Latest news with #MadeInIndia
Entrepreneur
3 days ago
- Business
- Entrepreneur
India Set to Launch Its First Homegrown Semiconductor Chip This Year: Ashwini Vaishnaw
The minister emphasized the strategic choice to target the 28–90 nm segment—chips commonly used in automotive, telecom, and industrial applications—which represents 60 per cent of the global market volume You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Union Minister for Electronics and IT Ashwini Vaishnaw announced that the country's first indigenous semiconductor chip, built within the 28 to 90 nanometre range, will be launched before the end of the year. The declaration was made during the Confederation of Indian Industry's (CII) Annual Business Summit. "Today, six fabrication units are under construction. The rollout of the first Made in India chip is expected this year," Vaishnaw said. "We initiated this journey in 2022, and the progress has been steady." The minister emphasized the strategic choice to target the 28–90 nm segment—chips commonly used in automotive, telecom, and industrial applications—which represents 60 per cent of the global market volume. "There are many people who criticised us for vying [for] semiconductor manufacturing. We targeted a particular segment, which has 60 per cent of market volume, using a targeted approach," he said. Vaishnaw also pushed for a more balanced economic model that gives equal weight to manufacturing and services. "A lot of big economists want us to focus on services. Manufacturing and services are both equally important for next-level growth," he noted. "We should increase our work wherever we get opportunity. We should have our own IP, product, design and standards." Turning to the transformative impact of Artificial Intelligence, Vaishnaw compared its current momentum to the revolutionary effect of the internet. "What internet did for the world, similar phenomenon would be brought forth from AI. We should be prepared for that change regardless of industry and sector," he said. He underscored the importance of culturally rooted AI systems, adding, "We need to have AI models that are trained on Indian culture, nuances, languages, social norms. One of the first such models is being developed by Sarvam." Beyond technology, Vaishnaw, who also oversees the Railways portfolio, pointed to major achievements in freight logistics. "We have become the second largest cargo-carrying railway in the world. 1,612 million tonnes of cargo [were] carried, overtaking the US and Russia," he revealed. Passenger services are also advancing steadily. "Our passenger carrying capacity has increased substantially. We have reached a level where dreams are being fulfilled and goals are being achieved," he said, calling on more industries to partner with the railways. Highlighting the role of innovation, he concluded, "Our experiment of bringing startups into [the] railway sector was very successful. We are now bringing a new policy where we can test a new innovative idea and then scale it up based on the results."
News18
4 days ago
- Business
- News18
IAF Chief Flags Delays In Defence Procurement Process: 'Contracts Signed Despite Knowing...'
Last Updated: Terming that timeline is a big issue, Singh said while signing the contract itself, the forces sometimes know it is not going to come up on time, but still we sign the contract. Emphasising the need to expedite the defence procurement process, Air Force Chief AP Singh on Thursday urged the industry not to make promises if it cannot deliver on time. Addressing the CII Annual Business Summit 2025, the IAF Chief acknowledged that 'timeline is a big issue." 'So, once a timeline is given, not a single project that I can think of has been completed on time. So this is something we must look at," the Air Force chief said, adding, 'Why should we promise something which cannot be achieved? " He further added that while signing the contract itself, the forces are sometimes sure that it is not going to come up on time, but still we sign the contract. Notably, Singh's comments came nearly three months after he expressed dissatisfaction over the delayed delivery of Tejas Mk1A fighter jets by Hindustan Aeronautics Ltd. IAF Chief Calls For Made In India Equipment The IAF chief further talked about the need to use equipment which are Made In India and said, 'In the next 10 years, the Air Force will require more input from the industry, but we also need to act today and get into quick Make in India programs so that we can achieve the 'Now Ready' part of it, while 'Design in India' continues to progress in the near future." The Air Force Chief added that Operation Sindoor has again given us a clear idea of where we are headed and what we need in the future. Additionally, Singh hailed the 'professional" coordination between security agencies and armed forces during Operation Sindoor and called it a 'national victory." First Published: May 29, 2025, 16:27 IST
Entrepreneur
5 days ago
- Business
- Entrepreneur
India To Remain the 'Apple' Of Apple's Eye: Analysts Explain
