Electronics Policy

Electronics component makers body Elcina has sought a Rs 72,500 crore (USD 8.57 billion) support package to boost local production of raw materials and cut reliance on imports, an industry official said. Electronic Industries Association of India (Elcina), the country's oldest industry body of the Indian electronics sector, estimates that the demand-supply deficit for inputs in the electronics segment will increase to USD 248 billion (about Rs 21 lakh crore) by 2030 to cater to projected USD 500 billion electronics production and it would be met largely by imports. The industry body expects that the government's support for non-semiconductor components can help reduce the deficit in the country by USD 146 billion (Rs 12.36 lakh crore) to USD 102 billion (Rs 8.63 lakh crore). Elcina Secretary General Rajoo Goel told PTI that unlike finished products where the factory output can go up to 16 times the investment, an electronic components factory can at the most generate an output of ..

Electronics manufacturers hope for a production-linked incentive scheme in the upcoming Budget, while the government hopes production can move to Tier II towns to generate jobs

The financial package would include subsidies for capital expenditure and production-linked incentives to encourage job creation and develop an ecosystem for electronic component manufacturing

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

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

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The most dramatic falls in fortunes have come from China's real estate sector, he added, while consumer electronics is clearly rising fast, with Xiaomi founder Lei Jun adding $5 billion to his wealth

E-commerce festive sales in 2024 have shown dynamic growth patterns, building on the momentum from last year, according to an analysis by Redseer Strategy Consultants

Many workers wearing Samsung's blue-colour uniform shirt were seen sitting inside a makeshift tent outside the factory

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 runs multiple incentive schemes and programmes in areas such as semiconductor manufacturing and design, electronics manufacturing, and the India AI Mission, among others

Increasing domestic value addition and balancing jobs by improving organic competitiveness

Pharmaceutical exports are targeted to double to $55 billion by FY30, from $27.84 billion in FY24, focusing on drug formulations and biologicals

GPUs are specialised chips optimised for accelerating artificial intelligence and machine learning tasks through faster processing

A key distinction in the task force's proposal is its focus on benefiting Indian companies exclusively, a departure from the PLI scheme that involves significant participation from global players

Meity has set up working group to frame finer contours of new policy

ICEA said the scheme would increase domestic value addition, especially in mobile phone manufacturing, from the current 18 per cent to 35-40 per cent, to support the growing demand

'The state-level DPI index will help analyse gaps to strengthen the digital economy, support financial inclusion and increase public-private innovation'

Auto, electronics sectors have become gender-agnostic in apprentices' recruitment for the shop floor: TeamLease

The semiconductor market in India is expected to grow to $100 billion by 2030 from the current value of about $40 billion, according to the India Electronics & Semiconductor Association (IESA)