Apple Inc.

Representational Image / Apple

USD 900 Million to be Invested in India by Apple's Top Suppliers

Apple Inc's top three contract manufacturers Foxconn, Wistron, and Pegatron are planning to invest almost USD 900 million in India in the next 5 years. The companies are planning to invest under the government's new USD 6.65 billion production-linked incentive (PLI), aiming to transform India into an export and manufacturing hub. Foxconn, as the biggest investor, will focus on manufacturing iPhones and creating around 10,000 jobs in India.

Tue, 29 Sep 2020 - 04:39 AM / by Nilesh Bansal

Tags
Apple
iphone
India
5 Trillion Economy
Courtesy
The Economic Times

You May Like

Electric Vehicles

UK Seeks Custom Duty Cut On Electric Vehicles Amid Discussion With India

 The UK is pushing for a cut in customs duty on electric vehicles in the ongoing negotiations for signing a free-trade deal with India, a senior official confirmed. At present there is a customs duty of 60 per cent on imported cars priced below $… read-more

TAGS: India-UK Free Trade Deal, PM Modi, PM Rishi Sunak, Electric Vehicles

Elon Musk

X To Be Dating App, Elon Musk Aims To Make Platform All-Feature Platform?

With the aim of making X, formerly known as Twitter, an all-app platform, Tesla CEO and X owner Elon Musk announced that X would soon be announced as a dating platform. Interestingly, the speculations of X being a relationship platform came after… read-more

TAGS: X Platform, Dating App, Elon Musk, Technology, Finance

RBI Governor

Attrition High For Pvt Sector Banks, RBI Monitoring Issue: Governor Das

 

Attrition at some private sector banks is "high" and the RBI is "closely" looking at the issue, Governor Shaktikanta Das said on Tuesday. Speaking at the annual BFSI Insight Summit organized by the Business Standard, Das said this is an… read-more

TAGS: RBI, Attrition

Mark Zuckerberg-Elon Musk

Elon Musk Offers $1 Billion To Zuckerberg, If He Changes Name To

Elon Musk is once again caught attention of netizens for his bizarre suggestions to Mark Zuckerberg, the founder of Facebook. In a tweet, Elon Musk said, he will pay $1 billion to Facebook owner, if he changes the name to Faceboob. The response… read-more

TAGS: Facebook, Mark Zuckerberg, Elon Musk, Name Change, Tesla CEO

Manoranjan Mishra

RBI Appoints Manoranjan Mishra As Executive Director

The Reserve Bank of India (RBI) has appointed Manoranjan Mishra as Executive Director. As the Executive Director (ED), Manoranjan Mishra will look after the Enforcement Department, Risk Monitoring Department, and Department of External… read-more

TAGS: RBI, manoranjan mishra, RBI Executive Director, Economic Graduate, National

Gangster Purchase Benami Asset

Gangster Atiq Ahmed's Benami Property, Purchased In Name Of Mason Attached

Slain gangster-politician Atiq Ahmed's Benami Property, worth Rs 12.5 crore was attached by the Uttar Pradesh Police in Prayagraj's Katahula area on Monday. The confiscated land was spread across 5.0510 hectares, and was purchased and registered… read-more

TAGS: Benami Asset, Land, Farmers, gangster atiq ahmed, Uttar Pradesh