Indian Electronics Manufacturing Developments : News, Updates and Discussions

Make in India: Optiemus begins telecom equipment manufacturing with Tejas Networks

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Published 20-08-2024, 06:46 pm
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Sanjay Nayak, 53, CEO & MD, Tejas Networks.

New Delhi, Aug 20 (IANS) Homegrown Optiemus Electronics on Tuesday announced its foray into telecom equipment manufacturing with Tata Group’s Tejas Networks (NS:TEJS) as a manufacturing partner, at a time when the government has doubled down on indigenous designing and manufacturing of telecom equipment.Optiemus is working with Tejas Networks as a manufacturing partner for a wide array of telecom equipment products like 4G base band units /remote radio head/ONT/ONU/broadband switches and routers from its Noida manufacturing facility.

“It is a momentous occasion as we expand our manufacturing capabilities to foray into the growing industry of telecom equipment manufacturing,” said A Gururaj, MD, Optiemus Electronics.

According to the government, India-manufactured telecom equipment are now being exported to over 100 countries. Last year, the country exported telecom equipment and services worth more than $18.2 billion.

Several homegrown telecom companies have made their mark in Western nations, including the US, despite fierce global competition.

In the meantime, Tejas Networks has evolved as a strong trusted partner in the Indian telecom ecosystem over the last decade.

“In our continuous pursuance towards Atmanirbhar Bharat, adding Optiemus, as one of our manufacturing partners, will provide a boost to the domestic manufacturing of telecom products,” said V Sembian, Chief Supply Chain Officer, Tejas Networks.

Optiemus has two manufacturing units in Noida. Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries.

The Centre informed recently that the telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive (PLI) scheme, creating more than 17,800 direct jobs and many more indirect jobs.

The telecom equipment production exceeded the milestone of Rs 50,000 crore with exports at about Rs 10,500 crore, according to the Ministry of Communications.

https://in.investing.com/news/make-...ent-manufacturing-with-tejas-networks-4393273
 
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Apple’s India exports hit record $7 billion in 7 months

Before the PLI scheme was announced in FY19, India exported merely $5.23 million worth of smartphones to the US, making it the 23rd largest export from India to the US.

Written by Rishi Raj
November 14, 2024, 05:30 IST
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In FY24, Apple produced iPhones worth $14 billion in India — the largest by any company. (Image/Reuters)

Breaking all previous records of smartphone exports, Apple’s iPhone exports touched Rs 60,000 crore, or around $7 billion, in the first seven months (April-October) of the current fiscal. This translates into an average of $1-billion exports per month, a feat achieved for the first time by any company, according to industry sources.

The milestone follows the smartphone production-linked incentive (PLI) scheme announced in 2020, after which Apple began shifting its manufacturing to India.

An email sent to Apple’s global spokesperson went unanswered till the time of going to the press.

Apple is not just exporting iPhones 14, 15 and 16 from India, but for the first time, is also exporting Pro and Pro Max models after it started producing iPhones 16 Pro and Pro Max locally in October this year. The dollar value of Pro and Pro Max models is nearly 1.5-2 times higher than other iPhone models.

In its first year in FY22, Apple exported approximately iPhones worth $1.2 billion in the entire fiscal. In FY23, it more than quadrupled the exports to reach the $5-billion mark. In the last fiscal, it doubled iPhone exports from India to reach a $10-billion mark. In the current fiscal, it has reached 70% of last year’s export numbers within the first seven months.

iPhones are exported from India to Europe, West Asia and the US. Smartphone exports to the US, propelled by iPhone exports, have seen an unprecedented growth. Before the PLI scheme was announced in FY19, India exported merely $5.23 million worth of smartphones to the US, making it the 23rd largest export from India to the US. In FY24, smartphone exports to the US saw a meteoric rise to reach $5.56 billion, making them the second-largest exported product to the US after diamonds. A vast majority of these exports were iPhones which were produced in India across three factories operated by Foxconn, Pegatron and Tata Electronics — all three are participants in the government’s most successful of the 14 PLI schemes.

