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Tatas may double iPhone casings capacity to 1 lakh
Economic Times
·
2m ago
Medial
Tata Electronics plans to double its capacity for producing iPhone enclosures at its Hosur unit ahead of Apple's annual product launches. This expansion follows recovery from a fire that impacted prior capacity levels. The move aligns with Apple's strategy shift, focusing on India as a primary manufacturing hub for iPhones sold in the US, diversifying its supply chain from China. Tata's acquisition of Pegatron and investments by other Apple suppliers highlight this broader trend.
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Apple supplier Jabil eyes two more India units with $275 million investment
Economic Times
·
8m ago
Medial
Apple supplier Jabil is planning to invest $250-275 million in India to build two new manufacturing units over the next few years. Currently, Jabil operates two units in Pune and proposes to set up another unit in Tamil Nadu. The investment comes as Jabil aims to expand its operations in India, which is a rapidly growing market for iPhones. Jabil has been producing plastic casings for Apple AirPods and intends to venture into making plastic casings for chargers, older iPhone models, AirPods, and components for Apple watches and Mac.
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Apple's Bold Move Doubling iPhone Production in India to Embrace a Growing Manufacturing Hub
Business Bytes
·
1y ago
Medial
Apple plans to double its iPhone production in India by 2024, according to analyst Ming-Chi Kuo. India has been actively attracting tech manufacturing investments, offering incentives and reducing barriers. Foxconn, a key manufacturing partner, holds a significant share of iPhone production capacity in India, allowing for diversification and reduced dependency on China. Luxshare, a supplier initially focused on iPhone cables, is expanding its iPhone production in India. Apple's move aligns with India's "Make in India" initiative and demonstrates its commitment to tapping into the Indian market's potential and leveraging India's growing manufacturing reputation.
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Tatas’ Hosur plant starts assembling Apple’s iPhones
Economic Times
·
1m ago
Medial
Tata Electronics has begun assembling iPhones at its Hosur plant, aiming to become a key player in the smartphone supply chain, previously led by Taiwanese companies like Foxconn. This move complements Tata’s existing production of iPhone enclosures at Hosur. Expansion plans include increasing assembly lines, boosting employment, and enhancing India’s value addition in technology manufacturing. This aligns with Apple’s strategy to diversify its supply chain beyond China, strengthening its Indian operations.
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Tata Electronics building Hi-tech machines to make iPhone casing
Economic Times
·
1y ago
Medial
Tata Electronics, a major player in producing iPhone enclosures in India, is now working to develop high-precision machines used in producing iPhone casings. The company is collaborating with two Indian manufacturers and plans to export these machines in the future. This move aligns with the Indian government's goal of increasing electronics exports to $300 billion by 2025. Tata Group is testing these machines at their facility in Hosur to reduce dependence on imported parts and build a robust manufacturing ecosystem in India. The development of these capital goods is crucial for the industry's growth.
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India’s data centre capacity to nearly double by 2027, says ICRA
YourStory
·
4m ago
Medial
India's data centre capacity is projected to nearly double, reaching 2,000-2,100 MW by March 2027, driven by increased data usage. Significant investments of Rs 2 lakh-2.3 lakh crore are planned, with new developments primarily in Mumbai, Chennai, and Hyderabad. Hyperscalers influence co-location services, leading to rental moderation as competition rises. The expansion is supported by AI, cloud, and 5G demands, although developers face longer payback periods and impacted returns due to increased competition.
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China installed more solar panels last year than the U.S. has in total
Ycombinator
·
1y ago
Medial
China is the global leader in renewable energy, with 40% of the world's solar capacity, surpassing the US which holds 12%, according to Rystad Energy. Last year, China installed more new solar capacity than any other country. They are set to reach 500 GW of installed capacity by the end of 2023 and are on track to double it to 1 TW in just three more years. China's strategic focus on renewable energy is evident in their investments and adoption of innovative technologies.
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Apple Sets Revenue Record In India Amid Global Slowdown
Inc42
·
1y ago
Medial
Apple recorded record revenue in India during the March quarter, despite a 4% decline in overall revenue due to a decrease in iPhone sales. The company's CEO, Tim Cook, expressed satisfaction with the strong double-digit growth in India and emphasized the country's importance as a market. Apple has been expanding its operations and go-to-market strategies in India and recently opened new stores. Cook highlighted the significant opportunities in emerging markets like India, Mexico, Saudi Arabia, and Brazil, where Apple's market share is low but growing. In India, Apple's retail outlets recorded high revenues, and the company manufactured iPhones worth INR 1 Lakh Cr in 2023.
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Bhopal man starts double-storey goat farm, now earns in lakhs
Inshorts
·
4m ago
Medial
With a desire to move out of his comfort zone, Sameer Ismail started the Bhopal Goat and Agro Farm in 2021. This double-storey farm operates on well-researched methods of raising and breeding goats. With an optimum capacity of 300 to 350 goats, the farm is smell-free and disease-free as well. In FY24, the revenue figure came at roughly ₹30 lakh.
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Tata To Double Headcount To 40K In Its Hosur iPhone Plant
Inc42
·
9m ago
Medial
Tata Electronics is set to double its workforce to 40,000 by hiring an additional 20,000 employees at its Hosur iPhone assembly plant. This move aligns with Apple's manufacturing strategy in India, where 1 in 7 iPhones are currently produced. Tata Group has already invested in three major manufacturing units in Tamil Nadu and currently employs over 150,000 people directly in the state.
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Oyo eyes dollar bonds to refinance debt; Tatas, Pegatron take iPhone talks forward
VCCircle
·
1y ago
Medial
Oyo Hotels is reportedly considering raising $450 million through dollar bonds to refinance its debt and replace a high-cost loan. The Indian startup has faced delays in its stock market debut. Parent company Oravel Stays Ltd. is in talks with bankers for the bonds. In other news, the Tata Group and Pegatron are progressing discussions around iPhone manufacturing in India.
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