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 strategy is being considered while the Indian government considers tightening import regulations to support domestic manufacturing.
Acer has selected India as its second-largest market, after the United States in terms of revenue and shipments, according to a report published in Nikkei Asia. Jason Chen, the chairman of Acer, disclosed the company’s plans to increase sales of consumer notebook computers in the Indian market all year long. According to the report, negotiations to increase local production capacity in line with the policy direction of the Indian government are reportedly taking place with additional Taiwanese partners and Indian manufacturing suppliers.
Editor’s Note: Two major PC makers, Acer and Asustek, based in Taiwan, are planning to establish manufacturing units in India in response to the Indian government’s push for domestic manufacturing. Acer, which views India as its second-largest market, aims to increase sales of consumer notebook computers in the country and is in negotiations with Taiwanese partners and Indian suppliers to expand local production capacity.
Taiwan launches “Tourism Information Centre” in Mumbai
After being absent from the Indian market for more than three years due to the pandemic, Taiwan Tourism Administration (TTA) has reopened the Taiwan Tourism Information Centre (TTIC) in Mumbai. The Information Centre is situated in the well-known Raheja Platinum on the well-known Andheri-Kurla Road, a significant commercial district.
TTIC Mumbai is set to serve as a comprehensive one-stop shop for all things relating to travel, tourism, and hospitality in the stunning island country. Nearly 85 of the top tour operators in India who are based in Mumbai attended the announcement of the Tourism Information Center’s opening.
https://travelbizmonitor.com/taiwan-returns-to-india-with-tourism-information-centre-in-mumbai/
Editor’s Note: This report is not in line with our usual reporting on the industry trends, Taiwan Tourism Administration has reopened its Tourism Information Centre in Mumbai after a three-year absence due to the pandemic. Located in Raheja Platinum on Andheri-Kurla Road, the centre aims to be a one-stop destination for travel, tourism, and hospitality information about Taiwan, with attendance from top tour operators during its opening announcement.
Two industry bodies support prohibition of imposing customs duties on electronic transmissions
The World Trade Organisation (WTO) has extended the prohibition on imposing customs duties on electronic transmissions, as supported by two Indian industry associations: the India Electronics & Semiconductor Association (IESA) and the India SME Forum. These associations cite the importance of this measure for supply chain resilience in the wake of the Covid pandemic.
Together with about 170 other international associations, the two trade associations submitted this document to the global trade watchdog. The suggestion is made in light of the fact that South Africa and India are pressing for the prohibition to be lifted since it causes revenue loss and they want a resolution before the WTO’s 13th ministerial conference (MC13) later this month. Since 1998, there has been no customs duty on electronic transmissions. Approximately 105 nations support this prohibition, including the US, UK, Australia, China, and Japan.
Indian consumer electronics exports to the US and Europe increase
Indian producers of consumer electronics are reaching out to established markets outside of its former borders in the Middle East and Africa, including the US and Europe. In these profitable markets, businesses such as Havells, Dixon, Voltas, and Blue Star are setting up shop for exports. For instance, Havells India established a subsidiary in the US to distribute air conditioners, and Dixon Technologies intends to increase Motorola smartphone shipments to the US. Export orders for dishwashers and refrigerators for the European market have been obtained by Tata-owned Voltas.
This move to export to developed markets is part of a larger trend in Indian industry to increase value addition and decrease dependency on imports. Even if most companies’ total sales have seen a slight decline in recent years due to exports, these strategic initiatives show a commitment to growing market share and boosting revenue in the fiercely competitive global electronics industry.
Editor’s Note: Indian consumer electronics manufacturers are expanding their reach to established markets in the US and Europe, with companies like Havells, Dixon, Voltas, and Blue Star focusing on exports. This shift aligns with India’s broader strategy to increase value addition, reduce import dependency, and enhance competitiveness in the global electronics industry.
Israel’s Tower proposes building $8 billion chip plant in India
According to the national daily Indian Express, Israel’s Tower Semiconductor (TSEM.TA) has proposed to the Indian government to construct a $8 billion chip manufacturing facility in the South Asian country.
According to the article, Tower is looking to build 40 nanometer and 65 nanometer chips in India in order to obtain government incentives for its plan.
Requests for comments were not immediately answered by the company or the Indian IT ministry.
https://www.reuters.com/technology/israels-tower-proposes-8-bln-chip-plant-india-report-2024-02-11/
Editor’s Note: Israel’s Tower Semiconductor has reportedly proposed an $8 billion investment to build a chip manufacturing facility in India, as reported by the Indian Express. The proposed facility aims to produce 40 nanometer and 65 nanometer chips, potentially qualifying for government incentives, although responses from the company and the Indian IT ministry were not immediately available.
Green hydrogen should be encouraged as a round-the-clock renewable energy source
The Ministry of New and Renewable Energy is working on the mechanisms for promoting the use of green hydrogen in supporting round-the-clock electricity in order to further the government’s thrust towards encouraging increased adoption of renewable energy and use of green hydrogen, as envisioned in the National Green Hydrogen Mission.
On February 6, 2024, in New Delhi, a meeting was presided over by Shri R. K. Singh, the Union Minister for Power and New and Renewable Energy, to discuss the use of Green Hydrogen for continuous renewable energy generation in combination with other sources including solar and wind energy.
The officials engaged in thorough discussions regarding the range of possible applications for green hydrogen as a storage medium to meet peak power demand as well as continuous power generation. The discussion also covered a number of government funding possibilities for such initiatives.https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2003364#:~:text=In%20furtherance%20of%20the%20Government’s,in%20supporting%20round%2Dthe%2Dclock