Search Result for : Electronic Manufacturing

The Dollar Business Bureau The government's approval of a Rs 10,000 crore incentive by March 2018 for electronics manufacturing in India has brought the industry closer its goal of 'net zero imports' in electronics by 2020. This incentive, the government says, will bring employment to as many as three crore people. Consumer Electronics and Appliances Manufacturer Association (CEAMA) has welcomed the move that is likely to reduce India's dependence on imports for many components required in the manufacture of handsets. The apex body of electronics manufacturers in India has shown its whole hearted support for the 'Make in India' vision through its website. It truly believes that with the right kind of duty cuts and manufacturing incentives, India can become a manufacturing power supplying handsets to its population of a billion people. Currently, the ...

 The Dollar Business Bureau India’s electronics manufacturing sector, which is the world’s largest consumer electronic marker has crossed its total saving of around Rs.1.28 lakh crore as against Rs.11,700 crore of total investment under the supervision of the previous government. The Indian government is playing an important role to make India a hub for electronic manufacturing. Along with this, the states and the central government have to participate in this move as India is easily accepting new technologies and also expected to have half a billion internet users by the end of current year. Communications and IT Minister Ravi Shankar Prasad feels that India has taken many years for internet users to reach 200 to 300 million, but it took just ...

 The Dollar Business Bureau Aimed at bringing in more investment and establish foreign collaboration in fields of Electronics and Information Technology, government is focusing on global IT trade fare -CeBIT 201, being held in Hannover, Germany. CeBIT, being held from March 14-18, 2016, will have Aruna Sharma, Secretary, Department of Electronics and Information Technology (DeitY) as a representative from the Indian side, where she is expected to present a case to woo investors towards Indian Electronic and IT sectors. “Aruna Sharma is leading a government -industry delegation to participate in CeBIT 2016," DeitY reportedly said. The delegation includes key officials from Central & State governments and also key executives from the Information & Communications Technology (ICT) companies. This step is part ...

Source: PTI Global electronic manufacturing giant Foxconn on Saturday announced it will invest $5 billion over the next five years in Maharashtra, which has given the Taiwan-based company 1,500 acres of land for its plant. Foxconn Chairman Terry Gou said the facility in Maharashtra will focus on research and development as well as manufacturing, and the company has chosen the state for being a financial centre, availability of quality talent and software-hardware integration facilities. Foxconn will look for tie-ups with local partners for its presence in this state, Gou said, while adding that this MoU with the Maharashtra government was different from the already announced JV with the Adani group. At an event organised to announce the investment and a Memorandum ...

 The Dollar Business Bureau India and South Korea on Monday agreed to upgrade the bilateral relationship to a “Special Strategic Partnership”. The two sides have decided to renew the existing cooperation in the areas of defence, foreign affairs, trade and investment, science and technology, and regional cooperation. Indian Prime Minister Narendra Modi and Park Geun-hye, President of South Korea, also agreed for cooperation in many other areas. While President Park informed the Indian prime minister about his country’s Northeast Asia Peace and Cooperation Initiative (NAPCI), the latter welcomed South Korea’s desire to enhance cooperation and security among countries of the Asia-Pacific region. Both the sides agreed to work together and achieve shared goals through India’s Act East Policy and ...