The Indian government is reviewing investment proposals totaling $21 billion to boost chip manufacturing in the country. According to a Bloomberg report, the proposals encompass diverse ventures from both Indian conglomerates and international players. Israel's Tower Semiconductor has proposed a $9 billion chip plant in Gujarat. Its proposed plant may...
Reasons Companies Shift Supply Chains from China to India
India's infrastructure growth aims to attract foreign companies by providing a supportive business environment. This trend is expected to accelerate over the next five years as India closes the gap with China. Supply Chain Management Review spoke to Samir N. Kapadia, founder and CEO of India Index, who outlined six...
Apple to Source Batteries for iPhone 16 from India
Apple has instructed its component suppliers to source batteries for the upcoming iPhone 16 from India. This decision aims to diversify Apple's supply chain and reduce reliance on China manufacturing. Sourcing iPhone batteries from India marks a significant expansion of Apple's production capabilities in the country. India has promoted local...
Foxconn to Invest $1.5 Billion in India
Apple supplier, Foxconn Technology, will invest more than $1.5 billion in an Indian construction project to fulfill its "operational needs," the company announced in Taiwanese security filings. According to one of the securities filings and Indian corporate records,the funds were made through a Foxconn subsidiary, Hon Hai Technology India Mega...
Apple India Sales Approaches $6 Billion
Speaking at Apple’s Q2 2023 earnings call, CEO Tim Cook made reference to India 20 times reported Bloomberg News. Highlighting that India was at a tipping point, and a major focus for Apple, the chief said that the dynamism and vibrancy in the India market was just ‘unbelievable'. During the...
India Exceeds $10 Billion in Mobile Phone Exports
Supported by attractive government incentives for local manufacturing, India is set to reach $10 billion worth smartphone exports in the fiscal year ending March 31. Smartphone exports from India have doubled as compared to the previous year. According to the India Cellular and Electronics Association (ICEA), Apple's 'Make in India'...