Specified Electronic Components Segment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

Highlights The government looks to spend Rs 1.97 lakh crore on various PLI schemes over the next 5 years, says FM Sitharaman. A scheme of Mega Investments Textile Park will be launched in addition to the PLI Scheme which will create world-class infrastructure with plug and play facilities to enable global champions in exports, said Union Finance Minister Nirmala Sitharaman. In November, the government announced a mega PLI scheme for 10 sectors, including advanced chemistry cell battery, electronic products, automobiles and auto components, pharma, telecom and networking products, textile, foo...