The New York Times discusses India's potential emergence as a significant manufacturing hub in the global marketplace, particularly as multinational companies seek to diversify their production beyond China. The shift is driven by geopolitical tensions, especially between the United States and China, and the need for more resilient global supply...
Electronics Manufacturing Booms in India
India's electronics manufacturing sector is experiencing a significant boom, with the value of electronics produced rising from $37 billion to $105 billion between 2016 and 2023. The government aims to increase this figure threefold by fiscal 2026. While India currently accounts for only 3% of global electronics production, its share...
Forbes Magazine Highlights India as Global Supply Chain Player
Forbes highlights India's emerging role as a significant global manufacturing hub and a promising destination for supply chain diversification. With the increasing geopolitical tensions and instability impacting global supply chains, many companies are exploring alternative regions to reduce risks and enhance flexibility in terms of costs and lead times. India...
India Reviews $21 Billion in Semiconductor Proposals
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...