Dixon Technologies and Inventec Form Strategic JV to Boost India’s IT Hardware Manufacturing
Dixon Technologies 與台灣英業達成立策略性合資企業，推動印度資通訊硬體製造
Dixon Technologies (India) Limited has announced the completion of its joint venture with Taiwan-based Inventec Corporation, marking a major expansion into the high-growth IT hardware segment. The new entity, Dixon IT Devices Private Limited, will focus on manufacturing notebook PCs, servers, and desktop products. Dixon holds a 60% stake through an investment of ₹20.51 crore, while Inventec holds 40% with ₹13.68 crore. This collaboration brings together Dixon’s strong domestic manufacturing base and Inventec’s global expertise as one of the world’s top five PC original design manufacturers (ODMs).
For India, the partnership strengthens supply chain resilience and aligns with the government’s “Make in India” initiative, which seeks to localize electronics manufacturing and reduce import dependence. For non-Indian companies, this move highlights India’s growing appeal as a global electronics production hub and potential partner for technology localization. As the JV ramps up operations, it may open new avenues for foreign firms looking to diversify supply chains and tap into India’s expanding IT hardware ecosystem.
小編點評：印度 Dixon Technologies 與台灣英業達成立合資公司—Dixon IT Devices Private Limited—將在印度生產筆電、伺服器與桌機，結合Dixon在本地製造的優勢及英業達作為全球前五大ODM的能力。此一策略性合作將強化「印度製造」政策，並使印度更具吸引力，成為全球電子製造與供應鏈多元化的核心據點。
India’s Chip Startups Turn to Global Foundries as Semiconductor Ecosystem Scales Up
印度晶片新創依賴全球晶圓代工產能，隨半導體生態系加速擴張
India’s semiconductor startups are increasingly partnering with global foundries such as Taiwan’s TSMC and UMC, and South Korea’s DB Hi-Tek, as they move toward large-scale production and commercialization. Bengaluru-based Calligo Technologies, Mindgrove Technologies, and Vervesemi Microelectronics are among the emerging players leveraging overseas manufacturing capabilities while benefiting from India’s ₹76,000 crore Semiconductor Mission and its Design Linked Incentive (DLI) scheme. These initiatives, launched under the Ministry of Electronics and IT, have backed 23 chip-design firms so far, enabling startups to innovate in areas like AI processors, smart devices, and motor-control ICs. With India now the world’s second-largest hub for chip design talent, local innovation is beginning to translate into globally competitive semiconductor products.
However, challenges persist, including high capital requirements, long design cycles, and the lack of a fully developed domestic manufacturing and testing ecosystem. For non-Indian companies, the trend underscores India’s growing strategic role in the global semiconductor supply chain. As Indian startups rely on international fabs but build local design and IP capabilities, it creates new partnership opportunities for global players in foundry services, materials, and chip packaging who seek to integrate into India’s expanding semiconductor ecosystem.
小編點評：印度的晶片新創如 Calligo、Mindgrove 與 Vervesemi，正依賴台積電、韓國 DB Hi-Tek 等全球晶圓代工廠進行量產，同時在印度7,600億盧比的「半導體任務」及 DLI 計畫支持下，開發具競爭力的AI與智慧裝置晶片。儘管基礎建設仍為挑戰，印度作為晶片設計重鎮地位提升，為全球企業在代工、材料與封測領域創造更廣泛的合作機會。
India, Taiwan Seek WTO Deferment on ICT Tariff Dispute Ruling Until 2026
印度與台灣尋求將WTO關於資通訊產品關稅爭端裁決延後至2026年
India and Taiwan have jointly requested the World Trade Organisation’s (WTO) dispute settlement body to defer the ruling in their ongoing case over New Delhi’s import duties on certain information and communication technology (ICT) products until April 2026, citing ongoing bilateral efforts to reach a mutually acceptable resolution. The issue, scheduled for discussion at the WTO’s Dispute Settlement Body meeting in Geneva on October 24, 2025, concerns India’s tariffs on items such as mobile phones, network equipment, and parts of telephone sets. A WTO panel had ruled in April 2023 that these duties violated global trading norms, but India has maintained that it is not bound by obligations under the Information Technology Agreement-2 (ITA-2), which it has not signed.
