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Owing to the lukewarm response, the PLI scheme for IT hardware is being reworked
Smartphones alone accounted for 23% of the rise
The global OSAT-ATMP market is projected to grow to $42 billion by 2026. ATMP players are a key link in the value chain of chip making
The two companies are complying with a direction from the Department of Heavy Industries, which said failure to do so could result in the suspension of the subsidies they receive on each scooter
In India, Apple has decided to focus on a few products but on a large scale, as they did in China, instead of assembling the entire range of its products in smaller volumes
At present the replacements are being undertaken on a first-come-first-served basis
Apple CEO asks for policy stability to continue, India wants long-term ties
This will push the extent of domestic value addition in iPhones
Under the PLI in FY23, the collective commitment of Apple vendors to be eligible for the scheme was to produce phones with an FOB value of Rs 24,000 crore
The gender data is based on details provided to the states and the central government
Lynk is putting up small satellites which it calls 'cell towers in the sky' to provide coverage
The official said Apple is already planning to assemble iPods in the country with Foxconn
Apple exported over $5 billion worth of iPhones from the country in FY23 and already accounts for 45 per cent of the overall smartphone exports, followed by Samsung
Behind the inauguration of two signature stores next week is a roller-coaster ride for the IT major in its effort to make India its alternative manufacturing and export hub
The ISM is examining the three applicants who want to set up a fab plant under the government's $10 billion financial incentive scheme for such plants
The government is keen to auction the spectrum for space-based communications
Sources say the sale is subject to the project getting clearance from the government
But Foxconn, the largest EMS player in the world, buys over $40 billion worth of semiconductor chips annually for its customers
The change will give room to more players
The government is ready to put its money where its mouth is. The vision document has suggested a research and development fund of Rs 10,000 crore, led by the government for the next 10 years for 6G an