India's Ministry of Electronics and Information Technology (MeitY) recently approved 29 proposals for electronic component manufacturing, representing a total investment of over $750 million. The initiative is part of a push to expand India’s domestic production capacity to $500 billion by fiscal year 2031. Key Projects and Beneficiaries The approved...
Shein’s India Pivot Signals a Broader Global Manufacturing Shift
Fast-fashion giant Shein - the Singaporean online fashion retailer - is ramping up manufacturing in India, reflecting a strategy move as companies reassess supply chains amid ongoing trade tensions and logistical challenges. The shift is part of a broader trend, as industries from consumer tech to aerospace increasingly look beyond...
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...
Samsung to re-start manufacturing TVs in Chennai
South Korean electronic major Samsung will restart manufacturing LED TVs in India through contract manufacturers from early next year, according to sources. Samsung, which had shifted its TV manufacturing to Vietnam, recently entered into an agreement with Dixon Technologies for production in India. Presently, Samsung imports its portfolio of TVs from...