New Delhi, July 15 (IANS) India’s electronics manufacturing output rose nearly sixfold from Rs 1.9 lakh crore in FY15 to Rs 11.3 lakh crore in FY25, while exports climbed eightfold to about Rs 3.3 lakh crore, driven by government initiatives such as the PLI Scheme and the Make in India programme, a report said on Wednesday.The report from Infomerics Valuation and Ratings Limited said that despite the huge surge in output value capture remains limited because components and sub‑assemblies are…
Latest China+1 strategy News & Updates
New Delhi, July 7 (IANS) India is rapidly strengthening its position as one of the world’s leading manufacturing destinations and is emerging as a major beneficiary of the ongoing realignment of global supply chains, according to a report released by industry body ASSOCHAM on Tuesday.The report said the post-COVID global manufacturing landscape has undergone a significant transformation, with companies increasingly diversifying production beyond China by adopting China+1, nearshoring and friends…