India has become the world's biggest smartwatch market. India-based conglomerates, including Tata and Vedanta, are eyeing electronics manufacturing as global supply chain relocation is picking up speed.
Gautam Adani, Asia's richest man, confirmed Adani Group will launch a super app. AWS is investing US$4.4 billion in India, eyeing the growing cloud market in the country.
As India faces an ecnomic downturn, shipments of PCs and smartphones declined for the third quarter of 2022. India's semiconductor fab investments is progressing slowly with ISMC Analog reportedly to acquire loan from Indian banks for its analog chip fab in Karnataka.
As China's strict COVID policy keeps disrupting electronics supply chain, Foxconn is reportedly planning to add more workers in India. Meanwhile, more and more conglomerates in India are reportedly interested in semiconductor manufacuturing business.
Taiwan-based companies, including ADATA, Gogoro, and contract manufacturers of iPhone, are expanding their investments in India. ADATA is expected to be the first Taiwanese company to make memory modules in India.
Despite a falling global smartphone shipments, Apple enjoys rapid sales growth in India, and is reportedly considering moving iPad production to the country amid China's zero-tolerance COVID-19 policy.
Foxconn decided to postpone its Indian subsidiary's IPO plan due to current market conditions. Google's business in India may be negatively impacted after being fined by the country's antitrust regulator for anti-competitive practices.
Polymatech claims to be India's first semiconductor chips manufacturers after beginning producing Opto-semiconductors and memory modules, while Singapore's IGSS Ventures is looking for an India partner for its foundry fab investments in India.
Manufacturing of consumer electronics, such as mobile phones and wearables, has picked up the pace in India, and Reliance is keen to foray into the electronics manufacturing business.
India became the last major Asian economy to launch 5G services, heralding huge demand for the 5G ecosystem and devices. Pegatron inaugurated its Indian mobile phone manufacturing facility, with iPhone production in India expected to rise.
India has revised a multi-billion dollar semiconductor and display incentive policy to encourage investments in not only advanced but also mature technologies. JP Morgan believes India could be one of major Apple's production hubs by 2025.
Local and multinational companies are gearing up their semiconductor investments in India, and Google may manufacture Pixel phones in India to diversify its supply chain.
Reliance is continuing its green push by acquiring another solar energy firm. India electronics manufacturing is gathering pace with Dixon obtaining Google's smart TV sub-license rights.
Renesas will acquire India-based 4D radar technology provider to complement its ADAS offering, and Reliance's upcoming 5G rollout may repeat its history of disrupting the Indian mobile industry.
India's rapidly-growing smartwatch market is driving shipments of local brands, and China-based smartphone vendors are bracing for more regulatory scrutiny in India.
