As Apple suppliers expand investments in India, Wistron is reportedly winding down its operations there. Micron is also reportedly applying for India’s semiconductor fab incentive scheme.
Wistron reportedly to reduce operations in India
Hindu Businessline quoted sources saying that Taiwan-based Wistron will reduce its business activities and withdraw from India, leaving only services business for the repair and maintenance of Apple products in the South Asian country.
Micron reportedly to set up ATMP fab in India
Business Standard, citing a top Indian government official, reported that India is close to approving Micron’s proposal to set up an ATMP facility with an investment of about US$1 billion. However, Micron did not reply to Business Standard’s request for comment.
MG Motor unveiled cheapest EV in India
MG Motor introduced Comet EV with ex-showroom prices starting at INR798,000 (US9,700). Comet EV offers a range of 230 kilometers on a single charge and will be manufactured at MG Motor’s plant in Halol, Gujarat, The Economic Times reports.
Tamil Nadu pauses bill that would have extended working hours for factory workers
According to Reuters, the Indian state of Tamil Nadu decided to put on hold a bill that would allow a 12-hour work shift at factories due to opposition from labor unions as global manufacturers are investing in India to build the South Asian country as the next world factory.
India to raise the requirement for imported solar modules
Krishi Jagran reported that Raj Kumar Singh, union minister for New and Renewable Energy of India, said that the Indian government expected to announce updated requirements for imported solar modules to stop outdated technologies from entering India, aiming to reduce the influx of cheap and low-quality Chinese imports into the market.
Keyword: India roundup: Taiwan-based Wistron reportedly to withdraw from India