Manufacturing/Make in India
India to become major production hub for ACC batteries: ICEA
The India Cellular and Electronics Association (ICEA) has welcomed the Rs 18,100 crore (€2.1 Bn) Production Linked Incentive (PLI) scheme that has been approved for Advanced Chemistry Cell (ACC) battery storage in the country. In a statement, ICEA that represents mobile and component manufacturers such as Apple, Motorola, Nokia, Foxconn, Wistron, Flextronics, Lava, Vivo and others, said that it would promote newer and niche cell technologies in the country. PLI scheme would give thrust to 'Make in India' initiative and will attract huge investments of Rs 45,000 crore (€5.2 Bn) plus in the coming years. With this push for ACC batteries, the sector would witness robust growth in the coming years.
Make in India: Chipmakers Said to Get Over $1 Billion in Cash for Setting Up Manufacturing Units
India is offering more than $1 billion (roughly Rs. 7,340 crores) in cash to each semiconductor company that sets up manufacturing units in the country as it seeks to build on its smartphone assembly industry and strengthen its electronics supply chain, two officials said. It is time for chip companies to set up in the country. Governments across the world are subsidising the construction of semiconductor plants as chip shortages hobble the auto and electronics industries and highlight the world's dependence on Taiwan for supplies. India also wants to establish reliable suppliers for its electronics and telecom industry to cut dependence on China following border skirmishes last year.
6 Homegrown Submarines For ? 43,000 Crore in Big 'Make in India' Boost
The government said the approval for the project will help India achieve targets in its 30-year submarine construction programme. A 'Make in India' project worth ? 43,000 crore (€5 bn) to build six conventional submarines has been cleared by the Defence Acquisition Council, headed by Defence Minister. The Defence Acquisition Council (DAC) has approved a request for proposal (RFP) for the project to be run under 'strategic partnership mode' - the first such military hardware acquisition project under this model, according to the government. The government said the approval for the project will help India achieve targets in its 30-year submarine construction programme.