This year, smartphone exports of $2.8 billion during April-August — again aided by iPhones — are now India’s largest exported item to the US, ahead of diamond exports of $2.1 billion for the same period. This represents a 51% growth over the April-August period last year, which saw $1.9-billion smartphone exports from India to the US.

In FY24, Apple produced iPhones worth $14 billion in India — the largest by any company. This constitutes approximately 14% of Apple’s global iPhone production.

According to industry experts, by 2026, Apple is expected to shift 26% of its global iPhone capacity to India.

https://www.financialexpress.com/li...rts-hit-record-7-billion-in-7-months-3664538/
 
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Gautam said:
Apple’s India exports hit record $7 billion in 7 months

Before the PLI scheme was announced in FY19, India exported merely $5.23 million worth of smartphones to the US, making it the 23rd largest export from India to the US.

Written by Rishi Raj
November 14, 2024, 05:30 IST
View attachment 38115
In FY24, Apple produced iPhones worth $14 billion in India — the largest by any company. (Image/Reuters)

Breaking all previous records of smartphone exports, Apple’s iPhone exports touched Rs 60,000 crore, or around $7 billion, in the first seven months (April-October) of the current fiscal. This translates into an average of $1-billion exports per month, a feat achieved for the first time by any company, according to industry sources.

The milestone follows the smartphone production-linked incentive (PLI) scheme announced in 2020, after which Apple began shifting its manufacturing to India.

An email sent to Apple’s global spokesperson went unanswered till the time of going to the press.

Apple is not just exporting iPhones 14, 15 and 16 from India, but for the first time, is also exporting Pro and Pro Max models after it started producing iPhones 16 Pro and Pro Max locally in October this year. The dollar value of Pro and Pro Max models is nearly 1.5-2 times higher than other iPhone models.

In its first year in FY22, Apple exported approximately iPhones worth $1.2 billion in the entire fiscal. In FY23, it more than quadrupled the exports to reach the $5-billion mark. In the last fiscal, it doubled iPhone exports from India to reach a $10-billion mark. In the current fiscal, it has reached 70% of last year’s export numbers within the first seven months.

iPhones are exported from India to Europe, West Asia and the US. Smartphone exports to the US, propelled by iPhone exports, have seen an unprecedented growth. Before the PLI scheme was announced in FY19, India exported merely $5.23 million worth of smartphones to the US, making it the 23rd largest export from India to the US. In FY24, smartphone exports to the US saw a meteoric rise to reach $5.56 billion, making them the second-largest exported product to the US after diamonds. A vast majority of these exports were iPhones which were produced in India across three factories operated by Foxconn, Pegatron and Tata Electronics — all three are participants in the government’s most successful of the 14 PLI schemes.

This year, smartphone exports of $2.8 billion during April-August — again aided by iPhones — are now India’s largest exported item to the US, ahead of diamond exports of $2.1 billion for the same period. This represents a 51% growth over the April-August period last year, which saw $1.9-billion smartphone exports from India to the US.

In FY24, Apple produced iPhones worth $14 billion in India — the largest by any company. This constitutes approximately 14% of Apple’s global iPhone production.

According to industry experts, by 2026, Apple is expected to shift 26% of its global iPhone capacity to India.

https://www.financialexpress.com/li...rts-hit-record-7-billion-in-7-months-3664538/
Click to expand...
Title should be , India's delusion with apple continues. Its high time we started measuring value addition instead of exports, cost of raw material (import) - finished product (exports).. That will provide true picture of whether it is beneficial to us or not.
 

Apple talks to over 40 Indian firms for component supply chain as China allies step back​

November 21, 2024

Apple is actively working to build an ecosystem of Indian suppliers for components used in products like iPhones, MacBooks, iPads, and AirPods.


