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Weekly Indian News
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Industry Reports
India leads the world in digital payments; Government approves Rs 89,047 crore revival plan for BSNL; Agreement for US-India collaboration in the defense industry; India's forex reserves recover after a two-week decline; SIDBI and NITI Aayog launch the EVOLVE mission; UAE becomes the fourth-largest investor in India; Technical Director for Odisha Semiconductor Project appointed
Apple iPhone exports to India hit a new high; Trade between Taiwan and India to reach $13 billion; Indian delegation in Taiwan to woo Foxconn for EV manufacturing; Targeting a 20–25% of Indian GDP for technology by 2025–2026; Vedanta Group To Leverage Startups' Tech Under Pact With Meity-Nasscom CoE; Indian startups raise $174 million this week
India's GDP increased by 6.1%; WhatsApp bans more than 70 lakh accounts in India; MeitY launches the ERSO pilot project; Samsung may lose PLI benefits; Modi's chip- making plan suffers setback; Tatas commit more than Rs 7,600 crore to the electronics industry; Foxconn to produce iPhones in Bengaluru by April 2024; Manufacturing PMI hits 31-month high; Decrease in foreign investments in India's startup ecosystem
The Indian government has announced PLI 2.0 for IT Hardware, focusing on laptops, tablets, all-in-one PCs, servers, and Ultra Small Form Factor. A total budget of INR 17,000 Crore (approx. NTD 63.3 billion) has been allocated for this PLI. If …