Electronics

TN gets major PLI projects in electronics, automobile, says Sitharaman

Tamil Nadu has emerged as a key beneficiary under the Production-Linked Incentive (PLI) scheme, receiving a significant share of projects in the electronics and automobile sectors, Union Finance Minister Nirmala Sitharaman said. Addressing an event organised by Chennai Citizens' forum on Saturday evening, Sitharaman dismissed charges of the state government that the Centre has neglected Tamil Nadu in terms of funding. She said major 'big ticket' projects have been announced and are progressing at various stages of implementation across the State. "Tamil Nadu has been the largest beneficiary under the PLI- scheme in electronics, electronic parts and automobiles. Out of the 27 companies that have received approval from the Centre, 7 are based out of Tamil Nadu," the Union Minister of Finance and Corporate Affairs noted. Sitharaman highlighted that 25 per cent of the companies availing benefits from the PLI scheme are from the state, she said drawing applause from the audience at the

Hyperloop electronics tech to be built at ICF Chennai, announces Vaishnaw

Union Minister Ashwini Vaishnaw on Saturday announced that an electronics component technology for the ambitious Hyperloop project, developed by IIT-Madras, will be built at the Integral Coach Factory (ICF) in Chennai. After his visit to the Hyperloop testing facility at IIT Madras' Thaiyur campus, Vaishnaw, who holds the portfolios for Information and Broadcasting, Electronics and Information Technology, said the 410-meter-long Hyperloop test tube is the longest of its kind in Asia. The entire Hyperloop testing system has been developed using indigenous technologies, with encouraging results from the tests conducted so far. India is on the brink of introducing Hyperloop transportation, he added. Tutr Hyperloop, a deep-tech startup incubated at IIT Madras, is preparing to launch the world's first commercial Hyperloop project in India, aligned with the Centre's Atmanirbhar Bharat and Viksit Bharat 2047 goals. Vaishnaw congratulated the project team and said the Ministry of Railways

Electronics giant Foxconn forecasts strong Q1 revenue after profit miss

Foxconn, which also makes iPhones for Apple, booked an October-December net profit of T$46.33 billion ($1.41 billion), missing the T$54.4 billion average of 15 analyst estimates compiled by LSEG

BTA discussions: India eyes a bigger share of the US electronics market

In 2023, the share of US electronics imports from India was a mere 1.9 per cent of the $520 billion they imported. The total Indian electronics exports to the US was pegged at only $10 billion

Set up digital verification system before issuing QCOs to curb fraud: GTRI

The government should set up a centralized digital verification system before issuing new Quality Control Orders (QCOs) with an aim to prevent fraud and ensure the integrity of certification processes, think tank GTRI said on Monday. QCO's are issued to contain imports of low-quality products and protect consumers. The Global Trade Research Initiative (GTRI) claimed that India is facing a growing problem of sub-standard imports falsely claiming to have Bureau of Indian Standards (BIS) certification. These low-quality products enter the market with fake BIS labels, misleading consumers and bypassing safety and quality regulations, GTRI Founder Ajay Srivastava said. This issue is widespread in sectors like electronics, toys, construction materials, machinery, and consumer goods, all of which require BIS certification, he said. He said that the government before issuing QCOs for new products must set up an online system to prevent fraud and ensure integrity of the BIS certification a

Uttar Pradesh eyes Rs 70K cr investment in electronics, data centres

The investments will catalyse the 'Make in UP' and 'Brand UP' vision, a senior state government official said

Delta Electronics investing $500 million in India to expand presence

Taiwan-based Delta Electronics is investing USD 500 million, announced in 2015, under the government's Make in India initiative to expand its presence in the domestic market, a top company official said. The company, through its Indian arm has made significant investments since its entry into the domestic market in 2003, Benjamin Lin, President of Delta Electronics India said in a press conference at "Elecrama 2025", organised by IEEMA in Greater Noida. "India is a key market for Delta, and we are committed to driving its industrial and energy transformation with our advanced solutions. Our strategic investment in the Krishnagiri facility underscores our dedication to local innovation, manufacturing excellence, and sustainability," he told reporters. The company is in process of investing USD 500 million in India which also includes expansion of the Krishnagiri facility, according to a presentation made by Lin. "Through this investment, we aim to strengthen India's self-reliance in

Ashwini Vaishnaw to launch IndiaAI portal, 10 firms to provide 14,000 GPUs

The Indian government has intensified efforts to develop a domestic artificial intelligence model, particularly in response to China's DeepSeek

First 'Made-in-India' chip to be launched by September-October: Vaishnaw

Tata Electronics, in partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC), is making India's first semiconductor fab in Gujarat's Dholera