The US tech giant has engaged more than 40 Indian companies, including large conglomerates, IT firms, and electronics manufacturing service providers (EMS), in the project. It has roped in major tech companies like Dixon Technologies, Amber Electronics, HCLTech, Wipro, and Motherson Group.

Apple Inc. is bullish on Indian partners as the Cupertino-based company’s Chinese component suppliers have been reluctant to invest significantly in India because of the ongoing tax and legal challenges Chinese smartphone companies are facing.

In the aftermath of the Galwan Valley clashes and escalating tension between India and China, along with the stricter FDI policies introduced under Press Note-3, several Chinese companies, including Apple vendors like BYD (for iPad manufacturing), were denied clearance to set up shops in India.

“The activity is on for some time at a larger level. Apple has a big team that has been discussing with Indian companies, including large conglomerates. They have met all large EMS companies in India, including Dixon and Amber. They are also talking to some global players,” a source familiar with Apple’s plans told Moneycontrol on condition of anonymity.

“Apple’s Chinese partners are not keen on coming to India due to existing cases against other Chinese companies in the electronics space. There are visa issues as well,” the source said.

Another source privy to the matter said Apple is working on shortlisting its potential Indian partners. “Apple is evaluating which component can be sourced from which Indian company if it inducts them as partners. Although it will take some time, for instance, Aequs group took almost two years to move to the trial stage to be onboarded as an Apple supplier for MacBook enclosures and mechanical components for the Apple watch,” the second person said.

Apple is engaged with these Indian companies so that they could explore joint venture opportunities with Chinese, South Korean, Taiwanese and Japanese companies to produce key components like displays and camera modules locally.

“Apple is taking proactive steps ahead of the upcoming electronics components incentive scheme to enable Indian companies to onboard technology partners from other countries and swiftly benefit from the initiative,” said a third person aware of the plan.

“It is, however, difficult to shift to non-Chinese suppliers for Apple. Till 2020, everything that Apple was manufacturing was being done in China, including most parts of sourcing of components,” the person said.

The iPhone maker is looking to source crucial components from these companies owing to delayed government approvals for imports from existing China-based suppliers of batteries, camera lenses, chargers, and other components required for its products in India.

Queries sent to Apple, Dixon Technologies, Amber Electronics, HCLTech and Wipro didn't elicit any response.


Looking beyond iPhones

The discussions with the Indian companies reflect Apple's strategy to deepen its local manufacturing capabilities and work towards adding more products, such as AirPods, iPads, and MacBooks, to the made-in-India basket. However, it is starting to work with components of these products, instead of full product manufacturing.

Apple started manufacturing the iPhone 16 Pro and iPhone 16 Pro Max in India this year through its contract manufacturing partners Foxconn and Pegatron. The made-in-India iPhone 16 Pro and Pro Max are available for local customers and for export to select countries. Moneycontrol was the first to report on Apple's plan to expand manufacturing in India by starting production of the iPhone 16 Pro and Pro Max models.

Sources said the company is increasing the production of components for AirPod wireless charging cases through Jabil in Pune. Foxconn will start making AirPods next year at its new unit in Telangana.

Last year, Apple shifted part of its iPad production to Vietnam, but the Indian government is now urging Apple to reconsider assembling iPads in India, as Moneycontrol reported on July 8. The government is also encouraging Apple to manufacture its entire product range locally in the coming years.

Beyond the central government's efforts, states like Telangana, Karnataka and Tamil Nadu are actively racing for a slice of Apple's future investments through existing and new component partners to boost local manufacturing.

India growth story

According to Apple India's regulatory filing, shared by Tofler, its net profit increased 23% to ₹2,745.7 crore in 2023-24, driven by higher iPhone sales. The company's revenue surged 36% year-on-year to ₹67,121.6 crore for the financial year ended March 2024.

The tech giant headquartered in Cupertino, California, has been achieving record quarterly sales in India since the beginning of 2023. With the latest results from the July-September quarter, Apple announced its 10th consecutive three-month period of year-on-year revenue growth.

