Electronics Industry

Added electronics consumption of ₹20 trn likely due to GST rejig: Vaishnaw

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 .

Motilal Oswal sees 58% upside in LG Electronics India; check 5 key reasons

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.

Will focus on high-margin export goods for growth: Syrma SGS MD Gujral

The company has a strong domestic presence in the combustible and electric vehicle segment , as well as in industrial electronics equipment manufacturing

New electronic component plan to double local value addition to 40%: Elcina

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

Jefferies says 'Buy' Amber, Syrma, 'Hold' Dixon amid PCB expansion plans

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.

Datanomics: India's manufacturing sector yet to show its strength

While certain sectors such as smartphones have shown remarkable export growth, the broader manufacturing landscape does not tell an inspiring story

Japan's Murata enters India with Chennai plant, eyes deeper push

Murata's first India unit begins capacitor packaging in Chennai; the firm plans deeper localisation amid growing demand across electronics, auto and industrial sectors

Best Buy to boost India tech hub staff by over 40%, says executive

The company, which launched its first tech centre in Bengaluru last year, currently has 350 staff in data and AI roles, with plans to expand to 500-550 employees

India's industrial output growth dips to 10-month low of 1.5% in June

Industrial production growth in June fell to a ten-month low of 1.5%, due to weak mining and electricity output, following a revision in May's growth figure, as per National Statistics Office data

SCL fabricates 20 indigenous semiconductor chips designed by students

36 more chips designed by students in the pipeline

India open to domestic firms collaborating with Chinese electronics makers

India is flexible for collaboration of domestic companies with Chinese, especially electronics, a government source said on Friday. Around 60 per cent of electronics manufacturing happens in China, and hence, it is not easy to ignore it, the source added. "Things are easing (between India and China). There are signals. Tourist visas have been opened. In electronics, 60 per cent of manufacturing takes place in China. So, there has to be some sort of collaboration," the sources said. He was replying to a question on government approval for the Dixon joint venture with Chinese companies. Dixon Technologies has received approval from the Indian government to form a joint venture (JV) with Chinese peer Longcheer. Dixon has been reaching out to several Chinese companies for joint ventures. It has signed separate agreements with Chinese electronic component firms -- Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian arm of Kunshan Q Technology -- for manufacturing and sales o

India's electronics exports hit $40 bn, grow 8 times in 11 yrs: Vaishnaw

India's electronics exports have soared past USD 40 billion, marking an eight-fold growth over the last 11 years, Union Minister Ashwini Vaishnaw said on Saturday. He also highlighted that the domestic electronics production has gone up by six times. Addressing the 14th Convocation of IIT Hyderabad, near here, Vaishnaw also emphasised the rapid progress of India's first bullet train project, which is expected to become operational by August or September 2027. Looking ahead, he said the first Made in India chip, on a commercial scale, will be manufactured this year. He expressed confidence that India is on track to becoming one of the top five semiconductor nations in the world in the coming years, citing its increasing focus on capital equipment and the materials required for semiconductors. In just 11 years, we have increased our electronics production six times. That's a CAGR double digit which any corporate would be envious of. We have increased our exports eight times, crossed

21k jobs in audio electronics at risk due to China rare earth curbs: Elcina

Over 21,000 jobs are at risk in the country's audio electronics segment due to restrictions imposed by China on the export of rare earth metals, according to an estimate shared by industry body ELCINA with the government. In April, China implemented strict export licensing on rare earth elements like terbium and dysprosium which are key inputs for high-performance NdFeB (Neodymium-Iron-Boron) magnets used in consumer electronics. The country's oldest electronics industry body said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard and the device makers are switching to import fully assembled speaker modules from China. "This creates a regressive trend-from component manufacturing back to finished good imports dependency. Over 5,000-6,000 direct jobs and 15,000 indirect jobs are at risk in speaker and audio component manufacturing especially in Noida and South India," Elcina stated in the report. Elcina estimates that t

India-China electronics firms turn to tech tie-ups as JV rules delay deals

With regulatory curbs stalling Chinese investments in India, electronics firms like Voltas and PG Electroplast are exploring technology partnerships

Assam alternative destination for electronics makers: Himanta Biswa Sarma

Assam the alternative destination for electronics makers

PLI scheme: Meity, industry bodies plan roadshows to woo electronics firms

The countries identified for this roadshow include South Korea, Japan, Taiwan, and the United States, the geographies in which big companies manufacturing electronic components are based

TN launches India's first state electronics component manufacturing scheme

Under the scheme, the state government will provide matching grants to complement the incentives offered by the Union government's electronic component schemes

Govt will evaluate response if China, Vietnam resort to dumping: S Krishnan

As of now, electronics goods manufacturers in India are not "overly" concerned about the recent tariff hikes

Trump's 27% tariff on Indian exports: Who gains and who takes the hit?

The US Trump administration has levied a flat 27% tariff on Indian goods with some exemptions. Here how domestic players have been impacted

Trump reciprocal tariff: Which Indian sectors will be impacted from April 2

From auto to tech: What sectors will be most impacted by Trump reciprocal tariffs that will go into effect on April 2