The government has approved 22 additional applications under the Electronics Component Manufacturing Scheme, taking total approvals to 46 companies with cumulative investment of Rs 54,567 crore
Tamil Nadu accounts for 65 per cent of investment approved in the latest ECMS tranche, driven by projects from Foxconn, Tata Electronics and Motherson, Industries Minister TRB Rajaa said
Elecbits has raised $5.5 million in a Series A round led by Nexus Venture Partners, with SE Ventures and Riverwalk Holdings, to scale its AI-powered Elecbits XOR platform
With 17 fresh projects under the Electronics Component Manufacturing Scheme, India expands capacity across camera modules, multilayer PCBs and optical transceivers
State secures five of seven projects cleared under the Centre's Electronics Component Manufacturing Scheme and aims for 30 per cent of total investments
LG Electronics India is set to debut on the bourses today, with the grey market premium (GMP) indicating a listing price of around ₹1,570, translating to a 37.7 per cent gain over the issue price.
Amber and Syrma are primarily targeting printed circuit board (PCB) manufacturing, while Dixon is focused on backward integration in mobile value chains, specifically camera and display modules.
Meity mulls using micro-OLED tech for 1st display fab plant
The policy targets $50 billion worth of electronics production in the next five years, along with a million job opportunities
PG Electroplast's subsidiary, Next Generation Manufacturers, entered into a Memorandum of Understanding (MoU) with the Government of Maharashtra
The Dixon Technologies-HKC Overseas joint venture (JV) is for manufacturing and selling of LCD and TFT-LCD modules that are used in electronic devices like TV, mobile phones, etc, for display
The Indian market today is estimated to be around $6 billion, which is expected to cross $10 billion by early next decade, says Gujral
The PLI for smartphones was extremely sophisticated in design, a win-win for all parties
The scheme, which will run for six years starting from this financial year, started accepting applications for three months starting May 1
India's electronics manufacturing sector, which has been struggling with China's restrictions on rare earth magnet exports, faces a double whammy with import curbs on gold compound -- a key raw material. Rare earth magnets have diverse utility ranging from computer chips and electronic components to electric vehicles, wind turbines, and medical equipment. Gold compounds are also widely used in critical electronic components to improve flow of electric current in motherboards, semiconductors etc. The Directorate General of Foreign Trade (DGFT) in an order dated June 17 reclassified imports of colloidal precious metals and compounds from "free" to "restricted" category. The development followed restrictions from China on export of rare earth magnets and specialized capital goods. India Cellular and Electronics Association (ICEA) in a letter to the Ministry of Electronics and IT said that the import restriction has brought in uncertainty in the efforts of industry to scale up domesti
As companies boost spending, some investors are questioning whether market demand is keeping pace with the flood of investments
Dixon's revenue growth was led by mobiles & EMS (194 per cent), offset by 23 per cent fall in consumer electronics. Home appliances and lighting were flat
The cluster will be developed by YEIDA over 200 acres and aims to attract ₹2,500 crore in investments while generating 15,000 jobs with plug-and-play infra for MSMEs and startups
Reduces min land required to set up such firms from 50 hectares to 10 hectares
The government is watching the developments closely, but is not too worried that a tariff truce between the US and China could hurt the chances of India's electronics products on the global stage