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.
Vietnam serves as a key manufacturing hub for Samsung, with the company exporting over $52 billion worth of mobile phones and spare parts in financial year 2024
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
Dixon Technologies' Mobile and Electronics Manufacturing Services (EMS) division emerged as the primary engine of the company's success during Q3, analysts said.
Commercial production to supply cells to Apple is expected to begin in the next 12-18 months
Under the 'Make in India' initiative, the share of domestically assembled phones of the total phone shipments (or sales) rose to 98 per cent in 2022 from 19 per cent in 2014
Tamil Nadu is likely to make up for a large part of these jobs, alongside Delhi-National Capital Region, and Karnataka
A report released by BofA said that the share of India in iPhone manufacturing may even go higher if Apple's vendors expand here
Pricey devices shape industry as shipments for the popular segments decline
"After mobile handsets, Flex is now bullish about turning India into an IT and telecom gear hub"
Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction among global as well as Indian manufacturers
India is to be Apple's second significant global hub
The state has signed 28 memoranda of understanding (MoUs) for projects envisaging investments of around Rs 28,000 crore
Wishes to cash in on geopolitical situation, hopes anti-China sentiment will work in its favour
The company has plans to raise Rs 285 crore from sale of one of its buildings in Noida to Kailash Darshan Housing Development
Prime Minister Narendra Modi said that India is emerging as the most preferred destination for mobile manufacturing
Analysts say the production linked incentive (PLI) scheme will turn Apple's fortunes in India. Will iPhone be more affordable for Indians? Listen to the podcast to know more
The scheme aims to make India a manufacturing and export hub for mobile phones
The last of the 2-part series analyses the challenges in ramping up non-mobile device manufacturing
Import of mobile phone components during April-February FY20, according to government figures, hit $7.5 billion - of which 25 per cent was from the land of the dragon.