Due to lack of supply chain, skilled labor, and high cost of manufacturing in the US, the price of an iPhone would be almost 8 to10 times more, if manufactured in the US compared with India Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Amid geopolitical tensions and ongoing tariff truce, Apple is quietly mapping its global manufacturing outlook. India takes centre stage as an undeterred CEO Tim Cook – despite warnings from President Donald Trump to slap 25 percent import duty in the US on Indian-assembled iPhones – refuses to back down. At least the numbers tell us so. Shipments of iPhones from India to the U.S. rose 76 percent in April 2025, year on year, estimates from Canalys, a technology market analyst firm shows. The surge comes as Apple accelerates its "Made in India" plans. This is not a standalone instance. According to S&P Global Market Intelligence, 81.9 percent of iPhones exported from India between December 2024 and February 2025 were shipped to the U.S. In March 2025, that figure jumped to 97.6 percent following a 219 percent jump in exports – a result of Apple expediting shipments ahead of expected U.S. tariffs. This comes as Apple reroutes its supply chain away from China due to ongoing tariff war. The iPhones imported from China under Trump's current term, still face tariffs of additional 30 percent of duties, while the baseline tariff rate is currently 10 percent for India. As part of diversifying the supply chain away from China, in early May, during Apple's earnings call, CEO Tim Cook confirmed that India will be the country of origin for most iPhones sold in the US in the June quarter. Not only in the quarter, but going forward, Apple looks to deliver most of its iPhone demands from India. The country could produce nearly $40 billion worth of iPhones by value in FY26, with 80 percent of that output intended for export to the US. However, this ambition is in the ire of US President Donald Trump. Speaking at a business event in Doha, Trump mentioned, he told Apple CEO Tim Cook to stop producing iPhones in India. Trump reiterated the same a week back, when he threatened to slap a 25 percent tariff if India assembled iPhones are exported to the US. The President insists on building and manufacturing iPhones in the US. Will Trump's pressure on Apple jeopardize India's ambition? "It took Apple a decade or more to build a manufacturing ecosystem in China and almost six to seven years for India, which is still not as mature as China. To manufacture phones away from Asia– where the bulk of the Apple supply chain resides – and moving to the US is futile," said Neil Shah, industry analyst & co-founder at Counterpoint Research. Apple's biggest supply chain is in China and diversification beyond China is the first goal. The only market which is closest to that is India. India has significantly ramped up its local smartphone production for almost a decade now, making it the top choice for manufacturing outside of China. Both India and China, along with the USA, are the largest smartphone consumption markets globally by shipments. "Even with subsidies from the US government for establishing manufacturing facilities and infrastructure, the initial two to three years of production in the USA will likely incur higher costs. These costs are expected to gradually decrease over time. Until then, a notable price difference will persist for iPhones manufactured in India/China, and the USA," said Upasana Joshi, principal analyst, mobile phone, smart wearable, at IDC India. Sharing a similar opinion, Shah explained, "The tariff threats or higher duties will not make Apple shift manufacturing to the US. Due to lack of supply chain, skilled labor, and high cost of manufacturing, the price would be almost 8 to 10 times more. The logistics will be almost 1.5 times costlier to import components from Asia. This is not practically possible in near to mid-term future, and in future if it does, iPhones will be costlier for American consumers almost similar to the tariff US would put on importing iPhones." Despite India's decade-long efforts to boost manufacturing with a skilled, affordable workforce and government incentives like PLI schemes, the production costs still haven't matched China's. "This is largely because we still rely heavily on importing key components, even though we now meet local demand and export devices. iPhones will continue to be manufactured in India – both for local and global consumption," Joshi added. Today, Apple produces around 16 to 17 percent of their global demand for iPhones in India. Apple registered the highest year-on-year (YoY) growth of 23 percent amongst the top five brands, shipping a first-quarter record of three million units in 1Q25. iPhone 16 was the highest shipped model, accounting for 4 percent of overall India shipments during the quarter, according to an IDC report. Recently, Foxconn stated it will invest $1.49 billion in one of its Indian subsidiaries, Yuzhan Technologies (India) Pvt Ltd. The new facility is expected to be established in Tamil Nadu, where Foxconn already operates a large iPhone production unit. Experts view this as a strategic move to boost iPhone ecosystem in India.
