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Chinese technical expertise to get smoother entry into India's manufacturing landscape

YourStory

YourStory · 8m ago

Chinese technical expertise to get smoother entry into India's manufacturing landscape

The Indian government has expedited visa processing for Chinese technicians required in the manufacturing firms participating in the production linked incentive (PLI) scheme. This move aims to address the previous issue of visa delays, providing relief to the companies. The Ministry of Home Affairs has proactively taken action to improve the visa process, resulting in a significant reduction in pending cases. A portal has been established to streamline the business visa facilitation. Although PLI disbursement is currently low, investments worth Rs 1.5 lakh crore have been made in plant and machinery, and exports worth Rs 4 lakh crore have been achieved by PLI firms.

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Razorpay's UPI Verse, India’s EV Dreams Hit A Wall & More

Inc42 · 1m ago

Razorpay's UPI Verse, India’s EV Dreams Hit A Wall & More

Razorpay has expanded into the UPI space by acquiring a majority stake in digital payments startup POP for $30 million. This move marks its entry into the consumer sector, beyond its core B2B focus. Meanwhile, India's electric vehicle (EV) industry faces hurdles related to rare earth elements, essential for manufacturing. The industry seeks solutions to reduce dependence on Chinese supplies, aiming for innovation in EV motor technology to overcome these challenges.

A Chinese phone maker did something Apple couldn’t: Make an EV

Livemint

Livemint · 1y ago

A Chinese phone maker did something Apple couldn’t: Make an EV

Chinese company Xiaomi has successfully launched its electric vehicle, the SU7, in its home market. With a price range of $30,000 to $42,000, Xiaomi's electric car can travel up to 500 miles on a single charge, outperforming comparable models by Tesla. The company's venture into the automotive industry highlights the changing landscape of car manufacturing, with the focus shifting towards software and features in the era of electric vehicles. Xiaomi utilized its homegrown expertise in consumer products to develop unique features and integrate smartphones and household devices into the vehicle.

Google launches film, TV production initiative called 100 Zeros: Report

Economic Times

Economic Times · 2m ago

Google launches film, TV production initiative called 100 Zeros: Report

Google has launched a film and TV production initiative called "100 Zeros," focusing on stories about artificial intelligence, digital culture, and the intersection of technology and humanity. This initiative aims to integrate Google's technical expertise with cultural storytelling, thereby influencing public narratives around innovation. It marks Google's entry into media production, highlighting its commitment to shaping discussions about technology's role in society through creative storytelling.

How China's talent recall could test India's electronics future

Livemint

Livemint · 10d ago

How China's talent recall could test India's electronics future

Foxconn is recalling key Chinese tech executives from its Indian operations, potentially impacting Apple's iPhone production expansion in India. This move could hinder India's ability to scale its assembly lines independently of Chinese expertise. While the withdrawal primarily affects Rising Stars Hi-Tech, a Foxconn subsidiary, it raises concerns about India's capability to increase high-end smartphone production without relying on China-based partners. The situation highlights the complexities of expanding tech manufacturing in India.

Xiaomi set to launch first electric vehicle on 28 March

Livemint

Livemint · 1y ago

Xiaomi set to launch first electric vehicle on 28 March

Chinese electronics giant Xiaomi will launch its first electric vehicle (EV) this month. The four-door sedan, named SU7, aims to capture interest in the Chinese EV market, which has seen a slowdown in sales and intense competition. Xiaomi's entry into the EV space comes three years after it announced its foray into car manufacturing. The company has yet to disclose the price for the SU7, but its shares rose by 9.55% following the announcement. The launch will likely impact Xiaomi's profitability due to increased marketing and operational costs.

Kedaara Capital starts 2025 with $350-mn bet on Impetus Technologies

VCCircle

VCCircle · 6m ago

Kedaara Capital starts 2025 with $350-mn bet on Impetus Technologies

Kedaara Capital has invested over $350 million in Impetus Technologies, marking its entry into the data analytics and AI solutions market. This investment will help Impetus leverage Kedaara's global network and expertise. Impetus is known for its cloud and data migration product, LeapLogic, which automates legacy system transformations. Founded in 2012, Kedaara manages assets over $6 billion, focusing on growth-oriented investments across various sectors including technology, manufacturing, and healthcare.

Tata, Israel's Tower vie for big slice of ₹4,000-crore Mohali chip plant revamp

Livemint

Livemint · 18d ago

Tata, Israel's Tower vie for big slice of ₹4,000-crore Mohali chip plant revamp

Tata Semiconductor and Israel's Tower Semiconductor are competing for a significant portion of a ₹4,000-crore project to upgrade the Semi-Conductor Laboratory (SCL) in Mohali. The project aims to enhance SCL's existing 180-nanometer fabrication line. Both companies have passed the technical bid stage, demonstrating their capability and expertise, and will now proceed to the financial bid round to determine the winner. This project is part of India's efforts to bolster its chip manufacturing capabilities.

Building Apple products has become a side hustle for China’s biggest EV maker

Livemint

Livemint · 7m ago

Building Apple products has become a side hustle for China’s biggest EV maker

Chinese electric vehicle maker BYD is responsible for assembling over 30% of Apple's iPads, according to industry executives and analysts. The company, which is Tesla's main competitor in the EV market, has a second business manufacturing electronics. BYD, along with iPhone assembler Luxshare, have become essential for Apple's supply chain in China, highlighting the difficulty of reducing Chinese manufacturing. Apple CEO Tim Cook has acknowledged the importance of the Chinese partners and their expertise, particularly in relation to tariff exemptions and diversifying suppliers.

Google To Manufacture Drones In India; Picks Tamil Nadu For First Unit

Inc42 · 1y ago

Google To Manufacture Drones In India; Picks Tamil Nadu For First Unit

India's drone market is predicted to reach $13 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 21% between 2022 and 2030. This growth is fueled by the entry of companies like Delhivery into the drone manufacturing industry. Additionally, public listings for drone makers ideaForge and DroneAcharya have taken place in the past two years.

IBM expands technology expert labs in India to accelerate adoption of Gen AI

Thehindubusinessline

Thehindubusinessline · 1y ago

IBM expands technology expert labs in India to accelerate adoption of Gen AI

IBM is expanding its technology expert labs in India to support clients in harnessing the potential of AI, hybrid cloud, and cybersecurity. The labs, located in Bengaluru and Kochi, will offer technical expertise and deploy client engagements focused on delivering value with minimal implementation risks. The move comes as organizations globally face challenges in adopting and integrating new technologies into their existing IT landscape. IBM India Labs and Ecosystem expects that the expanded labs' access to product insights and solutions will benefit clients and partners in India and globally.

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