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Amazon to work with Foxconn in Make-In-India push, start manufacturing Fire TV sticks in Chennai

Updated Feb 17, 2021 | 18:16 IST
Amazon will commence its manufacturing efforts with contract manufacturer Cloud Network Technology, a subsidiary of Foxconn in Chennai and start production later this year.
Last year, the government had announced a Production Linked Incentive (PLI) scheme to step up manufacturing capacity. Already Apple and Samsung are producing smartphones in India through their partners.
New Delhi: E-commerce major Amazon has announced its plans to begin manufacturing its Fire TV stick streaming devices in India later and reiterates the company’s firm’s commitment to the government s Make in India’ push for an Aatmanirbhar Bharat (self-reliant India).
Amazon will commence its manufacturing efforts with contract manufacturer Cloud Network Technology, a subsidiary of Foxconn in Chennai and start production later this year, the company said in a blog post. ....

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Govt approves ₹12,195-crore PLI scheme for telecom equipment manufacturing

Cabinet approves PLI scheme worth ₹12,195 crore
February 17, 2021
Union Minister Ravi Shankar Prasad addresses a press conference after the Union Cabinet met in New Delhi - Kamal Narag
Union Minister Ravi Shankar Prasad addresses a press conference after the Union Cabinet met in New Delhi - Kamal Narag×
Expected to bring ₹3,000 crore investment, generate huge employment
The Cabinet today approved a ₹12,195-crore Production-Linked Incentive (PLI) scheme for telecom equipment manufacturing, to promote Made-in-India gear and networking products.
The financial incentive is also to boost export of telecom and networking products, a government release said.
“The government is positioning India as a global powerhouse for manufacturing, and has created a conducive environment for ease of doing business. It will be implemented from April 1. Majority of the international players are keen to come to India and some of them already have their foot ....

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Manufacturing for the world - A bold Budget adds to the momentum

Manufacturing for the world - A bold Budget adds to the momentum
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Last Updated: Feb 17, 2021, 05:57 PM IST
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Synopsis
While Make in India 1.0 was instrumental in furthering the evolution of manufacturing in India, Make in India 2.0 is expected to increase its momentum.
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Beset by problems of low productivity and the availability of cheaper import substitutes, the manufacturing sector s share in India s GDP has remained range bound for the past 20 years. Though India has moved up in the World Trade Organisation s rankings of leading exporters in world merchandise trade, its share in global exports has been hovering around 1.5 per cent mark since 2010. Despite this apparent stagnancy, the years following the launch of Make in India 1.0 have seen some notable developments. The program, whose core objective has been to bolster manufacturing capabilities by promoting exports, has been a vital reason behind the commendable growth ....

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Cabinet approves over Rs 12,000-crore PLI scheme for telecom sector

Following the launch of a production-linked incentive (PLI) scheme for manufacturing, India on Wednesday launched the scheme for telecommunications (telecom) and networking products, with an outlay of Rs 12,195 crore over five years.
The Cabinet approved PLI for manufacturing telecom equipment, including core transmission equipment, 4G/5G next-generation radio access network and wireless equipment, access and customer premises equipment, Internet of Things-access devices, other wireless equipment, and enterprise equipment like switches, routers, etc.
The scheme will be operational from April 1 this year. The eligibility for the scheme will be subject to achieving a minimum threshold of cumulative investment and incremental sales of manufactured goods, said the Ministry of Communication and Information Technology in a statement. ....

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Amazon sets up first device manufacturing line in India to produce Fire TV Sticks

Amazon sets up first device manufacturing line in India to produce Fire TV Sticks
This is for the first time that Amazon will manufacture its hardware devices in India. The ecommerce giant has reiterated its commitment towards the Indian government s Aatmanirbhar Bharat programme.
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Global online retailer
Amazon will begin manufacturing its hardware devices in India as the company reiterated its commitment to the Indian government’s
“make in India initiative towards an Atmanirbhar Bharat.
Amazon will start manufacturing its Fire TV Stick devices in Chennai through a partnership with contract manufacturer Foxconn later this year.
The company said under the device manufacturing programme, it will be able to ....

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