Prepared BY

sandhya dubey

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India to invest $30 billion in IT industries & chip supply chain

India has planned to invest $30 billion in tech startups & semiconductor supply chain.

This is to serve its own demand for semiconductor chips & to lessen its ‘kept hostage’ feature by foreign suppliers only.

Source: The Economic Times

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Date: 16/06/2022

Foxconn’s EV manufacturing to expand in South-East Asia

Foxtron is a Taiwanese electronics giant Foxconn’s Electric Vehicles venture. It is now planning to expand its EVs manufacturing units beyond China, to South-East Asia including the Tamil Nadu of India.

With potential market and volumes of government policies in EVs supply chain manufacturing, India has called for other Taiwanese EV firms.

Source: The Economic Times

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Date: 22/06/2022

India’s strategic deal on EVs with Foxconn’s chairman

PM Narendra Modi met Young Liu, Foxconn’s chairman on Thursday, June 23. He upheld Foxconn’s proposal to expand his EVs (Electric Vehicles) & other electronic manufacturing hubs incorporating semiconductor chips also.

This drive will push our EV manufacturing market & commitment to zero emissions (as per PM’s Twitter handle).

Source: Business Standard

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Date: 23/06/2022

SEZ 2.0: to track & update ‘economic zones’

The Indian Commerce & Industry ministry has decided to update Special Economic Zones.

This is to track & monitor the procurement of goods & building of industrial units in the development areas.

Source: Business Standard

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Date: 29/06/2022

RBI launching next round of manufacturing survey