Electronics

5% higher than Chinese, but 8-10% lower than Korean competitors

What India needs is to replicate the Apple Inc model and get global giants to build scale in the country by focusing on not only the domestic market but also exports

Chief Investment Officer Niket Shah said he's adding shares of companies that offer lower priced non-essential goods, such as jewelry and apparel, on expectations of increased spending

LG Electronics India has plans to set up a new plant in Andhra Pradesh to boost its manufacturing capacity in the country, though it also fears competition from its South Korean parent entity. Besides, it is increasing the sourcing of raw materials from the local market, which is helping it meet consumer demands and lower its inventory and related costs, allowing the company to competitively price the products, said LG in its DRHP filed with markets regulator Sebi. However, it also added that despite localisation efforts, there is a persisting reliance on foreign components and finished products, especially in the premium segment. "Key imports are primarily sourced from countries such as China, South Korea, and Japan, reflecting a strategic focus on enhancing product quality and technological advancement," it said. Moreover, dependence on its top-five suppliers and top-10 suppliers that contributed 21.45 per cent and 31.44 per cent to its total purchase of raw materials and ...

India's electronics exports, driving over 62% trade surplus, to dominate US talks

The government has removed mandatory registration of certain electronic integrated circuits under the chip import monitoring system. Under the system, importers of these items would have to provide advance information in an online system for import and obtain a registration number by paying a specific amount of registration fee. "The requirement of compulsory registration under chip imports monitoring system has been discontinued with immediate effect," according to a notification of the directorate general of foreign trade (DGFT). The items included electronic integrated circuits, memories and amplifiers.

Awasthi said that CM Adityanath's dream is to make UP the most prosperous state of the country with its GSDP ahead of Maharashtra or any other

India's electronic production has more than doubled in the last six years to $115 billion in 2024

The momentum in electronics exports has been built due to the big push in exports through the smartphone production-linked incentive scheme

The electronics value chain is advancing rapidly, but bridging skill gaps is crucial to unlocking its full potential, a report has stated

Under the deal announced internally last week, Tata will hold 60 per cent and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support

Founded in 2020 by Ms. Sunita Tamboli and managed by Mr. Manoj Modi, CastNX has established itself as a leader in power electronics product development.

Leading appliance maker LG Electronics India reported a 12.35 per cent rise in profit to Rs 1,511.1 crore for FY24, and its revenue from operations grew 7.48 per cent to Rs 21,352 crore, according to financial data accessed by the business intelligence platform Tofler. The company, which is not publicly listed, had posted a profit after tax at Rs 1,344.9 crore and its revenue from operations stood at Rs 19,864.6 crore for the financial year that ended in March, 2023. LG Electronics India's total income for FY24 increased 7.2 per cent to Rs 21,557.1 crore, while its revenue from other income sources registered a 16 per cent decline at Rs 205.1 crore. The pre-tax profit of the company, a wholly-owned subsidiary of South Korea-based LG Electronics, increased by 11.9 per cent to Rs. 2,037.1 crore. The total tax expense of LG Electronics India in FY24 rose by 11.36 per cent to Rs 526 crore as against Rs 472.3 crore a year ago. LG Electronics India's total expenses increased 6.73 per

He shares insights on India's new strategy to establish itself as a major force in the global semiconductor industry

According to Sanjiv, joint secretary, Department for Promotion of Industry and Internal Trade (DPIIT) the latest round will attract investment worth Rs 4121 crore

He will advance Tata Electronics' technology and manufacturing capabilities, says company

Consumer electronics giant Sony India recorded a 21 per cent growth in 2023-24 and expects to continue the momentum going forward led by the trend of premiumisation in the TV and consumer electronics space, Managing Director Sunil Nayyar said on Monday. However, the company expects a moderation in the growth rates in the current fiscal, he said, adding it "may be not to the level which we have registered last year, because of the high base effect". Sony India is quite upbeat after having almost 40 per cent growth in festive sales during Onam in the southern market and expects a similar kind of double-digit growth in the rest part of the country during the festive season starting from Durga Puja. "So we are very hopeful that Diwali should be pretty strong as far as the sales is concerned. Hopefully, we are getting a growth of high double digit this time," Nayyar told PTI. The company, which is a leader in the premium television segment with around 35 per cent overall market share in

About 1,500 workers, mainly in the morning shift, were present at the unit when the fire erupted, according to sources. All employees were evacuated, and no casualties or injuries were reported

Investment in mobile phone manufacturing under the PLI scheme as well as production has surpassed the targets, Electronics and IT Secretary S Krishnan said on Wednesday. Addressing reporters on the completion of 10 years of Make In India initiative, the official said the overall production of electronics in India has increased to Rs 9.52 lakh crore with an annual compounded growth rate of 17.4 per cent from Rs 1.9 lakh crore in 2014-15, he said. "If you look at what the PLI scheme has done in the mobile sector, the overall production we have reached is far in excess of the target. We have reached Rs 6.61 lakh crore is the total value of production, well above the target that has been set. The overall investment has been Rs 9,100 crore, which is again well above the target," Krishnan said. The government had set a target of Rs 7,000 crore cumulative investment during the five-year scheme period and Rs 5,488 crore till 2023-24, according to official data. The mobile PLI scheme set a