Page 2 - Electronics

2D materials: India's chance to leapfrog in the semiconductor race

India must prioritise 2D materials to leapfrog in semiconductors, quantum computing, and energy tech, securing strategic IP, economic growth, and global influence

Consumers struggle to get GST rate cut benefits on food, medicines: Survey

Despite lower GST rates on most food items and medicines, many consumers report only partial or no price relief, highlighting gaps in implementation and last-mile enforcement, a recent survey said

Moglix adopts supply-chain hedging as India eyes chip self-reliance

B2B platform Moglix is securing global suppliers for critical components as it aligns with India's expanding semiconductor and electronics ambitions

US online retailers delist millions of banned Chinese electronic items

Earlier this week, the FCC said it plans to vote this month to tighten restrictions on telecommunications equipment made by Chinese companies deemed national security risks

India, Korea to explore joint initiatives in electronics and EV components

India and Korea have agreed to explore joint initiatives in electronics and electric vehicle (EV) components, and digital supply chains, the commerce ministry said on Friday. It was discussed between the Minister of State for Commerce and Industry Jitin Prasada and his Korean counterpart Yeo Han-Koo. "In discussions...the focus areas included collaboration in manufacturing, digital technologies and clean technologies. The two sides agreed to explore joint initiatives in electronics, EV components, and trusted digital supply chains," it said. He also held bilateral meetings with ministers from Japan, South Africa, the Netherlands and discussed ways to boost trade and investments. The meeting was held on the sidelines of the G20 Trade and Investment Ministers' Meeting (TIMM) in Gqeberha, South Africa. In the discussions on the WTO (World Trade Organisation), Prasada called for the restoration of a fully functional, two-tier dispute settlement system with an operational appellate ...

Behind the electronics surprise: India's path to $500 billion by 2030

India's one Achilles heel in electronics production has been its heavy dependence on smartphones, that too a lot on exports

Samsung India sees strong Navratri sales, AC and TV demand surges

Samsung India on Thursday said it experienced "strong growth" in the appliances business during the nine-day-long auspicious Navratri period, supported by recent GST reforms by the government and promotional offers. The sales of premium televisions jumped two-fold, as compared to the corresponding festive period last year, according to a statement issued by the country's leading appliances & consumer electronics maker. Additionally, it has also reported growth in its room air conditioner sales. Growth in sales of air conditioners and TVs was aided by the recent GST reforms by the government, which saw a substantial drop in taxation rates, leading to price reductions across consumer goods and appliances, such as TVs (above 32-inch screen size), air conditioners, and dishwashers. "Samsung's appliances business saw strong growth during the first leg of the festive season (September 22 to October 2) on account of attractive deals that included cashback offers, easy finance and ...

LG Electronics' profit surges 46% to ₹2,203 cr in FY25, revenue up 14%

LG Electronics India's profit surged 45.8 per cent to Rs 2,203.35 crore in FY25, and its revenue from operations was up 14.1 per cent to Rs 24,366.64 crore, according to the latest RoC filing by the appliances and consumer electronics major. The company, which is in the listing process on exchanges, reported a post-tax profit of Rs 1,511.07 crore and revenue from operations of Rs 21,352 crore for the financial year ended March 31, 2024. LG Electronics India (LGEI)'s total income in FY25, including other income, rose 14.25 per cent to Rs 24,630.63 crore, according to the financial data accessed by the business intelligence platform Tofler. The company's pre-tax profit rose 45.5 per cent in FY25. The South Korea-based parent entity LG Electronics is selling a 15 per cent stake through Offer for Sale (OFS) in LGEI's Initial Public Offering (IPO). LGEI's Advertising promotional expenses increased 7.27 per cent to Rs 1,009.12 crore in FY25, from Rs 940.71 crore in FY24. The total tax

Dixon to Amber: Homegrown giants lead charge in electronics component plan

Dixon, Amber, Kaynes, Samvardhana Motherson among key applicants

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

Electronics component plan gets ₹1.15 trillion proposals, says govt

The government has received Rs 1.15 trillion worth of investment proposals under the Rs 22,919 crore ECMS from 249 firms, with approvals and production set to begin soon

