S24 series. Xiaomi saw triple-digit growth in India, and Motorola emerged as the fastest-growing brand globally, with strong performance in regions like CALA, India, and the Middle East and Africa (MEA). Analysts predict that 5G handsets will continue to dominate, with the 5G share of global handset shipments expected to reach 65% by 2025.
https://www.counterpointresearch.com/insights/global-5g-handset-market-h1-2024/
小編點評：2024年上半年，印度超越美國成為全球第二大5G手機市場，全球5G出貨量較去年同期成長20%。中國仍然是全球最大的市場，而印度的成長是由小米、vivo 和三星等品牌在低價領域的高度需求所推動的。蘋果佔據全球 5G 出貨量 25% 的比例，其次是三星和快速成長的摩托羅拉，分析師預測，到 2025 年 5G 手機將佔全球出貨量的 65%。
Adani Group to Invest $10 Billion in Semiconductor Plant with Israel’s Tower Semiconductor
阿達尼集團將與以色列 Tower Semiconductor 投資 100 億美元建造半導體工廠
The Adani Group, led by billionaire Gautam Adani, has announced plans to invest $10 billion in building a semiconductor fabrication plant in partnership with Israel’s Tower Semiconductor Ltd. The facility, located in Taloja near Mumbai, will bolster India’s chipmaking capabilities and is expected to produce 40,000 wafers in the first phase, scaling to 80,000 wafers in the second. The chips will be used in key sectors such as drones, automobiles, and smartphones, as India seeks to reduce reliance on semiconductor imports amid growing global demand. The project will be largely funded by Adani Enterprises and is anticipated to be completed within three to five years.
This move aligns with Prime Minister Narendra Modi’s vision to make India a technology superpower, attracting international chipmakers while reducing dependence on foreign imports. The Indian government has already received proposals worth $21 billion to strengthen semiconductor production, with Adani’s plant joining other initiatives such as Tata Group’s $11 billion chip facility in Gujarat. As the semiconductor sector becomes a crucial battleground in the global tech rivalry, India’s growing capabilities are positioning it as a key player in the industry.
小編點評：阿達尼集團公佈了投資100億美元的計劃，將與以色列Tower Semiconductor Ltd合作，在印度塔洛哈建設一座半導體製造工廠。 該廠將有8萬片晶圓的產能，旨在減少印度對半導體進口的依賴。這項舉措支持莫迪總理將印度打造成科技強國的目標，與塔塔集團在古吉拉特邦價值 110 億美元的晶片工廠等其他重大項目相輔相成。
Reliance Infrastructure Eyes EV Market, Taps Former BYD Executive for Advisory Role
信實基建放眼於電動車市場，聘請比亞迪前高階主管擔任顧問
Reliance Infrastructure, part of Anil Ambani’s Reliance Group, is exploring plans to enter the electric vehicle (EV) and battery manufacturing space in India, according to sources. The company has hired former BYD India head Sanjay Gopalakrishnan as a consultant to advise on the project and has engaged external consultants for a cost feasibility study. The proposed plant is expected to have an initial capacity of 250,000 vehicles annually, with plans to scale up to 750,000. Additionally, the company is evaluating the feasibility of building a 10 GWh battery plant, with potential expansion over the next decade.
This move could set up direct competition between Anil Ambani’s Reliance Infrastructure and his brother Mukesh Ambani’s Reliance Industries, which is already active in battery manufacturing and recently secured government incentives for 10 GWh of battery cell production. While the Indian EV market remains small—less than 2% of the 4.2 million cars sold last year—the government aims to increase EV penetration to 30% by 2030, offering over $5 billion in incentives. Reliance Infrastructure’s plans are expected to be finalized in the coming months, potentially positioning the company as a key player in India’s burgeoning EV sector.
小編點評：阿尼爾·安巴尼(Anil Ambani) 旗下信實集團(Reliance Group) 旗下的信實基建(Reliance Infrastructure) 計劃進軍印度電動汽車和電池製造市場，聘請前比亞迪印度業務負責人桑傑·戈帕拉克里希南(Sanjay Gopalakrishnan) 擔任顧問。擬建工廠的初始年產能為 25 萬輛汽車，隨後將擴大至 75 萬輛，並考慮在未來擴建一座 10 GWh 的電池工廠。此舉可能會導致與穆克什·安巴尼(Mukesh Ambani) 旗下信實工業(Reliance Industries) 的競爭，該公司已經涉足電池製造領域，並獲得了政府的激勵措施，因為印度政府的目標是到2030 年電動車普及率達30%。
GIGABYTE Explores AI Growth Opportunities in India with India-Taipei Association
技嘉科技與印度台北協會探討印度人工智慧發展機會
On August 29, GIGABYTE, the global computer brand, and the India-Taipei Association held discussions aimed at capitalizing on India’s booming market potential. GIGABYTE is enhancing its presence in India by focusing on AI-driven PC innovations and expanding the country’s AI ecosystem. The company has strengthened its partnerships with Intel, NVIDIA, and AMD to maximize AI chip performance and is collaborating with the Indian government to explore growth opportunities. GIGABYTE’s AI-focused strategy targets sectors like gaming, education, and SMEs, aiming to make computing solutions more intelligent and responsive to user needs.
Tony Liao, Vice President of GIGABYTE Technology, emphasized India’s significance to the company’s growth plans, committing to doubling its investment in the country’s AI infrastructure every three years. He pointed to India’s rapidly growing economy and vibrant IT sector as key reasons for the company’s strategic focus. Manharsinh Laxmanbhai Yadav, Director General of the India Taipei Association, echoed these sentiments, highlighting how GIGABYTE’s AI innovations, including the AORUS 16X and G6X AI Gaming Laptops, align with India’s technology landscape. The company’s AI Top series hardware is set to launch in India in September, further bolstering its commitment to driving technological advancement in the region.
小編點評：8月29日，技嘉科技與印度台北協會討論透過專注於人工智慧驅動的個人電腦創新和增強該國的人工智慧生態系統來擴大技嘉科技在印度的業務。該公司加強了與英特爾、輝達和 AMD 的合作關係，計劃每三年將印度人工智慧基礎設施的投資增加一倍，目標是遊戲、教育和中小企業等行業。技嘉即將推出的AI Top系列硬體及其對印度不斷發展的IT產業的戰略重點反映了其對推動該地區技術進步的承諾。