Before India's import license requirements take effect in November, notebook orders have increased in India to reduce uncertainties. PC and notebook vendors also applied for India's incentive scheme to make products in India to avoid license requirements.
Notebook orders increase for Indian market
Brand notebook vendors have stepped up their pace of orders destined for the Indian market and are expanding local assembly production capacity in response to the Indian government's plan to restrict PC imports beginning in November, industries sources told DIGITIMES.
Global PC vendors propose to make products in India
40 companies applied for India's Production Linked Incentive (PLI) scheme for IT hardware 2.0. Global suppliers include HPE, Lenovo, Acer, Asus, Thompson, Flex, and Foxconn's Indian subsidiary Rising Stars. Local manufacturers include Padget, VVDN, Netweb, Syrma, Optiemus Technologies, Sahasra, Neolync, Panache, Sojo, and Kaynes.
Foxconn's investment in Vietnam and India gets green light
The Investment Commission under Taiwan's Ministry of Economic Affairs (MOEA) approved six investment applications on August 29, including Hon Hai Precision Industry (Foxconn)'s application for investing US$328.52 million in Foxconn Singapore. The proceeds will be used in Foxconn's Vietnam and India operations.
India reportedly contemplating reduction in EV import tariffs amid ongoing discussions with Tesla
Reuters quoted sources saying that India is considering slashing the import tariffs of EVs in CBU (completely built unit) form from as high as 100% (for a CIF value of over US$40,000) to as low as 15% as long as the automaker commits to some local manufacturing. The policy is currently under preliminary consideration, and the ultimate tax rate may undergo modifications.
Tata Elxsi eyes hydrogen and other clean energy innovations to augment EV solutions
Shamal, a company focused on electrification and transportation, wants to expand its interests beyond EVs. They aim to develop solutions that work alongside EVs to optimize clean energy utilization. Shamal VP, the company's electrification practice and transportation head, mentioned their exploration of hydrogen-based fuel alternatives as a promising avenue. They acknowledge the potential significance of hydrogen fuel cells in the growing green energy sector and want to be part of this advancement.
Reliance to develop India-specific AI models
Reliance Industries held the 46th annual general meeting, where the conglomerate announced plans to develop India-specific AI models and AI-powered solutions across domains. Reliance is expected to complete the 5G coverage with the fastest speed in the world.
India relaxes requirements for low-emission vehicle manufacturing incentive scheme
The Ministry of Heavy Industries of India said it would relax some requirements and rules for the INR259.38 billion (US$3.14 billion) Production Linked Incentive (PLI) scheme announced in September 2021. India will extend the PLI scheme by a year, with the effective period from fiscal 2023 (April 2022 to March 2023) to the previously designed fiscal 2026 to 2027. India will add two testing agencies for domestic value addition in Indore and Chennai to speed up the clearing procedure. Companies under the scheme are eligible for the incentives if their domestic value addition is more than 50%. Besides, India will provide fiscal incentives quarterly.
