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Ever since government hiked the customs duty on imports, more and more international brands have been pushing to set up their production locally. After Xiaomi announced three new manufacturing units in India earlier this week, Apple has apparently begun the test production of iPhone 6s Plus - its highest selling model - in the country.
The central government on Thursday said it has constituted a task force for fast-tracking the roll-out of Unmanned Aerial Vehicle (UAV) technology. According to the Ministry of Civil Aviation, the task force will "develop a road map with implementable recommendations" from the Central as well as state governments, industry and research institutions. "The task force
Xiaomi is said to be in advanced talks to acquire a financial technology startup called ZestMoney. Reportedly, Xiaomi has been in partnership with ZestMoney in the past as well for providing EMI options to buyers on mi.com. Now according to ET, ZestMoney is in talks to raise a total of about $20 million. This funding
Good Monday Evening. Hope you had a great weekend! Big week ahead with Facebook CEO Mark Zuckerberg testifying before the US Congress for the first time tomorrow. He is expected to be grilled on multiple topics including data privacy and the inability of the platform to limit spread of misinformation. Reports indicate Zuckerberg is being
Days after the government imposed 10 percent duty on Printed Circuit Board (PCBs) and other components in India, Xiaomi today unveiled three new smartphone manufacturing plants in the country, along with its first unit for local manufacturing of PCBs. At its first-ever Xiaomi Supplier Investment Summit in India today, the Make in India torchbearer amongst
Chinese smartphone maker Xiaomi on Monday announced the opening of three more smartphone plants in India -- along with the company's first Surface Mount Technology (SMT) plant in Chennai that will manufacture printed circuit board assembly (PCBA) units in the country. Announcing this at the first-ever "Supplier Investment Summit" being held in the Capital, Manu
Eyeing aggressive growth in India, Finnish company HMD Global -- which sells the iconic Nokia brand of phones -- is working hard towards manufacturing its own components in the country, a top company executive has emphasised. The company, which has sold 70 million Nokia devices globally, has grown its business nearly five times in the
Chinese technology firm Xiaomi will be hosting a supplier investment summit in India from April 9-11 to help over 50 of its partners evaluate opportunities for setting up local base in India. According to an invitation sent by the company, Xiaomi's over 50 global component suppliers will visit different states of India. "India is the
The government today imposed a 10 per cent duty on import of key smartphone components like camera module and printed circuit board assembly, with a view to boost domestic manufacturing. Earlier in the Budget 2018-19, the government had hiked customs duty on mobile phones to 20 per cent from 15 per cent. Minister of State
Tech honchos in Silicon Valley are deeply worried at China's rapid progress in harnessing Artificial Intelligence (AI) technology that has shown encouraging results in changing the way we work and live. According to Eric Schmidt, former chairman of Alphabet, the parent company of Google, China will overtake the US in AI by 2025. Measured by
India is now the second largest mobile phone producer in the world after China, as per information shared by Indian Cellular Association with Telecom Minister Manoj Sinha and IT Minister Ravi Shankar Prasad. "We are happy to inform you that with the strenuous and calibrated efforts of government of India, ICA and FTTF, India has
The government wants to extend the 'Make in India' initiative to planes and drones and not just import the entire requirement in the coming years, Aviation Minister Suresh Prabhu said today. India will need more than 1,300 planes in the next few years, he said. "We do not want 1,300 planes to be bought from
As many as 118 mobile phone manufacturing units have been set up in the country in the last three years, Union Electronics and Information Technology Minister Ravi Shankar Prasad said on Monday. According to the Minister, this compares with only two units in 2014. "With these 118 units, India will soon become a manufacturing hub
Xiaomi's success in India since its launch is attributable to the affordable smartphones and online-offline sales model. Despite being a 'Chinese' player, the brand has done well owing to the early tie up with the government's Make in India initiative. The company is now gradually moving into other product categories in the Indian market. After
Telecom sector will need over 47 lakh additional skilled manpower by 2021-22 over and above the present strength of around 40 lakh, as per various industry estimates and assessment, Parliament was informed today. "...an additional skilled manpower requirement to the tune of 47,75,500 from the present strength of 40,04,500 is estimated in telecom sector till
Indian government announced major changes to import duty on consumer electronics during the Union Budget 2018 on February 1. The government increased import duty on smartphones and components from existing 10 percent to 20 percent in an effort to fuel further investment in its Make In India initiative. The announcement seems to be already making
Union Electronics and Information Technology Minister Ravi Shankar Prasad on Monday said his ministry is working in mission mode to make India's digital sector $1 trillion economy in next five years. This has potential to create 60 lakh to 75 lakh new jobs, he told reporters on the sidelines of World Congress on Information Technology
Celkon has launched a new smartphone called Uniq in India at Rs 8,999. The Celkon Uniq is a budget device made locally at company's manufacturing plant in Andhra Pradesh. Celkon Uniq Specifications and features The Celkon Uniq features a 5-inch display with an HD resolution of 1280 x 720 pixels and 2.5D curved glass on
Following on the footsteps of Xiaomi, OnePlus too wants to expand its manufacturing in India. The company is reportedly in talks with domestic manufacturers for sourcing components of its upcoming devices. The move marks an attempt to reduce import costs and duties. OnePlus first announced its local manufacturing plans back in 2015, supporting the government's
In line with its commitment to make in India, Xiaomi will manufacture its two new offerings -- Xiaomi Redmi Note 5 and Note 5 Pro -- at its two manufacturing units in Sri City, Andhra Pradesh, Xiaomi India said on Wednesday. "Like our other products, these devices will be 100 percent manufactured in India. Majority