Electronics Manufacturing

Construction Tata Electronics' first chipmaking unit in Gujarat is already underway with its first phase valued at Rs 91,000 crore

Cost disadvantage for Indian manufacturers competing with other countries falls to 12% from 18% earlier

The Chennai-based company is targeting over a 40 percent rise in its revenue in the next two years

Electronics manufacturing giant Foxconn has infused about Rs 1,200 crore -- approximately USD 144 million -- into its Karnataka-based Foxconn Hon Hai Technology India Mega Development Pvt Ltd, the company said in a recent regulatory filing. The iPhone contract manufacturer's Singapore-based arm Foxconn Singapore Pte has bought over 120.35 crore stocks of Foxconn Hon Hai Technology India Mega Development Pvt Ltd at Rs 10 per share on August 21. The Karnataka government in a statement last week said Foxconn is planning to invest Rs 25,000 crore to establish a massive manufacturing plant near Dodda Ballapur that will create 40,000 jobs. "The unit in Karnataka will soon become the second-largest Foxconn plant after China's unit. It will create 40,000 direct jobs, especially for middle-level educated individuals, and our investment will not stop here; in the future, we plan to explore other sectors also," Foxconn Chairman Young Liu was quoted as saying in the statement. With the fresh .

PM Modi reposted Ashwini Vaishnaw's post on X citing Business Standard's front page story in Monday's edition, which reported that electronics exports were among top 3 categories in India

Only engineering goods and petroleum products rank higher. In the same quarter of 2023-24 (FY24), electronics held the fourth spot

The government has access to import and export data but wants the electronics industry to share production statistics for policy formulation, a Meity official said on Friday. The government has been sharing electronics production data in the country based on estimates of industry bodies, especially the India Electronics and Cellular Association. "We don't have any kinds of production data. That's very important. When we formulate policy, we need to know how much we are producing and what we are producing. So that we actually know the exact figure. We have DGIS, where we can get import data and export data. Industry has to support the government by sharing the data," Meity Scientists G and Group Coordinator Asha Nangia said. She was speaking at an event organised by CII in collaboration with ICEA on Building a Resilient Supply Chain for Electronics and Semiconductor Industry. According to ICEA, mobile phone production has increased around 18.5 times from Rs 18,900 crore in 2014-15 t

Meity in talks with FinMin, NITI to finalise components scheme

Korean consumer electronics major LG will continue to introduce products in the home entertainment segment tailored for India to maintain its leadership position, according to senior company officials. LG Electronics India, which on Wednesday launched 55 AI-enabled television models, expects to grow 25-30 per cent this year in its home entertainment (HE) vertical. India is the most important market globally, a company official said. "There is a growing demand for large screen TVs in India and we are constantly enhancing our portfolio with products like the World's largest 97-inch TV with vibrant picture quality, advanced AI-powered processing technologies...With this new lineup, we aim to further enhance our market leadership in flat panel TV in India," LG Electronics India Managing Director Hong Ju Jeon said. The company plans to enhance its India-specific product lineups. "LG Electronics thinking about the Indian market is not one of the important markets, but it is the most ...

The telecom domain tops hiring demand within the electronics industry, accounting for 64 per cent of hiring, followed by lighting and automotive sectors

India has slowed down on the manufacturing front and needs to double down on electronics manufacturing services (EMS)-designing, manufacturing, testing components and assemblies for original equipment manufacturers, Tata Electronics Chairman Banmali Agrawala said. During a conversation with Vinay Ramesh, COO at the Foundation for Economic Development, Agrawala said India has gone 'slow' on the manufacturing front and needed to ensure that the sector, which accounts for 13-15 per cent of India's GDP, has a much larger share as it will create better-paying jobs. "Our share in the global trade in manufacturing is negligible, so there is ample room for growth. Electronics, on its own, has a global trade worth USD 5 trillion. Given the pace of digitalisation the world over, it is only going to grow, and this is something India should be after," Agrawala said, adding that India's domestic consumption is not going to be enough to be able to achieve sustained economic growth. "We have to ha