From January to September, Apple shipped 9 million units, marking a 35% increase compared to last year. In the July to September quarter, Apple achieved record shipments of 4 million units, reflecting a remarkable year-on-year growth of 58.5%. According to IDC data, Apple held an 8.6% market share, positioning it as the sixth-largest player in the overall smartphone market.

The government's production-linked incentive (PLI) scheme has helped Apple significantly ramp up its manufacturing presence in India. Through Foxconn and Tata Electronics, which have taken over operations from Pegatron and Wistron, Apple has achieved a local value addition of 12-14% over the past three years, amounting to approximately $14 billion.

Sources indicate that Apple expects India's share of its production volume to rise to 17-18% and its share of production value to reach 14% by the end of FY25. This would result in a production value of $18 billion and a market value of around $27 billion.

Furthermore, Apple and its partners plan to assemble 32% of the global iPhone production volume and 26% of its production value in India by FY27, potentially generating over $34 billion in production value.
Click to expand...
www.cnbctv18.com

Apple talks to over 40 Indian firms for component supply chain as China allies step back - CNBC TV18

Apple is bullish on Indian partners as its Chinese component suppliers are reluctant to invest in India because of tax and legal challenges Chinese smartphones are facing.
www.cnbctv18.com www.cnbctv18.com

Apple to begin assembling THIS product in India: Here’s what the report suggests​

In Short​

  • Apple is set to start manufacturing its AirPods in India
  • Whether this shift will lead to lower prices for Indians remains uncertain
  • Foxconn Technology Group will be handling the production of AirPods

    Apple is set to start manufacturing its AirPods in India, marking a big step in its efforts to expand production outside China. This move comes as part of Apple’s broader strategy to improve its presence in India’s growing electronics manufacturing sector. However, whether this shift will lead to lower prices for Indian consumers remains uncertain.
    Foxconn Technology Group, a key supplier for Apple, will be handling the production of AirPods at a new facility located near Hyderabad in Telangana. Sources familiar with the matter told Bloomberg that the trial production has already begun, and full-scale manufacturing is expected to start in the first quarter of 2024. So, will AirPods become cheaper?

    Several factors influence product pricing, including local taxes, production costs, demand, and Apple's pricing strategy. While local production could help reduce costs related to import duties and logistics, this may not immediately translate into significantly lower prices for consumers. Apple has a history of maintaining premium pricing, and any potential price reduction might be modest. However, local production could help with faster availability and possibly lower costs in the long term if Apple increases manufacturing capacity and gets more demand for AirPods in India.

    For the first time in several years, Apple reduced the prices of the iPhone 15 series in July 2024, months ahead of the iPhone 16 series launch. Typically, the company announces price cuts only after introducing new models. So, what led to this early reduction?
    Earlier this year, developments such as India’s 2024 Union Budget, created a more favourable environment for electronics manufacturing. Finance Minister Nirmala Sitharaman announced a reduction in basic customs duty on mobile phones and chargers, cutting the total customs duty to 16.5 per cent. This encouraged companies like Apple to increase local production. After these duty cuts, Apple even reduced the prices of the iPhone 15 models in India, offering discounts of up to Rs 6,000 on the iPhone 15 Pro series. Similar reductions could potentially happen with AirPods, but the extent remains uncertain.

    While a big price drop may not occur immediately, manufacturing AirPods locally could have long-term benefits for Indian buyers. As production ramps up and Apple expands its local manufacturing capacity, there may be potential for more competitive pricing and faster availability in the future.
Click to expand...

www.indiatoday.in

Apple to manufacture AirPods in India, but will they make it cheaper?

