Thanks to the incentive policy for mobile phone manufacturing offered by the Indian government and a need to diversify production away from China, Apple suppliers reportedly met their production and export targets in India and may be eligible for lucrative incentives.
Samsung announced progress in its research and development activities in India, emphasizing its commitment to continuing to expand its presence in the country.
India is narrowing the gap with China and Vietnam in smartphone exports, bolstered by iPhone manufacturers' efforts to establish the country as a significant hub for smartphone production.
India-based EV unicorn Ola Electric announced a plan to spend US$100 million to build a Gigafactory, focusing on in-house battery cells, as the company is expanding beyond the EV business into becoming a cell provider.
Alibaba Group Holding's cloud computing division, Alibaba Cloud, has announced plans to discontinue its data center operations in Australia and India as part of a strategic shift in infrastructure investment. The decision, outlined in a statement on Thursday, comes amidst a broader effort to enhance spending in Southeast Asia and Mexico.
In response to the serious shortage of the local labor force in Taiwan, the "Taiwan-India Labor Cooperation Memorandum of Understanding" was approved by the Legislative Yuan on June 26 and will be sent to the Legislative Yuan for discussion. If this goes well, it will be the first time in 20 years that Taiwan has added a new source of migrant workers.
Foxconn encountered fresh accusations from a Reuters report saying the company excludes married women from working at facilities, which Foxconn refutes. Data indicated that India issued much fewer visas to Chinese nationals after the border conflict with China.
A Taiwanese top official expects more suppliers in the ICT ecosystem to invest in India, as the bilateral economic ties are deepening because of global supply chain relocation.
Due to the diversification of global supply chains and strong demands from customers, Foxconn's increasing investments in India have garnered significant attention.
In response to a Reuters report indicating that Foxconn has concerns regarding discrimination against married women, Foxconn issued a statement denying the allegations.
Corning has held a groundbreaking ceremony for its new cover glass facility in Tamil Nadu, with operations scheduled to commence by mid-2025. This marks a significant expansion of another major electronic component supplier in India.
After a Reuters report indicating Foxconn may be barring married women from working at its Indian facility in Tamil Nadu, the Indian government asked the state government to investigate the matter.
Despite weak growth in India's PC and tablet markets over the past few years due to inventory challenges, Canalys believes the demands are expected to grow in the following two years.
