Leading Indian battery manufacturer Amara Raja Batteries has said they intend to establish a new manufacturing plant operating at a giga-scale capacity, with a primary focus on producing Li-ion cells and battery packs that are optimized for the unique conditions found in India. The move is part of the company's efforts to transition from being just a lead-acid battery maker to an energy and mobility player.
The metaverse is inspiring a lot of imagination and potential business opportunities. According to McKinsey data, as cited by Singaporean tech expert Chau Nguyen, global metaverse opportunities amounted to US$200-300 billion in 2022, with 80% coming from the consumer market and 20% from the enterprise sector. It is estimated that by 2030, the metaverse market size will reach US$4 trillion, with enterprise users accounting for 30%.
Following the labor code change in Karnataka, Apple is reportedly lobbying for another relaxation in labor laws in Tamil Nadu amid the competition among Indian states to woo investments from global manufacturers.
Following mobile phones, smartwatches, and wireless headphones, the India-based contract manufacturer Optiemus Electronics is expanding its manufacturing portfolio to include laptop manufacturing amid an increasing PC adoption resulting from trends in digital transformation and remote working and learning.
Although India's semiconductor manufacturing plans are relatively new, the country has been a strong player in the chip design engineering services sector. One of the key Indian companies active in this field is L&T Technology Services (LTTS). Recently, DIGITIMES Asia had an exclusive conversation with the company's CEO and MD, Amit Chadha, to gather insights into their plans and market outlook.
As the global manufacturing industry experiences diversification rarely seen in previous decades, Samsung Electronics has spearheaded the relocation wave. According to DIGITIMES Research, the significant investment by Samsung in Vietnam has created a reciprocal relationship between the company and local governments, representing a huge difference in Samsung's investments in Vietnam and India.
Despite India's eagerness to build a self-reliant semiconductor manufacturing ecosystem and an abundance of engineers in the IC design sector, India lacks the required talents to have a functioning IC manufacturing business and may have to recruit them from abroad, at least initially.
Apple is expected to open its long-awaited first flagship store in India, marking Apple's efforts to expand in the world's second-largest smartphone market as the global smartphone market is plateauing.
India is looking to amend its incentive scheme for IT hardware to encourage investments in manufacturing laptops and tablets in India. However, manufacturers argue against the fresh investment clause amid a declining PC market.
Xiaomi, which has maintained its top position in India's smartphone market for four years, lost to its arch-rival Samsung Electronics in the last quarter of 2022, and Xiaomi is looking to mimic Samsung's strategy to regain ground in the world's second-largest smartphone market.
In a major shift towards sustainable transportation, the penetration of commercial electric vehicles (EVs) has as reached as much as 50 percent in some of the major Indian metropolitan cities, according to Euler Motors, a leading cargo EV maker in the country.
Amid Apple suppliers' increasing investments in India, Foxconn is reportedly to make AirPods in its planned facility in the southern state of Telangana, making it the first time for both Foxconn and India to manufacture the premium wireless earphones for Apple.
According to official estimates, India's electronics production and exports are both increasing rapidly. However, India may still miss its target for electronics production of US$300 billion unless India speeds up its development in the semiconductor ecosystem.