Page 6 - Electronics Manufacturing

Centre to launch Rs 12,000 crore PLI scheme for high-end components: Report

PLI Scheme: The move, which may attract global giants like Apple to enhance production in the country, is being discussed to develop a complete ecosystem for electronic manufacturing in India

Elista India expects Rs 1,500 cr revenue by 2025, to invest up to Rs 400 cr

Electronics manufacturing company Elista India expects a revenue of Rs 1,500 crore by 2025 on the back of increased exports to the CIS countries, Middle East and Africa, a top official of the company said on Monday. The company plans an investment of Rs 350-400 crore in three years to meet its revenue guidance for 2025, the official said. Revenues of the company have increased to Rs 158 crore in just two years of operations of the company and it expects a business of Rs 200 crore this fiscal. "We expect Elista to have turnover of Rs 1,500 crore by 2025 out of which Rs 500 crore will come from the domestic market and Rs 1,000 crore from exports to CIS countries, Middle East and Africa," Elista and TeknoDome, Chairman and Managing Director, Saket Gaurav told PTI. He said that the company will initially focus on manufacturing televisions and later expand facilities for making washing, IT peripherals etc. Elista is also waiting for the allocation of land to start its manufacturing ...

Smartphone market may remain under pressure due to global factors in 2023

The Indian smartphone market, which battled global factors such as the inflationary macro environment to register a 5 per cent fall in 2022, is set to remain under pressure next year

Chip-maker Micron to layoff 10% of its workforce under restructure plan

Chip-maker Micron has announced that it will reduce its workforce by about 10 per cent in 2023 in response to challenging industry conditions

Fire-Boltt eyes 5 times business growth in FY23, to scale up smartwatches

Wearable and audio devices maker Fire-Boltt expects around five times growth in business to Rs 2,400 crore this fiscal with its plans to enhance brand loyalty of customers and offer specialised features for sports, fitness and healthcare, a top official of the company said. Fire-Boltt Founder and CEO Arnav Kishore told PTI that the company will start making all smartwatches in India in the next three months and expects to increase its market share in the category to 50 per cent in the next 12-18 months. The company is eyeing the smartphone user base in India, projected to reach 100 crore in a few years, from where it expects high level of traction for smartwatches. "We are aggressively focusing on the marketing campaigns in order to increase brand loyalty. In terms of revenue, we clocked around Rs 500 crore last fiscal year. Till September 2022, we have clocked around Rs 1,200 crore and expect close to Rs 2,400 crore (this fiscal)," Kishore told PTI. According to Counterpoint ...

Expand PLI scheme for electronics inputs and components, ICEA tells Centre

The organisation has projected that components and sub-assemblies could provide a $100-billion export opportunity in the next five years

On Udaan network, local mobile accessory brands take wings in 'Bharat'

Udaan said its in-house expert team works closely with small manufacturers and trains them to run an e-commerce business

Apple explores shifting some iPad production from China to India: Report

India is exploring options to bring some of Apple Inc's iPad production to the country from China, CNBC reported on Monday, citing two sources close to the Indian government

Aversion to the cloud for engineering operations is fading, shows data

Cloud adoption for engineering and manufacturing grew 2.5x times vis-a-vispre-pandemic levels

Smart fasteners are not just nuts and bolts

In auto sector adhesive tapes used for attaching components in unique ways allow carmakers to experiment with designs, since they are no longer bound by linear needs of traditional metallic fasteners

HP Inc to reduce global headcount by up to 6,000 employees as demand slows

PC and printer major HP Inc is joining the ongoing tech layoff season and will lay off nearly 4,000-6,000 employees

India to be a semiconductor manufacturing hub: Rajeev Chandrasekhar

Chandrasekhar said India is well positioned to emerge as a major player in electronics and semiconductor products manufacturing as part of the 'China Plus One' diversification strategy

India smartphone mkt falls 10% in Q3; Xiaomi, Vivo shipments dip: Study

Lowest third-quarter shipment since 2019 as weak demand and device price hurt festive buying

Insurer needn't pay for VAT on unsold goods

The National Commission said VAT is payable only on sale. If goods are damaged before sale, VAT is not payable, so to claim it is incorrect

Eveready charged up, aims to double revenue in 4 years with existing biz

Company's focus shifts to topline growth under Burmans; may look at new categories later

India may allow Chinese JVs with Indian cos for electronics manufacturing

Officials added that any proposal for a JV could be considered if that leads to the growth of the electronics manufacturing ecosystem in India

Tata Group plans to add up to 45,000 workers at iPhone parts plant

The plant in the industrial town of Hosur, in Tamil Nadu state, will hire as many as 45,000 women workers within 18 to 24 months as it sets up new production lines

BEL's sales trajectory will sustain on multiple growth opportunities

Investors may consider buying the stock on dips, say experts

Strong retail interest sees DCX Systems IPO subscribed 2.19 times on day-1

Price band set at Rs 197-207 a share; retail portion sold 8.7x

Govt announces electronics manufacturing cluster in Maha worth Rs 500 cr

Union Minister Rajeev Chandrasekhar on Monday announced that an Electronics Manufacturing Cluster will be developed in Ranjangaon, Maharashtra, at a cost of Rs 500 crore. The Electronics Manufacturing Cluster (EMC) is targeted to attract an investment of over Rs 2,000 crore, with a potential to generate thousands of jobs in the coming years. "To make Maharashtra into an electronics hub, we have approved an Electronics Manufacturing Cluster project in Ranjangaon, Pune. The total investment of the government will be about Rs 500 crore," Minister of State for Electronics and Information Technology Chandrasekhar said at a briefing. With this, Ranjangaon (Maharashtra) joins the growing roster of locations such as Tamil Nadu, Noida and Karnataka that are making an aggressive pitch to emerge as a vibrant electronics hub. The overall cost for development of the EMC is Rs 492.85 crore, out of which Rs 207.98 crore will be funded by the government of India and balance contribution of Rs 284.