Mumbai, Feb 24 (IANS) Uddhav Thackeray-led Shiv Sena (UBT) group leader Bhaskar Jadhav on Tuesday took the state government to task in the Legislative Assembly over rising unemployment, unfulfilled promises, and an industrial policy limited only to paper agreements. Participating in a debate on the Governor’s address, Jadhav stated that official government data reveals a seven-fold increase in unemployment within the state.While citing government data, Jadhav said the general unemployment …
Latest Foxconn News & Updates
New Delhi, Feb 23 (IANS) Apple’s iPhone became the most valuable export item from India in 2025 with around $23 billion worth of devices shipped from domestic factories in the country, mostly to the United States, according to industry data.This surge in Apple exports was driven by production incentives such as the production-linked incentive (PLI) scheme and diversification from Chinese suppliers, said industry players.Smartphones were India’s top export category for the first time, surpass…
New Delhi, Feb 21 (IANS) Prime Minister Narendra Modi on Saturday said that the establishment of the HCL-Foxconn semiconductor facility in Uttar Pradesh marks a major step towards technological self-reliance and will significantly enhance India’s presence in the global chip ecosystem.The Prime Minister inaugurated the HCL-Foxconn joint venture project, India Chip Private Limited, through video conferencing from the Yamuna Expressway Industrial Development Authority (YEIDA) site in Uttar Prades…
New Delhi, Feb 21 (IANS) Prime Minister Narendra Modi is scheduled to participate in the groundbreaking ceremony of the Rs 3,700 crore HCL-Foxconn joint venture project – India Chip Pvt. Ltd. – in the Yamuna Expressway Industrial Development Authority (YEIDA) area near the Noida International Airport in Jewar, Uttar Pradesh on Saturday via video conferencing.The establishment of the semiconductor facility by Taiwanese electronics manufacturing giant Foxconn and India’s HCL Group marks a signific…
New Delhi, Feb 20 (IANS) Prime Minister Narendra Modi is scheduled to participate in the groundbreaking ceremony of the Rs 3,700 crore HCL-Foxconn joint venture project – India Chip Pvt. Ltd. – in the Yamuna Expressway Industrial Development Authority (YEIDA) area near the Noida International Airport in Jewar, Uttar Pradesh on Februray 21 via video conferencing, according to a PMO statement issued on Friday. The establishment of the semiconductor facility by Taiwanese electronics manufacturing g…
New Delhi, Jan 12 (IANS) For the first time since domestic production began in 2021, US tech giant Apple Inc’s iPhone exports from India crossed Rs 2 lakh crore in 2025, as per industry data.Exports of the tech company in January–December 2025 reached a record $23 billion or Rs 2.03 lakh crore, up nearly 85 per cent over 2024 exports.Around three months remain before Apple’s five‑year PLI window ends. Under the production-linked incentive scheme (PLI), Apple’s focus in India had been e…
New Delhi, Jan 5 (IANS) US tech giant Apple achieved a major milestone under India’s smartphone production‑linked incentive (PLI) scheme, with the company’s iPhone exports crossing $50 billion by December 2025, industry data showed.The figure is expected to rise further, with three months still remaining in Apple’s five‑year PLI window. In the first nine months of FY26, iPhone exports stood at nearly $16 billion, pushing cumulative shipments during the PLI period beyond the $50‑billion…
New Delhi, Jan 2 (IANS) The government on Friday approved 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS), which are likely to receive Rs 41,863 crore worth investments and generate nearly 37,000 direct and indirect jobs — a move which is aimed at strengthening domestic supply chains and reducing import dependence for critical electronic components.The output from the 22 approved projects is projected at Rs 2.58 lakh crore. The approved proposals include applicatio…
Bengaluru, Dec 27 (IANS) Referring to discussions on moving out of Foxconn from Karnataka, the State Bharatiya Janata Party (BJP), on Saturday, charged that the Deputy Chief Minister D.K. Shivakumar is threatening industrialists in the state. Addressing a press conference in Bengaluru, Karnataka BJP President and MLA B.Y. Vijayendra said: “In the last two-and-a-half years, several companies, from Ather Energy to others, had moved out of the state. Toyota had gone to another state, and Foxconn’s …
New Delhi, Dec 27 (IANS) Commerce and Industry Minister Piyush Goyal on Saturday hailed India’s manufacturing leap in 2025, saying that the Prime Minister Narendra Modi’s government will continue to ensure ease of doing business in the nation’s manufacturing journey.Manufacturing today is more integrated, technology-driven, and aligned with global standards.“Scale, sophistication, reliability, local value chain, global trust, and more. This thread takes you through how the Modi government’…