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Listed homegrown business-to-business electronic manufacturing services provider Amber Enterprises’ Iljin Electronics has acquired 60% stake in printed circuit board maker Ascent Circuits for an undisclosed ......
Amber Group has acquired 60% stake in Ascent Circuits Pvt. Ltd to boost its electronic manufacturing services (EMS) portfolio by increasing its local value addition and backward integration into passive components of printed circuit boards (PCB) assemblies. The Amber Group operates across three business verticals- consumer durables, EMS and Railway subsystems and mobility.
The manufacturing facility near Chennai by the Taiwanese electronics major was set up under Centre’s popular Production Linked Incentive scheme (PLI), , MoS Chandrasekhar, mobile manufacturing, pegatron, Chengalpattu, inauguration
: Saturday, April 24, 2021, 2:30 AM IST While Govt has got the PLI scheme right, it must address the criticism about protectionism on the trade front, writes Kiran Nanda The growth-oriented plan needs nurture in the current scenario The way to realise the aim of becoming a $5tn Indian economy (currently $2.9tn), is to increase the speed of and scale up investments so as to make the manufacturing sector grow in double digits on a sustained basis, as compared to the mere 3-4 per cent growth in recent times. Only then can manufacturing attain a share of around 25 per cent of GDP, presently sta...
Photograph by Rajwant Rawat On March 10, the $274 billion, Cupertino, California-based Apple Inc. announced it is starting production of the 5G-compatible iPhone 12 in India. It appeared like a routine announcement. After all, Apple has been assembling older generation iPhones in India through contract manufacturers since 2017. It wasn't. It might have been a small step for Apple but was a giant leap for Indian manufacturing. India's new Production Linked Incentive (PLI) Scheme to reduce import dependence and promote local manufacturing had lured three of Apple's Taiwanese original equipment...