Apple supplier Pegatron has registered a new company Pegatron Electronics India Private Limited. The Taiwanese firm has registered the new company with the Registrar of Companies, Chennai. Pegatron Electronics India Pvt. Ltd.’s business activity is described as manufacture of other communication equipment. Based in Mahindra World City, Chengalpattu, near Chennai, the company has a paid … Read more
The incremental GST of 6% on mobile phones has raked in ₹42,897 crore over the last three financial years, topping the nearly ₹39,000-crore outlay of the production-linked incentive (PLI) scheme for manufacturing of smartphones and making the government scheme self-sustaining, according to industry executives. In fact, the five-year smartphone PLI scheme will leave a revenue … Read more
The government is likely to extend fiscal incentives for the production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme to cover more high-employment potential sectors, sources said. The government has already rolled out the scheme with an outlay of about Rs 2 … Read more
Apple has asked suppliers to ensure that shipments from Taiwan to China comply with the latter’s customs regulations to avoid them from being held for scrutiny, according to a Nikkei report on Friday. Sino-US trade tensions have escalated following US House of Representatives Speaker Nancy Pelosi and a congressional delegation’s visit to Taiwan. The iPhone … Read more
Apple’s prime supplier Foxconn Technology Group halted operations at two of its factories in eastern China’s Kunshan after new COVID-19 cases were reported on site, the South China Morning Post reported on Monday. The operations at those plants have been suspended since Wednesday last week, with all employees confined to dormitories inside, the report said. … Read more
Shipments of some Apple products, as well as Dell and Lenovo laptops are likely to face delays if China’s COVID-19 lockdowns persist, analysts said, as curbs force assemblers to shut down and closed-loop arrangements get harder to maintain. China’s race to stop the spread of COVID-19 has jammed highways and ports, stranded workers and left … Read more
India approved a Rs. 7,350-crore plan to boost local manufacturing and exports of IT products such as laptops, tablets, personal computers, and servers, the technology minister said. The production-linked incentive (PLI) plan will help India export IT goods worth Rs. 2,45,000 crore, minister Ravi Shankar Prasad told a news conference. It provides manufacturers cash-backs of … Read more
New Delhi: Applications by iPhone contract makers Foxconn, Pegatron and Wistron as well as Samsung, Karbonn, Lava and Dixon to export mobile phones worth around $100 billion from India have been cleared by the empowered group, said people with knowledge of the matter. “The empowered committee has approved all applications estimated to export around $100 … Read more