Energy News  
INTERNET SPACE
Amazon to make devices in India for the first time
by AFP Staff Writers
Mumbai (AFP) Feb 16, 2021

Amazon will begin making Fire TV sticks in India, the US tech giant said Tuesday, its first device manufacturing line in the country as it fights for a share of its booming e-commerce market.

Amazon is locked in a battle for dominance with Walmart-backed Flipkart and Reliance, owned by India's richest man Mukesh Ambani, as well as thousands of local traders who have accused the US firm of driving them out of business.

Its latest announcement comes as Prime Minister Narendra Modi ramps up his flagship "Make in India" drive, aimed at urging foreign companies to manufacture goods in the South Asian nation and reduce imports.

"We are delighted to announce Amazon's first manufacturing line in India to produce hundreds of thousands of Fire TV Stick devices every year catering to the demands of the Indian customers," Amit Agarwal, head of Amazon India, said in a statement.

"This further reiterates our commitment to the Government of India's 'Make in India' initiative," he added.

The announcement followed last year's pledge by Amazon owner Jeff Bezos to invest $1 billion in the country and create a million new jobs.

The firm will work with a subsidiary of Taiwanese manufacturer Foxconn to begin production of Fire TV sticks at a factory in the southern city of Chennai later this year.

Communications minister Ravi Shankar Prasad welcomed the announcement, saying it would "enhance domestic production capacities, and create jobs as well".

"India is an attractive investment destination and is poised to become a major player in the global supply chain in the electronics and IT products industry," he added.

The nation of 1.3 billion people has seen huge job losses due to the coronavirus pandemic, with a months-long lockdown causing the economy to contract by nearly a quarter between April and June last year.

As infections have slowed however, hopes of an economic recovery have taken hold, with New Delhi forecasting 11 percent growth in the 2021-22 financial year.

amu/leg

AMAZON.COM

HON HAI PRECISION INDUSTRY (FOXCONN)


Related Links
Satellite-based Internet technologies


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


INTERNET SPACE
Tougher EU privacy rules loom for Messenger, Zoom
Brussels (AFP) Feb 10, 2021
Messaging apps such as Messenger or WhatsApp and video calls on Zoom face stricter privacy rules in Europe, after a draft law passed a key EU hurdle on Wednesday. The EU's 27 member states approved a proposal that was stuck since 2017, with countries split between those wanting strict privacy online and others wanting to give leeway to law enforcement and advertisers. Portugal, which currently holds the EU's rotating presidency, submitted a compromise proposal that was approved by qualified majo ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

INTERNET SPACE
Getting to net zero and even negative is surprisingly feasible, and affordable

BlackRock pushes companies to set more ambitious climate targets

Rich nations 'hugely exaggerate' climate finance: study

China to launch carbon emissions trading scheme next month

INTERNET SPACE
New wearable device converts body heat into electricity

New machine learning theory raises questions about nature of science

Living bricks can generate energy in the home and wean humanity off fossil fuels

Ballard signs MOU with Global Energy Ventures for fuel cell-powered ship

INTERNET SPACE
BP enters UK offshore wind sector

Denmark moves forward on North Sea 'energy island'

$43 bn deal for 'world's biggest' offshore wind farm in South Korea

Magnora enters partnership to establish floating wind company

INTERNET SPACE
Bristol-led research will disrupt solar and expedite efforts toward Net-Zero target

Shining a light on the true value of solar power

Efficiency limits of next-generation hybrid photovoltaic-thermal solar technology

A new modifier increases the efficiency of perovskite solar cells

INTERNET SPACE
Framatome and Wroclaw University of Technology train the next generation of nuclear professionals

NERC Compliance Teams stay up-to-date on critical industry news with Certrec GRC Data Platforms

GE Hitachi Nuclear Energy announces formation of Canadian SMR Business

Framatome to provide digital instrumentation and control upgrade at Calvert Cliffs nuclear plant

INTERNET SPACE
New synthetic route for biofuel production

Norwegian fertiliser maker Yara steps into green energy

British Airways eyes greener jet fuel from 2022

Novel photocatalyst effectively turns carbon dioxide into methane fuel with light

INTERNET SPACE
U.S. Army, UAE armored divisions conclude Iron Union 14 exercise

Producing more sustainable hydrogen with composite polymer dots

UK top court allows Nigeria spill claims against Shell

Red Sea coral reefs 'under threat' from Israel-UAE oil deal

INTERNET SPACE
Study: Climate change is making allergy season worse

Climate-driven temperature swings slow economic growth

NASA Announces New Role of Senior Climate Advisor

French state liable for climate inaction, court rules









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.