Page 2 - Electronics Manufacturing Sector

Made-in-India iPhone 16 series to hit global markets within days of launch

Apple is set to unveil its highly anticipated iPhone 16 series, which boasts new AI features, on Monday, with global sales expected to begin 10 to 12 days later

Electronics firms seek Rs 35,000 crore PLI support to boost manufacturing

ICEA said the scheme would increase domestic value addition, especially in mobile phone manufacturing, from the current 18 per cent to 35-40 per cent, to support the growing demand

FMEG major Havells India's positive outlook may be priced in valuations

Management sounded optimistic about growth in FY25

Electronics industry sees 154% growth in hiring and skilling: Quess report

The telecom domain tops hiring demand within the electronics industry, accounting for 64 per cent of hiring, followed by lighting and automotive sectors

India's electronics exports increase 23.6% to $29.12 billion in FY24

According to commerce department officials, the top five export market of electronics good are - the US, United Arab Emirates, Netherland, United Kingdom, and Italy

Electronics manufacturing will need over 4 mn people: Civil servant

Semiconductors emerging as 'big sector' in country as more investments come in, he says

India needs multi-pronged approach for ESDM sector, says PwC India

India needs a multi-pronged approach for the Electronics System Design and Manufacturing (ESDM) sector to leverage the momentum for value chain resilience, as the window of opportunity created by the current geopolitical context is very small, according to a report. "Decisive policy action is the need of the hour," said PwC India's report on 'The India Opportunity: Developing Resilient Electronics Supply Chains'. It noted that India is uniquely placed among global economies, having garnered goodwill as a reliable partner for countries across the world. "The country must now leverage this momentum to ensure that its internal strategy and operations enable it to become future ready. A multi-pronged approach is essential to ensure that the centre of the ESDM sector in India holds firm," the report said. Emphasising that the next decade will be crucial for this, given the window of opportunity for India to be a part of the value chain -- created by the geopolitical context -- is very .

Avalon Technologies joins MeitY's RUDRA supercomputing mission

The partnership will add to the indigenous manufacturing capability of High-Performance Computing (HPC) systems that are a part of the 'RUDRA' programme, said the company in an announcement

With localisation, electronics manufacturing to be $115 bn in 2024: Report

India's electronics manufacturing sector is set to grow 15 per cent to be worth USD 115 billion in 2024, with players continuing to focus more on higher levels of value addition in terms of components and development of products. The production of mobile phones, the poster boy of the country's electronics manufacturing, is expected to surpass USD 50 billion by March 2024 from around USD 42 billion in the previous financial year. Google's Pixel smartphone production in India from the first quarter of 2024 will complete the manufacturing presence of all global majors in the country. India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said the total production of electronic goods in the financial year 2023-24 is estimated to reach USD 115 billion, buoyed by an exceptional contribution of mobile phones, which is estimated to exceed USD 50 billion in the current fiscal. According to data shared by the government, domestic electronics manufacturing increased over

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

Electronics export in India grew 56% in Q1, emerge as 4th largest item

Electronics exports grew over 56 per cent in the April-June period, reaching Rs 57,220.24 crore, as against Rs 36,533.18 crore in the corresponding period of last year

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

Should you subscribe to IKIO Lighting IPO? Here's what brokerages suggest

The Noida-based company will debut bourses on June 16, and join listed peers Dixon Technologies, Amber Enterprises, Syrma SGS, and Elin Electronics

Missed opportunity: India far behind in race for electronics exports to US

India's failure to grab the opportunity is reflected in the fact that its share of US electronics imports was an abysmal 0.8 per cent in 2022

HP Inc to further boost its local manufacturing footprint in India: CEO

HP Inc is already manufacturing multiple PC products, including laptops in India, as part of the government's 'Make in India' initiative

ICEA wants bars raised for Chinese companies in Indian markets

Justifying its stance, the ICEA in a presentation said the country had big global EMS players from Taiwan and the US, and home-grown players that could meet the requirements here

Foxconn secures new manufacturing site in Vietnam after turmoil in China

Apple's biggest supplier Foxconn has secured a new site in Vietnam, as the Taiwanese giant shifts production away from China after facing major supply-chain disruptions

Ceiling fans get costlier as BEE's revised norms mandate star labelling

Ceiling fans would get costlier by 8 to 20 per cent as the category comes under the ambit of mandatory star labelling from January 1, as per the revised Bureau of Energy Efficiency (BEE) norms. Star labelling denotes energy savings of minimum 30 per cent for 1-star rated fans to over 50 per cent for 5-star rated fans. Though leading manufacturers such as Havells, Orient Electric and Usha International have welcomed the move, they also believe it would lead to cost increase of 5 to 20 per cent as high energy efficient 5-star rated fans will require new imported motors and electronic components. Under the new mandate, now manufacturers would have to display star ratings between 1 to 5 stars on their fans. The star rating is dependent on service value (air delivery in cubic meters per minute divided by energy consumption in wattage). Terming it a "massive shift", Orient Electric MD & CEO Rakesh Khanna said, now consumers will get access to a superior product that consumes far less ...

Elin Electronics makes muted market debut; shares settle nearly 8% lower

Shares of electronics manufacturing services company Elin Electronics made a muted market debut on Friday and ended nearly 8 per cent lower against the issue price of Rs 247. The stock made its debut at Rs 243, a decline of 1.61 per cent against the issue price on the BSE. During the day, it fell 8.66 per cent to Rs 225.60. Shares of the company ended at Rs 227.80, lower by 7.77 per cent. At the NSE, the share of the company made its debut at Rs 244, lower by 1.21 per cent. It ended with a decline of 7.18 per cent at Rs 229.25. The company commanded a market valuation of Rs 1,131.24 crore on the BSE. In traded volume terms, 6.75 lakh shares of the company were traded at the BSE and over 80.19 lakh shares on the NSE during the day. The Initial Public Offer (IPO) of Elin Electronics was subscribed 3 times last week. The IPO had a fresh issue of up to Rs 175 crore and an offer-for-sale of up to Rs 300 crore, aggregating up to Rs 475 crore. The price range for the offer was Rs 234-2