Union Minister for Telecommunications Jyotiraditya Scindia and Minister of State for Telecommunications Pemmasani Chandra Sekhar will also be present for various sessions during the four-day event
Nomura believes Dixon Technologies' latest move to acquire a 51 per cent stake in Q-Tech's India unit is strategically sound and earnings accretive.
In its latest partnership expansion, Tata is taking over the mandate from an Indian unit of Taiwan's Wistron, ICT Service Management Solutions
Nomura pointed out that India is strategically positioned to capitalise on these changes, especially as the US looks to adjust its approach to trade with India, particularly in electronics
Merchandise imports in the same month rose 7.7 per cent year-on-year to $61.91 billion - widening the trade deficit to $23.78 billion
It suggested that a PLI 2.0 for mobile phones should be modelled on the revamped PLI for IT hardware so that incentives are linked to value addition to avoid the failures of the first scheme
Rather than solely focusing on boosting exports, India should aim to become a global supplier of key components
This comes just a day before the Centre is scheduled to announce its Interim Budget 2024 in Parliament
A decision on the cuts will be taken by the finance ministry when it finalises the budget, the two people said
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The decline in input costs is also expected to help manufacturers increase their profit margins
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Apple manufacturer invests Rs 1,255 crore in India factory
16 schemes from equal numbers of companies have been approved to boost local production, value addition and, consequently, export of mobile phones.
However, auto parts makers welcome it as a step that will help localisation
PLI schemes have already set off the expected lobbying
Telecommunications and IT Minister Ravi Shankar Prasad said the government was looking to make India a hub of other electronic products
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According to the estimates of India Cellular and Electronics Association (ICEA), mobile phone companies will increase devices production in the country to around Rs 27.5 trillion
"Foreign companies that have submitted proposals for the scheme include Samsung, Foxconn Hon Hai, Rising Star, Wistron and Pegatron," the source said