Amid global production relocation, India remains disadvantageous due to a lack of stable power. To attract global manufacturers, India lowered import duties on EVs.Stable power supply is a key issue for manufacturing relocation to India
As global manufacturers diversify their production bases, Vietnam and India are among the preferred choices. DIGITIMES Research analyst Chou Yen warns that the electricity supply in Vietnam is more stable than in India. In 2020, Vietnam saw an average of 356 minutes without power that year, compared to 6,369 minutes in India. In addition, power outages occurred an average of 3.12 times in 2020 in Vietnam, compared to 157 times in India.
India lowers EV import duty to attract Tesla investments
According to a statement of the Ministry of Commerce and Industry of India, the country will reduce import EV import taxes from 70-100% to 15% if the EV importers meet certain requirements, which include minimum investments of US$500 million or INR41.5 billion. Manufacturers will have three years to establish production facilities, commence commercial operations, and achieve 50% Domestic Value Addition (DVA) within five years at most.
India-based CynLr adds human instincts to robotic arms
Robotic arms have been a part of various industries for quite some time now. However, most of them still cannot work independently, having to be spoon-fed each process separately. CynLr, a startup based in Bangalore, India aims to bridge this gap by developing layers of perception that extend from 'eye' to 'fingers'.
India removes permit requirements for generative AI platforms
India's Ministry of Electronics and IT has issued a fresh advisory on AI, altering compliance regulations for IT firms and platforms. The new directive, which supersedes the previous advisory from March 1, eliminated the permit requirement for untested AI models and stressed the importance of labeling AI-generated content.
Foxconn subsidiary reportedly in talks to set up facility in India
The Economic Times quoted sources saying that Rayprus, a Foxconn Group subsidiary engaged in the R&D, manufacturing, and sales of camera modules, is talking with Foxconn about setting up a manufacturing facility near Foxconn park near the airport in Bengaluru. Sources said the companies did not disclose detailed information like the size of the investment, but the talks progressed smoothly.
