Electronics

The company also aims to transition from a consumer-electronics company to one that offers complete end-to-end solutions, Alaylo said

India has ten semiconductor projects in the works, spanning fabs, outsourced semiconductor assembly and test (OSAT) units and assembly, testing, marking and packaging (ATMP) facilities

Rajaa said the state has attracted Rs 11.4 trillion in MoU-based investments since the DMK took charge, with nearly four-fifths of projects already in implementation stages

The government on Monday approved 17 projects entailing about Rs 7,172 cr investment across six categories under the Electronics Component Manufacturing Scheme (ECMS), underlining India's resolve and its decisive push into producing high-value components. These projects will lead to production worth Rs 65,111 crore cumulatively. "You have shown the way on how India will become major electronics manufacturing hub," Minister for Electronics and IT, Ashwini Vaishnaw said at an event announcing the second tranche of approvals. To achieve long-term success, India will have to focus on building design teams, ensuring six sigma quality standards in all products, and partnering with 'Swadeshi' suppliers in projects. Quality systems will be key part of evaluation process, the minister added. "The way geo-politics and geo-economics is emerging, the challenges will be bigger and in those challenging period your ability to have good supply chain control will define your resilience and ability

Additional electronics consumption worth Rs 20 lakh crore is expected to take place this year due to GST reforms rolled out by the government last month, Union Electronics and IT Minister Ashwini Vaishnaw said on Saturday. The minister said that data from all retail chains shows there were 20-25 per cent more sales in comparison to last Navaratri and there are many such categories, like 85-inch TV where stocks were completely sold out. "The increase in demand for electronics goods is directly impacting electronics manufacturing. Electronics manufacturing is now growing at a double-digit CAGR. It is very likely that the consumption will increase more than 10 per cent this year, which means, there is a high possibility of Rs 20 lakh crore extra consumption compared to last year," Vaishnaw said. He was speaking at a joint press conference with Finance Minister Nirmala Sitharaman and Commerce and Industry Minister Piyush Goyal on savings due to GST reforms which came into effect from .

India's electronics production is worth $135 billion, of which smartphones comprise $64 billion, according to ICEA. Smartphone production has grown 20-fold in the last decade

India must prioritise 2D materials to leapfrog in semiconductors, quantum computing, and energy tech, securing strategic IP, economic growth, and global influence

Despite lower GST rates on most food items and medicines, many consumers report only partial or no price relief, highlighting gaps in implementation and last-mile enforcement, a recent survey said

B2B platform Moglix is securing global suppliers for critical components as it aligns with India's expanding semiconductor and electronics ambitions

Earlier this week, the FCC said it plans to vote this month to tighten restrictions on telecommunications equipment made by Chinese companies deemed national security risks

India and Korea have agreed to explore joint initiatives in electronics and electric vehicle (EV) components, and digital supply chains, the commerce ministry said on Friday. It was discussed between the Minister of State for Commerce and Industry Jitin Prasada and his Korean counterpart Yeo Han-Koo. "In discussions...the focus areas included collaboration in manufacturing, digital technologies and clean technologies. The two sides agreed to explore joint initiatives in electronics, EV components, and trusted digital supply chains," it said. He also held bilateral meetings with ministers from Japan, South Africa, the Netherlands and discussed ways to boost trade and investments. The meeting was held on the sidelines of the G20 Trade and Investment Ministers' Meeting (TIMM) in Gqeberha, South Africa. In the discussions on the WTO (World Trade Organisation), Prasada called for the restoration of a fully functional, two-tier dispute settlement system with an operational appellate ...

India's one Achilles heel in electronics production has been its heavy dependence on smartphones, that too a lot on exports

Samsung India on Thursday said it experienced "strong growth" in the appliances business during the nine-day-long auspicious Navratri period, supported by recent GST reforms by the government and promotional offers. The sales of premium televisions jumped two-fold, as compared to the corresponding festive period last year, according to a statement issued by the country's leading appliances & consumer electronics maker. Additionally, it has also reported growth in its room air conditioner sales. Growth in sales of air conditioners and TVs was aided by the recent GST reforms by the government, which saw a substantial drop in taxation rates, leading to price reductions across consumer goods and appliances, such as TVs (above 32-inch screen size), air conditioners, and dishwashers. "Samsung's appliances business saw strong growth during the first leg of the festive season (September 22 to October 2) on account of attractive deals that included cashback offers, easy finance and ...

LG Electronics India's profit surged 45.8 per cent to Rs 2,203.35 crore in FY25, and its revenue from operations was up 14.1 per cent to Rs 24,366.64 crore, according to the latest RoC filing by the appliances and consumer electronics major. The company, which is in the listing process on exchanges, reported a post-tax profit of Rs 1,511.07 crore and revenue from operations of Rs 21,352 crore for the financial year ended March 31, 2024. LG Electronics India (LGEI)'s total income in FY25, including other income, rose 14.25 per cent to Rs 24,630.63 crore, according to the financial data accessed by the business intelligence platform Tofler. The company's pre-tax profit rose 45.5 per cent in FY25. The South Korea-based parent entity LG Electronics is selling a 15 per cent stake through Offer for Sale (OFS) in LGEI's Initial Public Offering (IPO). LGEI's Advertising promotional expenses increased 7.27 per cent to Rs 1,009.12 crore in FY25, from Rs 940.71 crore in FY24. The total tax

Dixon, Amber, Kaynes, Samvardhana Motherson among key applicants

Record proposals submitted under India's first scheme for non-semiconductor electronic components are likely to double local value addition in the production of finished goods to up to 40 per cent over the next five years, according to industry body Elcina. The electronics component makers' body has urged state governments to enhance ease of doing business to support the Centre's Electronics Component Manufacturing Scheme (ECMS). ECMS has received investment proposals worth Rs 1.15 lakh crore, which is more than double the target of Rs 59,000 crore envisaged under the scheme. "This is a game changer and has the potential to boost value addition of India's electronics manufacturing eco-system from the current 15-20 per cent to 35-40 per cent over the next 5 years and beyond," Elcina Secretary General Rajoo Goel said in a statement. A total of 249 companies have submitted applications, which will be screened by a committee before approval. Union Minister for Electronics and IT Ashwi

The government has received Rs 1.15 trillion worth of investment proposals under the Rs 22,919 crore ECMS from 249 firms, with approvals and production set to begin soon

India's smartphone exports to the US rose nearly 40% to $8.43 billion in the first five months of FY26, benefiting from tariff exemptions and strong demand for Apple iPhones

GST cuts have lowered electronics prices by 7-9 per cent, fuelling festive demand as consumers trade up to premium TVs and appliances and e-commerce giants push discounts

However, sales are yet to see a significant pick-up