Energy management and automation major Schneider Electric said it will invest Rs 3,200 crore by 2026 to make India its manufacturing hub for domestic sales as well as exports. Under the plan, Schneider Electric on Thursday inaugurated a facility with Rs 100 crore investment to produce cooling solutions for data centres in Bengaluru. The company will invest Rs 3,200 crore for making India a manufacturing hub for the group, Schneider Electric India President-Greater India Zone and MD & CEO Deepak Sharma told PTI on the sidelines of plant inauguration. As part of this, the company will set up manufacturing facilities for its various products and solutions across India. He also informed that the company is setting up factories in Maharashtra, Karnataka, Gujarat, Telangana, Tamil Nadu, West Bengal, Uttarakhand and Odisha. Presently, the company has 30 factories across India, including the new cooling solutions factory inaugurated on Thursday. Sharma informed that the company is alread

Mobile phone manufacturing in value terms jumped 21-fold to Rs 4.1 lakh crore in India in the last 10 years as government policy measures like PLI played a critical role in attracting global players to boost local production, industry body ICEA said in a statement. India now produces 97 per cent of its total mobile phone demand locally and 30 per cent of the total production in financial year 2024 is meant for export, the India Cellular and Electronics Association said. "Mobile phone production surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4,10,000 crore in FY'24, registering an increase of 2000 per cent. In 2014-15, mobile phone exports from India were a mere Rs 1,556 crore. The industry expects to end FY24 with an estimated export of Rs 1,20,000 crore. This would mean a 7500 per cent increase in exports over a decade," ICEA said. According to a note on manufacturing, in the field of smartphones, Apple and Samsung, have played a crucial role in boosting mobile phone ...

India needs a multi-pronged approach for the Electronics System Design and Manufacturing (ESDM) sector to leverage the momentum for value chain resilience, as the window of opportunity created by the current geopolitical context is very small, according to a report. "Decisive policy action is the need of the hour," said PwC India's report on 'The India Opportunity: Developing Resilient Electronics Supply Chains'. It noted that India is uniquely placed among global economies, having garnered goodwill as a reliable partner for countries across the world. "The country must now leverage this momentum to ensure that its internal strategy and operations enable it to become future ready. A multi-pronged approach is essential to ensure that the centre of the ESDM sector in India holds firm," the report said. Emphasising that the next decade will be crucial for this, given the window of opportunity for India to be a part of the value chain -- created by the geopolitical context -- is very .

The government has allocated Rs 15,500 crore for various electronics manufacturing programmes, including semiconductor mission and mobile and IT hardware PLI scheme for FY25. It has proposed Rs 4,203 crore incentives for assembly, test, and packaging plants that can benefit projects like the ones set up by Micron in Gujarat, the proposed plant by Foxconn and HCL joint venture, Tata Group etc. The proposed outlay covers projects for setting up compound semiconductor and sensor plants. The scheme for setting up a semiconductor fab or electronic chip plant in India has been allocated Rs 1,500 crore, Mohali-based semiconductor laboratory Rs 900 crore, design linked incentive scheme Rs 200 crore. In total, various schemes under semiconductor projects will get Rs 6,903 crore allocation. Besides this, the government has proposed enhancing allocation for mobile production linked incentive (PLI) scheme to Rs 6,125 crore in 2024-25 from Rs 4,489 crore in 2023-24. Companies like Dixon, Foxc

In talks with industry, Centre, states for 4-pronged strategy

This plan will be an overhauled version of the SPECS scheme and is likely to be launched at the start of the next financial year

The automobile, electronics, and textile sectors in India have witnessed surge in investment and will lead the manufacturing sector's growth in India, according to a report by Colliers

The government's focus is now on boosting electronics component manufacturing in the country and new scheme for the same is in works, a senior government official said on Monday. Speaking at the CII Electronic Summit, S Krishnan, Secretary, Ministry of Electronics and IT (Meity), said that 99 per cent local mobile phone market is being met through domestic manufacturing, and for next phase of growth companies need to export by improving competitiveness and enhancing value addition. "If our competitiveness needs to keep getting better then the challenge really is to not just rely on about 10 to 15 per cent of the value addition to assembly units in the country but to look at what else we can do, how can we move up in the value chain?" Krishnan said. He said no one country is ever going to own the entire value chain and it's only going to be a portion of the value chain that India needs to target. "Probably in India's case, the best case will probably be China which has about 40 to 4

'Have moved up value chain in electronics manufacturing'