ASICS expands tier 2 and 3 presence amid rising athleisure demand; to increase local production – ET Retail

New Delhi: Japanese sports performance brand ASICS is expanding its footprint with a focus on tier 2 and tier 3 cities, driven by the rising demand for athleisure and stylish activewear, shared Rajat Khurana, Managing Director for ASICS India and South Asia, in an interview with ETRetail. Currently, these regions contribute around 60 per cent…

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Big PLI impact! Local production of electronics parts gets a boost; imports of completely boxed smartphones decline 40% – Times of India

India’s local manufacturing of electronics is expanding every year, with a significant decrease in imports of key components such as mechanics, vibrator motors, charger adapters, and plastic parts. According to commerce ministry data, imports of fully assembled electronics like smartphones dropped by 40% in the period from April to January FY 2023-24.The growth in local…

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