Taiwan seeks bigger tech presence in India, says trade body chief Huang

India's smartphone exports to the US rose nearly 40% to $8.43 billion in the first five months of FY26, benefiting from tariff exemptions and strong demand for Apple iPhones

GST cuts to fuel 15-20% festive sales surge in electronics: Analysts

GST cuts have lowered electronics prices by 7-9 per cent, fuelling festive demand as consumers trade up to premium TVs and appliances and e-commerce giants push discounts

GST rate cut draws shoppers to electronics stores, sales stir slowly

However, sales are yet to see a significant pick-up

AC, TV sales surge on day one as lower GST rates boost festive buying

As lower GST rates take effect on Monday, sales of air-conditioners, TV sets surged dramatically with buyers rushing to grab cheaper deals offered by retailers at the beginning of the Navratra festival. Neighbourhood kirana stores also witnessed a modest rise in sales of daily essentials as well as food items. The new two-slab GST (goods and services tax) structure of 5 per cent and 18 per cent has replaced the earlier four-rate duty regime following GST Council's sweeping reform aimed at boosting consumption across the country. This led to price cuts of most of the common-use items ranging from foods, toiletries and cosmetics to white goods such as TV and air-conditioners from Monday, which also coincides with the beginning of the nine-day annual Navratra festival. Dealers of home appliance segment said room-air conditioning (RAC), which has come under 18 per cent tax rate from 28 per cent earlier, witnessed almost double sales on the very first day. "Trends of primary regular sa

Karnataka launches ₹1,000 cr LEAP scheme to boost innovation across state

Karnataka government's department of Electronics, IT, and BT on Monday unveiled a Rs 1,000 crore "LEAP" programme to drive innovation across the state, catalysing growth beyond Bengaluru. Designed to catalyse innovation, LEAP (Local Economy Accelerator Programme) intends to create five lakh jobs, and build robust startup ecosystems across Karnataka, beyond the state capital, it said. "With an ambitious outlay of Rs 1,000 crore over five years, LEAP represents a strategic and holistic commitment to fostering innovation, democratising opportunity, and driving equitable economic growth across the entire state," the department said in a statement. According to the department, while Bengaluru is a globally celebrated technology hub, ranking at number 10 worldwide in the StartupBlink 2025 index and at 14 globally in the Startup Genome 2025 report, LEAP as an initiative is about holistic, statewide development. "The Government of Karnataka's vision for the next phase of transformation is

Fujifilm arm likely to start producing chip raw materials by 2028

Fujifilm Electronic Materials aims to begin producing semiconductor raw materials in India by 2028, exploring independent units, licensing partnerships, or joint ventures

India to host 89th IEC General Meeting, over 2,000 global experts to attend

India will host the 89th General Meeting of the International Electrotechnical Commission in the national capital from September 15-19, bringing together over 2,000 experts from more than 100 countries to deliberate on international electrotechnical standards. Food and Consumer Affairs Minister Pralhad Joshi will inaugurate the opening ceremony at Bharat Mandapam, and Commerce and Industry Minister Piyush Goyal will unveil the IEC GM Exhibition. This marks the fourth time India is hosting the prestigious International Electrotechnical Commission (IEC) General Meeting, having previously held it in 1960, 1997 and 2013, the Bureau of Indian Standards (BIS) said in a statement. The gathering will focus on setting international standards that foster "a sustainable, all-electric and connected world", officials said. Experts will participate in more than 150 Technical and Management Committee meetings to shape next-generation standards. The event will feature workshops on key emerging ar

Electronic components PLI received over ₹50K cr proposals: Vaishnaw

Today, the world trusts India's electronics manufacturing capabilities, says Vaishnaw

Andhra picks company to build 'India's largest' PCB manufacturing factory

SSEPL commits to invest Rs 1,076 cr in facility; gets state government's approval for two other projects