The deferment request, which follows similar appeals from other economies like the separate customs territory of Penghu, Kinmen and Matsu, is intended to allow continued dialogue and negotiation outside formal dispute channels. For non-Indian companies, this development signals a potentially stabilizing move in India’s ICT trade policy landscape. A negotiated settlement could provide greater predictability for global electronics and telecom manufacturers dependent on India’s growing market while reflecting the broader trend of countries preferring diplomatic trade resolutions amid a weakened WTO appellate system.
小編點評：印度與台灣已共同向WTO爭端解決機構提出申請，將資通訊產品進口關稅爭端的裁決延後至2026年4月，以利雙方透過非正式對話取得共識。此舉顯示印度ICT貿易政策朝穩定方向發展，並可望為全球電子及電信廠帶來更高可預測性，同時反映國際間偏好以外交方式解決貿易爭議的趨勢。
China Files WTO Complaint Against India Over Electric Vehicle Subsidies
中國向WTO控訴印度電動車補貼不公平競爭
China has lodged a formal complaint with the World Trade Organization (WTO), alleging that India’s electric vehicle (EV) and battery subsidies provide an unfair competitive advantage to domestic manufacturers at the expense of Chinese interests. According to China’s Ministry of Commerce, the move seeks to safeguard the “legitimate rights and interests” of its industries. India currently offers among the world’s highest EV subsidies—about 46% of the vehicle price for models such as the Tata Nexon EV—through reduced GST and road tax, as well as support under the Production-Linked Incentive (PLI) scheme. Despite these incentives, EVs make up just 2% of India’s vehicle market, the lowest adoption rate among major economies.
The complaint comes as India expands its ₹2,000-crore PM eDRIVE scheme, which funds up to 80–100% of the cost for public EV charging infrastructure and extends key subsidies for e-buses, trucks, and ambulances till March 2028. For non-Indian companies, particularly global EV and battery manufacturers, this dispute highlights the growing trade tensions around green industrial policies and local subsidy frameworks. The outcome could shape future investment decisions and influence how foreign automakers and suppliers engage with India’s fast-evolving clean mobility ecosystem.
小編點評：中國已向WTO提起訴訟，稱印度的電動車與電池補貼（如PLI與PM eDRIVE計畫）不公平地偏袒本土企業，損害中方利益。隨著印度擴大對綠色運輸的支持，該爭端凸顯綠色產業政策上的貿易緊張，未來恐影響全球企業在印度電動車生態系統中的投資策略佈局。
Trump Warns India Over Russian Oil Imports, Threatens Higher Tariffs
川普警告印度停止進口俄油，揚言課徵更高關稅
U.S. President has claimed that Indian Prime Minister assured him India would stop purchasing Russian oil, while warning that New Delhi would face “massive” tariffs if it failed to do so. Speaking to reporters aboard Air Force One, Trump said, “I spoke with Prime Minister Modi of India, and he said he’s not going to be doing the Russian oil thing.” However, India’s foreign ministry said it was not aware of any such conversation, reaffirming that its priority remains “safeguarding the interests of the Indian consumer.” Russian oil has become a key sticking point in U.S.-India trade negotiations, with Trump reportedly imposing tariffs on Indian goods partly in retaliation for continued energy imports from Moscow.
India is currently the largest buyer of seaborne Russian oil, taking advantage of discounted prices after Western sanctions curtailed Moscow’s access to global markets. While the White House has said India has halved its purchases, Indian sources suggest no visible decline yet, with refiners already placing orders through December. For non-Indian companies, the episode underscores the geopolitical volatility in global energy trade—where U.S. sanctions, Russian supply dynamics, and India’s energy security priorities intersect. Multinational energy firms and traders will be watching closely, as any shift in India’s import strategy could ripple through global oil pricing and supply chains.