Apple is set to start manufacturing its AirPods in India, marking a big step in its efforts to expand production outside China. This move comes as part of Apple’s broader strategy to improve its presence in India’s growing electronics manufacturing sector. However, whether this shift will lead...
www.indiatoday.in www.indiatoday.in


EU launches consultation on dispute with India over tariffs on ICT goods​

This step is taken because India has effectively blocked the final and binding resolution of the dispute under the WTO. India appealed the WTO Panel Report – which was favourable to the EU – to the non-functional WTO Appellate Body, otherwise known as ‘appealing into the void’. India did not agree to an ad hoc appeal arbitration or to a mutually agreed solution in this case.

The EU’s Enforcement Regulation enables the EU to enforce international obligations, to which fellow WTO members have agreed, when a trade dispute is blocked despite the EU’s efforts to follow dispute settlement procedures in good faith.

Next steps
Concerned entities have until 10 February 2025 to give information and their views on this consultation.

The European Commission will take the received input into account when considering possible proportionate commercial policy measures in response to India’s WTO-inconsistent duties, should a mutually satisfactory solution between the EU and India not be found.

At the same time, the EU continues to look for a mutually agreed solution to this dispute, including continuing to invite India to join the Multi-Party Interim Appeal Arrangement (MPIA) or agree to an ad hoc appeal arbitration.

Background
India has since 2014 gradually introduced customs duties of up to 20% on products such as mobile phones, mobile phone components and accessories, line telephone handsets, base stations, static converters or electric wires and cables. The EU considered that these duties were in direct breach of WTO rules since India is obliged under its WTO commitments to apply a zero-duty rate to such products.

The EU initiated this WTO dispute settlement case in 2019. The panel issued its final report to all WTO Members on 17 April 2023, confirming that India’s customs duties are in breach of WTO commitments. India appealed the Panel Report on 8 December 2023.
Click to expand...
www.communicationstoday.co.in

EU launches consultation on dispute with India over tariffs on ICT goods | Communications Today

Important referral for telecom, networking, IT solution equipment buyer, and broadcasters since the last 25 years.
www.communicationstoday.co.in www.communicationstoday.co.in

OSAT plant inaugurated in Surat​

Suchi Semicon has launched its first semiconductor plant in Gujarat. The company has begun testing and assembling trials. It plans to invest $10 million over the next 3 years. Ashok Mehta, Chairman of Suchi Group and Founder of Suchi Semicon, stated that the company has applied for incentives under the EPECS (Electronic Components and Semiconductor Manufacturing Promotion) and the India Semiconductor Mission, but it does not want to stop production while waiting for the incentives.

To invest Rs 840 crore in 3 years
Ashok Mehta (Chairman of Suchi Group and Founder of Suchi Semicon) said, “We have a fully prepared business plan, and our plan is not mainly for incentives. We have set up a plant to run a business. The government’s approval will come when we meet their requirements. We have planned to invest $10 million (around ₹840 crore) in the next three years.”

Gujarat Government approves 20% incentive for the plant
He said that the state government has approved a 20% incentive for the plant. Mehta also mentioned that during the semiconductor shortage caused by COVID, Prime Minister Narendra Modi urged turning the crisis into an opportunity. Inspired by this, they decided to enter the semiconductor business. After extensive research with industry experts, they decided to start the factory. Mehta is also the founder of Suchi Industries, a textile company.

Suchi Semicon’s co-founder, Sheetal Mehta, said that the commercial supply of semiconductors will begin in the first quarter of next year. After the testing is completed, commercial shipments will start. For some applications where our components will be used, testing and approval will take about two weeks, while in other cases, it may take 3-4 months. We expect that commercial shipments for most applications will begin in the first quarter. ZeeBiz
Click to expand...
www.communicationstoday.co.in

OSAT plant inaugurated in Surat | Communications Today

Important referral for telecom, networking, IT solution equipment buyer, and broadcasters since the last 25 years.
www.communicationstoday.co.in www.communicationstoday.co.in
 
Last edited:
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Everything I said in 2023 seems to be slowly becoming reality.😂😂
My post about india's industrialisation problems w.r.t. china:
[notice the part highlighted in red]
GASOLINE_ON_FIRE said:
>"window of opportunity"
This window of opportunity will last till the time chinese companies are still behind american ones. BYD, Huawei, etc are their national champions that are competing with the best america has to offer. CPC is pumping enormous amount of money into its R&D, unprecedented in any country seen before in such quick time. They are climbing the value chains astonishingly fast.

