The Indian consumer electronics market is expected to grow in double digits over the next several years. The five primary categories in the appliances and consumer electronics (ACE) market - air conditioners, audio, refrigerators, televisions and washing machines will see 11.7 per cent compounded annual growth until 2025, starting at...
Nokia launches 55-inch 4K Smart TV in India
Flipkart and Nokia have just launched the “Nokia” branded Smart Android television set. Both companies have committed towards “Make in India” initiative. The device comes with a 55-inch 4K Ultra HD display, which has a bezel-less design. It supports HDR 10, MEMC technology, intelligent dimming, wide color gamut, and Dolby...
Govt To Create Medical Device Parks For Affordable Treatment
Carrying the Make In India program forward, the India's federal government has approved four medical device parks in the country. According to The Hindu newspaper, the medical parks (manufacturing zones) aimed at enabling world-class treatment at affordable prices will be established in Andhra Pradesh, Telangana, Tamil Nadu and Kerala. Besides these...
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...
India Inaugurates First Howitzer Factory
Prime Minister Narendra Modi launched the Armored Systems Complex developed by Larsen & Toubro (L&T) at Hazira near the town of Surat in Gujarat. This is the country’s first private facility where the K9 Vajra, self-propelled Howitzer guns, will be manufactured. Defense Minister Nirmala Sitharaman was also present at the...
Juster: India Can Be 'Alternative Investment Hub' for U.S. Firms
At his first policy speech since taking over as Ambassador to India, Kenneth Juster, Washington's envoy to New Delhi said that a number of U.S. companies have reported increasing difficulties in conducting business in the largest market in the region, China. "Accordingly, some companies are downgrading their operations there, while...