Foxconn Eyes 300 Acres in Greater Noida for a New Facility
Apple’s top iPhone manufacturer in the world, Foxconn, entered India recently and is now exploring the possibility of setting up a new manufacturing facility in Greater Noida, Uttar Pradesh. According to the company, it is looking for a 300-acre plot alongside the Yamuna Expressway. Foxconn made its debut in India with a manufacturing facility in…
ABHYUDAYA MITTAL
Apple to Boost India’s Manufacturing with ‘Made in India’ AirPods
Apple is doubling down on its commitment to the ‘Make in India’ initiative by gearing up to produce AirPods locally for export. This move makes AirPods the second product category—after iPhones—to benefit from India’s production-linked incentive (PLI) scheme. Launched in September 2014 by the Prime Minister, ‘Make in India’ is part of a broader vision…
Shipra Prajapati
Foxconn To Set Up A Massive Battery Plant In Tamil Nadu
India’s largest contract manufacturer company, Foxconn, is planning to establish the world’s second-largest Battery Energy Storage System (BESS) in Tamil Nadu. The Tamil Nadu government has offered 200 acres of land to the company for this massive project. The discussion for this project is in the final stage. Also, an official revealed that Tamil Nadu…
Yash Sharma
Foxconn Bets Big on India with Its New Display Assembly
Foxconn plans to invest $1 billion in Tamil Nadu to set up its new display assembly facility. However, the timeline is not fixed yet; according to the Economic Times, Foxconn wants its facility to be up and running “as soon as possible.” Someone mentioned to Economics Time, “Foxconn has picked up about 500,000 square feet…
Apple To Shift Half Of Supply Chain From China To India
Recently, Apple has been trying to distance itself from China for obvious reasons and is investing heavily in India. Moreover, the company wants to shift half of its supply chain from China to India over the next three years, significantly increasing the number of jobs it offers in India. As per reports by the Economic…
Israeli Semiconductor Company To Produce Chips In India
In an attempt to capitalise on the $10 billion dollar incentives offered by the Indian government, Israeli semiconductor manufacturing company Tower Semiconductors has pledged to invest around $8 billion in India to build a chip-manufacturing facility. Semiconductor manufacturing and assembly has been the key area of focus in business for the Modi government and for…
abhinav singh
Top Business News Round-Up From Asia
The development of Asia has speed up in the last few years thanks to emerging technology and the integration of AI. Read our Asian news round-up and stay up-to-date with all the latest developments from Asia. Singapore To See Acceleration In Its Economic Growth The Mastercard Economic Institute or MEI, has released a report, and…
Karnataka Government Approves Projects Worth $4.09 Billion
In an attempt to uplift the state’s economy, the Karnataka government has approved 14 investment projects worth $4.09 billion. According to the state authority, these projects have the potential to generate around 13,308 jobs in Karnataka. Out of the 14 approved projects, 10 are brand new, while the remaining 4 are old projects planned to…
Aman Goyal
Asian News Round-Up: Top News From Asia
The continent of Asia has some of the most powerful countries in the world. Asia has also been a place where the major production of goods takes place. So it’s safe to say that there is a lot that takes place in Asia. Today we will give you 3 of the top news from Asia. …
Chandan Kumar
Foxconn & STMicro To Tie Up For Semiconductor Plant
Foxconn Technology Group, a Taiwanese multinational electronics contract manufacturer, has recently planned to tie up with STMicroelectronics NV, which is a Franco-Italian semiconductor manufacturer. Basically, this partnership is planned to develop a semiconductor plant in India. The two companies are keen to expand their business presence in the South Asian country and hope to receive…
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