India-based electronics manufacturers accelerate their move to venture into the emerging OSAT business amid lucrative incentive schemes and a favorable geopolitical environment.
CG Power and Industrial Solutions applied for OSAT incentives in India
According to filings to Indian exchanges on November 22, CG Power and Industrial Solutions applied with the Ministry of Electronics and Information Technology, seeking approval to set up an OSAT facility, with an estimated investment on the project over five years of US$791 million funded by a combination of subsidy, joint venture partner equity contribution, and debt. The company said it is discussing with technology providers and anchor customers.
India collaborates with IPEF members in supply chain resilience
According to a joint statement released by the US Department of Commerce, 14 IPEF members, including Australia, India, Japan, South Korea, Malaysia, and the US, will collaborate in building resilient and competitive supply chains.
Reliance Jio eyes Notebook-as-a-Service to disrupt PC industry in India
The Economic Times quoted an unnamed senior official at Reliance Jio, saying that the company was talking with HP, Acer, Lenovo, and others to provide cloud notebooks without powerful but expensive processors and memories, adding that the service will be based on a monthly subscription model and the software can be installed on desktop PCs and smart TVs.
India notebook imports soar in September as vendors eager to avoid supply disruptions
IDC data shows that 4.5 million PCs were shipped in the third quarter of 2023, up 14% year-on-year, partly due to vendors trying to avoid uncertainties brought by license requirements. Data from the Department of Commerce of India indicates that India saw its September imports of notebooks grow by about 30% because of the license requirements, which were rolled back later.
India data center market to grow 25%, green data centers essential: CapitaLand
In an interview with DIGITIMES Asia, Surajit Chatterjee, managing director for Datacenter (India) at CapitaLand, said they expect the data center market is expected to grow at a CAGR of 20-25% over the next 5-7 years.
OneWeb receives approval to run commercial satellite broadband services in India
Following receiving the license from the Ministry of Telecom of India, One Web India has become the first to gain authorization from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to deploy satellite broadband services in India.
