Taiwan-based electronics giant Foxconn (Hon Hai Precision Industry) has made India its fastest-growing global asset hub, with the country’s share in the firm’s non-current assets soaring nearly fourfold in just three years. From a modest 2.6% in 2022, following the introduction of

India’s semiconductor market is poised for significant growth, with projections indicating an increase from $52 billion in 2024 to $103.4 billion by 2030, reflecting a compound annual growth rate (CAGR) of 13%. This expansion is driven by key sectors such as mobile handsets, information technology, telecommunications, consumer electronics, automotive, aerospace, and

The Ministry of Electronics and Information Technology (MeitY) is preparing to seek cabinet approval for a ₹40,000 crore package aimed at bolstering electronic components manufacturing in India. This initiative is part of the government’s vision to position India as a global hub for electronics production. Strengthening Domestic Production The package is expected to