Updated Feb 17, 2021 | 18:16 IST
Amazon will commence its manufacturing efforts with contract manufacturer Cloud Network Technology, a subsidiary of Foxconn in Chennai and start production later this year. Last year, the government had announced a Production Linked Incentive (PLI) scheme to step up manufacturing capacity. Already Apple and Samsung are producing smartphones in India through their partners.
New Delhi: E-commerce major Amazon has announced its plans to begin manufacturing its Fire TV stick streaming devices in India later and reiterates the company’s firm’s commitment to the government s Make in India’ push for an Aatmanirbhar Bharat (self-reliant India).
Amazon will commence its manufacturing efforts with contract manufacturer Cloud Network Technology, a subsidiary of Foxconn in Chennai and start production later this year, the company said in a blog post.
ET NOW news break confirmed: Cabinet approves PLI scheme for telecom
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Modi Govt Approves Rs 12,000 Crore PLI Scheme In Telecom Equipment Sector, Eyes Production Worth Rs 2 Lakh Crore
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The Union Cabinet on Wednesday approved Production Linked Incentive (PLI) scheme worth Rs 12,195 crore for the telecom and network equipment manufacturers in order to boost local manufacturing of the components.
Addressing a press conference here, Union Minister of Electronics and Information Technology Ravi Shankar Prasad said that PLI scheme for telecom products will be implemented from April 1. Today, the Cabinet approved PLIs in the telecom and networking products. Today s decision is for making India a global hub of manufacturing telecom equipment including core transmission equipment, 4G/5G next-generation Radio Access Network and Wireless Equipment, he said.
Prasad said that telecom manufacturing will reach to global scale in India and the PLI scheme is another initiative under Atmanirbhar Bharat.