![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
. | ![]() |
. |
![]() 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
![]() ![]() 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
![]() |
|
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. |