Explore Business Standard
Electronics contract manufacturer Clixroute has partnered with Chinese electronics company TPV Audio and Visual Technology to manufacture AOC projectors and outdoor power supplies in India, a top company official said on Sunday. Clixroute Industries Founder and Director Himanshu Gupta told PTI that the company will start production of AOC Projectors from January 2026 onwards and outdoor power supplies from February. "We have partnered with Audio and Visual Technology to make AOC products. We will start the kit of AOC from November onwards and roll out the first batch of projectors from January. Outdoor power supplies production will start from February onwards, " Gupta said. TPV Technology specialises in manufacturing display panels, monitors, and televisions it is parent firm of Taiwan based AOC International (trading as AOC, formerly Admiral Overseas Corporation). Clixroute plans to invest USD 10 million, about Rs 88 crore, in the production facility at its Noida plant, he ...
The government has disbursed Rs 1,596 crore under Production-Linked Incentive (PLI) schemes for six sectors, including electronics and pharma, during the April-September this fiscal, an official said. The government in 2021 announced PLI schemes for 14 sectors such as telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones, and pharma with an outlay of Rs 1.97 lakh crore. Out of the total Rs 1,596 crore, the maximum amount of Rs 964 crore was disbursed under the PLI scheme for large-scale electronics manufacturing. It was followed by pharma (Rs 604 crore), food products (Rs 11 crore), telecom (Rs 9 crore), bulk drugs (Rs 6 crore) and drones (Rs 2 crore). Incentives disbursed till 2023-24 stood at Rs 9,721 crore, the official said adding the scheme is having a cascading effect on the country's MSME ecosystem. The anchor units that will be built
Hisense group, a China-based multinational appliance and electronics manufacturer, is in talks with Epack Durable to acquire a minority stake in a step-down subsidiary of the Original Equipment Manufacturer (OEM). In a clarification to bourses on Tuesday, Epack Durable Private Limited (EDPL) said it is in discussions with the Chinese manufacturer. "We would like to inform you that business discussions are currently in the preliminary stage," said Epack Durable. The Greater Noida-based company further said it will file the requisite disclosure in compliance with applicable laws when required. According to Epack Durable, it is India's second-largest Original Design Manufacturer (ODM) of room air-conditioners based on the total number of indoor and outdoor units. The company, which was listed on NSE and BSE earlier this year, is expanding its manufacturing facilities including at its recently started Sri City. Established in 2002, Epack Durable manufactures RAC (room air-conditioner