India's Production Linked Incentive (PLI) incentive schemes seems to attract attention from global electronics manufacturers; however, applicants are facing new issues about custom duties on imports and delayed payout.
Ola Electric recently has been committed to battery cell investments in India. The company unveiled its first lithium-ion cell, expected to mass production by 2023. India raided Oppo and Vivo in July, underscoring the India-China geopolitical tension.
The Indian authorities again searched a Chinese firm's India unit, prompting criticism from the Chinese authorities. Amid the global supply chain disruption, the ever-increasing inventories of electronics manufacturers may become a new pressure.
IGSS, an applicant for the US$10 billion semiconductor incentive scheme, is looking to set up its fab in southern India. Renesas, eyeing opportunities in India, has expanded its relationship with Tata Group.
Amid lockdowns in China in the first quarter of 2022, made-in-India smartphone shipment continues to grow. Smartphone manufacturer Bharat FIH is closer to IPO, while manufacturers eligible for the mobile phone PLI are still waiting to receive their cash incentive.
Mitsubishi Electric is planning to build a plant in India, a move aimed at supply chain diversification, and Ola Electric is speeding up its EV battery cell plant investment negotiation.
The Indian government is investigating Chinese companies, including Xiaomi, ZTE and Vivo, for financial and tax-related issues, while Taiwan-based companies, expecting rising demand in India, are expanding their Indian business.
During the past week, Vedanta confirmed that its chip and display plants' location will be announced by mid-June, while Tesla and the Indian government still have to find some common ground on Tesla's EV investment plan.
Amid a China-plus-one supply chain landscape, Apple reportedly tells suppliers to expand production outside China, while electronic products, including PCs, tablets, and wearables, are delivering a rapid growth in India.
Optimistic about getting approval under India's chip incentive scheme, Vedanta has started to find customers before building its chip plant, while Ather Energy, one of the few electric two-wheeler vendors not caught in recent fire incidents in India, has received India's government funding.
With India aiming to build itself an EV manufacturing hub, Tesla did not respond to Indian officials' call for making EVs in India, while Toyota decided to align its carbon neutrality plan with the Indian government.
Semiconductor consortium ISMC, a joint venture between Tower Semiconductor and Next Orbit Ventures, has announced to invest US$3 billion to set up a 65nm chip-making plant in Mysuru, Karnataka, the first and largest semiconductor fab in India, according to The Economic Times.
India's Ministry of Electronics and Information Technology has issued a press release saying that India will hold Semicon India 2022 in Bangalore from April 29 to May 1, and names expected to participate in the conference include: Sanjay Mehrotra, CEO of Micron; Anirudh Devgan, CEO of Cadence; and Ajit Manocha, president of SEMI. The Indian government expects a number of MoUs to be signed during the event.
Apple has confirmed manufacturing of iPhone 13 in India, according to The Economic Times, which means with the help of Wistron and Foxconn, Apple currently makes iPhone 11-13 in India, and Pegatron's India plant is expected to start production in April and initially will manufacture iPhone 12Still, the Pro series of iPhone 11-13 is not assembled in India.