Leading countries by gross research and development (R&D) expenditure worldwide in 2022​

View attachment 29366
1$ fetches a lot more value in China than it does in America. So, in some ways their supremacy is already set in stone. No one will want to piss them off due to trade relations.

India-China conflict will definitely happen and the more we delay in accelerating our own industrialisation the more we are axing our own feets.
In this little window we have, we should invite as many companies as we can to invest in india. Cause if its too late, then we would be begging chinese conglomerates mostly and they will always follow CPC diktats rather than profit margins. Indian PM will be touching Chinese president's feet then.

>France is in the EU but we deal with them bilaterally in defence. The EU is a different beast entirely when it comes to trade
Yes, EU is such a beast that pretty much all major EU economies want to defy US in maintaining their China trade links due to trade volumes. If they ignore India-China clashes today, 10 years in the future, they won't even acknowledge India-China boundary issues just to keep china happy.
You asked me to give 1 example of India-France trade dispute, I just presented to you a few months old case. You were so confidently incorrect.

>No one in their right mind would hitch their future to one single power
Everyone is hitching their future to 1 superpower, its either US or China. Everyone's value in this world is decided by the the value and importance of products they produce. China's supremacy is already forcing your old allies like Russia to toe to the Chinese versions of events.

View attachment 29368
No one will be left to help India in our neighborhood when the next war with china happens.

>critical thinking
bruh....all my arguments have plenty of data to back them up. I can atleast respect Randomradio to argue with data, all you have done is just to say 'no' with almost no data.


>You seem like a guy disheartened and butthurt that India isn't where China is today.
Sure bruh, use any word you like. But atleast I can see the difference in bayanbazi & real actions. When my 56inch PM says - "...na koi ghusa hai, na koi ghusa tha...". When my Foreign Minister says ".......S. Jaishankar said that India cannot pick a fight with China because the latter has a bigger economy.......

The Wire: The Wire News India, Latest News,News from India, Politics, External Affairs, Science, Economics, Gender and Culture

The Wire: The Wire News India, Latest News,News from India, Politics, External Affairs, Science, Economics, Gender and Culture
thewire.in thewire.in
I realise there is a lot of rhetoric and misconceptions around the power differentials bw India & China. I mean look at the cope in this forum. China can't do this...China can't do that.....blah blah blah. Its ok to be in delusion but don't get cranky when other don't share that same "ostrich's head in the sand" attitude. Same delusion is with rafale.

>Yes, Indian economy should be doing a lot better and growing at double digits but I don't see how that translates to sucking US pee pee dry
Again with the same delusion. I just think indian nationalists have a lot of hurt ego that US chose Pakistan over India. This insecurity is the reason behind the almost 'conspiracy nut' level of anti-americanism. Engaging with US does not mean sucking their PP. This is the 3rd time I am saying this.
Indian nationalists think in absolutes, there is no in-between.

>We are in a position now to capitalise on corporate supply chain diversification and ensure our masses prosper and build up a robust industrial base
Yeah, I explained this entire thing in my previous posts. You just didn't read any of it. So let me reiterate for one last time.
India has limited political capital. The more we spend it on France the less we would be able to extract from US. There was this news report where US Senators were complaining about how much bi-partisan support existed for India but India goes ahead and buys French Planes. These kind of things do affect the relationship. Buying Rafales again for Navy is axing our own feets. We will get much more industrial support from US. Moving anything in US Congress is a 'give and take' proposition. We are taking but not giving much.

Our silence on this cruel and blatant Russian invasion of Ukraine is further damaging ties. We are delaying our own industrialization with these steps. The fact that India cant openly criticize a smaller economy like Russia tells us what a farce our so called non-aligned policy is.

