Global companies are increasingly becoming aware of the importance of minimizing risk, and are seeking ways to make their supply chains resilient and diversified. In this scenario, there is a new emerging market vying to meet American consumer demand: India. American importers have been cautious about forming long-term deals with...
U.S. Commerce Launches IPEF Upskilling Initiative to Train 7 million women
The U.S. Department of Commerce and the Office of the U.S. Trade Representative (USTR) launched the IPEF Upskilling Initiative, in support of the objectives of the Indo-Pacific Economic Framework (IPEF). The Initiative will be a public-private endeavor to support sustainable and inclusive economic growth by providing primarily women and girls in...
Dell, Flex and 17 Other Companies Intend to Expand India Manufacturing
India expects to create 37,500 direct jobs and another 112,000 indirect hires via applications already received under its Production Linked Incentive (PLI) Scheme to encourage manufacturing in India. Dell, based in Texas, and Flex, a Singapore Original Design Manufacturing (ODM) company with the bulk of its executive staff based in...
American Companies Jump in to Help India
Corporate America has sprung into action to help the people of India grapple with the devastating second wave in the Covid-19 pandemic. Here is a small sample of announcements from the last 24 hours: Air Products is allocating resources and assets from its operations around the world to support and maximize...
Apple Adds iPhone 12 to India Assembly Activity
Apple Inc., has started the assembly of the iPhone 12 in India, via its partner Foxconn in Tamil Nadu, as the company ramps up manufacturing operations in the world’s second-biggest smartphone market. "We are proud to be starting production of iPhone 12 in India for our local customers," Apple said,...
Apple India Sales Almost Doubled in Q4
Apple India saw sales grow by 93% during the October-December quarter against the same period a year ago, as restrictions on international flights prevented frequent fliers from buying the devices abroad at lower prices. This was the highest growth in sales recorded by Apple in India but not cause for...