Panel to examine quarterly incentives, inclusion of more auto components under PLI An official stated that vehicle manufacturers’ proposals for further components to be added to the production-linked incentive (PLI) scheme and quarterly incentive payouts would be taken into consideration…

India’s chip strategy progresses with proposals worth $21 billion Following years of observation, the Indian government is now required to assess $21 billion in semiconductor proposals and allocate taxpayer funds among global chipmakers, domestic winners, or a mix of the two.…

Tata Group approaches Taiwan over its goal to produce chips in Dholera, Gujarat According to reports, the Tata Group is looking into joint ventures with UMC Group and Powerchip Semiconductor Manufacturing Corporation, two Taiwanese chipmakers, for its projected chip manufacturing facility…

Two major PC makers intend to establish manufacturing unit in India Acer and Asustek, two of the top PC makers in the world that are based in Taiwan, have said that they intend to expand their production in India. This change in…

Tata, Pegatron in partnership talks for iPhone assembly According to reports, Tata Group is in advanced discussions with Taiwan’s Pegatron, opening a new chapter in the partnership to manage the iPhone assembly factory that the Indian company is developing in…

Young Liu, the CEO of Foxconn, honored with Padma Bhushan The government of India announced on the occasion of the 75th Republic Day that Young Liu, the Chairman and CEO of Foxconn, a company based in Taiwan, will be receiving India’s…

Retain Import Duties on Smartphone Components: GTRI According to a GTRI report, the government shouldn’t cut import duties on electronic components used to make smartphones in the upcoming budget because the current tariff structure has already shown to be effective…

Decision on import management system for IT hardware products post-Sep after evaluating data According to reports, the government will assess the import data and make a decision on the current import management system for specific IT hardware goods, like laptops and…

India rises to second spot in MSCI EM index weightage In the MSCI Emerging Markets index, India has surged second place after China and confirm its appeal as an emerging market investment. According to a new analysis from Nuvama Institutional Equities,…

India to remain fastest-growing major economy in 2024 India is expected to grow at a 6.2% in 2024, according to UN estimates, with significant growth in the industrial and services sectors as well as strong domestic demand. According to the UN…