What's new

Make in India | News, Updates & Discussions

.
Xiaomi about to take a giant leap forward in India, tweets Hugo Barra

CL79DCiVAAEGko2.jpg


In March, Hugo Barra, the popular face of Xiaomi in India had revealed that the company plans to start production in India in the next 18 months. Today, early this morning, he tweeted an image of a hoarding in Vizag promoting Mi and its plans to ‘Make in India’.
Good morning Vizag! Xiaomi is about to take a giant leap forward in India.pic.twitter.com/kqLot8N4B6
— Hugo Barra (@hbarra) August 9, 2015

In the tweet, Barra says that Xiaomi is ready to take a giant leap in India. It could quite likely be about Xiaomi’s ‘Make in India’ plans and an announcement may be in the pipeline. On the other hand, the ‘giant leap’ could also mean the company’s plans for pan-India stores and further expansion of its reach across the nation.
The company recently announced its partnership with Redington to make its smartphones available across physical retail stores. “We have partnered Redington. We will begin with select cities like Hyderabad, Chennai and Bangalore and later scale it pan-India,” Xiaomi India Head Manu Jain had told PTI.
The company will be selling four models – Redmi 2, Mi 4, Mi 4i and Mi Pad – starting later this month. In April this year, Xiaomi had roped in Amazon and Snapdeal as its online partners and extended sales through its own website as well. The company has also ventured into brick and mortar stores by partnering with retail chain The Mobile Store and private telecom operator Bharti Airtel to reach out to more consumers.

Xiaomi about to take a giant leap forward in India, tweets Hugo Barra – Tech2
 
. . .
Make in India is taking shape, global companies showing interest: Finance Ministry

By PTI | 6 Aug, 2015, 10.23PM IST
shaktikanta-pti.jpg

"Sony, Foxconn and many more. Budget booster in indirect taxes silently working for domestic manufacturing," Revenue Secretary Shaktikanta Das said.
NEW DELHI: Enthused by the announcements of global electronics major Foxconn and Sony to set up manufacturing facilities in India, Finance Ministry today said the "budget boosters" are silently working and 'Make in India' is taking shape.

"Sony, Foxconn and many more. Budget booster in indirect taxes silently working for domestic manufacturing. Make in India taking shape," Revenue SecretaryShaktikanta Das said in a tweet.


Taiwan-based Foxconn, which makes iPhone, iPad and other Apple products, had earlier this week said it was in talks with Adani group and other Indian firms to set up manufacturing factories in India.


Foxconn Chairman and CEO Terry Gou, this week made a second visit to India in 45 days, said his company was "very keen to invest" in the country and is in talks to strike partnership with local companies.


Gou said Foxconn is in talks with billionaire Gautam Adani's Group for electronics manufacturing facilities and has visited Karnataka, Maharashtra, Andhra Pradesh and Gujarat to scout for possible locations for the facilities.

The Taiwanese firm is also working with Micromax and Snapdeal.


In June, Japanese electronics major Sony had said it was "seriously" looking at participating in the government's 'Make in India' initiative and may consider setting up a manufacturing plant in the country.

Sony India is the fourth highest contributor in the global sales of Sony Corporation.

Finance Minister Arun Jaitley in his 2015-16 Budget has announced a host of tax and non-tax initiatives to boost domestic manufacturing as part of the Make In India programme.


Make In India aims to promote country as a global manufacturing hub.

Make in India is taking shape, global companies showing interest: Finance Ministry - The Economic Times
 
.
5 Things That Show Modi’s ‘Make in India’ Campaign Is Working

Indian Prime Minister Narendra Modi launched his ambitious “Make in India” program last September, pledging to lower barriers to doing business and promote foreign investment. He is hoping to transform Asia’s third-largest economy into a manufacturing powerhouse like China.


It has been almost a year since the program was launched, so it’s fair to ask if it has yielded any results.

While many international executives and investors have complained Mr. Modi and his party have not used their rare majority in Parliament to ram through some much-needed reforms, that hasn’t stopped them from making big new bets on India as other emerging markets have fallen out of favor. Here are five things that show Mr. Modi’s campaign is gaining traction.