小編點評：川普警告若印度持續進口俄羅斯石油將面臨「巨額關稅」，並聲稱莫迪已向其保證將停止進口——但印度外交部否認曾有此對話，重申其首要任務是保障國內消費者利益。印度仍是最大海運俄油進口國，此爭端突顯能源貿易的地緣政治張力，可能影響全球油價與供應鏈布局。
Apple Seeks Tax Law Change in India to Avoid Liability on iPhone Assembly Equipment
蘋果要求印度修法，避免為iPhone製造設備負擔稅務責任
Apple is lobbying the Indian government to amend its Income Tax Act of 1961 to avoid being taxed for owning high-end iPhone manufacturing equipment provided to its contract manufacturers, a provision that could expose the company to billions in potential taxes. The U.S. tech giant, which has rapidly expanded its India operations through partners such as Foxconn and Tata Electronics, argues that existing rules classify foreign-owned equipment as creating a “business connection” — making its global profits partly taxable in India. In China, Apple uses a similar equipment ownership model without incurring local tax obligations. Indian officials confirmed that discussions with Apple are ongoing but said the government remains cautious, as modifying the law could weaken its sovereign taxation rights.
For non-Indian companies, the case underscores India’s complex tax landscape for foreign investors amid its push to become a global electronics manufacturing hub. How New Delhi balances Apple’s request with its fiscal priorities will set an important precedent for other multinational manufacturers considering China-plus-one expansion strategies. A favourable outcome for Apple could make India more attractive for high-value tech investments, while a rigid stance may prompt firms to reassess large-scale capital deployments involving equipment ownership models.
小編點評：蘋果正遊說印度政府修改稅法，以排除其所擁有但供鴻海與塔塔電子等代工廠使用的高端製造設備之稅務義務，估計可避免數十億稅負。此案例的結果將成為外資面對印度複雜稅制的重要判例，並影響科技企業在「中國+1」布局下的製造投資策略。
Foreign Investors Pull $30 Billion from Indian Equities Amid AI-Driven Market Repositioning
外資撤離300億美元印度股市，AI驅動投資版圖重構
Foreign institutional investors (FIIs) have withdrawn nearly $30 billion from Indian equity markets over the past year, redirecting much of that capital to Korea and Taiwan, according to market data. Foreign portfolio investor ownership in National Stock Exchange-listed companies fell sharply from 22.2% in September 2024 to 17.3% in May 2025, while Taiwan alone attracted $15 billion in net foreign inflows during the third quarter of 2025. Analysts at HSBC say global investors are increasingly re-evaluating India’s growth outlook through the lens of AI economics, perceiving it as a potential “anti-AI play” given its heavy reliance on human labor in the IT and services sectors, which together employ around 20 million people and account for 55% of India’s GDP.
For non-Indian companies, this shift signals an evolving investment narrative where AI adoption and automation efficiency increasingly shape global capital flows. India’s relatively modest $1.25 billion AI Mission contrasts sharply with the $2 trillion global AI infrastructure investment expected by 2030, underscoring both risk and opportunity. While India’s cost-competitive human workforce remains an asset, multinational firms and investors must now weigh how the rapid rise of AI could reshape labor-intensive service industries, potentially redefining India’s role in the global digital economy.
https://slashdot.org/story/25/10/17/197245/global-investors-position-india-as-anti-ai-play
小編點評：外資已自印度股市撤離近300億美元，轉而投入韓國與台灣等積極採用AI的市場，因擔憂印度仰賴人力的IT與服務產業恐在自動化競爭中落後。印度僅12.5億美元的AI投資規模與全球趨勢存在落差，顯示跨國企業在重新評估印度於數位經濟中的定位時，既面臨風險亦存在機會。