Page 2 - Electronics Manufacturing

NITI plans to boost India's electronics, auto global value chain share

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

Centre to launch Rs 10,000 cr sop scheme to boost chip ancillaries

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

Manufacturing sector expected to reach $1 trn by 2025-26 led by Gujarat

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

Govt focus on boosting electronics production; new scheme in works: MeitY

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

99% of mobiles used in India are made in India, says Ashwini Vaishnaw

'Have moved up value chain in electronics manufacturing'

NeST Group's SFO Technologies expected to go public in next 2 yrs: Official

Kochi-based SFO Technologies, the flagship company of the NeST Group, is all set to go public in the next two years' time, the company said on Friday. SFO Technologies, which is one among the largest exporters of electronics hardware in the country, is planning to take the IPO route for major expansion projects, it said. Chairman and Managing Director of NeST N Jehangir said the group has busted the myth that Kerala is not industry friendly. "NeST group, over years, has broken the myth that the state is not industry friendly," he said, adding that in the past 30 years they have not faced any labour issues. In a release issued by the NeST, Jehangir said they employ 35-40 per cent women staff in their plants and development centres in Kerala to encourage women empowerment and gender equality. "Women excel in every facet of operations and management, including mission critical assignments. With over 60-plus Original Equipment Manufacturers (OEM) customers and exporting to 56 countrie

Corning-Optiemus JV to roll out 1st Made in India smartphone glass by 2024

Initially, the smartphone cover glasses will be given premium finishing in the new facility to be built as part of the 70:30 joint venture between Optiemus and Corning

Daewoo enters Indian consumer electronics market via Kelwon Electronics

South Korean brand Daewoo has entered into fast-growing Indian consumer electronics and appliances market through its licensee partner Kelwon Electronics & Appliances, which has plans to invest around Rs 300 crore in the next three years. Kelwon, which sells products, including Lithium Hybrid Inverters and LED TVs, will introduce products in sectors such as energy and power, and consumer electronics, under brand Daewoo - now owned by South Korean conglomerate POSCO DAEWOO. As per its marketing strategy, Kelwon would adopt a twin brand strategy, where it will place the products under Daewoo in the premium and mid-premium segment, while mass to mid-premium would be catered through its own brand, its Managing Director H S Bhatia said. Kelwon will initially get the Daewoo products manufactured locally here through OEM (Original Equipment Manufacturer), under the R&D and technical support from the South Korean brand. However, when the volume picks up substantially in the coming ...

HP to make Chromebook laptops in India in win for PM Modi's tech push

India has been expanding its electronics manufacturing sector as companies diversify production beyond China amid growing Washington-Beijing tensions

Domestic electronic manufacturing up Rs 8 trn, semicon import at Rs 1 trn

Indigenous production of electronic goods in the country more than doubled to Rs 8.25 lakh crore in 2022-23 from Rs 3.88 lakh crore in 2017-18, Parliament was informed on Wednesday. Minister of State for Electronics and IT Rajeev Chandrasekhar in a written reply to the Lok Sabha said that semiconductors worth Rs 1,29,703 crore were imported in 2022-23. "As a result of several initiatives taken by the Government and efforts of the industry, the domestic production of electronic goods has increased substantially from Rs 3.88 lakh crore (USD 60 Billion) in 2017-18 to Rs 8.25 lakh crore in 2022-23 (USD 101.9 billion) at a Compound Annual Growth Rate (CAGR) of 16.28 per cent," the minister said. The government is focused on its objective of catalysing the overall semiconductor ecosystem to further expand India's already rapidly expanding electronics manufacturing and innovation ecosystem, he added. The minister said that semiconductors form a major part of all electronic products theref

TMS Ep473: Google vs CCI, wearables export, FII buying, Chandrayaan-3

Why is Google attacking CCI? Can India become a wearables powerhouse? Will the FII buying spree continue? What is Chandrayaan-3 mission? All answers here

India set to achieve $300 bn electronics manufacturing target: MoS IT

The govt is right on the path to achieve the $300 bn electronics manufacturing target which will be a massive 20-25 times growth in almost a decade, Union Minister of State for Electronics and IT said

Backed by mobile devices, electronics up 2 notches to 4th place in exports

In this period, electronics exports touched $4.54 billion, an increase of 48 per cent from the previous year in the same period when it was $3.06 billion

Govt to start project to become electronics repair hub, relax trade rules

Following a push by an industry group for IT and electronics manufacturers, MAIT, the Indian government will test changes to lower the time required for necessary approvals for imports and exports

From mobile phones to chips, India manufacturing enters golden era

According to data by the India Cellular and Electronics Association (ICEA), mobile phone exports made history by crossing the $10 billion threshold for the first time in any fiscal year

Top headlines: PLI incentives to 8 sectors, tweak in SEZ rules, and more

Business Standard brings you top news at this hour

PLI for electronics to achieve Rs 8.12-trn production target in 5 yrs: Govt

The cumulative investments under the scheme have increased to Rs 5,124 crore as of December 2022 from the earlier FY2022-23 target of Rs 3,726 crore

Electronics manufacturing, auto get best of Budget spending on PLI scheme

The bulk of the money in FY23-24 PLI schemes--of Rs 4,499 crore-- is for large-scale electronics manufacturing

Indian electronics manufacturing to cross Rs 1.28 trn next fiscal: MoS IT

Electronics manufacturing in the country is expected to cross Rs 1.28 lakh crore in the next financial year, Minister of State for Electronics and IT Rajeev Chandrasekhar has said. The minister, in an interview with PTI, said the government is now going to broaden and widen the electronics manufacturing ecosystem with a new production-linked incentive scheme for hearable-wearable, IT hardware and component makers. "Electronics manufacturing as a whole, we see next year that we will at least do Rs 1.28 lakh crore. I have already said that we will see mobile phone production reaching Rs 1 lakh crore in 2023-24," Chandrasekhar said. There has been a focus on mobile phones because it is the fastest-growing segment in electronics across the world, he added. "Value addition in manufacturing is a function of scale. First, you need to hit the scale. The component industry is the one which does value addition. Components will not come if the scale of manufacturing is not there. The next sta

Lenovo refreshes Yoga 9i laptop with 13th Gen Intel Core processors

The 13th Gen Intel Core processors-powered Lenovo Yoga 9i laptop will be available for purchase from January 29 on Amazon India, Lenovo, Croma, and Reliance online stores