>The world is not binary.
Ironic, considering that you think increasing engagement with US is equal to sucking their PP.

>US govt. is accomodating as they want a strong ally in the region against China. Fairly recent development in the scheme of things. Not enough trust built up between to two countries to consider them a sole ally
You can keep this charade of trust when 4.4 million+ indians live in US and send back billions in remittances. Pray to god that Donald Trump doesn't come to power as he will tear up all the concessional deals that Biden has signed with India. Trump has a purely transactional mind which is why India bought so much american arms bw 2016-2020. It was to satisfy that egotistical maniac. The widening trade surplus we have with US will be wiped. Go look up the data I provided in my previous post for 2016, you will be surprised by the pattern.

>And our share of global trade is paltry compared to the others. We will first have to build our own supply chain and increase trade with South Asian neighbours, China and SEA nations.
:ROFLMAO:
"Our supply chains". We are so far down the value chain that we are struggling to be part of others' supply chain and my man is talking about our supply chains. Lmao. Every one of our neighbor likes to trade with China rather than us. SEA is far more industrialized than India. ASEAN is deeply connected to China that there is no competition.
".............China-ASEAN bilateral trade even bucked the negative trend caused by the pandemic, jumping from US$641.5 billion in 2019 to US$975.3 billion in 2022................"
www.reuters.com

Top diplomat says China, ASEAN pushing ahead with free trade area talks

China and the Association of Southeast Asian Nations (ASEAN) are pushing ahead with talks on a third version of a free trade agreement at an ASEAN summit in the Indonesian capital of Jakarta, China's top diplomat Wang Yi said on Thursday.
www.reuters.com www.reuters.com
India chose to stay away from RCEP.

India has already missed the bus with SEA. China is making inroads so deep that forget competition, nobody there wants to buy anything substantial from India. ASEAN's largest economy is Indonesia. Chinese investments are so huge there that China will remain Indonesia's largest partner for decades to come.
China uses this relationship to dump its products into India, one of the reason's why India's trade deficit with China keeps on rising.
Click to expand...

I clearly said it in 2023, "Cause if its too late, then we would be begging chinese conglomerates mostly and they will always follow CPC diktats rather than profit margins".
The more we keep delaying India's industrialisation, the more india will have to deal with chinese companies later on in time [as they will absorb more & more of the world's supply chains]. And the more we deal with chinese companies, the bigger will be the obstacles/roadblocks in industrialisation of india itself. Cause we are their biggest continental rival. They will ALWAYS look for ways to keep us down.


Essentially the argument boils down to this:
weak China ∝ easier industrialisation of India
delaying industrialisation in india ∝ stronger china
stronger china ∝ industrialisation of India becomes exponentially difficult
[∝ means proportional]


I think it was a good decision to stop arguing with delusional indian nationalists. Cause they will just argue endlessly the the main point will be lost anyways. As i look back on my posts on India-France thread, I get a sense of satisfaction as substantial amount of predictiions are coming true or are on their way to be true. But that sense of satisfaction sours when i realise it was to the detriment of my own country. None of the points/predictions I made were the that bold anyways, it was simple logical thinking.

China is now trying to impede shifting of supply chains to India. Similarly, Global Times freaked out when there was news of Tesla in talks with indian govt about a manufacturing plant. It was so funny to watch chinese freak out. :ROFLMAO::ROFLMAO:

The main point to learn here is about anchor investments/anchor investors. These are essentially key investments that change the entire landscape of a particular industry as they bring hundreds of other companies with them. Apple is an an achor investor. Tesla is an anchor investor. This is why Global Times freaked out. China had to put in a lot of effort to bring in anchor investors. India is doing it with relative ease[due to geopolitics], this angers chinese as this ruins their hard work.
x.com [username: IndustrlPolicy]
Follow this guy on twitter, posts a lot about industries & supply chains w.r.t India.
 
