Apple contract manufacturers continue expanding their investments in India, while CMR said that Samsung is still the largest mobile phone exporter in India.
Pegatron reportedly to set up second factory in India
Two sources told Reuters that Taiwan-based electronics manufacturer Pegatron, one of the iPhone assemblers, is in talks to set up a second manufacturing facility near Chennai as Apple suppliers have been speeding up their investments in the south Asian country.
Apple reportedly lobbying for more labor code relaxation in India
Bloomberg quoted unnamed sources saying that Apple and the Indian Cellular and Electronics Association (ICEA) met with government officials from the government of Tamil Nadu, seeking to relax labor laws in the state and close the working hour gap between India and China.
Karnataka approved Foxconn's INR80 billion phone phone project
According to Deccan Herald, a high-level clearance committee under the government of Karnataka approved 18 projects with INR753.93 billion (US$9.14 billion), which will generate 77,606 jobs in the state, with Foxconn's INR80 billion project expected to add 50,000 jobs.
Samsung, not Apple, is the top mobile phone exporter in India, says CMR
The Economic Times, citing CMR's data, reported that, with an export value of US$8 billion, Samsung accounted for 70% of exported smartphones from India for the first ten months of fiscal 2023 (April 2022 to March 2023), leading Apple's US$6 billion for the same period. CMR's data differs from that provided by ICEA, which said Apple was the largest mobile phone exporter.
India unveiled Bharat 6G vision
India's Department of Telecommunications under the Ministry of Communications launched the Bharat 6G Vision document on its website, saying India needs to take stock of the resources at its disposal to ensure the achievement of Mission 6G. India will identify priority areas for research by involving all stakeholders, including industry, academia, and service providers, spanning theoretical and simulation studies, proof-of-concept prototypes and demonstrations, and early market interventions through startups to take the lead.
Ola Electric reportedly begins fundraising plan
Unnamed sources told The Economic Times that Ola Electric, the largest electric two-wheeler brand in India, was planning to raise funds worth US$250-300 million to expand its operations and battery manufacturing facility. The deal, if successful, will make Ola Electric the most valuable electric two-wheeler company in India.