Pink Villa
17-05-2025
- Entertainment
- Pink Villa
South Newsmakers of the Week: Jr NTR to star in Dadasaheb Phalke's biopic, Samantha-Raj Nidimoru to move in together, more
The South cinema industry has been buzzing this week, with several updates making waves. As we close in on the weekend, here are a few highlights that stood out the most among audiences. South Newsmakers of the Week 1. Jr NTR to star in Dadasaheb Phalke's biopic In a recent exclusive report by Pinkvilla, Jr NTR is said to appear in the lead role for a movie as Dadasaheb Phalke. In September 2023, SS Rajamouli unleashed the announcement video of Made In India, now it seems that the screenplay's final draft has been locked. As per a source close to the development, Jr NTR was 'blown away' after the script narration with the film to focus on the birth and rise of Indian Cinema, especially with the detailing. 2. Thug Life trailer Kamal Haasan and Silambarasan TR starrer Thug Life is slated to hit the big screens on June 5, 2025. The Mani Ratnam directorial is a gangster actioner focusing on the tale of rivalry between a father and his adopted son. The upcoming movie marks the actor and director's second collaboration after several years, dating back to their first film in 1987's Nayakan. Apart from Haasan and Simbu, the film is set to have an ensemble cast of actors like Trisha Krishnan, Sanya Malhotra, Pankaj Tripathi, Ashok Selvan, and many more in key roles. 3. Samantha Ruth Prabhu and Raj Nidimoru to move in together Samantha Ruth Prabhu and Raj Nidimoru were exclusively reported to be looking for a place together. As per the source, 'Samantha and Raj are considering moving in together and are scouting for properties. They have the intent to live together and are working in that direction. Raj got officially divorced from Shhyamali De in 2022 and found love in Samantha after they collaborated for Citadel.' Moreover, the source also clarified that reports of him having a daughter are fake, and the pictures of him being spotted along with a small girl were actually of his co-director Krishna DK's daughter.
Time of India
16-05-2025
- Entertainment
- Time of India
Dadasaheb Phalke's grandson Chandrashekhar Pusalkar slams SS Rajamouli's team, praises Aamir Khan and Rajkumar Hirani's respectful biopic approach
and filmmaker recently made a surprise announcement that they are reuniting after over a decade for a biopic on , the revered 'Father of Indian Cinema'. Within minutes, reports emerged that SS Rajamouli was also working on a project on Phalke, with likely to play the lead. Tired of too many ads? go ad free now However, what was meant to be a celebratory moment for Indian cinema has now turned into a conversation about ethics, respect, and representation. Dadasaheb Phalke's grandson, Chandrashekhar Srikrishna Pusalkar , has openly criticized Rajamouli's team for failing to reach out to the family. 'Rajamouli never contacted me for the biopic,' Pusalkar said, adding that no one from the filmmaker's team made any effort to speak with the family. 'If someone is making a film on Phalke ji, then at least the family should be talked to,' he told Amar Ujala. Rajkumar Hirani and Aamir Khan's team earns family's confidence In stark contrast, Pusalkar praised Aamir and Hirani for handling the sensitive subject with diligence and transparency. He revealed that their assistant producer Hindukush Bhardwaj had been in touch with him for three years, regularly visiting and gathering information. According to Pusalkar, this consistent engagement and honest effort helped the team earn his confidence. 'Aamir Khan and Rajkumar Hirani's project was a surprise for me too. But their team worked hard to gain trust. I told them clearly—You guys are working honestly, you go ahead. I have no objection.' Grandson puts faith in Aamir's intent Pusalkar also vouched for Aamir's sincerity and Rajkumar Hirani's storytelling prowess. Tired of too many ads? go ad free now 'If Aamir Khan is doing this role then I am very happy... Whatever work he does, he does it with complete honesty,' he said. 'Along with him, there is also a director like Rajkumar Hirani, who has done excellent work in the past.' He confirmed that the family was consulted at every step, from research to site visits, and called the collaboration 'a good thing', as it kept the family involved in the project's shaping. Aamir Khan's New Role in Sitaare Zameen Par Shoot begins in October 2025 The Aamir-Hirani film is set to go on floors in October 2025. The actor will begin prep once Sitaare Zameen Par releases. Backed by extensive research and development, the script has been co-written by Rajkumar Hirani, Abhijat Joshi, Hindukush Bharadwaj, and Avishkar Bharadwaj over four years. The team has even brought in a VFX studio from Los Angeles to design AI-powered visual recreations of the era Phalke lived in. Rajamouli's Made In India promises a tribute but skips consultation In contrast, SS Rajamouli's biopic, tentatively titled Made In India, is being touted as a tribute to the origins of Indian cinema. It is reportedly not a straightforward biopic but a cinematic journey that highlights the evolution of Indian film through Dadasaheb Phalke's contributions. The film was announced in 2023. Jr NTR is expected to sign the project after hearing the narration.