Apple in talks to Forge a new Bharat bond: iPhone giant looks to get Kalyani Group co on board for making its components

By Kiran Rathee, ET Bureau
Last Updated: Jan 27, 2025, 12:08:00 AM IST
1738434124752.png

Synopsis
Apple is in talks with Bharat Forge to make it a supplier, potentially manufacturing components like mechanics. This follows partnerships with Indian firms like Tata Group and Motherson. As Apple shifts production outside China, Indian suppliers like Foxconn and Tata are increasing local value addition. In 2024, Apple produced $17.5 billion worth of iPhones in India, exporting $12.8 billion.​

Apple has started discussions with Bharat Forge on making the Kalyani Group company one of its vendors in India, said people with knowledge of the matter. If this happens, Bharat Forge will be involved in making components, including mechanics, for the US major, they said.

That would make it the latest Indian entity to forge a partnership with Apple after the Tata Group, Motherson Group and Aequs.

“Apple is looking to work with some of the biggest Indian companies and talks have commenced with Bharat Forge, located in Pune, Maharashtra,” said one of the persons. Apple and Bharat Forge didn’t respond to queries.
1738433827428.png

Over the last two years, the Cupertino-based giant has been expanding the Indian supplier ecosystem with a view to increase value addition locally, as the company shifts more of its manufacturing base outside China.

Apple’s suppliers include three iPhone assembly plants in India, the largest of them run by Foxconn in Tamil Nadu. The other two are Tata Group units — in Tamil Nadu and Karnataka.

Bharat Forge is a leading Indian manufacturing company with nearly 5,000 employees. The firm is involved in the forging, automotives, energy, construction and mining, railway, marine, aerospace and defence industries. It has multiple subsidiaries and is helmed by the 76-year-old Baba Kalyani.

Apple’s suppliers from China, Japan, Taiwan and elsewhere have also set up manufacturing units in the country.

Its vendors in the country include Sunwoda (battery packs), Foxlink (cables) and Aequs (enclosures). Salcomp, one of its earliest component suppliers, continues to expand operations beyond its current portfolio of coils, power packs and magnetics.

Among Apple’s largest suppliers is Amperex Technology Ltd (ATL), which will soon start producing battery cells at a 180-acre plant in Manesar, Haryana.

ET had reported August 6, 2024, on the Motherson Group’s plans to enter the Apple supply chain in partnership with Hong Kong-based BIEL Crystal Manufactory. The government is examining the proposal.

An expert said Apple has been focused on iPhone enclosures and it is expected that local suppliers will be onboarded over the next year, in addition to the Tata unit in Hosur, Tamil Nadu.

Apple has achieved local value addition of up to a fifth for various models on the back of expansion in its supplier base in the country. When the company started manufacturing in India at the start of the production linked incentive (PLI) scheme in 2020, the local value addition for the US giant was 5-8%.

The company produced iPhones worth $17.5 billion in 2024 while achieving a record $12.8 billion exports in the year.

Apple in talks to Forge a new Bharat bond: iPhone giant looks to get Kalyani Group co on board for making its components
 
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Cabinet approves Electronics Component Manufacturing Scheme for making India Atmanirbhar in electronics supply chain​


Scheme to help in developing a robust ecosystem by attracting large investments (global/domestic) in electronics component manufacturing ecosystem

To attract Investment of Rs.59,350 crore resulting in production of Rs. 4,56,500 crore worth of products

Additional direct employment of 91,600 persons to be generated​

Posted On: 28 MAR 2025 4:08PM by PIB Delhi

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the Electronics Component Manufacturing Scheme with a funding of Rs.22,919 crore to make India Atmanirbhar in electronics supply chain.

This scheme aims to develop a robust component ecosystem by attracting large investments (global/domestic) in electronics component manufacturing ecosystem, increasing Domestic Value Addition (DVA) by developing capacity and capabilities, and integrating Indian companies with Global Value Chains (GVCs).
 
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