12 AUG 2015 2:47AM

BY
ANANT VIJAY KALA
  • 1
    FDI is surging

    Foreign direct investment between October and May was up 40% to $23.7 billion from the same period a year earlier. Net investments by foreign institutional investors, or the money coming through financial markets, totaled $40.92 billion in the fiscal year ended March 31, roughly seven times as much as in the prior year.
  • 2
  • Industrial production is warming
    The pick-up in investments is starting to show in the country’s industrial production numbers. Official data show India’s industrial production rose an average 2.7% year-over-year in the seven month period from October to May. Nothing spectacular one may say. But it is a significant step up from the measly 0.6% increase during the comparable period a year earlier.
  • 3
  • Foxconn bet billions
    Contract-manufacturing giant Foxconn last weekend announced plans to spend $5 billion on factories and research and development in the western Indian state of Maharashtra. The company is one of the many looking to produce in India as the country’s consumers spend more on electronics.
  • 4
    GM doubled down

    General Motors Co. recently announced it will invest another $1 billion. It has struggled to gain market share in India but its decision to pour in more funds and retool so it can make cars for domestic consumption and export shows it expects things to improve.
  • 5
    Uber is ramping up its roll out

    While it is a services company and not a manufacturer, ride-hailing app Uber Technologies is ramping up its commitment to India. India is already its second-largest market in terms of cities served. To meet growing demand, Uber recently announced will invest $1 billion over nine months to build its network in India.
5 Things That Show Modi’s ‘Make in India’ Campaign Is Working - WSJ5 Things That Show Modi’s ‘Make in India’ Campaign Is Working - WSJ
 
.
Taiwan electronics manufacturing cluster with investment of $500 million to come up in Bengaluru
By PTI | 12 Aug, 2015, 04.18PM IST
Post a Comment
taiwan-electronics-manufacturing-cluster-with-investment-of-500-million-to-come-up-in-bengaluru.jpg

TEEMA today signed a pact with Karnataka for establishing Taiwan Electronic Manufacturing Cluster with an investment of $500 million.
BENGALURU: Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) today signed a pact with Karnataka Industrial Areas Development Board (KIADB) for establishing Taiwan Electronic Manufacturing Cluster (TEMC) here with an investment of $500 million.

The state Minister for Large & Medium Industry R V Deshpande had an interaction with TEEMA's 21 member delegation, led by Francis Tsai, Executive Director, TEEMA for establishing TEMC manufacturing facility in the 100-acre Devanahally IT park, according to an official release.

The meeting was "fruitful" with TEEMA agreeing to sign an MoU with KIADB today in this regard, with an indicative investment of $500 million, it said.

Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) was founded 65 years ago in 1948.

The MoU is to establish Phase-I of 'Taiwan Electronic Manufacturing Cluster' (TEMC),Bengaluru, a manufacturing facility in Devanahally IT park with a proposed future expansion in another 800-1,000-acre industrial park near Bengaluru, it added.

TEEMA will also set up a training and incubation centre in IT park with focus on providing employment to more than 20,000-30,000 people once the TEMC becomes operational, it added.

The Karnataka government and all its authorities will facilitate for the same on a fast-track basis so that the TEMC becomes operational in the "shortest time", the release added.

Taiwan electronics manufacturing cluster with investment of $500 million to come up in Bengaluru - The Economic Times
 
. . .
What you guys are missing in all this is that Modi is communal, RSS is evil and Modi does not attend parliament and goes on foreign tours. Shame shame. :angry::angry::angry:
 
.
Make In India: Lenovo-Motorola starts making smartphones at Chennai plant

By Romit Guha, ET Bureau | 18 Aug, 2015, 12.56PM IST
make-in-india-lenovo-motorola-starts-making-smartphones-at-chennai-plant.jpg

Lenovo, which also owns Motorola Mobility, has already started rolling out two of the 4G variant of Moto E smartphone from the plant.
NEW DELHI: China's Lenovo Tuesday said that it has started local manufacturing of its smartphones at Sriperumbudur near Chennai, through a contract manufacturer. Lenovo, which also owns Motorola Mobility, has already started rolling out two of the 4G variant of Moto E smartphone from the plant, and will start making another 4G device, Lenovo K3 note device, soon.

