Industry can meet Apples local sourcing needs: IESA
The Dollar Business Bureau The India Electronics & Semiconductor Association (IESA) said that the electronics industry in India is ready to meet the components requirement of Apple Inc. for manufacturing iPhones in India, provided the smart phone maker offers purchase commitment to domestic firms. “If the government says fall in line, industry associations are prepared to enter into an agreement with Apple and say tell us what your wish list is, we will fulfil it in the next 3, 6, 9 and 12 months,” said MN Vidyashankar, President, IESA. Apple has submitted a proposal to establish single brand retail outlets in India but has asked for an exemption from local sourcing norms on the grounds that the company manufactures cutting edge and state-of-the-art ...
India committed to imports-free electronics sector by 2020
Sai Nikesh | The Dollar Business In view of the growing domestic demand and to curb imports in future, the Government of India announced plans to provide proper infrastructure support to the electronic manufacturing sector in the country. In this regard, the government will be investing $10 billion in chip manufacturing facilities coming up in Gujarat and Uttar Pradesh, where a consortium of manufacturing firms have come up to set up the production bases. This was informed by RS Sharma, Secretary, Department of Electronics and Information Technology (DeitY), Government of India, in New Delhi on Thursday. Addressing the first Indian Electronics Expo organised by Electronics and Computer Software Export Promotion Council (ESC), the official also informed India’s move to invest ...
USA companies keen to invest in Indias electronics sector
Sai Nikesh D | The Dollar Business India’s electronic imports are expected to surpass crude oil imports by 2020 Catherine Novelli, the United States Under Secretary, has said this week that several companies in USA are keen to join India in promoting electronic manufacturing in the country. However, she felt that the constraints of global supply chain must be considered while implementing the “Make in India” programme. Responding to Novelli’s statement, Ravi Shankar Prasad, India’s Minister of Information Technology, promised US companies of unbiased treatment with Indian companies and assured that US companies manufacturing in India can also avail export incentives offered by the Indian government to domestic companies. Manufacturing in the electronics sector in India is a priority for ...