Firms hire global leaders as talent shortage hits Indian electronics sector

As India's electronics sector grows, companies like Dixon Technologies are recruiting global talent to fill leadership roles, offering high salaries amid a severe talent shortage

Budget 2025: Govt ups allocation for electronics PLIs, semicon, AI by 84%

The government has enhanced allocation for key technology projects, comprising production-linked incentives for mobile phones, IT hardware, semiconductor scheme and IndiaAI Mission, by about 84 per cent to Rs 18,000 crore for the next fiscal. The revised allocation for the key electronic sector project was around Rs 9,766 crore in the current financial year, according to the budget documents. The allocation for IndiaAI Mission has been increased by over 11 times to Rs 2,000 crore. The IndiaAI mission is spearheading development of the country's artificial intelligence ecosystem including providing financial support for compute infrastructure. The total allocation for Ministry of Electronics and IT has been raised by about 48 per cent to Rs 26,026.25 crore for 2025-26 against Rs 17,566.31 crore under the revised allocation for the current fiscal. The highest allocation of Rs 8,885 crore has been made for the production-linked incentive scheme for Large Scale Electronics Manufacturin

Less progress made in design, component mfg in electronics industry: Survey

Indigenous electronics production increased multifold in the last 10 years to reach Rs 9.52 lakh crore in 2023-24, the Economic Survey said, but pointed out that the industry has largely focused on assembly, making limited progress in design and component manufacturing. However, India's electronics market represents 4 per cent of the global market, the survey, which was tabled in Parliament on Friday, said. "Programmes such as Make in India and Digital India, along with improved infrastructure, ease of doing business, and various incentives, have boosted domestic manufacturing and drawn foreign investments. "However, India's electronics market represents 4 per cent of the global market. The industry has largely focused on assembly, with limited progress in design and component manufacturing," the survey said. According to the survey, domestic production of electronic goods has increased substantially from Rs 1.90 lakh crore in FY15 to Rs 9.52 lakh crore in FY24, registering a compo

Zepto introduces instant returns, exchange feature for select products

Zepto has introduced an instant return and exchange option on its app for categories like electronics, apparel, toys, sports, and kitchenware

India's hiring up 31% in Dec, led by consumer electronics, manufacturing

India's hiring activity rose 31 per cent in December, driven by consumer electronics, manufacturing, and construction and engineering sectors, a report said on Wednesday. According to foundit insights tracker (fit), the country's hiring activity rose 12 per cent over the past six months, with a 31 per cent year-on-year increase in recruitment in December. The fit is a comprehensive monthly report analysing online job posting activity conducted by foundit.in. The report further said the growth in hiring is reflected across sectors, led by consumer electronics, manufacturing, and construction and engineering leading the charge with 60 per cent, 57 per cent, and 57 per cent YoY, respectively. Meanwhile, AI jobs in India surged 42 per cent over the past two years reaching 2,53,000 positions. Top skills include Python, AI/ML, data science, deep learning, SQL and software development. Additionally, expertise in specialised AI frameworks such as TensorFlow (15 per cent) and PyTorch (16 p

Global companies likely to be affected by Trump's promised tariffs

US automaker Tesla encouraged its Chinese suppliers to set up plants in Mexico in 2023 to mainly supply its planned factory in Mexico

Meity seeks 10K graphics processing units, receives offer for 20K

Its request, to build artificial-intelligence (AI) computing capacity, came on August 16 last year

Meity targets $500 bn electronics production by 2030 with detailed strategy

Meity is in the final stages of putting together a production linked incentives (PLI) scheme for electronic components

Appliances industry expects 15% growth in 2025 on back of premiumisation

The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. The year 2024 was transformative for the industry, in which it bounced back despite challenges such as rising raw material costs, price hikes, and supply chain disruptions, and displayed resilience by embracing technology and innovation. The industry, which contributes 0.6 per cent of the GDP, is witnessing a transformative shift towards premiumisation, increasing the average sale price (ASP), driven by rising income, and young demography with changing preferences. Besides, factors such as a growing economy, urbanisation, real estate growth, and increasing penetration into smaller markets like tier-III cities and further, will also help the industry grow. "Looking ahead,

Electronics exports soar 28% in Apr-Nov of FY25, led by smartphone surge

Become fastest-growing among India's top-10 exports, take 3rd place

Commerce dept plans mega global meet to boost exports in six product areas

The meet comes against the backdrop of merchandise exports hitting a 25-month low in November amid continued geopolitical tensions as well as a decline in petroleum prices