Page 2 - Electronics

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

UP approves policy to boost manufacturing of key electronics components

The Uttar Pradesh government on Tuesday approved an electronics component manufacturing policy with an investment target of Rs 5,000 crore to promote production of 11 key components such as displays and camera modules. The policy, aligned with the Centre's Electronics Component Manufacturing Scheme (ECMS), will come into effect from April 1, 2025, for a period of six years, according to an official statement. The Uttar Pradesh Electronics Component Manufacturing Policy-2025 (UP ECMP-2025) aims to promote the production of 11 key electronic components including displays, camera modules, and multilayer PCBs, with an investment target of Rs 5,000 crore and the potential to create lakhs of jobs, it stated. Under the scheme, entrepreneurs will receive state incentives in addition to central benefits, helping strengthen UP's electronics ecosystem and supply chain. The policy will be implemented through a nodal agency, guided by a policy implementation unit and an empowered committee at th

Odisha govt approves new IT, electronics component manufacturing policies

To attract investment, the Odisha government on Monday approved Electronics Component Manufacturing Policy and IT Policy, an official said. The state cabinet meeting, chaired by Chief Minister Mohan Charan Majhi, this evening has approved the two policies. The Electronics Component Manufacturing policy aims to generate high-skilled employment opportunities while reducing India's reliance on imported electronic components, said chief secretary Manoj Ahuja. The policy offers a comprehensive incentive framework that includes fully matching the central government's electronics component manufacturing scheme (ECMS) support, he said. Under the policy, investors can avail a 50 per cent capital subsidy for the first 10 large-scale projects or select a matching subsidy along with turnover-linked incentives and additional capital subsidies, Ahuja said. The state will provide a 35 per cent capital subsidy for the 11th onward projects, the chief secretary said. Other key benefits include lan

ECMS can raise semiconductor value addition to 20%: Ajai Chowdhry

Ajai Chowdhry highlights the government's Electronics Component Manufacturing Scheme, aiming to raise domestic value addition in semiconductor components from 3-5% to 15-20% in the next 3-5 years

Dixon Tech, China's HKC form ₹370 cr JV for display module manufacturing

Domestic electronics contract manufacturer Dixon Technologies has formed a Rs 370 crore joint venture for display modules manufacturing with Chinese company HKC Overseas. The Dixon Technologies-HKC Overseas joint venture is for manufacturing and selling of LCD and TFT-LCD modules that are used in electronic devices like TV, mobile phones etc for display, a regulatory filing said on Saturday. "Dixon Technologies (India) Ltd has entered into a Term Sheet with HKC Corporation Ltd to form a joint venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products such as smartphones, TVs, monitors and auto displays and selling HKC branded end products in India," the filing said. HKC Overseas Ltd will acquire 26 per cent stake in Dixon Display Technologies Pvt Ltd (DDTPL) for USD 10.998 million, about Rs 95.5 crore and Dixon will acquire 74 per cent stake in the JV for USD 31.3 million, about Rs 274 crore in two tranches. "T

No additional tariffs by US on Indian pharma, electronics so far: Govt

The government on Tuesday said no additional tariffs have been imposed on Indian exports to the US in sectors like pharmaceuticals, and electronics so far. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said reciprocal tariff at the rate of 25 per cent has been imposed on certain goods exported from India to the US, effective August 7. It is estimated that around 55 per cent of the total value of India's merchandise exports to the US is subjected to this reciprocal tariff, he said, adding that additional ad valorem rate of duty of 25 per cent with effect from August 27 has been imposed on certain goods exported from India. "No additional tariffs have been imposed on Indian exports to the US in sectors like pharmaceuticals, and electronics as yet," Prasada said. He also said the government is engaged with all stakeholders, including exporters and industry, for taking feedback of their assessment of the impact from the reciprocal tariff

India's electronics exports surge 47% in Q1FY26, led by mobile phones

India's electronics exports rose 47% YoY to $12.4 bn in Q1FY26, driven by a 55% surge in mobile phone exports. ICEA expects FY26 exports to reach $46-50 bn

Boult becomes GoBoult, aiming for ₹1K cr sales and international expansion

Boult rebrands as GoBoult with an aim to target premium categories in wearables and hearables. The company plans international expansion and an IPO, despite production challenges

Industrial electronics vital to India's $500 bn manufacturing goal: ICEA

India Cellular and Electronics Association (ICEA) on Monday underlined the need for focusing on industrial and infrastructure electronics to achieve the USD 500 billion electronics manufacturing target by 2030-31. The future of India's electronics industry lies not only in the manufacturing of products, but equally in the manufacturing of goods that will automate factories, cities, and transportation networks, the industry body said in a release. Accordingly, ICEA said industrial electronics must be front and centre of India's electronics growth strategy. ICEA, in the release, called for "the urgent need to prioritise industrial and infrastructure electronics as a central pillar of India's USD 500 billion electronics manufacturing target by 2030-31". Pankaj Mohindroo, Chairman of ICEA, stressed that the industrial electronics segment must be recognised as a national strategic priority. "It is the brain and nervous system of every advanced manufacturing setup. Without leadership in

MCA to conduct a study on ex-ante regulations for digital markets

Ministry to invite proposals for a market study on ex ante digital regulations amid stakeholder concerns and inter-ministerial review

Andhra clears new ₹4,600 cr policy to boost electronic part manufacturing

Andhra Pradesh clears a Rs 4,600-cr Electronics Component Manufacturing Policy to attract investment and develop strategic hubs like Sri City, Hindupur, and Kopparthy

US' 25% tariff to hit iPhone exports, disrupt India's electronics shipments

Apple's iPhone export plans from India face setback as US imposes 25% tariff on all Indian goods

Govt open to idea of China joint ventures in electronics manufacturing

Meity allows Dixon-Longcheer venture

Govt gets ₹16,000 cr investment proposals under electronic component scheme

The government is learnt to have attracted investment proposals worth Rs 16,000 crore under the Electronics Component Manufacturing Scheme, according to sources. The government had opened applications for the Rs 22,805-crore electronics component manufacturing scheme (ECMS) on May 1. "Received proposals worth around Rs 16,000 crore under ECMS," an official source said. An industry body also confirmed the development, based on its discussion with government officials and industry players. According to the government source, the approval process has started and shortlisted projects are expected to be announced in September. "The scheme has received a good response from both domestic and foreign companies," the source said. Sources had earlier mentioned that Tata Electronics, Dixon Technologies, and Foxconn were among the big players that have shown interest in the scheme. Recently, Dixon signed separate agreements with Chinese electronic component firms -- Chongqing Yuhai Precisio

Mobile phone exports soar to ₹2 trillion, up 127 times in 10 years: Govt

Export of mobile phones from India increased by 127 times to reach Rs 2 lakh crore in the last 10 financial years, Parliament was informed on Wednesday. According to data shared by Minister of state for Electronics and IT Jitin Prasada in a written reply to Lok Sabha, the export of mobile phones "increased 127 times" from India from Rs 1,500 crore in 2014-15 to Rs 2 lakh crore in 2024-25. "The PLI Scheme for LSEM has already attracted a cumulative investment of INR 12,390 crore, led to a cumulative production of Rs 8,44,752 crore with exports of Rs 4,65,809 crore and generated additional employment of 1,30,330 (direct jobs) till Jun'25," the minister said. The production linked incentive (PLI) scheme for Large Scale Electronics Manufacturing was mainly meant for mobile phone manufacturing. The minister said that 75 per cent of the total mobile phone demand in the country was met through imports in 2014-15, which has now dropped to 0.02 per cent in 2024-25. "PLI Scheme for Large Sc