Analysts forecast India to account for 15 percent of Apple's overall revenue in the next five years. Remember, the smartphone market in India is expected to reach 253.28 million units in 2027, expanding at a CAGR of 7.97 percent during the 2022-2027 forecast period. India being a 140 crore population adds more flames to this projection. Additionally, analysts forecast India to account for 15 percent of Apple's overall revenue in the next five years. It's no wonder the country sets high hopes for Karnataka.
On the other hand, these fresh investments continue to + generate employment and development in and around the state capital. As part of its 'Atmanirbhar Bharat' objectives, the Narendra Modi government is determined to establish India as a manufacturing center. Likewise, the state is also setting up lithium-ion battery plants.
Lithium-ion Battery Plant in Karnataka
Karnataka is expected to gain a lithium-ion battery plant on the outskirts of Bengaluru, thanks to a deal between the state government and battery manufacturing giant International Battery Company (IBC). According to reports, the battery producer inked a memorandum of understanding (MoU) with the state to develop a gigafactory with an investment of 8,000 crore. The company is considering establishing a factory in Karnataka to produce equipment, parts, and other goods linked to electrification and decarbonization technology.
The 8,000 crore investment amounts to one billion US dollars is Karnataka's second plant to be built on a 100-acre plot of land in the Information Technology Investment Region (ITIR) at Devanahalli in the Bengaluru Rural district. After the project is completed, the state will have its second Lithium-ion battery manufacturing facility, paving the path for the state to become the country's leader in Li-ion battery manufacturing, according to Large and Medium Industries Minister M B Patil.
Denne historien er fra September 2023-utgaven av CEO Insights.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 2023-utgaven av CEO Insights.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
ANALYSING PROFITABILITY IN THE BUILDING MATERIALS INDUSTRY IN INDIA: KEY INSIGHTS FOR GROWTH
Abinash Mishra possesses over 24 years of rich professional experience in the building materials industry, driving transformative growth and market expansion. His industry insights and commitment to excellence drive customer-focused innovations
SCALING FROM 10 TO 100 PEOPLE
Arvind Pandit, Founder & Managing Partner, Ishwa Consulting brings over 26 years of multi-domain consulting experience in the areas of organization design, leadership development, talent management, strategy, and executive search.
RAJ IYER: NAVIGATING THE COMPLEXITIES OF TECHNOLOGICAL FRONTIERS IN IT CONSULTANCY AND TRANSFORMATION
IT consultancy and services are crucial for organisations to optimise technology use, enhance operational efficiency, and drive digital transformation.
ALIGNING PROFIT WITH SOCIAL IMPACT
Prashant A. Bhonsle Founder Kuhoo Edufintech Prashant has more than two decades of leadership & entrepreneurial experience across Banking & Financial Services, Information Technology, Office Automation, Telecom, FMCG & Pharmaceuticals industries. His professional experience spans across organizations such as InCred, HDFC Credila, and ICICI Bank.
ARUN B ANILKUMAR - A NEW-AGE TECHNOLOGICAL LEADER LEVERAGING INNOVATION & TECHNICAL EXPERTISE TO REINVENT THE FUTURE
A new-age technological leader with a knack for technology, Arun B Anilkumar currently works as the Chief Technology Officer at Harwell-based futuristic solar energy innovation firm Quantarverse, guiding the firm to grow further and become a leading advanced technology firm across the globe.
CEO Insights TOP 10 GLOBAL INDIAN CTOs 2024
In 2024, Chief Technology Officers in India have increasingly played key roles within the global technology landscape of shaping the future of industries globally.
MICROSOFT AI CEO IS 'BUILDING AI COMPANIONS FOR INDIA'
At present, we can imagine a world where customer interactions are swifter, more intelligent, and highly personalized. This improvement is because of the influence of AI Development in India on customer experience (CX).
SHADOW AI: THE IT INDUSTRY'S LATEST CYBERSECURITY CHALLENGE
As the Advisory Business Leader, Saugat leads a diverse group of practitioners globally, providing management consulting and business advisory services. Saugat also serves as an official member of Forbes Technology Council focused on how Artificial Intelligence and Machine Learning can become core tenets of Digital Strategy.
CRACKING UNSOLVED PROBLEMS IN THE WORLD BY NEW BIOLOGY
Insights shared by Dr. Kiran Mazumdar-Shaw, Executive Chairperson, and Founder - Biocon Limited, and Chairperson of Vision Group on Biotechnology- Government of Karnataka during the Bengaluru Tech Summit 2024.
COMVIVA APPOINTS RAJA MANSUKHANI AS CHIEF STRATEGY, TECHNOLOGY, & TRANSFORMATION OFFICER
Comviva, a global leader in digital transformation solutions specializing in customer experience management, data monetization, and mobile financial services, has announced the appointment of Raja Mansukhani as its Chief Strategy, Technology, and Transformation Officer.