The PLI for smartphones was extremely sophisticated in design, a win-win for all parties
The scheme, which will run for six years starting from this financial year, started accepting applications for three months starting May 1
India's electronics manufacturing sector, which has been struggling with China's restrictions on rare earth magnet exports, faces a double whammy with import curbs on gold compound -- a key raw material. Rare earth magnets have diverse utility ranging from computer chips and electronic components to electric vehicles, wind turbines, and medical equipment. Gold compounds are also widely used in critical electronic components to improve flow of electric current in motherboards, semiconductors etc. The Directorate General of Foreign Trade (DGFT) in an order dated June 17 reclassified imports of colloidal precious metals and compounds from "free" to "restricted" category. The development followed restrictions from China on export of rare earth magnets and specialized capital goods. India Cellular and Electronics Association (ICEA) in a letter to the Ministry of Electronics and IT said that the import restriction has brought in uncertainty in the efforts of industry to scale up domesti
As companies boost spending, some investors are questioning whether market demand is keeping pace with the flood of investments
Dixon's revenue growth was led by mobiles & EMS (194 per cent), offset by 23 per cent fall in consumer electronics. Home appliances and lighting were flat
The cluster will be developed by YEIDA over 200 acres and aims to attract ₹2,500 crore in investments while generating 15,000 jobs with plug-and-play infra for MSMEs and startups
Reduces min land required to set up such firms from 50 hectares to 10 hectares
The government is watching the developments closely, but is not too worried that a tariff truce between the US and China could hurt the chances of India's electronics products on the global stage
Electronics manufacturing services company Dixon Technologies has entered into a joint venture agreement with Taiwanese IT hardware giant Inventec Corporation for manufacturing personal computers, components and servers in India. The joint venture, Dixon IT Devices Private Limited, will focus on manufacturing notebook PC products, desktop PC products, including components, and servers within India, according to a regulatory filing. "Dixon Technologies (India) Limited (Company) has on 30 April 2025 entered into a Joint Venture Agreement with Inventec Corporation and Dixon IT Devices Private Limited, (JV Company), a wholly owned subsidiary of the Company (JV Agreement) for governing inter-se relationship of the Company and Inventec Corporation in respect of operation and management of the JV Company," the filing said. Under the terms of the agreement, Dixon Technologies will hold a 60 per cent stake in the joint venture, while Inventec Corporation will own the remaining 40 per cent.
Union Minister Ashwini Vaishnaw rolled out guidelines for the Electronics Component Manufacturing Scheme to boost domestic manufacturing, attract investments, and build a strong electronics ecosystem
Industry awaits fine print as scheme promises over 5% incentives
A total of 91,600 direct jobs are likely to be generated under the scheme, Union electronics and information technology minister Ashwini Vaishnaw said
The scheme focuses on key components such as batteries, displays, camera modules, and printed circuit boards (PCBs) to enhance India's electronics supply chain and reduce import dependence
Three teams out of 58 entrants took top honours in the Indian Web Browser Development Challenge, with Ashwini Vaishnaw announcing the winners on Thursday
Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Saturday said two electronics manufacturing clusters worth Rs 1,112 crore, will be set up in Tamil Nadu. Speaking at the inauguration of Zetwerk Electronics' seventh manufacturing facility in Sriperumbudur, about 55 kms from here, Vaishnaw highlighted that the electronics industry has become the country's second largest export sector, surpassing several traditional industries in the past decade. The new facility, part of a Rs 1,000 crore investment, will produce electronic components for various sectors, including consumer durables and IT hardware, and will serve both domestic and international markets in the future. After unveiling the plaque to mark the inauguration of the Zetwerk electronics plant, Vaishnaw emphasised how the electronics industry had rapidly grown, overtaking several long-standing export industries in the last 10 years. Zetwerk Electronics co-founder, Rahul Sharma noted that the new pl
Young Liu discussed critical minerals, storage plans, and improving the component ecosystem during the 45-minute drive with the minister
Nomura pointed out that India is strategically positioned to capitalise on these changes, especially as the US looks to adjust its approach to trade with India, particularly in electronics
Union Minister for Electronics and IT Ashwini Vaishnaw on Saturday laid the foundation stone for four manufacturing units at the Electronics Manufacturing Cluster in Mahabubnagar district of Telangana. As part of the ceremony, foundation stones were laid for upcoming Giga Factory-1 of Amara Raja company, critical minerals refining and battery recycling unit of Lohum company, cell casing manufacturing unit of Scell Energy, and first LFP-CAM Giga Factory of Altmin, an official release said. Addressing the gathering, Vaishnaw said electric mobility remains a focus area for the government. The government is committed to developing the right infrastructure and ecosystem for the promotion and adoption of EVs. We welcome Indian innovation and manufacturing initiatives and look forward to the success of this endeavor, the release quoted Vaishnaw as saying. As part of its objective to strengthen the electronics manufacturing ecosystem in India and give boost to EV manufacturing and supply .
The US is the largest market for India's electronics exports, accounting for 33 per cent of the total as of 2023-24 (FY24)
Govt proposes only 25% of total remuneration received by expats to be treated as taxable profits