Apples iPhone SE local production to start this month
The Dollar Business Bureau US-based technology giant Apple Inc on Wednesday said it is starting initial production of iPhone SE in a ‘small number’ in Bengaluru and begin the shipping of its ‘Made in India’ phone to domestic consumers this month. “We are beginning initial production of a small number of iPhone SE in Bengaluru. iPhone SE is the most popular and powerful phone with a four-inch display in the world and well begin shipping to domestic customers this month,” the company said. Earlier, in February, the government of Karnataka had announced the proposal of Apple to begin initial manufacturing process in Bengaluru. Priyank Kharge, IT Minister, Karnataka government had said on March 30 that Apple Inc would be ready to commence the assembling of iPhones in Bengaluru within a ...
GoI to bring parity between defence PSUs, private manufacturers
Source: PIB, Government of India Defence manufacturing is one of the key sectors among the 25 sectors identified under the ‘Make in India’ campaign launched by the Government of India. A number of initiatives have been taken by the new Government to incentivise private sector, including foreign OEMs (original equipment manufacturers) to engage in the Defence and Civil Aerospace sector. A series of consultations have been held across Ministries / Departments under the mentoring of PMO (Prime Minister’s Office) to enable simplification of rules and procedures to promote private participation under defence manufacturing and exports. This is hoped to stimulate big ticket investments and incentivise Manufacturing. There was a long standing demand of the private sector manufacturers to bring parity ...
FDI up to 74% can make Indian defence self-reliable: Study
The Dollar Business Bureau The Government of India (GoI), needs to raise cap on Foreign Direct Investment (FDI) in order to achieve self-reliance in the defence sector. This was stated by the study titled ‘Self-reliance in defence production: The unfinished agenda,’ jointly done by the Associated Chamber of Commerce and Industry of India (ASSOCHAM) and PricewaterhouseCoopers (PwC), a global advisory firm. The ASSOCHAM-PwC joint study says that the recent increase of FDI cap in defence to 49% may not succeed fully in drawing investments and advanced technology into the sector. In this regard, the study suggests ‘allowing 100% FDI in defence sector, if not, at least 74%, in order to facilitate the ways for capital inflows and setting up of ...
