Taiwanese PC manufacturer Asus is planning to increase its investments in India as the country's personal computer (PC) sector has started to show signs of revival.

The lithium-ion (Li-Ion) market of India reached US$ 2.5 billion last year and the market is expected to reach US$ 5.9 billion by 2028, registering a compounded annual growth rate (CAGR) of 14.8% during 2023-28.

The value of the Indian technological consumer goods (TCG) market increased by 8% in the first half (H1) of 2023 compared to the same period the previous year.

Apple intends to sell Made-in-India for the first time on the launch day. It would underscore India’s growing production prowess and reflect a significant departure from Apple’s previous strategy.

40 companies have expressed interest in the new production-linked incentive (PLI) scheme for IT hardware, and it is anticipated that these investments will amount to an additional Rs. 5,010 crore (US$ 605.7 million) in production over the next six years.