HCL–Foxconn Semiconductor Project: CTCI Selected as EPC Partner for Uttar Pradesh Facility
The HCL Group–Foxconn joint venture has appointed Taiwan-based engineering company CTCI Corporation as the Engineering, Procurement, and Construction (EPC) partner for its semiconductor facility in Uttar Pradesh. The project marks a major milestone in India’s semiconductor manufacturing ambitions and strengthens collaboration between Indian and Taiwanese technology ecosystems. The ₹3,706 crore facility will operate as an […]
India–Germany Defence Roadmap: Strategic Push for Co-Development & Military Collaboration
India and Germany have finalized a Defence Industrial Cooperation Roadmap during Defence Minister Rajnath Singh’s official visit to Berlin. The agreement focuses on expanding bilateral defence ties through co-development, co-production, and technology collaboration in advanced military systems. The roadmap identifies priority areas such as advanced radar systems, AI-enabled unmanned aerial systems, sensor technologies, naval capabilities, […]
Tata Electronics Expansion: ₹1,500 Crore Investment to Scale iPhone Manufacturing
The Tata Group has infused an additional ₹1,500 crore into Tata Electronics to expand its iPhone contract manufacturing business in India. This investment is part of a broader strategy to scale up production capacity and strengthen Tata’s position as a key supplier in Apple’s global supply chain. Alongside this, Tata has increased capital in its […]
Apple Supply Chain Shift: India Exports $2.5 Billion Components to China Under ECMS
India has recorded a major milestone as Apple’s suppliers exported $2.5 billion worth of components and sub-assemblies to China in FY2026, driven by the government’s Electronics Component Manufacturing Scheme (ECMS). This marks a significant shift, as India traditionally depended on imports from China for such components. The exports include key components such as PCB assemblies, […]
GE Aerospace–HAL Deal: India Moves Closer to Indigenous Fighter Jet Engine Production
India is nearing a landmark agreement between Hindustan Aeronautics Limited (HAL) and GE Aerospace for the co-production of advanced F414 jet engines in India. The two sides have already finalized key technical agreements, with a final commercial contract expected soon. The engines will power next-generation indigenous fighter programs such as the Tejas Mk-2, Twin-Engine Deck-Based […]
Clean Mobility Surge: EV, Hybrid & CNG Cars Capture ~30% of India’s Auto Market in FY26
India’s transition toward cleaner mobility is accelerating, with electric vehicles (EVs), hybrids, and CNG-powered cars accounting for nearly 30% of total passenger vehicle sales in FY2026. These segments grew at more than twice the pace of the overall auto industry, reflecting a strong shift in consumer preference toward sustainable and cost-efficient mobility solutions. Around 1.34 […]
Semicon Mission 2.0: India to Prioritise Memory Chips & AI-Driven Semiconductor Growth
India’s Semicon Mission 2.0 (ISM 2.0) is set to prioritise memory chip manufacturing, especially High Bandwidth Memory (HBM), as part of its strategy to strengthen its position in the global semiconductor value chain. The move reflects a shift toward high-value, advanced semiconductor technologies critical for next-generation computing. HBM is a key component for AI data […]
AI-Driven Semiconductor Boom: Goldman Sachs Predicts Sharp Revenue Surge by 2026
Artificial intelligence is set to significantly accelerate global semiconductor revenues, with Goldman Sachs projecting a ~49% growth by the end of 2026. The surge is primarily driven by rising demand for AI infrastructure, data centres, and high-performance computing hardware. The report highlights that AI-related hardware revenues could exceed $700 billion by late 2026, reflecting massive […]
Cosmx–Munoth JV: Lithium-Ion Cell Sourcing Partnership to Strengthen India Supply Chain
China’s Cosmx, one of the world’s largest smartphone battery pack suppliers, has entered into a joint venture with Chennai-based Munoth Industries to source lithium-ion cells locally in India. The move is part of Cosmx’s strategy to expand its footprint in India and strengthen supply to global smartphone manufacturers operating in the country. Instead of setting […]
Ghatak Stealth Drone Program: ₹39,000 Crore Indigenous UCAV Project Approved
India has approved a ₹39,000 crore stealth drone program under the Remotely Piloted Strike Aircraft (RPSA) initiative, earlier known as the Ghatak UCAV project. The program will be led by DRDO under a development-cum-production partner (DCPP) model, inviting private sector participation to build advanced unmanned combat aircraft. As part of the initial phase, six prototypes […]