The per unit cost of TVs will go up by at least Rs 2000-3000 starting April 1st, 2021
The firm said it expects first-quarter revenue to rise more than 15% from a year earlier
According to the India Cellular and Electronics Association (ICEA) mobile exports are 50 per cent higher compared to the pre-COVID levels
Under the PLI scheme, companies will enjoy a 4-6 per cent incentive annually across five years on their production value in India, provided they make incremental investments
The project is expected to create jobs for 18,250 people, officials said
India has potential to export motherboards, technically called printed circuit board assembly(PCBA), worth up to Rs 8 lakh crore between 2021-26, mobile devices industry body ICEA and EY said in a joint report. However, in the absence of government incentives and subsidies the export potential will be around Rs 29,500 crore during the five year period, the report said. India Cellular & Electronics Association (ICEA) Chairman Pankaj Mohindroo said the government is required to realise the cumulative export potential of Rs 8 lakh crore by 2026. "If support of 4-6 per cent on exports of PCBAs can be provided, by 2025-26, the cumulative PCBA export for India can be about USD 109 billion (over Rs 8 lakh crore). However, if no support is offered, the export is estimated to dwindle to USD 4 billion (around Rs 29,500 crore)," the report said. PCBA forms the base of electronic products. Mohindroo said the current size of PCBA industry in India is around Rs 2 lakh crore and it is expected
The export-oriented unit (EOU) is expected to be ready by January-February 2021 and attain commercial production by April 2021
The latest project is one of the largest, fast-track projects, being executed by Blue Star in the factories' segment
Industry leaders are hoping that the extraordinary festival demand for premium products would translate into a sharp rebound that stays on
The company also announced the appointments of Masahiko Nakagawasa, Abhijeet Bhagwat and Yoshihiro Hashimoto as additional directors (non-executive) with effect from Friday.
These Bengaluru-based techies are now building UV products to kill Coronavirus
Rule 3(3)(a) of the Customs Valuation Rules, 2007 provides that where the buyer and the seller are related, the circumstances surrounding the sale will be examined
After the government targeted China with a new import restrictions on electronics ICEA demanded that these import restrictions should only apply for future imports after clearance of goods in transits
FDI clarity is welcome but messaging on trade isn't
The electronics manufacturing industry has pushed for more coverage of incentives and higher tariffs on foreign goods
The last of the 2-part series analyses the challenges in ramping up non-mobile device manufacturing
The first of a two-part series analyses the feasibility of goals set for electronics manufacturing
Stalling shipments from China to hurt Indian industry more
Firms ready retail plans to align with changing consumer pattern, revive offline trade
Viral outbreak could impact sales of electronics - online and offline