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India Business News: Chinese firms have agreed to outsource manufacturing processes to Indian companies like Dixon Technologies and Karbonn, driven by government pressure. ....
To reach the ambitious goal of a $5 trillion economy, the government aims for $300 billion in electronics production, including $100 billion in exports, by providing manufacturers with incentives. The government s efforts, including the Production Linked Incentive Scheme (PLI), aim to boost exports and production in the electronics industry. ....
Ashwini Vaishnaw: Vaishnaw said Prime Minister Narendra Modi signed the Memorandum of Understanding (MoU) with Micron Technology during his visit to the United States in June last year, and the construction of the company’s factory began in just 90 days in September. ....
Semiconductor Sector: The demand, according to her, is expected to grow in tandem with advancement in manufacturing and evolution of design functions, with multiple government schemes and foreign investments. But, Loliwala cautioned that the rising skill gap of 28% is expected to widen in the next few years within the telecom sector. ....
Making the Pixel 8 in India will not necessarily bring the price down witness iPhones made in India that are more expensive than those in the US and Dubai. ....