The company said that both Lenovo and Motorola will have separate manufacturing lines at the same facility.

The plant will house 1500 employees for manufacturing lines, quality assurance, and product testing.

The current capacity of the plant is 6 million units for the current financial year, the company said. The plant is the only plant outside China, which will manufacture smartphones for both the brands

Amar Babu, COO, Asia Pacific and chairman of Lenovo India said that the company expects its partner to source about 30% components locally. "We are talking to government to improve availability of components locally to improve the total value of devices."

Chen Xudong, President MBG group, Lenovo and chairman Motorola Mobility operation board said that Lenovo is bullish on the Indian market and aspires to be the leader in the market.

Both Lenovo and Motorola have started integrating the manufacturing and supply chain operations and are working towards to combining many back-end operations as well.

Make In India: Lenovo-Motorola starts making smartphones at Chennai plant - The Economic Times
 
.
Taiwan Electronics Manufacturing Cluster to Open in Bengaluru | NDTV Gadgets

Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) on Wednesday signed a pact with Karnataka Industrial Areas Development Board (KIADB) for establishing Taiwan Electronic Manufacturing Cluster (TEMC) in Bengaluru with an investment of $500 million.

The state Minister for Large & Medium Industry R V Deshpande had an interaction with TEEMA's 21 member delegation, led by Francis Tsai, Executive Director, TEEMA for establishing TEMC manufacturing facility in the 100-acre Devanahally IT park, according to an official release.

The meeting was "fruitful" with TEEMA agreeing to sign an MoU with KIADB on Wednesday in this regard, with an indicative investment of $500 million (roughly Rs. 3,237 crores), it said.

Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) was founded 65 years ago in 1948. The MoU is to establish Phase-I of 'Taiwan Electronic Manufacturing Cluster' (TEMC), Bengaluru, a manufacturing facility in Devanahally IT park with a proposed future expansion in another 800-1,000-acre industrial park near Bengaluru, it added.

TEEMA will also set up a training and incubation centre in IT park with focus on providing employment to more than 20,000-30,000 people once the TEMC becomes operational, it added.

The Karnataka government and all its authorities will facilitate for the same on a fast-track basis so that the TEMC becomes operational in the "shortest time", the release added.
 
.
Bosch has expanded its already big presence in India with a brand new, state-of-the-art manufacturing unit at Bidadi, an industrial town situated on the Bengaluru-Mysore highway. This is Bosch’s fifth manufacturing unit in Karnataka alone. An investment of over Rs 340 crore has gone into the plant.

The new plant has been designed in a phased process with the second phase scheduled to be completed by 2018. Bosch will use the complicated Industry 4.0 streamlining process to help boost productivity from the plant which will handle manufacturing of products related to Bosch’s diesel systems division.

Bosch opens its 14th plant in India - Firstpost
 
.
Global electronic companies line up Rs 90,000 crore for India plants
Updated: Aug 23, 2015 23:19 IST

samsungshop-rtrs.jpg


The government has received Rs 90,000-crore investment proposals in the last two months for electronics manufacturing in India, with both local and foreign firms showing significant interest in making mobile phones.

About Rs 90,000 crore worth of proposals were received in the last two months. There is hardly any company, which has not shown interest to manufacture in India,” said Ajay Kumar, additional secretary in the communications ministry.

India is already the fastest-growing smartphone market and is now becoming the manufacturing hotspot for mobile phones, he added.

About Rs 1.10 lakh-crore worth of proposals have been received in the last 1 year from various companies for electronics manufacturing under the modified special incentive package scheme. Of this, over 80% have materialised in the last two months.

“There is significant interest in mobile phones. Now we are seeing a lot of players are coming in, both Indian companies and foreign ones. They are increasing their presence here,” Kumar said.

Global companies, including Airbus, Phillips, Thomson, Samsung, LG and Flextronics, have shown interest to make in India.
According to CyberMedia Research, 24.8% of smartphones sold in the country during the April-June quarter were made locally, up 19.9% from the preceding quarter.

In the past few weeks, Xiaomi and Motorola, along with Lenovo, have commenced assembling smartphones in the c
 
. .

Pakistan Defence Latest Posts

Pakistan Affairs Latest Posts

Back
Top Bottom