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Local vendors laud PC, laptop import restriction; no supply chain disruption: ICEA

Local vendors laud PC, laptop import restriction; no supply chain disruption: ICEA

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ICEA says PC, laptop import restrictions will help enable ease of doing business On Thursday, the India Cellular and Electronics Association (ICEA) said that there...
The tenure of the program will be applicable for six years and the government expects investments worth Rs.2,430 cr in the scheme

Centre launches IT hardware PLI 2.0 with Rs.17,000 cr outlay; Industry hails the move

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Cabinet approves Production Linked Incentive Scheme – 2.0 for IT Hardware On Wednesday the Centre approved an updated production-linked incentive (PLI) scheme for IT hardware,...
China’s local output of microcomputers fell 18.6 percent to 317.5 billion units in August

India, US ramping up semiconductor manufacturing allegedly leaves a dent in China’s chip output

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China's semiconductor output posts the biggest monthly decline As India and the US have ramped up domestic semiconductor manufacturing, China witnessed its biggest-ever monthly decline...
Move aims to give a further boost to manufacturing and exports of apparel, commerce and industry minister Piyush Goyal said at an industry event

Centre to launch PLI scheme for apparel manufacturers

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Second PLI scheme for the textiles sector Minister of Textiles Piyush Goyal on Saturday said that the government will soon moot a production-linked incentive (PLI)...
Foxconn's EV manufacturing arm, Foxtron, is planning to set up manufacturing plants at various locations in southeast Asia, including India

PM Modi meets Foxconn’s Chairman; lauds plans for expansion in India

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PM Modi welcomes Foxconn's plans for expanding electronics manufacturing capacity in India Prime Minister Narendra Modi on Thursday met Taiwan-based manufacturing giant Foxconn's Chairman Young...
Digital connectivity has been an important part of policy initiatives of the government through its flagship programs such as Digital India, Start-up India, Make in India, etc

Union Cabinet gives nod to mega spectrum auction; 5G services to be rolled out...

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Cabinet approves 5G spectrum auction; 72 GHz spectrum to be put on sale in July The Union Cabinet chaired by PM Narendra Modi has approved...
The incentive plan will help India attract investments worth Rs.1.7 lakh crore in the next six years

Govt plans Rs.76,000 cr for semiconductors to make India a hub for electronics

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Govt plans to provide incentives worth Rs.76,000 crore to semiconductor firms In a bid to make India a hub for electronics, the government is planning...
MoCI said, Govt has made sustained efforts to achieve a more balanced trade with China, including bilateral engagements to address non-tariff barriers on Indian exports to China

India-China trade deficit stands at USD 30 billion during April – September. India imports...

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India China trade deficit: Data shows imports from China are unaffected India-China border tensions are not affecting India’s imports from China. As per the Commerce...
India's economy to grow by 8.3% this fiscal year, says World Bank

World Bank predicts silver lining for India economy, to be the second fastest growing...

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World Bank sees 8.3% GDP growth in FY 2022 The World Bank has predicted that India's economy is expected to grow by 8.3 percent this...
Fitch forecast growth of around 7% between FY24 and FY26, supported by the govt's reform agenda

Despite claims of growth by India, Fitch ranks India as BBB- with a negative...

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Fitch Ratings keeps India's ranking unchanged Fitch Ratings on Tuesday affirmed India's sovereign rating at 'BBB-' with a negative outlook. The Fitch Ratings, a leading provider...

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