Tag Archives: india

Foxconn, one of Apple’s key manufacturing partners, has paused new rotations of Chinese workers to its iPhone factories in India, opting instead to send in Taiwanese workers, according to a report from Rest of World. This disruption, coupled with delays in critical shipments of manufacturing equipment, is expected to significantly impact Foxconn’s operations in India and potentially complicate Apple’s plans to diversify its iPhone production away from China.

ndia's defence exports have skyrocketed in the past decade, with the country achieving a record Rs 21,000 crore in exports, marking a ten-fold increase from Rs 2,000 crore in 2013. Defence Minister Rajnath Singh announced the milestone during his address at the Army War College in Mhow Cantonment, Madhya Pradesh, where he outlined the ambitious target of raising annual defence exports to Rs 50,000 crore by 2029.

Lucknow, Dec 25 — On the 100th birth anniversary of former Prime Minister Atal Bihari Vajpayee, Defence Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath unveiled a statue of the late leader at Kudiya Ghat along the banks of the Gomti River in Lucknow. The unveiling ceremony was part of a series of events organized across Uttar Pradesh to commemorate Vajpayee's contributions to the nation. The state government also observed the day as "Good Governance Day."

Tata Consumer Products has strongly refuted a recent report claiming that Starbucks is planning to exit the Indian market due to high costs, losses, and growing competition from local coffee chains. The report, published on December 19 by Rajasthan-based media outlet The Philox, suggested that Starbucks could soon shut down operations in India, citing price-sensitive Indian consumers’ preference for cheaper local substitutes and the coffee chain’s struggle to turn significant profits in the country.

India is set to launch a new scheme offering up to $5 billion in incentives to companies that manufacture key electronic components locally. This initiative, aimed at reducing the country's reliance on China for electronics supplies, comes as India’s electronics production has more than doubled over the past six years, reaching an impressive $115 billion in 2024. The scheme is expected to be unveiled in the next two to three months.

In a significant policy shift, the Indian government has lifted the ban on the export of non-basmati white rice effective immediately, as announced in a recent notification. The ban was originally imposed in July 2023 to ensure domestic rice supply and control prices amid concerns about food security.

In a landmark decision, the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a series of ambitious space missions totaling ₹31,772 crore, marking a significant boost to India's space exploration capabilities. The approval encompasses a comprehensive roadmap for the Indian Space Research Organisation (ISRO) extending up to nearly 2040.

The Sri Lankan government has announced a new visa policy that will grant visa-free access to citizens from 35 countries, including India, beginning October 31. The decision, aimed at boosting tourism, was approved by the Cabinet and marks a significant step in Sri Lanka’s efforts to attract more visitors to the island nation.

India's start-up ecosystem has reached a significant milestone with over 1.4 lakh registered start-ups across the country, as highlighted by Union Minister of State for Commerce and Industry, Jitin Prasada, in the Rajya Sabha on Friday. The Department for Promotion of Industry and Internal Trade (DPIIT) recognized start-ups data shows Maharashtra leading with a total of 25,044 registered start-ups.

Maldives President Mohamed Muizzu has expressed gratitude to India and China for their support in easing the country's debt repayment burden, enabling the Maldives to assert greater economic sovereignty. Addressing the official Independence Day function in the Maldives on Friday, Muizzu praised his administration's foreign policy and highlighted eight months of "diplomatic success."