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John Cockerill eyes India as export hub
Livemint
·
1y ago
Medial
Belgium-based engineering company John Cockerill Group plans to establish an electrolyzer plant in India, aiming to make it a hub for exporting the technology. The company intends to invest several hundred million dollars into the facility within the next two years. Furthermore, John Cockerill Group plans to expand its presence in the green hydrogen space in India, with a joint venture facility with Greenko. The company is also considering entering the defence manufacturing segment in India. India's low-cost renewable energy makes it an attractive market for green hydrogen production.
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Nothing To Make Smartphones In India, Aims To Make The Country An Export Hub
Inc42
·
1y ago
Medial
Smartphone maker Nothing is planning to make India its long-term export hub. The company will manufacture its latest range of smartphones, the Nothing Phone (2a), in India. Founder Carl Pei previously confirmed that the new phone would be manufactured in India. The phone is set to launch on 5 March and will feature a Dimensity 7,200 Pro processor co-engineered with MediaTek. Nothing aims to build India as an export hub in the long term and has brought its unique transparent design and global quality standards to the country.
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India EV production hub, plan to enter small electric cars segment: Toshihiro Suzuki
YourStory
·
6m ago
Medial
Japan's Suzuki Motor Corporation plans to make India a hub for manufacturing its electric SUV, the e VITARA, which will debut globally in India. President Toshihiro Suzuki stated the company aims to expand into the small electric car market after mastering EV production techniques. Despite declining small car sales, Suzuki believes demand will persist as many in India will transition from two-wheelers to affordable four-wheelers. India will also serve as an export hub for Suzuki's models.
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HMD Global Wants To Make India Production & Export Hub For Mobile Phones
Inc42
·
1y ago
Medial
HMD Global, the maker of Nokia phones, aims to make India a manufacturing hub for its phone exports. The company has been exporting feature phones to the Middle East and Africa, and now wants to export smartphones under the HMD brand name from India as well. India is emerging as a smartphone manufacturing hub, with companies like Apple, Samsung, Oppo, and Xiaomi expanding their manufacturing operations in the country. HMD Global currently sells its smartphones across various countries, but India remains its biggest market.
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Google to make Pixel smartphones at Foxconn, Dixon facilities from September
YourStory
·
1y ago
Medial
Google will be partnering with Foxconn to produce its ultra-premium Pixel smartphones in Tamil Nadu, India. This collaboration is in addition to Google's plan to manufacture Pixel smartphones at the Dixon facility. The production will start in September, and once it stabilizes, there are plans to export the smartphones from India. Google aims to tap into India's domestic market and the potential of the country as a global export hub. The move comes as part of a larger trend of premiumization in the smartphone market.
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India's growing role in semiconductor manufacturing takes centre stage at Carnegie's Global Technology Summit
Economic Times
·
3m ago
Medial
India is poised to expand its role in the global semiconductor industry, as highlighted at the Carnegie Global Technology Summit. John Neuffer, CEO of the Semiconductor Industry Association, emphasized India’s potential in areas like Printed Circuit Boards amid supply chain diversification. Recent collaborations between the US and India, including the US-India TRUST initiative, emphasize growth in critical technologies. With investment from major Indian conglomerates and supportive policies, India is set to become a significant semiconductor hub.
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Apple Investment Plans in India Intact, Proposes India to be Major Manufacturing Base: Source
OutlookIndia
·
2m ago
Medial
Apple plans to maintain India as a key manufacturing hub, despite remarks from U.S. President Trump favoring increased production in the U.S. Apple executives assured Indian officials that their investment strategies remain unchanged. Foxconn, a major Apple supplier, has commenced manufacturing Apple AirPods in Telangana for export, demonstrating ongoing commitment. India contributes significantly to global iPhone manufacturing, with 15% of output, and supports a large job market through Apple's ecosystem.
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Apple iPhones, Google Pixels to get cheaper, thanks to Sitharaman's budget
Economic Times
·
1y ago
Medial
The Indian government has reduced the basic customs duty on mobile phones and key parts from 20% to 15%. This move aims to benefit consumers and support India's position as a smartphone manufacturing hub. Apple is expected to benefit from this tax reduction, as it still imports a percentage of its high-end smartphones into India. The reduction could provide an estimated annual benefit of $35-50 million to Apple. Other manufacturers like Samsung, who already produce the majority of their smartphones locally, will also benefit. This move aligns with India's goal of becoming a major smartphone export hub.
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US eyes curbs on China's access to AI software behind apps like ChatGPT
Economic Times
·
1y ago
Medial
The Biden administration is reportedly considering placing restrictions on the export of advanced AI models, such as OpenAI's ChatGPT and Google DeepMind, in an effort to protect US AI from China. The Commerce Department may use a threshold based on the computing power required to train a model to determine which AI models would be subject to export restrictions. The US government is concerned that adversaries could use AI models to launch cyber attacks or create bioweapons. However, implementing export controls on AI models will be challenging, as many are open-source and defining the criteria for control will be difficult.
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Tesla Cars To Be Available In India Later This Year
Inc42
·
1y ago
Medial
Electric car maker Tesla has started production of right-hand drive cars in Germany for export to India later this year, according to sources. While it remains unclear which model Tesla plans to ship to India, the move is seen as part of the company’s efforts to reduce its dependence on China. The EV major also reportedly aims to make India a bigger sourcing hub, as well as build a charging network across the country. Last month, the Indian government reduced import tax rates on certain EVs, providing further incentive for Tesla’s entry into the market.
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Google to export India-made Pixel smartphones to Europe, US; trial production begins
Money Control
·
1y ago
Medial
Google is reportedly planning to establish India as an export hub for its Pixel smartphones, targeting markets in Europe and the United States. The company aims to start commercial production in India through Foxconn and Dixon subsidiary Padget Electronics, with trial production already underway in Tamil Nadu. The base variant of the Pixel phones will be manufactured by Dixon Technologies, while Foxconn will handle the Pro variants. The move comes as Google looks to diversify its manufacturing operations and take advantage of India's low labor costs and the government's production-linked incentive program.
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