With Apple’s recent decision to produce iPhones in India, and with its rumoured plans in Vietnam seeing no news/mention at all, Vietnam may have to reconsider its business environment and incentives for investors in electronics manufacturing if it wants to compete with India. Apple’s strategic move is considered a big success of the government’s “Make in India” policy. Specifically, Apple is going to start assembling iPhones in India by the end of April. The company is going to cooperate with Wistron from Taiwan, instead of Foxconn. At the moment, Wistron already has a plant in Bangalore, the “capitol” of technology in the Karnataka state of India. Apple chose India in spite of new president Donald Trump’s threat against companies that bring jobs outside of the US. Last year, 2.5 million iPhones were sold in India, the highest ever in this country. The Indian market is expected to buy 750 million smartphones in 2020, and is one of the … [Read more...] about Vietnam should reconsider FDI attraction policy after ‘Made in India’ success?
About make in india
MUMBAI -- A week-long "Make in India" fair closed on Thursday with $222 billion in investment pledges, but thin attendance by foreign firms at the event launched by Prime Minister Narendra Modi means many are unlikely to actually happen. The Mumbai jamboree was the biggest in India, but earlier events such as the "Vibrant Gujarat" launched by Modi when he led the state have only seen 13 percent of deals implemented, according to independent research. Amitabh Kant, Secretary of India's Department of Industrial Policy and Promotion (DIPP), told reporters investment commitments had reached 15.2 trillion rupees ($222 billion). The commitments fell some way short of the 25 trillion rupees announced at the three-day Vibrant Gujarat event a year ago. Kant said he expected 80-85 percent of the pledges to convert into serious business, much of it from foreign investors. It can take 18 months to three years for a memorandum of understanding to yield a final investment, he added. … [Read more...] about Modi’s ‘Make In India’ racks up $222 bln in investment pledges
The Indian health authorities has announced that a swine flu outbreak has killed about 1,500 people since December, 2014. A new study, conducted by two researchers from the Massachusetts Institute of Technology (MIT) and reported in the Science Daily, suggests that the strain has acquired mutations that make it more dangerous than previous strains of H1N1 influenza. These results are supported by figures released by the Union Health Ministry, revealing as many as about 1,500 people have perished with the numbers of infected at around 27,000. The deadly virus has also already infected more than 25,000 people across the South Asian nation. Symptoms include high fever, extreme breathlessness, lethargy, pain in the chest, loss of appetite and nausea or vomiting. Three pharma companies in India, Hetero, Natco and Strides Acrolab, are manufacturing oseltamivir, the drug used to treat swine flu. All health personnel treating people infected with swine flu are vaccinated against it … [Read more...] about Swine flu outbreak kills about 1,500 in India
US Secretary of State John Kerry flew into India on Wednesday for ice-breaking talks with new Prime Minister Narendra Modi, forecasting a transformation in Washington's troubled relations with New Delhi. Kerry, who landed in Delhi on an overnight flight from Washington, is the highest-ranking member of the Obama administration to visit India since the Hindu nationalist Modi won a landslide election in May. The top diplomat's trip is intended to pave the way for a visit by Modi to the US later this year, nearly a decade after he was denied a visa over deadly anti-Muslim riots in the state where he was chief minister. For the past two decades, the world's two largest democracies have described themselves as natural allies, sharing similar concerns over China's rise and Islamic extremism. But incidents including the US arrest of an Indian diplomat last year sent ties plunging to their lowest point in years, and analysts say Modi's previous treatment as a pariah still rankles. And a new … [Read more...] about Kerry arrives in India to reboot ties with Modi
Bride Amrita Mannil, centre, enters the wedding hall with her mother Sheela Ramesh, first left, and her father Ramesh Babu during during her wedding ceremony in Kochi, Kerala. Photographer: Mahesh Shantaram As the sound of traditional drums, trumpets and cymbals ushers Amrita Mannil into the wedding hall, she's adorned by four finely crafted necklaces, rings, 16 bangles, a glistening belt, dangling chandelier earrings and a stone-encrusted head piece to match the silk borders of her dress. She's wearing about 800 grams (1.8 pounds) of gold. Amid the music and the chanted prayers, a gold chain is placed around her neck as the 25-year-old advertising executive marries Vimal Mohan in a traditional Hindu ceremony attended by 500 friends and relatives in Kozhikode, about 180 kilometers (112 miles) from the city of Kochi in Kerala. "Gold is an asset the girl carries," 28-year-old Namitha Shyam, the bride's older sister, said after last month's ceremony. "The values, status and wealth … [Read more...] about Gold-laden brides in India defying Singh as culture wins