[ad_1] In a groundbreaking move set to reshape India’s electronics landscape, the Union Cabinet has given the green light to the ambitious Electronics Component Manufacturing Scheme, backed by a massive funding of ₹22,919 crore. The initiative is set to attract investments of ₹59,350 crore and create over 91,600 direct jobs, along with additional indirect employment […]
Beijing may be holding back critical equipment meant for Indian electronics manufacturers – CNBC TV18
[ad_1] Meity Secy was speaking at AI Forward – A joint initiative by CNBC-TV18 & EY. Company Value Change %Change He explained that the industry had expressed concern that import of capital goods, critical for electronics manufacturing, were being constrained. Industry players like Foxconn had raised concerns that capital equipment, which were being imported from […]
ICEA Chairman sees immense potential for India in global manufacturing – CNBC TV18
[ad_1] India’s manufacturing story is one of immense potential, but it’s also riddled with challenges. At around just 2.8% of global manufacturing output, India lags significantly behind China, which accounts for a whopping 33%. This stark gap highlights the structural issues India must address to become a global manufacturing powerhouse, says Pankaj Mohindroo, Chairman of […]
Rana Gupta flags two key risks that could weigh on the market – CNBC TV18
[ad_1] Rana Gupta, Senior Portfolio Manager and India Equity Specialist at Manulife Investment Management, identified two key downside risks for the Indian market. The first risk comes from the potential oversupply of equity paper. Gupta mentioned that several large initial public offerings (IPOs) are planned for October and November, and if these issues do not […]
US advocacy group says laptop and PC ban threatens Indians’ access to tech – CNBC TV18
[ad_1] In an exclusive conversation with CNBC TV18, Jason Oxman, President and CEO of the Information Technology Industry Council (ITI), warned that if the issue of import restrictions on laptops and PCs is handled “incorrectly,” it could “shut off” access to computing devices for Indians. In August 2023, the Indian government sought to introduce restrictions […]